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Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2013
Dec. 31, 2012
ASSETS    
Fixed maturity securities (amortized cost $2,523,042; $2,270,903) $ 2,560,653 $ 2,408,354
Equity securities (cost $223,933; $475,959) 281,883 477,088
Short-term investments (cost $315,886; $294,607) 315,776 294,653
Total investments 3,158,312 3,180,095
Cash 266,508 158,183
Receivables:    
Premiums 366,075 345,387
Accrued investment income 36,120 31,109
Other 23,029 17,756
Total receivables 425,224 394,252
Deferred policy acquisition costs 194,466 185,910
Fixed assets, net 156,716 161,940
Current income taxes 0 7,058
Deferred income taxes 15,220 0
Goodwill 42,796 42,796
Other intangible assets, net 41,603 47,589
Other assets 14,336 11,863
Total assets 4,315,181 4,189,686
LIABILITIES AND SHAREHOLDERS’ EQUITY    
Losses and loss adjustment expenses 1,038,984 1,036,123
Unearned premiums 953,527 920,429
Notes payable 190,000 140,000
Accounts payable and accrued expenses 127,663 96,220
Current income taxes 11,856 0
Deferred income taxes 0 445
Other liabilities 170,665 153,972
Total liabilities 2,492,695 2,347,189
Commitments and contingencies      
Shareholders’ equity:    
Common stock without par value or stated value: Authorized 70,000 shares; issued and outstanding 54,975; 54,922 81,591 79,380
Additional paid-in capital 411 0
Retained earnings 1,740,484 1,763,117
Total shareholders’ equity 1,822,486 1,842,497
Total liabilities and shareholders’ equity $ 4,315,181 $ 4,189,686