2014 Q1 Form 10-Q Financial Statement

#000137904114000130 Filed on May 01, 2014

View on sec.gov

Income Statement

Concept 2014 Q1 2013 Q1
Revenue $188.5M $166.3M
YoY Change 13.37% 27.76%
Cost Of Revenue $122.3M $108.3M
YoY Change 12.96% 34.47%
Gross Profit $66.20M $58.01M
YoY Change 14.13% 16.88%
Gross Profit Margin 35.12% 34.88%
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $1.800M $1.393M
YoY Change 29.22% -1.49%
% of Gross Profit 2.72% 2.4%
Operating Expenses $176.4M $159.0M
YoY Change 10.93% 24.01%
Operating Profit -$110.2M -$101.0M
YoY Change 9.1% 28.51%
Interest Expense $800.0K $808.0K
YoY Change -0.99% -10.42%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $12.10M $7.264M
YoY Change 66.57% 278.53%
Income Tax $1.300M -$226.0K
% Of Pretax Income 10.74% -3.11%
Net Earnings $10.80M $7.490M
YoY Change 44.19% 18.14%
Net Earnings / Revenue 5.73% 4.5%
Basic Earnings Per Share $0.34 $0.24
Diluted Earnings Per Share $0.34 $0.24
COMMON SHARES
Basic Shares Outstanding 31.41M shares 30.91M shares
Diluted Shares Outstanding 31.99M shares 31.44M shares

Balance Sheet

Concept 2014 Q1 2013 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $51.10M $130.9M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $19.50M
YoY Change 1850.0%
LONG-TERM ASSETS
Property, Plant & Equipment $16.23M $14.83M
YoY Change 9.46% 23.56%
Goodwill $36.19M $36.19M
YoY Change 0.0% 0.0%
Intangibles $9.517M $10.33M
YoY Change -7.89% -9.57%
Long-Term Investments $2.375B $2.198B
YoY Change 8.06% 9.54%
Other Assets $63.60M $32.30M
YoY Change 96.9% -8.5%
Total Long-Term Assets $3.554B
YoY Change 1.41%
TOTAL ASSETS
Total Short-Term Assets $19.50M
Total Long-Term Assets $3.554B
Total Assets $3.699B $3.574B
YoY Change 3.5% 1.93%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $17.10M $15.70M
YoY Change 8.92% -9.77%
Accrued Expenses $44.50M $42.90M
YoY Change 3.73% 37.06%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $61.60M $58.60M
YoY Change 5.12% 11.83%
LONG-TERM LIABILITIES
Long-Term Debt $102.0M $112.0M
YoY Change -8.93% -8.2%
Other Long-Term Liabilities $268.6M $307.6M
YoY Change -12.68% -16.62%
Total Long-Term Liabilities $370.6M $419.6M
YoY Change -11.68% -14.52%
TOTAL LIABILITIES
Total Short-Term Liabilities $61.60M $58.60M
Total Long-Term Liabilities $370.6M $419.6M
Total Liabilities $3.111B $3.026B
YoY Change 2.82% -0.48%
SHAREHOLDERS EQUITY
Retained Earnings $511.1M $451.5M
YoY Change 13.2% 24.39%
Common Stock $340.8M $330.1M
YoY Change 3.25% 2.95%
Preferred Stock
YoY Change
Treasury Stock (at cost) $362.6M $362.6M
YoY Change 0.0% 6.79%
Treasury Stock Shares 23.37M shares 23.37M shares
Shareholders Equity $587.9M $548.1M
YoY Change
Total Liabilities & Shareholders Equity $3.699B $3.574B
YoY Change 3.5% 1.93%

Cashflow Statement

Concept 2014 Q1 2013 Q1
OPERATING ACTIVITIES
Net Income $10.80M $7.490M
YoY Change 44.19% 18.14%
Depreciation, Depletion And Amortization $1.800M $1.393M
YoY Change 29.22% -1.49%
Cash From Operating Activities $38.60M $41.59M
YoY Change -7.18% 70.26%
INVESTING ACTIVITIES
Capital Expenditures -$1.500M -$1.400M
YoY Change 7.14% -33.33%
Acquisitions
YoY Change
Other Investing Activities -$19.30M -$49.70M
YoY Change -61.17% -4.79%
Cash From Investing Activities -$20.80M -$51.05M
YoY Change -59.26% -6.08%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00
YoY Change -100.0%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$1.200M -$308.0K
YoY Change 289.61% -98.52%
NET CHANGE
Cash From Operating Activities $38.60M $41.59M
Cash From Investing Activities -$20.80M -$51.05M
Cash From Financing Activities -$1.200M -$308.0K
Net Change In Cash $16.60M -$9.772M
YoY Change -269.87% -80.74%
FREE CASH FLOW
Cash From Operating Activities $38.60M $41.59M
Capital Expenditures -$1.500M -$1.400M
Free Cash Flow $40.10M $42.99M
YoY Change -6.72% 62.06%

