Universal Insurance Holdings, Inc(NYSE:UVE) 
Universal Insurance Holdings, Inc., together with its subsidiaries, operates as an integrated insurance holding company in the United States. The company develops, markets, and underwrites insurance products for personal residential insurance, such as homeowners, renters/tenants, condo unit owners, ...
Founded: 1990
Full Time Employees: 805
Sector: Financial Services
Industry: Insurance-Property & Casualty
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| Unit: USD | 2026-03-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 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 | 2016-06-30 | 2016-03-31 | 2015-12-31 | 2015-09-30 | 2015-06-30 | 2015-03-31 | 2014-12-31 | 2014-09-30 | 2014-06-30 | 2014-03-31 | 2013-12-31 | 2013-09-30 | 2013-06-30 | 2013-03-31 | 2012-12-31 | 2012-09-30 | 2012-06-30 | 2012-03-31 | 2011-12-31 | 2011-09-30 | 2011-06-30 | 2011-03-31 | 2010-12-31 | 2010-09-30 | 2010-06-30 | 2010-03-31 | 2009-12-31 | 2009-09-30 | 2009-06-30 | 2008-12-31 |
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revenues | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
direct premiums written | 506,547,000 | 592,774,000 | 596,720,000 | 467,078,000 | 470,895,000 | 574,351,000 | 446,179,000 | 432,617,000 | 531,988,000 | 547,126,000 | 410,102,000 | 416,101,000 | 500,677,000 | 532,527,000 | 396,481,000 | 399,327,000 | 432,984,000 | 473,627,000 | 365,314,000 | 368,823,000 | 409,418,000 | 404,685,000 | 334,553,000 | 302,655,000 | 342,872,000 | 357,960,000 | 289,234,000 | 268,934,000 | 309,176,000 | 342,781,000 | 269,984,000 | 239,536,000 | 274,744,000 | 296,191,000 | 245,415,000 | 212,835,000 | 241,888,000 | 271,921,000 | 227,973,000 | 199,262,000 | 222,572,000 | 249,971,000 | 211,605,000 | 182,216,000 | 195,435,000 | 220,009,000 | 191,917,000 | 173,730,000 | 186,079,000 | 219,946,000 | 204,139,000 | 174,571,000 | 192,986,000 | 222,568,000 | 190,003,000 | 171,370,000 | 213,479,000 | 173,175,000 | 145,527,692 | 520,781,570 | 368,119,332 | 160,099,645 | 126,060,931 | 436,610,689 | 301,984,289 | ||
change in unearned premiums | 24,874,000 | -58,668,000 | -73,295,000 | 46,179,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
direct premiums earned | 531,421,000 | 534,106,000 | 523,425,000 | 513,257,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
ceded premiums earned | -174,519,000 | -174,430,000 | -163,232,000 | -157,536,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
premiums earned | 356,902,000 | 359,676,000 | 360,193,000 | 355,721,000 | 348,354,000 | 345,736,000 | 334,025,000 | 335,398,000 | 331,040,000 | 303,274,000 | 282,224,000 | 291,870,000 | 290,631,000 | 277,061,000 | 269,064,000 | 271,332,000 | 264,654,000 | 256,172,000 | 243,305,000 | 242,173,000 | 234,191,000 | 226,370,000 | 220,829,000 | 215,819,000 | 206,599,000 | 210,357,000 | 209,727,000 | 204,595,000 | 188,938,000 | 192,272,000 | 182,577,000 | 183,708,000 | 174,517,000 | 169,009,000 | 161,559,000 | 163,973,000 | 159,534,000 | 156,461,000 | 152,448,000 | 150,598,000 | 146,153,000 | 112,888,000 | 94,360,000 | 95,420,000 | 94,288,000 | 73,362,000 | 63,807,000 | 66,453,000 | 68,927,000 | 66,867,000 | 65,409,000 | 67,274,000 | 59,512,000 | 55,694,000 | 48,640,000 | 49,634,000 | 49,524,000 | 48,004,000 | 46,937,393 | 123,505,504 | 74,674,350 | 33,313,563 | 33,761,599 | 107,892,126 | 75,134,390 | ||
net investment income | 19,487,000 | 18,337,000 | 17,258,000 | 16,060,000 | 15,559,000 | 15,406,000 | 13,523,000 | 13,714,000 | 12,755,000 | 11,282,000 | 10,698,000 | 10,448,000 | 6,074,000 | 5,221,000 | 4,042,000 | 3,894,000 | 2,797,000 | 2,858,000 | 2,986,000 | 2,823,000 | 4,557,000 | 6,179,000 | 6,834,000 | 7,578,000 | 7,613,000 | 7,410,000 | 8,142,000 | 7,603,000 | 6,642,000 | 5,786,000 | 4,785,000 | 4,448,000 | 3,085,000 | 3,223,000 | 2,704,000 | 3,489,000 | 2,304,000 | 2,142,000 | 1,605,000 | 1,779,000 | 1,307,000 | 1,207,000 | 862,000 | 801,000 | 644,000 | 412,000 | 518,000 | 1,398,000 | 382,000 | 137,000 | 12,000 | 278,000 | 215,000 | -16,000 | -36,000 | 122,000 | -21,000 | 257,000 | 615,660 | 376,575 | 310,571 | 192,953 | 68,592 | 1,385,007 | 798,482 | ||
net realized gains on investments | 734,000 | -345,000 | 5,280,000 | -14,000 | 219,000 | -1,146,000 | -77,000 | -892,000 | -431,000 | 882,000 | -788,000 | 723,000 | 292,000 | -725,000 | 58,000 | 535,000 | 4,319,000 | 496,000 | 542,000 | 9,058,000 | 53,827,000 | 168,000 | 299,000 | 437,000 | -22,000 | -1,605,000 | 120,000 | 803,000 | 1,710,000 | -63,000 | 950,000 | 101,000 | 576,000 | 667,000 | 768,000 | 11,000 | 110,000 | 171,000 | 274,000 | 501,000 | 3,950,000 | 902,000 | 1,242,000 | 56,000 | -1,000 | -16,037,000 | 353,000 | -3,142,000 | -1,705,000 | -7,449,000 | 5,884,000 | 2,960,000 | 3,652,000 | ||||||||||||||
net change in unrealized gains on investments | -5,331,000 | 10,000 | -1,824,000 | 7,299,000 | 3,106,000 | -62,000 | 15,000 | 23,000 | 7,874,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
commission revenue | 14,731,000 | 14,598,000 | 15,854,000 | 16,275,000 | 16,121,000 | 12,959,000 | 11,033,000 | 10,960,000 | 10,830,000 | 14,986,000 | 17,282,000 | 18,011,000 | 12,592,000 | 11,404,000 | 11,161,000 | 11,245,000 | 11,418,000 | 9,860,000 | 9,126,000 | 9,393,000 | 8,997,000 | 7,758,000 | 7,015,000 | 7,168,000 | 7,380,000 | 6,048,000 | 5,505,000 | 5,800,000 | 5,658,000 | 5,709,000 | 5,271,000 | 6,707,000 | 5,304,000 | 4,644,000 | 4,598,000 | 4,806,000 | 4,603,000 | 4,210,000 | 4,113,000 | 4,113,000 | 4,115,000 | 3,474,000 | 3,168,000 | 3,323,000 | 3,123,000 | 3,670,000 | 4,089,000 | 4,178,000 | 4,180,000 | 5,271,000 | 4,986,000 | 4,889,000 | 4,822,000 | 6,131,000 | 4,541,000 | 5,192,000 | 4,941,000 | 4,180,000 | -7,574,351 | 25,469,318 | 17,521,299 | 8,737,871 | 7,745,361 | 23,413,086 | 15,307,618 | ||
policy fees | 4,982,000 | 5,389,000 | 5,603,000 | 4,493,000 | 4,315,000 | 5,194,000 | 4,405,000 | 4,219,000 | 5,111,000 | 5,384,000 | 4,167,000 | 4,191,000 | 5,272,000 | 5,940,000 | 4,779,000 | 4,892,000 | 5,859,000 | 6,575,000 | 5,387,000 | 5,520,000 | 6,167,000 | 6,546,000 | 5,540,000 | 4,973,000 | 5,569,000 | 5,997,000 | 5,021,000 | 4,532,000 | 5,204,000 | 5,764,000 | 4,775,000 | 4,244,000 | 4,861,000 | 5,250,000 | 4,483,000 | 3,787,000 | 4,226,000 | 4,753,000 | 4,114,000 | 3,437,000 | 3,820,000 | 4,352,000 | 3,832,000 | 3,155,000 | 3,416,000 | 3,899,000 | 3,512,000 | 2,924,000 | 3,231,000 | 3,819,000 | 3,687,000 | 3,041,000 | 3,461,000 | 4,072,000 | 3,901,000 | 3,535,000 | 4,402,000 | 4,173,000 | |||||||||
other revenue | 2,060,000 | 2,030,000 | 2,014,000 | 2,322,000 | 2,065,000 | 2,106,000 | 1,944,000 | 1,414,000 | 2,028,000 | 2,031,000 | 1,968,000 | 1,832,000 | 2,099,000 | 1,989,000 | 1,774,000 | 1,769,000 | 1,966,000 | 1,991,000 | 1,905,000 | 1,972,000 | 1,935,000 | 1,812,000 | 2,782,000 | 2,603,000 | 1,929,000 | 1,756,000 | 1,684,000 | 1,905,000 | 1,783,000 | 1,633,000 | 1,842,000 | 2,085,000 | 1,673,000 | 1,651,000 | 1,593,000 | 1,599,000 | 1,668,000 | 1,660,000 | 1,499,000 | 1,406,000 | 1,637,000 | 1,560,000 | 1,417,000 | 1,509,000 | 1,528,000 | 1,696,000 | 1,477,000 | 1,447,000 | 1,577,000 | 1,640,000 | 1,524,000 | 1,440,000 | 1,578,000 | 1,540,000 | 1,440,000 | 1,486,000 | 1,506,000 | 1,408,000 | 1,386,871 | 3,488,748 | 2,020,332 | 1,004,253 | 1,178,547 | 4,214,347 | 2,901,730 | ||
total revenues | 393,565,000 | 400,981,000 | 400,141,000 | 394,867,000 | 384,809,000 | 387,554,000 | 367,959,000 | 375,456,000 | 360,048,000 | 339,570,000 | 316,508,000 | 330,360,000 | 312,810,000 | 292,006,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
yoy | 2.28% | 3.46% | 8.75% | 5.17% | 6.88% | 14.13% | 16.26% | 13.65% | 15.10% | 16.29% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
qoq | -1.85% | 0.21% | 1.34% | 2.61% | -0.71% | 5.33% | -2.00% | 4.28% | 6.03% | 7.29% | -4.19% | 5.61% | 7.12% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
operating costs and expenses | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
losses and loss adjustment expenses | 228,096,000 | 252,279,000 | 260,305,000 | 250,555,000 | 286,652,000 | 316,955,000 | 240,187,000 | 274,783,000 | 287,972,000 | 223,727,000 | 206,154,000 | 222,545,000 | 330,444,000 | 200,304,000 | 185,106,000 | 280,440,000 | 187,581,000 | 167,221,000 | 143,963,000 | 233,940,000 | 238,477,000 | 151,345,000 | 135,048,000 | 244,445,000 | 132,571,000 | 113,296,000 | 113,094,000 | 162,740,000 | 85,947,000 | 89,842,000 | 75,926,000 | 83,299,000 | 116,375,000 | 80,184,000 | 70,570,000 | 101,480,000 | 73,548,000 | 60,083,000 | 66,117,000 | 60,591,000 | 53,854,000 | 39,704,000 | 33,590,000 | 34,590,000 | 34,181,000 | 27,679,000 | 26,825,000 | 28,597,000 | 28,335,000 | 25,199,000 | 26,483,000 | 34,275,000 | 36,301,000 | 29,437,000 | 26,174,000 | 29,343,000 | 25,852,000 | 26,185,000 | 35,498,745 | 77,856,730 | 48,486,605 | 23,651,712 | 37,437,583 | 68,695,552 | 44,926,823 | ||
policy acquisition costs | 64,473,000 | 63,594,000 | 61,878,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other operating costs and expenses | 27,709,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total operating costs and expenses | 320,278,000 | 346,601,000 | 352,147,000 | 337,799,000 | 375,852,000 | 404,058,000 | 318,853,000 | 347,925,000 | 366,294,000 | 300,402,000 | 282,081,000 | 295,881,000 | 404,417,000 | 279,595,000 | 263,403,000 | 357,120,000 | 260,790,000 | 249,122,000 | 226,406,000 | 300,125,000 | 315,457,000 | 225,266,000 | 207,691,000 | 308,455,000 | 201,745,000 | 182,792,000 | 182,842,000 | 227,614,000 | 154,988,000 | 148,540,000 | 139,801,000 | 142,721,000 | 173,644,000 | 137,564,000 | 127,503,000 | 155,877,000 | 128,273,000 | 114,908,000 | 123,347,000 | 114,221,000 | 109,143,000 | 82,371,000 | 65,787,000 | 67,556,000 | 66,348,000 | 56,580,000 | 51,188,000 | 51,587,000 | 53,255,000 | 48,068,000 | 47,693,000 | 65,863,000 | 60,563,000 | 46,936,000 | 44,018,000 | 48,170,000 | 40,551,000 | 41,257,000 | 55,967,863 | 121,677,566 | 72,064,585 | 34,029,530 | 58,994,585 | 105,484,720 | 63,041,247 | ||
interest and amortization of debt issuance costs | 1,595,000 | 1,603,000 | 1,608,000 | 1,612,000 | 1,612,000 | 1,619,000 | 1,622,000 | 1,635,000 | 1,631,000 | 1,629,000 | 1,636,000 | 1,640,000 | 1,630,000 | 1,731,000 | 1,608,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
income before income taxes | 71,692,000 | 52,777,000 | 46,386,000 | 55,456,000 | 19,316,500 | -18,123,000 | 47,484,000 | 15,613,250 | -7,877,000 | 37,539,000 | 32,791,000 | -15,021,500 | -93,237,000 | 10,680,000 | 22,471,000 | -64,461,000 | 26,464,000 | 30,059,000 | 36,351,000 | -26,999,000 | -3,792,000 | 27,438,000 | 27,584,000 | -69,053,000 | 27,896,000 | 50,930,000 | 53,744,000 | -11,241,000 | 51,167,000 | 61,248,000 | 51,699,000 | 58,591,000 | 16,599,000 | 47,923,000 | 47,371,000 | 22,727,000 | 44,163,000 | 54,894,000 | 41,099,000 | 47,880,000 | 47,900,000 | 41,220,000 | 38,023,000 | 36,926,000 | 37,152,000 | 30,409,000 | 23,117,000 | 25,993,000 | 25,113,000 | 29,688,000 | 19,762,000 | 9,364,000 | 13,974,000 | 12,992,000 | 16,229,000 | 1,243,000 | 13,121,000 | 23,076,000 | 9,723,642 | 52,554,161 | 29,015,361 | 13,598,074 | -5,002,648 | 51,165,472 | 32,625,898 | ||
income tax expense | 17,401,000 | 12,947,000 | 11,293,000 | 14,017,000 | 1,327,000 | -1,960,000 | 13,827,000 | 5,897,000 | -1,962,000 | 8,973,000 | 8,618,000 | 7,728,000 | -20,962,000 | 3,310,000 | 4,934,000 | -16,336,000 | 6,281,000 | 8,118,000 | 9,943,000 | -9,324,000 | -623,000 | 7,556,000 | 7,517,000 | -17,980,000 | 7,750,000 | 13,637,000 | 13,596,000 | -4,773,000 | 13,787,000 | 15,164,000 | 11,644,000 | 22,195,000 | 6,635,000 | 18,547,000 | 16,172,000 | 9,073,000 | 17,281,000 | 21,247,000 | 15,873,000 | 18,728,000 | 17,602,000 | 16,516,000 | 15,693,000 | ||||||||||||||||||||||||
net income | 54,291,000 | 39,830,000 | 35,093,000 | 41,439,000 | 6,018,000 | -16,163,000 | 33,657,000 | 19,999,000 | -5,915,000 | 28,566,000 | 24,173,000 | 25,111,000 | -72,275,000 | 7,370,000 | 17,537,000 | -48,125,000 | 20,183,000 | 21,941,000 | 26,408,000 | -17,675,000 | -3,169,000 | 19,882,000 | 20,067,000 | -51,073,000 | 20,146,000 | 37,293,000 | 40,148,000 | -6,468,000 | 37,380,000 | 46,084,000 | 40,055,000 | 36,396,000 | 9,964,000 | 29,376,000 | 31,199,000 | 13,654,000 | 26,882,000 | 33,647,000 | 25,226,000 | 29,152,000 | 30,298,000 | 24,704,000 | 22,330,000 | 20,972,000 | 21,341,000 | 17,126,000 | 13,549,000 | 15,582,000 | 14,407,000 | 17,029,000 | 11,959,000 | 975,000 | 7,549,000 | 13,898,000 | 4,828,100 | 32,155,662 | 17,710,978 | 8,306,969 | -2,803,610 | 31,590,908 | 20,076,388 | ||||||
yoy | 802.14% | -346.43% | 4.27% | 107.21% | -201.74% | -156.58% | 39.23% | -20.36% | -91.82% | 287.60% | 37.84% | -152.18% | -458.10% | -66.41% | -33.59% | 172.28% | -736.89% | 10.36% | 31.60% | -65.39% | -115.73% | -46.69% | -50.02% | 689.63% | -46.10% | -19.08% | 0.23% | -117.77% | 275.15% | 56.88% | 28.39% | 166.56% | -62.93% | -12.69% | 23.68% | -53.16% | -11.27% | 36.20% | 12.97% | 39.00% | 41.97% | 44.25% | 64.81% | 34.59% | 48.13% | 0.57% | 13.30% | -96.97% | -57.38% | 67.31% | -272.21% | 1.79% | -11.78% | ||||||||||||||
qoq | 36.31% | 13.50% | -15.31% | 588.58% | -137.23% | -148.02% | 68.29% | -438.11% | -120.71% | 18.17% | -3.74% | -134.74% | -1080.66% | -57.97% | -136.44% | -338.44% | -8.01% | -16.92% | -249.41% | 457.75% | -115.94% | -0.92% | -139.29% | -353.51% | -45.98% | -7.11% | -720.72% | -117.30% | -18.89% | 15.05% | 10.05% | 265.27% | -66.08% | -5.84% | 128.50% | -49.21% | -20.11% | 33.38% | -13.47% | -3.78% | 22.64% | 10.63% | 6.48% | -1.73% | 24.61% | 26.40% | -13.05% | 8.16% | -15.40% | 42.39% | -87.08% | -45.68% | 187.86% | -84.99% | 81.56% | 113.21% | -396.30% | -108.87% | 57.35% | ||||||||
net income margin % | 13.79% | 9.93% | 8.77% | 10.49% | 1.56% | -4.17% | 9.15% | 5.33% | -1.64% | 8.41% | 7.64% | 7.60% | -23.11% | 2.52% | Infinity% | -Infinity% | Infinity% | Infinity% | Infinity% | -Infinity% | -Infinity% | Infinity% | Infinity% | -Infinity% | Infinity% | Infinity% | Infinity% | -Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | NaN% | NaN% | NaN% | NaN% | NaN% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | -Infinity% | Infinity% | Infinity% | |
basic earnings per common share | 1,960 | 1,430 | 1,250 | 1,480 | 220 | -570 | 1,170 | 680 | -200 | 940 | 800 | 820 | -2,360 | 240 | 560 | -1,540 | 650 | 700 | 850 | -540 | -100 | 620 | 620 | -1,480 | 600 | 1,090 | 1,160 | -180 | 1,070 | 1,320 | 1,150 | 1,050 | 290 | 840 | 890 | 390 | 770 | 960 | 730 | 840 | 870 | 710 | 650 | 620 | 640 | 500 | 410 | 460 | 430 | 470 | 300 | 110 | 210 | 200 | 240 | 20 | |||||||||||
weighted-average common shares outstanding - basic | 27,651,000 | 27,851,000 | 27,972,000 | 28,091,000 | 28,498,000 | 28,355,000 | 28,869,000 | 29,829,000 | 29,617,000 | 30,265,000 | 30,382,000 | 30,751,000 | 30,604,000 | 30,829,000 | 31,147,000 | 31,218,000 | 31,247,000 | 31,240,000 | 31,208,000 | 31,884,000 | 31,659,000 | 32,102,000 | 32,591,000 | 33,893,000 | 33,649,000 | 34,311,000 | 34,741,000 | 34,856,000 | 34,861,000 | 34,909,000 | 34,839,000 | 34,841,000 | 34,686,000 | 34,959,000 | 35,140,000 | 34,919,000 | 35,042,000 | 35,062,000 | 34,527,000 | 34,799,000 | 34,911,000 | 35,019,000 | 34,578,000 | 33,569,000 | 33,432,000 | 33,968,000 | 36,378,000 | 39,917,000 | 39,614,000 | ||||||||||||||||||
diluted earnings per common share | 1,880 | 1,380 | 1,210 | 1,440 | 210 | -570 | 1,140 | 680 | -200 | 930 | 790 | 820 | -2,360 | 240 | 560 | -1,540 | 640 | 700 | 840 | -540 | -100 | 620 | 610 | -1,460 | 590 | 1,080 | 1,140 | -180 | 1,040 | 1,290 | 1,120 | 1,030 | 280 | 820 | 860 | ||||||||||||||||||||||||||||||||
weighted-average common shares outstanding - diluted | 28,831,000 | 28,808,000 | 29,072,000 | 28,779,000 | 29,274,000 | 28,355,000 | 29,404,000 | 30,147,000 | 29,617,000 | 30,659,000 | 30,626,000 | 30,751,000 | 30,604,000 | 30,883,000 | 31,227,000 | 31,307,000 | 31,337,000 | 31,310,000 | 31,277,000 | 31,972,000 | 31,659,000 | 32,170,000 | 32,731,000 | 34,233,000 | 33,930,000 | 34,612,000 | 35,206,000 | 35,786,000 | 35,919,000 | 35,589,000 | 35,660,000 | 35,809,000 | 35,615,000 | 35,958,000 | 36,180,000 | 35,650,000 | 35,723,000 | 35,649,000 | 35,594,000 | 35,884,000 | 35,999,000 | 36,002,000 | 36,081,000 | 35,150,000 | 34,812,000 | 35,174,000 | 38,314,000 | 41,199,000 | 40,616,000 | ||||||||||||||||||
