Employers Holdings, Inc(NYSE:EIG)
Employers Holdings, Inc., through its subsidiaries, operates in the commercial property and casualty insurance industry primarily in the United States. It offers workers' compensation insurance to small businesses in low to medium hazard industries. The company markets its products through independe...
Website: http://www.employers.com
Founded: 2000
Full Time Employees: 704
Sector: Financial Services
Industry: Insurance-Specialty
• Market Cap:
• Exchange:
• Shs Outstanding:
• Employees:
• Beta:
• Return on Equity (ROE) ttm:
• Return on Assets (ROA) ttm:
• EPS ttm:
• Book value per Share:
• Cash per Share:
• Current ast per Share:
• P/E ttm:
• P/E forward:
• P/E ttm high:
• P/E ttm low:
• P/S ttm:
• P/B ttm:
• P/FCF ttm:
• PEG ratio:
• Cash Ratio ttm:
• Quick Ratio ttm:
• Current Ratio ttm:
• Gross Mgn ttm:
• EBITDA Mgn ttm:
• Operating Mgn ttm:
• Net Income Mgn ttm:
• Trailing Div yield:
• Forward Div yield:
• Payout Ratio ttm:
• Ex-Dividend date:
• Target Price High:
• Target Price Low:
• Target Price Mean:
• Number of Analysts:
• Debt Ratio ttm:
• Debt to Equity ttm:
• Total Net Debt:
At a glance:
Bull Thesis:
Bear Thesis:
Main Competitors:
Moat:
Income Statements:
Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-09-30 | 2018-06-30 | 2018-03-31 | 2017-12-31 | 2017-09-30 | 2017-06-30 | 2017-03-31 | 2016-12-31 | 2016-09-30 | 2015-03-31 | 2013-12-31 | 2013-09-30 | 2013-06-30 | 2012-09-30 | 2012-03-31 | 2011-06-30 | 2009-06-30 | 2008-12-31 | 2007-03-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
revenues | |||||||||||||||||||||||||||||||||||||||||||||||||
net premiums earned | 180,900,000 | 188,500,000 | 192,100,000 | 198,300,000 | 183,000,000 | 190,200,000 | 186,600,000 | 187,800,000 | 184,900,000 | 187,500,000 | 184,600,000 | 177,100,000 | 172,700,000 | 181,100,000 | 178,700,000 | 165,200,000 | 150,200,000 | 156,400,000 | 147,100,000 | 137,000,000 | 133,900,000 | 151,500,000 | 144,400,000 | 151,500,000 | 167,900,000 | 169,700,000 | 175,800,000 | 175,500,000 | 174,800,000 | 183,600,000 | 192,900,000 | 178,000,000 | 176,600,000 | 181,500,000 | 187,900,000 | 171,700,000 | 175,300,000 | 172,000,000 | 173,300,000 | 159,000,000 | 169,992,000 | 164,429,000 | 159,953,000 | 131,766,000 | 109,900,000 | 88,128,000 | 104,381,000 | 89,792,000 | |
net investment income | 28,300,000 | 31,400,000 | 26,100,000 | 27,100,000 | 32,100,000 | 26,700,000 | 26,600,000 | 26,900,000 | 26,800,000 | 26,200,000 | 25,900,000 | 26,800,000 | 27,600,000 | 27,000,000 | 23,700,000 | 20,000,000 | 19,100,000 | 17,800,000 | 18,400,000 | 18,200,000 | 18,400,000 | 18,000,000 | 18,500,000 | 19,900,000 | 19,900,000 | 22,600,000 | 22,300,000 | 21,400,000 | 21,800,000 | 21,300,000 | 20,200,000 | 20,300,000 | 19,400,000 | 19,200,000 | 18,500,000 | 18,200,000 | 18,800,000 | 19,100,000 | 17,900,000 | 16,900,000 | 17,915,000 | 17,799,000 | 17,645,000 | 17,506,000 | 18,385,000 | 20,306,000 | 23,064,000 | 20,835,000 | |
net realized and unrealized losses on investments | -1,700,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
other income | 100,000 | 300,000 | -100,000 | 300,000 | -100,000 | 100,000 | 100,000 | -200,000 | 100,000 | 200,000 | 600,000 | 100,000 | 200,000 | 400,000 | 300,000 | -100,000 | 300,000 | 300,000 | 300,000 | 300,000 | 400,000 | 800,000 | 200,000 | 100,000 | 300,000 | 400,000 | 100,000 | 100,000 | 663,000 | 29,000 | 144,000 | 30,000 | 81,000 | 3,000 | 59,000 | 1,140,000 | |||||||||||||
total revenues | 207,600,000 | 170,500,000 | 239,300,000 | 246,300,000 | 202,600,000 | 216,600,000 | 224,000,000 | 217,000,000 | 223,100,000 | 225,700,000 | 203,500,000 | 215,200,000 | 206,500,000 | 221,800,000 | 204,400,000 | 135,300,000 | 152,000,000 | 199,800,000 | 168,300,000 | 171,400,000 | 163,600,000 | 191,100,000 | 181,900,000 | 211,400,000 | 127,000,000 | 210,400,000 | 201,000,000 | 204,300,000 | 220,300,000 | 179,400,000 | 228,900,000 | 204,100,000 | 188,000,000 | 201,000,000 | 210,900,000 | 193,200,000 | 196,300,000 | 193,200,000 | 192,800,000 | 177,200,000 | 192,364,000 | 183,332,000 | 181,608,000 | 151,140,000 | 130,144,000 | 109,539,000 | 127,112,000 | 111,957,000 | |
yoy | 2.47% | -21.28% | 6.83% | 13.50% | -9.19% | -4.03% | 10.07% | 0.84% | 8.04% | 1.76% | -0.44% | 59.05% | 35.86% | 11.01% | 21.45% | -21.06% | -7.09% | 4.55% | -7.48% | -18.92% | 28.82% | -9.17% | -9.50% | 3.48% | -42.35% | 17.28% | -12.19% | 0.10% | 17.18% | -10.75% | 8.53% | 5.64% | -4.23% | 4.04% | 9.39% | 9.03% | 2.05% | 5.38% | 6.16% | 17.24% | 47.81% | 67.37% | 42.87% | 16.24% | |||||
qoq | 21.76% | -28.75% | -2.84% | 21.57% | -6.46% | -3.30% | 3.23% | -2.73% | -1.15% | 10.91% | -5.44% | 4.21% | -6.90% | 8.51% | 51.07% | -10.99% | -23.92% | 18.72% | -1.81% | 4.77% | -14.39% | 5.06% | -13.95% | 66.46% | -39.64% | 4.68% | -1.62% | -7.26% | 22.80% | -21.63% | 12.15% | 8.56% | -6.47% | -4.69% | 9.16% | -1.58% | 1.60% | 0.21% | 8.80% | -7.88% | 4.93% | 0.95% | 20.16% | 16.13% | 18.81% | -13.82% | |||
expenses | |||||||||||||||||||||||||||||||||||||||||||||||||
losses and loss adjustment expenses | 129,100,000 | 134,400,000 | 186,600,000 | 140,100,000 | 120,700,000 | 113,200,000 | 117,700,000 | 108,800,000 | 116,500,000 | 92,900,000 | 114,900,000 | 90,500,000 | 107,400,000 | 91,300,000 | 112,300,000 | 93,300,000 | 94,200,000 | 70,700,000 | 91,200,000 | 83,700,000 | 69,600,000 | 47,900,000 | 77,100,000 | 73,100,000 | 104,300,000 | 97,700,000 | 92,900,000 | 86,800,000 | 88,600,000 | 87,000,000 | 106,600,000 | 87,800,000 | 95,400,000 | 85,200,000 | 116,900,000 | 106,100,000 | 109,000,000 | 89,900,000 | 109,000,000 | 106,200,000 | 136,902,000 | 105,767,000 | 112,638,000 | 98,255,000 | 80,923,000 | 64,150,000 | 54,100,000 | 41,667,000 | |
commission expense | 23,700,000 | 25,800,000 | 23,000,000 | 26,100,000 | 23,000,000 | 22,500,000 | 26,400,000 | 26,800,000 | 25,500,000 | 26,200,000 | 26,700,000 | 23,600,000 | 23,400,000 | 26,000,000 | 25,300,000 | 23,700,000 | 20,900,000 | 21,400,000 | 19,900,000 | 18,000,000 | 16,800,000 | 18,900,000 | 19,400,000 | 19,200,000 | 21,300,000 | 20,400,000 | 21,900,000 | 23,800,000 | 22,000,000 | 21,100,000 | 24,800,000 | 24,500,000 | 23,700,000 | 24,700,000 | 23,700,000 | 21,500,000 | 21,500,000 | 20,000,000 | 21,300,000 | 18,700,000 | 19,792,000 | 19,946,000 | 20,127,000 | 14,865,000 | 13,529,000 | 11,119,000 | 13,229,000 | 11,721,000 | |
underwriting expenses | 40,900,000 | 39,700,000 | 39,600,000 | 43,100,000 | 42,900,000 | ||||||||||||||||||||||||||||||||||||||||||||
interest and financing expenses | 1,100,000 | 200,000 | 200,000 | 100,000 | 600,000 | 1,000,000 | 1,900,000 | 2,300,000 | 1,900,000 | 1,100,000 | 300,000 | 100,000 | 100,000 | 100,000 | 200,000 | 100,000 | 200,000 | 400,000 | 400,000 | 400,000 | 400,000 | 300,000 | |||||||||||||||||||||||||||
total expenses | 194,800,000 | 200,100,000 | 250,500,000 | 209,300,000 | 186,700,000 | 182,000,000 | 187,300,000 | 177,000,000 | 187,800,000 | 167,600,000 | 186,100,000 | 171,400,000 | 177,500,000 | 165,900,000 | 180,600,000 | 156,700,000 | 154,500,000 | 131,400,000 | 149,700,000 | 139,000,000 | 136,000,000 | 110,700,000 | 143,600,000 | 137,100,000 | 172,300,000 | 169,000,000 | 160,100,000 | 154,600,000 | 158,500,000 | 148,900,000 | 170,600,000 | 152,800,000 | 158,600,000 | 148,000,000 | 182,000,000 | 160,600,000 | 166,800,000 | 144,800,000 | 162,400,000 | 159,100,000 | 186,562,000 | 159,021,000 | 165,811,000 | 144,163,000 | 128,343,000 | 103,291,000 | 103,467,000 | 76,688,000 | |
net income before income taxes | 12,800,000 | -29,600,000 | -11,200,000 | 37,000,000 | 15,900,000 | 34,600,000 | 36,700,000 | 40,000,000 | 35,300,000 | 58,100,000 | 17,400,000 | 43,800,000 | 29,000,000 | 55,900,000 | 23,800,000 | -21,400,000 | -2,500,000 | 68,400,000 | 18,600,000 | 32,400,000 | 27,600,000 | 80,400,000 | 38,300,000 | 74,300,000 | -45,300,000 | 41,400,000 | 40,900,000 | 49,700,000 | 61,800,000 | 30,500,000 | 58,300,000 | 51,300,000 | 29,400,000 | 53,000,000 | 28,900,000 | 32,600,000 | 29,500,000 | 48,400,000 | 30,400,000 | 18,100,000 | 5,802,000 | 24,311,000 | 15,797,000 | 6,977,000 | 1,801,000 | 6,248,000 | 23,645,000 | 35,269,000 | |
income tax expense | 2,600,000 | -6,200,000 | -2,900,000 | 7,300,000 | 3,100,000 | 6,300,000 | 6,400,000 | 8,300,000 | 7,000,000 | 12,500,000 | 3,400,000 | 8,900,000 | 5,400,000 | 8,800,000 | 4,700,000 | -5,800,000 | -200,000 | 13,600,000 | 3,600,000 | 6,000,000 | 4,500,000 | 16,400,000 | 7,200,000 | 14,700,000 | -10,400,000 | 9,700,000 | 8,100,000 | 9,000,000 | 10,000,000 | 4,900,000 | 10,700,000 | 8,800,000 | 3,800,000 | 21,700,000 | 7,000,000 | 7,800,000 | 6,300,000 | 12,900,000 | 7,800,000 | 4,100,000 | 3,300,000 | ||||||||
net income | 10,200,000 | -23,400,000 | -8,300,000 | 29,700,000 | 12,800,000 | 28,300,000 | 30,300,000 | 31,700,000 | 28,300,000 | 45,600,000 | 14,000,000 | 34,900,000 | 23,600,000 | 47,100,000 | 19,100,000 | -15,600,000 | -2,300,000 | 54,800,000 | 15,000,000 | 26,400,000 | 23,100,000 | 64,000,000 | 31,100,000 | 59,600,000 | -34,900,000 | 31,700,000 | 32,800,000 | 40,700,000 | 51,800,000 | 25,600,000 | 47,600,000 | 42,500,000 | 25,600,000 | 31,300,000 | 21,900,000 | 24,800,000 | 23,200,000 | 35,500,000 | 22,600,000 | 14,000,000 | 14,161,000 | 27,585,000 | 14,588,000 | 8,150,000 | 6,222,000 | 8,251,000 | 20,345,000 | 27,866,000 | |
yoy | -20.31% | -182.69% | -127.39% | -6.31% | -54.77% | -37.94% | 116.43% | -9.17% | 19.92% | -3.18% | -26.70% | -323.72% | -1126.09% | -14.05% | 27.33% | -159.09% | -109.96% | -14.38% | -51.77% | -55.70% | -166.19% | 101.89% | -5.18% | 46.44% | -167.37% | 23.83% | -31.09% | -4.24% | 102.34% | -18.21% | 117.35% | 71.37% | 10.34% | -11.83% | -3.10% | 77.14% | 63.83% | 28.69% | 54.92% | 71.78% | 127.60% | 234.32% | -28.30% | -77.67% | |||||
qoq | -143.59% | 181.93% | -127.95% | 132.03% | -54.77% | -6.60% | -4.42% | 12.01% | -37.94% | 225.71% | -59.89% | 47.88% | -49.89% | 146.60% | -222.44% | 578.26% | -104.20% | 265.33% | -43.18% | 14.29% | -63.91% | 105.79% | -47.82% | -270.77% | -210.09% | -3.35% | -19.41% | -21.43% | 102.34% | -46.22% | 12.00% | 66.02% | -18.21% | 42.92% | -11.69% | 6.90% | -34.65% | 57.08% | 61.43% | -1.14% | -48.66% | 89.09% | 78.99% | 30.99% | -24.59% | -59.44% | |||
net income margin % | 4.91% | -13.72% | -3.47% | 12.06% | 6.32% | 13.07% | 13.53% | 14.61% | 12.68% | 20.20% | 6.88% | 16.22% | 11.43% | 21.24% | 9.34% | -11.53% | -1.51% | 27.43% | 8.91% | 15.40% | 14.12% | 33.49% | 17.10% | 28.19% | -27.48% | 15.07% | 16.32% | 19.92% | 23.51% | 14.27% | 20.80% | 20.82% | 13.62% | 15.57% | 10.38% | 12.84% | 11.82% | 18.37% | 11.72% | 7.90% | 7.36% | 15.05% | 8.03% | 5.39% | 4.78% | 7.53% | 16.01% | NaN% | 24.89% |
comprehensive income | |||||||||||||||||||||||||||||||||||||||||||||||||
unrealized afs investment gains arising during the period, net of tax benefit of 4.5 and (5.7) for the three months ended march 31, 2026 and 2025, respectively | -16,700,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
