v2.4.0.6
Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Sep. 30, 2012
Dec. 31, 2011
ASSETS    
Fixed maturities (amortized cost of $4,833,249 in 2012 and $5,172,952 in 2011) $ 5,280,549 $ 5,538,174
Equity securities (cost of $1,375,406 in 2012 and $1,156,294 in 2011) 2,341,253 1,873,927
Short-term investments (estimated fair value approximates cost) 729,042 541,014
Total Investments 8,350,844 7,953,115
Cash and cash equivalents 834,828 775,032
Receivables 446,773 350,237
Reinsurance recoverable on unpaid losses 748,864 791,102
Reinsurance recoverable on paid losses 42,224 38,208
Deferred policy acquisition costs 167,185 194,674
Prepaid reinsurance premiums 114,354 97,074
Goodwill and intangible assets 997,834 867,558
Other assets 680,511 465,103
Total Assets 12,383,417 11,532,103
LIABILITIES AND EQUITY    
Unpaid losses and loss adjustment expenses 5,306,045 5,398,869
Unearned premiums 1,053,135 915,930
Payables to insurance companies 100,079 64,327
Senior long-term debt and other debt (estimated fair value of $1,692,000 in 2012 and $1,391,000 in 2011) 1,510,598 1,293,520
Other liabilities 519,903 397,111
Total Liabilities 8,489,760 8,069,757
Redeemable noncontrolling interests 87,738 74,231
Commitments and contingencies      
Shareholders' equity:    
Common stock 905,841 891,507
Retained earnings 2,009,133 1,835,086
Accumulated other comprehensive income 891,142 660,920
Total Shareholders' Equity 3,806,116 3,387,513
Noncontrolling interests (197) 602
Total Equity 3,805,919 3,388,115
Total Liabilities and Equity $ 12,383,417 $ 11,532,103