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us-gaap Liability For Unpaid Claims And Claims Adjustment Expense Claims Paid Prior Years
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseClaimsPaidPriorYears
87125000 USD
us-gaap Liability For Unpaid Claims And Claims Adjustment Expense Claims Paid Prior Years
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseClaimsPaidPriorYears
73571000 USD
CY2013Q3 us-gaap Liability For Unpaid Claims And Claims Adjustment Expense Gross
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseGross
2358178000 USD
CY2012Q4 us-gaap Liability For Unpaid Claims And Claims Adjustment Expense Gross
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseGross
2330491000 USD
CY2012Q3 us-gaap Liability For Unpaid Claims And Claims Adjustment Expense Gross
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseGross
2258299000 USD
CY2011Q4 us-gaap Liability For Unpaid Claims And Claims Adjustment Expense Gross
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseGross
2231540000 USD
us-gaap Liability For Unpaid Claims And Claims Adjustment Expense Incurred Claims
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112234000 USD
us-gaap Liability For Unpaid Claims And Claims Adjustment Expense Incurred Claims
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseIncurredClaims
126555000 USD
us-gaap Liability For Unpaid Claims And Claims Adjustment Expense Incurred Claims Current Year
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseIncurredClaimsCurrentYear
111104000 USD
us-gaap Liability For Unpaid Claims And Claims Adjustment Expense Incurred Claims Current Year
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseIncurredClaimsCurrentYear
124804000 USD
us-gaap Liability For Unpaid Claims And Claims Adjustment Expense Incurred Claims Prior Years
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseIncurredClaimsPriorYears
1751000 USD
us-gaap Liability For Unpaid Claims And Claims Adjustment Expense Incurred Claims Prior Years
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseIncurredClaimsPriorYears
1130000 USD
CY2012Q3 us-gaap Liability For Unpaid Claims And Claims Adjustment Expense Net
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseNet
1459753000 USD
CY2012Q4 us-gaap Liability For Unpaid Claims And Claims Adjustment Expense Net
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseNet
1587436000 USD
CY2013Q3 us-gaap Liability For Unpaid Claims And Claims Adjustment Expense Net
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseNet
1622336000 USD
CY2011Q4 us-gaap Liability For Unpaid Claims And Claims Adjustment Expense Net
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseNet
1426154000 USD
CY2013Q1 us-gaap Net Cash Provided By Used In Financing Activities
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-308000 USD
CY2014Q1 us-gaap Net Cash Provided By Used In Financing Activities
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-1155000 USD
CY2014Q1 us-gaap Net Cash Provided By Used In Investing Activities
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-20800000 USD
CY2013Q1 us-gaap Net Cash Provided By Used In Investing Activities
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-51051000 USD
CY2013Q1 us-gaap Net Cash Provided By Used In Operating Activities
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41587000 USD
CY2014Q1 us-gaap Net Cash Provided By Used In Operating Activities
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38570000 USD
CY2014Q1 us-gaap Net Income Loss
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10753000 USD
CY2013Q1 us-gaap Net Income Loss
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7490000 USD
CY2013Q1 us-gaap Net Investment Income
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17405000 USD
CY2014Q1 us-gaap Net Investment Income
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18013000 USD
CY2013Q4 us-gaap Notes Payable
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102000000 USD
CY2014Q1 us-gaap Notes Payable
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102000000 USD
CY2013Q4 us-gaap Notes Payable Fair Value Disclosure
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105450000 USD
CY2014Q1 us-gaap Notes Payable Fair Value Disclosure
NotesPayableFairValueDisclosure
105579000 USD
CY2014Q1 us-gaap Operating Expenses
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176410000 USD
CY2013Q1 us-gaap Operating Expenses
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159013000 USD
CY2014Q1 us-gaap Other Assets
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18094000 USD
CY2013Q4 us-gaap Other Assets
OtherAssets
17920000 USD
CY2014Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
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8100000 USD
CY2013Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-491000 USD
CY2014Q1 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
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2118000 USD
CY2013Q1 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax
