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Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2021
Dec. 31, 2020
ASSETS    
Fixed income securities, held-to-maturity, carrying value, Gross $ 24,370 $ 16,846
Fixed income securities, held-to-maturity, allowance for credit losses (26) (22)
Total HTM fixed income securities carrying value 24,344 16,824
Fixed income securities, available-for-sale, at fair value 6,521,641 6,455,928
Commercial mortgage loans, carrying value, Gross 61,066 46,306
Less: allowance for credit losses 0 0
Commercial mortgage loans, net of allowance for credit losses 61,066 46,306
Equity Securities, fair value 324,255 310,367
Short-term investments 337,807 409,852
Other investments 290,153 266,322
Total investments (Note 4 and 5) 7,559,266 7,505,599
Cash 488 394
Restricted cash 8,428 14,837
Interest and dividends due or accrued 46,072 45,004
Premiums receivable 916,196 857,014
Less: allowance for credit losses (Note 6) (21,000) (21,000)
Premiums receivable, net of allowance for credit losses 895,196 836,014
Reinsurance recoverable 582,696 589,269
Allowance for credit losses (1,840) (1,777)
Reinsurance recoverables, net of allowance for credit losses 580,856 587,492
Prepaid reinsurance premiums 168,575 170,531
Property and equipment, at cost, net of accumulated depreciation and amortization 76,096 77,696
Deferred policy acquisition costs 302,652 288,578
Goodwill 7,849 7,849
Other assets 203,134 153,919
Total assets 9,848,612 9,687,913
Liabilities And Stockholders' Equity    
Reserve for loss and loss expense (Note 8) 4,360,188 4,260,355
Unearned premiums 1,689,533 1,618,271
Long-term Debt 550,904 550,743
Current federal income tax 41,983 14,021
Deferred federal income tax 2,311 27,096
Accrued salaries and benefits 83,652 114,868
Other liabilities 375,996 363,670
Total liabilities 7,104,567 6,949,024
Stockholders' Equity:    
Preferred stock of $0 par value per share: Authorized shares 5,000,000; Issued shares: 8,000 with $25,000 liquidation preference per share - 2021 and 2020 200,000 200,000
Common stock of $2 par value per share: Authorized shares 360,000,000; Issued: 104,287,791 - 2021; 104,032,912 - 2020 208,576 208,066
Additional paid-in capital 446,410 438,985
Retained Earnings 2,363,189 2,271,537
Accumulated Other Comprehensive Income (Note 11) 134,600 220,186
Treasury Stock, at cost. Shares: 44,263,908 - 2021; 44,127,109 - 2020. (Note 12) (608,730) (599,885)
Total stockholders' equity 2,744,045 2,738,889
Commitments and contingencies
Total liabilities and stockholders' equity $ 9,848,612 $ 9,687,913