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Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Jun. 30, 2013
Dec. 31, 2012
ASSETS    
Fixed maturity securities (amortized cost $2,413,895; $2,270,903) $ 2,482,052 $ 2,408,354
Equity securities (cost $492,573; $475,959) 528,725 477,088
Short-term investments (cost $165,783; $294,607) 165,520 294,653
Total investments 3,176,297 3,180,095
Cash 180,331 158,183
Receivables:    
Premiums 356,061 345,387
Accrued investment income 33,783 31,109
Other 17,846 17,756
Total receivables 407,690 394,252
Deferred policy acquisition costs 189,599 185,910
Fixed assets, net 154,884 161,940
Current income taxes 0 7,058
Deferred income taxes 17,689 0
Goodwill 42,796 42,796
Other intangible assets, net 44,593 47,589
Other assets 17,941 11,863
Total assets 4,231,820 4,189,686
LIABILITIES AND SHAREHOLDERS’ EQUITY    
Losses and loss adjustment expenses 1,007,036 1,036,123
Unearned premiums 938,112 920,429
Notes payable 140,000 140,000
Accounts payable and accrued expenses 116,561 96,220
Current income taxes 2,395 0
Deferred income taxes 0 445
Other liabilities 193,848 153,972
Total liabilities 2,397,952 2,347,189
Commitments and contingencies      
Shareholders’ equity:    
Common stock without par value or stated value: Authorized 70,000 shares; issued and outstanding 54,959; 54,922 80,857 79,380
Retained earnings 1,753,011 1,763,117
Total shareholders’ equity 1,833,868 1,842,497
Total liabilities and shareholders’ equity $ 4,231,820 $ 4,189,686