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Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2014
Dec. 31, 2013
ASSETS    
Fixed income securities, held-to-maturity – at carrying value (fair value: $333,961 – 2014; $416,981 – 2013) $ 318,137us-gaap_HeldToMaturitySecurities $ 392,879us-gaap_HeldToMaturitySecurities
Fixed income securities, available-for-sale – at fair value (amortized cost: $3,975,786 – 2014; $3,675,977 – 2013) 4,066,122us-gaap_AvailableForSaleSecuritiesDebtSecurities 3,715,536us-gaap_AvailableForSaleSecuritiesDebtSecurities
Equity securities, available-for-sale – at fair value (cost: $159,011 – 2014; $155,350 – 2013) 191,400us-gaap_AvailableForSaleSecuritiesEquitySecurities 192,771us-gaap_AvailableForSaleSecuritiesEquitySecurities
Short-term investments (at cost which approximates fair value) 131,972us-gaap_OtherShortTermInvestments 174,251us-gaap_OtherShortTermInvestments
Other investments 99,203us-gaap_OtherInvestments 107,875us-gaap_OtherInvestments
Total investments (Note 5) 4,806,834us-gaap_Investments 4,583,312us-gaap_Investments
Cash 23,959us-gaap_Cash 193us-gaap_Cash
Interest and dividends due or accrued 38,901us-gaap_AccruedInvestmentIncomeReceivable 37,382us-gaap_AccruedInvestmentIncomeReceivable
Premiums receivable, net of allowance for uncollectible accounts of: $4,137 – 2014; $4,442 – 2013 558,778us-gaap_PremiumsReceivableAtCarryingValue 524,870us-gaap_PremiumsReceivableAtCarryingValue
Reinsurance Recoverables, net (Note 8) 581,548us-gaap_ReinsuranceRecoverables 550,897us-gaap_ReinsuranceRecoverables
Prepaid reinsurance premiums (Note 8) 146,993us-gaap_PrepaidReinsurancePremiums 143,000us-gaap_PrepaidReinsurancePremiums
Current federal income tax (Note 14) 0us-gaap_IncomeTaxReceivable 512us-gaap_IncomeTaxReceivable
Deferred federal income tax (Note 14) 98,449us-gaap_DeferredTaxAssetsNet 122,613us-gaap_DeferredTaxAssetsNet
Property and equipment – at cost, net of accumulated depreciation and amortization of: $172,183 – 2014; $179,192 – 2013 59,416us-gaap_PropertyPlantAndEquipmentNet 50,834us-gaap_PropertyPlantAndEquipmentNet
Deferred policy acquisition costs (Note 3) 185,608us-gaap_DeferredPolicyAcquisitionCosts 172,981us-gaap_DeferredPolicyAcquisitionCosts
Goodwill (Note 11) 7,849us-gaap_Goodwill 7,849us-gaap_Goodwill
Other assets 73,215us-gaap_OtherAssets 75,727us-gaap_OtherAssets
Total assets 6,581,550us-gaap_Assets 6,270,170us-gaap_Assets
LIABILITIES AND STOCKHOLDERS’ EQUITY    
Reserve for losses and loss expenses (Note 9) 3,477,870us-gaap_LiabilityForClaimsAndClaimsAdjustmentExpensePropertyCasualtyLiability 3,349,770us-gaap_LiabilityForClaimsAndClaimsAdjustmentExpensePropertyCasualtyLiability
Unearned premiums 1,095,819us-gaap_UnearnedPremiums 1,059,155us-gaap_UnearnedPremiums
Notes payable (Note 10) 379,297us-gaap_LongTermDebt 392,414us-gaap_LongTermDebt
Current federal income tax (Note 14) 3,921us-gaap_AccruedIncomeTaxesCurrent 0us-gaap_AccruedIncomeTaxesCurrent
Accrued salaries and benefits 158,382us-gaap_AccruedSalariesCurrentAndNoncurrent 111,427us-gaap_AccruedSalariesCurrentAndNoncurrent
Other liabilities 190,675us-gaap_OtherLiabilities 203,476us-gaap_OtherLiabilities
Total liabilities 5,305,964us-gaap_Liabilities 5,116,242us-gaap_Liabilities
Stockholders’ Equity:    
Preferred stock of $0 par value per share: Authorized shares: 5,000,000; no shares issued or outstanding 0us-gaap_PreferredStockValue 0us-gaap_PreferredStockValue
Common stock of $2 par value per share Authorized shares: 360,000,000 Issued: 99,947,933 - 2014; 99,120,235 - 2013 199,896us-gaap_CommonStockValue 198,240us-gaap_CommonStockValue
Additional paid-in capital 305,385us-gaap_AdditionalPaidInCapitalCommonStock 288,182us-gaap_AdditionalPaidInCapitalCommonStock
Retained earnings 1,313,440us-gaap_RetainedEarningsAccumulatedDeficit 1,202,015us-gaap_RetainedEarningsAccumulatedDeficit
Accumulated other comprehensive income (Note 6) 19,788us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax 24,851us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax
Treasury stock – at cost (shares: 43,353,181 – 2014; 43,198,622 – 2013) (562,923)us-gaap_TreasuryStockValue (559,360)us-gaap_TreasuryStockValue
Total stockholders’ equity 1,275,586us-gaap_StockholdersEquity 1,153,928us-gaap_StockholdersEquity
Commitments and contingencies (Notes 18 and 19)      
Total liabilities and stockholders’ equity $ 6,581,550us-gaap_LiabilitiesAndStockholdersEquity $ 6,270,170us-gaap_LiabilitiesAndStockholdersEquity