Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2018	Dec. 31, 2017
Fixed income:
Available-for-sale, at fair value (amortized cost - $1,727,075 at 6/30/18 and $1,646,411 at 12/31/17)	$ 1,710,612	$ 1,672,239
Equity Securities, at fair value (cost - $207,214 at 6/30/18 and $182,002 at 12/31/17)	386,603	400,492
Short-term investments, at cost which approximates fair value		9,980
Other invested assets	36,562	33,808
Cash	34,102	24,271
Total investments and cash	2,167,879	2,140,790
Accrued investment income	14,473	15,166
Premiums and reinsurance balances receivable, net of allowances for uncollectible amounts of $16,933 at 6/30/18 and $16,935 at12/31/17	143,442	134,351
Ceded unearned premium	65,007	57,928
Reinsurance balances recoverable on unpaid losses and settlement expenses, net of allowances for uncollectible amounts of $10,005 at 6/30/18 and $10,014 at 12/31/17	315,117	301,991
Deferred policy acquisition costs	83,624	77,716
Property and equipment, at cost, net of accumulated depreciation of $51,026 at 6/30/18 and $47,676 at 12/31/17	56,019	55,849
Investment in unconsolidated investees	91,594	90,067
Goodwill and intangibles	54,693	59,302
Other assets	15,957	14,084
TOTAL ASSETS	3,007,805	2,947,244
Liabilities:
Unpaid losses and settlement expenses	1,343,248	1,271,503
Unearned premiums	482,156	451,449
Reinsurance balances payable	18,938	21,624
Funds held	68,795	74,560
Income taxes - deferred	36,432	53,768
Bonds payable, long-term debt	149,022	148,928
Accrued expenses	38,384	52,848
Other liabilities	21,033	18,966
TOTAL LIABILITIES	2,158,008	2,093,646
Shareholders' Equity
Common stock ($0.01 par value at 6/30/18 and $1.00 par value at 12/31/17, authorized 100,000,000 shares, issued 67,270,153 shares at 6/30/18 and 67,078,569 shares at 12/31/17, and outstanding 44,339,939 shares at 6/30/18 and 44,148,355 shares at 12/31/17)	673	67,079
Paid-in capital	303,245	233,077
Accumulated other comprehensive earnings	(14,648)	157,919
Retained earnings	953,526	788,522
Deferred compensation	7,936	8,640
Less: Treasury shares at cost (22,930,214 shares at 6/30/18 and 12/31/17)	(400,935)	(401,639)
TOTAL SHAREHOLDERS’ EQUITY	849,797	853,598
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY	$ 3,007,805	$ 2,947,244