reclassification adjustment for realized afs investment losses in net income, net of tax benefit of (0.1) and (0.2) for the three months ended march 31, 2026 and 2025, respectively | 400,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
other comprehensive income, net of tax | -16,300,000 | 43,900,000 | 16,600,000 | 7,500,000 | 21,800,000 | -37,200,000 | 53,700,000 | -2,100,000 | -10,900,000 | -15,400,000 | 23,800,000 | -17,800,000 | -9,400,000 | 8,800,000 | 3,400,000 | 6,700,000 | 63,400,000 | -23,700,000 | -2,800,000 | 14,800,000 | 29,700,000 | 37,300,000 | 8,800,000 | -9,200,000 | -11,300,000 | -35,400,000 | -1,000,000 | 300,000 | 7,700,000 | 8,000,000 | -43,100,000 | -5,200,000 | 8,400,000 | -796,000 | 3,455,000 | -41,300,000 | 14,850,000 | 4,888,000 | 18,150,000 | ||||||||||
total comprehensive income | -6,100,000 | 20,500,000 | 8,300,000 | 37,200,000 | 34,600,000 | -8,900,000 | 84,000,000 | 29,600,000 | 17,400,000 | 116,200,000 | -12,100,000 | 19,500,000 | 47,400,000 | 67,100,000 | -45,100,000 | 37,000,000 | 5,600,000 | 35,200,000 | 67,400,000 | 37,800,000 | 123,000,000 | -58,600,000 | 28,900,000 | 47,600,000 | 70,400,000 | 89,100,000 | 34,400,000 | 38,400,000 | 31,200,000 | -9,800,000 | 30,300,000 | 22,200,000 | 32,500,000 | 31,200,000 | -7,600,000 | 17,400,000 | 22,400,000 | 13,365,000 | 31,040,000 | -26,712,000 | 23,000,000 | 11,110,000 | 26,401,000 | ||||||
earnings per common share | |||||||||||||||||||||||||||||||||||||||||||||||||
basic | 530,000 | -970,000 | -360,000 | 1,240,000 | 520,000 | 1,140,000 | 1,220,000 | 1,250,000 | 1,120,000 | 1,760,000 | 540,000 | 1,310,000 | 870,000 | 1,710,000 | 700,000 | -560,000 | -80,000 | 1,950,000 | 530,000 | 930,000 | 810,000 | 2,160,000 | 1,060,000 | 1,980,000 | -1,140,000 | 990,000 | 1,030,000 | 1,270,000 | 1,600,000 | 780,000 | 1,450,000 | 1,290,000 | 780,000 | 960,000 | 670,000 | 760,000 | 720,000 | 3,287,810 | 700 | 440 | 450 | 880 | 470 | 260 | 190 | 210 | 440 | ||
diluted | 520,000 | -960,000 | -360,000 | 1,230,000 | 520,000 | 1,140,000 | 1,210,000 | 1,250,000 | 1,110,000 | 1,740,000 | 540,000 | 1,300,000 | 860,000 | 1,700,000 | 700,000 | -560,000 | -80,000 | 1,930,000 | 530,000 | 920,000 | 800,000 | 2,140,000 | 1,050,000 | 1,970,000 | -1,140,000 | 980,000 | 1,010,000 | 1,250,000 | 1,570,000 | 760,000 | 1,430,000 | 1,280,000 | 770,000 | 940,000 | 660,000 | 750,000 | 700,000 | 3,237,840 | 690 | 430 | 440 | 860 | 460 | 260 | 190 | 210 | 440 | ||
cash dividends declared per common share and eligible equity plan awards | 320,000 | 320,000 | 320,000 | 320,000 | 300,000 | 300,000 | 300,000 | 442,500 | 260,000 | 1,260,000 | |||||||||||||||||||||||||||||||||||||||
net realized and unrealized gains on investments | -49,700,000 | 21,200,000 | 20,900,000 | -12,800,000 | -400,000 | 10,900,000 | 2,200,000 | 11,400,000 | 12,000,000 | -7,100,000 | 11,300,000 | 6,400,000 | 13,700,000 | 1,900,000 | -50,100,000 | -17,300,000 | 25,000,000 | 2,700,000 | 16,000,000 | 10,900,000 | 21,300,000 | 19,100,000 | 39,700,000 | -61,100,000 | 17,800,000 | 2,600,000 | 7,400,000 | 23,300,000 | -26,300,000 | 15,600,000 | 5,700,000 | -8,000,000 | |||||||||||||||||
other non-recurring expenses | 1,100,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
unrealized afs investment gains arising during the period, net of tax expense of (3.9) and (13.9) for the three months ended september 30, 2025 and 2024, respectively, and (11.5) and (9.5) for the nine months ended september 30, 2025 and 2024, respectively | 10,775,000 | 14,600,000 | |||||||||||||||||||||||||||||||||||||||||||||||
reclassification adjustment for realized afs investment losses in net income, net of tax benefit of (0.5) and (0.4) for the three months ended september 30, 2025 and 2024, respectively, and (0.7) and (1.3) for the nine months ended september 30, 2025 and 2024, respectively | 700,000 | 2,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||
unrealized afs investment gains arising during the period, net of tax benefit of (2.0) and 1.4 for the three months ended june 30, 2025 and 2024, respectively, and (7.7) and 4.4 for the six months ended june 30, 2025 and 2024, respectively | 7,400,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
reclassification adjustment for realized afs investment losses in net income, net of tax benefit of (0.7) for the three months ended june 30, 2024, and (0.2) and (0.9) for the six months ended june 30, 2025 and 2024, respectively | 100,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
unrealized afs investment gains arising during the period, net of tax benefit of (5.7) and 3.0 for the three months ended march 31, 2025 and 2024, respectively | 21,100,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
reclassification adjustment for realized afs investment losses in net income, net of tax benefit of (0.2) for each of the three months ended march 31, 2025 and 2024 | 700,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
underwriting and general and administrative expenses | 46,300,000 | 43,200,000 | 41,400,000 | 45,800,000 | 46,300,000 | 43,500,000 | 46,000,000 | 44,400,000 | 46,700,000 | 41,900,000 | 39,400,000 | 39,300,000 | 39,200,000 | 37,400,000 | 37,000,000 | 46,600,000 | 43,400,000 | 46,400,000 | 44,800,000 | 46,700,000 | |||||||||||||||||||||||||||||
other expenses | 1,600,000 | 9,400,000 | 1,100,000 | 100,000 | 2,900,000 | 100,000 | 700,000 | 7,500,000 | |||||||||||||||||||||||||||||||||||||||||
unrealized afs investment gains arising during the period, net of tax benefit of (13.9) and 7.3 for the three months ended september 30, 2024 and 2023, respectively, and (9.5) and 5.3 for the nine months ended september 30, 2024 and 2023, respectively | 8,925,000 | 52,200,000 | |||||||||||||||||||||||||||||||||||||||||||||||
reclassification adjustment for realized afs investment losses in net income, net of tax benefit of (0.4) and (0.3) for the three months ended september 30, 2024 and 2023, respectively, and (1.3) and (0.6) for the nine months ended september 30, 2024 and 2023, respectively | 1,250,000 | 1,500,000 | |||||||||||||||||||||||||||||||||||||||||||||||
unrealized afs investment gains arising during the period, net of tax benefit of 1.4 and 4.1 for the three months ended june 30, 2024 and 2023, respectively, and 4.4 and (1.9) for the six months ended june 30, 2024 and 2023, respectively | -4,900,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
reclassification adjustment for realized afs investment losses in net income, net of tax benefit of (0.7) for the three months ended june 30, 2024, and (0.9) and (0.4) for the six months ended june 30, 2024 and 2023, respectively | 2,800,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
cash dividends declared per common share and eligible plan awards | 300,000 | 280,000 | 280,000 | 280,000 | 280,000 | 260,000 | |||||||||||||||||||||||||||||||||||||||||||
unrealized afs investment gains arising during the period, net of tax benefit of 3.0 and (6.0) for the three months ended march 31, 2024 and 2023, respectively | -11,600,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
reclassification adjustment for realized afs investment losses in net income, net of tax benefit of (0.2) and (0.3) for the three months ended march 31, 2024 and 2023, respectively | 700,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
unrealized afs investment losses arising during the period, net of tax benefit of 7.3 and 16.0 for the three months ended september 30, 2023 and 2022, respectively, and 5.3 and 59.0 for the nine months ended september 30, 2023 and 2022, respectively | -5,000,000 | -27,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||
reclassification adjustment for realized afs investment losses in net income, net of tax expense of (0.3) and 1.1 for the three months ended september 30, 2023 and 2022, and (0.6) and (0.7) for the nine months ended september 30, 2023 and 2022, respectively | 575,000 | 900,000 | |||||||||||||||||||||||||||||||||||||||||||||||
other comprehensive loss, net of tax | -4,425,000 | -26,100,000 | -54,875,000 | -64,200,000 | -67,100,000 | -88,200,000 | -36,100,000 | ||||||||||||||||||||||||||||||||||||||||||
unrealized afs investment gains arising during the period, net of tax benefit of 4.1 and 19.5 for the three months ended june 30, 2023 and 2022, respectively, and (1.9) and 43.0 for the six months ended june 30, 2023 and 2022, respectively | -15,500,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
reclassification adjustment for realized afs investment losses in net income, net of tax (benefit) of (1.7) for the three months ended june 30, 2022, and (0.4) and (1.8) for the six months ended june 30, 2023 and 2022, respectively | 100,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
unrealized afs investment gains arising during the period, net of tax benefit of (6.0) and 23.4 for the three months ended march 31, 2023 and 2022, respectively | 22,500,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
reclassification adjustment for realized afs investment losses in net income, net of tax (benefit) of (0.3) for the three months ended march 31, 2023 | 1,300,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
unrealized afs investment losses arising during the period, net of tax benefit of 16.0 and 2.2 for the three months ended september 30, 2022 and 2021, respectively, and 59.0 and 8.9 for the nine months ended september 30, 2022 and 2021,respectively | -55,550,000 | -60,300,000 | |||||||||||||||||||||||||||||||||||||||||||||||
reclassification adjustment for realized afs investment losses in net income, net of tax expense of 1.1 and 0.2 for the three months ended september 30, 2022 and 2021, respectively and (0.7) and 0.8 for the nine months ended september 30, 2022 and 2021, respectively | 675,000 | -3,900,000 | |||||||||||||||||||||||||||||||||||||||||||||||
net realized and unrealized gains on investments before impairments | 13,700,000 | 1,900,000 | -50,100,000 | -17,300,000 | 25,000,000 | 2,700,000 | 16,000,000 | 10,900,000 | 21,300,000 | 19,100,000 | 39,700,000 | -61,100,000 | 17,800,000 | 2,600,000 | 7,400,000 | 23,300,000 | -25,000,000 | 15,600,000 | 5,700,000 | -6,000,000 | |||||||||||||||||||||||||||||
comprehensive loss | |||||||||||||||||||||||||||||||||||||||||||||||||
unrealized afs investment gains arising during the period, net of tax benefit of 19.5 and (2.7) for the three months ended june 30, 2022 and 2021, respectively, and 43.0 and 6.7 for the six months ended june 30, 2022 and 2021,respectively | -73,500,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
reclassification adjustment for realized afs investment losses in net income, net of tax expense of (1.7) and 0.4 for the three months ended june 30, 2022 and 2021, respectively and (1.8) and 0.6 for the six months ended june 30, 2022 and 2021, respectively | 6,400,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
total comprehensive loss | -82,700,000 | -90,500,000 | -13,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||
