Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Investments:
Available-for-sale, at fair value (amortized cost - $1,915,278 in 2019 and $1,776,465 in 2018)	$ 1,983,086	$ 1,760,515
Equity securities, at fair value (cost - $262,131 in 2019 and $220,373 in 2018)	460,630	340,483
Short-term investments, at cost which approximates fair value		11,550
Other invested assets	70,441	51,542
Cash	46,203	30,140
Total investments and cash	2,560,360	2,194,230
Accrued investment income	14,587	14,033
Premiums and reinsurance balances receivable, net of allowances for uncollectible amounts of $16,682 in 2019 and $16,967 in 2018	160,369	152,576
Ceded unearned premium	93,656	71,174
Reinsurance balances recoverable on unpaid losses and settlement expenses, net of allowances for uncollectible amounts of $9,402 in 2019 and $9,793 in 2018	384,517	364,999
Deferred policy acquisition costs	85,044	84,934
Property and equipment, at cost, net of accumulated depreciation of $62,703 in 2019 and $54,275 in 2018	53,121	54,692
Investment in unconsolidated investees	103,836	94,967
Goodwill and intangibles	54,127	54,534
Other assets	36,104	18,926
TOTAL ASSETS	3,545,721	3,105,065
Liabilities:
Unpaid losses and settlement expenses	1,574,352	1,461,348
Unearned premiums	540,213	496,505
Reinsurance balances payable	25,691	22,591
Funds held	83,358	72,309
Income taxes - deferred	56,727	24,238
Bonds payable, long-term debt	149,302	149,115
Accrued expenses	66,626	45,124
Other liabilities	54,064	26,993
TOTAL LIABILITIES	2,550,333	2,298,223
Shareholders' Equity
Common stock ($0.01 par value, 100,000,000 shares authorized; 67,799,229 shares issued, 44,869,015 shares outstanding in 2019; 67,434,257 shares issued, 44,504,043 shares outstanding in 2018)	678	674
Paid-in capital	321,190	305,660
Accumulated other comprehensive earnings (loss)	52,473	(14,572)
Retained earnings	1,014,046	908,079
Deferred compensation	7,980	8,354
Less: Treasury shares at cost (22,930,214 shares in 2019 and 2018)	(400,979)	(401,353)
TOTAL SHAREHOLDERS' EQUITY	995,388	806,842
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	$ 3,545,721	$ 3,105,065