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Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Jun. 30, 2014
Dec. 31, 2013
ASSETS    
Fixed income securities, held-to-maturity – at carrying value (fair value: $385,502 – 2014; $416,981 – 2013) $ 364,938 $ 392,879
Fixed income securities, available-for-sale – at fair value (amortized cost: $3,792,036– 2014; $3,675,977 – 2013) 3,890,200 3,715,536
Equity securities, available-for-sale – at fair value (cost: $166,214 – 2014; $155,350 – 2013) 211,348 192,771
Short-term investments (at cost which approximates fair value) 166,488 174,251
Other investments 106,125 107,875
Total investments 4,739,099 4,583,312
Cash 1,547 193
Interest and dividends due or accrued 37,747 37,382
Premiums receivable, net of allowance for uncollectible accounts of: $3,733 – 2014; $4,442 – 2013 589,617 524,870
Reinsurance recoverables, net 558,758 550,897
Prepaid reinsurance premiums 148,256 143,000
Current federal income tax 0 512
Deferred federal income tax 97,401 122,613
Property and equipment – at cost, net of accumulated depreciation and amortization of: $184,748 – 2014; $179,192 – 2013 53,836 50,834
Deferred policy acquisition costs 182,087 172,981
Goodwill 7,849 7,849
Other assets 74,388 75,727
Total assets 6,490,585 6,270,170
Liabilities And Stockholders' Equity    
Reserve for loss and loss expenses 3,451,306 3,349,770
Unearned premiums 1,100,864 1,059,155
Notes payable 392,290 392,414
Current federal income tax 10,150 0
Accrued salaries and benefits 84,870 111,427
Other liabilities 213,030 203,476
Total liabilities 5,252,510 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: 99,697,374 – 2014; 99,120,235 – 2013 199,395 198,240
Additional paid-in capital 298,352 288,182
Retained earnings 1,234,462 1,202,015
Accumulated other comprehensive income 68,012 24,851
Treasury stock - at cost (shares: 43,323,441 – 2014; 43,198,622 – 2013) (562,146) (559,360)
Total stockholders' equity 1,238,075 1,153,928
Commitments and contingencies      
Total liabilities and stockholders' equity $ 6,490,585 $ 6,270,170