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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2015
Dec. 31, 2014
Fixed income:    
Available-for-sale, at fair value $ 1,532,304 $ 1,495,087
Equity securities, at fair value 369,047 410,642
Short-term investments, at cost 58,983 16,339
Other invested assets 10,873 11,597
Cash 28,188 30,620
Total investments and cash 1,999,395 1,964,285
Accrued investment income 13,741 14,629
Premiums and reinsurance balances receivable 170,942 154,573
Ceded unearned premium 52,161 53,961
Reinsurance balances recoverable on unpaid losses 317,737 335,106
Deferred policy acquisition costs 72,300 65,123
Property and equipment 45,038 42,549
Investment in unconsolidated investees 71,451 60,046
Goodwill and intangibles 72,026 72,695
Other assets 14,598 12,575
TOTAL ASSETS 2,829,389 2,775,542
Liabilities:    
Unpaid losses and settlement expenses 1,140,733 1,121,040
Unearned premiums 432,278 401,412
Reinsurance balances payable 38,829 38,013
Funds held 54,237 51,481
Income taxes - deferred 60,583 82,285
Bonds payable, long-term debt 149,658 149,625
Accrued expenses 47,609 63,148
Other liabilities 22,311 23,476
TOTAL LIABILITIES 1,946,238 1,930,480
Shareholders' Equity    
Common stock ($1 par value, 100,000,000 shares authorized)(66,313,950 shares issued, 43,383,736 shares outstanding at 9/30/15)(66,032,929 shares issued, 43,102,715 shares outstanding at 12/31/14) 66,314 66,033
Paid-in capital 220,738 213,737
Accumulated other comprehensive earnings 122,720 171,383
Retained earnings 866,378 786,908
Deferred compensation 9,342 13,769
Less: Treasury shares at cost (22,930,214 shares at 9/30/15 and 12/31/14) (402,341) (406,768)
TOTAL SHAREHOLDERS’ EQUITY 883,151 845,062
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 2,829,389 $ 2,775,542