CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Investment portfolio:
Fixed income, available-for-sale	$ 5,851,689	$ 5,723,113
Equity securities, at fair value (cost, 2024 - $16,146; 2023 - $16,025)	14,762	14,771
Other invested assets, at cost	1,109	850
Total investment portfolio	5,867,560	5,738,734
Cash and cash equivalents	229,485	363,666
Restricted cash and cash equivalents	5,142	6,978
Accrued investment income	61,064	58,774
Reinsurance recoverable on loss reserves	47,281	33,302
Reinsurance recoverable on paid losses	4,197	9,896
Premiums receivable	57,536	58,499
Home office and equipment, net	35,679	38,755
Deferred insurance policy acquisition costs	11,694	14,591
Deferred income taxes, net	69,875	79,782
Other assets	157,722	135,403
Total assets	6,547,235	6,538,380
Liabilities:
Loss reserves	462,662	505,379
Unearned premiums	120,360	157,779
Senior notes	644,667	643,196
Other liabilities	147,171	160,009
Total liabilities	1,374,860	1,466,363
Contingencies
Shareholders' equity:
Common stock	248,449	371,353
Paid-in capital	1,808,236	1,808,113
Treasury stock, at cost	0	(1,384,293)
Accumulated other comprehensive income (loss), net of tax	(288,162)	(316,281)
Retained earnings	3,403,852	4,593,125
Total shareholders' equity	5,172,375	5,072,017
Total liabilities and shareholders' equity	6,547,235	6,538,380
Fixed income
Investment portfolio:
Fixed income, available-for-sale	5,511,564	5,601,540
Short-Term Investments
Investment portfolio:
Fixed income, available-for-sale	$ 340,125	$ 121,573