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Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2018
Dec. 31, 2017
ASSETS    
Fixed maturity securities (amortized cost $2,951,571; $2,823,230) $ 2,952,871 $ 2,892,777
Equity securities (cost $619,444; $474,197) 688,387 537,240
Short-term investments (cost $263,037; $302,693) 262,806 302,711
Total investments 3,904,064 3,732,728
Cash 261,680 291,413
Receivables:    
Premium 558,004 474,060
Accrued investment income 48,021 39,368
Other 6,077 6,658
Total receivables 612,102 520,086
Reinsurance recoverables 53,419 56,349
Deferred policy acquisition costs 216,480 198,151
Fixed assets (net of accumulated depreciation $354,967; $340,523) 149,719 145,223
Current income taxes 27,012 61,257
Goodwill 42,796 42,796
Other intangible assets, net 16,901 20,728
Other assets 28,864 32,592
Total assets 5,313,037 5,101,323
Liabilities    
Loss and loss adjustment expense reserves 1,580,054 1,510,613
Unearned premiums 1,240,776 1,101,927
Notes payable 371,635 371,335
Accounts payable and accrued expenses 138,643 108,252
Deferred income taxes 7,146 22,932
Other liabilities 240,553 224,877
Total liabilities 3,578,807 3,339,936
Commitments and contingencies
Shareholders’ equity:    
Common stock without par value or stated value: Authorized 70,000 shares; issued and outstanding 55,340; 55,332 97,967 97,523
Retained earnings 1,636,263 1,663,864
Total shareholders’ equity 1,734,230 1,761,387
Total liabilities and shareholders’ equity $ 5,313,037 $ 5,101,323