XML 32 R2.htm IDEA: XBRL DOCUMENT v3.19.3
Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2019
Dec. 31, 2018
ASSETS    
Fixed income securities, held-to-maturity – at carrying value (fair value: $28,356 – 2019; $38,317 – 2018) $ 26,925 $ 37,110
Fixed income securities, available-for-sale – at fair value (amortized cost: $5,706,656 – 2019; $5,270,798 – 2018) 5,930,237 5,273,100
Equity securities – at fair value (cost: $77,779 – 2019; $138,144 – 2018) 79,213 147,639
Short-term investments (at cost which approximates fair value) 326,121 323,864
Other investments 189,243 178,938
Total investments (Note 4 and 6) 6,551,739 5,960,651
Cash 516 505
Restricted cash 9,647 16,414
Interest and dividends due or accrued 42,975 41,620
Premiums receivable, net of allowance for uncollectible accounts of: $7,800 – 2019; $9,400 – 2018 860,480 770,518
Reinsurance recoverable, net of allowance for uncollectible accounts of: $4,400 – 2019; $4,500 – 2018 575,984 549,172
Prepaid reinsurance premiums 173,557 157,723
Deferred federal income tax 5,509 53,540
Property and equipment – at cost, net of accumulated depreciation and amortization of: $223,518 – 2019; $211,657 – 2018 76,423 65,248
Deferred policy acquisition costs 279,239 252,612
Goodwill 7,849 7,849
Other assets 135,488 76,877
Total assets 8,719,406 7,952,729
Liabilities And Stockholders' Equity    
Reserve for loss and loss expense (Note 8) 4,055,631 3,893,868
Unearned premiums 1,570,226 1,431,932
Long-term Debt 550,669  
Long-term Debt   439,540
Current federal income tax 2,656 1,302
Accrued salaries and benefits 100,445 116,706
Other liabilities 302,403 277,579
Total liabilities 6,582,030 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: 103,421,301 – 2019; 102,848,394 – 2018 206,843 205,697
Additional paid-in capital 412,347 390,315
Retained earnings 2,012,499 1,858,414
Accumulated other comprehensive income (loss) (Note 11) 98,426 (77,956)
Treasury stock – at cost (shares: 44,021,732 – 2019; 43,899,840 – 2018) (592,739) (584,668)
Total stockholders' equity 2,137,376 1,791,802
Commitments and contingencies
Total liabilities and stockholders' equity $ 8,719,406 $ 7,952,729