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Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Sep. 30, 2013
Dec. 31, 2012
ASSETS    
Fixed maturity securities, held-to-maturity – at carrying value (fair value: $448,529 – 2013; $594,661 – 2012) $ 421,962 $ 554,069
Fixed maturity securities, available-for-sale – at fair value (amortized cost: $3,573,751– 2013 ; $3,130,683 – 2012) 3,633,432 3,296,013
Equity securities, available-for-sale – at fair value (cost: $158,323 – 2013; $132,441 – 2012) 180,506 151,382
Short-term investments (at cost which approximates fair value) 172,087 214,479
Other investments 108,073 114,076
Total investments 4,516,060 4,330,019
Cash 177 210
Interest and dividends due or accrued 36,044 35,984
Premiums receivable, net of allowance for uncollectible accounts of: $4,513 – 2013; $3,906 – 2012 569,214 484,388
Reinsurance recoverables, net 555,579 1,421,109
Prepaid reinsurance premiums 149,182 132,637
Current federal income tax 1,551 2,569
Deferred federal income tax 131,603 119,136
Property and equipment – at cost, net of accumulated depreciation and amortization of: $176,718 – 2013; $169,428 – 2012 50,020 47,131
Deferred policy acquisition costs 177,211 155,523
Goodwill 7,849 7,849
Other assets 71,855 57,661
Total assets 6,266,345 6,794,216
Liabilities And Stockholders' Equity    
Reserve for loss and loss expenses 3,316,291 4,068,941
Unearned premiums 1,111,539 974,706
Notes payable 392,407 307,387
Accrued salaries and benefits 116,682 152,396
Other liabilities 205,217 200,194
Total liabilities 5,142,136 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: 98,957,182 – 2013; 98,194,224 – 2012 197,914 196,388
Additional paid-in capital 284,067 270,654
Retained earnings 1,184,084 1,125,154
Accumulated other comprehensive income 17,083 54,040
Treasury stock - at cost (shares: 43,182,331 – 2013; 43,030,776 – 2012) (558,939) (555,644)
Total stockholders' equity 1,124,209 1,090,592
Commitments and contingencies      
Total liabilities and stockholders' equity $ 6,266,345 $ 6,794,216