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Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Mar. 31, 2012
Dec. 31, 2011
ASSETS    
Fixed maturities (amortized cost of $5,125,773 in 2012 and $5,172,952 in 2011) $ 5,507,664 $ 5,538,174
Equity securities (cost of $1,252,214 in 2012 and $1,156,294 in 2011) 2,166,841 1,873,927
Short-term investments (estimated fair value approximates cost) 463,694 541,014
Total Investments 8,138,199 7,953,115
Cash and cash equivalents 691,797 775,032
Receivables 459,978 350,237
Reinsurance recoverable on unpaid losses 786,736 791,102
Reinsurance recoverable on paid losses 45,880 38,208
Deferred policy acquisition costs 181,686 194,674
Prepaid reinsurance premiums 101,149 97,074
Goodwill and intangible assets 967,625 867,558
Other assets 486,234 465,103
Total Assets 11,859,284 11,532,103
LIABILITIES AND EQUITY    
Unpaid losses and loss adjustment expenses 5,357,151 5,398,869
Unearned premiums 975,832 915,930
Payables to insurance companies 127,913 64,327
Senior long-term debt and other debt (estimated fair value of $1,424,000 in 2012 and $1,391,000 in 2011) 1,305,573 1,293,520
Other liabilities 416,847 397,111
Total Liabilities 8,183,316 8,069,757
Commitments and contingencies      
Shareholders' equity:    
Common stock 902,441 891,507
Retained earnings 1,890,040 1,835,086
Accumulated other comprehensive income 809,612 660,920
Total Shareholders' Equity 3,602,093 3,387,513
Noncontrolling interests 73,875 74,833
Total Equity 3,675,968 3,462,346
Total Liabilities and Equity $ 11,859,284 $ 11,532,103