516000 USD
CY2014Q1 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax
1141000 USD
CY2013Q1 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax
278000 USD
CY2013Q1 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
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25000 USD
CY2014Q1 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
10218000 USD
CY2014Q1 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
5503000 USD
CY2013Q1 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
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14000 USD
CY2014Q1 us-gaap Other Income
OtherIncome
55000 USD
CY2013Q1 us-gaap Other Income
OtherIncome
103000 USD
CY2013Q4 us-gaap Other Liabilities
OtherLiabilities
25191000 USD
CY2014Q1 us-gaap Other Liabilities
OtherLiabilities
23411000 USD
CY2013Q1 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
562000 USD
CY2014Q1 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
188000 USD
CY2013Q1 us-gaap Other Than Temporary Impairment Losses Investments Portion Recognized In Earnings Net Availableforsale Securities
OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNetAvailableforsaleSecurities
0 USD
CY2014Q1 us-gaap Other Than Temporary Impairment Losses Investments Portion Recognized In Earnings Net Availableforsale Securities
OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNetAvailableforsaleSecurities
0 USD
CY2013Q1 us-gaap Other Underwriting Expense
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31540000 USD
CY2014Q1 us-gaap Other Underwriting Expense
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33301000 USD
CY2014Q1 us-gaap Payments Of Dividends Common Stock
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1879000 USD
CY2013Q1 us-gaap Payments Of Dividends Common Stock
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1852000 USD
CY2014Q1 us-gaap Payments Related To Tax Withholding For Share Based Compensation
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412000 USD
CY2013Q1 us-gaap Payments Related To Tax Withholding For Share Based Compensation
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-1374000 USD
CY2014Q1 us-gaap Payments To Acquire Available For Sale Securities Debt
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94495000 USD
CY2013Q1 us-gaap Payments To Acquire Available For Sale Securities Debt
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90117000 USD
CY2013Q1 us-gaap Payments To Acquire Available For Sale Securities Equity
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5328000 USD
CY2014Q1 us-gaap Payments To Acquire Available For Sale Securities Equity
PaymentsToAcquireAvailableForSaleSecuritiesEquity
7838000 USD
CY2013Q1 us-gaap Payments To Acquire Other Property Plant And Equipment
PaymentsToAcquireOtherPropertyPlantAndEquipment
1355000 USD
CY2014Q1 us-gaap Payments To Acquire Other Property Plant And Equipment
PaymentsToAcquireOtherPropertyPlantAndEquipment
1447000 USD
CY2014Q1 us-gaap Policyholder Benefits And Claims Incurred Net
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122256000 USD
CY2013Q1 us-gaap Policyholder Benefits And Claims Incurred Net
PolicyholderBenefitsAndClaimsIncurredNet
108272000 USD
CY2014Q1 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2013Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2014Q1 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
25000000 shares
CY2013Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
25000000 shares
CY2013Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2014Q1 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2014Q1 us-gaap Preferred Stock Value Outstanding
PreferredStockValueOutstanding
0 USD
CY2013Q4 us-gaap Preferred Stock Value Outstanding
PreferredStockValueOutstanding
0 USD
CY2013Q1 us-gaap Premiums Earned Net
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147975000 USD
CY2014Q1 us-gaap Premiums Earned Net
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167154000 USD
CY2013Q4 us-gaap Premiums Receivable At Carrying Value
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279080000 USD
CY2014Q1 us-gaap Premiums Receivable At Carrying Value
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294077000 USD
CY2014Q1 us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
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42418000 USD
CY2013Q1 us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
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39693000 USD
CY2013Q1 us-gaap Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
0 USD
CY2014Q1 us-gaap Proceeds From Sale Of Available For Sale Securities Debt
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35061000 USD
CY2014Q1 us-gaap Proceeds From Sale Of Available For Sale Securities Equity
ProceedsFromSaleOfAvailableForSaleSecuritiesEquity
7872000 USD
CY2013Q1 us-gaap Proceeds From Sale Of Available For Sale Securities Equity
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5284000 USD
CY2014Q1 us-gaap Proceeds From Sale Of Property Plant And Equipment
