XML 39 R2.htm IDEA: XBRL DOCUMENT v2.4.1.9
Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Mar. 31, 2015
Dec. 31, 2014
ASSETS    
Fixed income securities, held-to-maturity – at carrying value (fair value: $311,093 – 2015; $333,961 – 2014) $ 296,557us-gaap_HeldToMaturitySecurities $ 318,137us-gaap_HeldToMaturitySecurities
Fixed income securities, available-for-sale – at fair value (amortized cost: $4,059,034 – 2015; $3,975,786 – 2014) 4,174,242us-gaap_AvailableForSaleSecuritiesDebtSecurities 4,066,122us-gaap_AvailableForSaleSecuritiesDebtSecurities
Equity securities, available-for-sale – at fair value (cost: $199,617 – 2015; $159,011 – 2014) 211,571us-gaap_AvailableForSaleSecuritiesEquitySecurities 191,400us-gaap_AvailableForSaleSecuritiesEquitySecurities
Short-term investments (at cost which approximates fair value) 124,376us-gaap_OtherShortTermInvestments 131,972us-gaap_OtherShortTermInvestments
Other investments 95,020us-gaap_OtherInvestments 99,203us-gaap_OtherInvestments
Total investments 4,901,766us-gaap_Investments 4,806,834us-gaap_Investments
Cash 14,804us-gaap_Cash 23,959us-gaap_Cash
Interest and dividends due or accrued 38,416us-gaap_AccruedInvestmentIncomeReceivable 38,901us-gaap_AccruedInvestmentIncomeReceivable
Premiums receivable, net of allowance for uncollectible accounts of: $4,201 – 2015; $4,137 – 2014 596,888us-gaap_PremiumsReceivableAtCarryingValue 558,778us-gaap_PremiumsReceivableAtCarryingValue
Reinsurance recoverables, net 574,982us-gaap_ReinsuranceRecoverables 581,548us-gaap_ReinsuranceRecoverables
Prepaid reinsurance premiums 141,941us-gaap_PrepaidReinsurancePremiums 146,993us-gaap_PrepaidReinsurancePremiums
Deferred federal income tax 92,061us-gaap_DeferredTaxAssetsNet 98,449us-gaap_DeferredTaxAssetsNet
Property and equipment – at cost, net of accumulated depreciation and amortization of: $175,896 – 2015; $172,183 – 2014 61,855us-gaap_PropertyPlantAndEquipmentNet 59,416us-gaap_PropertyPlantAndEquipmentNet
Deferred policy acquisition costs 191,956us-gaap_DeferredPolicyAcquisitionCosts 185,608us-gaap_DeferredPolicyAcquisitionCosts
Goodwill 7,849us-gaap_Goodwill 7,849us-gaap_Goodwill
Other assets 78,627us-gaap_OtherAssets 73,215us-gaap_OtherAssets
Total assets 6,701,145us-gaap_Assets 6,581,550us-gaap_Assets
Liabilities And Stockholders' Equity    
Reserve for loss and loss expenses 3,516,268us-gaap_LiabilityForClaimsAndClaimsAdjustmentExpensePropertyCasualtyLiability 3,477,870us-gaap_LiabilityForClaimsAndClaimsAdjustmentExpensePropertyCasualtyLiability
Unearned premiums 1,132,733us-gaap_UnearnedPremiums 1,095,819us-gaap_UnearnedPremiums
Notes payable 394,301us-gaap_LongTermDebt 379,297us-gaap_LongTermDebt
Current federal income tax 10,627us-gaap_AccruedIncomeTaxes 3,921us-gaap_AccruedIncomeTaxes
Accrued salaries and benefits 142,092us-gaap_AccruedSalariesCurrentAndNoncurrent 158,382us-gaap_AccruedSalariesCurrentAndNoncurrent
Other liabilities 189,186us-gaap_OtherLiabilities 190,675us-gaap_OtherLiabilities
Total liabilities 5,385,207us-gaap_Liabilities 5,305,964us-gaap_Liabilities
Stockholders' Equity:    
Preferred stock of $0 par value per share: Authorized shares: 5,000,000; no shares issued or outstanding 0us-gaap_PreferredStockValue 0us-gaap_PreferredStockValue
Common stock of $2 par value per share Authorized shares: 360,000,000 Issued: 100,430,480 – 2015; 99,947,933 – 2014 200,861us-gaap_CommonStockValue 199,896us-gaap_CommonStockValue
Additional paid-in capital 312,930us-gaap_AdditionalPaidInCapitalCommonStock 305,385us-gaap_AdditionalPaidInCapitalCommonStock
Retained earnings 1,345,035us-gaap_RetainedEarningsAccumulatedDeficit 1,313,440us-gaap_RetainedEarningsAccumulatedDeficit
Accumulated other comprehensive income 23,615us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax 19,788us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax
Treasury stock - at cost (shares: 43,482,438 – 2015; 43,353,181 – 2014) (566,503)us-gaap_TreasuryStockValue (562,923)us-gaap_TreasuryStockValue
Total stockholders' equity 1,315,938us-gaap_StockholdersEquity 1,275,586us-gaap_StockholdersEquity
Commitments and contingencies      
Total liabilities and stockholders' equity $ 6,701,145us-gaap_LiabilitiesAndStockholdersEquity $ 6,581,550us-gaap_LiabilitiesAndStockholdersEquity