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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2022
Dec. 31, 2021
ASSETS    
Fixed income securities, held-to-maturity - at carrying value $ 32,149 $ 28,850
Less: allowance for credit losses (55) (65)
Fixed income securities, held-to-maturity, net of allowance for credit losses 32,094 28,785
Fixed income securities, available-for-sale, at fair value 6,439,278 6,709,976
Commercial mortgage loans -at carrying value 137,217 95,795
Less: allowance for credit losses 0 0
Commercial mortgage loans, net of allowance for credit losses 137,217 95,795
Equity Securities, fair value 258,515 335,537
Short-term investments 289,219 447,863
Other investments 429,546 409,032
Total investments (Note 4 and 5) 7,585,869 8,026,988
Cash 401 455
Restricted cash 7,165 44,608
Accrued investment income 50,371 48,247
Premiums receivable 1,132,318 958,787
Less: allowance for credit losses (Note 6) (14,900) (13,600)
Premiums receivable, net of allowance for credit losses 1,117,418 945,187
Reinsurance recoverable, gross 573,830 601,668
Less: Allowance for credit losses (Note 7) (1,600) (1,600)
Reinsurance recoverable, net of allowance for credit losses 572,230 600,068
Prepaid reinsurance premiums 174,575 183,007
Current federal income tax 15,568 772
Deferred federal income tax 109,467 0
Property and equipment, at cost, net of accumulated depreciation and amortization 83,367 82,053
Deferred policy acquisition costs 359,379 326,915
Goodwill 7,849 7,849
Other assets 234,014 195,240
Total assets 10,317,673 10,461,389
Liabilities    
Reserve for loss and loss expense (Note 8) 4,722,179 4,580,903
Unearned premiums 1,968,592 1,803,207
Long-term Debt 505,069 506,050
Deferred federal income tax 0 13,413
Accrued salaries and benefits 102,527 121,057
Other liabilities 425,216 453,874
Total liabilities 7,723,583 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: 104,753,108 - 2022; 104,450,916 - 2021 209,506 208,902
Additional paid-in capital 481,380 464,347
Retained Earnings 2,660,584 2,603,472
Accumulated Other Comprehensive (Loss) Income (Note 11) (336,370) 115,099
Treasury Stock, at cost. Shares: 44,425,374 - 2022; 44,266,534 - 2021. (621,010) (608,935)
Total stockholders' equity 2,594,090 2,982,885
Commitments and contingencies
Total liabilities and stockholders' equity $ 10,317,673 $ 10,461,389
Preferred Stock [Member]    
Preferred stock, Par or Stated Value (in dollars per share) $ 0 $ 0