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Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Mar. 31, 2014
Dec. 31, 2013
ASSETS    
Fixed maturity securities (amortized cost $2,559,019; $2,523,042) $ 2,633,232 $ 2,560,653
Equity securities (cost $312,850; $223,933) 379,912 281,883
Short-term investments (cost $303,680; $315,886) 303,560 315,776
Total investments 3,316,704 3,158,312
Cash 238,832 266,508
Receivables:    
Premiums 392,523 366,075
Accrued investment income 36,572 36,120
Other 21,448 23,029
Total receivables 450,543 425,224
Deferred policy acquisition costs 201,318 194,466
Fixed assets, net 155,954 156,716
Deferred income taxes 0 15,220
Goodwill 42,796 42,796
Other intangible assets, net 40,108 41,603
Other assets 29,864 14,336
Total assets 4,476,119 4,315,181
LIABILITIES AND SHAREHOLDERS’ EQUITY    
Losses and loss adjustment expenses 1,044,045 1,038,984
Unearned premiums 993,522 953,527
Notes payable 270,000 190,000
Accounts payable and accrued expenses 112,146 127,663
Current income taxes 4,961 11,856
Deferred income taxes 2,318 0
Other liabilities 187,321 170,665
Total liabilities 2,614,313 2,492,695
Commitments and contingencies      
Shareholders’ equity:    
Common stock without par value or stated value: Authorized 70,000 shares; issued and outstanding 54,978; 54,975 81,710 81,591
Additional paid-in capital 774 411
Retained earnings 1,779,322 1,740,484
Total shareholders’ equity 1,861,806 1,822,486
Total liabilities and shareholders’ equity $ 4,476,119 $ 4,315,181