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Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2018
Dec. 31, 2017
ASSETS    
Fixed income securities, held-to-maturity – at carrying value (fair value: $43,263 – 2018; $44,100 – 2017) $ 41,587 $ 42,129
Fixed income securities, available-for-sale – at fair value (amortized cost: $5,136,597 – 2018; $5,076,716 – 2017) 5,141,637 5,162,522
Equity securities – at fair value (cost: $144,016 – 2018) 168,842  
Equity securities, available-for-sale – at fair value (cost: $143,811 – 2017)   182,705
Short-term investments (at cost which approximates fair value) 182,980 165,555
Other investments 143,558 132,268
Total investments (Note 4 and 6) 5,678,604 5,685,179
Cash 674 534
Restricted cash 16,258 44,176
Interest and dividends due or accrued 41,957 40,897
Premiums receivable, net of allowance for uncollectible accounts of: $10,000 – 2018; $10,000 – 2017 766,313 747,029
Reinsurance recoverable, net of allowance for uncollectible accounts of: $4,500 – 2018; $4,600 – 2017 560,906 594,832
Prepaid reinsurance premiums 151,409 153,493
Current federal income tax 228 3,243
Deferred federal income tax 48,241 31,990
Property and equipment – at cost, net of accumulated depreciation and amortization of: $217,219 – 2018; $213,227 – 2017 62,047 63,959
Deferred policy acquisition costs 239,292 235,055
Goodwill 7,849 7,849
Other assets 86,171 78,195
Total assets 7,659,949 7,686,431
Liabilities And Stockholders' Equity    
Reserve for loss and loss expense (Note 8) 3,792,080 3,771,240
Unearned premiums 1,380,292 1,349,644
Short-term debt 55,000 0
Long-term debt 439,224 439,116
Accrued salaries and benefits 90,487 131,850
Other liabilities 243,070 281,624
Total liabilities 6,000,153 5,973,474
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: 102,640,117 – 2018; 102,284,564 – 2017 205,280 204,569
Additional paid-in capital 375,155 367,717
Retained earnings 1,731,832 1,698,613
Accumulated other comprehensive (loss) income (Note 11) (68,243) 20,170
Treasury stock – at cost (shares: 43,892,612 – 2018; 43,789,442 – 2017) (584,228) (578,112)
Total stockholders' equity 1,659,796 1,712,957
Commitments and contingencies
Total liabilities and stockholders' equity $ 7,659,949 $ 7,686,431