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Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
ASSETS    
Fixed income securities, held-to-maturity, at carrying value $ 33,085 $ 28,850
Fixed income securities, held-to-maturity, allowance for credit losses (50) (65)
Fixed income securities, held-to-maturity, net of allowance for credit losses 33,035 28,785
Fixed income securities, available-for-sale, at fair value 6,598,822 6,709,976
Commercial mortgage loans at carrying value 115,893 95,795
Less: allowance for credit losses 0 0
Commercial mortgage loans, net of allowance for credit losses 115,893 95,795
Equity Securities, fair value 344,583 335,537
Short-term investments 256,712 447,863
Other investments 425,666 409,032
Total investments (Note 4 and 5) 7,774,711 8,026,988
Cash 410 455
Restricted cash 17,474 44,608
Accrued investment income 48,427 48,247
Premiums receivable 1,025,833 958,787
Less: allowance for credit losses (Note 6) (14,300) (13,600)
Premiums receivable, net of allowance for credit losses 1,011,533 945,187
Reinsurance recoverable 578,959 601,668
Allowance for credit losses (1,600) (1,600)
Reinsurance recoverable, net of allowance for credit losses 577,359 600,068
Prepaid reinsurance premiums 174,951 183,007
Current federal income tax 0 772
Deferred federal income tax 55,274 0
Property and equipment, at cost, net of accumulated depreciation and amortization 83,180 82,053
Deferred policy acquisition costs 341,689 326,915
Goodwill 7,849 7,849
Other assets 217,690 195,240
Total assets 10,310,547 10,461,389
Liabilities And Stockholders' Equity    
Reserve for loss and loss expense (Note 8) 4,644,391 4,580,903
Unearned premiums 1,872,666 1,803,207
Long-term Debt 505,566 506,050
Current federal income tax 16,473 0
Deferred federal income tax 0 13,413
Accrued salaries and benefits 90,584 121,057
Other liabilities 402,626 453,874
Total liabilities 7,532,306 7,478,504
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 - 2022 and 2021 200,000 200,000
Common stock of $2 par value per share: Authorized shares 360,000,000; Issued: 104,674,999 - 2022; 104,450,916 - 2021 209,336 208,902
Additional paid-in capital 472,790 464,347
Retained Earnings 2,640,437 2,603,472
Accumulated Other Comprehensive (Loss) Income (Note 11) (129,795) 115,099
Treasury Stock, at cost. Shares: 44,339,527 - 2022; 44,266,534 - 2021. (614,527) (608,935)
Total stockholders' equity 2,778,241 2,982,885
Commitments and contingencies
Total liabilities and stockholders' equity $ 10,310,547 $ 10,461,389