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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2021
Dec. 31, 2020
ASSETS    
Fixed income securities, held-to-maturity, carrying value, Gross $ 27,035 $ 16,846
Fixed income securities, held-to-maturity, allowance for credit losses (79) (22)
Total HTM fixed income securities carrying value 26,956 16,824
Fixed income securities, available-for-sale, at fair value 6,626,400 6,455,928
Commercial mortgage loans, carrying value, Gross 72,034 46,306
Less: allowance for credit losses 0 0
Commercial mortgage loans, net of allowance for credit losses 72,034 46,306
Equity Securities, fair value 348,342 310,367
Short-term investments 351,230 409,852
Other investments 330,479 266,322
Total investments (Note 4 and 5) 7,755,441 7,505,599
Cash 450 394
Restricted cash 8,803 14,837
Interest and dividends due or accrued 46,069 45,004
Premiums receivable 1,006,250 857,014
Less: allowance for credit losses (Note 6) (18,300) (21,000)
Premiums receivable, net of allowance for credit losses 987,950 836,014
Reinsurance recoverable 598,658 589,269
Allowance for credit losses (1,777) (1,777)
Reinsurance recoverables, net of allowance for credit losses 596,881 587,492
Prepaid reinsurance premiums 177,663 170,531
Property and equipment, at cost, net of accumulated depreciation and amortization 75,142 77,696
Deferred policy acquisition costs 323,155 288,578
Goodwill 7,849 7,849
Other assets 188,468 153,919
Total assets 10,167,871 9,687,913
Liabilities And Stockholders' Equity    
Reserve for loss and loss expense (Note 8) 4,437,253 4,260,355
Unearned premiums 1,791,308 1,618,271
Long-term Debt 550,881 550,743
Current federal income tax 7,451 14,021
Deferred federal income tax 10,881 27,096
Accrued salaries and benefits 103,383 114,868
Other liabilities 375,347 363,670
Total liabilities 7,276,504 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: 104,371,083 - 2021; 104,032,912 - 2020 208,742 208,066
Additional paid-in capital 454,459 438,985
Retained Earnings 2,467,596 2,271,537
Accumulated Other Comprehensive Income (Note 11) 169,371 220,186
Treasury Stock, at cost. Shares: 44,264,847 - 2021; 44,127,109 - 2020. (Note 12) (608,801) (599,885)
Total stockholders' equity 2,891,367 2,738,889
Commitments and contingencies
Total liabilities and stockholders' equity $ 10,167,871 $ 9,687,913