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Consolidated Balance Sheets (Unaudited) (USD $)
In Thousands, unless otherwise specified
Mar. 31, 2012
Dec. 31, 2011
Investments    
Held-to-maturity, at amortized cost (fair value $4,148 in 2012 and $4,161 in 2011) $ 4,072 $ 4,143
Available-for-sale, at fair value (amortized cost $2,661,561 in 2012 and $2,562,786 in 2011) 2,791,622 2,697,248
Equity securities, at fair value (cost $70,059 in 2012 and $68,559 in 2011) 176,057 159,451
Trading securities, at fair value (amortized cost $15,015 in 2012 and $13,429 in 2011) 15,230 13,454
Mortgage loans 4,781 4,829
Policy loans 7,168 7,209
Other long-term investments 22,154 20,574
Short-term investments 1,100 1,100
Total Investments 3,022,184 2,908,008
Cash and cash equivalents 74,000 144,527
Accrued investment income 32,563 32,219
Premiums receivable (net of allowance for doubtful accounts of $700 in 2012 and $825 in 2011) 186,908 172,348
Deferred policy acquisition costs 105,231 106,654
Property and equipment (primarily land and buildings, at cost, less accumulated depreciation of $35,275 in 2012 and $35,248 in 2011) 44,888 45,644
Reinsurance receivables and recoverables 150,520 128,574
Prepaid reinsurance premiums 3,541 6,191
Income taxes receivable 22,816 26,742
Goodwill and intangible assets 30,166 30,801
Other assets 14,525 17,216
TOTAL ASSETS 3,687,342 3,618,924
Liabilities    
Future policy benefits and losses, claims and loss settlement expenses - Property and casualty insurance 954,860 945,051
Future policy benefits and losses, claims and loss settlement expenses - Life insurance 1,493,772 1,476,281
Unearned premiums 304,219 288,991
Accrued expenses and other liabilities 143,288 138,210
Deferred income taxes 19,234 13,624
Debt 45,000 45,000
Trust preferred securities 7,579 15,626
TOTAL LIABILITIES 2,967,952 2,922,783
Stockholders' Equity    
Common stock, $0.001 par value; authorized 75,000,000 shares; 25,507,809 and 25,505,350 shares issued and outstanding in 2012 and 2011, respectively 26 25
Additional Paid In Capital 213,492 213,045
Retained earnings 415,843 400,485
Accumulated other comprehensive income, net of tax 90,029 82,586
TOTAL STOCKHOLDERS' EQUITY 719,390 696,141
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 3,687,342 $ 3,618,924