XML 33 R2.htm IDEA: XBRL DOCUMENT v2.4.1.9
Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Mar. 31, 2015
Dec. 31, 2014
ASSETS    
Fixed maturity securities (amortized cost $2,772,702; $2,503,494) $ 2,888,943us-gaap_TradingSecuritiesDebt $ 2,618,400us-gaap_TradingSecuritiesDebt
Equity securities (cost $362,124; $387,851) 380,816us-gaap_TradingSecuritiesEquity 412,880us-gaap_TradingSecuritiesEquity
Short-term investments (cost $174,040; $373,180) 173,604us-gaap_ShortTermInvestments 372,542us-gaap_ShortTermInvestments
Total investments 3,443,363us-gaap_Investments 3,403,822us-gaap_Investments
Cash 234,576us-gaap_Cash 289,907us-gaap_Cash
Receivables:    
Premiums 417,323us-gaap_PremiumsReceivableAtCarryingValue 390,009us-gaap_PremiumsReceivableAtCarryingValue
Accrued investment income 40,828us-gaap_AccruedInvestmentIncomeReceivable 38,737us-gaap_AccruedInvestmentIncomeReceivable
Other 21,744us-gaap_OtherReceivables 21,202us-gaap_OtherReceivables
Total receivables 479,895us-gaap_PremiumsAndOtherReceivablesNet 449,948us-gaap_PremiumsAndOtherReceivablesNet
Deferred policy acquisition costs 199,101us-gaap_DeferredPolicyAcquisitionCosts 197,202us-gaap_DeferredPolicyAcquisitionCosts
Fixed assets, net 156,989us-gaap_PropertyPlantAndEquipmentNet 158,976us-gaap_PropertyPlantAndEquipmentNet
Current income taxes 2,817us-gaap_IncomeTaxReceivable 503us-gaap_IncomeTaxReceivable
Deferred income taxes 326us-gaap_DeferredTaxAssetsNet 0us-gaap_DeferredTaxAssetsNet
Goodwill 42,796us-gaap_Goodwill 42,796us-gaap_Goodwill
Other intangible assets, net 35,528us-gaap_IntangibleAssetsNetExcludingGoodwill 35,623us-gaap_IntangibleAssetsNetExcludingGoodwill
Other assets 22,666us-gaap_OtherAssets 21,512us-gaap_OtherAssets
Total assets 4,618,057us-gaap_Assets 4,600,289us-gaap_Assets
Liabilities    
Losses and loss adjustment expenses 1,105,877us-gaap_LiabilityForClaimsAndClaimsAdjustmentExpensePropertyCasualtyLiability 1,091,797us-gaap_LiabilityForClaimsAndClaimsAdjustmentExpensePropertyCasualtyLiability
Unearned premiums 1,025,627us-gaap_UnearnedPremiums 999,798us-gaap_UnearnedPremiums
Notes payable 290,000us-gaap_NotesPayable 290,000us-gaap_NotesPayable
Accounts payable and accrued expenses 118,561us-gaap_AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent 130,887us-gaap_AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
Deferred income taxes 0us-gaap_DeferredIncomeTaxLiabilities 5,333us-gaap_DeferredIncomeTaxLiabilities
Other liabilities 208,028us-gaap_OtherLiabilities 207,028us-gaap_OtherLiabilities
Total liabilities 2,748,093us-gaap_Liabilities 2,724,843us-gaap_Liabilities
Commitments and contingencies      
Shareholders’ equity:    
Common stock without par value or stated value: Authorized 70,000 shares; issued and outstanding 55,147; 55,121 90,105us-gaap_CommonStockValue 88,705us-gaap_CommonStockValue
Additional paid-in capital 4,812us-gaap_AdditionalPaidInCapital 3,804us-gaap_AdditionalPaidInCapital
Retained earnings 1,775,047us-gaap_RetainedEarningsAccumulatedDeficit 1,782,937us-gaap_RetainedEarningsAccumulatedDeficit
Total shareholders’ equity 1,869,964us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest 1,875,446us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
Total liabilities and shareholders’ equity $ 4,618,057us-gaap_LiabilitiesAndStockholdersEquity $ 4,600,289us-gaap_LiabilitiesAndStockholdersEquity