unrealized afs investment losses arising during the period, net of tax benefit of 23.4 and 9.4 for the three months ended march 31, 2022 and 2021, respectively) | -88,400,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
reclassification adjustment for realized afs investment losses in net income, net of tax expense of 0.2 for the three months ended march 31, 2021 | 200,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
cash dividends declared per common share and eligible equity plan holders | 250,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
unrealized afs investment gains arising during the period, net of tax benefit of 2.2 and (2.2) for the three months ended september 30, 2021 and 2020, respectively, and 8.9 and (12.9) for the nine months ended september 30, 2021 and 2020, respectively. | -8,450,000 | -8,800,000 | |||||||||||||||||||||||||||||||||||||||||||||||
reclassification adjustment for realized afs investment gains in net income, net of tax expense of 0.2 and 0.4 for the three months ended september 30, 2021 and 2020, respectively and 0.8 and 0.5 for the nine months ended september 30, 2021 and 2020, respectively. | -725,000 | -600,000 | |||||||||||||||||||||||||||||||||||||||||||||||
cash dividends declared per common share, vested rsus and vested psus | 187,500 | 250,000 | |||||||||||||||||||||||||||||||||||||||||||||||
unrealized afs investment gains arising during the period | 10,400,000 | 12,050,000 | 8,000,000 | 69,300,000 | -29,200,000 | 21,025,000 | 16,400,000 | 29,900,000 | 37,800,000 | -14,075,000 | -9,200,000 | -11,300,000 | -35,800,000 | ||||||||||||||||||||||||||||||||||||
reclassification adjustment for realized afs investment gains in net income | -1,600,000 | -450,000 | -1,300,000 | -5,900,000 | |||||||||||||||||||||||||||||||||||||||||||||
cash dividends declared per common share, rsus and psus | 250,000 | 250,000 | 187,500 | 250,000 | |||||||||||||||||||||||||||||||||||||||||||||
unrealized afs investment losses arising during the period | -35,500,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
reclassification adjustment for realized afs investment losses in net income | -600,000 | 5,500,000 | -800,000 | -1,600,000 | -200,000 | -500,000 | 1,000,000 | 400,000 | |||||||||||||||||||||||||||||||||||||||||
other than temporary impairment recognized in earnings | -500,000 | -2,000,000 | -50,000 | -200,000 | -1,325,000 | ||||||||||||||||||||||||||||||||||||||||||||
cash dividends declared per common share and eligible rsus and psus | 250,000 | 250,000 | 220,000 | 220,000 | 220,000 | 220,000 | 200,000 | 200,000 | 200,000 | 200,000 | 112,500 | 150,000 | 150,000 | 150,000 | |||||||||||||||||||||||||||||||||||
underwriting and other operating expenses | 34,150,000 | 45,300,000 | 43,800,000 | 47,500,000 | 40,400,000 | 38,800,000 | 40,100,000 | 39,200,000 | 37,800,000 | 33,600,000 | 32,600,000 | 35,900,000 | 34,500,000 | 31,700,000 | 33,500,000 | 29,042,000 | 32,493,000 | 32,249,000 | 29,280,000 | 32,142,000 | 26,200,000 | 32,452,000 | |||||||||||||||||||||||||||
gain on redemption of notes payable | 2,100,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
net realized gains on investments | 4,100,000 | 1,100,000 | 2,200,000 | 2,100,000 | 1,600,000 | 1,200,000 | |||||||||||||||||||||||||||||||||||||||||||
interest expense | 300,000 | 300,000 | 400,000 | 400,000 | 400,000 | 400,000 | 700,000 | 826,000 | 815,000 | 797,000 | 896,000 | 902,000 | 908,000 | 1,825,000 | |||||||||||||||||||||||||||||||||||
unrealized gains arising during the period | 5,225,000 | 3,000,000 | 8,400,000 | ||||||||||||||||||||||||||||||||||||||||||||||
reclassification adjustment for realized gains in net income | -1,200,000 | -2,700,000 | -700,000 | -1,400,000 | -1,475,000 | -1,000,000 | -800,000 | -2,466,000 | -699,000 | -2,513,000 | |||||||||||||||||||||||||||||||||||||||
net realized gains on investments before impairments | 1,900,000 | 4,100,000 | |||||||||||||||||||||||||||||||||||||||||||||||
net realized gains on investments before credit related impairments | 1,100,000 | 2,400,000 | 3,600,000 | 1,600,000 | |||||||||||||||||||||||||||||||||||||||||||||
unrealized gains during the period | 9,400,000 | 9,200,000 | 16,045,000 | 10,794,000 | |||||||||||||||||||||||||||||||||||||||||||||
unrealized | -41,700,000 | -4,200,000 | |||||||||||||||||||||||||||||||||||||||||||||||
cash dividends declared per common share | 359,730 | 90 | 60 | 60 | 60 | 60 | 60 | 60 | 60 | 60 | |||||||||||||||||||||||||||||||||||||||
net realized gains on investments before credit related impairments on fixed maturity securities | 1,200,000 | 1,450,750 | 1,075,000 | 3,934,000 | 1,838,000 | 2,246,000 | 1,102,000 | ||||||||||||||||||||||||||||||||||||||||||
other than temporary impairment, credit losses recognized in earnings | -68,000 | -468,000 | |||||||||||||||||||||||||||||||||||||||||||||||
realized gains on investments | 3,794,000 | 1,075,000 | 3,866,000 | 1,838,000 | 1,778,000 | 1,102,000 | 190,000 | ||||||||||||||||||||||||||||||||||||||||||
income tax benefit | -8,359,000 | -3,274,000 | 1,209,000 | -1,173,000 | -2,003,000 | ||||||||||||||||||||||||||||||||||||||||||||
unrealized gains | -8,651,750 | 4,154,000 | -38,787,000 | 6,044,000 | |||||||||||||||||||||||||||||||||||||||||||||
policyholder dividends | 867,000 | 847,000 | |||||||||||||||||||||||||||||||||||||||||||||||
less: reclassification adjustment for realized gains in net income | 1,195,000 | 1,156,000 | 1,102,000 | ||||||||||||||||||||||||||||||||||||||||||||||
portion of impairment recognized in other comprehensive income | |||||||||||||||||||||||||||||||||||||||||||||||||
income tax | -4,421,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
dividends to policyholders | 914,000 | 1,861,000 | |||||||||||||||||||||||||||||||||||||||||||||||
unrealized gains during the period, before taxes | 29,660,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
other comprehensive income, before tax | 28,558,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
income tax expense related to: | |||||||||||||||||||||||||||||||||||||||||||||||||
realized gains in net income | 386,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
realized losses on investments | -392,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
net realized losses on investments | -392,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
net realized losses on investments before credit related impairments on fixed maturity securities | -264,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
total other-than-temporary impairments on securities | -128,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
credit related impairments included in net realized losses on investments | -128,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
underwriting and other operating expense | 23,300,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
income taxes | 7,403,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
net income after date of conversion | 21,395,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
basic and diluted | 400 |
Balance Sheets:
Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-09-30 | 2018-06-30 | 2018-03-31 | 2017-12-31 | 2017-09-30 | 2017-06-30 | 2017-03-31 | 2016-12-31 | 2016-09-30 | 2015-03-31 | 2014-03-31 | 2013-12-31 | 2013-09-30 | 2013-06-30 | 2012-09-30 | 2012-03-31 | 2011-06-30 | 2009-06-30 | 2008-12-31 | 2007-03-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
assets | ||||||||||||||||||||||||||||||||||||||||||||||||||
investments: | ||||||||||||||||||||||||||||||||||||||||||||||||||
fixed maturity securities at fair value | 2,033,700,000 | 2,040,700,000 | 1,979,500,000 | 2,077,000,000 | 2,087,400,000 | 2,097,400,000 | 2,065,800,000 | 2,009,400,000 | 2,013,800,000 | 1,936,300,000 | 1,997,200,000 | 2,161,900,000 | 2,248,300,000 | 2,186,300,000 | 2,235,100,000 | 2,190,300,000 | 2,271,000,000 | 2,342,700,000 | 2,361,700,000 | 2,418,300,000 | 2,485,400,000 | 2,479,200,000 | 2,442,600,000 | 2,451,400,000 | 2,367,400,000 | 2,485,900,000 | 2,480,800,000 | 2,517,700,000 | 2,521,000,000 | 2,496,400,000 | 2,394,600,000 | 2,401,200,000 | 2,434,800,000 | 2,463,400,000 | 2,416,100,000 | 2,418,700,000 | 2,395,300,000 | 2,344,400,000 | 2,383,900,000 | 2,360,100,000 | 2,211,159,000 | 2,182,546,000 | 2,101,357,000 | 2,070,027,000 | 1,905,590,000 | 1,881,346,000 | 1,931,118,000 | 1,989,627,000 | ||
equity securities at fair value | 183,300,000 | 184,000,000 | 282,800,000 | 268,100,000 | 248,500,000 | 254,100,000 | 256,200,000 | 232,600,000 | 224,300,000 | 211,200,000 | 193,000,000 | 204,200,000 | 204,100,000 | 197,000,000 | 182,200,000 | 265,800,000 | 296,800,000 | 338,800,000 | 291,300,000 | 257,000,000 | 229,700,000 | 208,500,000 | 188,700,000 | 216,300,000 | 205,700,000 | 256,700,000 | 284,700,000 | 239,100,000 | 230,000,000 | 199,900,000 | 189,600,000 | 197,700,000 | 194,000,000 | 210,300,000 | 203,200,000 | 199,700,000 | 199,800,000 | 192,200,000 | 184,500,000 | 172,600,000 | 163,928,000 | 162,312,000 | 147,595,000 | 140,369,000 | 128,158,000 | 125,126,000 | 85,089,000 | 60,805,000 | 58,526,000 | 102,004,000 |
equity securities at cost | 7,500,000 | 7,500,000 | 7,500,000 | 7,500,000 | 5,700,000 | 5,700,000 | 5,700,000 | 5,700,000 | 6,000,000 | 6,000,000 | 6,000,000 | 6,000,000 | 6,700,000 | 6,700,000 | 6,300,000 | 5,300,000 | 5,600,000 | 5,600,000 | 5,700,000 | 6,700,000 | 6,700,000 | 6,700,000 | 6,700,000 | 6,700,000 | 6,700,000 | 6,700,000 | 6,700,000 | 6,700,000 | 6,400,000 | 6,400,000 | 6,400,000 | 6,400,000 | 4,700,000 | |||||||||||||||||
other invested assets | 95,800,000 | 96,500,000 | 104,300,000 | 98,600,000 | 95,400,000 | 106,600,000 | 99,700,000 | 97,500,000 | 97,600,000 | 91,500,000 | 90,900,000 | 83,400,000 | 72,600,000 | 59,700,000 | 58,400,000 | 47,800,000 | 40,400,000 | 38,400,000 | 53,000,000 | 45,800,000 | 42,400,000 | 36,200,000 | 32,800,000 | 33,300,000 | 31,400,000 | 29,100,000 | 24,700,000 | 2,000,000 | ||||||||||||||||||||||
short-term investments at fair value | 14,600,000 | 10,100,000 | 5,600,000 | 9,000,000 | 100,000 | 30,600,000 | 30,900,000 | 38,200,000 | 33,100,000 | 46,800,000 | 16,300,000 | 58,600,000 | 119,100,000 | 3,200,000 | 3,200,000 | 10,500,000 | 300,000 | 300,000 | 1,000,000 | 26,600,000 | 45,800,000 | 43,100,000 | 9,300,000 | 25,000,000 | 34,900,000 | 4,000,000 | 5,500,000 | 5,500,000 | 15,400,000 | 16,000,000 | 14,000,000 | 9,000,000 | 8,562,000 | 75,024,000 | ||||||||||||||||
total investments | 2,334,900,000 | 2,338,800,000 | 2,379,700,000 | 2,460,200,000 | 2,437,000,000 | 2,463,900,000 | 2,458,000,000 | 2,376,100,000 | 2,379,900,000 | 2,278,100,000 | 2,333,900,000 | 2,471,800,000 | 2,590,300,000 | 2,568,800,000 | 2,482,000,000 | 2,512,400,000 | 2,617,000,000 | 2,736,000,000 | 2,712,000,000 | 2,728,100,000 | 2,765,200,000 | 2,757,200,000 | 2,716,600,000 | 2,750,800,000 | 2,620,500,000 | 2,778,400,000 | 2,796,900,000 | 2,765,500,000 | 2,757,400,000 | 2,727,700,000 | 2,590,600,000 | 2,605,300,000 | 2,668,400,000 | 2,677,700,000 | 2,624,800,000 | 2,623,900,000 | 2,610,500,000 | 2,552,600,000 | 2,582,400,000 | 2,541,700,000 | 2,375,087,000 | 2,344,858,000 | 2,248,952,000 | 2,210,396,000 | 2,033,748,000 | 2,006,472,000 | 2,016,207,000 | 2,058,994,000 | 2,042,941,000 | 1,768,568,000 |
