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Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Sep. 30, 2013
Dec. 31, 2012
ASSETS    
Fixed maturity securities (amortized cost $2,481,651; $2,270,903) $ 2,538,514 $ 2,408,354
Equity securities (cost $267,614; $475,959) 336,367 477,088
Short-term investments (cost $251,550; $294,607) 251,449 294,653
Total investments 3,126,330 3,180,095
Cash 250,061 158,183
Receivables:    
Premiums 372,818 345,387
Accrued investment income 35,316 31,109
Other 18,399 17,756
Total receivables 426,533 394,252
Deferred policy acquisition costs 196,284 185,910
Fixed assets, net 154,467 161,940
Current income taxes 0 7,058
Deferred income taxes 26,437 0
Goodwill 42,796 42,796
Other intangible assets, net 43,098 47,589
Other assets 74,450 11,863
Total assets 4,340,456 4,189,686
LIABILITIES AND SHAREHOLDERS’ EQUITY    
Losses and loss adjustment expenses 1,010,534 1,036,123
Unearned premiums 967,320 920,429
Notes payable 180,000 140,000
Accounts payable and accrued expenses 133,973 96,220
Current income taxes 26,324 0
Deferred income taxes 0 445
Other liabilities 182,150 153,972
Total liabilities 2,500,301 2,347,189
Commitments and contingencies      
Shareholders’ equity:    
Common stock without par value or stated value: Authorized 70,000 shares; issued and outstanding 54,960; 54,922 81,109 79,380
Additional paid-in capital 128 0
Retained earnings 1,758,918 1,763,117
Total shareholders’ equity 1,840,155 1,842,497
Total liabilities and shareholders’ equity $ 4,340,456 $ 4,189,686