Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Investments:
Available-for-sale, at fair value (amortized cost of $1,956,137 and allowance for credit losses of $985 at 6/30/20) (amortized cost of $1,915,278 and allowance for credit losses of $0 at 12/31/19)	$ 2,075,093	$ 1,983,086
Equity securities, at fair value (cost - $270,987 at 6/30/20 and $262,131 at 12/31/19)	422,198	460,630
Other invested assets	63,440	70,441
Cash	84,797	46,203
Total investments and cash	2,645,528	2,560,360
Accrued investment income	15,142	14,587
Premiums and reinsurance balances receivable, net of allowances for uncollectible amounts of $17,139 at 6/30/20 and $16,682 at 12/31/19	154,941	160,369
Ceded unearned premium	93,679	93,656
Reinsurance balances recoverable on unpaid losses and settlement expenses, net of allowances for uncollectible amounts of $8,035 at 6/30/20 and $9,402 at 12/31/19	364,756	384,517
Deferred policy acquisition costs	87,560	85,044
Property and equipment, at cost, net of accumulated depreciation of $65,762 at 6/30/20 and $62,703 at 12/31/19	52,350	53,121
Investment in unconsolidated investees	112,662	103,836
Goodwill and intangibles	53,923	54,127
Other assets	38,738	36,104
TOTAL ASSETS	3,619,279	3,545,721
Liabilities:
Unpaid losses and settlement expenses	1,590,996	1,574,352
Unearned premiums	543,113	540,213
Reinsurance balances payable	24,777	25,691
Funds held	84,430	83,358
Income taxes - deferred	57,421	56,727
Bonds payable, long-term debt	149,395	149,302
Accrued expenses	35,998	66,626
Other liabilities	81,691	54,064
TOTAL LIABILITIES	2,567,821	2,550,333
Shareholders' Equity
Common stock ($0.01 par value, 200,000,000 shares authorized, 67,882,816 shares issued, 44,952,602 shares outstanding at 6/30/20; 100,000,000 shares authorized, 67,799,229 shares issued, 44,869,015 shares outstanding at 12/31/19)	679	678
Paid-in capital	325,862	321,190
Accumulated other comprehensive earnings	93,035	52,473
Retained earnings	1,024,881	1,014,046
Deferred compensation	7,600	7,980
Less: Treasury shares at cost (22,930,214 shares at 6/30/20 and 12/31/19)	(400,599)	(400,979)
TOTAL SHAREHOLDERS' EQUITY	1,051,458	995,388
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	$ 3,619,279	$ 3,545,721