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Consolidated Balance Sheets (USD $)
In Thousands
Sep. 30, 2011
Dec. 31, 2010
ASSETS  
Fixed maturity securities, held-to-maturity - at carrying value (fair value: $901,385 - 2011; $1,256,294 - 2010)$ 852,843$ 1,214,324
Fixed maturity securities, available-for-sale- at fair value (amortized cost: $2,649,035 - 2011; $2,285,988 - 2010)2,772,3482,342,742
Equity securities, available-for-sale - at fair value (cost of: $150,517 - 2011; $58,039 - 2010)139,20369,636
Short-term investments (at cost which approximates fair value)162,812161,155
Other investments135,560137,865
Total investments4,062,7663,925,722
Cash287645
Interest and dividends due or accrued35,10737,007
Premiums receivable, net of allowance for uncollectible accounts of: $3,863 - 2011; $4,691 - 2010477,869414,105
Reinsurance recoverables, net631,732318,752
Prepaid reinsurance premiums121,560110,327
Current federal income tax17,51811,200
Deferred federal income tax83,29993,234
Property and equipment - at cost, net of accumulated depreciation and amortization of: $158,383 - 2011; $151,704 - 201039,24741,775
Deferred policy acquisition costs220,044209,627
Goodwill7,8497,849
Other assets51,71261,529
Total assets5,748,9905,231,772
LIABILITIES AND STOCKHOLDERS' EQUITY  
Reserve for losses and loss expenses3,243,6222,830,058
Unearned premiums902,112823,596
Notes payable262,353262,333
Accrued salaries and benefits98,485100,933
Other liabilities155,863143,743
Total liabilities4,662,4354,160,663
Stockholders' Equity:  
Preferred stock of $0 par value per share: Authorized shares: 5,000,000; no shares issued or outstanding00
Common stock of $2 par value per share Authorized shares: 360,000,000 Issued: 97,044,503 - 2011; 96,362,667 - 2010194,089192,725
Additional paid-in capital253,939244,613
Retained earnings1,158,3081,176,155
Accumulated other comprehensive income32,1647,024
Treasury stock - at cost (shares: 42,823,871 - 2011; 42,686,204 - 2010)(551,945)(549,408)
Total stockholders' equity1,086,5551,071,109
Commitments and contingencies  
Total liabilities and stockholders' equity$ 5,748,990$ 5,231,772