Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2026	Dec. 31, 2025
ASSETS
Available-for-sale, at fair value (amortized cost of $3,669,921 and allowance for credit losses of $538 at 3/31/26) (amortized cost of $3,642,362 and allowance for credit losses of $828 at 12/31/25)	$ 3,528,692	$ 3,533,336
Equity securities, at fair value (cost - $539,859 at 3/31/26 and $534,311 at 12/31/25)	864,912	898,876
Short-term investments, at cost which approximates fair value	386,219	120,562
Other invested assets	60,509	59,281
Cash	49,121	51,565
Total investments and cash	4,889,453	4,663,620
Accrued investment income	30,456	30,026
Premiums and reinsurance balances receivable, net of allowances for uncollectible amounts of $21,696 at 3/31/26 and $23,673 at 12/31/25	243,451	212,226
Ceded unearned premium	118,476	124,669
Reinsurance balances recoverable on unpaid losses and settlement expenses, net of allowances for uncollectible amounts of $11,479 at 3/31/26 and $11,107 at 12/31/25	740,503	746,798
Deferred policy acquisition costs	176,187	172,648
Property and equipment, at cost, net of accumulated depreciation of $86,547 at 3/31/26 and $84,459 at 12/31/25	39,809	40,733
Investment in unconsolidated investees	56,053	53,521
Goodwill and intangibles	53,562	53,562
Other assets	53,873	63,683
TOTAL ASSETS	6,401,823	6,161,486
Liabilities
Unpaid losses and settlement expenses	2,927,929	2,886,819
Unearned premiums	991,717	991,636
Reinsurance balances payable	23,455	40,580
Funds held	134,215	127,242
Income taxes-current	26,797	29,724
Income taxes-deferred	5,566	21,769
Short-term debt	50,000	100,000
Long-term debt	297,247
Accrued expenses	68,016	128,597
Other liabilities	80,491	56,923
TOTAL LIABILITIES	4,605,433	4,383,290
Shareholders' Equity
Common stock ($0.01 par value) (Shares authorized - 400,000,000) (137,794,359 shares issued, 91,933,931 shares outstanding at 3/31/26) (137,739,079 shares issued, 91,878,651 shares outstanding at 12/31/25)	1,378	1,377
Paid-in capital	380,075	376,679
Accumulated other comprehensive earnings (loss)	(113,440)	(88,074)
Retained earnings	1,921,376	1,881,213
Deferred compensation	11,536	14,082
Less: Treasury shares, at cost (45,860,428 shares at 3/31/26 and 12/31/25)	(404,535)	(407,081)
TOTAL SHAREHOLDERS' EQUITY	1,796,390	1,778,196
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	$ 6,401,823	$ 6,161,486