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CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2018
Dec. 31, 2017
Investments:    
Fixed maturity securities available-for-sale, at fair value (amortized cost $1,264,975 and $1,253,166) $ 1,248,072 $ 1,275,016
Equity investments, at fair value (cost $155,734 and $144,274) 238,768  
Equity investments, at fair value (cost $155,734 and $144,274)   228,115
Equity investments, at alternative measurement of cost less impairments 1,200 0
Other long-term investments 17,818 13,648
Short-term investments 33,717 23,613
Total investments 1,539,575 1,540,392
Cash 302 347
Reinsurance receivables due from affiliate 33,448 31,650
Prepaid reinsurance premiums due from affiliate 12,470 12,789
Deferred policy acquisition costs (affiliated $47,323 and $40,848) 47,653 41,114
Amounts due from affiliate to settle inter-company transaction balances 8,067 0
Prepaid pension and postretirement benefits due from affiliate 22,769 20,683
Accrued investment income 11,714 11,286
Amounts receivable under reverse repurchase agreements 16,500 16,500
Accounts receivable 1,103 1,604
Income taxes recoverable 1,531 0
Goodwill 942 942
Other assets (affiliated $4,706 and $4,423) 5,028 4,633
Total assets 1,701,102 1,681,940
LIABILITIES    
Losses and settlement expenses (affiliated $756,751 and $726,413) 761,581 732,612
Unearned premiums (affiliated $291,464 and $256,434) 292,983 257,797
Other policyholders' funds (all affiliated) 9,145 10,013
Surplus notes payable to affiliate 25,000 25,000
Amounts due affiliate to settle inter-company transaction balances 0 367
Pension benefits payable to affiliate 4,111 4,185
Income taxes payable 0 544
Deferred income taxes 7,090 15,020
Other liabilities (affiliated $26,440 and $27,520) 26,584 32,556
Total liabilities 1,126,494 1,078,094
STOCKHOLDERS' EQUITY    
Common stock, $1 par value, authorized 30,000,000 shares; issued and outstanding, 21,575,286 shares in 2018 and 21,455,545 shares in 2017 21,575 21,455
Additional paid-in capital 127,520 124,556
Accumulated other comprehensive income (loss) (15,082) 83,384
Retained earnings 440,595 374,451
Total stockholders' equity 574,608 603,846
Total liabilities and stockholders' equity $ 1,701,102 $ 1,681,940