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0 USD
CY2013Q1 us-gaap Proceeds From Sale Of Property Plant And Equipment
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113000 USD
CY2013Q4 us-gaap Property Plant And Equipment Net
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16616000 USD
CY2014Q1 us-gaap Property Plant And Equipment Net
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16228000 USD
CY2013Q1 us-gaap Realized Investment Gains Losses
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794000 USD
CY2014Q1 us-gaap Realized Investment Gains Losses
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3259000 USD
CY2013Q4 us-gaap Reinsurance Receivables Paid Losses Recoverable
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8412000 USD
CY2014Q1 us-gaap Reinsurance Receivables Paid Losses Recoverable
ReinsuranceReceivablesPaidLossesRecoverable
8266000 USD
CY2014Q1 us-gaap Reinsurance Recoverables On Unpaid Losses Allowance
ReinsuranceRecoverablesOnUnpaidLossesAllowance
389000 USD
CY2013Q4 us-gaap Reinsurance Recoverables On Unpaid Losses Allowance
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389000 USD
CY2013Q4 us-gaap Restricted Cash And Cash Equivalents
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6564000 USD
CY2014Q1 us-gaap Restricted Cash And Cash Equivalents
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8935000 USD
CY2014Q1 us-gaap Retained Earnings Accumulated Deficit
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511067000 USD
CY2013Q4 us-gaap Retained Earnings Accumulated Deficit
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502198000 USD
CY2014Q1 us-gaap Revenues
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188481000 USD
CY2013Q1 us-gaap Revenues
Revenues
166277000 USD
CY2014Q1 us-gaap Schedule Of Liability For Unpaid Claims And Claims Adjustment Expense
ScheduleOfLiabilityForUnpaidClaimsAndClaimsAdjustmentExpense
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:4px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The following table represents a reconciliation of changes in the liability for unpaid losses and LAE.</font></div><div style="line-height:120%;padding-bottom:8px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="9" rowspan="1"></td></tr><tr><td width="72%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="11%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="11%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Three Months Ended</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">March&#160;31,</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:2px solid #000000;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2014</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:2px solid #000000;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2013</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(in thousands)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Unpaid losses and LAE, gross of reinsurance, at beginning of period</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,330,491</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,231,540</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Less reinsurance recoverable, excluding bad debt allowance, on unpaid losses and LAE</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">743,055</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">805,386</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Net unpaid losses and LAE at beginning of period</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,587,436</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,426,154</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Losses and LAE, net of reinsurance, related to:</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;padding-left:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Current period</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">124,804</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font 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style="font-family:inherit;font-size:10pt;">1,130</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Total net losses and LAE incurred during the period</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid 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style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">112,234</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Deduct payments for losses and LAE, net of reinsurance, related to:</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;padding-left:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Current period</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">4,530</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">5,064</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;padding-left:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Prior periods</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">87,125</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">73,571</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Total