XML 30 R2.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Sep. 30, 2014
Dec. 31, 2013
ASSETS    
Fixed maturity securities (amortized cost $2,509,057; $2,523,042) $ 2,619,867 $ 2,560,653
Equity securities (cost $444,915; $223,933) 496,511 281,883
Short-term investments (cost $291,646; $315,886) 291,325 315,776
Total investments 3,407,703 3,158,312
Cash 279,681 266,508
Receivables:    
Premiums 395,688 366,075
Accrued investment income 38,171 36,120
Other 22,212 23,029
Total receivables 456,071 425,224
Deferred policy acquisition costs 201,438 194,466
Fixed assets, net 160,134 156,716
Deferred income taxes 0 15,220
Goodwill 42,796 42,796
Other intangible assets, net 37,118 41,603
Other assets 24,065 14,336
Total assets 4,609,006 4,315,181
LIABILITIES AND SHAREHOLDERS’ EQUITY    
Losses and loss adjustment expenses 1,062,913 1,038,984
Unearned premiums 1,012,619 953,527
Notes payable 290,000 190,000
Accounts payable and accrued expenses 141,897 127,663
Current income taxes 7,792 11,856
Deferred income taxes 5,306 0
Other liabilities 163,839 170,665
Total liabilities 2,684,366 2,492,695
Commitments and contingencies      
Shareholders’ equity:    
Common stock without par value or stated value: Authorized 70,000 shares; issued and outstanding 55,021; 54,975 83,666 81,591
Additional paid-in capital 3,046 411
Retained earnings 1,837,928 1,740,484
Total shareholders’ equity 1,924,640 1,822,486
Total liabilities and shareholders’ equity $ 4,609,006 $ 4,315,181