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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2020
Dec. 31, 2019
ASSETS    
Fixed Income Securities, Held-to-maturity, at carrying value, Gross $ 16,846 $ 20,800
Fixed Income Securities, Held-to-maturity, Allowance for Credit Loss (22) 0
Total HTM fixed income securities carrying value 16,824 20,800
Fixed Income Securities, Available-for-sale, at fair value 6,455,928 6,095,620
Commercial mortgage loans, at carrying value, Gross 46,306 0
Commercial mortgage loans, Allowance for Credit Loss 0 0
Commercial mortgage loans, net of allowance for credit losses 46,306 0
Equity securities - at fair value 310,367 72,937
Short-term investments 409,852 282,490
Other investments 266,322 216,807
Total investments (Notes 5 and 7) 7,505,599 6,688,654
Cash 394 300
Restricted cash 14,837 7,675
Interest and dividends due or accrued 45,004 44,846
Premiums Receivable, Gross 857,014 830,301
Premium Receivable, Allowance for Credit Loss (21,000) (6,400)
Premiums Receivable, Net of allowance for credit losses 836,014 823,901
Reinsurance Recoverables, Gross 589,269 577,635
Reinsurance Recoverable, Allowance for Credit Loss (1,777) (4,400)
Reinsurance Recoverables, net of allowance for credit losses 587,492 573,235
Prepaid reinsurance premiums (Note 9) 170,531 166,705
Deferred federal income tax (Note 14) 0 6,776
Property, Plant and Equipment, Net 77,696 77,409
Deferred policy acquisition costs (Note 2) 288,578 271,186
Goodwill (Note 12) 7,849 7,849
Other assets 153,919 128,614
Total assets 9,687,913 8,797,150
LIABILITIES AND STOCKHOLDERS’ EQUITY    
Reserve for loss and loss expense (Note 10) 4,260,355 4,067,163
Unearned premiums 1,618,271 1,523,167
Long-term debt (Note 11) 550,743 550,597
Current federal income tax 14,021 2,987
Deferred federal income tax (Note 14) 27,096 0
Accrued salaries and benefits 114,868 126,753
Other liabilities 363,670 331,547
Total liabilities 6,949,024 6,602,214
Stockholders’ Equity:    
Preferred stock of $0 par value per share (Note 17): Authorized shares: 5,000,000; Issued shares: 8,000 with $25,000 liquidation preference per share - 2020; no shares issued or outstanding - 2019 200,000 0
Common stock of $2 par value per share Authorized shares: 360,000,000 Issued: 104,032,912 - 2020; 103,484,159 - 2019 208,066 206,968
Additional paid-in capital 438,985 418,521
Retained earnings 2,271,537 2,080,529
Accumulated other comprehensive income (Note 6) 220,186 81,750
Treasury Stock, at cost (599,885) (592,832)
Total stockholders’ equity 2,738,889 2,194,936
Commitments and contingencies (Notes 19 and 20)
Total liabilities and stockholders’ equity $ 9,687,913 $ 8,797,150