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Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Mar. 31, 2013
Dec. 31, 2012
ASSETS    
Fixed maturity securities (amortized cost $2,386,204; $2,270,903) $ 2,513,418 $ 2,408,354
Equity securities (cost $484,102; $475,959) 539,258 477,088
Short-term investments (cost $152,184; $294,607) 152,081 294,653
Total investments 3,204,757 3,180,095
Cash 185,042 158,183
Receivables:    
Premiums 368,303 345,387
Accrued investment income 33,778 31,109
Other 16,306 17,756
Total receivables 418,387 394,252
Deferred policy acquisition costs 190,844 185,910
Fixed assets, net 158,284 161,940
Current income taxes 0 7,058
Goodwill 42,796 42,796
Other intangible assets, net 46,090 47,589
Other assets 25,966 11,863
Total assets 4,272,166 4,189,686
LIABILITIES AND SHAREHOLDERS' EQUITY    
Losses and loss adjustment expenses 1,009,418 1,036,123
Unearned premiums 948,373 920,429
Notes payable 140,000 140,000
Accounts payable and accrued expenses 113,090 96,220
Current income taxes 4,726 0
Deferred income taxes 12,755 445
Other liabilities 168,458 153,972
Total liabilities 2,396,820 2,347,189
Commitments and contingencies      
Shareholders' equity:    
Common stock without par value or stated value: Authorized 70,000 shares; issued and outstanding 54,922; 54,922 79,409 79,380
Retained earnings 1,795,937 1,763,117
Total shareholders’ equity 1,875,346 1,842,497
Total liabilities and shareholders’ equity $ 4,272,166 $ 4,189,686