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Condensed Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Mar. 31, 2013
Dec. 31, 2012
Fixed income    
Available-for-sale, at fair value $ 1,413,570 $ 1,378,582
Held-to-maturity, at amortized cost 5,736 11,728
Trading, at fair value 6 7
Equity securities, at fair value 407,680 375,788
Short-term investments, at cost 3,465 30,462
Cash 22,371 44,314
Total investments and cash 1,852,828 1,840,881
Accrued investment income 12,904 14,403
Premiums and reinsurance balances receivable 117,599 139,355
Ceded unearned premium 69,888 73,192
Reinsurance balances recoverable on unpaid losses 338,553 359,884
Deferred policy acquisition costs 55,130 52,344
Property and equipment 31,464 27,987
Investment in unconsolidated investee 55,533 52,128
Goodwill and intangibles 75,787 76,113
Other assets 10,593 8,345
TOTAL ASSETS 2,620,279 2,644,632
Liabilities:    
Unpaid losses and settlement expenses 1,111,725 1,158,483
Unearned premiums 374,857 369,346
Reinsurance balances payable 26,041 43,959
Funds held 59,637 56,633
Income taxes-deferred 68,049 55,566
Bonds payable, long-term debt 100,000 100,000
Accrued expenses 34,206 49,933
Other liabilities 12,249 14,349
TOTAL LIABILITIES 1,786,764 1,848,269
Shareholders' Equity    
Common stock ($1 par value, 100,000,000 shares authorized) (32,747,665 shares issued, 21,282,558 shares outstanding at 3/31/13) (32,727,731 shares issued, 21,262,624 shares outstanding at 12/31/12) 32,748 32,728
Paid-in capital 236,801 235,262
Accumulated other comprehensive earnings 160,723 143,170
Retained earnings 796,242 778,202
Deferred compensation 10,162 11,106
Less: Treasury shares at cost (11,465,107 shares at 3/31/13 and 12/31/12) (403,161) (404,105)
TOTAL SHAREHOLDERS' EQUITY 833,515 796,363
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 2,620,279 $ 2,644,632