Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2025	Dec. 31, 2024
ASSETS
Available-for-sale, at fair value (amortized cost of $3,642,362 and allowance for credit losses of $828 in 2025) (amortized cost of $3,391,159 and allowance for credit losses of $197 in 2024)	$ 3,533,336	$ 3,175,796
Equity securities, at fair value (cost - $534,311 in 2025 and $417,897 in 2024)	898,876	736,191
Short-term investments, at cost which approximates fair value	120,562	74,915
Other invested assets	59,281	57,939
Cash	51,565	39,790
Total investments and cash	4,663,620	4,084,631
Accrued investment income	30,026	28,319
Premiums and reinsurance balances receivable, net of allowances for uncollectible amounts of $23,673 in 2025 and $22,932 in 2024	212,226	230,534
Ceded unearned premium	124,669	124,955
Reinsurance balances recoverable on unpaid losses and settlement expenses, net of allowances for uncollectible amounts of $11,107 in 2025 and $9,580 in 2024	746,798	755,425
Deferred policy acquisition costs	172,648	166,214
Property and equipment, at cost, net of accumulated depreciation of $84,459 in 2025 and $76,330 in 2024	40,733	43,172
Investment in unconsolidated investees	53,521	56,477
Goodwill and intangibles	53,562	53,562
Income taxes-deferred		7,793
Other assets	63,683	77,720
TOTAL ASSETS	6,161,486	5,628,802
LIABILITIES
Unpaid losses and settlement expenses	2,886,819	2,693,470
Unearned premiums	991,636	984,140
Reinsurance balances payable	40,580	44,681
Funds held	127,242	97,380
Income taxes-current	29,724	749
Income taxes-deferred	21,769
Short-term debt	100,000	100,000
Accrued expenses	128,597	124,242
Other liabilities	56,923	62,173
TOTAL LIABILITIES	4,383,290	4,106,835
SHAREHOLDERS' EQUITY
Common stock ($0.01 par value) (Shares authorized - 400,000,000) (137,739,079 shares issued and 91,878,651 shares outstanding in 2025) (137,598,560 shares issued and 91,738,132 shares outstanding in 2024)	1,377	1,376
Paid-in capital	376,679	367,645
Accumulated other comprehensive earnings	(88,074)	(173,723)
Retained earnings	1,881,213	1,719,668
Deferred compensation	14,082	13,498
Treasury stock, at cost (45,860,428 shares in 2025 and 2024)	(407,081)	(406,497)
TOTAL SHAREHOLDERS' EQUITY	1,778,196	1,521,967
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	$ 6,161,486	$ 5,628,802