2016 Q2 Form 10-Q Financial Statement

#000010119916000580 Filed on August 03, 2016

View on sec.gov

Income Statement

Concept 2016 Q2 2015 Q2
Revenue $244.9M $255.9M
YoY Change -4.32% 9.99%
Cost Of Revenue $180.4M $150.4M
YoY Change 19.99% 5.36%
Gross Profit $64.45M $105.6M
YoY Change -38.94% 17.34%
Gross Profit Margin 26.32% 41.25%
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $1.600M $1.600M
YoY Change 0.0% 6.67%
% of Gross Profit 2.48% 1.52%
Operating Expenses $209.8M $236.4M
YoY Change -11.25% 7.65%
Operating Profit -$145.3M -$130.8M
YoY Change 11.08% 0.93%
Interest Expense
YoY Change
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $1.372M $19.53M
YoY Change -92.98% 49.61%
Income Tax -$2.250M $4.515M
% Of Pretax Income -163.99% 23.11%
Net Earnings $3.114M $15.02M
YoY Change -79.26% 40.55%
Net Earnings / Revenue 1.27% 5.87%
Basic Earnings Per Share $0.12 $0.60
Diluted Earnings Per Share $0.12 $0.59
COMMON SHARES
Basic Shares Outstanding 25.37M shares 25.02M shares
Diluted Shares Outstanding 25.80M shares 25.29M shares

Balance Sheet

Concept 2016 Q2 2015 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $119.7M $93.38M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment $53.24M $50.11M
YoY Change 6.23% 4.4%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $3.271B $3.137B
YoY Change 4.29% -0.26%
Other Assets
YoY Change
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $4.106B $3.891B
YoY Change 5.51% 1.03%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses $204.9M $224.5M
YoY Change -8.73% 60.24%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $204.9M $224.5M
YoY Change -8.73% 60.24%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $0.00 $0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $204.9M $224.5M
Total Long-Term Liabilities $0.00 $0.00
Total Liabilities $3.145B $3.060B
YoY Change 2.79% 1.12%
SHAREHOLDERS EQUITY
Retained Earnings $604.7M $551.7M
YoY Change 9.59% 10.69%
Common Stock $215.1M $203.5M
YoY Change 5.69% -2.34%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $961.0M $831.9M
YoY Change
Total Liabilities & Shareholders Equity $4.106B $3.891B
YoY Change 5.51% 1.03%

Cashflow Statement

Concept 2016 Q2 2015 Q2
OPERATING ACTIVITIES
Net Income $3.114M $15.02M
YoY Change -79.26% 40.55%
Depreciation, Depletion And Amortization $1.600M $1.600M
YoY Change 0.0% 6.67%
Cash From Operating Activities $45.80M $77.40M
YoY Change -40.83% 110.9%
INVESTING ACTIVITIES
Capital Expenditures -$2.200M -$1.800M
YoY Change 22.22% 38.46%
Acquisitions
YoY Change
Other Investing Activities -$43.80M -$47.20M
YoY Change -7.2% -712.99%
Cash From Investing Activities -$46.00M -$49.10M
YoY Change -6.31% -879.37%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -24.00M -46.30M
YoY Change -48.16% 115.35%
NET CHANGE
Cash From Operating Activities 45.80M 77.40M
Cash From Investing Activities -46.00M -49.10M
Cash From Financing Activities -24.00M -46.30M
Net Change In Cash -24.20M -18.00M
YoY Change 34.44% -183.72%
FREE CASH FLOW
Cash From Operating Activities $45.80M $77.40M
Capital Expenditures -$2.200M -$1.800M
Free Cash Flow $48.00M $79.20M
YoY Change -39.39% 108.42%

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CY2016Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.12
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.00
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.35
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.350
CY2016Q2 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
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8865000 USD
CY2015Q4 us-gaap Held To Maturity Securities
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672000 USD
CY2016Q2 us-gaap Held To Maturity Securities
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658000 USD
CY2016Q2 us-gaap Held To Maturity Securities Debt Maturities After Five Through Ten Years Fair Value
HeldToMaturitySecuritiesDebtMaturitiesAfterFiveThroughTenYearsFairValue
0 USD
CY2016Q2 us-gaap Held To Maturity Securities Debt Maturities After Five Through Ten Years Net Carrying Amount
HeldToMaturitySecuritiesDebtMaturitiesAfterFiveThroughTenYearsNetCarryingAmount
0 USD
CY2016Q2 us-gaap Held To Maturity Securities Debt Maturities After One Through Five Years Fair Value
HeldToMaturitySecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue
601000 USD
CY2016Q2 us-gaap Held To Maturity Securities Debt Maturities After One Through Five Years Net Carrying Amount
HeldToMaturitySecuritiesDebtMaturitiesAfterOneThroughFiveYearsNetCarryingAmount
600000 USD
CY2016Q2 us-gaap Held To Maturity Securities Debt Maturities After Ten Years Fair Value
HeldToMaturitySecuritiesDebtMaturitiesAfterTenYearsFairValue
0 USD
