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Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2022
Dec. 31, 2021
ASSETS    
Fixed income securities, held-to-maturity - at carrying value $ 33,008 $ 28,850
Less: allowance for credit losses 0 (65)
Fixed income securities, held-to-maturity, net of allowance for credit losses 33,008 28,785
Fixed income securities, available-for-sale - at fair value 6,472,100 6,709,976
Commercial mortgage loans - at carrying value 145,209 95,795
Less: allowance for credit losses 0 0
Commercial mortgage loans, net of allowance for credit losses 145,209 95,795
Equity securities - at fair value 183,868 335,537
Short-term investments 269,302 447,863
Other investments 432,624 409,032
Total investments (Note 4 and 5) 7,536,111 8,026,988
Cash 538 455
Restricted cash 8,495 44,608
Accrued investment income 54,024 48,247
Premiums receivable 1,128,673 958,787
Less: allowance for credit losses (Note 6) (15,200) (13,600)
Premiums receivable, net of allowance for credit losses 1,113,473 945,187
Reinsurance recoverable, gross 714,731 601,668
Less: allowance for credit losses (Note 7) (1,600) (1,600)
Reinsurance recoverable, net of allowance for credit losses 713,131 600,068
Prepaid reinsurance premiums 178,708 183,007
Current federal income tax 24,565 772
Deferred federal income tax 164,557 0
Property and equipment - at cost, net of accumulated depreciation and amortization 85,333 82,053
Deferred policy acquisition costs 370,925 326,915
Goodwill 7,849 7,849
Other assets 262,772 195,240
Total assets 10,520,481 10,461,389
Liabilities    
Reserve for loss and loss expense (Note 8) 4,965,277 4,580,903
Unearned premiums 2,022,240 1,803,207
Long-term debt 505,151 506,050
Deferred federal income tax 0 13,413
Accrued salaries and benefits 112,227 121,057
Other liabilities 488,053 453,874
Total liabilities 8,092,948 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: 104,778,828 - 2022; 104,450,916 - 2021 209,558 208,902
Additional paid-in capital 486,239 464,347
Retained earnings 2,683,763 2,603,472
Accumulated other comprehensive (loss) income (Note 11) (525,011) 115,099
Treasury Stock, at cost (shares: 44,505,337 - 2022; 44,266,534 - 2021) (627,016) (608,935)
Total stockholders' equity 2,427,533 2,982,885
Commitments and contingencies
Total liabilities and stockholders' equity $ 10,520,481 $ 10,461,389
Preferred Stock [Member]    
Preferred stock, Par or Stated Value (in dollars per share) $ 0 $ 0