Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2025	Dec. 31, 2024
ASSETS
Available-for-sale, at fair value (amortized cost of $3,655,954 and allowance for credit losses of $899 at 9/30/25) (amortized cost of $3,391,159 and allowance for credit losses of $197 at 12/31/24)	$ 3,536,484	$ 3,175,796
Equity securities, at fair value (cost - $513,255 at 9/30/25 and $417,897 at 12/31/24)	878,872	736,191
Short-term investments, at cost which approximates fair value	165,706	74,915
Other invested assets	56,494	57,939
Cash	52,621	39,790
Total investments and cash	4,690,177	4,084,631
Accrued investment income	29,584	28,319
Premiums and reinsurance balances receivable, net of allowances for uncollectible amounts of $23,452 at 9/30/25 and $22,932 at 12/31/24	231,530	230,534
Ceded unearned premium	123,039	124,955
Reinsurance balances recoverable on unpaid losses and settlement expenses, net of allowances for uncollectible amounts of $11,063 at 9/30/25 and $9,580 at 12/31/24	769,611	755,425
Deferred policy acquisition costs	181,488	166,214
Property and equipment, at cost, net of accumulated depreciation of $82,340 at 9/30/25 and $76,330 at 12/31/24	41,094	43,172
Investment in unconsolidated investees	63,652	56,477
Goodwill and intangibles	53,562	53,562
Income taxes-deferred		7,793
Other assets	63,263	77,720
TOTAL ASSETS	6,247,000	5,628,802
Liabilities
Unpaid losses and settlement expenses	2,873,054	2,693,470
Unearned premiums	1,035,756	984,140
Reinsurance balances payable	35,951	44,681
Funds held	113,753	97,380
Income taxes-current	9,792	749
Income taxes-deferred	23,157
Debt	100,000	100,000
Accrued expenses	110,660	124,242
Other liabilities	70,701	62,173
TOTAL LIABILITIES	4,372,824	4,106,835
Shareholders' Equity
Common stock ($0.01 par value) (Shares authorized - 400,000,000) (137,698,263 shares issued, 91,837,835 shares outstanding at 9/30/25) (137,598,560 shares issued, 91,738,132 shares outstanding at 12/31/24)	1,377	1,376
Paid-in capital	374,468	367,645
Accumulated other comprehensive earnings (loss)	(97,318)	(173,723)
Retained earnings	1,988,648	1,719,668
Deferred compensation	12,713	13,498
Less: Treasury shares, at cost (45,860,428 shares at 9/30/25 and 12/31/24)	(405,712)	(406,497)
TOTAL SHAREHOLDERS' EQUITY	1,874,176	1,521,967
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	$ 6,247,000	$ 5,628,802