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Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Jun. 30, 2014
Dec. 31, 2013
ASSETS    
Fixed maturity securities (amortized cost $2,597,393; $2,523,042) $ 2,704,628 $ 2,560,653
Equity securities (cost $379,951; $223,933) 455,542 281,883
Short-term investments (cost $229,665; $315,886) 229,412 315,776
Total investments 3,389,582 3,158,312
Cash 258,473 266,508
Receivables:    
Premiums 384,388 366,075
Accrued investment income 39,254 36,120
Other 21,462 23,029
Total receivables 445,104 425,224
Deferred policy acquisition costs 199,217 194,466
Fixed assets, net 157,428 156,716
Deferred income taxes 0 15,220
Goodwill 42,796 42,796
Other intangible assets, net 38,613 41,603
Other assets 31,187 14,336
Total assets 4,562,400 4,315,181
LIABILITIES AND SHAREHOLDERS’ EQUITY    
Losses and loss adjustment expenses 1,053,030 1,038,984
Unearned premiums 993,462 953,527
Notes payable 270,000 190,000
Accounts payable and accrued expenses 120,839 127,663
Current income taxes 24,476 11,856
Deferred income taxes 12,962 0
Other liabilities 163,968 170,665
Total liabilities 2,638,737 2,492,695
Commitments and contingencies      
Shareholders’ equity:    
Common stock without par value or stated value: Authorized 70,000 shares; issued and outstanding 54,979; 54,975 81,784 81,591
Additional paid-in capital 1,410 411
Retained earnings 1,840,469 1,740,484
Total shareholders’ equity 1,923,663 1,822,486
Total liabilities and shareholders’ equity $ 4,562,400 $ 4,315,181