net payments for losses and LAE during the period</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">91,655</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">78,635</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Ending unpaid losses and LAE, net of reinsurance</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,622,336</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,459,753</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Reinsurance recoverable, excluding bad debt allowance, on unpaid losses and LAE</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">735,842</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">798,546</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Unpaid losses and LAE, gross of reinsurance, at end of period</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,358,178</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,258,299</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div></div><div style="line-height:120%;padding-bottom:8px;padding-top:4px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"></font></div></div>
CY2013Q1 us-gaap Share Based Compensation
ShareBasedCompensation
2110000 USD
CY2014Q1 us-gaap Share Based Compensation
ShareBasedCompensation
1596000 USD
CY2014Q1 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
9900 shares
CY2013 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
411295 shares
CY2013Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
568703000 USD
CY2014Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
587861000 USD
CY2013Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
23372974 shares
CY2014Q1 us-gaap Treasury Stock Shares
TreasuryStockShares
23372974 shares
CY2013Q4 us-gaap Treasury Stock Value
TreasuryStockValue
362550000 USD
CY2014Q1 us-gaap Treasury Stock Value
TreasuryStockValue
362550000 USD
CY2014Q1 us-gaap Unearned Premiums
UnearnedPremiums
320678000 USD
CY2013Q4 us-gaap Unearned Premiums
UnearnedPremiums
303967000 USD
CY2013Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
31436050 shares
CY2014Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
31989970 shares
CY2014Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
31409322 shares
CY2013Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
30914478 shares
CY2014Q1 eig Accumulated Other Comprehensive Income Deferred Tax On Net Unrealized Gains
AccumulatedOtherComprehensiveIncomeDeferredTaxOnNetUnrealizedGains
53049000 USD
CY2013Q4 eig Accumulated Other Comprehensive Income Deferred Tax On Net Unrealized Gains
AccumulatedOtherComprehensiveIncomeDeferredTaxOnNetUnrealizedGains
48687000 USD
CY2013Q4 eig Accumulated Other Comprehensive Income Loss Available For Sale Securities Before Tax
AccumulatedOtherComprehensiveIncomeLossAvailableForSaleSecuritiesBeforeTax
139105000 USD
CY2014Q1 eig Accumulated Other Comprehensive Income Loss Available For Sale Securities Before Tax
AccumulatedOtherComprehensiveIncomeLossAvailableForSaleSecuritiesBeforeTax
151567000 USD
CY2014Q1 eig Adjustmentto Lp Treserve Effective Income Taxreconciliation
AdjustmenttoLPTreserveEffectiveIncomeTaxreconciliation
-0.004
CY2013Q1 eig Adjustmentto Lp Treserve Effective Income Taxreconciliation
AdjustmenttoLPTreserveEffectiveIncomeTaxreconciliation
0.000
CY2013Q1 eig Amortization Of Deferred Gain
AmortizationOfDeferredGain
4000000 USD
CY2014Q1 eig Amortization Of Deferred Gain
AmortizationOfDeferredGain
4300000 USD
CY2014Q1 eig Antidilutive Securites Excluded Under Treasury Method From Computation Of Earnings Per Share Amount
AntidilutiveSecuritesExcludedUnderTreasuryMethodFromComputationOfEarningsPerShareAmount
296844 shares
CY2013Q1 eig Antidilutive Securites Excluded Under Treasury Method From Computation Of Earnings Per Share Amount
AntidilutiveSecuritesExcludedUnderTreasuryMethodFromComputationOfEarningsPerShareAmount
419191 shares
CY2013Q4 eig Contingent Commission Receivable Lpt Agreement
ContingentCommissionReceivableLptAgreement
25104000 USD
CY2014Q1 eig Contingent Commission Receivable Lpt Agreement
ContingentCommissionReceivableLptAgreement
25528000 USD
CY2013Q1 eig Contingent Commission Receivable Lpt Agreement Cfs
ContingentCommissionReceivableLptAgreementCfs
-385000 USD
CY2014Q1 eig Contingent Commission Receivable Lpt Agreement Cfs
ContingentCommissionReceivableLptAgreementCfs
-424000 USD
CY2014Q1 eig Deferred Reinsurance Gain Lpt Agreement
DeferredReinsuranceGainLptAgreement
245197000 USD
CY2013Q4 eig Deferred Reinsurance Gain Lpt Agreement
DeferredReinsuranceGainLptAgreement
249072000 USD
CY2014Q1 eig Deferred Reinsurance Gain Lpt Agreement Cfs
DeferredReinsuranceGainLptAgreementCfs
3875000 USD
CY2013Q1 eig Deferred Reinsurance Gain Lpt Agreement Cfs
DeferredReinsuranceGainLptAgreementCfs
3577000 USD
CY2013Q1 eig Effective Income Tax Rate Reconciliation Lpt Agreement
EffectiveIncomeTaxRateReconciliationLptAgreement
-0.144
CY2014Q1 eig Effective Income Tax Rate Reconciliation Lpt Agreement
EffectiveIncomeTaxRateReconciliationLptAgreement
-0.085
