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Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2011
Dec. 31, 2010
Investments    
Held-to-maturity, at amortized cost (fair value $4,161 in 2011 and $6,422 in 2010) $ 4,143 $ 6,364
Available-for-sale, at fair value (amortized cost $2,562,786 in 2011 and $2,178,666 in 2010) 2,697,248 2,278,429
Equity securities, at fair value (cost $68,559 in 2011 and $54,139 in 2010) 159,451 149,706
Trading securities, at fair value (amortized cost $13,429 in 2011 and $12,322 in 2010) 13,454 12,886
Mortgage loans 4,829 6,497
Policy loans 7,209 7,875
Other long-term investments 20,574 20,041
Short-term investments 1,100 1,100
Total Investments 2,908,008 2,482,898
Cash and cash equivalents 144,527 180,057
Accrued investment income 32,219 28,977
Premiums receivable (net of allowance for doubtful accounts of $825 in 2011 and $1,001 in 2010) 172,348 124,459
Deferred policy acquisition costs 106,654 87,524
Property and equipment (primarily land and buildings, at cost, less accumulated depreciation of $35,248 in 2011 and $33,397 in 2010) 45,644 21,554
Reinsurance receivables and recoverables 128,574 46,731
Prepaid reinsurance premiums 6,191 1,586
Income taxes receivable 26,742 17,772
Goodwill and intangible assets 30,801 430
Other assets 17,216 15,451
TOTAL ASSETS 3,618,924 3,007,439
Liabilities    
Future policy benefits and losses, claims and loss settlement expenses - Property and casualty insurance 945,051 603,090
Life insurance 1,476,281 1,389,331
Unearned premiums 288,991 200,341
Accrued expenses and other liabilities 138,210 78,439
Deferred income taxes 13,624 19,814
Debt 45,000 0
Trust preferred securities 15,626 0
TOTAL LIABILITIES 2,922,783 2,291,015
Stockholders' Equity    
Common stock, $0.001 par value; authorized 75,000,000 shares; 25,505,350 and 26,195,552 shares issued and outstanding in 2011 and 2010, respectively 25 26
Additional paid-in-capital 213,045 223,439
Retained earnings 400,485 415,981
Accumulated other comprehensive income, net of tax 82,586 76,978
TOTAL STOCKHOLDERS' EQUITY 696,141 716,424
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 3,618,924 $ 3,007,439