cash dividend declared per common share | 160 | 160 | 160 | 160 | 290 | 160 | 160 | 290 | 160 | 160 | 160 | 290 | 160 | 160 | 160 | 290 | 160 | 160 | 160 | 290 | 160 | 160 | 160 | 290 | 160 | 160 | 160 | 290 | 160 | 140 | 140 | 270 | 140 | 140 | 140 | 270 | 140 | 140 | 140 | 270 | 120 | 120 | 120 | 250 | 100 | 100 | 100 | 230 | 100 | 80 | 80 | 80 | 100 | 80 | 0.1 | 0.1 | 0.22 | 0.22 | 0.12 | 0.2 | 0.34 | 0.34 | |||||
net change in unrealized gains on equity investments | 1,296,000 | -6,061,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other operating expenses | 30,728,000 | 29,964,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
general and administrative expenses | 87,244,000 | 89,200,000 | 87,103,000 | 78,666,000 | 73,142,000 | 78,322,000 | 76,675,000 | 75,927,000 | 73,336,000 | 73,973,000 | 79,291,000 | 78,297,000 | 76,680,000 | 73,209,000 | 81,901,000 | 82,443,000 | 66,185,000 | 76,980,000 | 73,921,000 | 72,643,000 | 64,010,000 | 69,174,000 | 69,496,000 | 69,748,000 | 64,874,000 | 69,041,000 | 58,698,000 | 63,875,000 | 59,422,000 | 57,269,000 | 57,380,000 | 56,933,000 | 54,397,000 | 54,725,000 | 54,825,000 | 57,230,000 | 53,630,000 | 55,289,000 | 42,667,000 | 32,197,000 | 32,966,000 | 32,167,000 | 28,901,000 | 24,363,000 | 22,990,000 | 24,920,000 | 22,869,000 | 21,210,000 | 31,588,000 | 24,262,000 | 17,499,000 | 17,844,000 | 18,827,000 | 14,699,000 | 15,072,000 | 20,469,118 | 43,820,836 | 23,577,980 | 10,377,818 | 21,557,002 | 36,789,168 | 18,114,424 | |||||
change in unearned premium | 48,444,000 | -66,606,000 | 35,893,000 | 49,509,000 | -57,677,000 | -83,802,000 | 45,266,000 | 47,742,000 | -48,227,000 | -103,722,000 | 18,122,000 | 18,490,000 | -22,363,000 | -81,053,000 | 10,292,000 | 6,002,000 | -52,210,000 | -67,046,000 | -8,602,000 | 18,916,000 | -29,807,000 | -54,852,000 | 6,143,000 | 28,014,000 | -20,772,000 | -68,754,000 | -7,723,000 | 23,855,000 | -19,935,000 | -51,568,000 | -9,040,000 | 25,821,000 | -7,388,000 | ||||||||||||||||||||||||||||||||||
direct premium earned | 519,339,000 | 507,745,000 | 482,072,000 | 482,126,000 | 474,311,000 | 463,324,000 | 455,368,000 | 463,843,000 | 452,450,000 | 428,805,000 | 414,603,000 | 417,817,000 | 410,621,000 | 392,574,000 | 375,606,000 | 374,825,000 | 357,208,000 | 337,639,000 | 325,951,000 | 321,571,000 | 313,065,000 | 303,108,000 | 295,377,000 | 296,948,000 | 288,404,000 | 274,027,000 | 262,261,000 | 263,391,000 | 254,809,000 | 244,623,000 | 236,375,000 | 238,656,000 | 234,500,000 | ||||||||||||||||||||||||||||||||||
ceded premium earned | -170,985,000 | -162,009,000 | -148,047,000 | -146,728,000 | -143,271,000 | -160,050,000 | -173,144,000 | -171,973,000 | -161,819,000 | -151,744,000 | -145,539,000 | -146,485,000 | -145,967,000 | -136,402,000 | -132,301,000 | -132,652,000 | -123,017,000 | -111,269,000 | -105,122,000 | -105,752,000 | -106,466,000 | -92,751,000 | -85,650,000 | -92,353,000 | -99,466,000 | -81,755,000 | -79,684,000 | -79,683,000 | -80,292,000 | -75,614,000 | -74,816,000 | -74,683,000 | -74,966,000 | ||||||||||||||||||||||||||||||||||
net change in unrealized gains of equity securities | 350,750 | -1,285,000 | 1,731,000 | 957,000 | 3,285,000 | -4,150,000 | -8,884,000 | -3,396,000 | -1,008,000 | -3,759,000 | 1,229,000 | -494,000 | 2,187,000 | 1,991,000 | 3,871,000 | -8,024,000 | 824,000 | 573,000 | 3,759,000 | 18,032,000 | -8,066,000 | -2,473,000 | -1,521,000 | ||||||||||||||||||||||||||||||||||||||||||||
premiums earned and other revenues | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total premiums earned and other revenues | 287,482,000 | 292,659,000 | 287,254,000 | 279,181,000 | 262,757,000 | 273,126,000 | 311,665,000 | 252,704,000 | 235,275,000 | 239,402,000 | 229,641,000 | 233,722,000 | 236,586,000 | 216,373,000 | 206,155,000 | 209,788,000 | 191,500,000 | 201,312,000 | 190,243,000 | 185,487,000 | 174,874,000 | 178,604,000 | 172,436,000 | 169,802,000 | 164,446,000 | 162,101,000 | 157,043,000 | 123,591,000 | 103,810,000 | 104,482,000 | 103,500,000 | 86,989,000 | 74,305,000 | 77,580,000 | 78,368,000 | 77,756,000 | 67,455,000 | 75,227,000 | 74,537,000 | 59,928,000 | 60,247,000 | 49,413,000 | 53,672,000 | 64,333,000 | 65,691,505 | 174,231,727 | 101,079,946 | 47,627,604 | 53,991,937 | 156,650,192 | 95,667,145 | ||||||||||||||||
net realized gains on sale of securities | -11,525,000 | 4,000 | 403,000 | 145,000 | -2,641,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net change in unrealized gains of securities | -5,109,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
fully diluted earnings per common share | 602.5 | 750 | 940 | 710 | 820 | 840 | 690 | 620 | 600 | 610 | 490 | 380 | 430 | 400 | 440 | 290 | 110 | 200 | 190 | 240 | 20 | ||||||||||||||||||||||||||||||||||||||||||||||
ceded premiums written | -72,874,000 | -74,059,000 | -71,383,000 | -71,150,000 | -7,933,000 | -106,497,000 | -98,106,000 | -103,492,000 | -76,483,000 | -121,649,000 | -121,941,000 | -124,961,000 | -133,897,000 | -141,317,000 | -118,961,000 | -132,776,000 | -102,433,000 | -163,434,000 | -123,984,000 | -145,798,000 | -123,891,000 | -109,282,730 | -357,411,323 | -248,872,199 | -127,567,966 | -99,866,092 | -328,518,186 | -224,366,164 | |||||||||||||||||||||||||||||||||||||||
net premiums written | 199,047,000 | 153,914,000 | 127,879,000 | 151,422,000 | 242,038,000 | 105,108,000 | 84,110,000 | 91,943,000 | 143,526,000 | 70,268,000 | 51,789,000 | 61,118,000 | 86,049,000 | 62,822,000 | 55,610,000 | 60,210,000 | 120,135,000 | 26,569,000 | 47,386,000 | 67,681,000 | 49,284,000 | 36,244,962 | 163,370,247 | 119,247,133 | 32,531,679 | 26,194,839 | 108,092,503 | 77,618,125 | |||||||||||||||||||||||||||||||||||||||
change in net unearned premium | -42,586,000 | -1,466,000 | -10,748,000 | 11,310,000 | 2,345,000 | -70,164,000 | -6,461,000 | 14,664,000 | 7,809,000 | -19,182,000 | 2,587,000 | 11,664,000 | -698,000 | -64,441,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
change in net unearned premiums | -36,292,000 | -5,269,000 | -129,150,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income taxes, current | 15,665,000 | 15,376,000 | 13,398,000 | 9,059,000 | 8,776,000 | 9,142,000 | 12,351,000 | 3,947,000 | 7,950,000 | 624,000 | 9,086,000 | 774,000 | 7,331,000 | 9,622,000 | 8,737,000 | 7,873,517 | 18,980,805 | 11,656,144 | 3,411,241 | -632,980 | 16,127,712 | 8,949,654 | |||||||||||||||||||||||||||||||||||||||||||||
income taxes, deferred | 289,000 | 435,000 | -115,000 | 509,000 | 1,635,000 | 1,564,000 | 308,000 | 3,856,000 | -2,992,000 | 5,094,000 | -3,871,000 | 5,582,000 | -7,063,000 | -4,050,000 | 441,000 | -2,977,975 | 1,417,694 | -351,761 | 1,879,864 | -1,566,058 | 3,446,852 | 3,599,856 | |||||||||||||||||||||||||||||||||||||||||||||
income taxes | 15,954,000 | 15,811,000 | 13,283,000 | 9,568,000 | 10,411,000 | 10,706,000 | 12,659,000 | 7,803,000 | 4,958,000 | 5,718,000 | 5,215,000 | 6,356,000 | 268,000 | 5,572,000 | 9,178,000 | 4,895,542 | 20,398,499 | 11,304,383 | 5,291,105 | -2,199,038 | 19,574,564 | 12,549,510 | |||||||||||||||||||||||||||||||||||||||||||||
weighted-average common shares outstanding—basic | 33,422,000 | 35,866,000 | 33,658,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
weighted-average common shares outstanding—diluted | 35,641,000 | 37,776,000 | 35,611,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net foreign currency gains on investments | -1,000 | 23,000 | -455,000 | 71,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net unrealized gains on investments | 2,872,500 | 8,091,000 | -5,788,000 | 9,187,000 | -15,985,000 | 2,588,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income and comprehensive income | 6,476,500 | 8,256,000 | 7,777,000 | 9,873,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
weighted-average of common shares outstanding - basic | 39,679,000 | 39,668,000 | 39,190,000 | 37,589,412 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
weighted-average of common shares outstanding - diluted | 40,450,000 | 40,377,000 | 40,330,000 | 40,225,815 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash dividends declared per common share | 65 | 80 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
decrease in net unearned premium | 22,071,000 | 2,248,000 | -18,157,000 | -1,280,000 | 10,692,431 | -39,864,743 | -44,572,783 | 781,884 | 7,566,760 | -200,377 | -2,483,735 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
weighted-average of common shares outstanding—basic | 39,388,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
weighted-average of common shares outstanding—diluted | 40,544,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net unrealized losses on investments | -9,640,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other-than-temporary impairment of investments | -2,407,680 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
basic net income per common share | 190 | 350 | 0.13 | 0.82 | 0.45 | 0.21 | -0.08 | 0.84 | 0.53 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
weighted-average of common shares outstanding — basic | 39,187,000 | 39,388,000 | 39,113,302 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
fully diluted net income per share | 0.19 | 0.34 | 0.12 | 0.8 | 0.44 | 0.21 | -0.07 | 0.78 | 0.5 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
weighted-average of common shares outstanding — diluted | 40,645 | 40,509 | 40,249,677 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
realized gains on investments | 2,998,339.75 | 11,993,359 | 8,152,024 | 3,694,717 | 10,586,364 | 13,588,681 | 1,452,609 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
unrealized gains on investments | 2,149,308.25 | 8,597,233 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
foreign currency transaction gains | 200,247.5 | 800,990 | 809,050 | 72,316 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
weighted-average of common shares | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
outstanding - basic | 9,768,892.75 | 39,075,571 | 39,028,976 | 38,889,176 | 16,476 | 37,601,409 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
outstanding - diluted | 10,096,611.25 | 40,386,445 | 40,440,773 | 40,434,042 | 97,115 | 40,374,409 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
comprehensive income: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
change in net unrealized gains on investments, net of tax | -139,554.25 | -558,217 | -966,901 | -3,236,494 | -4,052,085 | 4,590,905 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
comprehensive income | 7,899,361.25 | 31,597,445 | 16,744,077 | 5,070,475 | -6,855,695 | 36,181,813 | 28,305,364 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
foreign currency gains on investments | 684,247 | 651,474 | 6,156,945 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
the accompanying notes to condensed consolidated financial statements are an integral part of these statements. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net unrealized gains on investments, net of tax | 8,228,976 |
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 | 2024-03-31 | 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 | 2016-06-30 | 2016-03-31 | 2015-12-31 | 2015-09-30 | 2015-06-30 | 2015-03-31 | 2014-12-31 | 2014-09-30 | 2014-06-30 | 2014-03-31 | 2013-12-31 | 2013-09-30 | 2013-06-30 | 2013-03-31 | 2012-12-31 | 2012-09-30 | 2012-06-30 | 2012-03-31 | 2011-12-31 | 2011-09-30 | 2011-06-30 | 2011-03-31 | 2010-12-31 | 2010-09-30 | 2010-06-30 | 2010-03-31 | 2009-12-31 | 2009-09-30 | 2009-06-30 | 2009-03-31 | 2008-12-31 |
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assets | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
available-for-sale debt securities, at fair value, net of allowance for credit loss of 816 and 631 | 1,421,952,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
equity securities, at fair value | 98,624,000 | 85,420,000 | 95,992,000 | 92,866,000 | 79,983,000 | 77,752,000 | 79,470,000 | 81,659,000 | 80,495,000 | 76,995,000 | 75,571,000 | 92,906,000 | 85,469,000 | 82,387,000 | 79,844,000 | 65,126,000 | 47,334,000 | 77,099,000 | 95,690,000 | 91,291,000 | 84,887,000 | 52,700,000 | 49,708,000 | 45,838,000 | 43,717,000 | 43,141,000 | 42,368,000 | 53,175,000 | 63,277,000 | 62,215,000 | 26,075,000 | 9,927,000 | 50,286,000 | 50,803,000 | 44,240,000 | 35,543,000 | 31,754,000 | 42,214,000 | 46,627,000 | 38,515,000 | 21,396,000 | 19,642,000 | 20,387,000 | 12,420,000 | 60,152,000 | 85,041,000 | 48,875,000 | 81,713,000 | 96,996,000 | ||||||||||||||||||||
other investments, at fair value | 10,693,000 | 10,693,000 | 3,903,000 | 3,932,000 | 15,682,000 | 16,123,000 | 12,248,000 | 10,434,000 | 10,434,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investment real estate | 5,419,000 | 5,463,000 | 8,322,000 | 5,618,000 | 5,479,000 | 5,525,000 | 5,572,000 | 5,618,000 | 5,665,000 | 5,711,000 | 5,752,000 | 5,798,000 | 5,845,000 | 5,891,000 | 5,934,000 | 5,981,000 | 6,027,000 | 15,176,000 | 15,280,000 | 15,377,000 | 15,481,000 | 15,585,000 | 15,688,000 | 15,792,000 | 25,070,000 | 24,439,000 | 23,720,000 | 19,539,000 | 19,406,000 | 18,474,000 | 16,324,000 | 15,104,000 | 13,104,000 | 11,435,000 | 10,384,000 | 8,102,000 | 8,110,000 | 6,117,000 | 5,820,000 | 5,849,000 | |||||||||||||||||||||||||||||
total invested assets | 1,536,688,000 | 1,532,604,000 | 1,518,941,000 | 1,500,006,000 | 1,428,256,000 | 1,371,276,000 | 1,374,068,000 | 1,204,630,000 | 1,160,784,000 | 1,114,125,000 | 1,132,697,000 | 1,125,126,000 | 1,105,806,000 | 1,084,922,000 | 1,106,648,000 | 1,085,648,000 | 1,093,680,000 | 1,112,443,000 | 1,030,524,000 | 1,017,304,000 | 919,924,000 | 910,554,000 | 934,503,000 | 928,568,000 | 914,586,000 | 937,396,000 | 942,253,000 | 918,273,000 | 908,154,000 | 853,236,000 | 747,167,000 | 729,687,000 | 730,023,000 | 651,578,000 | 634,940,000 | 666,066,000 | |||||||||||||||||||||||||||||||||
cash and cash equivalents | 595,771,000 | 408,868,000 | 405,114,000 | 367,108,000 | 398,184,000 | 259,441,000 | 333,678,000 | 396,323,000 | 397,306,000 | 343,532,000 | 291,681,000 | 330,155,000 | 388,706,000 | 307,435,000 | 316,952,000 | 165,398,000 | 250,508,000 | 224,822,000 | 286,493,000 | 90,829,000 | 167,156,000 | 405,132,000 | 331,716,000 | 180,780,000 | 182,109,000 | 159,638,000 | 181,614,000 | 185,061,000 | 166,428,000 | 252,289,000 | 311,088,000 | 244,673,000 | 213,486,000 | 366,176,000 | 245,495,000 | 160,364,000 | 105,730,000 | 205,241,000 | 215,283,000 | 160,034,000 | 197,014,000 | 201,774,000 | 213,330,000 | 182,311,000 | 115,397,000 | 170,352,000 | 201,357,000 | 122,771,000 | 117,275,000 | 137,286,000 | 180,857,000 | 482,876,000 | 347,392,000 | 365,675,000 | 356,325,000 | 325,968,000 | 229,685,000 | 328,838,000 | 356,739,000 | 281,113,000 | 147,585,464 | 294,972,027 | 262,444,768 | 228,541,314 | 192,924,291 | 275,042,884 | 168,143,375 | 158,204,010 | 256,964,637 |
restricted cash and cash equivalents | 2,635,000 | 68,970,000 | 69,110,000 | 68,635,000 | 2,635,000 | 2,635,000 | 68,635,000 | 2,635,000 | 2,635,000 | 69,488,000 | 68,636,000 | 2,635,000 | 2,635,000 | 2,703,000 | 20,125,000 | 2,635,000 | 2,635,000 | 15,836,000 | 6,134,000 | 12,715,000 | 12,715,000 | 21,115,000 | 2,945,000 | 2,635,000 | 2,635,000 | 2,635,000 | 2,635,000 | 2,635,000 | 2,635,000 | 2,635,000 | 2,635,000 | 2,635,000 | 2,635,000 | 2,635,000 | 2,635,000 | 2,635,000 | 2,635,000 | 2,635,000 | 2,635,000 | 2,635,000 | 2,635,000 | 2,635,000 | 2,635,000 | 2,635,000 | 2,635,000 | 6,597,000 | 2,635,000 | 2,635,000 | 2,600,000 | 2,600,000 | 2,653,000 | 2,653,000 | 33,009,000 | 95,135,000 | 74,274,000 | 48,178,000 | 78,312,000 | ||||||||||||
prepaid reinsurance premiums | 116,996,000 | 291,031,000 | 465,016,000 | 639,022,000 | 105,480,000 | 262,716,000 | 418,834,000 | 88,499,000 | 236,254,000 | 379,501,000 | 525,489,000 | 124,308,000 | 282,427,000 | 452,230,000 | 590,093,000 | 109,401,000 | 240,993,000 | 386,466,000 | 532,308,000 | 100,221,000 | 215,723,000 | 333,062,000 | 453,018,000 | 70,113,000 | 175,208,000 | 280,297,000 | 381,982,000 | 57,100,000 | 142,750,000 | 228,408,000 | 310,618,000 | 53,123,000 | 132,806,000 | 212,489,000 | 285,480,000 | 49,754,000 | 124,385,000 | 198,910,000 | 122,444,000 | 119,927,000 | 114,673,000 | 113,240,000 | 110,739,000 | 194,691,000 | 190,505,000 | 195,322,000 | 193,811,000 | 236,026,000 | 241,214,000 | 250,506,000 | 255,941,000 | 252,479,000 | 239,921,000 | 248,899,000 | 247,835,000 | 276,365,000 | 243,095,000 | 251,342,000 | 253,582,000 | 228,395,000 | 221,085,933 | 228,363,400 | 233,086,613 | 221,022,592 | 200,294,241 | 207,851,243 | 210,149,023 | 178,240,090 | 173,046,776 |