CY2013Q1 eig Effective Income Tax Rate Reconciliation Tax Exempt Income And Deductions Dividends
EffectiveIncomeTaxRateReconciliationTaxExemptIncomeAndDeductionsDividends
-0.250
CY2014Q1 eig Effective Income Tax Rate Reconciliation Tax Exempt Income And Deductions Dividends
EffectiveIncomeTaxRateReconciliationTaxExemptIncomeAndDeductionsDividends
-0.160
CY2013Q4 eig Estimated Remaining Liabilities Lpt Agreement
EstimatedRemainingLiabilitiesLptAgreement
612100000 USD
CY2014Q1 eig Estimated Remaining Liabilities Lpt Agreement
EstimatedRemainingLiabilitiesLptAgreement
603500000 USD
CY2014Q1 eig Increase Decrease In Restricted Cash Provided By Used In Investing Actiities
IncreaseDecreaseInRestrictedCashProvidedByUsedInInvestingActiities
2371000 USD
CY2013Q1 eig Increase Decrease In Restricted Cash Provided By Used In Investing Actiities
IncreaseDecreaseInRestrictedCashProvidedByUsedInInvestingActiities
-659000 USD
CY2013Q4 eig Number Of Issues Available For Sale Securities Continous Unrealized Loss Position Less Than Twelve Months
NumberOfIssuesAvailableForSaleSecuritiesContinousUnrealizedLossPositionLessThanTwelveMonths
251 USD
CY2014Q1 eig Number Of Issues Available For Sale Securities Continous Unrealized Loss Position Less Than Twelve Months
NumberOfIssuesAvailableForSaleSecuritiesContinousUnrealizedLossPositionLessThanTwelveMonths
203 USD
CY2013Q4 eig Number Of Issues Available For Sale Securities Continuous Unrealized Loss Position Aggregate
NumberOfIssuesAvailableForSaleSecuritiesContinuousUnrealizedLossPositionAggregate
272 USD
CY2014Q1 eig Number Of Issues Available For Sale Securities Continuous Unrealized Loss Position Aggregate
NumberOfIssuesAvailableForSaleSecuritiesContinuousUnrealizedLossPositionAggregate
223 USD
CY2013Q4 eig Number Of Issues Available For Sale Securities Continuous Unrealized Loss Position Greater Than Twelve Months
NumberOfIssuesAvailableForSaleSecuritiesContinuousUnrealizedLossPositionGreaterThanTwelveMonths
21 USD
CY2014Q1 eig Number Of Issues Available For Sale Securities Continuous Unrealized Loss Position Greater Than Twelve Months
NumberOfIssuesAvailableForSaleSecuritiesContinuousUnrealizedLossPositionGreaterThanTwelveMonths
20 USD
CY2013Q4 eig Paid Losses And Lae Claims Related To Lpt
PaidLossesAndLaeClaimsRelatedToLpt
637900000 USD
CY2014Q1 eig Paid Losses And Lae Claims Related To Lpt
PaidLossesAndLaeClaimsRelatedToLpt
645500000 USD
CY2014Q1 eig Reinsurance Quota Share Percentage
ReinsuranceQuotaSharePercentage
1.00
CY2012Q3 eig Reinsurance Recoverable Unpaid Losses Excluding Allowance
ReinsuranceRecoverableUnpaidLossesExcludingAllowance
798546000 USD
CY2013Q3 eig Reinsurance Recoverable Unpaid Losses Excluding Allowance
ReinsuranceRecoverableUnpaidLossesExcludingAllowance
735842000 USD
CY2011Q4 eig Reinsurance Recoverable Unpaid Losses Excluding Allowance
ReinsuranceRecoverableUnpaidLossesExcludingAllowance
805386000 USD
CY2012Q4 eig Reinsurance Recoverable Unpaid Losses Excluding Allowance
ReinsuranceRecoverableUnpaidLossesExcludingAllowance
743055000 USD
CY2013Q4 eig Reinsurance Recoverable Unpaid Losses Less Allowance
ReinsuranceRecoverableUnpaidLossesLessAllowance
742666000 USD
CY2014Q1 eig Reinsurance Recoverable Unpaid Losses Less Allowance
ReinsuranceRecoverableUnpaidLossesLessAllowance
735453000 USD
CY2014Q1 dei Amendment Flag
AmendmentFlag
false
CY2014Q1 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2014Q1 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q1
CY2014Q1 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2014
CY2014Q1 dei Document Period End Date
DocumentPeriodEndDate
2014-03-31
CY2014Q1 dei Document Type
DocumentType
10-Q
CY2014Q1 dei Entity Central Index Key
EntityCentralIndexKey
0001379041
CY2014Q2 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
31375759 shares
CY2014Q1 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2014Q1 dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
CY2014Q1 dei Entity Registrant Name
EntityRegistrantName
Employers Holdings, Inc.
CY2014Q1 dei Entity Voluntary Filers
EntityVoluntaryFilers
No
CY2014Q1 dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
Yes

Files In Submission

Name View Source Status
0001379041-14-000130-index-headers.html Edgar Link pending
0001379041-14-000130-index.html Edgar Link pending
0001379041-14-000130.txt Edgar Link pending
0001379041-14-000130-xbrl.zip Edgar Link pending
eig-20140331.xml Edgar Link completed
eig-20140331.xsd Edgar Link pending
eig-20140331_cal.xml Edgar Link unprocessable
eig-20140331_def.xml Edgar Link unprocessable
eig-20140331_lab.xml Edgar Link unprocessable
eig-20140331_pre.xml Edgar Link unprocessable
eig-3312014x10q.htm Edgar Link pending
eig-ex311_2014331.htm Edgar Link pending
eig-ex312_2014331.htm Edgar Link pending
eig-ex321_2014331.htm Edgar Link pending
eig-ex322_2014331.htm Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xls Edgar Link pending
Financial_Report.xlsx Edgar Link pending
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report.css Edgar Link pending
Show.js Edgar Link pending