CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Securities, available-for-sale, at fair value:
Fixed maturities (amortized cost, 2015 - $4,684,148; 2014 - $4,602,514)	$ 4,657,561	$ 4,609,614
Equity securities	5,645	3,055
Total investment portfolio	4,663,206	4,612,669
Cash and cash equivalents	181,120	197,882
Restricted cash and cash equivalents	0	17,212
Accrued investment income	40,224	30,518
Prepaid reinsurance premiums	166	47,623
Reinsurance recoverable on loss reserves	44,487	57,841
Reinsurance recoverable on paid losses	3,319	6,424
Premiums receivable	48,469	57,442
Home office and equipment, net	30,095	28,693
Deferred insurance policy acquisition costs	15,241	12,240
Profit commission receivable	0	91,500
Deferred income taxes, net	762,080	0
Other assets	91,138	106,390
Total assets	5,879,545	5,266,434
Liabilities:
Loss reserves	1,893,402	2,396,807
Premium deficiency reserve	0	23,751
Unearned premiums	279,973	203,414
Senior notes	0	61,918
Convertible senior notes	833,503	845,000
Convertible junior debentures	389,522	389,522
Other liabilities	247,005	309,119
Total liabilities	$ 3,643,405	$ 4,229,531
Contingencies
Shareholders' equity
Common stock (one dollar par value, shares authorized 1,000,000; shares issued 2015 - 340,097; 2014 - 340,047; outstanding 2015 - 339,657; 2014 - 338,560)	$ 340,097	$ 340,047
Paid-in capital	1,670,238	1,663,592
Treasury stock (shares at cost 2015 - 440; 2014 - 1,487)	(3,362)	(32,937)
Accumulated other comprehensive loss, net of tax	(60,880)	(81,341)
Retained earnings (deficit)	290,047	(852,458)
Total shareholders' equity	2,236,140	1,036,903
Total liabilities and shareholders' equity	$ 5,879,545	$ 5,266,434