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Consolidated Balance Sheet (USD $)
In Thousands, unless otherwise specified
Jun. 30, 2012
Dec. 31, 2011
Investments    
Fixed maturity securities - available for sale, at fair value (amortized cost: 2012-$5,712,890; 2011 - $5,385,432) $ 6,097,866 $ 5,718,834
Fixed maturity securities - held to maturity, at amortized cost (fair value: $163,136) 0 161,102
Equity securities-available for sale, at fair value (cost: $92,580) 93,660 0
Short-term investments, at cost, which approximates fair value 217,087 133,917
Other investments, at fair value (amortized cost: 2012 and 2011-$38,230) 37,720 35,897
Total investments 6,446,333 6,049,750
Cash 63,184 104,550
Restricted cash 202,642 229,821
Premium, claims and other receivables 679,569 688,732
Reinsurance recoverables 1,056,999 1,056,068
Ceded unearned premium 255,078 222,300
Ceded life and annuity benefits 59,803 61,061
Deferred policy acquisition costs 204,387 189,633
Goodwill 873,627 872,814
Other assets 167,519 122,549
Total assets 10,009,141 9,597,278
LIABILITIES    
Loss and loss adjustment expense payable 3,755,699 3,658,317
Life and annuity policy benefits 59,803 61,061
Reinsurance, premium and claims payable 359,260 366,499
Unearned premium 1,147,121 1,031,034
Deferred ceding commissions 71,767 62,364
Notes payable 590,867 478,790
Accounts payable and accrued liabilities 681,367 665,231
Total liabilities 6,665,884 6,323,296
SHAREHOLDERS' EQUITY    
Common stock, $1.00 par value; 250,000 shares authroized (shares issued: 2012-123,449 and 2011-122,720; outstanding: 2012-100,737 and 2011-104,101) 123,449 122,720
Additional paid-in capital 1,019,570 1,001,308
Retained earnings 2,574,411 2,429,818
Accumulated other comprehensive income 259,776 227,659
Treasury stock, at cost (shares: 2012-22,712 and 2011-18,619) (633,949) (507,523)
Total shareholders' equity 3,343,257 3,273,982
Total liabilities and shareholders' equity $ 10,009,141 $ 9,597,278