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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2019
Dec. 31, 2018
ASSETS    
Fixed income securities, held-to-maturity – at carrying value (fair value: $33,855 – 2019; $38,317 – 2018) $ 32,364 $ 37,110
Fixed income securities, available-for-sale – at fair value (amortized cost: $5,571,491 – 2019; $5,270,798 – 2018) 5,757,898 5,273,100
Equity securities – at fair value (cost: $135,761 – 2019; $138,144 – 2018) 157,519 147,639
Short-term investments (at cost which approximates fair value) 291,365 323,864
Other investments 182,109 178,938
Total investments (Note 4 and 6) 6,421,255 5,960,651
Cash 504 505
Restricted cash 7,139 16,414
Interest and dividends due or accrued 43,137 41,620
Premiums receivable, net of allowance for uncollectible accounts of: $7,800 – 2019; $9,400 – 2018 877,708 770,518
Reinsurance recoverable, net of allowance for uncollectible accounts of: $4,400 – 2019; $4,500 – 2018 577,274 549,172
Prepaid reinsurance premiums 163,530 157,723
Deferred federal income tax 14,698 53,540
Property and equipment – at cost, net of accumulated depreciation and amortization of: $219,670 – 2019; $211,657 – 2018 73,678 65,248
Deferred policy acquisition costs 273,128 252,612
Goodwill 7,849 7,849
Other assets 115,705 76,877
Total assets 8,575,605 7,952,729
Liabilities And Stockholders' Equity    
Reserve for loss and loss expense (Note 8) 4,027,052 3,893,868
Unearned premiums 1,536,891 1,431,932
Long-term Debt 550,778  
Long-term Debt   439,540
Current federal income tax 3,182 1,302
Accrued salaries and benefits 87,582 116,706
Other liabilities 310,576 277,579
Total liabilities 6,516,061 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: 103,332,584 – 2019; 102,848,394 – 2018 206,665 205,697
Additional paid-in capital 407,382 390,315
Retained earnings 1,968,374 1,858,414
Accumulated other comprehensive income (loss) (Note 11) 68,506 (77,956)
Treasury stock – at cost (shares: 44,004,476 – 2019; 43,899,840 – 2018) (591,383) (584,668)
Total stockholders' equity 2,059,544 1,791,802
Commitments and contingencies
Total liabilities and stockholders' equity $ 8,575,605 $ 7,952,729