reinsurance recoverables | 201,921,000 | 315,964,000 | 381,989,000 | 471,189,000 | 80,800,000 | 115,459,000 | 77,049,000 | 85,706,000 | 77,545,000 | 77,203,000 | 79,126,000 | 79,551,875 | 67,336,233 | 63,235,510 | 65,035,714 | 91,816,433 | 48,631,361 | 47,877,216 | 45,349,520 | 44,009,847 | |||||||||||||||||||||||||||||||||||||||||||||||||
premiums receivable | 75,962,000 | 75,721,000 | 82,398,000 | 83,593,000 | 71,873,000 | 77,936,000 | 92,400,000 | 73,974,000 | 77,064,000 | 88,536,000 | 79,503,000 | 64,844,000 | 69,574,000 | 79,621,000 | 79,309,000 | 61,670,000 | 64,923,000 | 71,132,000 | 74,072,000 | 62,488,000 | 66,883,000 | 76,800,000 | 76,885,000 | 63,883,000 | 59,858,000 | 56,500,000 | 66,687,000 | 64,004,000 | 56,224,000 | 53,833,000 | 60,570,000 | 61,433,000 | 54,719,000 | 50,980,000 | 56,617,000 | 59,171,000 | 55,033,000 | 50,987,000 | 54,647,000 | 55,005,000 | 48,105,000 | 46,461,000 | 52,399,000 | 56,846,000 | 50,832,000 | 50,125,000 | 56,044,000 | 56,377,000 | 45,628,000 | 45,828,000 | 50,580,000 | 52,020,000 | 43,417,000 | 43,622,606 | 48,516,258 | 49,351,405 | 38,709,483 | 37,363,110 | 44,307,299 | 49,235,788 | 46,568,202 | 40,358,720 | |||||||
property and equipment | 49,346,000 | 49,349,000 | 49,931,000 | 47,679,000 | 48,258,000 | 48,653,000 | 49,358,000 | 49,416,000 | 47,628,000 | 48,729,000 | 49,538,000 | 50,193,000 | 51,404,000 | 52,769,000 | 54,027,000 | 54,170,000 | 53,682,000 | 53,222,000 | 53,023,000 | 53,178,000 | 53,572,000 | 52,300,000 | 49,159,000 | 44,859,000 | 41,351,000 | 41,016,000 | 40,498,000 | 40,102,000 | 34,991,000 | 35,632,000 | 34,792,000 | 33,169,000 | 32,866,000 | 32,959,000 | 33,066,000 | 32,507,000 | 32,162,000 | 30,845,000 | 29,706,000 | 28,070,000 | 27,065,000 | 26,302,000 | 23,818,000 | 21,153,000 | 17,254,000 | 9,961,000 | 9,815,000 | 9,749,000 | 9,289,000 | 9,300,000 | 9,309,000 | 9,128,000 | 8,968,000 | 8,838,000 | 8,915,000 | 8,441,000 | 7,116,000 | 6,597,000 | 6,087,000 | 5,624,000 | 5,406,766 | 1,280,798 | 1,197,645 | 1,256,876 | 1,245,858 | 1,114,877 | 1,065,154 | 886,676 | 864,125 |
deferred policy acquisition costs | 126,159,000 | 128,564,000 | 132,658,000 | 125,221,000 | 115,830,000 | 121,178,000 | 125,305,000 | 106,632,000 | 109,985,000 | 114,590,000 | 107,047,000 | 97,893,000 | 103,654,000 | 111,861,000 | 110,983,000 | 103,622,000 | 108,822,000 | 113,979,000 | 115,971,000 | 111,193,000 | 110,614,000 | 111,295,000 | 103,527,000 | 94,354,000 | 91,882,000 | 94,820,000 | 90,530,000 | 83,284,000 | 84,686,000 | 90,643,000 | 88,756,000 | 78,007,000 | 73,059,000 | 75,934,000 | 73,591,000 | 66,524,000 | 64,912,000 | 68,300,000 | 67,190,000 | 61,158,000 | 60,019,000 | 63,003,000 | 62,181,000 | 26,195,000 | 25,660,000 | 27,832,000 | 28,077,000 | 15,893,000 | 15,899,000 | 16,953,000 | 17,241,000 | 17,377,000 | 17,282,000 | 18,019,000 | 17,744,000 | 11,798,000 | 12,996,000 | 13,013,000 | 12,026,000 | 10,139,000 | 9,445,679 | 12,852,849 | 14,041,890 | 12,436,392 | 9,464,624 | 9,116,132 | 8,442,050 | 347,924 | 407,946 |
deferred income tax asset | 37,809,000 | 27,658,000 | 18,949,000 | 15,093,000 | 46,217,000 | 42,163,000 | 23,683,000 | 49,277,000 | 43,175,000 | 49,326,000 | 37,543,000 | 58,804,000 | 57,258,000 | 49,668,000 | 30,262,000 | 40,072,000 | 16,331,000 | 5,249,000 | 17,488,000 | 6,284,000 | 1,473,000 | 15,582,000 | 3,351,000 | 14,417,000 | 14,586,000 | 7,948,000 | 177,000 | 11,436,000 | 9,286,000 | 5,300,000 | 15,389,000 | 10,674,000 | 1,877,000 | 6,599,000 | 11,840,000 | 13,912,000 | 12,196,000 | 10,250,000 | 11,717,000 | 11,850,000 | 11,958,000 | 11,813,000 | 11,472,000 | 12,051,000 | 13,756,000 | 16,652,000 | 15,322,000 | 19,178,000 | 16,185,000 | 21,280,000 | |||||||||||||||||||
other assets | 26,102,000 | 24,012,000 | 31,564,000 | 38,454,000 | 26,794,000 | 28,246,000 | 26,953,000 | 24,112,000 | 22,628,000 | 26,016,000 | 29,895,000 | 18,968,000 | 18,312,000 | 17,052,000 | 18,732,000 | 19,417,000 | 22,031,000 | 15,935,000 | 21,983,000 | 19,671,000 | 14,877,000 | 16,992,000 | 19,277,000 | 16,448,000 | 17,328,000 | 15,927,000 | 17,391,000 | 15,357,000 | 14,540,000 | 21,723,000 | 17,766,000 | 12,389,000 | 12,461,000 | 11,432,000 | 5,487,000 | 4,983,000 | 4,883,000 | 5,437,000 | 5,046,000 | 4,997,000 | 4,563,000 | 4,900,000 | 4,919,000 | 7,661,000 | 2,812,000 | 2,840,000 | 2,242,000 | 1,722,000 | 2,072,000 | 3,066,000 | 2,462,000 | 1,540,000 | 1,578,000 | 1,553,000 | 1,825,000 | 1,836,000 | 1,477,000 | 3,126,000 | 2,011,000 | 2,236,000 | 1,131,842 | 900,239 | 1,020,164 | 492,641 | 617,337 | 823,134 | 831,112 | 310,509 | 692,612 |
total assets | 2,769,389,000 | 2,839,695,000 | 3,089,645,000 | 3,275,818,000 | 2,714,716,000 | 2,841,861,000 | 2,650,518,000 | 2,120,144,000 | 2,316,561,000 | 2,558,855,000 | 2,918,010,000 | 2,551,020,000 | 2,890,154,000 | 3,126,894,000 | 2,382,768,000 | 1,748,955,000 | 2,056,141,000 | 2,143,228,000 | 2,341,535,000 | 1,717,453,000 | 1,758,741,000 | 2,050,184,000 | 2,046,899,000 | 1,545,513,000 | 1,719,852,000 | 1,829,278,000 | 2,064,123,000 | 1,697,869,000 | 1,858,390,000 | 1,723,269,000 | 1,711,277,000 | 1,295,707,000 | 1,454,999,000 | 1,857,061,000 | 1,370,059,000 | 1,060,439,000 | 1,060,007,000 | 1,234,222,000 | 1,149,509,000 | 1,028,996,000 | 993,548,000 | 1,078,366,000 | 1,047,367,000 | 967,157,000 | 911,774,000 | 940,265,000 | 950,402,000 | 901,432,000 | 920,090,000 | 972,344,000 | 1,001,799,000 | 964,123,000 | 925,735,000 | 979,912,000 | 1,116,173,000 | 936,656,000 | 894,026,000 | 966,948,000 | 896,737,000 | 842,449,000 | 766,230,240 | 789,012,137 | 796,791,189 | 735,612,969 | 678,247,300 | 698,976,680 | 714,048,882 | 621,497,751 | 544,636,912 |
liabilities and stockholders’ equity | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
liabilities: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
unpaid losses and loss adjustment expenses | 668,723,000 | 680,712,000 | 682,589,000 | 765,855,000 | 893,677,000 | 959,291,000 | 460,437,000 | 429,629,000 | 510,117,000 | 551,007,000 | 663,019,000 | 870,407,000 | 1,038,790,000 | 1,153,627,000 | 186,349,000 | 244,482,000 | 346,216,000 | 212,488,000 | 278,658,000 | 315,780,000 | 322,465,000 | 202,720,000 | 147,659,000 | 195,978,000 | 267,760,000 | 166,342,000 | 288,296,000 | 366,356,000 | 472,829,000 | 158,667,000 | 151,916,000 | 129,637,000 | 248,425,000 | 440,443,000 | 22,645,000 | 31,463,000 | 58,494,000 | 54,209,000 | 60,144,000 | 84,975,000 | 98,840,000 | 101,059,000 | 112,117,000 | 125,161,000 | 134,353,000 | 136,915,000 | 144,625,000 | 150,557,000 | 159,222,000 | 157,374,000 | 166,260,000 | 182,528,000 | 193,241,000 | 172,674,000 | 164,625,000 | 172,300,000 | 187,215,000 | 162,954,000 | 155,375,000 | 158,250,000 | 158,928,837 | 136,857,850 | 128,903,761 | 131,736,670 | 127,197,753 | 98,263,500 | 96,467,046 | 89,676,542 | 87,947,774 |
unearned premiums | 1,067,085,000 | 1,091,959,000 | 1,146,230,000 | 1,087,562,000 | 1,014,267,000 | 1,060,446,000 | 1,108,890,000 | 954,666,000 | 990,559,000 | 1,040,067,000 | 982,390,000 | 898,588,000 | 943,854,000 | 991,596,000 | 943,369,000 | 839,647,000 | 857,769,000 | 876,259,000 | 853,896,000 | 772,843,000 | 783,135,000 | 789,137,000 | 736,927,000 | 669,881,000 | 661,279,000 | 680,195,000 | 650,388,000 | 595,536,000 | 601,679,000 | 629,693,000 | 608,921,000 | 540,167,000 | 532,444,000 | 556,299,000 | 536,363,000 | 484,796,000 | 475,756,000 | 501,577,000 | 494,189,000 | 449,086,000 | 442,366,000 | 463,651,000 | 455,882,000 | 410,683,000 | 395,748,000 | 411,875,000 | 412,709,000 | 384,761,000 | 383,488,000 | 407,443,000 | 420,687,000 | 398,042,000 | 388,071,000 | 408,714,000 | 406,952,000 | 371,041,000 | 359,842,000 | 375,779,000 | 380,268,000 | 336,923,000 | 328,334,547 | 346,304,445 | 355,735,699 | 298,317,010 | 278,370,544 | 293,494,305 | 298,075,444 | 275,409,412 | 258,489,460 |
advance premium | 86,907,000 | 61,847,000 | 78,710,000 | 83,812,000 | 81,922,000 | 46,237,000 | 71,700,000 | 74,370,000 | 48,660,000 | 76,030,000 | 91,011,000 | 92,235,000 | 54,964,000 | 78,269,000 | 86,271,000 | 85,120,000 | 53,694,000 | 71,069,000 | 68,287,000 | 73,738,000 | 49,562,000 | 55,334,000 | 55,640,000 | 55,763,000 | 30,975,000 | 40,669,000 | 39,471,000 | 44,545,000 | 26,222,000 | 32,839,000 | 38,230,000 | 39,323,000 | 26,216,000 | 28,667,000 | 24,808,000 | 28,397,000 | 17,796,000 | 28,721,000 | 29,589,000 | 32,289,000 | 24,813,000 | 26,029,000 | 29,303,000 | 22,185,000 | 17,919,000 | 21,302,000 | 22,671,000 | 25,413,000 | 22,959,000 | 23,692,000 | 25,671,000 | 27,210,000 | 15,022,000 | 18,468,000 | 25,606,000 | 31,101,000 | 19,390,000 | 21,639,000 | 25,830,000 | 30,058,000 | 19,839,740 | 20,957,517 | 20,058,953 | 23,357,329 | 17,078,558 | 16,016,282 | |||
reinsurance payable | 135,791,000 | 257,242,000 | 501,809,000 | 709,453,000 | 115,136,000 | 220,328,000 | 420,282,000 | 97,871,000 | 191,850,000 | 388,294,000 | 607,552,000 | 91,932,000 | 384,504,000 | 458,865,000 | 637,846,000 | 12,723,000 | 188,662,000 | 399,905,000 | 581,818,000 | 24,527,000 | 10,312,000 | 351,255,000 | 499,656,000 | 64,460,000 | 122,581,000 | 300,094,000 | 424,187,000 | 48,171,000 | 93,306,000 | 261,133,000 | 341,912,000 | 54,218,000 | 110,381,000 | 341,356,000 | 311,897,000 | 42,270,000 | 80,891,000 | 211,863,000 | 147,444,000 | 75,446,000 | 73,585,000 | 125,427,000 | 131,738,000 | 91,258,000 | 66,066,000 | 102,251,000 | 120,095,000 | 93,654,000 | 86,232,000 | 118,573,000 | 134,699,000 | 104,881,000 | 85,259,000 | 123,934,000 | 273,787,000 | 114,477,000 | 87,497,000 | 128,804,000 | 92,504,000 | 73,479,000 | 37,946,484 | 67,932,331 | 86,815,057 | 89,208,479 | 73,104,595 | 79,948,331 | 112,342,116 | 52,020,429 | 23,984,248 |
commission payable | 28,260,000 | 26,307,000 | 28,178,000 | 29,383,000 | 23,785,000 | 25,931,000 | 25,763,000 | 22,661,000 | 20,989,000 | 22,751,000 | 24,415,000 | 19,644,000 | 18,541,000 | 21,777,000 | 25,946,000 | 23,484,000 | 22,315,000 | 23,857,000 | 28,710,000 | 26,693,000 | 23,809,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
income taxes payable | 53,614,000 | 28,554,000 | 3,664,000 | 28,567,000 | 6,561,000 | 24,984,000 | 5,886,000 | 13,138,000 | 6,183,000 | 4,436,000 | 19,150,000 | 17,383,000 | 1,659,000 | 6,681,000 | 1,799,000 | 407,000 | 915,000 | 2,566,000 | 1,450,000 | 193,000 | 699,000 | 23,000 | 1,331,000 | 551,000 | 12,740,000 | 16,378,000 | 13,480,000 | 10,894,000 | 8,282,030 | 3,464,260 | 3,786,298 | 479,563 | 368,968 | 235,571 | 5,989,694 | ||||||||||||||||||||||||||||||||||
other liabilities and accrued expenses | 43,975,000 | 41,558,000 | 46,134,000 | 41,083,000 | 31,955,000 | 48,574,000 | 61,767,000 | 49,484,000 | 90,600,000 | 64,800,000 | 58,725,000 | 63,031,000 | 58,836,000 | 56,053,000 | 33,275,000 | 43,774,000 | 27,348,000 | 58,022,000 | 37,109,000 | 41,119,000 | 52,341,000 | 69,975,000 | 53,284,000 | 52,450,000 | 40,930,000 | 55,044,000 | 45,784,000 | 41,002,000 | 45,422,000 | 65,005,000 | 54,695,000 | 46,675,000 | 45,096,000 | 47,659,000 | 33,896,000 | 38,310,000 | 37,665,000 | 41,995,000 | 42,640,000 | 28,549,000 | 36,424,000 | 37,388,000 | 27,751,000 | 27,505,000 | 36,318,000 | 34,240,000 | 27,161,000 | 28,357,000 | 34,386,000 | 33,982,000 | 27,745,000 | 24,811,000 | 28,071,000 | 28,054,000 | 23,710,000 | ||||||||||||||
debt, net of issuance costs | 100,290,000 | 100,481,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total liabilities | 2,184,645,000 | 2,288,660,000 | 2,594,602,000 | 2,818,010,000 | 2,292,329,000 | 2,468,611,000 | 2,250,273,000 | 1,755,480,000 | 1,975,264,000 | 2,257,353,000 | 2,583,338,000 | 2,229,214,000 | 2,602,258,000 | 2,866,257,000 | 2,016,217,000 | 1,352,614,000 | 1,626,439,000 | 1,648,953,000 | 1,860,693,000 | 1,262,788,000 | 1,309,479,000 | 1,575,421,000 | 1,519,198,000 | 1,051,225,000 | 1,225,951,000 | 1,260,297,000 | 1,498,057,000 | 1,158,819,000 | 1,356,757,000 | 1,192,245,000 | 1,219,204,000 | 830,613,000 | 1,015,011,000 | 1,436,504,000 | 948,991,000 | 661,674,000 | 688,817,000 | 860,958,000 | 798,146,000 | 714,699,000 | 700,456,000 | 795,412,000 | 792,039,000 | 725,236,000 | 692,858,000 | 751,126,000 | 772,302,000 | 730,448,000 | 744,481,000 | 805,942,000 | 845,771,000 | 791,979,000 | 762,221,000 | 813,898,000 | 954,412,000 | 780,083,000 | 744,021,000 | 810,002,000 | 738,531,000 | 692,307,000 | 626,440,612 | 650,371,900 | 673,186,354 | 620,966,972 | 564,972,843 | 572,081,662 | 595,357,097 | 512,237,382 | 443,083,257 |
commitments and contingencies | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
stockholders’ equity: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cumulative convertible preferred stock, 0.01 par value | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
authorized shares - 1,000; 10 issued and 10 outstanding | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
minimum liquidation preference, 9.99 and 9.99 per share | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock | 483,000 | 482,000 | 481,000 | 476,000 | 476,000 | 475,000 | 472,000 | 472,000 | 472,000 | 473,000 | 473,000 | 472,000 | 472,000 | 471,000 | 471,000 | 471,000 | 470,000 | 470,000 | 470,000 | 469,000 | 468,000 | 468,000 | 468,000 | 468,000 | 467,000 | 467,000 | 467,000 | 467,000 | 465,000 | 463,000 | 463,000 | 461,000 | 458,000 | 455,000 | 454,000 | 454,000 | 453,000 | 453,000 | 453,000 | 453,000 | 455,000 | 456,000 | 456,000 | 452,000 | 448,000 | 449,000 | 449,000 | 443,000 | 436,000 | 434,000 | 430,000 | 417,000 | 419,000 | 419,000 | 412,000 | 411,000 | 411,000 | 410,000 | 410,000 | 404,000 | 404,069 | 408,771 | 408,772 | 408,772 | 402,146 | 402,528 | 402,328 | 402,328 | 401,578 |
authorized shares - 55,000; 48,341 and 48,234 issued, 27,905 and 28,008 outstanding, respectively | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
treasury shares, at cost - 20,436 and 20,226, respectively | -312,213,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
additional paid-in capital | 123,910,000 | 124,319,000 | 124,063,000 | 123,919,000 | 121,875,000 | 121,781,000 | 121,003,000 | 116,239,000 | 115,086,000 | 115,922,000 | 114,685,000 | 113,425,000 | 112,509,000 | 111,397,000 | 110,089,000 | 109,099,000 | 108,202,000 | 107,382,000 | 105,904,000 | 104,624,000 | 103,445,000 | 101,438,000 | 99,768,000 | 97,110,000 | 96,036,000 | 93,546,000 | 90,226,000 | 87,328,000 | 86,353,000 | 88,231,000 | 85,925,000 | 84,294,000 | 86,186,000 | 89,429,000 | 86,358,000 | 83,657,000 | 82,263,000 | 80,399,000 | 78,496,000 | 70,280,000 | 70,789,000 | 67,845,000 | 62,845,000 | 63,700,000 | 409,871,900,059,987,000 | 45,096,000 | 41,539,000 | 42,195,000 | 42,282,000 | 40,631,000 | 38,975,000 | 38,631,000 | 38,684,000 | 37,408,000 | 38,126,000 | 37,497,000 | 36,536,000 | 35,549,000 | 34,580,000 | 34,073,000 | 33,674,697 | 37,568,052 | 37,802,927 | 36,595,977 | 36,666,914 | 35,706,602 | 35,219,544 | 34,569,639 | 33,587,414 |
accumulated other comprehensive income, net of taxes | -34,516,000 | -26,151,000 | -30,755,000 | -40,782,000 | -51,072,000 | -63,166,000 | -45,593,000 | -76,714,000 | -74,172,000 | -107,115,000 | -95,857,000 | -89,991,000 | -103,782,000 | -115,665,000 | -88,134,000 | -58,478,000 | -15,568,000 | -7,398,000 | -5,571,000 | -13,567,000 | 3,343,000 | 1,662,000 | 38,083,000 | 12,015,000 | 20,364,000 | 21,089,000 | 15,929,000 | 3,974,000 | -8,010,000 | -9,898,000 | -9,161,000 | -7,312,000 | -6,281,000 | -2,207,000 | -2,458,000 | -3,944,000 | -6,408,000 | 1,625,000 | 2,116,000 | -725,000 | -4,006,000 | -2,515,000 | -1,721,000 | -638,000 | -1,547,000 | -623,000 | -264,000 | -376,000 | -488,000 | -2,608,000 | 5,437 | -403,247 | -2,672,839 | 563,654 | 4,615,739 | 8,253,810 | 2,580,975 | 24,834 | |||||||||||
retained earnings | 807,080,000 | 757,449,000 | 699,448,000 | 664,315,000 | 633,801,000 | 596,853,000 | 599,340,000 | 589,585,000 | 560,690,000 | 549,365,000 | 560,217,000 | 536,658,000 | 517,455,000 | 501,349,000 | 578,621,000 | 576,243,000 | 563,713,000 | 620,936,000 | 605,790,000 | 588,890,000 | 567,512,000 | 594,281,000 | 602,583,000 | 587,867,000 | 573,619,000 | 634,210,000 | 614,067,000 | 587,797,000 | 553,224,000 | 568,467,000 | 531,085,000 | 495,520,000 | 464,748,000 | 437,746,000 | 432,615,000 | 408,128,000 | 381,864,000 | 377,674,000 | 355,697,000 | 326,965,000 | 306,656,000 | 286,986,000 | 260,977,000 | 240,560,000 | 222,469,000 | 210,344,000 | 192,436,000 | 178,814,000 | 168,734,000 | 161,291,000 | 150,409,000 | 136,196,000 | 127,511,000 | 131,287,000 | 126,323,000 | 121,765,000 | 116,158,000 | 124,088,000 | 126,317,000 | 118,773,000 | 108,819,040 | 108,046,314 | 93,184,722 | 87,702,426 | 84,100,372 | 94,437,777 | 82,930,644 | 79,821,968 | 75,654,070 |