cash and cash equivalents | 153,100,000 | 159,800,000 | 166,800,000 | 69,100,000 | 100,400,000 | 68,300,000 | 143,300,000 | 95,500,000 | 114,200,000 | 226,400,000 | 108,800,000 | 66,200,000 | 86,700,000 | 89,200,000 | 148,100,000 | 129,100,000 | 130,500,000 | 75,100,000 | 95,600,000 | 107,600,000 | 85,400,000 | 160,400,000 | 237,300,000 | 131,800,000 | 174,100,000 | 154,900,000 | 140,300,000 | 105,500,000 | 92,300,000 | 101,400,000 | 203,000,000 | 146,300,000 | 56,300,000 | 73,300,000 | 69,400,000 | 42,600,000 | 58,600,000 | 67,200,000 | 84,100,000 | 45,600,000 | 51,118,000 | 34,503,000 | 99,823,000 | 97,060,000 | 243,242,000 | 201,555,000 | 201,882,000 | 217,031,000 | 202,893,000 | 66,479,000 |
restricted cash and cash equivalents | 200,000 | 200,000 | 200,000 | 200,000 | 200,000 | 200,000 | 200,000 | 200,000 | 200,000 | 200,000 | 200,000 | 200,000 | 200,000 | 200,000 | 200,000 | 1,200,000 | 200,000 | 200,000 | 200,000 | 200,000 | 200,000 | 200,000 | 300,000 | 300,000 | 300,000 | 300,000 | 300,000 | 300,000 | 2,500,000 | 600,000 | 2,000,000 | 1,000,000 | 900,000 | 1,000,000 | 1,100,000 | 400,000 | 4,100,000 | 3,600,000 | 2,700,000 | 8,400,000 | 8,935,000 | 6,564,000 | 6,078,000 | 4,602,000 | 5,462,000 | 10,611,000 | 5,132,000 | |||
accrued investment income | 15,000,000 | 15,500,000 | 13,900,000 | 15,700,000 | 14,600,000 | 15,700,000 | 15,800,000 | 16,700,000 | 16,500,000 | 16,300,000 | 18,500,000 | 18,500,000 | 20,600,000 | 19,000,000 | 19,700,000 | 15,900,000 | 17,900,000 | 14,500,000 | 17,000,000 | 15,500,000 | 17,200,000 | 15,300,000 | 17,200,000 | 16,200,000 | 16,800,000 | 16,400,000 | 17,500,000 | 16,900,000 | 18,200,000 | 18,000,000 | 19,000,000 | 18,600,000 | 18,900,000 | 19,600,000 | 19,300,000 | 20,500,000 | 20,100,000 | 20,600,000 | 20,300,000 | 19,200,000 | 19,381,000 | 20,255,000 | 19,100,000 | 19,786,000 | 18,595,000 | 18,901,000 | 21,956,000 | 24,019,000 | 24,201,000 | 18,504,000 |
premiums receivable | 337,400,000 | 335,400,000 | 364,700,000 | 382,000,000 | 377,000,000 | 361,300,000 | 378,800,000 | 399,800,000 | 380,400,000 | 359,400,000 | 363,300,000 | 352,300,000 | 326,100,000 | 305,900,000 | 301,000,000 | 282,400,000 | 258,200,000 | 244,700,000 | 250,800,000 | 251,300,000 | 243,700,000 | 232,100,000 | 251,600,000 | 284,200,000 | 292,200,000 | 285,700,000 | 314,700,000 | 342,700,000 | 352,700,000 | 333,100,000 | 352,700,000 | 355,600,000 | 350,000,000 | 326,700,000 | 331,500,000 | 333,100,000 | 323,800,000 | 304,700,000 | 317,100,000 | 296,300,000 | 294,077,000 | 282,940,000 | 285,329,000 | 225,064,000 | 186,361,000 | |||||
reinsurance recoverable for: | ||||||||||||||||||||||||||||||||||||||||||||||||||
paid losses | 5,400,000 | 5,900,000 | 5,700,000 | 7,100,000 | 6,600,000 | 6,300,000 | 6,600,000 | 6,300,000 | 6,700,000 | 6,300,000 | 11,500,000 | 6,800,000 | 7,200,000 | 6,800,000 | 7,300,000 | 7,300,000 | 7,500,000 | 7,500,000 | 7,000,000 | 6,900,000 | 7,200,000 | 7,600,000 | 7,700,000 | 7,600,000 | 7,500,000 | 7,200,000 | 7,100,000 | 6,500,000 | 6,700,000 | 6,700,000 | 7,900,000 | 7,600,000 | 6,900,000 | 7,200,000 | 7,800,000 | 8,400,000 | 8,100,000 | 8,700,000 | 8,300,000 | 7,900,000 | 8,266,000 | 8,412,000 | 8,946,000 | 9,458,000 | 9,299,000 | 10,719,000 | 10,820,000 | 11,370,000 | 12,723,000 | 10,775,000 |
unpaid losses | 382,300,000 | 385,700,000 | 391,900,000 | 400,200,000 | 406,300,000 | 411,500,000 | 412,200,000 | 417,400,000 | 423,100,000 | 427,500,000 | 425,700,000 | 435,300,000 | 439,400,000 | 444,500,000 | 455,800,000 | 461,800,000 | 471,100,000 | 476,300,000 | 477,800,000 | 482,900,000 | 491,900,000 | 496,600,000 | 513,300,000 | 523,200,000 | 526,600,000 | 532,500,000 | 527,100,000 | 484,200,000 | 498,700,000 | 504,400,000 | 511,800,000 | 512,500,000 | 531,100,000 | 537,000,000 | 553,100,000 | 559,800,000 | 572,900,000 | 580,000,000 | 591,500,000 | 779,842,000 | 801,149,000 | 912,877,000 | 929,349,000 | 936,554,000 | ||||||
deferred policy acquisition costs | 57,100,000 | 57,100,000 | 62,600,000 | 64,000,000 | 63,800,000 | 59,600,000 | 60,900,000 | 62,300,000 | 59,400,000 | 55,600,000 | 57,100,000 | 55,600,000 | 52,200,000 | 48,300,000 | 49,700,000 | 48,400,000 | 46,400,000 | 43,700,000 | 46,400,000 | 45,900,000 | 44,100,000 | 43,200,000 | 46,600,000 | 49,300,000 | 51,600,000 | 47,900,000 | 51,200,000 | 52,300,000 | 52,500,000 | 48,200,000 | 50,800,000 | 51,700,000 | 50,800,000 | 45,800,000 | 48,100,000 | 49,600,000 | 48,100,000 | 44,300,000 | 46,800,000 | 46,700,000 | 46,423,000 | 43,532,000 | 45,682,000 | 45,608,000 | 40,343,000 | 38,763,000 | 37,025,000 | 30,674,000 | 32,365,000 | 14,663,000 |
federal income taxes recoverable | 15,000,000 | 16,100,000 | 972,000 | 6,392,000 | 6,000,000 | 11,042,000 | ||||||||||||||||||||||||||||||||||||||||||||
deferred income tax asset | 18,800,000 | 18,400,000 | 29,400,000 | 35,000,000 | 26,200,000 | 42,100,000 | 42,100,000 | 64,200,000 | 55,600,000 | 53,600,000 | 71,200,000 | 50,000,000 | ||||||||||||||||||||||||||||||||||||||
property and equipment | 6,500,000 | 6,500,000 | 7,200,000 | 7,700,000 | 7,700,000 | 7,800,000 | 7,000,000 | 6,700,000 | 6,600,000 | 6,500,000 | 7,000,000 | 7,200,000 | 11,200,000 | 12,000,000 | 12,800,000 | 13,400,000 | 14,000,000 | 14,700,000 | 15,500,000 | 16,600,000 | 18,100,000 | 19,100,000 | 20,200,000 | 21,200,000 | 21,600,000 | 21,900,000 | 23,900,000 | 22,800,000 | 21,800,000 | 18,200,000 | 16,500,000 | 20,300,000 | 14,800,000 | 13,900,000 | 15,000,000 | 24,300,000 | 23,900,000 | 22,200,000 | 22,600,000 | 20,300,000 | 16,228,000 | 16,616,000 | 16,490,000 | 15,489,000 | 12,832,000 | 11,998,000 | 11,656,000 | 12,789,000 | 14,098,000 | 14,496,000 |
operating lease right-of-use assets | 3,600,000 | 3,700,000 | 3,900,000 | 3,000,000 | 3,300,000 | 3,700,000 | 4,000,000 | 4,400,000 | 4,700,000 | 5,100,000 | 4,300,000 | 4,600,000 | 10,800,000 | 11,500,000 | 12,200,000 | 12,900,000 | 13,500,000 | 14,200,000 | 15,000,000 | 15,800,000 | 16,400,000 | 17,400,000 | 18,600,000 | 20,400,000 | 14,900,000 | 15,900,000 | 15,000,000 | 15,700,000 | 16,800,000 | |||||||||||||||||||||
intangible assets | 13,600,000 | 13,600,000 | 13,600,000 | 13,600,000 | 13,600,000 | 13,600,000 | 13,600,000 | 13,600,000 | 13,600,000 | 13,600,000 | 13,600,000 | 13,600,000 | 13,600,000 | 13,600,000 | 13,600,000 | 13,600,000 | 13,600,000 | 13,600,000 | 13,600,000 | 13,600,000 | 13,600,000 | 13,600,000 | 13,600,000 | 13,600,000 | 13,600,000 | 13,600,000 | 13,600,000 | 7,700,000 | 7,700,000 | 7,700,000 | 7,700,000 | 7,800,000 | 7,800,000 | 7,900,000 | 8,000,000 | 8,000,000 | 8,100,000 | 8,200,000 | 8,300,000 | 8,900,000 | 9,517,000 | 9,685,000 | 9,881,000 | 10,106,000 | 10,819,000 | 11,425,000 | 12,477,000 | 16,684,000 | 18,218,000 | |
goodwill | 36,200,000 | 36,200,000 | 36,200,000 | 36,200,000 | 36,200,000 | 36,200,000 | 36,200,000 | 36,200,000 | 36,200,000 | 36,200,000 | 36,200,000 | 36,200,000 | 36,200,000 | 36,200,000 | 36,200,000 | 36,200,000 | 36,200,000 | 36,200,000 | 36,200,000 | 36,200,000 | 36,200,000 | 36,200,000 | 36,200,000 | 36,200,000 | 36,200,000 | 36,200,000 | 36,200,000 | 36,200,000 | 36,200,000 | 36,200,000 | 36,200,000 | 36,200,000 | 36,200,000 | 36,200,000 | 36,200,000 | 36,200,000 | 36,200,000 | 36,200,000 | 36,200,000 | 36,200,000 | 36,192,000 | 36,192,000 | 36,192,000 | 36,192,000 | 36,192,000 | 36,192,000 | 36,192,000 | 36,192,000 | 36,192,000 | |
cloud computing arrangements | 13,600,000 | 12,900,000 | 14,900,000 | 13,700,000 | 15,500,000 | 17,300,000 | 18,800,000 | 21,200,000 | 25,200,000 | 28,000,000 | 33,200,000 | 36,700,000 | 40,000,000 | 42,900,000 | 46,900,000 | 36,500,000 | 39,400,000 | 43,900,000 | 45,600,000 | 49,000,000 | 49,700,000 | 50,200,000 | 43,000,000 | 38,900,000 | 36,500,000 | 33,600,000 | 30,400,000 | 29,500,000 | 25,100,000 | 26,000,000 | 21,800,000 | |||||||||||||||||||
other assets | 43,800,000 | 34,900,000 | 46,700,000 | 41,200,000 | 39,700,000 | 37,600,000 | 35,700,000 | 36,900,000 | 39,600,000 | 33,600,000 | 35,600,000 | 41,100,000 | 42,000,000 | 41,200,000 | 38,100,000 | 50,500,000 | 51,400,000 | 48,700,000 | 55,400,000 | 53,700,000 | 61,700,000 | 60,100,000 | 49,700,000 | 51,100,000 | 66,800,000 | 46,400,000 | 37,400,000 | 34,100,000 | 39,600,000 | 32,100,000 | 25,900,000 | 49,200,000 | 47,900,000 | 33,700,000 | 25,800,000 | 42,000,000 | 36,000,000 | 34,600,000 | 31,800,000 | 36,500,000 | 18,094,000 | 17,920,000 | 17,846,000 | 10,061,000 | 16,933,000 | 17,621,000 | 17,936,000 | 17,945,000 | 26,621,000 | 17,538,000 |
total assets | 3,436,500,000 | 3,436,600,000 | 3,526,400,000 | 3,543,300,000 | 3,556,900,000 | 3,541,300,000 | 3,617,300,000 | 3,550,000,000 | 3,562,800,000 | 3,550,400,000 | 3,527,000,000 | 3,615,600,000 | 3,744,000,000 | 3,716,700,000 | 3,708,700,000 | 3,685,500,000 | 3,753,300,000 | 3,783,200,000 | 3,801,500,000 | 3,836,700,000 | 3,864,000,000 | 3,922,600,000 | 3,985,100,000 | 4,004,000,000 | 3,912,200,000 | 4,004,100,000 | 4,024,900,000 | 3,954,300,000 | 3,973,100,000 | 3,919,200,000 | 3,898,500,000 | 3,868,500,000 | 3,847,900,000 | 3,840,100,000 | 3,835,400,000 | 3,824,800,000 | 3,833,600,000 | 3,773,400,000 | 3,824,300,000 | 3,800,700,000 | 3,698,972,000 | 3,643,449,000 | 3,645,516,000 | 3,617,475,000 | 3,587,886,000 | 3,506,091,000 | 3,498,042,000 | 3,728,851,000 | 3,756,713,000 | 3,221,188,000 |
liabilities and stockholders’ equity | ||||||||||||||||||||||||||||||||||||||||||||||||||
unpaid losses and loss adjustment expenses | 1,802,500,000 | 1,805,800,000 | 1,822,500,000 | 1,786,800,000 | 1,792,600,000 | 1,808,200,000 | 1,836,500,000 | 1,850,900,000 | 1,874,500,000 | 1,884,500,000 | 1,913,400,000 | 1,927,200,000 | 1,953,700,000 | 1,960,700,000 | 1,979,900,000 | 1,972,800,000 | 1,981,900,000 | 1,981,200,000 | 2,002,100,000 | 2,007,600,000 | 2,034,100,000 | 2,069,400,000 | 2,141,400,000 | 2,170,700,000 | 2,191,700,000 | 2,192,800,000 | 2,197,300,000 | 2,161,800,000 | 2,189,300,000 | 2,207,900,000 | 2,233,700,000 | 2,227,900,000 | 2,258,100,000 | 2,266,100,000 | 2,298,900,000 | 2,284,900,000 | 2,298,200,000 | 2,301,000,000 | 2,330,000,000 | 2,370,300,000 | 2,358,178,000 | 2,330,491,000 | 2,305,307,000 | 2,291,261,000 | 2,304,424,000 | 2,271,422,000 | 2,255,531,000 | 2,470,447,000 | 2,506,478,000 | 2,307,184,000 |
unearned premiums | 392,700,000 | 391,900,000 | 420,400,000 | 429,600,000 | 428,000,000 | 402,200,000 | 412,500,000 | 419,400,000 | 402,300,000 | 379,700,000 | 387,000,000 | 378,500,000 | 359,900,000 | 339,500,000 | 345,800,000 | 338,800,000 | 325,100,000 | 304,700,000 | 317,400,000 | 315,700,000 | 313,800,000 | 299,100,000 | 325,600,000 | 341,500,000 | 353,800,000 | 337,100,000 | 360,300,000 | 370,100,000 | 368,900,000 | 336,300,000 | 356,000,000 | 360,200,000 | 351,900,000 | 318,300,000 | 331,100,000 | 341,100,000 | 330,800,000 | 310,300,000 | 325,600,000 | 324,600,000 | 320,678,000 | 303,967,000 | 318,983,000 | 317,735,000 | 270,843,000 | 225,698,000 | 185,046,000 | 133,862,000 | 139,310,000 | 75,512,000 |
