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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2019
Dec. 31, 2018
Fixed income:    
Available-for-sale, at fair value (amortized cost - $1,809,429 at 6/30/19 and $1,776,465 at 12/31/18) $ 1,865,613 $ 1,760,515
Equity securities, at fair value (cost - $259,177 at 6/30/19 and $220,373 at 12/31/18) 421,801 340,483
Other invested assets 55,196 51,542
Cash 24,834 30,140
Total investments and cash 2,414,797 2,194,230
Accrued investment income 14,597 14,033
Premiums and reinsurance balances receivable, net of allowances for uncollectible amounts of $16,829 at 6/30/19 and $16,967 at 12/31/18 158,559 152,576
Ceded unearned premium 78,957 71,174
Reinsurance balances recoverable on unpaid losses and settlement expenses, net of allowances for uncollectible amounts of $9,792 at 6/30/19 and $9,793 at 12/31/18 362,310 364,999
Deferred policy acquisition costs 85,952 84,934
Property and equipment, at cost, net of accumulated depreciation of $58,330 at 6/30/19 and $54,275 at 12/31/18 53,580 54,692
Investment in unconsolidated investees 108,977 94,967
Goodwill and intangibles 54,330 54,534
Other assets 43,050 18,926
TOTAL ASSETS 3,375,109 3,105,065
Liabilities:    
Unpaid losses and settlement expenses 1,506,279 1,461,348
Unearned premiums 513,819 496,505
Reinsurance balances payable 21,227 22,591
Funds held 76,331 72,309
Income taxes - deferred 50,487 24,238
Bonds payable, long-term debt 149,208 149,115
Accrued expenses 41,046 45,124
Other liabilities 56,764 26,993
TOTAL LIABILITIES 2,415,161 2,298,223
Shareholders' Equity    
Common stock ($0.01 par value, 100,000,000 shares authorized; 67,717,411 shares issued, 44,787,197 shares outstanding at 6/30/19; 67,434,257 shares issued, 44,504,043 shares outstanding at 12/31/18) 677 674
Paid-in capital 315,766 305,660
Accumulated other comprehensive earnings 42,593 (14,572)
Retained earnings 993,911 908,079
Deferred compensation 7,530 8,354
Less: Treasury shares at cost (22,930,214 shares at 6/30/19 and 12/31/18) (400,529) (401,353)
TOTAL SHAREHOLDERS' EQUITY 959,948 806,842
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 3,375,109 $ 3,105,065