total stockholders’ equity | 584,744,000 | 551,035,000 | 495,043,000 | 457,808,000 | 422,387,000 | 373,250,000 | 400,245,000 | 364,664,000 | 341,297,000 | 301,502,000 | 334,672,000 | 321,806,000 | 287,896,000 | 260,637,000 | 366,551,000 | 396,341,000 | 429,702,000 | 494,275,000 | 480,842,000 | 454,665,000 | 449,262,000 | 474,763,000 | 527,701,000 | 494,288,000 | 493,901,000 | 568,981,000 | 566,066,000 | 539,050,000 | 501,633,000 | 178,100,000 | 170,984,000 | 175,609,000 | 166,402,000 | 156,028,000 | 172,144,000 | 163,514,000 | 166,014,000 | 161,761,000 | 156,573,000 | 150,005,000 | 156,946,000 | 158,206,000 | 150,142,000 | 139,789,628 | |||||||||||||||||||||||||
total liabilities and stockholders’ equity | 2,769,389,000 | 2,839,695,000 | 3,089,645,000 | 3,275,818,000 | 2,714,716,000 | 2,841,861,000 | 2,650,518,000 | 2,120,144,000 | 2,316,561,000 | 2,558,855,000 | 2,918,010,000 | 2,551,020,000 | 2,890,154,000 | 3,126,894,000 | 2,382,768,000 | 1,748,955,000 | 2,056,141,000 | 2,143,228,000 | 2,341,535,000 | 1,717,453,000 | 1,758,741,000 | 2,050,184,000 | 2,046,899,000 | 1,545,513,000 | 1,719,852,000 | 1,829,278,000 | 2,064,123,000 | 1,697,869,000 | 1,858,390,000 | 950,402,000 | 901,432,000 | 920,090,000 | 972,344,000 | 1,001,799,000 | 964,123,000 | 925,735,000 | 979,912,000 | 1,116,173,000 | 936,656,000 | 894,026,000 | 966,948,000 | 896,737,000 | 842,449,000 | 766,230,240 | |||||||||||||||||||||||||
available-for-sale debt securities, at fair value, net of allowance for credit losses of 631 and 1,018 | 1,431,028,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
reinsurance recoverable | 232,918,000 | 627,617,000 | 130,124,000 | 124,646,000 | 219,102,000 | 322,986,000 | 590,409,000 | 678,094,000 | 808,850,000 | 935,810,000 | 33,344,000 | 104,660,000 | 185,589,000 | 134,935,000 | 196,294,000 | 217,625,000 | 160,417,000 | 95,078,000 | 46,860,000 | 108,491,000 | 193,236,000 | 217,301,000 | 331,567,000 | 323,294,000 | 418,603,000 | 158,603,000 | 117,851,000 | 72,641,000 | 182,405,000 | 412,697,000 | 2,711,000 | 605,000 | 106,000 | 6,355,000 | 17,162,000 | 22,853,000 | 36,135,000 | 38,157,000 | 51,366,000 | 55,187,000 | 56,241,000 | 77,566,000 | 76,097,000 | 107,847,000 | 74,900,000 | 79,151,000 | 87,231,000 | 89,191,000 | |||||||||||||||||||||
cumulative convertible preferred stock, .01 par value | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,077 | 1,077 | 1,077 | 1,077 | 1,087 | 1,087 | 1,087 | 1,087 | 1,387 | |||||||||||||||||||||||||||||||||||||||||||||||||
authorized shares - 1,000; issued and outstanding - 10 and 10 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
minimum liquidation preference - 9.99 and 9.99 per share | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
authorized shares - 55,000; issued - 48,234 and 47,478 ; outstanding - 28,008 and 28,096 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
treasury shares, at cost - 20,226 and 19,382 | -305,064,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
available-for-sale debt securities, at fair value, net of allowance for credit loss of 722 and 1,018 | 1,413,621,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investment in real estate | 5,425,000 | 8,179,000 | 8,253,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
book overdraft | 6,617,000 | 1,967,000 | 14,597,000 | 12,208,000 | 53,839,000 | 77,661,000 | 3,102,000 | 26,759,000 | 59,399,000 | 90,401,000 | 1,692,000 | 25,649,000 | 43,305,000 | 102,843,000 | 30,334,000 | 2,982,000 | 171,000 | 36,715,000 | 539,000 | 3,728,000 | 2,725,000 | 7,478,000 | 5,924,000 | 5,861,000 | 4,312,000 | 2,985,000 | 14,947,000 | ||||||||||||||||||||||||||||||||||||||||||
long-term debt | 100,671,000 | 100,862,000 | 101,053,000 | 101,243,000 | 101,434,000 | 101,815,000 | 102,006,000 | 102,196,000 | 102,387,000 | 102,578,000 | 102,769,000 | 102,968,000 | 103,161,000 | 103,384,000 | 103,676,000 | 7,721,000 | 8,088,000 | 8,456,000 | 8,823,000 | 9,191,000 | 9,559,000 | 9,926,000 | 10,294,000 | 10,662,000 | 11,029,000 | 11,397,000 | 11,765,000 | 12,132,000 | 12,500,000 | 12,868,000 | 13,235,000 | 13,603,000 | 13,971,000 | 15,028,000 | 15,396,000 | 15,763,000 | 23,077,000 | 24,050,000 | 24,324,000 | 24,600,000 | 31,813,000 | 30,610,000 | 30,796,000 | 30,984,000 | 37,122,000 | 37,240,000 | 37,356,000 | 37,476,000 | 19,853,000 | 20,221,000 | 20,588,000 | 20,956,000 | 21,324,000 | 21,691,000 | 22,059,000 | 22,427,000 | 23,162,000 | 23,161,764 | 23,529,412 | 23,897,059 | 24,264,706 | 24,632,353 | 25,000,000 | 25,000,000 | 25,000,000 | 25,000,000 | |||
authorized shares - 1,000; issued and outstanding - 10 and 10, respectively | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
minimum liquidation preference, 9.99 and 9.99 per share, respectively | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
authorized shares - 55,000; 48,064 and 47,478 issued, 28,048 and 28,096 oustanding, respectively | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
treasury shares, at cost - 20,016 and 19,382, respectively | -298,194,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
available-for-sale debt securities, at fair value, net of allowance for credit loss of 827 and 1,018 | 1,395,029,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income taxes recoverable | 9,018,000 | 7,480,000 | 2,026,000 | 5,572,000 | 1,528,000 | 32,823,000 | 22,293,000 | 2,262,000 | 16,947,000 | 9,209,000 | 24,733,000 | 14,741,000 | 30,576,000 | 26,383,000 | 29,009,000 | 17,115,000 | 34,283,000 | 9,860,000 | 8,897,000 | 11,159,000 | 5,174,000 | 11,839,000 | 9,472,000 | 19,174,000 | 14,820,000 | 3,262,000 | 10,643,000 | 156,000 | 5,420,000 | 5,420,000 | 10,964,000 | 12,949,000 | 5,675,000 | 2,914,000 | 2,824,000 | 6,199,000 | 8,152,000 | 14,498,000 | 9,078,000 | 1,977,000 | 2,594,000 | 406,000 | 624,000 | 1,070,000 | 3,971,565 | 3,211,874 | 907,597 | 7,659,827 | |||||||||||||||||||||
authorized shares - 55,000; issued and outstanding, net of treasury shares, 27,927 and 28,096 shares, respectively | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
treasury shares, at cost - 19,669 and 19,382, respectively | -290,120,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
available-for-sale debt securities, at fair value, net of allowance for credit loss of 829 and 1,018 | 1,324,338,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
authorized shares - 1,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
issued shares - 10 and 10 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
outstanding shares - 10 and 10 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
authorized shares - 55,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
issued shares - 47,572 and 47,478 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
outstanding shares - 28,190 and 28,096 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
treasury shares, at cost - 19,382 and 19,382 | -282,693,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
available-for-sale debt securities, at fair value, net of allowance for credit loss of 1,018 and 566 | 1,269,079,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
issued shares - 47,478 and 47,269 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
outstanding shares - 28,096 and 28,966 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
treasury shares, at cost - 19,382 and 18,303 | -282,693,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
available-for-sale debt securities, at fair value, net of allowance for credit loss of 558 and 566 | 1,276,732,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
issued shares - 47,298 and 47,269 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
outstanding shares - 28,286 and 28,966 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
treasury shares, at cost - 19,012 and 18,303 | -274,977,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
available-for-sale debt securities, at fair value, net of allowance for credit loss of 600 and 566 | 1,107,058,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
issued shares - 47,269 and 47,269 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
outstanding shares - 28,758 and 28,966 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
treasury shares, at cost - 18,511 and 18,303 | -264,918,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
available-for-sale debt securities, at fair value, net of allowance for credit loss of 566 and 920 | 1,064,330,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
issued shares - 47,269 and 47,179 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
outstanding shares - 28,966 and 30,389 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
treasury shares, at cost - 18,303 and 16,790 | -260,779,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
available-for-sale debt securities, at fair value, net of allowance for credit loss of 683 and 920 | 1,031,558,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
issued shares - 47,266 and 47,179 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
outstanding shares - 29,186 and 30,389 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
treasury shares, at cost - 18,080 and 16,790 | -257,143,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
available-for-sale debt securities, at fair value, net of allowance for credit loss of 758 and 920 | 1,051,508,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
outstanding shares - 30,080 and 30,389 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
treasury shares, at cost - 17,186 and 16,790 | -244,846,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
available-for-sale debt securities, at fair value, net of allowance for credit loss of 811 and 920 | 1,026,555,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
issued shares - 47,230 and 47,179 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
outstanding shares - 30,440 and 30,389 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
treasury shares, at cost - 16,790 and 16,790 | -238,758,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
available-for-sale debt securities, at fair value, net of allowance for credit loss of 920 and 489 | 1,014,626,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
issued shares - 47,179 and 47,018 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
outstanding shares - 30,389 and 31,221 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
treasury shares, at cost - 16,790 and 15,797 | -238,758,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
available-for-sale debt securities, at fair value, net of allowance for credit loss of 724 and 489 | 996,783,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
issued shares - 47,116 and 47,018 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
outstanding shares - 30,513 and 31,221 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
treasury shares, at cost - 16,603 and 15,797 | -236,915,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
available-for-sale debt securities, at fair value, net of allowance for credit loss of 672 and 489 | 1,021,006,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
outstanding shares - 30,716 and 31,221 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
treasury shares, at cost - 16,400 and 15,797 | -234,496,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
available-for-sale debt securities, at fair value, net of allowance for credit loss of 572 and 489 | 1,014,677,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
issued shares - 47,063 and 47,018 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
outstanding shares - 30,946 and 31,221 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
treasury shares, at cost - 16,117 and 15,797 | -230,994,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
available-for-sale debt securities, at fair value, net of allowance for credit loss of 489 and 186 | 1,040,455,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
issued shares - 47,018 and 46,817 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
outstanding shares - 31,221 and 31,137 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
treasury shares, at cost - 15,797 and 15,680 | -227,115,000 | -227,115,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
available-for-sale debt securities, at fair value, net of allowance for credit loss of 290 and 186 | 1,029,157,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
assets held for sale | 253,000 | 7,053,000 | 6,855,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
debt | 7,353,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
issued shares - 46,964 and 46,817 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
outstanding shares - 31,167 and 31,137 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
available-for-sale debt securities, at fair value, net of allowance for credit loss of 118 and 186 | 921,800,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred income tax liability | 4,494,000 | 13,665,000 | 2,571,000 | 5,079,000 | 2,044,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
outstanding shares - 31,269 and 31,137 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
treasury shares, at cost - 15,695 and 15,680 | -225,751,000 | -225,751,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
available-for-sale debt securities, at fair value, net of allowance for credit loss of 220 and 186 | 913,131,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
issued shares - 46,911 and 46,817 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
outstanding shares - 31,216 and 31,137 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
available-for-sale debt securities, at fair value, net of allowance for credit loss of 186 | 819,861,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
issued shares - 46,817 and 46,707 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
outstanding shares - 31,137 and 32,638 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
treasury shares, at cost - 15,680 and 14,069 | -225,506,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
available-for-sale debt securities, at fair value, net of allowance for credit loss of 470 | 842,574,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payable for securities purchased | 98,177,000 | 7,937,000 | 1,026,000 | 2,185,000 | 3,104,000 | 1,275,000 | 4,706,000 | 1,239,000 | 8,017,000 | 1,067,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
issued shares - 46,821 and 46,707 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
outstanding shares - 31,334 and 32,638 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
treasury shares, at cost - 15,487 and 14,069 | -223,086,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
available-for-sale debt securities, at fair value, net of allowance for credit loss of 455 | 869,418,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts payable | 3,176,000 | 3,134,000 | 2,099,000 | 3,396,000 | 3,024,000 | 2,692,000 | 3,059,000 | 2,809,000 | 2,778,000 | 3,486,000 | 2,866,000 | 3,999,000 | 3,735,000 | 3,317,000 | 3,187,000 | 2,294,000 | 2,926,000 | 3,894,000 | 378,000 | 1,582,000 | 1,981,000 | 2,472,000 | 4,121,000 | 4,457,000 | 4,809,000 | 4,499,000 | 3,441,000 | 3,863,000 | 5,010,000 | 4,316,000 | 4,368,000 | 4,252,000 | 5,342,000 | 5,064,000 | 4,314,000 | 4,287,000 | 5,692,000 | 5,271,000 | 3,767,293 | 3,496,095 | 4,822,714 | 3,974,070 | 3,172,626 | 3,205,674 | 4,280,709 | 3,773,924 | 4,421,201 | ||||||||||||||||||||||
issued shares - 46,806 and 46,707 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
outstanding shares - 31,853 and 32,638 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
treasury shares, at cost - 14,953 and 14,069 | -213,201,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
available-for-sale debt securities, at fair value, net of allowance for credit loss of 791, | 867,249,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
