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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
ASSETS    
Fixed Income Securities, Held-to-maturity, Allowance for Credit Loss $ (65) $ (22)
Debt Securities, Held-to-Maturity, Amortized Cost, after Allowance for Credit Loss 28,785 16,824
Total HTM fixed income securities carrying value 28,850 16,846
Fixed Income Securities, Available-for-sale, at fair value 6,709,976 6,455,928
Commercial mortgage loans, at carrying value, Gross 95,795 46,306
Commercial mortgage loans, Allowance for Credit Loss 0 0
Commercial mortgage loans, net of allowance for credit losses 95,795 46,306
Equity securities - at fair value 335,537 310,367
Short-term investments 447,863 409,852
Other investments 409,032 266,322
Total investments (Notes 5 and 7) 8,026,988 7,505,599
Cash 455 394
Restricted cash 44,608 14,837
Accrued investment income 48,247 45,004
Premiums Receivable, Gross 958,787 857,014
Premium Receivable, Allowance for Credit Loss (13,600) (21,000)
Premiums Receivable, Net of allowance for credit losses 945,187 836,014
Reinsurance Recoverables, Gross 601,668 589,269
Reinsurance Recoverable, Allowance for Credit Loss (1,600) (1,777)
Reinsurance Recoverable for Paid and Unpaid Claims and Claims Adjustments 600,068 587,492
Prepaid reinsurance premiums (Note 9) 183,007 170,531
Property, Plant and Equipment, Net 82,053 77,696
Deferred policy acquisition costs (Note 2) 326,915 288,578
Goodwill (Note 12) 7,849 7,849
Other assets 195,240 153,919
Current federal income tax (Note 14) 772 0
Total assets 10,461,389 9,687,913
LIABILITIES AND STOCKHOLDERS’ EQUITY    
Reserve for loss and loss expense (Note 10) 4,580,903 4,260,355
Unearned premiums 1,803,207 1,618,271
Long-term debt (Note 11) 506,050 550,743
Current federal income tax (Note 14) 0 14,021
Deferred federal income tax (Note 14) 13,413 27,096
Accrued salaries and benefits 121,057 114,868
Other liabilities 453,874 363,670
Total liabilities 7,478,504 6,949,024
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 - 2021; no shares issued or outstanding - 2020 200,000 200,000
Common stock of $2 par value per share Authorized shares: 360,000,000 Issued: 104,450,916 - 2021; 104,032,912 - 2020 208,902 208,066
Additional paid-in capital 464,347 438,985
Retained earnings 2,603,472 2,271,537
Accumulated other comprehensive income (Note 6) 115,099 220,186
Treasury Stock, at cost (608,935) (599,885)
Total stockholders’ equity 2,982,885 2,738,889
Commitments and contingencies (Notes 19 and 20)
Total liabilities and stockholders’ equity $ 10,461,389 $ 9,687,913