XML 14 R2.htm IDEA: XBRL DOCUMENT v3.7.0.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2017
Dec. 31, 2016
ASSETS    
Fixed income securities, held-to-maturity – at carrying value (fair value: $75,540 – 2017; $105,211 – 2016) $ 72,514 $ 101,556
Fixed income securities, available-for-sale – at fair value (amortized cost: $4,923,005 – 2017; $4,753,759 – 2016) 5,018,722 4,792,540
Equity securities, available-for-sale – at fair value (cost: $131,463 – 2017; $120,889 – 2016) 161,694 146,753
Short-term investments (at cost which approximates fair value) 133,706 221,701
Other investments 116,411 102,397
Total investments (Note 4 and 6) 5,503,047 5,364,947
Cash 8,628 458
Interest and dividends due or accrued 40,231 40,164
Premiums receivable, net of allowance for uncollectible accounts of: $6,627 – 2017; $5,980 – 2016 764,340 681,611
Reinsurance recoverable, net of allowance for uncollectible accounts of: $5,200 – 2017; $5,500 – 2016 601,887 621,537
Prepaid reinsurance premiums 151,898 146,282
Current federal income tax 0 2,486
Deferred federal income tax 60,388 84,840
Property and equipment – at cost, net of accumulated depreciation and amortization of: $206,847 – 2017; $198,729 – 2016 66,255 69,576
Deferred policy acquisition costs 234,903 222,564
Goodwill 7,849 7,849
Other assets 88,778 113,534
Total assets 7,528,204 7,355,848
Liabilities And Stockholders' Equity    
Reserve for losses and loss expenses (Note 8) 3,731,221 3,691,719
Unearned premiums 1,352,068 1,262,819
Long-term debt 438,894 438,667
Current federal income tax 2,104 0
Accrued salaries and benefits 103,177 132,880
Other liabilities 248,184 298,393
Total liabilities 5,875,648 5,824,478
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: 102,150,866 – 2017; 101,620,436 – 2016 204,302 203,241
Additional paid-in capital 359,982 347,295
Retained earnings 1,641,820 1,568,881
Accumulated other comprehensive income (loss) (Note 11) 24,497 (15,950)
Treasury stock – at cost (shares: 43,788,147 – 2017; 43,653,237 – 2016) (578,045) (572,097)
Total stockholders' equity 1,652,556 1,531,370
Commitments and contingencies
Total liabilities and stockholders' equity $ 7,528,204 $ 7,355,848