premium receivable | 66,568,000 | 70,388,000 | 66,756,000 | 58,346,000 | 66,017,000 | 67,186,000 | 57,455,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
issued shares - 46,766 and 46,707 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
outstanding shares - 32,385 and 32,638 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
treasury shares, at cost - 14,381 and 14,069 | -203,172,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
available-for-sale debt securities, at fair value | 855,284,000 | 878,567,000 | 884,093,000 | 840,028,000 | 820,438,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
issued shares - 46,707 and 46,514 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
outstanding shares - 32,638 and 34,783 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
treasury shares, at cost - 14,069 and 11,731 | -196,585,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
issued shares - 46,713 and 46,514 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
outstanding shares - 33,211 and 34,783 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
treasury shares, at cost - 13,502 and 11,731 | -180,331,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
dividends payable | 5,517,000 | 5,638,000 | 4,846,000 | 4,903,000 | 4,912,000 | 4,699,927 | 4,516,460 | 4,514,061 | 4,515,715 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
issued shares - 46,698 and 46,514 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
outstanding shares - 34,160 and 34,783 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
treasury shares, at cost - 12,538 and 11,731 | -154,623,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
issued shares - 46,674 and 46,514 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
outstanding shares - 34,622 and 34,783 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
treasury shares, at cost - 12,052 and 11,731 | -140,516,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
available-for-sale short-term investments, at fair value | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
issued shares - 46,514 and 45,778 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
outstanding shares - 34,783 and 34,735 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
treasury shares, at cost - 11,731 and 11,043 | -130,399,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
available-for-sale debt securities | 760,408,000 | 656,762,000 | 634,238,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
available-for-sale short-term investments | 10,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
equity securities | 69,108,000 | 70,866,000 | 66,043,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
reinsurance receivable | 961,000 | 1,402,000 | 492,000 | 186,000 | 353,000 | 166,000 | 716,000 | 4,297,000 | 7,468,000 | 12,535,000 | 26,352,000 | 7,004,000 | 203,000 | 24,268,000 | 24,542,000 | 4,480,000 | 24,334,000 | 30,528,000 | 125,664,000 | 15,794,000 | 49,816,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
liabilities and stockholders' equity | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
stockholders' equity: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
issued shares - 46,318 and 45,778 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
outstanding shares - 34,933 and 34,735 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
treasury shares, at cost - 11,385 and 11,043 | -116,239,000 | -116,239,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total stockholders' equity | 531,024,000 | 492,073,000 | 465,094,000 | 439,988,000 | 420,557,000 | 421,068,000 | 398,765,000 | 371,190,000 | 373,264,000 | 351,363,000 | 314,297,000 | 293,092,000 | 282,954,000 | 255,328,000 | 241,921,000 | 19,991,619,000,218,915,000 | 189,139,000 | 138,640,237 | 123,604,835 | 114,645,997 | 113,274,457 | 126,895,018 | 118,691,785 | 109,260,369 | 101,553,655 | ||||||||||||||||||||||||||||||||||||||||||||
total liabilities and stockholders' equity | 1,723,269,000 | 1,711,277,000 | 1,295,707,000 | 1,454,999,000 | 1,857,061,000 | 1,370,059,000 | 1,060,439,000 | 1,060,007,000 | 1,234,222,000 | 1,149,509,000 | 1,028,996,000 | 940,265,000 | 789,012,137 | 796,791,189 | 735,612,969 | 678,247,300 | 698,976,680 | 714,048,882 | 621,497,751 | 544,636,912 | |||||||||||||||||||||||||||||||||||||||||||||||||
issued shares - 46,257 and 45,778 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
outstanding shares - 34,872 and 34,735 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
issued shares - 46,148 and 45,778 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
outstanding shares - 35,012 and 34,735 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
treasury shares, at cost - 11,136 and 11,043 | -107,869,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
fixed maturities, at fair value | 639,334,000 | 609,179,000 | 609,909,000 | 597,675,000 | 584,361,000 | 584,274,000 | 577,810,000 | 488,725,000 | 416,083,000 | 417,769,000 | 359,589,000 | 347,912,000 | 353,949,000 | 328,010,000 | 323,145,000 | 300,346,000 | 4,009,000 | 4,008,000 | 3,913,000 | 3,800,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
short-term investments, at fair value | 10,000,000 | 5,001,000 | 5,002,000 | 5,003,000 | 5,004,000 | 12,505,000 | 25,021,000 | 75,023,000 | 100,025,000 | 37,506,000 | 49,990,000 | 37,473,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
issued shares - 45,778 and 45,324 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
outstanding shares - 34,735 and 35,052 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
treasury shares, at cost - 11,043 and 10,272 | -105,123,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
issued shares - 45,473 and 45,324 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
outstanding shares - 34,440 and 35,052 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
treasury shares, at cost - 11,033 and 10,272 | -104,866,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other receivables | 7,830,000 | 5,388,000 | 5,824,000 | 5,863,000 | 6,203,000 | 21,754,000 | 4,626,000 | 5,195,000 | 4,524,000 | 3,284,000 | 2,763,000 | 3,196,000 | 3,340,000 | 3,261,000 | 2,587,000 | 3,446,000 | 4,172,000 | 2,269,000 | 2,017,000 | 3,197,000 | 3,631,000 | 2,207,000 | 2,732,000 | 2,910,000 | 3,562,000 | 2,253,000 | 2,863,757 | 2,805,825 | 2,629,577 | 4,201,023 | 5,068,367 | 5,232,569 | 2,234,596 | 2,595,461 | 5,130,402 | ||||||||||||||||||||||||||||||||||
issued shares - 45,447 and 45,324 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
outstanding shares - 34,821 and 35,052 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
treasury shares, at cost - 10,626 and 10,272 | -95,901,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
issued shares - 45,445 and 45,324 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
outstanding shares - 35,073 and 35,052 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
treasury shares, at cost - 10,372 and 10,272 | -89,530,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
issued shares - 45,324 and 45,525 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
outstanding shares - 35,052 and 35,110 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
treasury shares, at cost - 10,272 and 10,415 | -86,982,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
issued shares - 45,292 and 45,525 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
outstanding shares - 35,024 and 35,110 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
treasury shares, at cost - 10,268 and 10,415 | -86,887,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
issued shares - 45,262 and 45,525 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
outstanding shares - 35,064 and 35,110 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
treasury shares, at cost - 10,198 and 10,415 | -85,399,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
issued shares - 45,315 and 45,525 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
outstanding shares - 34,800 and 35,110 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
treasury shares, at cost - 10,515 and 10,415 | -82,676,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
liabilities, contingently redeemable common stock and stockholders' equity | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
contingently redeemable common stock | 19,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
issued shares - 0 and 1,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
outstanding shares - 0 and 1,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
issued shares - 10 and 12 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
outstanding shares - 10 and 12 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
minimum liquidation preference - 9.99 and 8.49 per share | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
issued shares - 45,525 and 43,769 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
outstanding shares - 35,110 and 34,102 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
treasury shares, at cost - 10,415 and 9,667 | -80,802,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total liabilities, contingently redeemable common stock and stockholders' equity | 993,548,000 | 1,078,366,000 | 1,047,367,000 | 967,157,000 | 911,774,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
dividends payable to shareholders | 4,287,000 | 4,283,000 | 3,429,000 | 3,503,000 | 3,270,000 | 3,287,000 | 3,214,000 | 4,012,000 | 3,199,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
minimum liquidation preference, 9.99 and 8.49 per share | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
issued shares - 45,595 and 43,769 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
outstanding shares - 35,628 and 34,102 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
treasury shares, at cost - 9,967 and 9,667 | -69,818,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
issued shares - 45,562 and 43,769 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
outstanding shares - 35,695 and 34,102 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
treasury shares, at cost - 9,867 and 9,667 | -67,229,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
issued shares - 12 and 12 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
outstanding shares - 12 and 12 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
minimum liquidation preference, 8.49 and 8.49 per share | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
issued shares - 45,224 and 43,769 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
outstanding shares - 35,557 and 34,102 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
treasury shares, at cost - 9,667 and 9,667 | -62,153,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
issued shares - 1,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
outstanding shares - 1,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
issued shares - 12 and 30 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
outstanding shares - 12 and 30 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
minimum liquidation preference - 8.49 and 6.98 per share | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
issued shares - 43,769 and 43,641 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
outstanding shares - 34,102 and 35,366 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
treasury shares, at cost - 9,667 and 8,275 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
minimum liquidation preference, 8.49 and 6.98 per share | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
issued shares - 44,955 and 43,641 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
outstanding shares - 34,289 and 35,366 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
treasury shares, at cost - 10,666 and 8,275 | -65,203,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
issued shares - 44,935 and 43,641 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
outstanding shares - 34,988 and 35,366 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
treasury shares, at cost - 9,947 and 8,275 | -55,701,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
authorized shares—1,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
issued shares—22 and 30 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
outstanding shares—22 and 30 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
minimum liquidation preference, 9.17 and 6.98 per share | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
authorized shares—55,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
issued shares—44,276 and 43,641 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
outstanding shares—34,776 and 35,366 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
treasury shares, at cost—9,500 and 8,275 | -50,204,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
fixed maturities (trading), at fair value | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
equity securities (trading), at fair value | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
fixed maturities (available for sale), at fair value | 289,418,000 | 298,504,000 | 289,388,000 | 13,968,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
equity securities (available for sale), at fair value | 65,022,000 | 70,862,000 | 53,507,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
receivable from securities sold | 21,991,000 | 1,096,000 | 1,750,000 | 594,000 | 4,117,000 | 9,737,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
issued shares—30 and 108 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
outstanding shares—30 and 108 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
minimum liquidation preference—6.98 and 2.66 per share | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
issued shares—43,641 and 41,889 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
outstanding shares—35,366 and 40,871 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
treasury shares, at cost—8,275 and 1,018 | -35,467,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
bank overdraft | 22,209,000 | 24,926,000 | 27,068,000 | 25,994,000 | 29,198,000 | 27,650,000 | 28,690,000 | 25,485,000 | 34,914,000 | 22,597,000 | 26,863,000 | 23,030,315 | 24,778,730 | 22,573,228 | 25,460,302 | 20,297,061 | 20,258,937 | 20,647,050 | |||||||||||||||||||||||||||||||||||||||||||||||||||
issued shares—64 and 108 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
outstanding shares—64 and 108 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
minimum liquidation preference, 2.66 per share | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
issued shares—43,387 and 41,889 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
outstanding shares—35,111 and 40,871 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
treasury shares, at cost—8,276 and 1,018 | -35,467,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
issued shares - 108 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
outstanding shares - 108 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
issued shares - 42,981 and 41,889 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
outstanding shares - 35,297 and 40,871 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
treasury shares, at cost - 7,684 and 1,018 | -31,179,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
issued shares - 41,690 and 41,889 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
outstanding shares - 40,672 and 40,871 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
treasury shares, at cost - 1,018 | -3,101,000 | -3,101,000 | -3,101,000 | -3,101,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
issued shares - 41,889 and 41,100 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
outstanding shares - 40,871 and 40,082 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
assets: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
liabilities and stockholders’ equity liabilities: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
issued shares - 41,189 and 41,100 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
outstanding shares - 40,171 and 40,082 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred income taxes | 17,409,000 | 22,991,000 | 24,120,000 | 17,057,000 | 13,006,000 | 13,447,953 | 10,466,570 | 12,853,266 | 12,046,948 | 11,894,289 | 7,783,514 | 5,291,811 | 13,372,130 | 14,113,463 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
