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Condensed Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Jun. 30, 2014
Dec. 31, 2013
Fixed income    
Available-for-sale, at fair value $ 1,534,622 $ 1,440,052
Held-to-maturity, at amortized cost 650 651
Equity securities, at fair value 436,462 418,654
Short-term investments, at cost 18,489 23,232
Cash 27,234 39,469
Total investments and cash 2,017,457 1,922,058
Accrued investment income 15,229 15,710
Premiums and reinsurance balances receivable 203,499 152,509
Ceded unearned premium 72,396 60,407
Reinsurance balances recoverable on unpaid losses 339,104 354,924
Deferred policy acquisition costs 68,190 61,508
Property and equipment 42,935 40,261
Investment in unconsolidated investees 64,487 49,793
Goodwill and intangibles 74,407 74,876
Other assets 11,292 8,264
TOTAL ASSETS 2,908,996 2,740,310
Liabilities:    
Unpaid losses and settlement expenses 1,127,073 1,129,433
Unearned premiums 444,453 392,081
Reinsurance balances payable 62,402 47,334
Funds held 59,398 61,656
Income taxes-deferred 81,963 57,801
Bonds payable, long-term debt 149,604 149,582
Accrued expenses 40,199 59,596
Other liabilities 24,509 13,861
TOTAL LIABILITIES 1,989,601 1,911,344
Shareholders' Equity    
Common stock ($1 par value, 100,000,000 shares authorized) (65,953,718 shares issued, 43,023,504 shares outstanding at 6/30/14) (65,912,638 shares issued, 42,982,424 shares outstanding at 12/31/13) 65,954 65,913
Paid-in capital 211,774 208,705
Accumulated other comprehensive earnings 173,698 136,027
Retained earnings 860,968 811,320
Deferred compensation 11,626 11,562
Less: Treasury shares at cost (22,930,214 shares at 6/30/14 and 12/31/13) (404,625) (404,561)
TOTAL SHAREHOLDERS' EQUITY 919,395 828,966
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 2,908,996 $ 2,740,310