commissions and premium taxes payable | 55,200,000 | 59,900,000 | 62,100,000 | 62,800,000 | 60,300,000 | 65,800,000 | 65,400,000 | 65,200,000 | 60,900,000 | 66,000,000 | 62,800,000 | 56,800,000 | 52,700,000 | 58,200,000 | 53,400,000 | 46,500,000 | 41,900,000 | 42,100,000 | 41,700,000 | 39,200,000 | 38,300,000 | 43,000,000 | 45,500,000 | 48,500,000 | 47,600,000 | 48,600,000 | 52,000,000 | 55,000,000 | 53,800,000 | 57,300,000 | 59,800,000 | 58,900,000 | 55,800,000 | 55,300,000 | 53,000,000 | 52,000,000 | 49,300,000 | 48,800,000 | 50,500,000 | 45,500,000 | 44,531,000 | 45,314,000 | 44,493,000 | 42,611,000 | 38,485,000 | 31,267,000 | 23,529,000 | 12,653,000 | 12,691,000 | 7,591,000 |
accounts payable and accrued expenses | 19,300,000 | 23,400,000 | 17,500,000 | 17,000,000 | 18,700,000 | 21,200,000 | 22,000,000 | 18,700,000 | 18,200,000 | 26,100,000 | 22,300,000 | 19,700,000 | 20,400,000 | 28,700,000 | 21,400,000 | 21,800,000 | 21,700,000 | 24,100,000 | 21,200,000 | 23,900,000 | 23,300,000 | 22,900,000 | 23,200,000 | 23,500,000 | 27,100,000 | 29,800,000 | 27,300,000 | 23,400,000 | 24,600,000 | 37,100,000 | 24,600,000 | 23,400,000 | 21,600,000 | 23,700,000 | 19,800,000 | 20,300,000 | 21,000,000 | 24,200,000 | 17,500,000 | 16,900,000 | 17,116,000 | 18,711,000 | 20,333,000 | 15,758,000 | 16,834,000 | 17,357,000 | 19,876,000 | 20,844,000 | 24,192,000 | 9,112,000 |
deferred reinsurance gain—lpt agreement | 86,800,000 | 88,000,000 | 89,400,000 | 90,700,000 | 92,400,000 | 94,000,000 | 93,800,000 | 95,300,000 | 97,200,000 | 99,200,000 | 100,200,000 | 102,100,000 | 104,100,000 | 106,100,000 | 108,100,000 | 110,200,000 | 112,300,000 | 114,400,000 | 119,200,000 | 121,300,000 | 123,300,000 | 125,400,000 | 129,700,000 | 132,200,000 | 134,700,000 | 137,100,000 | 139,400,000 | 141,700,000 | 147,100,000 | 149,600,000 | 152,100,000 | 154,700,000 | 161,000,000 | 163,600,000 | 166,400,000 | 168,900,000 | 171,900,000 | 174,900,000 | 177,800,000 | 204,100,000 | 245,197,000 | 249,072,000 | 260,602,000 | 274,183,000 | 341,564,000 | 349,038,000 | 361,560,000 | 406,581,000 | ||
short-term debt | 16,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
operating lease liability | 3,800,000 | 3,900,000 | 4,100,000 | 3,400,000 | 3,800,000 | 4,200,000 | 4,700,000 | 5,100,000 | 5,500,000 | 5,900,000 | 5,100,000 | 5,400,000 | 12,800,000 | 13,600,000 | 14,300,000 | 15,000,000 | 15,700,000 | 16,600,000 | 17,500,000 | 18,400,000 | 19,100,000 | 19,900,000 | 20,900,000 | 22,200,000 | 16,800,000 | 17,800,000 | 17,100,000 | 17,800,000 | 19,000,000 | |||||||||||||||||||||
non-cancellable obligations | 6,400,000 | 7,700,000 | 10,400,000 | 9,900,000 | 11,800,000 | 13,800,000 | 11,100,000 | 12,100,000 | 14,100,000 | 17,000,000 | 18,500,000 | 20,400,000 | 23,500,000 | 26,100,000 | 27,800,000 | 15,500,000 | 19,700,000 | 21,700,000 | 23,200,000 | 23,800,000 | 24,200,000 | 24,100,000 | 22,900,000 | 19,400,000 | 21,300,000 | 23,000,000 | 20,400,000 | 20,200,000 | 17,400,000 | 18,800,000 | 18,200,000 | |||||||||||||||||||
long-term debt | 125,000,000 | 19,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
other liabilities | 78,300,000 | 65,300,000 | 60,800,000 | 60,000,000 | 69,600,000 | 63,200,000 | 77,900,000 | 60,400,000 | 71,200,000 | 58,100,000 | 58,300,000 | 48,100,000 | 60,300,000 | 57,100,000 | 56,500,000 | 61,400,000 | 65,700,000 | 57,600,000 | 62,000,000 | 73,500,000 | 78,900,000 | 70,500,000 | 73,500,000 | 67,000,000 | 61,900,000 | 52,100,000 | 50,700,000 | 42,800,000 | 61,300,000 | 74,000,000 | 42,900,000 | 66,900,000 | 49,200,000 | 45,400,000 | 29,100,000 | 38,400,000 | 44,900,000 | 41,600,000 | 40,800,000 | 37,800,000 | 23,411,000 | 25,191,000 | 27,269,000 | 41,987,000 | 17,095,000 | 19,855,000 | 17,393,000 | 31,181,000 | 31,996,000 | 13,473,000 |
total liabilities | 2,570,000,000 | 2,480,900,000 | 2,487,200,000 | 2,460,200,000 | 2,481,200,000 | 2,472,600,000 | 2,523,900,000 | 2,527,100,000 | 2,543,900,000 | 2,536,500,000 | 2,608,000,000 | 2,663,900,000 | 2,769,900,000 | 2,772,500,000 | 2,789,700,000 | 2,708,000,000 | 2,644,000,000 | 2,570,100,000 | 2,611,600,000 | 2,633,100,000 | 2,677,400,000 | 2,709,800,000 | 2,817,700,000 | 2,860,000,000 | 2,854,900,000 | 2,838,300,000 | 2,864,500,000 | 2,832,800,000 | 2,901,400,000 | 2,901,000,000 | 2,907,300,000 | 2,912,000,000 | 2,917,600,000 | 2,892,400,000 | 2,918,300,000 | 2,925,600,000 | 2,966,100,000 | 2,932,800,000 | 2,974,200,000 | 3,091,200,000 | 3,111,111,000 | 3,074,746,000 | 3,088,987,000 | 3,095,535,000 | 3,114,670,000 | 3,040,371,000 | 2,999,329,000 | 3,257,785,000 | 3,311,985,000 | 2,869,212,000 |
commitments and contingencies | ||||||||||||||||||||||||||||||||||||||||||||||||||
deferred income taxes | 14,300,000 | 38,300,000 | 43,400,000 | 62,700,000 | 22,500,000 | 7,700,000 | 15,500,000 | 19,800,000 | 100,000 | 2,200,000 | 12,900,000 | 26,900,000 | 20,600,000 | 24,400,000 | 26,500,000 | 28,700,000 | 42,800,000 | 44,900,000 | 52,100,000 | 59,400,000 | 41,100,000 | 43,400,000 | 54,673,000 | 58,062,000 | 52,356,000 | 51,291,000 | 19,803,000 | 24,656,000 | 31,468,000 | 65,852,000 | 80,968,000 | 70,842,000 | ||||||||||||||||||
liabilities and stockholders' equity | ||||||||||||||||||||||||||||||||||||||||||||||||||
claims and policy liabilities: | ||||||||||||||||||||||||||||||||||||||||||||||||||
federal income taxes payable | 4,000,000 | 61,000 | 17,442,000 | |||||||||||||||||||||||||||||||||||||||||||||||
contingent commission receivable–lpt agreement | 14,200,000 | 13,900,000 | 13,900,000 | 13,400,000 | 13,200,000 | 32,000,000 | 31,400,000 | 31,100,000 | 25,104,000 | |||||||||||||||||||||||||||||||||||||||||
contingent commission receivable—lpt agreement | 14,600,000 | 14,400,000 | 13,900,000 | 13,900,000 | 13,900,000 | 13,900,000 | 13,900,000 | 13,900,000 | 13,400,000 | 13,400,000 | 13,400,000 | 13,200,000 | 13,200,000 | 13,200,000 | 13,200,000 | 32,200,000 | 32,000,000 | 32,000,000 | 32,000,000 | 31,400,000 | 31,100,000 | 31,100,000 | 31,100,000 | 31,100,000 | 26,600,000 | 25,528,000 | 21,388,000 | 20,948,000 | ||||||||||||||||||||||
fhlb advances | 40,400,000 | 105,700,000 | 182,500,000 | 182,500,000 | 182,500,000 | 126,000,000 | 60,000,000 | 15,000,000 | 20,000,000 | 35,000,000 | 35,000,000 | |||||||||||||||||||||||||||||||||||||||
deferred income tax liability | 7,300,000 | 9,700,000 | 7,400,000 | |||||||||||||||||||||||||||||||||||||||||||||||
unsettled sales of investments | 46,000,000 | 21,400,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
notes payable | 20,000,000 | 20,000,000 | 20,000,000 | 20,000,000 | 20,000,000 | 20,000,000 | 20,000,000 | 20,000,000 | 32,000,000 | 32,000,000 | 32,000,000 | 92,000,000 | 102,000,000 | 102,000,000 | 112,000,000 | 112,000,000 | 122,000,000 | 122,000,000 | 132,000,000 | 182,000,000 | 182,000,000 | |||||||||||||||||||||||||||||
stockholders’ equity: | ||||||||||||||||||||||||||||||||||||||||||||||||||
common stock, 0.01 par value... | 600,000 | 600,000 | 600,000 | 600,000 | 600,000 | 600,000 | 600,000 | 600,000 | 600,000 | 600,000 | 600,000 | 547,000 | 547,000 | 546,000 | 544,000 | 541,000 | 540,000 | 539,000 | 535,000 | 535,000 | ||||||||||||||||||||||||||||||
preferred stock, 0.01 par value... | ||||||||||||||||||||||||||||||||||||||||||||||||||
additional paid-in capital | 388,800,000 | 385,200,000 | 382,400,000 | 380,400,000 | 381,200,000 | 377,200,000 | 376,600,000 | 372,700,000 | 372,000,000 | 368,600,000 | 348,700,000 | 340,279,000 | 338,090,000 | 337,403,000 | 331,977,000 | 322,739,000 | 320,086,000 | 316,739,000 | 306,032,000 | 301,282,000 | ||||||||||||||||||||||||||||||
retained earnings | 1,030,700,000 | 1,011,900,000 | 970,800,000 | 935,000,000 | 842,200,000 | 832,400,000 | 815,400,000 | 795,400,000 | 777,200,000 | 744,500,000 | 607,500,000 | 511,067,000 | 502,198,000 | 489,916,000 | 464,210,000 | 372,390,000 | 362,972,000 | 331,316,000 | 194,509,000 | 21,395,000 | ||||||||||||||||||||||||||||||
accumulated other comprehensive income, net of tax | -13,700,000 | -22,500,000 | -13,300,000 | -2,000,000 | 107,400,000 | 90,600,000 | 90,300,000 | 82,500,000 | 74,500,000 | |||||||||||||||||||||||||||||||||||||||||
treasury stock | -388,200,000 | -384,000,000 | -384,000,000 | -383,700,000 | -383,700,000 | -383,700,000 | -383,700,000 | -383,700,000 | -383,700,000 | -381,200,000 | -362,600,000 | -362,550,000 | -362,550,000 | -362,550,000 | -362,550,000 | -362,140,000 | -339,485,000 | -249,168,000 | -89,152,000 | |||||||||||||||||||||||||||||||
total stockholders’ equity | 1,018,200,000 | 991,200,000 | 956,500,000 | 930,300,000 | 947,700,000 | 917,100,000 | 899,200,000 | 867,500,000 | 840,600,000 | 850,100,000 | 709,500,000 | 587,861,000 | 568,703,000 | 556,529,000 | 521,940,000 | 473,216,000 | 465,720,000 | 498,713,000 | 444,728,000 | 351,976,000 | ||||||||||||||||||||||||||||||
total liabilities and stockholders’ equity | 3,919,200,000 | 3,898,500,000 | 3,868,500,000 | 3,847,900,000 | 3,840,100,000 | 3,835,400,000 | 3,824,800,000 | 3,833,600,000 | 3,773,400,000 | 3,824,300,000 | 3,800,700,000 | 3,698,972,000 | 3,643,449,000 | 3,645,516,000 | 3,617,475,000 | 3,587,886,000 | 3,506,091,000 | 3,498,042,000 | 3,756,713,000 | 3,221,188,000 | ||||||||||||||||||||||||||||||
total claims and policy liabilities | 2,588,100,000 | 2,610,000,000 | 2,584,400,000 | 2,630,000,000 | 2,626,000,000 | 2,629,000,000 | 2,611,300,000 | 2,655,600,000 | 2,694,900,000 | 2,678,856,000 | 2,634,458,000 | 2,624,290,000 | 2,608,996,000 | 2,578,631,000 | 2,500,854,000 | 2,444,971,000 | 2,613,235,000 | 2,654,525,000 | 2,383,145,000 | |||||||||||||||||||||||||||||||
available for sale: | ||||||||||||||||||||||||||||||||||||||||||||||||||
unsettled purchases of investments | 18,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
accumulated other comprehensive income | 117,600,000 | 115,300,000 | 98,518,000 | 90,418,000 | 91,214,000 | 87,759,000 | 139,686,000 | 121,607,000 | 99,287,000 | 32,804,000 | 28,764,000 | |||||||||||||||||||||||||||||||||||||||
unpaid losses, including bad debt allowance | 663,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
unpaid losses, including bad debt allowance of 389 at march 31, 2014 and december 31, 2013 | 735,453,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
premiums receivable, less bad debt allowance of 7,064 at december 31, 2013 and 5,957 at december 31, 2012 | 279,080,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
unpaid losses, including bad debt allowance of 389 at december 31, 2013 | 742,666,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
funds held by or deposited with reinsureds | 2,677,000 | 496,000 | 2,546,000 | 85,585,000 | 88,163,000 | 101,244,000 | ||||||||||||||||||||||||||||||||||||||||||||
policyholders’ dividends accrued | 3,364,000 | 3,734,000 | 4,394,000 | 8,926,000 | 8,737,000 | 449,000 | ||||||||||||||||||||||||||||||||||||||||||||
premiums receivable, less bad debt allowance of 6,733 at june 30, 2011 and 7,603at december 31, 2010 | 149,799,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