other accrued expenses | 23,506,000 | 24,780,000 | 22,322,000 | 20,022,000 | 23,468,000 | 23,149,602 | 22,671,787 | 18,855,334 | 19,468,916 | 20,750,385 | 22,960,397 | 16,809,416 | 17,628,300 | 14,680,443 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
issued shares—108 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
outstanding shares—108 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
issued shares—41,135 and 41,100 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
outstanding shares—40,117 and 40,082 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
treasury shares, at cost—1,018 | -3,101,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investment securities, at fair value | 99,146,000 | 153,476,000 | 95,945,000 | 139,084,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
reinsurance receivables | 55,205,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
authorized shares -1,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
issued shares -108 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
outstanding shares -108 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
issued shares - 41,100 and 40,407 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
outstanding shares - 40,082 and 39,388 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
treasury shares, at cost - 1,018 and 1,019 shares | -3,101,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
receivable from securities | 5,585,000 | 20,505,000 | 38,056,000 | 17,555,961 | 13,061,387 | 14,669,988 | 12,148,475 | 6,259,973 | 5,386,709 | 390,618 | 353,118 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payable for securities | 17,667,000 | 336,000 | 379,473 | 3,821,527 | 8,182,205 | 394,517 | 3,305,754 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
issued shares - 41,010 and 40,407 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
outstanding shares - 39,993 and 39,388 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
treasury shares, at cost - 1,018 and 1,019 | -3,102,000 | -3,102,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
issued shares - 41,007 and 40,407 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
outstanding shares - 39,989 and 39,388 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
dividend payable to shareholders | 3,939,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
minimum liquidation preference -288 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
issued shares - 40,407 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
outstanding shares - 39,388 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
treasury shares, at cost - 1,019 | -3,109,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investment securities: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
trading securities, at fair value | 224,532,404 | 104,356,012 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
available-for-sale securities, at fair value | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
commitments and contigencies | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
authorized shares - 1,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
issued shares - 107,690 and 108,640 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
outstanding shares - 107,690 and 108,640 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
minimum liquidation preference — 287,240 and 288,190 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
authorized shares - 55,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
issued shares - 40,406,751 and 40,214,884 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
outstanding shares - 39,387,998 and 37,774,765 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
treasury shares, at cost - 1,018,753 and 1,809,119 shares | -3,109,255 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock held in trust, at cost - 0 and 631,000 shares | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investments: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
real estate | 4,100,539 | 4,335,589 | 3,293,582 | 3,289,893 | 3,322,298 | 3,354,704 | 3,367,357 | 3,399,609 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
minimum liquidation preference - 287,240 and 288,190 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
issued shares - 40,877,088 and 40,214,884 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
outstanding shares - 39,166,033 and 37,774,765 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
treasury shares, at cost - 1,711,054 and 1,809,119 shares | -7,389,414 | -7,389,416 | -7,389,416 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investments | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
fixed maturities available for sale, at fair value | 60,447,710 | 66,368,800 | 41,389,008 | 18,575,023 | 131,272,111 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
equity securities available for sale, at fair value | 77,477,064 | 66,087,564 | 73,408,002 | 70,785,948 | 77,296,986 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
dividend payable to shareholder | 3,916,724 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
issued shares - 40,877,087 and 40,214,884 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock held in trust, at cost 0 and 631,000 shares | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
fixed maturities held to maturity, at amortized cost | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
issued shares - 108,640 and 138,640 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
outstanding shares - 108,640 and 138,640 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
minimum liquidation preference - 288,190 and 1,419,700 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
issued shares - 40,214,884 and 40,158,019 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
outstanding shares - 37,774,765 and 37,542,172 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
treasury shares, at cost - 1,809,119 and 1,709,847 shares | -7,948,606 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock held in trust, at cost - 631,000 and 906,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
shares | -511,110 | -733,860 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accrued investment income | 96,092 | 804,511 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
issued shares - 40,253,019 and 40,158,019 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
outstanding shares - 37,644,036 and 37,542,172 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
treasury shares, at cost - 1,747,983 and 1,709,847 shares | -7,571,305 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock held in trust, at cost - 861,000 and 906,000 shares | -697,410 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
the accompanying notes to condensed consolidated financial statements are an integral part of these statements. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other liabilities | 16,826,738 | 34,917,612 | 28,560,131 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
issued shares - 40,233,019 and 40,158,019 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
outstanding shares - 37,617,172 and 37,542,172 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
treasury shares, at cost - 1,709,847 and 1,709,847 shares | -7,381,768 | -7,381,768 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock held in trust, at cost - 906,000 shares | -733,860 | -733,860 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
fixed maturities, held to maturity, at amortized cost | 45,621,548 | 4,334,405 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
fixed maturities, available for sale, at fair value | 65,855,861 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
equity securities, available for sale, at fair value | 60,425,345 | 1,314,370 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred ceding commission | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loans payable | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
issued shares - 138,640 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
outstanding shares - 138,640 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
minimum liquidation preference - 1,419,700 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
issued shares - 40,158,019 and 39,307,103 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
outstanding shares - 37,542,172 and 36,012,729 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
treasury shares, at cost - 1,709,847 and 394,374 shares | -7,381,768 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock held in trust, at cost - 906,000 and 2,900,000 |
Cashflow Statements:
Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-03-31 | 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 | 2016-12-31 | 2016-09-30 | 2016-06-30 | 2016-03-31 | 2015-12-31 | 2015-09-30 | 2014-12-31 | 2014-09-30 | 2014-06-30 | 2014-03-31 | 2013-12-31 | 2013-09-30 | 2013-06-30 | 2013-03-31 | 2012-12-31 | 2012-09-30 | 2012-06-30 | 2012-03-31 | 2011-12-31 | 2011-09-30 | 2011-06-30 | 2011-03-31 | 2010-12-31 | 2010-09-30 | 2010-06-30 | 2010-03-31 | 2009-06-30 | 2009-03-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
cash flows from operating activities: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash from operating activities | 154,822,000 | 26,080,000 | 62,421,000 | 106,223,000 | 186,769,000 | -101,339,000 | 82,916,000 | 340,000 | 69,231,000 | 51,657,000 | -50,257,000 | 101,358,000 | -2,267,000 | 252,505,000 | -27,081,000 | -39,602,000 | 16,860,000 | 195,855,000 | 61,265,000 | -144,197,000 | -17,302,000 | 145,204,000 | 45,643,000 | 28,009,000 | 601,000 | 24,537,000 | 31,451,000 | 5,651,000 | 66,373,000 | 105,755,000 | 52,326,000 | -41,185,000 | 145,230,000 | -21,911,000 | 33,635,000 | -10,558,000 | 35,708,000 | 68,339,000 | 29,857,000 | -30,646,000 | -5,579,000 | 42,773,000 | 150,411,000 | -2,898,000 | 13,105,000 | 36,516,000 | 95,274,000 | -65,845,000 | -39,255,000 | 85,130,000 | 130,099,000 | -141,101,446 | 34,887,107 | 40,925,825 | 56,052,966 | 45,077,777 | 64,072,189 | ||||
capital expenditures | -1,580,000 | -1,077,000 | -1,157,000 | -977,000 | -1,227,000 | -891,000 | -3,298,000 | -1,150,000 | -1,007,000 | -1,172,000 | -690,000 | -511,000 | -595,000 | -1,608,000 | -2,185,000 | -2,346,000 | -1,856,000 | -1,813,000 | -1,211,000 | -2,636,000 | -4,367,000 | -5,508,000 | -4,705,000 | -1,591,000 | -1,693,000 | -1,662,000 | -6,368,000 | -590,000 | -2,117,000 | -2,710,000 | -1,314,000 | -963,000 | -898,000 | -1,559,000 | -2,896,000 | 0 | 0 | -357,000 | -751,000 | -264,000 | -238,000 | -439,000 | -409,000 | 0 | -138,000 | 0 | -1,542,000 | 0 | -590,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||
free cash flows | 153,242,000 | 25,003,000 | 61,264,000 | 105,246,000 | 185,542,000 | -102,230,000 | 79,618,000 | -810,000 | 68,224,000 | 50,485,000 | -50,947,000 | 100,847,000 | -2,862,000 | 250,897,000 | -29,266,000 | -41,948,000 | 15,004,000 | 194,042,000 | 60,054,000 | -146,833,000 | -21,669,000 | 139,696,000 | 40,938,000 | 26,418,000 | -1,092,000 | 22,875,000 | 25,083,000 | 5,061,000 | 64,256,000 | 103,045,000 | 51,012,000 | -42,148,000 | 144,332,000 | -23,470,000 | 30,739,000 | -10,558,000 | 35,708,000 | 67,982,000 | 29,106,000 | -30,910,000 | -5,817,000 | 42,334,000 | 150,002,000 | -2,898,000 | 12,967,000 | 36,516,000 | 93,732,000 | -65,845,000 | -39,845,000 | 85,130,000 | 130,099,000 | -141,101,446 | 34,887,107 | 40,925,825 | 56,052,966 | 45,077,777 | 64,072,189 | ||||
cash flows from investing activities: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sale of property and equipment | 38,000 | 17,000 | 11,000 | 3,000 | 9,000 | 11,000 | 50,000 | 8,000 | 10,000 | 15,000 | 9,000 | 32,000 | 64,000 | 0 | 1,000 | 130,000 | 4,000 | 12,000 | 16,000 | 41,000 | 119,000 | 11,000 | 11,000 | 11,000 | 9,000 | 10,000 | 8,000 | 5,000 | 13,000 | 5,000 | 12,000 | 6,000 | 2,000 | 5,000 | 31,000 | 4,000 | 54,000 | 0 | 13,000 | 17,000 | 3,000 | 0 | 10,000 | 0 | |||||||||||||||||
purchases of property and equipment | -1,580,000 | -1,077,000 | -1,157,000 | -977,000 | -1,227,000 | -891,000 | -3,298,000 | -1,150,000 | -1,007,000 | -1,172,000 | -690,000 | -511,000 | -595,000 | -1,608,000 | -2,185,000 | -2,346,000 | -1,856,000 | -1,813,000 | -1,211,000 | -2,636,000 | -4,367,000 | -5,508,000 | -4,705,000 | -1,591,000 | -1,693,000 | -1,662,000 | -6,368,000 | -590,000 | -2,117,000 | -2,710,000 | -1,314,000 | -963,000 | -898,000 | -2,182,000 | -2,404,000 | -1,909,000 | -1,728,000 | -1,559,000 | -2,896,000 | -138,000 | |||||||||||||||||||||
purchases of equity securities | -24,017,000 | 0 | -10,528,000 | -16,425,000 | -2,006,000 | -1,060,000 | -977,000 | -897,000 | -7,738,000 | -15,464,000 | -9,356,000 | -8,896,000 | -12,460,000 | -25,940,000 | -29,333,000 | -8,915,000 | -32,340,000 | -6,017,000 | -8,175,000 | -105,120,000 | -1,000,000 | 0 | -10,145,000 | -260,000 | -201,000 | -193,000 | -697,000 | -2,235,000 | -4,462,000 | -9,249,000 | -9,857,000 | -42,232,000 | -33,795,000 | -20,274,000 | -11,147,000 | -15,089,000 | -20,178,000 | -10,146,000 | |||||||||||||||||||||||
purchases of available-for-sale debt securities | -106,870,000 | -110,950,000 | -109,148,000 | -135,043,000 | -75,009,000 | -34,817,000 | -109,615,000 | -42,864,000 | -30,862,000 | -46,462,000 | -26,236,000 | -21,223,000 | -43,889,000 | -77,736,000 | -57,163,000 | -95,476,000 | -117,554,000 | -58,525,000 | -178,828,000 | -339,203,000 | -643,981,000 | -29,663,000 | -61,782,000 | -27,419,000 | -50,500,000 | -88,626,000 | -55,102,000 | -143,879,000 | -83,742,000 | -121,996,000 | |||||||||||||||||||||||||||||||
proceeds from sales of equity securities | 6,875,000 | 9,632,000 | 9,066,000 | 1,278,000 | 2,910,000 | 2,265,000 | 5,597,000 | 34,444,000 | 2,789,000 | 7,511,000 | 8,975,000 | 2,760,000 | 14,932,000 | 31,452,000 | 48,486,000 | 3,589,000 | 1,576,000 | 543,000 | 0 | 11,976,000 | 17,161,000 | 0 | 4,158,000 | 3,082,000 | 1,045,000 | 2,613,000 | 18,056,000 | 13,739,000 | 3,053,000 | 30,556,000 | 13,210,000 | 0 | |||||||||||||||||||||||||||||
proceeds from sales of available-for-sale debt securities | 59,139,000 | 59,767,000 | 41,309,000 | 20,866,000 | 4,610,000 | 18,000 | 3,700,000 | 15,237,000 | 290,000 | 394,000 | 3,301,000 | 4,584,000 | 5,321,000 | 6,994,000 | 12,540,000 | 20,450,000 | 15,538,000 | 33,523,000 | 27,455,000 | 250,624,000 | 729,344,000 | 18,489,000 | 9,979,000 | 4,749,000 | 29,836,000 | 28,655,000 | 14,550,000 | 1,790,000 | 13,579,000 | 19,758,000 | 99,464,000 | ||||||||||||||||||||||||||||||
maturities of available-for-sale debt securities | 46,299,000 | 39,239,000 | 61,758,000 | 57,703,000 | 32,075,000 | 17,359,000 | 32,849,000 | 31,406,000 | 34,644,000 | 15,478,000 | 27,554,000 | 9,679,000 | 25,608,000 | 20,917,000 | 12,766,000 | 19,446,000 | 16,782,000 | 28,135,000 | 25,178,000 | 24,439,000 | 44,329,000 | 38,680,000 | 32,534,000 | 45,172,000 | 31,779,000 | 31,890,000 | 36,635,000 | 28,159,000 | 18,708,000 | 39,117,000 | 25,363,000 | ||||||||||||||||||||||||||||||
net cash from investing activities | -20,116,000 | -4,407,000 | -8,689,000 | -58,964,000 | -41,548,000 | -20,866,000 | -74,381,000 | -789,000 | 934,000 | -12,767,000 | -2,629,000 | -8,830,000 | -16,976,000 | -74,613,000 | -48,442,000 | -34,819,000 | -62,091,000 | -1,096,000 | -131,398,000 | -90,297,000 | 124,438,000 | 22,009,000 | -34,108,000 | 21,205,000 | 9,230,000 | -7,562,000 | 5,453,000 | -61,711,000 | -118,284,000 | -23,974,000 | -8,317,000 | -90,825,000 | -15,213,000 | -27,422,000 | -29,450,000 | -49,989,000 | -67,450,000 | 44,148,000 | -37,976,000 | -46,116,000 | -52,842,000 | 25,792,000 | -4,022,000 | 15,507,000 | -27,067,000 | -326,717,000 | -14,406,000 | -351,000 | -138,000 | -685,000 | -1,524,000 | -783,000 | -590,000 | -559,000 | -399,000 | -124,772 | -275,994 | 451,219 | -24,683,731 | -30,606,876 | -159,078,599 |
cash flows from financing activities: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock dividend | -3,000 | -2,000 | -3,000 | -2,000 | -3,000 | -2,000 | -3,000 | -2,000 | -3,000 | -2,000 | -3,000 | -2,000 | -3,000 | -2,000 | -3,000 | -2,000 | -3,000 | -2,000 | -3,000 | -2,000 | -3,000 | -2,000 | -3,000 | -2,000 | -3,000 | -2,000 | -3,000 | -2,000 | -3,000 | -2,000 | -3,000 | -2,000 | -3,000 | -3,000 | -2,000 | -2,000 | -3,000 | -3,000 | -2,000 | -3,000 | -2,000 | -3,000 | -5,000 | -14,000 | -5,000 | -5,000 | -5,000 | -23,000 | -5,000 | -5,000 | -254,000 | -5,000 | -5,000 | -5,000 | -5,000 | -4,988 | -4,987 | -4,988 | -4,987 | ||
