Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Fixed income:
Available-for-sale, at fair value (amortized cost - $1,512,806 at 3/31/16 and $1,518,156 at 12/31/15)	$ 1,556,968	$ 1,538,110
Equity securities available-for-sale, at fair value (cost - $207,302 at 3/31/16 and $202,437 at 12/31/15)	389,551	375,424
Short-term investments, at cost which approximates fair value	19,405	6,262
Other invested assets	25,279	20,666
Cash	14,569	11,081
Total investments and cash	2,005,772	1,951,543
Accrued investment income	13,261	14,878
Premiums and reinsurance balances receivable, net of allowances for uncollectible amounts of $15,168 at 3/31/16 and $14,898 at 12/31/15	115,183	143,662
Ceded unearned premium	49,164	52,833
Reinsurance balances recoverable on unpaid losses and settlement expenses, net of allowances for uncollectible amounts of $11,497 at 3/31/16 and $11,885 at 12/31/15	297,240	297,844
Deferred policy acquisition costs	69,489	69,829
Property and equipment, at cost, net of accumulated depreciation of $39,910 at 3/31/16 and $38,447 at 12/31/15	49,658	47,102
Investment in unconsolidated investees	74,548	70,784
Goodwill and intangibles	72,232	71,294
Other assets	13,307	15,696
TOTAL ASSETS	2,759,854	2,735,465
Liabilities:
Unpaid losses and settlement expenses	1,121,363	1,103,785
Unearned premiums	407,606	422,094
Reinsurance balances payable	15,588	37,556
Funds held	54,094	54,254
Income taxes - deferred	76,186	63,993
Bonds payable, long-term debt	148,601	148,554
Accrued expenses	33,558	55,742
Other liabilities	30,664	26,018
TOTAL LIABILITIES	1,887,660	1,911,996
Shareholders' Equity
Common stock ($1 par value, 100,000,000 shares authorized) (66,601,890 shares issued, 43,671,676 shares outstanding at 3/31/16) (66,474,342 shares issued, 43,544,128 shares outstanding at 12/31/15)	66,602	66,474
Paid-in capital	225,072	221,345
Accumulated other comprehensive earnings	145,537	123,774
Retained earnings	827,982	804,875
Deferred compensation	10,585	10,647
Less: Treasury shares at cost (22,930,214 shares at 3/31/16 and 12/31/15)	(403,584)	(403,646)
TOTAL SHAREHOLDERS’ EQUITY	872,194	823,469
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY	$ 2,759,854	$ 2,735,465