premiums receivable, less bad debt allowance of 9,325 at june 30, 2009 and 7,911 at december 31, 2008 | 89,181,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
unpaid losses, less allowance of 1,335 at each period | 1,056,535,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
deferred reinsurance gain - lpt agreement | 397,872,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
fixed maturity investments at fair value | 1,909,391,000 | 1,666,564,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
premiums receivable, less bad debt allowance of 7,911 in 2008 and 6,037 in 2007 | 91,273,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
unpaid losses, less allowance of 1,335 in 2008 and 1,308 in 2007 | 1,075,015,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
liabilities and equity | ||||||||||||||||||||||||||||||||||||||||||||||||||
short-term investments | ||||||||||||||||||||||||||||||||||||||||||||||||||
premiums receivable, less bad debt allowance of 7,315 at march 31, 2007 and 6,911 at december 31, 2006 | 50,100,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
unpaid losses, less allowance of 1,276 at each period | 1,087,979,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
deferred reinsurance gain–lpt agreement | 438,449,000 |
Cashflow Statements:
Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-09-30 | 2018-06-30 | 2018-03-31 | 2017-12-31 | 2017-09-30 | 2017-06-30 | 2017-03-31 | 2016-12-31 | 2015-03-31 | 2014-03-31 | 2013-12-31 | 2013-09-30 | 2012-03-31 | 2009-06-30 | 2007-03-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
operating activities | |||||||||||||||||||||||||||||||||||||||||||||
net income | 10,200,000 | -23,400,000 | -8,300,000 | 29,700,000 | 12,800,000 | 28,300,000 | 30,300,000 | 31,700,000 | 28,300,000 | 45,600,000 | 14,000,000 | 34,900,000 | 23,600,000 | 47,100,000 | 19,100,000 | -15,500,000 | -2,300,000 | 54,800,000 | 15,000,000 | 26,400,000 | 23,100,000 | 64,000,000 | 31,100,000 | 59,600,000 | -34,900,000 | 31,700,000 | 32,800,000 | 40,800,000 | 51,800,000 | 25,600,000 | 47,600,000 | 42,500,000 | 25,600,000 | 31,300,000 | 21,900,000 | 24,800,000 | 23,200,000 | 35,500,000 | 14,000,000 | 10,753,000 | 14,161,000 | 27,585,000 | 6,222,000 | 13,334,000 | 27,866,000 |
adjustments to reconcile net income to net cash from operating activities: | |||||||||||||||||||||||||||||||||||||||||||||
depreciation | 900,000 | 1,000,000 | 900,000 | 900,000 | 800,000 | 900,000 | 1,569,000 | ||||||||||||||||||||||||||||||||||||||
stock-based compensation | 1,600,000 | 1,100,000 | 1,100,000 | 1,600,000 | 1,200,000 | 1,800,000 | 1,700,000 | 1,300,000 | 1,500,000 | 1,700,000 | 1,300,000 | 1,400,000 | 1,800,000 | 1,700,000 | 1,100,000 | 700,000 | 1,600,000 | 2,300,000 | 1,100,000 | 500,000 | 5,200,000 | 2,800,000 | 2,300,000 | 2,200,000 | 2,400,000 | 3,300,000 | 2,700,000 | 1,700,000 | 2,400,000 | 3,500,000 | 2,100,000 | 1,700,000 | 2,100,000 | 2,900,000 | 800,000 | 1,200,000 | 1,900,000 | 1,500,000 | 1,800,000 | 1,596,000 | -193,000 | 1,646,000 | 1,241,000 | ||
amortization of cloud computing assets | 2,100,000 | ||||||||||||||||||||||||||||||||||||||||||||
amortization of discounts and premiums on investments | -600,000 | -700,000 | -700,000 | -700,000 | -400,000 | 0 | -300,000 | ||||||||||||||||||||||||||||||||||||||
allowance for expected credit losses | 1,400,000 | 400,000 | -200,000 | 2,500,000 | 600,000 | 3,000,000 | -2,600,000 | -900,000 | 1,800,000 | 1,700,000 | 1,000,000 | 1,200,000 | 1,200,000 | 2,100,000 | 1,300,000 | -300,000 | -300,000 | 300,000 | -1,600,000 | -400,000 | 1,400,000 | 400,000 | 2,300,000 | 4,200,000 | -300,000 | ||||||||||||||||||||
deferred income tax expense | -100,000 | -7,700,000 | 6,600,000 | 3,700,000 | -2,500,000 | -2,300,000 | 1,600,000 | 700,000 | 4,100,000 | 2,100,000 | -1,700,000 | 2,100,000 | 2,800,000 | -9,700,000 | -6,800,000 | 5,200,000 | 0 | -8,000,000 | 9,500,000 | -1,000,000 | -1,800,000 | 3,000,000 | -13,600,000 | 900,000 | -1,800,000 | 2,900,000 | 4,000,000 | -8,600,000 | 6,200,000 | 5,100,000 | 11,700,000 | 16,300,000 | 1,900,000 | 3,000,000 | 3,000,000 | 4,900,000 | 1,800,000 | -973,000 | -2,924,000 | -5,149,000 | 633,000 | 3,229,000 | |||
net realized and unrealized losses on investments | 1,700,000 | 12,800,000 | -12,000,000 | 7,000,000 | -11,300,000 | -6,400,000 | 50,100,000 | 17,300,000 | -2,700,000 | -16,000,000 | -10,900,000 | -21,300,000 | -19,100,000 | -39,700,000 | 61,100,000 | -7,400,000 | -23,300,000 | -5,600,000 | 8,000,000 | ||||||||||||||||||||||||||
change in operating assets and liabilities: | |||||||||||||||||||||||||||||||||||||||||||||
premiums receivable | -3,400,000 | 28,900,000 | 17,500,000 | -7,500,000 | -16,400,000 | 14,500,000 | 23,600,000 | -18,500,000 | -22,800,000 | 2,200,000 | -12,000,000 | -27,400,000 | -21,400,000 | -6,700,000 | -19,900,000 | -23,900,000 | -13,200,000 | 5,800,000 | 2,100,000 | -7,000,000 | -13,000,000 | 19,100,000 | 30,300,000 | 3,800,000 | -5,800,000 | 30,100,000 | 28,900,000 | 9,100,000 | -18,600,000 | 20,800,000 | 2,600,000 | -3,200,000 | -23,300,000 | 4,700,000 | 1,600,000 | -9,800,000 | -18,700,000 | 13,300,000 | -1,600,000 | -15,015,000 | 4,193,000 | 1,723,000 | -26,133,000 | -129,000 | 807,000 |
reinsurance recoverable on paid and unpaid losses | 3,900,000 | 6,000,000 | 9,700,000 | 5,600,000 | 5,000,000 | 1,000,000 | 4,900,000 | 6,100,000 | 4,000,000 | 3,400,000 | 4,900,000 | 4,500,000 | 4,700,000 | 11,500,000 | 6,000,000 | 9,500,000 | 5,200,000 | 1,000,000 | 5,000,000 | 9,100,000 | 5,100,000 | 16,900,000 | 9,700,000 | 3,300,000 | 5,200,000 | -5,500,000 | 5,500,000 | 14,700,000 | 5,700,000 | 8,600,000 | 400,000 | 17,900,000 | 6,200,000 | 16,700,000 | 7,300,000 | 12,800,000 | 7,700,000 | 10,687,000 | 9,146,000 | ||||||
cloud computing arrangements | -2,800,000 | 2,200,000 | -4,000,000 | -600,000 | -800,000 | -1,300,000 | -700,000 | -500,000 | -700,000 | -800,000 | -1,400,000 | -300,000 | -14,600,000 | -1,000,000 | 500,000 | -1,500,000 | -1,400,000 | -2,400,000 | -2,600,000 | -10,400,000 | -6,500,000 | -4,200,000 | -4,500,000 | -4,700,000 | -2,600,000 | -5,500,000 | -100,000 | -4,200,000 | |||||||||||||||||
operating lease right-of-use assets | 100,000 | -900,000 | 300,000 | 400,000 | 400,000 | 300,000 | 400,000 | 300,000 | |||||||||||||||||||||||||||||||||||||
current federal income taxes | 1,100,000 | 1,100,000 | -9,700,000 | -11,200,000 | 8,500,000 | 100,000 | -3,900,000 | -7,100,000 | 2,500,000 | 3,900,000 | 1,300,000 | -14,500,000 | 2,600,000 | 2,000,000 | 5,300,000 | -5,000,000 | 6,500,000 | 3,900,000 | -4,000,000 | -2,500,000 | -5,300,000 | 12,100,000 | -4,600,000 | 11,500,000 | 3,000,000 | -1,600,000 | 3,700,000 | -15,900,000 | 6,400,000 | 11,500,000 | 4,200,000 | 900,000 | -8,000,000 | 2,500,000 | |||||||||||
unpaid losses and loss adjustment expenses | -3,300,000 | -16,700,000 | 35,700,000 | -5,800,000 | -15,600,000 | -28,300,000 | -14,400,000 | -23,600,000 | -10,000,000 | -28,900,000 | -13,800,000 | -26,500,000 | -7,000,000 | -19,200,000 | 7,100,000 | -9,100,000 | 700,000 | -20,900,000 | -5,500,000 | -26,500,000 | -35,300,000 | -72,000,000 | -29,300,000 | -21,000,000 | -1,100,000 | -4,500,000 | -12,800,000 | -27,500,000 | -18,600,000 | -25,800,000 | 5,800,000 | -30,200,000 | -8,000,000 | -32,800,000 | 14,000,000 | -13,300,000 | -2,800,000 | -29,000,000 | 600,000 | 27,687,000 | 25,184,000 | 14,046,000 | -941,000 | -35,460,000 | -571,000 |
unearned premiums | 800,000 | -28,500,000 | -9,200,000 | 1,600,000 | 25,800,000 | -10,300,000 | -6,900,000 | 17,100,000 | 22,600,000 | -7,300,000 | 8,500,000 | 18,600,000 | 20,400,000 | -6,300,000 | 7,000,000 | 13,700,000 | 20,400,000 | -12,700,000 | 1,700,000 | 1,900,000 | 14,700,000 | -26,500,000 | -15,900,000 | -12,300,000 | 16,700,000 | -23,200,000 | -9,800,000 | 1,200,000 | 32,600,000 | -19,700,000 | -4,200,000 | 8,300,000 | 33,600,000 | -12,800,000 | -10,000,000 | 10,300,000 | 20,500,000 | -15,300,000 | 13,800,000 | 16,711,000 | -15,016,000 | 1,248,000 | 30,765,000 | -7,705,000 | 2,257,000 |
accounts payable, accrued expenses and other liabilities | -100,000 | -4,600,000 | 3,900,000 | -4,300,000 | -1,200,000 | -200,000 | 5,900,000 | 1,200,000 | -3,600,000 | 4,500,000 | 4,800,000 | 800,000 | -6,400,000 | 7,300,000 | -1,200,000 | 2,100,000 | -1,000,000 | 1,500,000 | -6,000,000 | -1,100,000 | 3,100,000 | -4,300,000 | 6,100,000 | -3,600,000 | -1,900,000 | 4,500,000 | 900,000 | -2,200,000 | -10,700,000 | 15,300,000 | -200,000 | 3,300,000 | 700,000 | 2,000,000 | -1,500,000 | -3,376,000 | -7,281,000 | -9,188,000 | 4,886,000 | 9,418,000 | -13,156,000 | ||||
deferred reinsurance gain—lpt agreement | -1,200,000 | -1,300,000 | -1,700,000 | -1,600,000 | -1,500,000 | -1,900,000 | -2,000,000 | -1,900,000 | -2,000,000 | -2,000,000 | -2,100,000 | -2,100,000 | -2,100,000 | -2,100,000 | -2,000,000 | -2,100,000 | -2,500,000 | -2,500,000 | -2,400,000 | -2,300,000 | -5,400,000 | -2,500,000 | -2,600,000 | -6,300,000 | -2,600,000 | -2,500,000 | -3,000,000 | -3,000,000 | -2,900,000 | -3,875,000 | -13,581,000 | ||||||||||||||
operating lease liabilities | -100,000 | -200,000 | 700,000 | -400,000 | -400,000 | -500,000 | -400,000 | -400,000 | -400,000 | 800,000 | -300,000 | -6,400,000 | -800,000 | -700,000 | -700,000 | -700,000 | -900,000 | -900,000 | -900,000 | -700,000 | -800,000 | -1,000,000 | -1,300,000 | 5,400,000 | -1,000,000 | 700,000 | -700,000 | -1,200,000 | 19,000,000 | ||||||||||||||||
non-cancellable obligations | -1,300,000 | -2,700,000 | 500,000 | -1,900,000 | -2,000,000 | 2,700,000 | -1,000,000 | -2,000,000 | -2,900,000 | -1,500,000 | -1,900,000 | -3,100,000 | -2,600,000 | -1,700,000 | 12,300,000 | -4,200,000 | -2,000,000 | -1,500,000 | -600,000 | -400,000 | 100,000 | 1,200,000 | 3,500,000 | -1,900,000 | -1,700,000 | 2,600,000 | 200,000 | 2,800,000 | -1,400,000 | 600,000 | |||||||||||||||
other | -8,700,000 | -3,800,000 | 5,500,000 | 6,700,000 | -15,000,000 | 100,000 | 6,700,000 | 5,500,000 | -14,800,000 | 7,200,000 | 8,700,000 | 6,200,000 | -11,700,000 | 1,400,000 | 7,900,000 | 9,900,000 | -14,000,000 | 5,600,000 | 4,800,000 | 7,000,000 | -11,100,000 | 1,800,000 | 6,700,000 | 4,100,000 | -13,600,000 | -7,300,000 | 2,200,000 | 6,200,000 | -12,900,000 | -6,300,000 | 3,200,000 | 4,300,000 | -4,200,000 | 4,800,000 | 18,100,000 | -7,300,000 | -300,000 | 1,600,000 | 188,000 | -766,000 | 458,000 | 2,211,000 | 12,695,000 | -5,346,000 | |
net cash from operating activities | 2,200,000 | 700,000 | 29,400,000 | 0 | 14,600,000 | 13,100,000 | 51,000,000 | 11,700,000 | 600,000 | 27,600,000 | 25,300,000 | -7,800,000 | 4,300,000 | 32,300,000 | 29,600,000 | 21,100,000 | 16,800,000 | 20,100,000 | 16,000,000 | -14,300,000 | 19,500,000 | 12,600,000 | 15,500,000 | 10,500,000 | 70,300,000 | 22,200,000 | 20,100,000 | 47,100,000 | 46,900,000 | 40,000,000 | 46,200,000 | 38,500,000 | 61,200,000 | 11,900,000 | 30,700,000 | 25,800,000 | 24,800,000 | 38,570,000 | 39,681,000 | 38,852,000 | 24,440,000 | 22,691,000 | 18,032,000 | ||
investing activities | |||||||||||||||||||||||||||||||||||||||||||||