common stock dividend | -4,904,000 | -8,352,000 | -4,457,000 | -4,515,000 | -4,841,000 | -8,527,000 | -4,639,000 | -8,600,000 | -4,794,000 | -4,905,000 | -4,980,000 | -8,894,000 | -4,906,000 | -4,945,000 | -5,029,000 | -9,087,000 | -5,003,000 | -5,018,000 | -5,083,000 | -9,031,000 | -5,111,000 | -5,144,000 | -5,261,000 | -9,488,000 | -5,465,000 | -5,533,000 | -5,620,000 | -10,108,000 | -5,579,000 | -4,909,000 | -4,912,000 | -14,198,000 | 0 | -14,364,000 | -4,913,000 | 0 | -4,915,000 | -13,767,000 | -4,283,000 | -12,273,000 | -3,503,000 | -1,000 | -3,463,000 | -8,149,000 | -3,496,000 | -11,444,000 | -3,213,000 | -8,811,000 | 0 | -3,916,726 | -3,916,724 | -4,514,061 | -3,754,217 | ||||||||
purchase of treasury stock inclusive of excise taxes paid | -7,149,000 | -8,074,000 | -4,508,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payments related to tax withholding for share-based compensation | -1,714,000 | -2,468,000 | -2,349,000 | -23,000 | -1,267,000 | -1,419,000 | -25,000 | 0 | 0 | -314,000 | -209,000 | 0 | 0 | -209,000 | -272,000 | 0 | -289,000 | -495,000 | -62,000 | -183,000 | -424,000 | -646,000 | -631,000 | -263,000 | -413,000 | -2,402,000 | -5,163,000 | -968,000 | -1,790,000 | -4,793,000 | -5,856,000 | 0 | -546,000 | -74,000 | -934,000 | -3,897,000 | -1,946,000 | -404,000 | -5,251,000 | -122,000 | -4,174,000 | -8,108,000 | -433,000 | -98,000 | -1,558,000 | -1,072,000 | 0 | 0 | |||||||||||||
repayment of debt | -368,000 | -368,000 | -368,000 | -368,000 | -367,000 | -368,000 | -368,000 | -367,000 | -368,000 | -368,000 | -368,000 | -368,000 | -368,000 | -368,000 | -367,000 | -368,000 | -368,000 | -367,000 | -368,000 | -367,000 | -368,000 | -368,000 | -367,000 | -368,000 | -368,000 | -367,000 | -368,000 | -368,000 | -367,000 | -368,000 | -368,000 | -367,000 | -368,000 | -368,000 | -368,000 | -332,000 | -1,068,000 | -367,000 | -368,000 | -368,000 | -368,000 | -6,367,000 | -368,000 | -368,000 | -368,000 | -368,000 | -368,000 | -367,000 | -368,000 | ||||||||||||
net cash from financing activities | -14,138,000 | -18,059,000 | -15,251,000 | -12,335,000 | -6,478,000 | -18,032,000 | -9,518,000 | -12,630,000 | -17,462,000 | -11,363,000 | -5,665,000 | -11,325,000 | -7,696,000 | -8,848,000 | -9,587,000 | 86,906,000 | -6,738,000 | -5,676,000 | -6,194,000 | -11,882,000 | -15,550,000 | -15,967,000 | -12,864,000 | -26,743,000 | -31,807,000 | -20,422,000 | -18,271,000 | -29,801,000 | -6,888,000 | -15,366,000 | -12,822,000 | -20,680,000 | -9,336,000 | -14,848,000 | -6,590,000 | -3,664,000 | -13,267,000 | -26,997,000 | -7,215,000 | 1,719,000 | -13,871,000 | -15,545,000 | -20,339,000 | -4,872,000 | -10,925,000 | -18,075,000 | -521,000 | -15,034,000 | -3,617,000 | -5,474,000 | 2,533,000 | -18,585,000 | 11,944,000 | -8,945,000 | 3,828,000 | -6,160,345 | -4,531,536 | -3,754,217 | |||
cash and cash equivalents and restricted cash and cash equivalents: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net increase during the period | 120,568,000 | 3,614,000 | 38,481,000 | 34,924,000 | 138,743,000 | -140,237,000 | -983,000 | -13,079,000 | 52,703,000 | 27,527,000 | -58,551,000 | 81,203,000 | -26,939,000 | 169,044,000 | -85,110,000 | 12,485,000 | -51,969,000 | 189,083,000 | -76,327,000 | -246,376,000 | 91,586,000 | 151,246,000 | -1,329,000 | 22,471,000 | -21,976,000 | -3,447,000 | 18,633,000 | -85,861,000 | -58,799,000 | 66,415,000 | 31,187,000 | ||||||||||||||||||||||||||||||
balance, beginning of period | 477,838,000 | 0 | 0 | 0 | 262,076,000 | 0 | 399,941,000 | 0 | 0 | 0 | 391,341,000 | 0 | 0 | 0 | 253,143,000 | 0 | 0 | 0 | 179,871,000 | 0 | 0 | 0 | 184,744,000 | 0 | 0 | 0 | 169,063,000 | 0 | 0 | 0 | 216,121,000 | ||||||||||||||||||||||||||||||
balance, end of period | 598,406,000 | 3,614,000 | 38,481,000 | 34,924,000 | 400,819,000 | -140,237,000 | 398,958,000 | -13,079,000 | 52,703,000 | 27,527,000 | 332,790,000 | 81,203,000 | -26,939,000 | 169,044,000 | 168,033,000 | 12,485,000 | -51,969,000 | 189,083,000 | 103,544,000 | -246,376,000 | 91,586,000 | 151,246,000 | 183,415,000 | 22,471,000 | -21,976,000 | -3,447,000 | 187,696,000 | -85,861,000 | -58,799,000 | 66,415,000 | 247,308,000 | ||||||||||||||||||||||||||||||
net income | 29,152,000 | 30,298,000 | 20,972,000 | 21,341,000 | 17,126,000 | 13,549,000 | 15,582,000 | 14,407,000 | 17,029,000 | 11,959,000 | 4,406,000 | 8,256,000 | 7,777,000 | 9,873,000 | -2,313,000 | 975,000 | 7,549,000 | 13,898,000 | 4,828,100 | 14,444,684 | 9,404,009 | 8,306,969 | 7,638,558 | 12,437,830 | |||||||||||||||||||||||||||||||||||||
adjustments to reconcile net income to net cash from operating activities: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
bad debt expense | 114,000 | 300,000 | 169,000 | 96,000 | 95,000 | 71,000 | 65,000 | 109,000 | 130,000 | 124,000 | 95,000 | 121,000 | 31,000 | 228,000 | 230,000 | 164,000 | -351,119 | 1,036,103 | 428,293 | 201,523 | |||||||||||||||||||||||||||||||||||||||||
depreciation and amortization | 782,000 | 448,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
amortization of share-based compensation | 4,820,000 | 4,973,000 | 3,576,000 | 3,556,000 | 3,525,000 | 1,685,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
amortization of debt issuance costs | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
provision for (or reversal of) credit losses on available-for-sale debt securities | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
book overdraft increase | -3,728,000 | 1,003,000 | 63,000 | 1,549,000 | 1,327,000 | -11,962,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
net realized losses on sale of investments | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net change in unrealized losses on investments | 62,000 | -15,000 | -23,000 | -7,874,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
amortization of premium/accretion of discount | 491,000 | 443,000 | 576,000 | 533,000 | 508,000 | 499,000 | 519,000 | 776,000 | 245,000 | 42,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
deferred income taxes | -346,000 | -1,875,000 | 289,000 | 435,000 | -115,000 | 509,000 | 1,635,000 | 1,564,000 | 308,000 | 3,856,000 | -2,993,000 | 5,095,000 | -3,871,000 | 5,582,000 | 1,129,000 | -7,063,000 | -4,051,000 | 442,000 | -3,111,642 | 1,769,454 | -1,871,037 | 1,879,864 | |||||||||||||||||||||||||||||||||||||||
excess tax (benefit) shortfall from share-based compensation | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss on disposal of assets | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net change in assets and liabilities relating to operating activities: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
prepaid reinsurance premiums | -1,433,000 | -2,501,000 | 4,817,000 | -1,511,000 | 42,215,000 | 5,188,000 | 9,292,000 | 5,435,000 | -3,462,000 | -12,558,000 | 8,978,000 | -1,064,000 | 28,530,000 | -33,270,000 | 8,247,000 | 2,240,000 | -25,187,000 | -7,309,000 | 7,277,467 | 4,723,213 | -12,064,021 | -20,728,351 | -31,908,933 | -5,193,314 | |||||||||||||||||||||||||||||||||||||
reinsurance recoverable | 13,282,000 | 2,022,000 | 1,054,000 | 21,325,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income taxes payable | -359,000 | -808,000 | 2,340,000 | -284,000 | -508,000 | 4,691,000 | 1,423,000 | 1,305,000 | 348,000 | -850,000 | 681,000 | -3,002,000 | 851,000 | -12,331,000 | -3,443,000 | 2,898,000 | 2,586,000 | 2,612,000 | 4,817,770 | -322,037 | 3,306,734 | 110,595 | |||||||||||||||||||||||||||||||||||||||
premiums receivable | 5,530,000 | 2,465,000 | 3,533,000 | 263,000 | -6,992,000 | -1,715,000 | 5,890,000 | 4,338,000 | -6,142,000 | -830,000 | 5,825,000 | 214,000 | -10,931,000 | 303,000 | 4,723,000 | 1,212,000 | -8,833,000 | 43,000 | 5,244,771 | -200,956 | -11,070,214 | -1,547,897 | -3,078,509 | -6,586,701 | |||||||||||||||||||||||||||||||||||||
accrued investment income | 76,000 | -210,000 | -72,000 | -128,000 | 2,000 | -32,000 | 178,000 | -169,000 | -749,000 | 20,000 | 51,000 | 75,000 | 159,000 | 40,000 | -401,000 | -214,619 | -487,705 | ||||||||||||||||||||||||||||||||||||||||||||
income taxes recoverable | 5,544,000 | 1,985,000 | -2,761,000 | -90,000 | 3,375,000 | 1,953,000 | 6,346,000 | -5,420,000 | -7,100,000 | 616,000 | -2,188,000 | 218,000 | 446,000 | -1,070,000 | 0 | -2 | -49,221 | 3,261,097 | |||||||||||||||||||||||||||||||||||||||||||
deferred policy acquisition costs | 2,984,000 | -822,000 | 2,172,000 | 245,000 | -12,184,000 | 6,000 | 1,054,000 | 288,000 | 136,000 | -95,000 | 737,000 | -275,000 | -5,946,000 | 1,198,000 | 17,000 | -987,000 | -1,886,000 | -694,000 | 3,407,170 | 1,189,041 | -1,605,498 | -2,971,768 | |||||||||||||||||||||||||||||||||||||||
other assets | 338,000 | 19,000 | 28,000 | -598,000 | -520,000 | 350,000 | 994,000 | -604,000 | -922,000 | 73,000 | -31,000 | 345,000 | 72,000 | -55,000 | 702,000 | 508,000 | -702,000 | -1,234,000 | -628,579 | 274,864 | -544,583 | 119,315 | -526,862 | 382,103 | |||||||||||||||||||||||||||||||||||||
unpaid losses and loss adjustment expenses | -2,219,000 | -11,058,000 | -2,562,000 | -7,710,000 | -5,932,000 | -8,665,000 | 1,848,000 | -8,886,000 | -16,269,000 | -10,712,000 | 20,567,000 | 8,049,000 | -7,675,000 | -14,915,000 | 24,261,000 | 7,579,000 | -2,875,000 | -679,000 | 22,070,987 | 7,954,089 | -2,832,909 | 4,538,917 | 6,790,504 | 1,728,768 | |||||||||||||||||||||||||||||||||||||
unearned premiums | -21,285,000 | 7,769,000 | -16,127,000 | -834,000 | 27,948,000 | 1,273,000 | -23,955,000 | -13,244,000 | 22,645,000 | 9,971,000 | -20,643,000 | 1,762,000 | 35,911,000 | 11,199,000 | -15,937,000 | -4,489,000 | 43,346,000 | 8,588,000 | -17,969,898 | -9,431,253 | 57,418,688 | 19,946,466 | 22,666,031 | 16,919,952 | |||||||||||||||||||||||||||||||||||||
commission payable | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
reinsurance payable | -51,842,000 | -6,311,000 | -36,185,000 | -17,844,000 | 26,441,000 | 7,422,000 | -32,341,000 | -16,126,000 | 29,819,000 | 19,621,000 | -38,674,000 | -149,853,000 | 159,310,000 | 26,980,000 | -41,307,000 | -1,307,000 | 19,025,000 | 35,533,000 | -29,985,847 | -18,882,727 | -2,393,421 | 16,103,884 | 60,321,687 | 28,036,181 | |||||||||||||||||||||||||||||||||||||
other liabilities and accrued expenses | -872,000 | 9,729,000 | 2,260,000 | 7,259,000 | -966,000 | -5,779,000 | 679,000 | 6,460,000 | 923,000 | -3,259,000 | 18,000 | 4,344,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
advance premium | -1,216,000 | -3,274,000 | -3,383,000 | -1,369,000 | -2,742,000 | 2,454,000 | -733,000 | -1,979,000 | -1,538,000 | 12,187,000 | -3,446,000 | -7,138,000 | -5,495,000 | 11,711,000 | -2,249,000 | -4,191,000 | -4,228,000 | 10,218,000 | -1,117,777 | 898,564 | -3,298,375 | 6,278,770 | |||||||||||||||||||||||||||||||||||||||
purchases of other investments | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchases of investment real estate | 0 | -1,000 | 0 | 0 | -149,000 | -734,000 | -822,000 | -4,284,000 | -235,000 | -1,034,000 | -2,195,000 | -1,264,000 | -1,096,000 | -2,326,000 | -53,000 | -2,021,000 | -332,000 | -6,000 | |||||||||||||||||||||||||||||||||||||||||||
proceeds from sale of other investments | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchase of treasury stock, inclusive of excise taxes paid | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents, and restricted cash and cash equivalents: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
supplemental cash and non-cash flow disclosures: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest paid | 59,000 | 59,000 | 107,000 | 196,000 | 196,000 | 200,000 | 328,000 | 330,000 | 395,000 | 433,000 | 423,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
income taxes paid | 5,110,000 | 22,487,000 | 13,829,000 | 18,275,000 | 16,085,000 | 15,749,000 | 10,531,000 | 2,404,000 | 70,000 | 28,731,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
income tax refund | -61,000 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sale of private equity limited partnership | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
debt issuance costs paid | -9,000 | 0 | -31,000 | -100,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sales of investment real estate | 0 | 0 | 0 | 2,591,000 | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sale of assets held for sale | 440,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of long-term debt | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchase of treasury stock | -3,636,000 | -12,297,000 | -1,843,000 | -2,419,000 | -3,502,000 | -3,879,000 | 0 | -1,364,000 | 0 | -245,000 | -2,420,000 | -9,885,000 | -10,029,000 | -6,587,000 | -16,254,000 | -25,708,000 | -14,107,000 | -10,117,000 | -14,160,000 | 0 | -8,370,000 | -2,746,000 | -257,000 | -8,965,000 | -95,000 | -1,488,000 | -5,053,000 | -1,874,000 | -10,984,000 | -2,589,000 | 0 | -9,999,000 | -5,000,000 | -14,737,000 | -1,000 | -4,288,000 | |||||||||||||||||||||||||
net change in unrealized gains of equity securities | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other | 18,000 | 0 | -6,000 | 30,000 | 7,000 | -12,000 | 4,000 | 0 | -859,000 | 838,000 | -605,857 | -5,900 | 0 | -15,035 | -5,268 | 135,387 | |||||||||||||||||||||||||||||||||||||||||||||
issuance of common stock | 0 | 7,000 | 0 | 116,000 | 0 | 91,000 | 7,000 | 0 | 0 | 7,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from the issuance of common stock for stock option exercises | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
reversal of provision for credit losses on available-for-sale debt securities | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net realized losses sale on investments | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
maturities of short-term investments | 0 | 0 | 0 | 0 | 24,991,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
issuance of common stock for stock option exercises | 0 | 0 | 0 | 239,000 | 0 | 29,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
amortization of original issue discount on debt | 94,000 | 92,000 | 181,000 | 179,000 | 230,000 | 250,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
reinsurance receivable | -187,000 | 550,000 | 5,067,000 | 13,817,000 | 95,136,000 | -109,870,000 | 39,411,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts payable | -1,204,000 | -399,000 | -336,000 | -352,000 | 310,000 | 1,058,000 | -422,000 | -1,147,000 | 694,000 | -52,000 | 116,000 | -1,090,000 | 278,000 | 750,000 | 28,000 | -1,406,000 | 421,000 | 1,504,000 | 271,198 | -1,326,619 | 848,643 | 801,445 | 1,780,726 | -647,277 | |||||||||||||||||||||||||||||||||||||
purchases of short-term investments | 4,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
maturities of available-for-sale short-term investments | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accretion of deferred credit | -94,000 | -92,000 | -181,000 | -179,000 | -230,000 | -250,000 | -252,000 | -248,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
net realized losses sale of securities | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchases of available -for-sale debt securities | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
sale of treasury stock | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
excess tax benefit (shortfall) from share-based compensation | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net realized losses on investments | -501,000 | -1,242,000 | -56,000 | 1,000 | 16,037,000 | 3,142,000 | 1,705,000 | 7,449,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
excess tax (benefits) shortfall from share-based compensation | -69,000 | -424,000 | -541,000 | -123,000 | 0 | -6,342,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
payments to acquire a business | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchases of fixed maturities | -66,011,000 | -47,076,000 | -41,170,000 | -37,348,000 | -145,724,000 | -95,889,000 | -71,798,000 | -78,713,575 | -50,426,894 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sales of fixed maturities | 6,536,000 | 13,136,000 | 7,052,000 | 5,059,000 | 57,755,000 | 16,152,000 | 12,014,000 | 90,915,664 | 25,322,048 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sales of short-term investments | 12,500,000 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
