Consolidated Balance Sheets (USD $) In Thousands, unless otherwise specified	Dec. 31, 2011	Dec. 31, 2010
ASSETS
Fixed income securities available-for-sale, at fair value (amortized cost $665,891 in 2011 and $665,761 in 2010)	$ 700,346	$ 672,968
Cash and cash equivalents	28,503	15,958
Accrued investment income	6,987	7,085
Premiums receivable, net of allowance	18,332	15,023
Deferred premiums	142,486	168,842
Reinsurance recoverables	94,173	56,746
Due from reinsurer	4,814	4,420
Receivable under adverse development cover	3,117	2,965
Prepaid reinsurance	4,424	4,288
Property and equipment, net	6,337	6,277
Federal income tax recoverable	12,823	11,749
Deferred income taxes, net	19,233	23,458
Deferred policy acquisition costs, net	21,834	25,574
Intangible assets, net	1,244	1,330
Goodwill	2,794	2,794
Other assets	11,391	7,085
Total assets	1,078,838	1,026,562
LIABILITIES AND STOCKHOLDERS’ EQUITY
Unpaid loss and loss adjustment expense	518,044	440,919
Unearned premiums	130,300	155,786
Reinsurance funds withheld and balances payable	7,079	6,739
Premiums payable	6,351	8,645
Accrued expenses and other liabilities	51,553	51,456
Surplus notes	12,000	12,000
Total liabilities	725,327	675,545
Commitments and contingencies (Notes 13 and 15)
Series A preferred stock, $0.01 par value; 750,000 shares authorized; no shares issued and outstanding	0	0
Undesignated preferred stock, $0.01 par value; 10,000,000 shares authorized; no shares issued and outstanding	0	0
Common stock, $0.01 par value; 75,000,000 shares authorized; issued and outstanding — 22,327,749 shares at December 31, 2011 and 22,025,450 shares at December 31, 2010	223	220
Paid-in capital	213,746	209,941
Accumulated other comprehensive income	23,269	5,591
Retained earnings	116,273	135,265
Total stockholders’ equity	353,511	351,017
Total liabilities and stockholders’ equity	$ 1,078,838	$ 1,026,562