XML 59 R2.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2011
Dec. 31, 2010
ASSETS    
Fixed maturities trading (amortized cost $2,345,620; $2,617,656) $ 2,445,589 $ 2,652,280
Equity securities trading (cost $388,417; $336,757) 380,388 359,606
Short-term investments (cost $236,433; $143,378) 236,444 143,371
Total investments 3,062,421 3,155,257
Cash 211,393 181,388
Receivables:    
Premiums 288,799 280,980
Accrued investment income 32,541 36,885
Other 11,320 10,076
Total receivables 332,660 327,941
Deferred policy acquisition costs 171,430 170,579
Fixed assets, net 177,760 196,505
Current income taxes 0 25,719
Deferred income taxes 6,511 26,499
Goodwill 42,850 42,850
Other intangible assets, net 53,749 60,124
Other assets 11,232 16,502
Total assets 4,070,006 4,203,364
LIABILITIES AND SHAREHOLDERS' EQUITY    
Losses and loss adjustment expenses 985,279 1,034,205
Unearned premiums 843,427 833,379
Notes payable 140,000 267,210
Accounts payable and accrued expenses 94,743 106,662
Current income taxes 67 0
Other liabilities 149,007 167,093
Total liabilities 2,212,523 2,408,549
Commitments and contingencies      
Shareholders' equity:    
Common stock without par value or stated value: Authorized 70,000 shares; issued and outstanding 54,856; 54,803 76,634 74,188
Additional paid-in capital 538 78
Accumulated other comprehensive loss 0 (740)
Retained earnings 1,780,311 1,721,289
Total shareholders' equity 1,857,483 1,794,815
Total liabilities and shareholders' equity $ 4,070,006 $ 4,203,364