maturities of fixed maturities | 21,421,000 | 36,626,000 | 16,504,000 | 15,632,000 | 11,975,000 | 10,504,000 | 9,857,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchase of preferred stock | 1,000 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
excess tax benefits (shortfall) from share-based compensation | 409,000 | 255,000 | -308,000 | -1,510,000 | 69,000 | 424,000 | 541,000 | 123,000 | 0 | 6,342,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
borrowings under promissory note | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net increase in cash and cash equivalents | -152,690,000 | 120,681,000 | -99,511,000 | -10,042,000 | 55,249,000 | -36,980,000 | -4,760,000 | -11,556,000 | -54,955,000 | -31,005,000 | 78,586,000 | 5,496,000 | -20,011,000 | -43,571,000 | -302,019,000 | 135,484,000 | -18,283,000 | 9,350,000 | 30,357,000 | 96,283,000 | -85,213,000 | -27,901,000 | 75,626,000 | 133,528,000 | -147,386,563 | 32,527,259 | 33,903,454 | 35,617,023 | 9,939,365 | -98,760,627 | |||||||||||||||||||||||||||||||
cash and cash equivalents at beginning of period | 0 | 0 | 0 | 0 | 0 | 197,014,000 | 0 | 0 | 0 | 0 | 0 | 117,275,000 | 0 | 0 | 0 | 347,392,000 | 0 | 0 | 0 | 229,685,000 | -13,940,000 | 0 | 0 | 147,585,000 | 0 | 0 | 0 | 192,924,291 | 0 | 256,964,637 | |||||||||||||||||||||||||||||||
cash and cash equivalents at end of period | -152,690,000 | 120,681,000 | -99,511,000 | -10,042,000 | 55,249,000 | 160,034,000 | -4,760,000 | -11,556,000 | -54,955,000 | -31,005,000 | 78,586,000 | 122,771,000 | -20,011,000 | -43,571,000 | -302,019,000 | 482,876,000 | -18,283,000 | 9,350,000 | 30,357,000 | 325,968,000 | -99,153,000 | -27,901,000 | 75,626,000 | 281,113,000 | -147,386,563 | 32,527,259 | 33,903,454 | 228,541,314 | 9,939,365 | 158,204,010 | |||||||||||||||||||||||||||||||
restricted cash and cash equivalents | 3,962,000 | -3,962,000 | 0 | -35,000 | 0 | 53,000 | 0 | 30,356,000 | 62,127,000 | -20,861,000 | -26,096,000 | 30,134,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
other receivables | 486,000 | -676,000 | 462,000 | 271,000 | -85,000 | -636,000 | 666,000 | 896,000 | -1,158,000 | -273,000 | 1,126,000 | 357,000 | -1,586,000 | 463,000 | 758,000 | 1,053,000 | -1,454,000 | -228,000 | 774,984 | -483,125 | 1,654,063 | 864,550 | -2,713,788 | 2,892,527 | |||||||||||||||||||||||||||||||||||||
proceeds received from issuance of contingently redeemable common stock | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash flows from operating activities | 25,998,000 | 108,902,000 | 43,737,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net realized (gains) losses on investments | -902,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net change in unrealized (gains) losses on investments | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchase of trading securities | 0 | 0 | 0 | -26,009,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sales of trading securities | 0 | 0 | 21,991,000 | 80,670,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchases of equity securities, available for sale | -7,508,000 | -18,515,000 | -44,850,634 | -35,879,591 | -13,272,015 | -65,258,180 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchases of fixed maturities, available for sale | 839,000 | -13,180,000 | -283,001,000 | -9,988,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchases of short-term investments, available for sale | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sales of equity securities, available for sale | 15,152,000 | 376,000 | 34,233,754 | 36,447,190 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sales of fixed maturities, available for sale | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sales of short-term investments, available for sale | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
maturities of fixed maturities, available for sale | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
maturities of short-term investments, available for sale | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from borrowings | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
non-cash transfer of investments from trading to available for sale portfolio | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net foreign currency (gains) losses on investments | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchase of property and equipment | -357,000 | -751,000 | -264,000 | -238,000 | -439,000 | -409,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds received from issuance of common and contingently redeemable common stock | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
depreciation | 294,000 | 271,000 | 280,000 | 267,000 | 248,000 | 248,000 | 249,000 | 215,000 | 215,000 | 211,000 | 199,000 | 260,000 | 80,000 | 117,000 | 182,000 | 99,342 | 433,792 | 151,213 | 146,812 | ||||||||||||||||||||||||||||||||||||||||||
supplemental cash flow and non-cash disclosures: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchases of available for sale equity securities | -8,469,000 | -4,782,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchases of available for sale fixed maturities | -28,755,000 | -20,475,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sales of available for sale equity securities | 58,346,000 | 10,071,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sales of available for sale fixed maturities | 1,000 | 4,370,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
maturities of available for sale fixed maturities | 5,013,000 | 7,528,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
reinsurance recoverables | 31,750,000 | -32,947,000 | 4,251,000 | 8,080,000 | 1,960,000 | -8,391,000 | 34,659,000 | -38,410,000 | 8,657,000 | -8,161,000 | -342,000 | 1,923,000 | 426,000 | -12,215,642 | -4,100,723 | 1,800,204 | 26,780,719 | -2,527,696 | -1,339,673 | ||||||||||||||||||||||||||||||||||||||||||
reinsurance receivables | -6,801,000 | 24,065,000 | 274,000 | -20,062,000 | 19,854,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
amortization of stock-based compensation | 1,778,000 | 1,711,000 | 1,760,000 | 1,168,000 | 1,271,000 | 867,000 | 680,000 | 1,012,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
net foreign currency losses on investments | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
excess tax (benefits) shortfall from stock-based compensation | -307,000 | -48,000 | -155,000 | 151,000 | -5,000 | 1,694,000 | -71,000 | 142,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
maturities of fixed maturity securities, available for sale | 7,285,000 | 5,021,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
excess tax benefits (shortfall) from stock-based compensation | 308,000 | 47,000 | 155,000 | -151,000 | 5,000 | -1,694,000 | 71,000 | -142,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
interest | 87,000 | 87,000 | 86,000 | 136,000 | 105,000 | 112,000 | 180,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
amortization of original issue discount | 248,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
bank overdraft increase | -2,717,000 | -2,143,000 | 1,075,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
transfer of investments to available for sale portfolio | 4,009,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
transfer of investments from trading securities portfolio | -4,009,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
repayments of debt | -368,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
supplemental cash flow disclosures: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income taxes | 4,313,000 | 5,698,000 | 500,000 | 7,783,000 | 14,170,000 | 5,568,000 | 430,000 | 7,033,000 | 6,050,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
purchases of fixed maturities, available-for-sale | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sales of fixed maturities, available-for-sale | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net unrealized losses on investments | -8,091,000 | 5,788,000 | -9,187,000 | 15,985,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
amortization of premium / accretion of discount | -26,000 | 18,000 | 3,000 | 15,000 | 13,000 | 157,000 | 140,015 | 133,812 | 164,010 | 107,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sale of trading securities | 93,642,000 | 97,615,000 | 119,686,000 | 207,543,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchases of trading securities | -53,686,000 | -93,271,000 | -107,313,000 | -245,016,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
bank overdraft | 1,547,000 | -1,039,000 | 3,205,000 | 12,317,000 | -4,266,000 | 3,833,000 | -1,748,415 | 2,205,502 | -2,887,074 | 5,163,241 | |||||||||||||||||||||||||||||||||||||||||||||||||||
supplemental cash flow disclosures | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
bad debt (recovery) expense | -80,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net foreign currency (gains) on investments | -23,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other accrued expenses | -1,274,000 | 2,458,000 | 2,300,000 | -3,447,000 | 319,000 | 477,815 | 3,816,453 | -613,582 | -1,281,469 | -818,884 | 2,947,857 | ||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sale of property, plant and equipment | 18,000 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchases of property, plant and equipment | -1,542,000 | -590,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
supplemental cash flow disclosure | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
dividends accrued | 4,012,000 | -783,202 | 4,699,926 | -1,654 | 4,515,715 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net realized gains on investments | 10,146,000 | -5,884,000 | -2,960,000 | -3,652,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net unrealized losses (gains) on investments | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net foreign currency gains on investments | 0 | -71,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
excess tax benefits from stock-based compensation | 438,945 | 2 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
tax withholding payments related to stock-based compensation | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
supplemental cashflow disclosures: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
amortization of cost of stock options | 501,000 | 202,000 | 254,000 | 342,356 | 313,343 | 975,225 | 477,781 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
amortization of non-vested shares | 468,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchase of treasury shares | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other-than-temporary impairment of investments | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
amortization of restricted stock grants | 144,000 | 162,320 | 234,267 | 231,723 | 224,382 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net unrealized gains on investments | -2,588,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sales of debt securities, trading | 73,240,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchases of equity securities, trading | -48,350,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sales of equity securities, trading | 46,342,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
capital expenditures and building improvements | -399,000 | -387,449 | -38,222 | -146,484 | -277,977 | -91,723 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
treasury shares on option exercise | -568,513 | 0 | 0 | -3,723,972 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
tax benefit on exercise of stock options | -3,174,153 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
repayments of loans payable | -367,648 | -367,647 | -367,647 | -367,647 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
foreign currency gains on investments | -308,529 | 7,846 | -158,642 | -683,733 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred ceding commission | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchase of fixed maturities, trading | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sales of fixed maturities, trading | 70,663,953 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchase of equity securities, trading | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sale of equity securities, trading | 83,353,876 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sale of property | 0 | 17,500 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchase of property, plant and equipment | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchases of fixed maturities, held-to-maturity | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
repurchase of treasury stock | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
realized gains on investments | -3,841,335 | -4,457,307 | -3,694,717 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
unrealized gains on investments | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchases of fixed maturities, trading | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchase of real estate | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchases of equity securities, available-for-sale | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sales of equity securities, available-for-sale | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
non cash items: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
building improvements | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash from in financing activities | -7,473,590 | 4,247,788 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
allowance for doubtful accounts | 410,923 | 377,219 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
non cash items | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
amortization of fas 123r cost of stock options | 486,435 | 820,156 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
amortization of restricted stock grant | 163,470 | 162,519 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
stock issued for services | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
realized losses on investments | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
foreign currency transaction gains | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net amortization of premium / accretion of discount | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred taxes | 4,643,637 | -1,043,781 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred acquisition costs | -8,094,126 | 60,022 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
taxes payable | 5,989,694 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other liabilities | -2,390,942 | 6,357,481 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash flows from investing activities | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchases of fixed maturities: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
held to maturity | -38,281,966 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
available for sale | -62,370,400 | -63,665,595 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash flows from financing activities | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
acquisition of treasury stock | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
amortization and depreciation | 122,944 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
sales of equity securities, available for sale | 8,218,865 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
adjustments to reconcile net income to cash from operating activities | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash from operating activities - continuing operations | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash from operating activities - discontinued operations | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchase of investments | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash from investing activities - continuing operations | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash from investing activities - discontinued operations | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock dividend paid | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from loans payable | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
minority interest | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash from financing activities - continuing operations |