CY2016Q2 us-gaap Held To Maturity Securities Debt Maturities After Ten Years Net Carrying Amount
HeldToMaturitySecuritiesDebtMaturitiesAfterTenYearsNetCarryingAmount
0 USD
CY2016Q2 us-gaap Held To Maturity Securities Debt Maturities Within One Year Fair Value
HeldToMaturitySecuritiesDebtMaturitiesWithinOneYearFairValue
0 USD
CY2016Q2 us-gaap Held To Maturity Securities Debt Maturities Within One Year Net Carrying Amount
HeldToMaturitySecuritiesDebtMaturitiesWithinOneYearNetCarryingAmount
0 USD
CY2015Q4 us-gaap Held To Maturity Securities Fair Value
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675000 USD
CY2016Q2 us-gaap Held To Maturity Securities Fair Value
HeldToMaturitySecuritiesFairValue
660000 USD
CY2015Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
19533000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
51364000 USD
CY2016Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
864000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
29638000 USD
CY2015Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
4515000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
12667000 USD
CY2016Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-2250000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
4097000 USD
CY2015Q4 us-gaap Income Tax Receivable
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0 USD
CY2016Q2 us-gaap Income Tax Receivable
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12341000 USD
us-gaap Income Taxes Paid
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27216000 USD
us-gaap Income Taxes Paid
IncomeTaxesPaid
24017000 USD
us-gaap Increase Decrease In Accrued Income Taxes Payable
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-5012000 USD
us-gaap Increase Decrease In Accrued Income Taxes Payable
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-4917000 USD
us-gaap Increase Decrease In Accrued Investment Income Receivable
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-799000 USD
us-gaap Increase Decrease In Accrued Investment Income Receivable
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-235000 USD
us-gaap Increase Decrease In Deferred Income Taxes
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434000 USD
us-gaap Increase Decrease In Deferred Income Taxes
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550000 USD
us-gaap Increase Decrease In Future Policy Benefit Reserves
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43735000 USD
us-gaap Increase Decrease In Future Policy Benefit Reserves
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78807000 USD
us-gaap Increase Decrease In Income Taxes Receivable
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6042000 USD
us-gaap Increase Decrease In Income Taxes Receivable
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12341000 USD
us-gaap Increase Decrease In Other Operating Assets
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-196000 USD
us-gaap Increase Decrease In Other Operating Liabilities
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-1467000 USD
us-gaap Increase Decrease In Other Operating Liabilities
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1474000 USD
us-gaap Increase Decrease In Premiums Receivable
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53776000 USD
us-gaap Increase Decrease In Premiums Receivable
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63334000 USD
us-gaap Increase Decrease In Prepaid Reinsurance Premiums
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342000 USD
us-gaap Increase Decrease In Prepaid Reinsurance Premiums
IncreaseDecreaseInPrepaidReinsurancePremiums
363000 USD
us-gaap Increase Decrease In Reinsurance Recoverable
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-12918000 USD
us-gaap Increase Decrease In Reinsurance Recoverable
IncreaseDecreaseInReinsuranceRecoverable
7413000 USD
us-gaap Increase Decrease In Unearned Premiums
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53048000 USD
us-gaap Increase Decrease In Unearned Premiums
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60851000 USD
CY2015Q2 us-gaap Interest Credited To Policyholders Account Balances
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6024000 USD
us-gaap Interest Credited To Policyholders Account Balances
InterestCreditedToPolicyholdersAccountBalances
12639000 USD
CY2016Q2 us-gaap Interest Credited To Policyholders Account Balances
InterestCreditedToPolicyholdersAccountBalances
5138000 USD
us-gaap Interest Credited To Policyholders Account Balances
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10385000 USD
us-gaap Interest Expense
InterestExpense
0 USD
us-gaap Interest Expense
InterestExpense
0 USD
us-gaap Interest Paid
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0 USD
