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Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Jun. 30, 2013
Dec. 31, 2012
ASSETS    
Fixed maturity securities, held-to-maturity – at carrying value (fair value: $507,625 – 2013; $594,661 – 2012) $ 479,507 $ 554,069
Fixed maturity securities, available-for-sale – at fair value (amortized cost: $3,363,994 – 2013 ; $3,130,683 – 2012) 3,419,811 3,296,013
Equity securities, available-for-sale – at fair value (cost: $142,434 – 2013; $132,441 – 2012) 172,064 151,382
Short-term investments (at cost which approximates fair value) 186,499 214,479
Other investments 109,077 114,076
Total investments 4,366,958 4,330,019
Cash 154 210
Interest and dividends due or accrued 36,376 35,984
Premiums receivable, net of allowance for uncollectible accounts of: $4,478 – 2013; $3,906 – 2012 568,523 484,388
Reinsurance recoverables, net 552,488 1,421,109
Prepaid reinsurance premiums 140,833 132,637
Current federal income tax 1,904 2,569
Deferred federal income tax 135,886 119,136
Property and equipment – at cost, net of accumulated depreciation and amortization of: $174,226 – 2013; $169,428 – 2012 48,841 47,131
Deferred policy acquisition costs 165,078 155,523
Goodwill 7,849 7,849
Other assets 87,737 57,661
Total assets 6,112,627 6,794,216
Liabilities And Stockholders' Equity    
Reserve for loss and loss expenses 3,270,114 4,068,941
Unearned premiums 1,048,011 974,706
Notes payable 392,400 307,387
Accrued salaries and benefits 102,223 152,396
Other liabilities 200,834 200,194
Total liabilities 5,013,582 5,703,624
Stockholders' Equity:    
Preferred stock of $0 par value per share: Authorized shares: 5,000,000; no shares issued or outstanding 0 0
Common stock of $2 par value per share Authorized shares: 360,000,000 Issued: 98,910,399 – 2013; 98,194,224 – 2012 197,821 196,388
Additional paid-in capital 282,014 270,654
Retained earnings 1,158,861 1,125,154
Accumulated other comprehensive income 19,278 54,040
Treasury stock - at cost (shares: 43,181,889 – 2013; 43,030,776 – 2012) (558,929) (555,644)
Total stockholders' equity 1,099,045 1,090,592
Commitments and contingencies      
Total liabilities and stockholders' equity $ 6,112,627 $ 6,794,216