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Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2017
Dec. 31, 2016
ASSETS    
Fixed income securities, held-to-maturity – at carrying value (fair value: $67,716 – 2017; $105,211 – 2016) $ 64,989 $ 101,556
Fixed income securities, available-for-sale – at fair value (amortized cost: $5,026,735 – 2017; $4,753,759 – 2016) 5,133,432 4,792,540
Equity securities, available-for-sale – at fair value (cost: $145,984 – 2017; $120,889 – 2016) 175,272 146,753
Short-term investments (at cost which approximates fair value) 216,336 221,701
Other investments 120,806 102,397
Total investments (Note 4 and 6) 5,710,835 5,364,947
Cash 694 458
Interest and dividends due or accrued 40,754 40,164
Premiums receivable, net of allowance for uncollectible accounts of: $7,218 – 2017; $5,980 – 2016 769,786 681,611
Reinsurance recoverable, net of allowance for uncollectible accounts of: $4,700 – 2017; $5,500 – 2016 661,189 621,537
Prepaid reinsurance premiums 161,429 146,282
Current federal income tax 0 2,486
Deferred federal income tax 52,932 84,840
Property and equipment – at cost, net of accumulated depreciation and amortization of: $211,444 – 2017; $198,729 – 2016 66,339 69,576
Deferred policy acquisition costs 242,156 222,564
Goodwill 7,849 7,849
Other assets 98,167 113,534
Total assets 7,812,130 7,355,848
Liabilities And Stockholders' Equity    
Reserve for losses and loss expenses (Note 8) 3,835,800 3,691,719
Unearned premiums 1,393,821 1,262,819
Long-term debt 439,006 438,667
Current federal income tax 6,730 0
Accrued salaries and benefits 113,076 132,880
Other liabilities 324,345 298,393
Total liabilities 6,112,778 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: 102,180,302 – 2017; 101,620,436 – 2016 204,361 203,241
Additional paid-in capital 362,737 347,295
Retained earnings 1,679,041 1,568,881
Accumulated other comprehensive income (loss) (Note 11) 31,315 (15,950)
Treasury stock – at cost (shares: 43,789,249 – 2017; 43,653,237 – 2016) (578,102) (572,097)
Total stockholders' equity 1,699,352 1,531,370
Commitments and contingencies
Total liabilities and stockholders' equity $ 7,812,130 $ 7,355,848