us-gaap Interest Paid
InterestPaid
0 USD
CY2015Q2 us-gaap Investments
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3136866000 USD
CY2015Q4 us-gaap Investments
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3142760000 USD
CY2016Q2 us-gaap Investments
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3271406000 USD
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3011479000 USD
CY2016Q2 us-gaap Liabilities
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3144807000 USD
CY2015Q4 us-gaap Liabilities And Stockholders Equity
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3890376000 USD
CY2016Q2 us-gaap Liabilities And Stockholders Equity
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4105838000 USD
CY2015Q4 us-gaap Liability For Claims And Claims Adjustment Expense Property Casualty Liability
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1003895000 USD
CY2016Q2 us-gaap Liability For Claims And Claims Adjustment Expense Property Casualty Liability
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1054548000 USD
CY2015Q4 us-gaap Liability For Future Policy Benefits Life
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1372358000 USD
CY2016Q2 us-gaap Liability For Future Policy Benefits Life
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1364307000 USD
CY2015Q2 us-gaap Liability For Future Policy Benefits Period Expense
LiabilityForFuturePolicyBenefitsPeriodExpense
12096000 USD
us-gaap Liability For Future Policy Benefits Period Expense
LiabilityForFuturePolicyBenefitsPeriodExpense
19719000 USD
CY2016Q2 us-gaap Liability For Future Policy Benefits Period Expense
LiabilityForFuturePolicyBenefitsPeriodExpense
16002000 USD
us-gaap Liability For Future Policy Benefits Period Expense
LiabilityForFuturePolicyBenefitsPeriodExpense
28554000 USD
CY2015Q2 us-gaap Line Of Credit
LineOfCredit
0 USD
CY2016Q2 us-gaap Line Of Credit
LineOfCredit
0 USD
CY2016Q1 us-gaap Line Of Credit Facility Maximum Borrowing Capacity
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100000000 USD
CY2015Q4 us-gaap Mortgage Loans On Real Estate Commercial And Consumer Net
MortgageLoansOnRealEstateCommercialAndConsumerNet
3961000 USD
CY2016Q2 us-gaap Mortgage Loans On Real Estate Commercial And Consumer Net
MortgageLoansOnRealEstateCommercialAndConsumerNet
3836000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-5084000 USD
us-gaap Net Cash Provided By Used In Investing Activities
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us-gaap Net Cash Provided By Used In Operating Activities
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91256000 USD
us-gaap Net Cash Provided By Used In Operating Activities
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81077000 USD
us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Before Reclassification Adjustments And Tax
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0 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Before Tax
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2890000 USD
CY2016Q2 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Before Reclassification Adjustments And Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeReclassificationAdjustmentsAndTax
0 USD
us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Before Reclassification Adjustments And Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeReclassificationAdjustmentsAndTax
0 USD
CY2015Q2 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Before Tax
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995000 USD
CY2015Q2 us-gaap Net Income Loss
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15018000 USD
us-gaap Net Income Loss
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38697000 USD
CY2016Q2 us-gaap Net Income Loss
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3114000 USD
us-gaap Net Income Loss
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25541000 USD
CY2015Q2 us-gaap Net Investment Income
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25792000 USD
us-gaap Net Investment Income
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CY2016Q2 us-gaap Net Investment Income
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24507000 USD
us-gaap Net Investment Income
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46731000 USD
us-gaap Number Of Operating Segments
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CY2016Q2 us-gaap Other Assets
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CY2015Q2 us-gaap Other Comprehensive Income Loss Before Reclassifications Before Tax
OtherComprehensiveIncomeLossBeforeReclassificationsBeforeTax
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us-gaap Other Comprehensive Income Loss Before Reclassifications Before Tax
