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Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2015
Dec. 31, 2014
ASSETS    
Fixed income securities, held-to-maturity – at carrying value (fair value: $240,388 – 2015; $333,961 – 2014) $ 229,869 $ 318,137
Fixed income securities, available-for-sale – at fair value (amortized cost: $4,273,771 – 2015; $3,975,786 – 2014) 4,351,046 4,066,122
Equity securities, available-for-sale – at fair value (cost: $220,820 – 2015; $159,011 – 2014) 221,951 191,400
Short-term investments (at cost which approximates fair value) 125,855 131,972
Other investments 85,146 99,203
Total investments 5,013,867 4,806,834
Cash 15,113 23,959
Interest and dividends due or accrued 38,009 38,901
Premiums receivable, net of allowance for uncollectible accounts of: $4,612 – 2015; $4,137 – 2014 653,966 558,778
Reinsurance recoverables, net 561,364 581,548
Prepaid reinsurance premiums 148,634 146,993
Deferred federal income tax 93,062 98,449
Property and equipment – at cost, net of accumulated depreciation and amortization of: $184,406 – 2015; $172,183 – 2014 65,657 59,416
Deferred policy acquisition costs 213,666 185,608
Goodwill 7,849 7,849
Other assets 86,930 73,215
Total assets 6,898,117 6,581,550
Liabilities And Stockholders' Equity    
Reserve for loss and loss expenses 3,517,751 3,477,870
Unearned premiums 1,218,884 1,095,819
Notes payable 394,309 379,297
Current federal income tax 12,607 3,921
Accrued salaries and benefits 158,044 158,382
Other liabilities 237,500 190,675
Total liabilities 5,539,095 5,305,964
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: 100,673,864 – 2015; 99,947,933 – 2014 201,348 199,896
Additional paid-in capital 320,987 305,385
Retained earnings 1,409,536 1,313,440
Accumulated other comprehensive (loss) income (6,039) 19,788
Treasury stock - at cost (shares: 43,492,212 – 2015; 43,353,181 – 2014) (566,810) (562,923)
Total stockholders' equity $ 1,359,022 $ 1,275,586
Commitments and contingencies
Total liabilities and stockholders' equity $ 6,898,117 $ 6,581,550