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Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2019
Dec. 31, 2018
ASSETS    
Fixed income securities, held-to-maturity – at carrying value (fair value: $37,942 – 2019; $38,317 – 2018) $ 36,493 $ 37,110
Fixed income securities, available-for-sale – at fair value (amortized cost: $5,463,273 – 2019; $5,270,798 – 2018) 5,567,358 5,273,100
Equity securities – at fair value (cost: $143,376 – 2019; $138,144 – 2018) 163,016 147,639
Short-term investments (at cost which approximates fair value) 290,653 323,864
Other investments 176,225 178,938
Total investments (Note 4 and 6) 6,233,745 5,960,651
Cash 516 505
Restricted cash 9,998 16,414
Interest and dividends due or accrued 42,147 41,620
Premiums receivable, net of allowance for uncollectible accounts of: $9,600 – 2019; $9,400 – 2018 814,914 770,518
Reinsurance recoverable, net of allowance for uncollectible accounts of: $4,100 – 2019; $4,500 – 2018 553,206 549,172
Prepaid reinsurance premiums 155,700 157,723
Deferred federal income tax 32,130 53,540
Property and equipment – at cost, net of accumulated depreciation and amortization of: $216,071 – 2019; $211,657 – 2018 68,660 65,248
Deferred policy acquisition costs 260,754 252,612
Goodwill 7,849 7,849
Other assets 103,142 76,877
Total assets 8,282,761 7,952,729
Liabilities And Stockholders' Equity    
Reserve for loss and loss expense (Note 8) 3,966,509 3,893,868
Unearned premiums 1,470,283 1,431,932
Long-term debt 550,104 439,540
Current federal income tax 13,551 1,302
Accrued salaries and benefits 78,177 116,706
Other liabilities 278,915 277,579
Total liabilities 6,357,539 6,160,927
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: 103,225,716 – 2019; 102,848,394 – 2018 206,451 205,697
Additional paid-in capital 398,881 390,315
Retained earnings 1,908,119 1,858,414
Accumulated other comprehensive income (loss) (Note 11) 3,024 (77,956)
Treasury stock – at cost (shares: 44,002,811 – 2019; 43,899,840 – 2018) (591,253) (584,668)
Total stockholders' equity 1,925,222 1,791,802
Commitments and contingencies
Total liabilities and stockholders' equity $ 8,282,761 $ 7,952,729