XML 37 R2.htm IDEA: XBRL DOCUMENT  v2.3.0.11
Consolidated Balance Sheets (USD $)
In Thousands
Jun. 30, 2011
Dec. 31, 2010
Investments available-for-sale:    
Fixed maturity securities at fair value (including $5,987 and $5,419 from VIE) $ 818,284 $ 750,250
Short-term investments, at fair value (including $2,145 and $3,083 from VIE) 34,810 60,207
Total investments 863,081 818,450
Cash and cash equivalents (including $1,053 and $759 from VIE) 28,579 38,307
Accrued investment income (including $57 and $54 from VIE) 6,828 7,174
Premiums receivable (including $1,022 and $1,116 from VIE) 46,584 32,470
Ceded unearned premiums (including $230 and $286 from VIE) 25,104 24,380
Reinsurance recoverables (including $2,393 and $4,291 from VIE) 190,844 198,014
Deferred income taxes 6,295 5,922
Deferred acquisition costs (including $(533) and $(38) from VIE) 24,561 22,142
Property, plant and equipment, net 13,911 13,013
Goodwill 9,317 9,317
Other assets (including $1,191 and $0 from VIE) 50,220 52,064
Total assets 1,265,324 1,221,253
Liabilities:    
Unpaid losses and loss adjustment expenses (including $8,336 and $9,710 from VIE) 667,644 649,641
Unearned premiums (including $845 and $945 from VIE) 142,624 128,981
Ceded premiums payable (including $440 and $434 from VIE) 15,059 11,496
Funds held (including $181 and $248 from VIE) 62,020 55,917
Other liabilities (including $0 and $427 from VIE) 14,554 17,501
Loans payable 39,183 39,183
Total liabilities 941,084 902,719
Shareholders' equity:    
Preferred stock, $0.01 par value; authorized 5,000,000 shares; no shares issued and outstanding 0 0
Common stock, $0.01 par value; authorized 30,000,000 shares; issued and outstanding at June 30, 2011, 10,385,419 and December 31, 2010, 10,386,519 104 104
Additional paid-in capital 102,090 102,768
Retained earnings 186,299 174,328
Accumulated other comprehensive income, net 32,004 38,128
Total American Safety Insurance Holdings, Ltd. shareholder's equity 320,497 315,328
Equity in non-controlling interest 3,743 3,206
Total equity 324,240 318,534
Total liabilities and equity 1,265,324 1,221,253
Common Stock
   
Schedule of Available-for-sale Securities [Line Items]    
Stock, at fair value 6,926 5,082
Preferred Stock
   
Schedule of Available-for-sale Securities [Line Items]    
Stock, at fair value $ 3,061 $ 2,911