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CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2018
Dec. 31, 2017
Investments:    
Fixed maturity securities available-for-sale, at fair value (amortized cost $1,258,390 and $1,253,166) $ 1,256,473 $ 1,275,016
Equity investments, at fair value (cost $146,520 and $144,274) 220,498  
Equity investments, at fair value (cost $146,520 and $144,274)   228,115
Equity investments, at alternative measurement of cost less impairments 2,000 0
Other long-term investments 17,212 13,648
Short-term investments 21,664 23,613
Total investments 1,517,847 1,540,392
Cash 382 347
Reinsurance receivables due from affiliate 31,276 31,650
Prepaid reinsurance premiums due from affiliate 11,601 12,789
Deferred policy acquisition costs (affiliated $42,667 and $40,848) 42,892 41,114
Prepaid pension and postretirement benefits due from affiliate 20,593 20,683
Accrued investment income 11,616 11,286
Amounts receivable under reverse repurchase agreements 22,250 16,500
Accounts receivable 906 1,604
Goodwill 942 942
Other assets (affiliated $4,034 and $4,423) 4,848 4,633
Total assets 1,665,153 1,681,940
LIABILITIES    
Losses and settlement expenses (affiliated $732,840 and $726,413) 737,055 732,612
Unearned premiums (affiliated $257,992 and $256,434) 259,071 257,797
Other policyholders' funds (all affiliated) 9,586 10,013
Surplus notes payable to affiliate 25,000 25,000
Amounts due affiliate to settle inter-company transaction balances 214 367
Pension benefits payable to affiliate 3,953 4,185
Income taxes payable 1,751 544
Deferred income taxes 8,227 15,020
Other liabilities (affiliated $18,493 and $27,520) 38,947 32,556
Total liabilities 1,083,804 1,078,094
STOCKHOLDERS' EQUITY    
Common stock, $1 par value, authorized 30,000,000 shares; issued and outstanding, 21,519,498 shares in 2018 and 21,455,545 shares in 2017 21,519 21,455
Additional paid-in capital 126,106 124,556
Accumulated other comprehensive income (loss) (2,167) 83,384
Retained earnings 435,891 374,451
Total stockholders' equity 581,349 603,846
Total liabilities and stockholders' equity $ 1,665,153 $ 1,681,940