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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2018
Dec. 31, 2017
ASSETS    
Fixed income securities, held-to-maturity – at carrying value (fair value: $43,373 – 2018; $44,100 – 2017) $ 42,016 $ 42,129
Fixed income securities, available-for-sale – at fair value (amortized cost: $5,153,737 – 2018; $5,076,716 – 2017) 5,137,653 5,162,522
Equity securities – at fair value (cost: $150,638 – 2018) 176,578  
Equity securities, available-for-sale – at fair value (cost: $143,811 – 2017)   182,705
Short-term investments (at cost which approximates fair value) 164,118 165,555
Other investments 145,203 132,268
Total investments (Note 4 and 6) 5,665,568 5,685,179
Cash 4,876 534
Restricted cash 11,604 44,176
Interest and dividends due or accrued 40,978 40,897
Premiums receivable, net of allowance for uncollectible accounts of: $10,100 – 2018; $10,000 – 2017 821,173 747,029
Reinsurance recoverable, net of allowance for uncollectible accounts of: $4,700 – 2018; $4,600 – 2017 544,979 594,832
Prepaid reinsurance premiums 157,561 153,493
Current federal income tax 0 3,243
Deferred federal income tax 51,615 31,990
Property and equipment – at cost, net of accumulated depreciation and amortization of: $220,874 – 2018; $213,227 – 2017 62,731 63,959
Deferred policy acquisition costs 248,467 235,055
Goodwill 7,849 7,849
Other assets 88,272 78,195
Total assets 7,705,673 7,686,431
Liabilities And Stockholders' Equity    
Reserve for loss and loss expense (Note 8) 3,804,365 3,771,240
Unearned premiums 1,436,855 1,349,644
Long-term debt 439,331 439,116
Current federal income tax 5,090 0
Accrued salaries and benefits 85,372 131,850
Other liabilities 236,505 281,624
Total liabilities 6,007,518 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: 102,729,946 – 2018; 102,284,564 – 2017 205,460 204,569
Additional paid-in capital 381,641 367,717
Retained earnings 1,779,928 1,698,613
Accumulated other comprehensive (loss) income (Note 11) (84,517) 20,170
Treasury stock – at cost (shares: 43,894,894 – 2018; 43,789,442 – 2017) (584,357) (578,112)
Total stockholders' equity 1,698,155 1,712,957
Commitments and contingencies
Total liabilities and stockholders' equity $ 7,705,673 $ 7,686,431