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Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Jun. 30, 2014
Dec. 31, 2013
Investments    
Fixed maturity securities - available for sale, at fair value (amortized cost: 2014 - $6,078,453 and 2013 - $5,921,487) $ 6,333,191 $ 6,022,473
Equity securities - available for sale, at fair value (cost: 2014 - $394,685 and 2013 - $464,388) 448,685 517,466
Short-term investments, at cost (approximates fair value) 342,335 178,753
Total investments 7,124,211 6,718,692
Cash 70,907 58,301
Restricted cash and securities 130,920 125,777
Premium, claims and other receivables 676,340 580,107
Reinsurance recoverables 1,178,200 1,277,257
Ceded unearned premium 340,853 305,438
Ceded life and annuity benefits 53,406 56,491
Deferred policy acquisition costs 226,333 201,698
Goodwill 895,799 895,200
Other assets 165,022 125,559
Total assets 10,861,991 10,344,520
LIABILITIES    
Loss and loss adjustment expense payable 3,841,497 3,902,132
Life and annuity policy benefits 53,406 56,491
Reinsurance, premium and claims payable 388,855 332,985
Unearned premium 1,272,969 1,134,849
Deferred ceding commissions 100,571 89,528
Notes payable 734,174 654,098
Accounts payable and accrued liabilities 556,464 500,007
Total liabilities 6,947,936 6,670,090
SHAREHOLDERS' EQUITY    
Common stock, $1.00 par value; 250,000 shares authorized (shares issued: 2014 - 126,252 and 2013 - 125,577; outstanding: 2014 - 100,050 and 2013 - 100,336) 126,252 125,577
Additional paid-in capital 1,091,773 1,073,105
Retained earnings 3,245,554 3,085,501
Accumulated other comprehensive income 220,422 118,651
Treasury stock, at cost (shares: 2014 - 26,202 and 2013 - 25,241) (769,946) (728,404)
Total shareholders' equity 3,914,055 3,674,430
Total liabilities and shareholders' equity $ 10,861,991 $ 10,344,520