OtherComprehensiveIncomeLossBeforeReclassificationsBeforeTax
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CY2016Q2 us-gaap Other Comprehensive Income Loss Before Reclassifications Before Tax
OtherComprehensiveIncomeLossBeforeReclassificationsBeforeTax
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us-gaap Other Comprehensive Income Loss Before Reclassifications Before Tax
OtherComprehensiveIncomeLossBeforeReclassificationsBeforeTax
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CY2015Q2 us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
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us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
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CY2016Q2 us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
32065000 USD
us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
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CY2015Q2 us-gaap Other Comprehensive Income Loss Before Reclassifications Tax
OtherComprehensiveIncomeLossBeforeReclassificationsTax
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us-gaap Other Comprehensive Income Loss Before Reclassifications Tax
OtherComprehensiveIncomeLossBeforeReclassificationsTax
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CY2016Q2 us-gaap Other Comprehensive Income Loss Before Reclassifications Tax
OtherComprehensiveIncomeLossBeforeReclassificationsTax
17267000 USD
us-gaap Other Comprehensive Income Loss Before Reclassifications Tax
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CY2015Q2 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Before Reclassification Adjustments And Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeReclassificationAdjustmentsAndTax
0 USD
CY2016Q2 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Before Tax
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700000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Before Tax
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2346000 USD
CY2015Q2 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Before Tax
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1867000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansBeforeTax
3734000 USD
CY2016Q2 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Before Tax
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1371000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansBeforeTax
2742000 USD
CY2015Q2 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
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us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
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CY2016Q2 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
49332000 USD
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
93208000 USD
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
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us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
59059000 USD
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
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us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
31802000 USD
CY2015Q2 us-gaap Other Income
OtherIncome
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us-gaap Other Income
OtherIncome
195000 USD
CY2016Q2 us-gaap Other Income
OtherIncome
183000 USD
us-gaap Other Income
OtherIncome
291000 USD
CY2015Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
53241000 USD
CY2016Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
53236000 USD
CY2015Q2 us-gaap Realized Investment Gains Losses
RealizedInvestmentGainsLosses
769000 USD
us-gaap Realized Investment Gains Losses
RealizedInvestmentGainsLosses
1656000 USD
CY2016Q2 us-gaap Realized Investment Gains Losses
RealizedInvestmentGainsLosses
1596000 USD
CY2016Q2 us-gaap Other Short Term Investments
OtherShortTermInvestments
175000 USD
CY2015Q2 us-gaap Other Underwriting Expense
OtherUnderwritingExpense
23546000 USD
us-gaap Other Underwriting Expense
OtherUnderwritingExpense
47080000 USD
CY2016Q2 us-gaap Other Underwriting Expense
OtherUnderwritingExpense
24772000 USD
us-gaap Other Underwriting Expense
OtherUnderwritingExpense
51525000 USD
us-gaap Payments For Proceeds From Productive Assets
PaymentsForProceedsFromProductiveAssets
3711000 USD
us-gaap Payments For Proceeds From Productive Assets
PaymentsForProceedsFromProductiveAssets
2825000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
1443000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
0 USD
us-gaap Payments Of Dividends
PaymentsOfDividends
10503000 USD
us-gaap Payments Of Dividends
PaymentsOfDividends
11898000 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
