XML 41 R2.htm IDEA: XBRL DOCUMENT v3.2.0.727
Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2015
Dec. 31, 2014
ASSETS    
Fixed income securities, held-to-maturity – at carrying value (fair value: $259,702 – 2015; $333,961 – 2014) $ 247,859 $ 318,137
Fixed income securities, available-for-sale – at fair value (amortized cost: $4,133,223 – 2015; $3,975,786 – 2014) 4,192,818 4,066,122
Equity securities, available-for-sale – at fair value (cost: $218,138 – 2015; $159,011 – 2014) 228,883 191,400
Short-term investments (at cost which approximates fair value) 168,349 131,972
Other investments 85,420 99,203
Total investments 4,923,329 4,806,834
Cash 368 23,959
Interest and dividends due or accrued 38,488 38,901
Premiums receivable, net of allowance for uncollectible accounts of: $4,210 – 2015; $4,137 – 2014 647,591 558,778
Reinsurance recoverables, net 572,502 581,548
Prepaid reinsurance premiums 145,286 146,993
Deferred federal income tax 106,152 98,449
Property and equipment – at cost, net of accumulated depreciation and amortization of: $180,146 – 2015; $172,183 – 2014 62,182 59,416
Deferred policy acquisition costs 203,224 185,608
Goodwill 7,849 7,849
Other assets 77,342 73,215
Total assets 6,784,313 6,581,550
Liabilities And Stockholders' Equity    
Reserve for loss and loss expenses 3,535,433 3,477,870
Unearned premiums 1,177,901 1,095,819
Notes payable 394,305 379,297
Current federal income tax 13,562 3,921
Accrued salaries and benefits 140,211 158,382
Other liabilities 212,588 190,675
Total liabilities 5,474,000 5,305,964
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: 100,585,852 – 2015; 99,947,933 – 2014 201,172 199,896
Additional paid-in capital 317,295 305,385
Retained earnings 1,370,681 1,313,440
Accumulated other comprehensive (loss) income (12,329) 19,788
Treasury stock - at cost (shares: 43,482,533 – 2015; 43,353,181 – 2014) (566,506) (562,923)
Total stockholders' equity $ 1,310,313 $ 1,275,586
Commitments and contingencies    
Total liabilities and stockholders' equity $ 6,784,313 $ 6,581,550