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Condensed Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Mar. 31, 2012
Dec. 31, 2011
Fixed income    
Available-for-sale, at fair value $ 1,251,451 $ 1,146,317
Held-to-maturity, at amortized cost 161,756 260,226
Trading, at fair value 8 7
Equity securities, at fair value 406,399 388,689
Short-term investments, at cost 58,451 23,865
Cash 70,306 81,184
Total investments and cash 1,948,371 1,900,288
Accrued investment income 11,862 13,865
Premiums and reinsurance balances receivable 132,352 124,496
Ceded unearned premium 61,998 61,629
Reinsurance balances recoverable on unpaid losses 324,952 353,805
Deferred policy acquisition costs 51,655 52,105
Property and equipment 19,168 20,104
Investment in unconsolidated investees 53,146 49,968
Goodwill and intangibles 60,248 60,482
Other assets 15,198 18,092
TOTAL ASSETS 2,678,950 2,654,834
Liabilities:    
Unpaid losses and settlement expenses 1,121,730 1,150,714
Unearned premiums 340,915 341,267
Reinsurance balances payable 52,318 50,861
Funds held 111,362 110,555
Income taxes-deferred 43,837 37,867
Bonds payable, long-term debt 100,000 100,000
Accrued expenses 42,558 58,883
Other liabilities 37,553 12,053
TOTAL LIABILITIES 1,850,273 1,862,200
Shareholders' Equity    
Common stock ($1 par value) (32,674,960 shares issued at 3/31/12) (32,627,244 shares issued at 12/31/11) 32,675 32,627
Paid-in capital 231,331 227,788
Accumulated other comprehensive earnings 128,101 117,325
Retained earnings 829,569 807,893
Deferred compensation 9,179 10,445
Less: Treasury shares at cost (11,465,107 shares at 3/31/12) (11,465,107 shares at 12/31/11) (402,178) (403,444)
TOTAL SHAREHOLDERS' EQUITY 828,677 792,634
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 2,678,950 $ 2,654,834