Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Investments:
Available-for-sale, at fair value (amortized cost of $1,912,851 and allowance for credit losses of $878 at 3/31/20) (amortized cost of $1,915,278 and allowance for credit losses of $0 at 12/31/19)	$ 1,963,585	$ 1,983,086
Equity securities, at fair value (cost - $272,152 at 3/31/20 and $262,131 at 12/31/19)	356,403	460,630
Other invested assets	53,562	70,441
Cash	42,701	46,203
Total investments and cash	2,416,251	2,560,360
Accrued investment income	14,944	14,587
Premiums and reinsurance balances receivable, net of allowances for uncollectible amounts of $16,948 at 3/31/20 and $16,682 at 12/31/19	154,084	160,369
Ceded unearned premium	88,789	93,656
Reinsurance balances recoverable on unpaid losses and settlement expenses, net of allowances for uncollectible amounts of $8,539 at 3/31/20 and $9,402 at 12/31/19	366,441	384,517
Deferred policy acquisition costs	84,208	85,044
Property and equipment, at cost, net of accumulated depreciation of $64,322 at 3/31/20 and $62,703 at 12/31/19	52,741	53,121
Investment in unconsolidated investees	108,081	103,836
Goodwill and intangibles	54,025	54,127
Other assets	39,047	36,104
TOTAL ASSETS	3,378,611	3,545,721
Liabilities:
Unpaid losses and settlement expenses	1,574,760	1,574,352
Unearned premiums	516,867	540,213
Reinsurance balances payable	30,865	25,691
Funds held	80,333	83,358
Income taxes - deferred	26,546	56,727
Bonds payable, long-term debt	149,349	149,302
Accrued expenses	27,536	66,626
Other liabilities	56,650	54,064
TOTAL LIABILITIES	2,462,906	2,550,333
Shareholders' Equity
Common stock ($0.01 par value, 100,000,000 shares authorized; 67,852,870 shares issued, 44,922,656 shares outstanding at 3/31/20; 67,799,229 shares issued, 44,869,015 shares outstanding at 12/31/19)	679	678
Paid-in capital	325,052	321,190
Accumulated other comprehensive earnings	39,464	52,473
Retained earnings	943,509	1,014,046
Deferred compensation	6,970	7,980
Less: Treasury shares at cost (22,930,214 shares at 3/31/20 and 12/31/19)	(399,969)	(400,979)
TOTAL SHAREHOLDERS' EQUITY	915,705	995,388
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	$ 3,378,611	$ 3,545,721