purchases of fixed maturity securities | -158,800,000 | -571,100,000 | -90,000,000 | -52,600,000 | -56,300,000 | -270,400,000 | -177,300,000 | -105,700,000 | -169,000,000 | -126,200,000 | -132,400,000 | -51,100,000 | -106,700,000 | -71,400,000 | -190,100,000 | -153,100,000 | -196,800,000 | -100,600,000 | -77,700,000 | -94,700,000 | -243,600,000 | -182,900,000 | -137,800,000 | -96,600,000 | -228,300,000 | -108,900,000 | -76,300,000 | -78,400,000 | -95,400,000 | -163,800,000 | -114,800,000 | -126,200,000 | -231,900,000 | ||||||||||||
purchases of equity securities | -10,000,000 | -9,400,000 | -10,200,000 | -23,300,000 | -21,300,000 | -14,200,000 | -25,200,000 | -16,200,000 | -5,800,000 | -8,400,000 | -8,800,000 | -10,300,000 | -12,300,000 | -13,500,000 | -20,800,000 | -44,200,000 | -46,400,000 | -41,700,000 | -48,100,000 | -90,400,000 | -19,300,000 | -2,000,000 | -27,400,000 | -60,800,000 | -89,300,000 | -21,100,000 | -185,300,000 | -18,300,000 | -16,100,000 | -48,100,000 | -11,300,000 | -13,100,000 | -6,800,000 | ||||||||||||
purchases of short-term investments | -11,000,000 | -4,500,000 | -7,600,000 | -100,000 | -22,000,000 | 0 | -17,700,000 | -11,000,000 | -33,200,000 | -14,000,000 | -10,500,000 | -123,100,000 | 0 | 0 | -9,600,000 | -10,500,000 | 0 | -300,000 | -17,100,000 | -42,300,000 | -76,200,000 | -100,000 | -24,800,000 | 0 | 0 | -34,900,000 | |||||||||||||||||||
purchases of other invested assets | -1,800,000 | -1,100,000 | -700,000 | -1,700,000 | -1,300,000 | -2,100,000 | -2,200,000 | 2,300,000 | -6,400,000 | -1,400,000 | -6,100,000 | -9,100,000 | -11,500,000 | -1,500,000 | -11,400,000 | -5,600,000 | -1,800,000 | -3,900,000 | -4,400,000 | -3,400,000 | -5,600,000 | -3,700,000 | 300,000 | -2,200,000 | -2,700,000 | -3,500,000 | -22,900,000 | ||||||||||||||||||
distributions from other invested assets | 2,600,000 | 7,000,000 | 1,300,000 | 800,000 | 7,200,000 | ||||||||||||||||||||||||||||||||||||||||
proceeds from sale of fixed maturity securities | 47,300,000 | 449,100,000 | 150,200,000 | 28,700,000 | 47,100,000 | 133,200,000 | 124,900,000 | 52,700,000 | 32,000,000 | 228,500,000 | 204,000,000 | 80,700,000 | 44,800,000 | 83,100,000 | 30,600,000 | 108,100,000 | 92,000,000 | 24,400,000 | 24,100,000 | 84,200,000 | 74,000,000 | 34,800,000 | 64,900,000 | 29,600,000 | 220,200,000 | 15,700,000 | 53,000,000 | 43,100,000 | 51,200,000 | 35,000,000 | 1,400,000 | 34,700,000 | 133,700,000 | 68,000,000 | 138,800,000 | 15,700,000 | 27,300,000 | 20,700,000 | 35,061,000 | ||||||
proceeds from sale of equity securities | 9,300,000 | 111,300,000 | 12,900,000 | 20,600,000 | 20,400,000 | 13,500,000 | 14,400,000 | 11,600,000 | 5,500,000 | 8,000,000 | 12,700,000 | 20,500,000 | 12,000,000 | 12,300,000 | 101,000,000 | 31,600,000 | 71,400,000 | 37,400,000 | 13,600,000 | 76,900,000 | 8,000,000 | 1,700,000 | 72,400,000 | 82,800,000 | 86,500,000 | 152,100,000 | 65,600,000 | 6,000,000 | 8,700,000 | 12,600,000 | 34,100,000 | 13,100,000 | 10,900,000 | 26,600,000 | 3,200,000 | 5,600,000 | 5,800,000 | 10,200,000 | 8,200,000 | 7,872,000 | 8,386,000 | 3,909,000 | 3,497,000 | 2,111,000 | 1,165,000 |
proceeds from maturities and redemptions of fixed maturity securities | 98,000,000 | 65,900,000 | 56,500,000 | 44,400,000 | 46,300,000 | 56,000,000 | 62,200,000 | 51,500,000 | 45,000,000 | 42,800,000 | 56,100,000 | 36,300,000 | 27,500,000 | 61,800,000 | 37,700,000 | 31,900,000 | 63,600,000 | 71,500,000 | 96,700,000 | 88,600,000 | 116,700,000 | 115,900,000 | 88,700,000 | 68,000,000 | 86,600,000 | -3,200,000 | 163,400,000 | 84,100,000 | 65,600,000 | 34,700,000 | 107,000,000 | 108,800,000 | 78,900,000 | 56,400,000 | 62,500,000 | 33,500,000 | 63,300,000 | ||||||||
proceeds from sales and maturities of short-term investments | 6,500,000 | 100,000 | |||||||||||||||||||||||||||||||||||||||||||
net change in unsettled investment purchases and sales | 6,500,000 | 11,400,000 | -1,700,000 | -6,900,000 | 4,400,000 | -14,800,000 | 15,700,000 | -6,600,000 | 7,300,000 | -4,000,000 | 9,200,000 | -2,600,000 | -1,000,000 | 300,000 | -2,900,000 | -6,200,000 | 5,500,000 | 700,000 | -11,100,000 | 8,200,000 | 5,600,000 | -4,600,000 | 43,900,000 | -37,300,000 | -5,600,000 | -400,000 | -1,600,000 | 1,500,000 | -24,200,000 | 17,400,000 | -2,200,000 | 11,900,000 | -4,700,000 | 27,200,000 | -26,400,000 | -13,000,000 | 18,000,000 | ||||||||
capital expenditures and other | -900,000 | -200,000 | -600,000 | -900,000 | -500,000 | -1,700,000 | -900,000 | -1,000,000 | -1,300,000 | -700,000 | -900,000 | -100,000 | -500,000 | -400,000 | -700,000 | -700,000 | -800,000 | -1,500,000 | -700,000 | -300,000 | -1,100,000 | -1,000,000 | -700,000 | -1,900,000 | -1,900,000 | 300,000 | -4,100,000 | -3,500,000 | -4,800,000 | -2,600,000 | 2,500,000 | -7,200,000 | -2,900,000 | -400,000 | -1,900,000 | -2,400,000 | -3,500,000 | -2,138,000 | -2,413,000 | -467,000 | |||||
net cash from investing activities | -12,300,000 | 58,500,000 | 121,200,000 | 100,000 | 46,100,000 | -70,000,000 | 11,900,000 | -3,900,000 | -97,700,000 | 152,300,000 | 105,600,000 | 106,600,000 | 12,800,000 | -48,400,000 | -53,400,000 | -38,200,000 | -6,100,000 | -24,200,000 | -7,600,000 | -22,700,000 | 102,600,000 | -51,800,000 | 56,200,000 | 30,800,000 | -24,100,000 | 32,600,000 | 9,900,000 | -139,500,000 | 16,700,000 | 56,900,000 | -53,700,000 | -32,200,000 | -29,200,000 | -15,900,000 | -32,900,000 | -39,500,000 | -81,200,000 | -20,800,000 | -93,887,000 | -37,997,000 | -54,368,000 | 65,979,000 | -55,451,000 | ||
financing activities | |||||||||||||||||||||||||||||||||||||||||||||
acquisition of common stock and excise tax payments | -79,300,000 | ||||||||||||||||||||||||||||||||||||||||||||
cash transactions related to stock-based compensation | -1,000,000 | 0 | -100,000 | 0 | -1,300,000 | 0 | -100,000 | 0 | -1,700,000 | -100,000 | -200,000 | 100,000 | -800,000 | 0 | 0 | 0 | -1,200,000 | 0 | 0 | -1,000,000 | -1,700,000 | 0 | 0 | 100,000 | -1,900,000 | 100,000 | 500,000 | 100,000 | -3,200,000 | 100,000 | 800,000 | 200,000 | -2,900,000 | 2,600,000 | -200,000 | 2,700,000 | -1,300,000 | 1,900,000 | -300,000 | -412,000 | 1,147,000 | 3,743,000 | -148,000 | ||
dividends paid to stockholders | -6,300,000 | -7,100,000 | -7,400,000 | -7,900,000 | -7,500,000 | -7,500,000 | -7,400,000 | -7,600,000 | -7,800,000 | -7,300,000 | -7,600,000 | -7,600,000 | -7,200,000 | -34,700,000 | -7,400,000 | -7,200,000 | -7,200,000 | -7,100,000 | -7,500,000 | -7,500,000 | -7,800,000 | -8,000,000 | -7,100,000 | -7,100,000 | -7,400,000 | -7,300,000 | -6,800,000 | -6,600,000 | -6,700,000 | -6,600,000 | -2,700,000 | -1,900,000 | -1,879,000 | -1,875,000 | -1,872,000 | -1,939,000 | |||||||||
proceeds from fhlb advances | 70,000,000 | 0 | 56,500,000 | 66,000,000 | 60,000,000 | ||||||||||||||||||||||||||||||||||||||||
proceeds from line of credit advances | 20,000,000 | 0 | 0 | 0 | 10,000,000 | 0 | |||||||||||||||||||||||||||||||||||||||
net cash from financing activities | 3,400,000 | -66,200,000 | -52,900,000 | -31,400,000 | -28,600,000 | -18,100,000 | -15,100,000 | -26,500,000 | -15,100,000 | -62,300,000 | -88,300,000 | -119,300,000 | -19,600,000 | -42,800,000 | 41,800,000 | 16,700,000 | 44,700,000 | -16,400,000 | -20,400,000 | -33,800,000 | -23,800,000 | -40,000,000 | -16,600,000 | -3,100,000 | -52,500,000 | -26,700,000 | -11,400,000 | -43,800,000 | -37,200,000 | -10,600,000 | -5,900,000 | -6,800,000 | -9,600,000 | -2,400,000 | -5,200,000 | -12,000,000 | -6,400,000 | -3,200,000 | -1,600,000 | -1,155,000 | -11,114,000 | 1,908,000 | -20,817,000 | -61,027,000 | 23,914,000 |
net increase in cash, cash equivalents and restricted cash | -6,700,000 | 97,700,000 | -31,300,000 | 32,100,000 | 42,600,000 | -20,500,000 | -2,500,000 | 18,000,000 | -400,000 | 55,400,000 | -75,000,000 | 105,500,000 | -42,300,000 | 19,200,000 | 34,800,000 | 57,700,000 | |||||||||||||||||||||||||||||
cash, cash equivalents and restricted cash at the beginning of the period | 160,000,000 | 0 | 0 | 68,500,000 | 0 | 0 | 226,600,000 | 0 | 0 | 89,400,000 | 0 | 0 | 75,300,000 | 0 | 0 | 160,600,000 | 0 | 0 | 155,200,000 | 0 | 0 | 102,000,000 | 0 | 0 | 74,300,000 | ||||||||||||||||||||
cash, cash equivalents and restricted cash at the end of the period | 153,300,000 | 97,700,000 | -31,300,000 | 100,600,000 | 47,800,000 | -18,700,000 | 114,400,000 | 42,600,000 | -20,500,000 | 86,900,000 | 18,000,000 | -400,000 | 130,700,000 | -12,000,000 | 22,200,000 | 85,600,000 | 105,500,000 | -42,300,000 | 174,400,000 | 34,800,000 | 11,000,000 | 94,800,000 | 57,700,000 | 90,100,000 | 57,200,000 | ||||||||||||||||||||
amortization of cloud computing arrangements | -200,000 | 2,800,000 | 2,400,000 | 2,600,000 | 2,700,000 | 3,100,000 | 4,500,000 | 2,800,000 | 4,100,000 | 4,200,000 | 4,100,000 | 4,300,000 | 4,300,000 | 4,200,000 | 3,900,000 | 4,000,000 | 3,200,000 | 4,800,000 | 3,100,000 | 3,100,000 | 3,200,000 | 2,400,000 | 1,800,000 | 1,600,000 | 1,500,000 | 1,700,000 | 1,100,000 | 1,000,000 | |||||||||||||||||
asset impairment and related charges | 1,600,000 | 0 | |||||||||||||||||||||||||||||||||||||||||||
noncash operating lease term adjustment | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||
operating lease right-of-use-assets | 700,000 | 700,000 | 700,000 | 600,000 | 700,000 | 800,000 | 800,000 | 600,000 | 1,000,000 | 1,100,000 | 1,100,000 | -5,500,000 | 1,000,000 | -900,000 | 700,000 | 1,100,000 | -16,800,000 | ||||||||||||||||||||||||||||
deferred reinsurance gain–lpt agreement | -4,587,000 | ||||||||||||||||||||||||||||||||||||||||||||
contingent commission receivable–lpt agreement | |||||||||||||||||||||||||||||||||||||||||||||
proceeds of short-term and long-term debt | |||||||||||||||||||||||||||||||||||||||||||||
repayments of fhlb advances | |||||||||||||||||||||||||||||||||||||||||||||
payments on finance leases | 0 | 0 | 0 | -100,000 | 0 | -100,000 | -100,000 | ||||||||||||||||||||||||||||||||||||||
net increase in cash, cash equivalents, and restricted cash | |||||||||||||||||||||||||||||||||||||||||||||
cash, cash equivalents, and restricted cash at the beginning of the period | |||||||||||||||||||||||||||||||||||||||||||||
cash, cash equivalents, and restricted cash at the end of the period | |||||||||||||||||||||||||||||||||||||||||||||
cash paid for federal income taxes | |||||||||||||||||||||||||||||||||||||||||||||
cash paid for state income taxes | |||||||||||||||||||||||||||||||||||||||||||||
cash paid for interest | |||||||||||||||||||||||||||||||||||||||||||||
non-cash transactions | |||||||||||||||||||||||||||||||||||||||||||||
financed property and equipment purchases | |||||||||||||||||||||||||||||||||||||||||||||
net realized and unrealized gains on investments | -21,200,000 | -10,900,000 | -2,200,000 | -11,400,000 | |||||||||||||||||||||||||||||||||||||||||
contingent commission receivable—lpt agreement | 14,600,000 | -200,000 | -200,000 | -200,000 | -424,000 | -440,000 | |||||||||||||||||||||||||||||||||||||||
