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Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2011
Dec. 31, 2010
ASSETS    
Fixed maturity securities, held-to-maturity - at carrying value (fair value: $758,043 - 2011; $1,256,294 - 2010) $ 712,348 $ 1,214,324
Fixed maturity securities, available-for-sale- at fair value (amortized cost: $2,766,856 - 2011; $2,285,988 - 2010) 2,897,373 2,342,742
Equity securities, available-for-sale - at fair value (cost of: $143,826 - 2011; $58,039 - 2010) 157,355 69,636
Short-term investments (at cost which approximates fair value) 217,044 161,155
Other investments 128,301 137,865
Total investments 4,112,421 3,925,722
Cash 762 645
Interest and dividends due or accrued 35,842 37,007
Premiums receivable, net of allowance for uncollectible accounts of: $3,768 - 2011; $4,691 - 2010 466,294 414,105
Reinsurance recoverables, net 561,855 318,752
Prepaid reinsurance premiums 147,686 110,327
Current federal income tax 731 11,200
Deferred federal income tax 92,686 93,234
Property and equipment - at cost, net of accumulated depreciation and amortization of: $160,294 - 2011; $151,704 - 2010 43,947 41,775
Deferred policy acquisition costs 214,069 209,627
Goodwill 7,849 7,849
Other assets 52,227 61,529
Total assets 5,736,369 5,231,772
LIABILITIES AND STOCKHOLDERS' EQUITY    
Reserve for losses and loss expenses 3,144,924 2,830,058
Unearned premiums 906,991 823,596
Notes payable 307,360 262,333
Accrued salaries and benefits 119,297 100,933
Other liabilities 148,569 143,743
Total liabilities 4,627,141 4,160,663
Stockholders' Equity:    
Preferred stock of $0 par value per share: Authorized shares: 5,000,000; no shares issued or outstanding 0 0
Common stock of $2 par value per share Authorized shares: 360,000,000 Issued: 97,246,711 - 2011; 96,362,667 - 2010 194,494 192,725
Additional paid-in capital 257,370 244,613
Retained earnings 1,167,219 1,176,155
Accumulated other comprehensive income 42,294 7,024
Treasury stock - at cost (shares: 42,836,201 - 2011; 42,686,204 - 2010) (552,149) (549,408)
Total stockholders' equity 1,109,228 1,071,109
Commitments and contingencies      
Total liabilities and stockholders' equity $ 5,736,369 $ 5,231,772