319000 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
354000 USD
us-gaap Payments To Acquire Available For Sale Securities
PaymentsToAcquireAvailableForSaleSecurities
384065000 USD
us-gaap Payments To Acquire Available For Sale Securities
PaymentsToAcquireAvailableForSaleSecurities
338213000 USD
CY2015Q2 us-gaap Policyholder Benefits And Claims Incurred Net
PolicyholderBenefitsAndClaimsIncurredNet
150362000 USD
us-gaap Policyholder Benefits And Claims Incurred Net
PolicyholderBenefitsAndClaimsIncurredNet
276771000 USD
CY2016Q2 us-gaap Policyholder Benefits And Claims Incurred Net
PolicyholderBenefitsAndClaimsIncurredNet
180412000 USD
us-gaap Policyholder Benefits And Claims Incurred Net
PolicyholderBenefitsAndClaimsIncurredNet
322540000 USD
CY2015Q2 us-gaap Premiums Earned Net
PremiumsEarnedNet
229225000 USD
us-gaap Premiums Earned Net
PremiumsEarnedNet
442396000 USD
CY2016Q2 us-gaap Premiums Earned Net
PremiumsEarnedNet
253487000 USD
us-gaap Premiums Earned Net
PremiumsEarnedNet
494785000 USD
CY2015Q4 us-gaap Premiums Receivable Allowance For Doubtful Accounts
PremiumsReceivableAllowanceForDoubtfulAccounts
867000 USD
CY2016Q2 us-gaap Premiums Receivable Allowance For Doubtful Accounts
PremiumsReceivableAllowanceForDoubtfulAccounts
1210000 USD
CY2015Q4 us-gaap Premiums Receivable At Carrying Value
PremiumsReceivableAtCarryingValue
276517000 USD
CY2016Q2 us-gaap Premiums Receivable At Carrying Value
PremiumsReceivableAtCarryingValue
339851000 USD
CY2015Q4 us-gaap Prepaid Reinsurance Premiums
PrepaidReinsurancePremiums
3790000 USD
CY2016Q2 us-gaap Prepaid Reinsurance Premiums
PrepaidReinsurancePremiums
4153000 USD
us-gaap Proceeds From Annuities And Investment Certificates
ProceedsFromAnnuitiesAndInvestmentCertificates
57340000 USD
us-gaap Proceeds From Annuities And Investment Certificates
ProceedsFromAnnuitiesAndInvestmentCertificates
45467000 USD
us-gaap Proceeds From Income Tax Refunds
ProceedsFromIncomeTaxRefunds
0 USD
us-gaap Proceeds From Income Tax Refunds
ProceedsFromIncomeTaxRefunds
0 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
1375000 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
6138000 USD
us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
374173000 USD
us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
311478000 USD
us-gaap Proceeds From Maturities Prepayments And Calls Of Held To Maturity Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfHeldToMaturitySecurities
41000 USD
us-gaap Proceeds From Maturities Prepayments And Calls Of Held To Maturity Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfHeldToMaturitySecurities
14000 USD
us-gaap Proceeds From Payments For Trading Securities
ProceedsFromPaymentsForTradingSecurities
652000 USD
us-gaap Proceeds From Payments For Trading Securities
ProceedsFromPaymentsForTradingSecurities
256000 USD
us-gaap Proceeds From Sale Maturity And Collection Of Shortterm Investments
ProceedsFromSaleMaturityAndCollectionOfShorttermInvestments
3833000 USD
us-gaap Proceeds From Sale Maturity And Collection Of Shortterm Investments
ProceedsFromSaleMaturityAndCollectionOfShorttermInvestments
1412000 USD
CY2015Q2 us-gaap Proceeds From Sale Of Available For Sale Securities
ProceedsFromSaleOfAvailableForSaleSecurities
3211000 USD
us-gaap Proceeds From Sale Of Available For Sale Securities
ProceedsFromSaleOfAvailableForSaleSecurities
8228000 USD
CY2016Q2 us-gaap Proceeds From Sale Of Available For Sale Securities
ProceedsFromSaleOfAvailableForSaleSecurities
1074000 USD
us-gaap Proceeds From Sale Of Available For Sale Securities
ProceedsFromSaleOfAvailableForSaleSecurities
3042000 USD
us-gaap Realized Investment Gains Losses
RealizedInvestmentGainsLosses
3651000 USD
CY2015Q2 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Before Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodBeforeTax
-872000 USD
us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Before Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodBeforeTax
-844000 USD
CY2016Q2 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Before Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodBeforeTax
-671000 USD
us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Before Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodBeforeTax
-396000 USD
CY2015Q2 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
-567000 USD
us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
-549000 USD
CY2016Q2 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
-437000 USD
us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
-258000 USD
CY2015Q2 us-gaap Reclassification From Aoci Current Period Tax
ReclassificationFromAociCurrentPeriodTax
-305000 USD
us-gaap Reclassification From Aoci Current Period Tax
ReclassificationFromAociCurrentPeriodTax
-295000 USD
