Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
Fixed income:
Available-for-sale, at fair value (amortized cost - $1,572,909 at 3/31/17 and $1,596,227 at 12/31/16)	$ 1,590,399	$ 1,605,209
Equity securities available-for-sale, at fair value (cost - $192,340 at 3/31/17 and $187,573 at 12/31/16	383,929	369,219
Short-term investments, at cost which approximates fair value	13,002	5,015
Other invested assets	24,199	24,115
Cash	28,144	18,269
Total investments and cash	2,039,673	2,021,827
Accrued investment income	13,958	14,593
Premiums and reinsurance balances receivable, net of allowances for uncollectible amounts of $16,222 at 3/31/17 and $15,981 at 12/31/16	121,863	126,387
Ceded unearned premium	48,804	52,173
Reinsurance balances recoverable on unpaid losses and settlement expenses, net of allowances for uncollectible amounts of $10,426 at 3/31/17 and $10,699 at 12/31/16	271,346	288,224
Deferred policy acquisition costs	71,995	73,147
Property and equipment, at cost, net of accumulated depreciation of $43,493 at 3/31/17 and $41,999 at 12/31/16	56,173	54,606
Investment in unconsolidated investees	76,833	72,240
Goodwill and intangibles	64,165	64,371
Other assets	12,708	10,065
TOTAL ASSETS	2,777,518	2,777,633
Liabilities:
Unpaid losses and settlement expenses	1,152,027	1,139,337
Unearned premiums	412,862	433,777
Reinsurance balances payable	16,612	17,928
Funds held	74,138	72,742
Income taxes - deferred	72,192	64,494
Bonds payable, long-term debt	148,788	148,741
Accrued expenses	27,791	51,992
Other liabilities	25,233	25,050
TOTAL LIABILITIES	1,929,643	1,954,061
Shareholders' Equity
Common stock ($1 par value, authorized 100,000,000 shares, issued 66,900,118 shares at 3/31/17 and 66,874,911 shares at 12/31/16, and outstanding 43,969,904 shares at 3/31/17 and 43,944,697 shares at 12/31/16)	66,900	66,875
Paid-in capital	231,253	229,779
Accumulated other comprehensive earnings	134,379	122,610
Retained earnings	808,342	797,307
Deferred compensation	11,265	11,496
Less: Treasury shares at cost (22,930,214 shares at 3/31/17 and 12/31/16)	(404,264)	(404,495)
TOTAL SHAREHOLDERS’ EQUITY	847,875	823,572
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY	$ 2,777,518	$ 2,777,633