CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Securities, available-for-sale, at fair value:
Fixed maturities (amortized cost, 2015 - $4,598,347; 2014 - $4,602,514)	$ 4,588,331	$ 4,609,614
Equity securities	5,634	3,055
Total investment portfolio	4,593,965	4,612,669
Cash and cash equivalents	384,536	197,882
Restricted cash and cash equivalents	0	17,212
Accrued investment income	36,861	30,518
Prepaid reinsurance premiums	187	47,623
Reinsurance recoverable on loss reserves	38,748	57,841
Reinsurance recoverable on paid losses	4,275	6,424
Premiums receivable	51,579	57,442
Home office and equipment, net	29,265	28,693
Deferred insurance policy acquisition costs	14,997	12,240
Profit commission receivable	0	91,500
Deferred income taxes, net	758,851	0
Other assets	94,886	106,390
Total assets	6,008,150	5,266,434
Liabilities:
Loss reserves	1,979,943	2,396,807
Premium deficiency reserve	0	23,751
Unearned premiums	265,119	203,414
Senior notes	61,953	61,918
Convertible senior notes	845,000	845,000
Convertible junior debentures	389,522	389,522
Other liabilities	318,094	309,119
Total liabilities	$ 3,859,631	$ 4,229,531
Contingencies
Shareholders' equity:
Common stock (one dollar par value, shares authorized 1,000,000; shares issued 2015 - 340,091; 2014 - 340,047; shares outstanding 2015 - 339,651; 2014 - 338,560)	$ 340,091	$ 340,047
Paid-in capital	1,667,307	1,663,592
Treasury stock (shares at cost 2015 - 440; 2014 - 1,487)	(3,362)	(32,937)
Accumulated other comprehensive loss, net of tax	(43,147)	(81,341)
Retained earnings (deficit)	187,630	(852,458)
Total shareholders' equity	2,148,519	1,036,903
Total liabilities and shareholders' equity	$ 6,008,150	$ 5,266,434