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Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2012
Dec. 31, 2011
Fixed income:    
Available-for-sale, at fair value (amortized cost - $1,294,350 in 2012 and $1,085,728 in 2011) $ 1,378,582 $ 1,146,317
Held-to-maturity, at amortized cost (fair value - $11,868 in 2012 and $260,981 in 2011) 11,728 260,226
Trading, at fair value (amortized cost - $6 in 2012 and $7 in 2011) 7 7
Equity securities available-for-sale, at fair value (cost - $240,287 in 2012 and $269,400 in 2011) 375,788 388,689
Short-term investments, at cost which approximates fair value 30,462 23,865
Cash 44,314 81,184
Total investments and cash 1,840,881 1,900,288
Accrued investment income 14,403 13,865
Premiums and reinsurance balances receivable, net of allowances for uncollectible amounts of $13,470 in 2012 and $13,653 in 2011 139,355 124,496
Ceded unearned premiums 73,192 61,629
Reinsurance balances recoverable on unpaid losses and settlement expenses, net of allowances for uncollectible amounts of $14,834 in 2012 and $14,820 in 2011 359,884 353,805
Deferred policy acquisition costs, net 52,344 52,105
Property and equipment, at cost, net of accumulated depreciation of $45,603 in 2012 and $45,647 in 2011 27,987 20,104
Investment in unconsolidated investee 52,128 49,968
Goodwill and intangibles 76,113 60,482
Other assets 8,345 18,092
Total assets 2,644,632 2,654,834
Liabilities:    
Unpaid losses and settlement expenses 1,158,483 1,150,714
Unearned premiums 369,346 341,267
Reinsurance balances payable 43,959 50,861
Funds held 56,633 110,555
Income taxes - deferred 55,566 37,867
Bonds payable, long-term debt 100,000 100,000
Accrued expenses 49,933 58,883
Other liabilities 14,349 12,053
Total liabilities 1,848,269 1,862,200
Shareholders' equity:    
Common stock ($1 par value, authorized 100,000,000 shares, issued 32,727,731 shares in 2012 and 32,627,244 shares in 2011, and outstanding 21,262,624 in 2012 and 21,162,137 shares in 2011) 32,728 32,627
Paid-in capital 235,262 227,788
Accumulated other comprehensive earnings, net of tax 143,170 117,325
Retained earnings 778,202 807,893
Deferred compensation 11,106 10,445
Treasury stock, at cost (11,465,107 shares in 2012 and 2011) (404,105) (403,444)
Total shareholders' equity 796,363 792,634
Total liabilities and shareholders' equity $ 2,644,632 $ 2,654,834