Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2018	Dec. 31, 2017
Fixed income:
Available-for-sale, at fair value (amortized cost - $1,745,648 at 9/30/18 and $1,646,411 at 12/31/17)	$ 1,719,617	$ 1,672,239
Equity securities, at fair value (cost - $210,119 at 9/30/18 and $182,002 at 12/31/17)	394,375	400,492
Short-term investments, at cost which approximates fair value	18,526	9,980
Other invested assets	38,777	33,808
Cash	59,469	24,271
Total investments and cash	2,230,764	2,140,790
Accrued investment income	14,417	15,166
Premiums and reinsurance balances receivable, net of allowances for uncollectible amounts of $17,076 at 9/30/18 and $16,935 at12/31/17	138,480	134,351
Ceded unearned premium	66,400	57,928
Reinsurance balances recoverable on unpaid losses and settlement expenses, net of allowances for uncollectible amounts of $9,827 at 9/30/18 and $10,014 at 12/31/17	320,027	301,991
Deferred policy acquisition costs	84,232	77,716
Property and equipment, at cost, net of accumulated depreciation of $52,418 at 9/30/18 and $47,676 at 12/31/17	55,469	55,849
Investment in unconsolidated investees	95,007	90,067
Goodwill and intangibles	54,626	59,302
Other assets	14,100	14,084
TOTAL ASSETS	3,073,522	2,947,244
Liabilities:
Unpaid losses and settlement expenses	1,377,111	1,271,503
Unearned premiums	483,305	451,449
Reinsurance balances payable	18,396	21,624
Funds held	73,304	74,560
Income taxes - deferred	38,260	53,768
Bonds payable, long-term debt	149,068	148,928
Accrued expenses	45,420	52,848
Other liabilities	16,802	18,966
TOTAL LIABILITIES	2,201,666	2,093,646
Shareholders' Equity
Common stock ($0.01 par value at 9/30/18 and $1.00 par value at 12/31/17, authorized 100,000,000 shares, issued 67,418,868 shares at 9/30/18 and 67,078,569 shares at 12/31/17, and outstanding 44,484,654 shares at 9/30/18 and 44,148,355 shares at 12/31/17)	674	67,079
Paid-in capital	303,399	233,077
Accumulated other comprehensive earnings	(22,344)	157,919
Retained earnings	983,126	788,522
Deferred compensation	7,765	8,640
Less: Treasury shares at cost (22,930,214 shares at 9/30/18 and 12/31/17)	(400,764)	(401,639)
TOTAL SHAREHOLDERS’ EQUITY	871,856	853,598
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY	$ 3,073,522	$ 2,947,244