acquisition of common stock | -45,400,000 | -23,500,000 | -19,800,000 | -7,600,000 | -18,800,000 | -5,600,000 | -14,600,000 | -15,400,000 | -35,000,000 | -11,100,000 | -1,700,000 | -7,400,000 | -14,600,000 | -6,700,000 | -8,900,000 | -13,200,000 | -10,500,000 | -10,000,000 | -17,500,000 | -9,000,000 | -30,400,000 | -42,500,000 | -19,700,000 | -4,700,000 | -16,500,000 | -26,600,000 | -3,900,000 | 0 | |||||||||||||||||
proceeds from maturities of short-term investments | 0 | 100,000 | 30,600,000 | 22,300,000 | 7,500,000 | 12,700,000 | 24,700,000 | 5,000,000 | 56,300,000 | 71,000,000 | 4,000,000 | 3,200,000 | 0 | 16,800,000 | 0 | 0 | 2,800,000 | 25,500,000 | 19,400,000 | 15,400,000 | 8,900,000 | 66,900,000 | 0 | 0 | 0 | 25,000,000 | 100,000 | 0 | 34,900,000 | 4,000,000 | 1,500,000 | 100,000 | 10,100,000 | 8,500,000 | |||||||||||
repayments of line of credit advances | |||||||||||||||||||||||||||||||||||||||||||||
repayments on fhlb advances | -40,400,000 | -65,300,000 | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||
depreciation and amortization | 900,000 | 1,000,000 | 1,100,000 | 1,000,000 | 1,600,000 | 1,100,000 | 1,200,000 | 1,200,000 | 1,400,000 | 1,500,000 | 1,700,000 | 1,900,000 | 1,900,000 | 1,900,000 | 1,900,000 | 1,900,000 | 2,300,000 | 2,100,000 | 2,500,000 | 2,800,000 | 2,500,000 | 1,200,000 | 1,200,000 | 1,300,000 | 1,800,000 | 2,000,000 | 2,000,000 | 2,000,000 | 2,100,000 | 2,100,000 | 2,100,000 | 1,700,000 | 1,797,000 | 1,756,000 | 1,524,000 | 1,414,000 | |||||||||
net decrease in cash, cash equivalents and restricted cash | -18,700,000 | -112,200,000 | -12,000,000 | -7,200,000 | -17,100,000 | ||||||||||||||||||||||||||||||||||||||||
amortization of premium on investments | -300,000 | 600,000 | 1,000,000 | 800,000 | 900,000 | 700,000 | 1,000,000 | 1,800,000 | 2,600,000 | 2,600,000 | 1,500,000 | 2,100,000 | 2,400,000 | 2,100,000 | 3,200,000 | 1,600,000 | 2,900,000 | 2,300,000 | 1,900,000 | 2,000,000 | 2,000,000 | 2,000,000 | 2,400,000 | 3,100,000 | 3,700,000 | 3,900,000 | 3,600,000 | 3,200,000 | 3,200,000 | 2,508,000 | 2,395,000 | 2,264,000 | 1,533,000 | 554,000 | 1,646,000 | ||||||||||
net amortization on investments | |||||||||||||||||||||||||||||||||||||||||||||
dividends paid to stockholders and eligible plan award holders | |||||||||||||||||||||||||||||||||||||||||||||
repayments on line of credit advances | 0 | 0 | 0 | -10,000,000 | |||||||||||||||||||||||||||||||||||||||||
non-cash exchange of private preferred shares for equity securities | |||||||||||||||||||||||||||||||||||||||||||||
asset impairment charges | 0 | ||||||||||||||||||||||||||||||||||||||||||||
non-cash exchange of private preferred shares for common stock | |||||||||||||||||||||||||||||||||||||||||||||
deferred income tax (benefit) expense | |||||||||||||||||||||||||||||||||||||||||||||
net realized and unrealized losses (gains) on investments | |||||||||||||||||||||||||||||||||||||||||||||
purchase of cerity insurance company, net of cash and cash equivalents acquired | -200,000 | ||||||||||||||||||||||||||||||||||||||||||||
dividends paid to stockholders and eligible equity plan holders | |||||||||||||||||||||||||||||||||||||||||||||
repayments on line of credit advances and notes payable | |||||||||||||||||||||||||||||||||||||||||||||
payments on capital leases | 0 | 0 | -100,000 | 0 | -100,000 | 0 | -100,000 | 0 | -100,000 | 0 | -100,000 | 0 | -100,000 | 0 | -100,000 | ||||||||||||||||||||||||||||||
proceeds from line of credit | |||||||||||||||||||||||||||||||||||||||||||||
repayments on line of credit | |||||||||||||||||||||||||||||||||||||||||||||
net cash (used by) provided by operating activities | -11,400,000 | ||||||||||||||||||||||||||||||||||||||||||||
net cash (used by) provided by investing activities | -39,800,000 | ||||||||||||||||||||||||||||||||||||||||||||
repayment of fhlb advances | -5,000,000 | ||||||||||||||||||||||||||||||||||||||||||||
proceeds from loc | 12,000,000 | ||||||||||||||||||||||||||||||||||||||||||||
repayments on loc | -12,000,000 | ||||||||||||||||||||||||||||||||||||||||||||
abandonment of operating leases | 100,000 | ||||||||||||||||||||||||||||||||||||||||||||
payments on fhlb advances | |||||||||||||||||||||||||||||||||||||||||||||
redemption of notes payable | 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||
proceeds from fhlb advance | 0 | ||||||||||||||||||||||||||||||||||||||||||||
allowance for doubtful accounts | -1,100,000 | -900,000 | 900,000 | -1,000,000 | -1,200,000 | 400,000 | 100,000 | 0 | 500,000 | -400,000 | -900,000 | 215,000 | |||||||||||||||||||||||||||||||||
gain on redemption of notes payable | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||
write-off of previously capitalized costs | 0 | ||||||||||||||||||||||||||||||||||||||||||||
non-cash exchange of fixed maturity investments for short-term investments | |||||||||||||||||||||||||||||||||||||||||||||
net realized and unrealized (gains) on investments | |||||||||||||||||||||||||||||||||||||||||||||
net realized losses on investments | |||||||||||||||||||||||||||||||||||||||||||||
excess tax benefits from stock-based compensation | -600,000 | -1,136,000 | -37,000 | ||||||||||||||||||||||||||||||||||||||||||
change in restricted cash and cash equivalents | 100,000 | -700,000 | 3,700,000 | -500,000 | -900,000 | 2,400,000 | |||||||||||||||||||||||||||||||||||||||
net increase in cash and cash equivalents | 3,900,000 | 26,800,000 | -16,000,000 | -8,600,000 | -16,900,000 | -58,000,000 | 16,615,000 | -50,745,000 | |||||||||||||||||||||||||||||||||||||
cash and cash equivalents at the beginning of the period | 0 | 0 | 0 | 67,200,000 | 0 | 103,600,000 | 34,503,000 | 0 | 0 | 252,300,000 | 122,909,000 | 79,984,000 | |||||||||||||||||||||||||||||||||
cash and cash equivalents at the end of the period | 3,900,000 | 26,800,000 | -16,000,000 | 58,600,000 | -16,900,000 | 45,600,000 | 51,118,000 | -65,320,000 | 2,763,000 | 201,555,000 | 150,552,000 | 66,479,000 | |||||||||||||||||||||||||||||||||
net realized gains on investments | -4,100,000 | -1,100,000 | -2,200,000 | -3,259,000 | |||||||||||||||||||||||||||||||||||||||||
payables and other liabilities | -2,700,000 | -4,000,000 | -3,100,000 | ||||||||||||||||||||||||||||||||||||||||||
purchase of fixed maturity securities | -201,600,000 | -63,800,000 | -138,300,000 | -168,000,000 | -94,495,000 | ||||||||||||||||||||||||||||||||||||||||
purchase of equity securities | -3,100,000 | -5,100,000 | -5,600,000 | -8,000,000 | -7,838,000 | -8,441,000 | -3,868,000 | -18,520,000 | 547,000 | -701,000 | |||||||||||||||||||||||||||||||||||
purchase of short-term investments | -100,000 | -200,000 | -7,900,000 | ||||||||||||||||||||||||||||||||||||||||||
stockholder dividends paid | -4,900,000 | -4,800,000 | -5,000,000 | ||||||||||||||||||||||||||||||||||||||||||
current federal income taxes payable | |||||||||||||||||||||||||||||||||||||||||||||
federal income taxes | 3,200,000 | 4,700,000 | -1,600,000 | 1,382,000 | -3,773,000 | ||||||||||||||||||||||||||||||||||||||||
payments on notes payable and capital leases | -100,000 | ||||||||||||||||||||||||||||||||||||||||||||
net realized (gains) losses on investments | |||||||||||||||||||||||||||||||||||||||||||||
proceeds from maturities and redemptions of investments | 85,500,000 | 85,100,000 | 42,418,000 | 58,425,000 | 62,092,000 | 46,721,000 | 92,239,000 | 9,224,000 | |||||||||||||||||||||||||||||||||||||
realized gains on investments | -1,200,000 | -3,794,000 | -1,075,000 | -1,778,000 | |||||||||||||||||||||||||||||||||||||||||
reinsurance recoverable for paid and unpaid losses | 9,300,000 | 7,359,000 | 21,819,000 | 11,501,000 | |||||||||||||||||||||||||||||||||||||||||
capital expenditures | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -900,000 | -1,447,000 | 0 | 0 | 0 | 0 | 0 | ||
free cash flows | 2,200,000 | 700,000 | 29,400,000 | 0 | 14,600,000 | 13,100,000 | 51,000,000 | 11,700,000 | 600,000 | 27,600,000 | 25,300,000 | -7,800,000 | 4,300,000 | 32,300,000 | 29,600,000 | 21,100,000 | 16,800,000 | 20,100,000 | 16,000,000 | -14,300,000 | 19,500,000 | 12,600,000 | 15,500,000 | 10,500,000 | 70,300,000 | 22,200,000 | 20,100,000 | 47,100,000 | 46,900,000 | 40,000,000 | 46,200,000 | 38,500,000 | 61,200,000 | 11,900,000 | 30,700,000 | 25,800,000 | 23,900,000 | 37,123,000 | 39,681,000 | 38,852,000 | 24,440,000 | 22,691,000 | 18,032,000 | ||
acquisition of treasury stock | -18,730,000 | ||||||||||||||||||||||||||||||||||||||||||||
proceeds from sale of fixed assets | 495,000 | 146,000 | 42,000 | ||||||||||||||||||||||||||||||||||||||||||
restricted cash and cash equivalents provided by investing activities | -2,371,000 | -486,000 | -1,476,000 | -4,312,000 | |||||||||||||||||||||||||||||||||||||||||
deferred income tax benefit | |||||||||||||||||||||||||||||||||||||||||||||
federal income taxes recoverable | 1,021,000 | ||||||||||||||||||||||||||||||||||||||||||||
payments on notes payable | |||||||||||||||||||||||||||||||||||||||||||||
cash paid (received) for income taxes | |||||||||||||||||||||||||||||||||||||||||||||
schedule of non-cash transactions | |||||||||||||||||||||||||||||||||||||||||||||
purchase of fixed maturities | -128,454,000 | -108,315,000 | -26,317,000 | -102,784,000 | |||||||||||||||||||||||||||||||||||||||||
proceeds from sale of fixed maturities | 32,000,000 | 28,657,000 | -88,000 | 38,112,000 | |||||||||||||||||||||||||||||||||||||||||
net decrease in cash and cash equivalents | 2,763,000 | -13,505,000 | |||||||||||||||||||||||||||||||||||||||||||
realized losses on retirement of assets | 346,000 | ||||||||||||||||||||||||||||||||||||||||||||
accrued investment income | 636,000 | 255,000 | -73,000 | ||||||||||||||||||||||||||||||||||||||||||
funds held by or deposited with reinsureds | 606,000 | 867,000 | 1,711,000 | ||||||||||||||||||||||||||||||||||||||||||
deferred reinsurance gain – lpt agreement | -4,156,000 | ||||||||||||||||||||||||||||||||||||||||||||
allowance for doubtful accounts – premiums receivable | |||||||||||||||||||||||||||||||||||||||||||||
realized losses on investments | |||||||||||||||||||||||||||||||||||||||||||||
cash paid for acquisition, net of cash and cash equivalents acquired | |||||||||||||||||||||||||||||||||||||||||||||
cash transactions related to stock compensation | |||||||||||||||||||||||||||||||||||||||||||||
debt issuance costs | |||||||||||||||||||||||||||||||||||||||||||||
stock based compensation | 140,000 | ||||||||||||||||||||||||||||||||||||||||||||
allowance for doubtful accounts – premium receivable | 404,000 | ||||||||||||||||||||||||||||||||||||||||||||
realized (gains) losses on investments | -190,000 | ||||||||||||||||||||||||||||||||||||||||||||
federal income taxes payable | -6,820,000 | ||||||||||||||||||||||||||||||||||||||||||||
issuance of common stock | 486,903,000 | ||||||||||||||||||||||||||||||||||||||||||||
cash paid to eligible policyholders under plan of conversion | -462,989,000 | ||||||||||||||||||||||||||||||||||||||||||||
schedule of noncash transactions | |||||||||||||||||||||||||||||||||||||||||||||
stock issued in exchange for membership interest | 281,073,000 |
