XML 42 R2.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Mar. 31, 2013
Dec. 31, 2012
ASSETS    
Fixed maturity securities, held-to-maturity – at carrying value (fair value: $543,553 – 2013; $594,661 – 2012) $ 507,771 $ 554,069
Fixed maturity securities, available-for-sale – at fair value (amortized cost: $3,314,989 – 2013 ; $3,130,683 – 2012) 3,465,981 3,296,013
Equity securities, available-for-sale – at fair value (cost: $143,564 – 2013; $132,441 – 2012) 174,745 151,382
Short-term investments (at cost which approximates fair value) 163,440 214,479
Other investments 109,855 114,076
Total investments 4,421,792 4,330,019
Cash 296 210
Interest and dividends due or accrued 35,254 35,984
Premiums receivable, net of allowance for uncollectible accounts of: $4,152 – 2013; $3,906 – 2012 520,590 484,388
Reinsurance recoverables, net 788,000 1,421,109
Prepaid reinsurance premiums 134,222 132,637
Current federal income tax 0 2,569
Deferred federal income tax 105,014 119,136
Property and equipment – at cost, net of accumulated depreciation and amortization of: $171,715– 2013; $169,428 – 2012 48,327 47,131
Deferred policy acquisition costs 158,486 155,523
Goodwill 7,849 7,849
Other assets 124,197 57,661
Total assets 6,344,027 6,794,216
Liabilities And Stockholders' Equity    
Reserve for loss and loss expenses 3,474,392 4,068,941
Unearned premiums 1,005,475 974,706
Notes payable 392,393 307,387
Current federal income tax 3,075 0
Accrued salaries and benefits 103,868 152,396
Other liabilities 228,479 200,194
Total liabilities 5,207,682 5,703,624
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: 98,708,185 – 2013; 98,194,224 – 2012 197,416 196,388
Additional paid-in capital 276,717 270,654
Retained earnings 1,139,111 1,125,154
Accumulated other comprehensive income 81,921 54,040
Treasury stock - at cost (shares: 43,177,212 – 2013; 43,030,776 – 2012) (558,820) (555,644)
Total stockholders' equity 1,136,345 1,090,592
Commitments and contingencies      
Total liabilities and stockholders' equity $ 6,344,027 $ 6,794,216