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Consolidated Balance Sheets
(in thousands)
December 31, December 31,
2007 2006
(unaudited)
Assets
Investments $711,745 $638,780
Cash and cash equivalents 47,329 26,748
Amounts recoverable from reinsurers 76,915 109,603
Premiums receivable, net 152,150 144,384
Deferred income taxes 26,418 29,466
Deferred policy acquisition costs 18,414 18,486
Deferred charges 3,553 3,548
Other assets 25,329 23,131
$1,061,853 $994,146
Liabilities, redeemable preferred stock
and shareholders' equity
Liabilities:
Reserves for loss and loss adjustment expenses $537,403 $519,178
Unearned premiums 138,402 137,761
Insurance-related assessments 42,234 40,886
Subordinated debt securities 36,090 36,090
Other liabilities 74,154 76,447
Redeemable preferred stock 25,000 25,000
Total shareholders' equity 208,570 158,784
Total liabilities, redeemable preferred stock
and shareholders' equity $1,061,853 $994,146
AMERISAFE, INC.
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