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Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Sep. 30, 2012
Dec. 31, 2011
ASSETS    
Fixed maturities trading (amortized cost $2,318,100; $2,345,620) $ 2,468,717 $ 2,445,589
Equity securities trading (cost $458,690; $388,417) 470,813 380,388
Short-term investments (cost $221,163; $236,433) 221,083 236,444
Total investments 3,160,613 3,062,421
Cash 188,174 211,393
Receivables:    
Premiums 346,317 288,799
Accrued investment income 33,348 32,541
Other 12,102 11,320
Total receivables 391,767 332,660
Deferred policy acquisition costs 186,313 171,430
Fixed assets, net 165,169 177,760
Current income taxes 12,726 0
Deferred income taxes 0 6,511
Goodwill 42,850 42,850
Other intangible assets, net 49,105 53,749
Other assets 14,193 11,232
Total assets 4,210,910 4,070,006
LIABILITIES AND SHAREHOLDERS' EQUITY    
Losses and loss adjustment expenses 978,420 985,279
Unearned premiums 921,276 843,427
Notes payable 140,000 140,000
Accounts payable and accrued expenses 100,180 94,743
Current income taxes 0 67
Deferred income taxes 17,014 0
Other liabilities 160,187 149,007
Total liabilities 2,317,077 2,212,523
Commitments and contingencies      
Shareholders' equity:    
Common stock without par value or stated value: Authorized 70,000 shares; issued and outstanding 54,911; 54,856 79,063 76,634
Additional paid-in capital 635 538
Retained earnings 1,814,135 1,780,311
Total shareholders' equity 1,893,833 1,857,483
Total liabilities and shareholders' equity $ 4,210,910 $ 4,070,006