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Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Mar. 31, 2012
Dec. 31, 2011
ASSETS    
Fixed maturity securities, held-to-maturity - at carrying value (fair value: $711,731 - 2012; $758,043 - 2011) $ 667,192 $ 712,348
Fixed maturity securities, available-for-sale- at fair value (amortized cost: $2,897,522 - 2012; $2,766,856 - 2011) 3,034,511 2,897,373
Equity securities, available-for-sale - at fair value (cost of: $130,213 - 2012; $143,826 - 2011) 152,986 157,355
Short-term investments (at cost which approximates fair value) 174,472 217,044
Other investments 125,140 128,301
Total investments 4,154,301 4,112,421
Cash 261 762
Interest and dividends due or accrued 35,369 35,842
Premiums receivable, net of allowance for uncollectible accounts of: $3,730 - 2012; $3,768 - 2011 491,401 466,294
Reinsurance recoverables, net 446,393 561,855
Prepaid reinsurance premiums 137,262 147,686
Current federal income tax 0 731
Deferred federal income tax 116,417 120,094
Property and equipment - at cost, net of accumulated depreciation and amortization of: $162,559 - 2012; $160,294 - 2011 43,918 43,947
Deferred policy acquisition costs 144,331 135,761
Goodwill 7,849 7,849
Other assets 52,095 52,227
Total assets 5,629,597 5,685,469
LIABILITIES AND STOCKHOLDERS' EQUITY    
Reserve for losses and loss expenses 3,035,773 3,144,924
Unearned premiums 937,909 906,991
Notes payable 307,366 307,360
Current federal income tax 5,576 0
Accrued salaries and benefits 113,941 119,297
Other liabilities 146,114 148,569
Total liabilities 4,546,679 4,627,141
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: 97,809,949 - 2012; 97,246,711 - 2011 195,620 194,494
Additional paid-in capital 262,336 257,370
Retained earnings 1,127,142 1,116,319
Accumulated other comprehensive income 52,984 42,294
Treasury stock - at cost (shares: 43,004,815 - 2012; 42,836,201 - 2011) (555,164) (552,149)
Total stockholders' equity 1,082,918 1,058,328
Commitments and contingencies      
Total liabilities and stockholders' equity $ 5,629,597 $ 5,685,469