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Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2019
Dec. 31, 2018
ASSETS    
Fixed maturity securities (amortized cost $3,013,260; $2,969,541) $ 3,139,439 $ 2,985,161
Equity securities (cost $604,609; $544,082) 657,135 529,631
Short-term investments (cost $421,895; $254,518) 421,574 253,299
Total investments 4,218,148 3,768,091
Cash 315,370 314,291
Receivables:    
Premium 629,836 555,038
Accrued investment income 41,492 45,373
Other 5,554 6,132
Total receivables 676,882 606,543
Reinsurance recoverables 103,448 221,088
Deferred policy acquisition costs 237,694 215,131
Fixed assets (net of accumulated depreciation $372,876; $359,269) 168,294 153,023
Operating lease right-of-use assets 45,834  
Current income taxes 13,265 38,885
Deferred income taxes 0 13,339
Goodwill 42,796 42,796
Other intangible assets, net 11,903 15,534
Other assets 39,608 45,008
Total assets 5,873,242 5,433,729
Liabilities    
Loss and loss adjustment expense reserves 1,855,211 1,829,412
Unearned premiums 1,383,965 1,236,181
Notes payable 372,034 371,734
Accounts payable and accrued expenses 156,276 115,071
Operating lease liabilities 48,699  
Deferred income taxes 21,068 0
Other liabilities 233,445 263,647
Total liabilities 4,070,698 3,816,045
Commitments and contingencies
Shareholders’ equity:    
Common stock without par value or stated value: Authorized 70,000 shares; issued and outstanding 55,355; 55,340 98,683 98,026
Retained earnings 1,703,861 1,519,658
Total shareholders’ equity 1,802,544 1,617,684
Total liabilities and shareholders’ equity $ 5,873,242 $ 5,433,729