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Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2020
Dec. 31, 2019
ASSETS    
Fixed income securities, held-to-maturity, carrying value $ 19,111 $ 20,800
Less: allowance for credit losses (24) 0
Fixed income securities, held-to-maturity, net of allowance for credit losses 19,087 20,800
Fixed income securities, available-for-sale, fair value 6,437,537 6,095,620
Commercial mortgage loans, carrying value 29,691 0
Less: allowance for credit losses (217) 0
Commercial mortgage loans, net of allowance for credit losses 29,474 0
Equity Securities, fair value 151,824 72,937
Short-term investments (at cost which approximates fair value) 380,890 282,490
Other investments 258,648 216,807
Total investments (Note 4 and 6) 7,277,460 6,688,654
Cash 785 300
Restricted cash 15,110 7,675
Interest and dividends due or accrued 46,392 44,846
Premiums receivable 872,082 830,301
Less: allowance for credit losses (Note 7) (21,000) (6,400)
Premiums receivable, net of allowance for credit losses 851,082 823,901
Reinsurance recoverable 613,287 577,635
Allowance for credit losses (1,831) (4,400)
Reinsurance recoverable, net of allowance for credit losses 611,456 573,235
Prepaid reinsurance premiums 179,415 166,705
Current federal income tax 6,563 0
Deferred federal income tax 0 6,776
Property and equipment, at cost, net of accumulated depreciation and amortization 78,443 77,409
Deferred policy acquisition costs 292,709 271,186
Goodwill 7,849 7,849
Other assets 147,662 128,614
Total assets 9,514,926 8,797,150
Liabilities And Stockholders' Equity    
Reserve for loss and loss expense (Note 9) 4,293,276 4,067,163
Unearned premiums 1,650,549 1,523,167
Short-term debt (Note 5) 167,000 0
Long-term Debt (Note 5) 550,566 550,597
Current federal income tax 0 2,987
Deferred federal income tax 20,400 0
Accrued salaries and benefits 93,076 126,753
Other liabilities 346,446 331,547
Total liabilities 7,121,313 6,602,214
Stockholders' Equity:    
Preferred stock of $0 par value per share 0 0
Common stock of $2 par value per share 207,923 206,968
Additional paid-in capital 438,874 418,521
Retained earnings 2,159,597 2,080,529
Accumulated other comprehensive income (Note 12) 187,090 81,750
Treasury Stock, cost (599,871) (592,832)
Total stockholders' equity 2,393,613 2,194,936
Commitments and contingencies
Total liabilities and stockholders' equity $ 9,514,926 $ 8,797,150