v2.4.0.8
Condensed Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Jun. 30, 2013
Dec. 31, 2012
Investments    
Fixed maturities, available for sale, at fair value; amortized cost, $3,418,947 and $3,224,332, respectively $ 3,534,433 $ 3,447,999
Equity securities, trading, at fair value; cost, $221,674 and $187,891, respectively 256,832 202,618
Short-term investments 87,274 71,737
Business owned life insurance 53,289 52,414
Investment in unconsolidated subsidiaries 191,749 121,049
Other investments 33,311 31,085
Total Investments 4,156,888 3,926,902
Cash and cash equivalents 119,234 118,551
Premiums receivable 119,861 106,312
Receivable from reinsurers on paid losses and loss adjustment expenses 2,706 4,517
Receivable from reinsurers on unpaid losses and loss adjustment expenses 252,891 191,645
Prepaid reinsurance premiums 26,880 13,404
Deferred policy acquisition costs 27,424 23,179
Deferred Tax Assets, Net of Valuation Allowance 8,092 0
Real estate, net 41,613 41,502
Intangible assets 54,252 53,225
Goodwill 161,115 163,055
Other assets 141,089 234,286
Total Assets 5,112,045 4,876,578
Policy liabilities and accruals    
Reserve for losses and loss adjustment expenses 2,192,640 2,054,994
Unearned premiums 260,464 233,861
Reinsurance premiums payable 42,009 45,591
Total Policy Liabilities 2,495,113 2,334,446
Deferred tax liability 0 14,585
Other liabilities 155,144 131,967
Long-term debt, at amortized cost 125,000 125,000
Total Liabilities 2,775,257 2,605,998
Shareholders’ Equity    
Common shares, par value $0.01 per share, 100,000,000 shares authorized, 62,077,867 and 61,867,034 shares issued, respectively 621 619
Additional paid-in capital 345,845 341,780
Accumulated other comprehensive income (loss), net of deferred tax expense (benefit) of $40,420 and $78,284, respectively 75,062 145,380
Retained earnings 1,915,316 1,782,857
Total Shareholders' Equity Before Treasury Shares 2,336,844 2,270,636
Treasury shares, at cost, 243,530 shares (56) (56)
Total Shareholders’ Equity 2,336,788 2,270,580
Total Liabilities and Shareholders’ Equity $ 5,112,045 $ 4,876,578