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Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Mar. 31, 2012
Dec. 31, 2011
ASSETS    
Fixed maturities trading (amortized cost $2,364,561; $2,345,620) $ 2,485,594 $ 2,445,589
Equity securities trading (cost $385,990; $388,417) 406,456 380,388
Short-term investments (cost $227,340; $236,433) 227,196 236,444
Total investments 3,119,246 3,062,421
Cash 204,701 211,393
Receivables:    
Premiums 309,910 288,799
Accrued investment income 33,649 32,541
Other 11,565 11,320
Total receivables 355,124 332,660
Deferred policy acquisition costs 175,392 171,430
Fixed assets, net 172,422 177,760
Deferred income taxes 0 6,511
Goodwill 42,850 42,850
Other intangible assets, net 52,201 53,749
Other assets 14,843 11,232
Total assets 4,136,779 4,070,006
LIABILITIES AND SHAREHOLDERS' EQUITY    
Losses and loss adjustment expenses 954,386 985,279
Unearned premiums 865,982 843,427
Notes payable 140,000 140,000
Accounts payable and accrued expenses 99,420 94,743
Current income taxes 5,292 67
Deferred income taxes 9,915 0
Other liabilities 163,224 149,007
Total liabilities 2,238,219 2,212,523
Commitments and contingencies      
Shareholders' equity:    
Common stock without par value or stated value: Authorized 70,000 shares; issued and outstanding 54,883; 54,856 77,833 76,634
Additional paid-in capital 538 538
Retained earnings 1,820,189 1,780,311
Total shareholders' equity 1,898,560 1,857,483
Total liabilities and shareholders' equity $ 4,136,779 $ 4,070,006