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Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Mar. 31, 2014
Dec. 31, 2013
Investments    
Fixed maturity securities - available for sale, at fair value (amortized cost: 2014 - $5,910,038 and 2013 - $5,921,487) $ 6,095,626 $ 6,022,473
Equity securities - available for sale, at fair value (cost: 2014 - $391,779 and 2013 - $464,388) 426,089 517,466
Short-term investments, at cost (approximates fair value) 427,700 178,753
Total investments 6,949,415 6,718,692
Cash 72,524 58,301
Restricted cash and securities 122,950 125,777
Premium, claims and other receivables 630,844 580,107
Reinsurance recoverables 1,221,444 1,277,257
Ceded unearned premium 311,372 305,438
Ceded life and annuity benefits 55,599 56,491
Deferred policy acquisition costs 210,356 201,698
Goodwill 895,501 895,200
Other assets 179,779 125,559
Total assets 10,649,784 10,344,520
LIABILITIES    
Loss and loss adjustment expense payable 3,847,417 3,902,132
Life and annuity policy benefits 55,599 56,491
Reinsurance, premium and claims payable 400,681 332,985
Unearned premium 1,167,308 1,134,849
Deferred ceding commissions 92,460 89,528
Notes payable 724,136 654,098
Accounts payable and accrued liabilities 580,070 500,007
Total liabilities 6,867,671 6,670,090
SHAREHOLDERS' EQUITY    
Common stock, $1.00 par value; 250,000 shares authorized (shares issued: 2014 - 126,062 and 2013 - 125,577; outstanding: 2014 - 100,085 and 2013 - 100,336) 126,062 125,577
Additional paid-in capital 1,082,735 1,073,105
Retained earnings 3,170,912 3,085,501
Accumulated other comprehensive income 162,221 118,651
Treasury stock, at cost (shares: 2014 - 25,977 and 2013 - 25,241) (759,817) (728,404)
Total shareholders' equity 3,782,113 3,674,430
Total liabilities and shareholders' equity $ 10,649,784 $ 10,344,520