Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
ASSETS
Available-for-sale, at fair value (amortized cost of $3,391,159 and allowance for credit losses of $197 in 2024) (amortized cost of $3,054,391 and allowance for credit losses of $306 in 2023)	$ 3,175,796	$ 2,855,849
Equity securities, at fair value (cost - $417,897 in 2024 and $354,022 in 2023)	736,191	590,041
Short-term investments, at cost which approximates fair value	74,915	134,923
Other invested assets	57,939	59,081
Cash	39,790	36,424
Total investments and cash	4,084,631	3,676,318
Accrued investment income	28,319	24,062
Premiums and reinsurance balances receivable, net of allowances for uncollectible amounts of $22,932 in 2024 and $21,438 in 2023	230,534	221,206
Ceded unearned premium	124,955	112,257
Reinsurance balances recoverable on unpaid losses and settlement expenses, net of allowances for uncollectible amounts of $9,580 in 2024 and $10,608 in 2023	755,425	757,349
Deferred policy acquisition costs	166,214	146,566
Property and equipment, at cost, net of accumulated depreciation of $76,330 in 2024 and $74,279 in 2023	43,172	46,715
Investment in unconsolidated investees	56,477	56,966
Goodwill and intangibles	53,562	53,562
Income taxes-deferred	7,793	15,872
Other assets	77,720	69,348
TOTAL ASSETS	5,628,802	5,180,221
Liabilities
Unpaid loss and settlement expenses	2,693,470	2,446,025
Unearned premiums	984,140	892,326
Reinsurance balances payable	44,681	71,507
Funds held	97,380	101,446
Income taxes-current	749	3,757
Short-term debt	100,000	100,000
Accrued expenses	124,242	108,880
Other liabilities	62,173	42,766
TOTAL LIABILITIES	4,106,835	3,766,707
Shareholders' Equity
Common stock ($0.01 par value) (Shares authorized - 400,000,000) (137,598,560 shares issued and 91,738,132 shares outstanding in 2024) (137,140,522 shares issued and 91,280,094 shares outstanding in 2023)	1,376	1,371
Paid-in capital	367,645	361,660
Accumulated other comprehensive earnings	(173,723)	(166,303)
Retained earnings	1,719,668	1,609,785
Deferred compensation	13,498	13,539
Treasury stock, at cost (45,860,428 shares in 2024 and 2023)	(406,497)	(406,538)
TOTAL SHAREHOLDERS' EQUITY	1,521,967	1,413,514
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	$ 5,628,802	$ 5,180,221