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Condensed Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Sep. 30, 2012
Dec. 31, 2011
Fixed income    
Available-for-sale, at fair value $ 1,432,969 $ 1,146,317
Held-to-maturity, at amortized cost 11,724 260,226
Trading, at fair value 7 7
Equity securities, at fair value 402,099 388,689
Short-term investments, at cost 82,202 23,865
Cash 31,301 81,184
Total investments and cash 1,960,302 1,900,288
Accrued investment income 13,071 13,865
Premiums and reinsurance balances receivable 158,871 124,496
Ceded unearned premium 73,082 61,629
Reinsurance balances recoverable on unpaid losses 336,612 353,805
Deferred policy acquisition costs 55,777 52,105
Property and equipment 25,218 20,104
Investment in unconsolidated investee 58,242 49,968
Goodwill and intangibles 59,780 60,482
Other assets 13,199 18,092
TOTAL ASSETS 2,754,154 2,654,834
Liabilities:    
Unpaid losses and settlement expenses 1,134,593 1,150,714
Unearned premiums 384,414 341,267
Reinsurance balances payable 65,793 50,861
Funds held 57,604 110,555
Income taxes-deferred 63,553 37,867
Bonds payable, long-term debt 100,000 100,000
Accrued expenses 45,499 58,883
Other liabilities 8,329 12,053
TOTAL LIABILITIES 1,859,785 1,862,200
Shareholders' Equity    
Common stock ($1 par value, 100,000,000 shares authorized) (32,685,588 shares issued, 21,220,481 shares outstanding at 9/30/12) (32,627,244 shares issued, 21,162,137 shares outstanding at 12/31/11) 32,686 32,627
Paid-in capital 233,442 227,788
Accumulated other comprehensive earnings 155,038 117,325
Retained earnings 866,202 807,893
Deferred compensation 10,175 10,445
Less: Treasury shares at cost (11,465,107 shares at 9/30/12) (11,465,107 shares at 12/31/11) (403,174) (403,444)
TOTAL SHAREHOLDERS' EQUITY 894,369 792,634
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 2,754,154 $ 2,654,834