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Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Sep. 30, 2014
Dec. 31, 2013
ASSETS    
Fixed income securities, held-to-maturity – at carrying value (fair value: $354,190 – 2014; $416,981 – 2013) $ 336,082 $ 392,879
Fixed income securities, available-for-sale – at fair value (amortized cost: $3,884,252– 2014; $3,675,977 – 2013) 3,967,638 3,715,536
Equity securities, available-for-sale – at fair value (cost: $180,419 – 2014; $155,350 – 2013) 211,266 192,771
Short-term investments (at cost which approximates fair value) 181,593 174,251
Other investments 106,548 107,875
Total investments 4,803,127 4,583,312
Cash 2,501 193
Interest and dividends due or accrued 37,563 37,382
Premiums receivable, net of allowance for uncollectible accounts of: $3,860 – 2014; $4,442 – 2013 591,686 524,870
Reinsurance recoverables, net 559,946 550,897
Prepaid reinsurance premiums 158,889 143,000
Current federal income tax 0 512
Deferred federal income tax 92,780 122,613
Property and equipment – at cost, net of accumulated depreciation and amortization of: $188,175 – 2014; $179,192 – 2013 55,532 50,834
Deferred policy acquisition costs 189,681 172,981
Goodwill 7,849 7,849
Other assets 77,865 75,727
Total assets 6,577,419 6,270,170
Liabilities And Stockholders' Equity    
Reserve for loss and loss expenses 3,445,706 3,349,770
Unearned premiums 1,143,979 1,059,155
Notes payable 392,294 392,414
Current federal income tax 16,322 0
Accrued salaries and benefits 97,469 111,427
Other liabilities 214,724 203,476
Total liabilities 5,310,494 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: 99,753,415 – 2014; 99,120,235 – 2013 199,507 198,240
Additional paid-in capital 300,425 288,182
Retained earnings 1,280,148 1,202,015
Accumulated other comprehensive income 49,125 24,851
Treasury stock - at cost (shares: 43,329,195 – 2014; 43,198,622 – 2013) (562,280) (559,360)
Total stockholders' equity 1,266,925 1,153,928
Commitments and contingencies      
Total liabilities and stockholders' equity $ 6,577,419 $ 6,270,170