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Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2016
Dec. 31, 2015
ASSETS    
Fixed income securities, held-to-maturity – at carrying value (fair value: $171,259 – 2016; $209,544 – 2015) $ 163,573 $ 201,354
Fixed income securities, available-for-sale – at fair value (amortized cost: $4,484,719 – 2016; $4,352,514 – 2015) 4,600,468 4,408,203
Equity securities, available-for-sale – at fair value (cost: $194,178 – 2016; $193,816 – 2015) 215,789 207,051
Short-term investments (at cost which approximates fair value) 103,132 194,819
Other investments 80,916 77,842
Total investments (Note 4) 5,163,878 5,089,269
Cash 683 898
Interest and dividends due or accrued 37,959 38,501
Premiums receivable, net of allowance for uncollectible accounts of: $4,063 – 2016; $4,422 – 2015 654,344 615,164
Reinsurance recoverables, net of allowance for uncollectible accounts of: $6,000 – 2016; $5,700 – 2015 577,346 561,968
Prepaid reinsurance premiums 137,655 140,889
Deferred federal income tax 67,479 92,696
Property and equipment – at cost, net of accumulated depreciation and amortization of: $192,675 – 2016; $188,548 – 2015 65,164 65,701
Deferred policy acquisition costs 220,948 213,159
Goodwill 7,849 7,849
Other assets 89,187 78,339
Total assets 7,022,492 6,904,433
Liabilities And Stockholders' Equity    
Reserve for loss and loss expenses 3,575,496 3,517,728
Unearned premiums 1,209,377 1,169,710
Short-term debt 60,000 60,000
Long-term debt 328,313 328,192
Current federal income tax 11,979 7,442
Accrued salaries and benefits 140,221 167,336
Other liabilities 221,141 255,984
Total liabilities 5,546,527 5,506,392
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: 101,258,870 – 2016; 100,861,372 – 2015 202,518 201,723
Additional paid-in capital 333,965 326,656
Retained earnings 1,474,435 1,446,192
Accumulated other comprehensive income (loss) (Note 10) 35,997 (9,425)
Treasury stock - at cost (shares: 43,622,892 – 2016; 43,500,642 – 2015) (570,950) (567,105)
Total stockholders' equity $ 1,475,965 $ 1,398,041
Commitments and contingencies
Total liabilities and stockholders' equity $ 7,022,492 $ 6,904,433