CY2016Q2 us-gaap Reclassification From Aoci Current Period Tax
ReclassificationFromAociCurrentPeriodTax
-234000 USD
us-gaap Reclassification From Aoci Current Period Tax
ReclassificationFromAociCurrentPeriodTax
-138000 USD
CY2015Q4 us-gaap Reinsurance Recoverables
ReinsuranceRecoverables
73527000 USD
CY2016Q2 us-gaap Reinsurance Recoverables
ReinsuranceRecoverables
80940000 USD
us-gaap Repayments Of Annuities And Investment Certificates
RepaymentsOfAnnuitiesAndInvestmentCertificates
129814000 USD
us-gaap Repayments Of Annuities And Investment Certificates
RepaymentsOfAnnuitiesAndInvestmentCertificates
81672000 USD
CY2015Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
591009000 USD
CY2016Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
604652000 USD
CY2015Q2 us-gaap Revenues
Revenues
255918000 USD
us-gaap Revenues
Revenues
494402000 USD
CY2016Q2 us-gaap Revenues
Revenues
279773000 USD
us-gaap Revenues
Revenues
545458000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
1200000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
1865000 USD
us-gaap Stock Issued During Period Shares Share Based Compensation
StockIssuedDuringPeriodSharesShareBasedCompensation
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CY2015Q4 us-gaap Stockholders Equity
StockholdersEquity
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CY2016Q2 us-gaap Stockholders Equity
StockholdersEquity
961031000 USD
CY2015Q4 us-gaap Taxes Payable Current And Noncurrent
TaxesPayableCurrentAndNoncurrent
4917000 USD
CY2016Q2 us-gaap Taxes Payable Current And Noncurrent
TaxesPayableCurrentAndNoncurrent
0 USD
CY2015Q4 us-gaap Trading Securities
TradingSecurities
16975000 USD
CY2016Q2 us-gaap Trading Securities
TradingSecurities
17562000 USD
CY2015Q4 us-gaap Trading Securities Debt
TradingSecuritiesDebt
12622000 USD
CY2016Q2 us-gaap Trading Securities Debt
TradingSecuritiesDebt
12558000 USD
CY2015Q4 us-gaap Trading Securities Debt Amortized Cost
TradingSecuritiesDebtAmortizedCost
11475000 USD
CY2016Q2 us-gaap Trading Securities Debt Amortized Cost
TradingSecuritiesDebtAmortizedCost
11040000 USD
CY2015Q4 us-gaap Trading Securities Equity
TradingSecuritiesEquity
4353000 USD
CY2016Q2 us-gaap Trading Securities Equity
TradingSecuritiesEquity
5004000 USD
CY2015Q4 us-gaap Trading Securities Equity Cost
TradingSecuritiesEquityCost
4443000 USD
CY2016Q2 us-gaap Trading Securities Equity Cost
TradingSecuritiesEquityCost
4764000 USD
CY2015Q4 us-gaap Unearned Premiums
UnearnedPremiums
415057000 USD
CY2016Q2 us-gaap Unearned Premiums
UnearnedPremiums
475908000 USD
CY2015Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0 USD
CY2016Q2 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0 USD
CY2015Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
25287630 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
25132339 shares
CY2016Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
25795476 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
25629577 shares
CY2015Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
25023753 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
25007204 shares
CY2016Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
25366283 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
25288086 shares
us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:13px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Certain prior year amounts have been reclassified to conform to the current year presentation. </font></div></div>
us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:13px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. The financial statement categories that are most dependent on management estimates and assumptions include: investments; deferred policy acquisition costs; reinsurance receivables and recoverables; future policy benefits and losses, claims and loss settlement expenses; and pension and postretirement benefit obligations. </font></div></div>

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0000101199-16-000580-index-headers.html Edgar Link pending
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0000101199-16-000580.txt Edgar Link pending
0000101199-16-000580-xbrl.zip Edgar Link pending
exhibit101directorrsaform.htm Edgar Link pending
exhibit311063016.htm Edgar Link pending
exhibit312063016.htm Edgar Link pending
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Financial_Report.xlsx Edgar Link pending
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report.css Edgar Link pending
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ufcs-20160630.xml Edgar Link completed
ufcs-20160630.xsd Edgar Link pending
ufcs-20160630_cal.xml Edgar Link unprocessable
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