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Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Jun. 30, 2012
Dec. 31, 2011
ASSETS    
Fixed maturity securities, held-to-maturity - at carrying value (fair value: $687,981 - 2012; $758,043 - 2011) $ 643,501 $ 712,348
Fixed maturity securities, available-for-sale - at fair value (amortized cost: $2,974,819 - 2012; $2,766,856 - 2011) 3,123,006 2,897,373
Equity securities, available-for-sale - at fair value (cost of: $130,257 - 2012; $143,826 - 2011) 148,117 157,355
Short-term investments (at cost which approximates fair value) 135,823 217,044
Other investments 125,540 128,301
Total investments 4,175,987 4,112,421
Cash 141 762
Interest and dividends due or accrued 36,110 35,842
Premiums receivable, net of allowance for uncollectible accounts of: $3,470 - 2012; $3,768 - 2011 523,588 466,294
Reinsurance recoverables, net 441,492 561,855
Prepaid reinsurance premiums 136,808 147,686
Current federal income tax 1,230 731
Deferred federal income tax 113,925 120,094
Property and equipment - at cost, net of accumulated depreciation and amortization of: $164,835 - 2012; $160,294 - 2011 45,689 43,947
Deferred policy acquisition costs 152,399 135,761
Goodwill 7,849 7,849
Other assets 52,190 52,227
Total assets 5,687,408 5,685,469
LIABILITIES AND STOCKHOLDERS' EQUITY    
Reserve for losses and loss expenses 3,044,363 3,144,924
Unearned premiums 970,806 906,991
Notes payable 307,373 307,360
Accrued salaries and benefits 113,598 119,297
Other liabilities 166,222 148,569
Total liabilities 4,602,362 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: 97,960,814 - 2012; 97,246,711 - 2011 195,921 194,494
Additional paid-in capital 265,729 257,370
Retained earnings 1,120,143 1,116,319
Accumulated other comprehensive income 58,504 42,294
Treasury stock - at cost (shares: 43,009,821 - 2012; 42,836,201 - 2011) (555,251) (552,149)
Total stockholders' equity 1,085,046 1,058,328
Commitments and contingencies      
Total liabilities and stockholders' equity $ 5,687,408 $ 5,685,469