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Condensed Consolidated Balance Sheets (USD $)
In Thousands
Jun. 30, 2011
Dec. 31, 2010
Fixed income    
Available-for-sale, at fair value $ 1,181,858 $ 1,132,064
Held-to-maturity, at amortized cost 285,523 309,258
Trading, at fair value 10 15
Equity securities, at fair value 329,467 321,897
Short-term investments, at cost 173,860 39,787
Total investments 1,970,718 1,803,021
Accrued investment income 13,648 14,615
Premiums and reinsurance balances receivable 127,422 107,391
Ceded unearned premium 58,735 62,631
Reinsurance balances recoverable on unpaid losses 332,911 354,163
Deferred policy acquisition costs 91,805 74,435
Property and equipment 19,707 18,370
Investment in unconsolidated investees 50,572 43,358
Goodwill and intangibles 56,475 26,214
Other assets 8,271 10,394
TOTAL ASSETS 2,730,264 2,514,592
Liabilities:    
Unpaid losses and settlement expenses 1,173,473 1,173,943
Unearned premiums 363,006 301,537
Reinsurance balances payable 20,695 23,851
Funds held 98,887 32,072
Income taxes-deferred 36,509 33,930
Bonds payable, long-term debt 100,000 100,000
Accrued expenses 50,570 42,436
Other liabilities 22,703 15,447
TOTAL LIABILITIES 1,865,843 1,723,216
Shareholders' Equity    
Common stock ($1 par value) (32,472,685 shares issued at 6/30/11) (32,317,691 shares issued at 12/31/10) 32,473 32,318
Paid-in capital 221,324 215,066
Accumulated other comprehensive earnings 104,000 95,992
Retained earnings 895,781 834,375
Deferred compensation 8,561 6,474
Less: Treasury shares at cost (11,400,251 shares at 6/30/11) (11,353,151 shares at 12/31/10) (397,718) (392,849)
TOTAL SHAREHOLDERS' EQUITY 864,421 791,376
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 2,730,264 $ 2,514,592