Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Investments:
Available-for-sale, at fair value (amortized cost - $1,881,963 at 9/30/19 and $1,776,465 at 12/31/18)	$ 1,957,025	$ 1,760,515
Equity securities, at fair value (cost - $260,883 at 9/30/19 and $220,373 at 12/31/18)	428,297	340,483
Short-term investments, at cost which approximates fair value	5,534	11,550
Other invested assets	59,577	51,542
Cash	64,048	30,140
Total investments and cash	2,514,481	2,194,230
Accrued investment income	14,547	14,033
Premiums and reinsurance balances receivable, net of allowances for uncollectible amounts of $16,860 at 9/30/19 and $16,967 at 12/31/18	157,111	152,576
Ceded unearned premium	88,174	71,174
Reinsurance balances recoverable on unpaid losses and settlement expenses, net of allowances for uncollectible amounts of $9,764 at 9/30/19 and $9,793 at 12/31/18	382,030	364,999
Deferred policy acquisition costs	86,523	84,934
Property and equipment, at cost, net of accumulated depreciation of $60,299 at 9/30/19 and $54,275 at 12/31/18	52,626	54,692
Investment in unconsolidated investees	113,528	94,967
Goodwill and intangibles	54,228	54,534
Other assets	41,816	18,926
TOTAL ASSETS	3,505,064	3,105,065
Liabilities:
Unpaid losses and settlement expenses	1,557,358	1,461,348
Unearned premiums	532,493	496,505
Reinsurance balances payable	25,690	22,591
Funds held	78,161	72,309
Income taxes - deferred	55,910	24,238
Bonds payable, long-term debt	149,255	149,115
Accrued expenses	47,952	45,124
Other liabilities	58,625	26,993
TOTAL LIABILITIES	2,505,444	2,298,223
Shareholders' Equity
Common stock ($0.01 par value, 100,000,000 shares authorized; 67,762,302 shares issued, 44,832,088 shares outstanding at 9/30/19; 67,434,257 shares issued, 44,504,043 shares outstanding at 12/31/18)	678	674
Paid-in capital	318,092	305,660
Accumulated other comprehensive earnings (loss)	57,934	(14,572)
Retained earnings	1,015,915	908,079
Deferred compensation	7,788	8,354
Less: Treasury shares at cost (22,930,214 shares at 9/30/19 and 12/31/18)	(400,787)	(401,353)
TOTAL SHAREHOLDERS' EQUITY	999,620	806,842
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	$ 3,505,064	$ 3,105,065