XML 107 R92.htm IDEA: XBRL DOCUMENT v3.24.0.1
Schedule II - Condensed Financial Information of Registrant (Parent Company) - Balance Sheets (Details) - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
ASSETS        
Cash $ 36,424 $ 22,818    
Short-term investments, at cost which approximates fair value 134,923 36,229    
Investment in unconsolidated investees 56,966 58,275    
Fixed income:        
Available-for-sale, at fair value (amortized cost of $78,431 and allowance for credit losses of $0 in 2023) (amortized cost of $250,904 and allowance for credit losses of $0 in 2022) 2,855,849 2,666,950    
Property and equipment, at cost, net of accumulated depreciation of $1,375 in 2023 and $1,340 in 2022 46,715 49,573    
Income taxes-deferred 15,872 40,269    
TOTAL ASSETS 5,180,221 4,767,068    
Liabilities        
Income taxes-current 3,757      
Debt 100,000 199,863    
TOTAL LIABILITIES 3,766,707 3,589,727    
Shareholders' Equity        
Common stock ($0.01 par value) (Shares authorized - 200,000,000) (68,570,261 shares issued and 45,640,047 shares outstanding in 2023) (68,399,966 shares issued and 45,469,752 shares outstanding in 2022) 686 684    
Paid-in capital 362,345 352,391    
Accumulated other comprehensive earnings (166,303) (229,076)    
Retained earnings 1,609,785 1,446,341    
Deferred compensation 13,539 12,015    
Treasury shares, at cost (22,930,214 shares in 2023 and 2022) (406,538) (405,014)    
TOTAL SHAREHOLDERS' EQUITY 1,413,514 1,177,341 $ 1,229,361 $ 1,135,978
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY 5,180,221 4,767,068    
Parent Company        
ASSETS        
Cash 1,048 1,051    
Short-term investments, at cost which approximates fair value 76,926 2,229    
Accounts receivable, affiliates 2,393 1,572    
Investments in subsidiaries 1,312,323 1,084,055    
Fixed income:        
Available-for-sale, at fair value (amortized cost of $78,431 and allowance for credit losses of $0 in 2023) (amortized cost of $250,904 and allowance for credit losses of $0 in 2022) 67,029 237,282    
Property and equipment, at cost, net of accumulated depreciation of $1,375 in 2023 and $1,340 in 2022 1,375 1,410    
Income taxes-deferred 3,101 3,204    
Other assets 6,170 3,840    
TOTAL ASSETS 1,470,365 1,334,643    
Liabilities        
Income taxes-current 778 1,823    
Debt 50,000 149,863    
Interest payable on debt 157 2,153    
Other liabilities 5,916 3,463    
TOTAL LIABILITIES 56,851 157,302    
Shareholders' Equity        
Common stock ($0.01 par value) (Shares authorized - 200,000,000) (68,570,261 shares issued and 45,640,047 shares outstanding in 2023) (68,399,966 shares issued and 45,469,752 shares outstanding in 2022) 686 684    
Paid-in capital 362,345 352,391    
Accumulated other comprehensive earnings (166,303) (229,076)    
Retained earnings 1,609,785 1,446,341    
Deferred compensation 13,539 12,015    
Treasury shares, at cost (22,930,214 shares in 2023 and 2022) (406,538) (405,014)    
TOTAL SHAREHOLDERS' EQUITY 1,413,514 1,177,341    
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 1,470,365 $ 1,334,643