XML 14 R2.htm IDEA: XBRL DOCUMENT v3.5.0.2
Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2016
Dec. 31, 2015
ASSETS    
Fixed income securities, held-to-maturity – at carrying value (fair value: $136,094 – 2016; $209,544 – 2015) $ 130,472 $ 201,354
Fixed income securities, available-for-sale – at fair value (amortized cost: $4,682,267 – 2016; $4,352,514 – 2015) 4,832,532 4,408,203
Equity securities, available-for-sale – at fair value (cost: $122,981 – 2016; $193,816 – 2015) 147,304 207,051
Short-term investments (at cost which approximates fair value) 169,604 194,819
Other investments 88,512 77,842
Total investments (Note 4) 5,368,424 5,089,269
Cash 1,493 898
Interest and dividends due or accrued 39,901 38,501
Premiums receivable, net of allowance for uncollectible accounts of: $5,907 – 2016; $4,422 – 2015 711,589 615,164
Reinsurance recoverables, net of allowance for uncollectible accounts of: $5,500 – 2016; $5,700 – 2015 640,012 561,968
Prepaid reinsurance premiums 151,981 140,889
Deferred federal income tax 41,656 92,696
Property and equipment – at cost, net of accumulated depreciation and amortization of: $198,171 – 2016; $188,548 – 2015 69,812 65,701
Deferred policy acquisition costs 235,934 213,159
Goodwill 7,849 7,849
Other assets 94,582 78,339
Total assets 7,363,233 6,904,433
Liabilities And Stockholders' Equity    
Reserve for loss and loss expenses 3,686,586 3,517,728
Unearned premiums 1,306,255 1,169,710
Short-term debt 45,000 60,000
Long-term debt 378,551 328,192
Current federal income tax 6,509 7,442
Accrued salaries and benefits 103,583 167,336
Other liabilities 261,845 255,984
Total liabilities 5,788,329 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: 101,505,201 – 2016; 100,861,372 – 2015 203,011 201,723
Additional paid-in capital 342,846 326,656
Retained earnings 1,538,928 1,446,192
Accumulated other comprehensive income (loss) (Note 10) 62,209 (9,425)
Treasury stock - at cost (shares: 43,653,034 – 2016; 43,500,642 – 2015) (572,090) (567,105)
Total stockholders' equity 1,574,904 1,398,041
Commitments and contingencies
Total liabilities and stockholders' equity $ 7,363,233 $ 6,904,433