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Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Mar. 31, 2014
Dec. 31, 2013
ASSETS    
Fixed income securities, held-to-maturity – at carrying value (fair value: $403,536 – 2014; $416,981 – 2013) $ 382,056 $ 392,879
Fixed income securities, available-for-sale – at fair value (amortized cost: $3,784,456– 2014; $3,675,977 – 2013) 3,815,853 3,715,536
Equity securities, available-for-sale – at fair value (cost: $162,370 – 2014; $155,350 – 2013) 197,687 192,771
Short-term investments (at cost which approximates fair value) 137,733 174,251
Other investments 106,720 107,875
Total investments 4,640,049 4,583,312
Cash 245 193
Interest and dividends due or accrued 36,967 37,382
Premiums receivable, net of allowance for uncollectible accounts of: $3,771 – 2014; $4,442 – 2013 553,912 524,870
Reinsurance recoverables, net 574,621 550,897
Prepaid reinsurance premiums 141,603 143,000
Current federal income tax 0 512
Deferred federal income tax 113,061 122,613
Property and equipment – at cost, net of accumulated depreciation and amortization of: $181,959 – 2014; $179,192 – 2013 53,725 50,834
Deferred policy acquisition costs 177,678 172,981
Goodwill 7,849 7,849
Other assets 70,526 75,727
Total assets 6,370,236 6,270,170
Liabilities And Stockholders' Equity    
Reserve for loss and loss expenses 3,432,432 3,349,770
Unearned premiums 1,078,012 1,059,155
Notes payable 392,420 392,414
Current federal income tax 3,249 0
Accrued salaries and benefits 89,558 111,427
Other liabilities 189,034 203,476
Total liabilities 5,184,705 5,116,242
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: 99,536,697 – 2014; 99,120,235 – 2013 199,073 198,240
Additional paid-in capital 294,365 288,182
Retained earnings 1,212,577 1,202,015
Accumulated other comprehensive income 41,529 24,851
Treasury stock - at cost (shares: 43,317,498 – 2014; 43,198,622 – 2013) (562,013) (559,360)
Total stockholders' equity 1,185,531 1,153,928
Commitments and contingencies      
Total liabilities and stockholders' equity $ 6,370,236 $ 6,270,170