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Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2012
Dec. 31, 2011
Investments    
Fixed maturity securities - available for sale, at fair value (amortized cost: 2012-$5,856,432; 2011 - $5,385,432) $ 6,281,781 $ 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: $275,827) 284,639 0
Short-term investments, at cost (approximates fair value) 363,053 133,917
Other investments, at fair value (amortized cost: 2012 -$18,391 and 2011-$38,230) 20,925 35,897
Total investments 6,950,398 6,049,750
Cash 71,390 104,550
Restricted cash and securities 101,480 229,821
Premium, claims and other receivables 549,725 688,732
Reinsurance recoverables 1,071,222 1,056,068
Ceded unearned premium 256,988 222,300
Ceded life and annuity benefits 58,641 61,061
Deferred policy acquisition costs 191,960 189,633
Goodwill 885,860 872,814
Other assets 130,143 122,549
Total assets 10,267,807 9,597,278
LIABILITIES    
Loss and loss adjustment expense payable 3,767,850 3,658,317
Life and annuity policy benefits 58,641 61,061
Reinsurance, premium and claims payable 294,621 366,499
Unearned premium 1,069,956 1,031,034
Deferred ceding commissions 74,609 62,364
Notes payable 583,944 478,790
Accounts payable and accrued liabilities 875,574 665,231
Total liabilities 6,725,195 6,323,296
SHAREHOLDERS' EQUITY    
Common stock, $1.00 par value; 250,000 shares authorized (shares issued: 2012-125,114 and 2011-122,720; outstanding: 2012-100,928 and 2011-104,101) 125,114 122,720
Additional paid-in capital 1,052,253 1,001,308
Retained earnings 2,756,166 2,429,818
Accumulated other comprehensive income 295,271 227,659
Treasury stock, at cost (shares: 2012-22,712 and 2011-18,619) (686,192) (507,523)
Total shareholders' equity 3,542,612 3,273,982
Total liabilities and shareholders' equity $ 10,267,807 $ 9,597,278