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Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2021
Dec. 31, 2020
ASSETS    
Fixed income securities, held-to-maturity, net of allowance for credit losses $ 25,323 $ 16,846
Fixed income securities, held-to-maturity, allowance for credit losses (71) (22)
Total HTM fixed income securities carrying value 25,252 16,824
Fixed income securities, available-for-sale, at fair value 6,677,070 6,455,928
Commercial mortgage loans, carrying value, Gross 83,993 46,306
Less: allowance for credit losses 0 0
Commercial mortgage loans, net of allowance for credit losses 83,993 46,306
Equity Securities, fair value 324,186 310,367
Short-term investments 355,937 409,852
Other investments 392,788 266,322
Total investments (Note 4 and 5) 7,859,226 7,505,599
Cash 477 394
Restricted cash 34,312 14,837
Interest and dividends due or accrued 46,082 45,004
Premiums receivable 1,001,331 857,014
Less: allowance for credit losses (Note 6) (16,500) (21,000)
Premiums receivable, net of allowance for credit losses 984,831 836,014
Reinsurance recoverable 687,812 589,269
Allowance for credit losses (1,595) (1,777)
Reinsurance recoverables, net of allowance for credit losses 686,217 587,492
Prepaid reinsurance premiums 187,969 170,531
Current federal income tax 1,220 0
Property and equipment, at cost, net of accumulated depreciation and amortization 75,014 77,696
Deferred policy acquisition costs 333,995 288,578
Goodwill 7,849 7,849
Other assets 224,982 153,919
Total assets 10,442,174 9,687,913
Liabilities And Stockholders' Equity    
Reserve for loss and loss expense (Note 8) 4,610,340 4,260,355
Unearned premiums 1,847,273 1,618,271
Long-term Debt 500,904 550,743
Current federal income tax 0 14,021
Deferred federal income tax 3,215 27,096
Accrued salaries and benefits 113,708 114,868
Other liabilities 444,638 363,670
Total liabilities 7,520,078 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: 104,389,125 - 2021; 104,032,912 - 2020 208,778 208,066
Additional paid-in capital 458,143 438,985
Retained Earnings 2,523,810 2,271,537
Accumulated Other Comprehensive Income (Note 11) 140,224 220,186
Treasury Stock, at cost. Shares: 44,265,590 - 2021; 44,127,109 - 2020. (Note 12) (608,859) (599,885)
Total stockholders' equity 2,922,096 2,738,889
Commitments and contingencies
Total liabilities and stockholders' equity $ 10,442,174 $ 9,687,913