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Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Sep. 30, 2012
Dec. 31, 2011
Investments    
Fixed maturity securities - available for sale, at fair value (amortized cost: 2012-$5,847,178; 2011 - $5,385,432) $ 6,315,365 $ 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: $197,469) 202,864 0
Short-term investments, at cost, which approximates fair value 160,138 133,917
Other investments, at fair value (amortized cost: 2012 -$31,550 and 2011-$38,230) 34,044 35,897
Total investments 6,712,411 6,049,750
Cash 64,293 104,550
Restricted cash 125,974 229,821
Premium, claims and other receivables 604,881 688,732
Reinsurance recoverables 1,013,957 1,056,068
Ceded unearned premium 262,168 222,300
Ceded life and annuity benefits 58,771 61,061
Deferred policy acquisition costs 199,401 189,633
Goodwill 885,860 872,814
Other assets 152,668 122,549
Total assets 10,080,384 9,597,278
LIABILITIES    
Loss and loss adjustment expense payable 3,692,250 3,658,317
Life and annuity policy benefits 58,771 61,061
Reinsurance, premium and claims payable 321,064 366,499
Unearned premium 1,118,094 1,031,034
Deferred ceding commissions 74,441 62,364
Notes payable 548,906 478,790
Accounts payable and accrued liabilities 762,038 665,231
Total liabilities 6,575,564 6,323,296
SHAREHOLDERS' EQUITY    
Common stock, $1.00 par value; 250,000 shares authroized (shares issued: 2012-124,459 and 2011-122,720; outstanding: 2012-101,297 and 2011-104,101) 124,459 122,720
Additional paid-in capital 1,046,435 1,001,308
Retained earnings 2,664,745 2,429,818
Accumulated other comprehensive income 318,239 227,659
Treasury stock, at cost (shares: 2012-23,162 and 2011-18,619) (649,058) (507,523)
Total shareholders' equity 3,504,820 3,273,982
Total liabilities and shareholders' equity $ 10,080,384 $ 9,597,278