Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
ASSETS
Fixed maturity securities (amortized cost $2,804,605; $2,503,494)	$ 2,890,629	$ 2,618,400
Equity securities (cost $307,857; $387,851)	315,590	412,880
Short-term investments (cost $153,549; $373,180)	153,548	372,542
Total investments	3,359,767	3,403,822
Cash	274,782	289,907
Receivables:
Premiums	413,870	390,009
Accrued investment income	43,562	38,737
Other	21,411	21,202
Total receivables	478,843	449,948
Deferred policy acquisition costs	199,305	197,202
Fixed assets, net	157,455	158,976
Current income taxes	7,068	503
Deferred income taxes	14,076	0
Goodwill	42,796	42,796
Other intangible assets, net	34,033	35,623
Other assets	18,359	21,512
Total assets	4,586,484	4,600,289
Liabilities
Losses and loss adjustment expenses	1,113,932	1,091,797
Unearned premiums	1,026,614	999,798
Notes payable	290,000	290,000
Accounts payable and accrued expenses	128,291	130,887
Deferred income taxes	0	5,333
Other liabilities	179,904	207,028
Total liabilities	$ 2,738,741	$ 2,724,843
Commitments and contingencies
Shareholders’ equity:
Common stock without par value or stated value: Authorized 70,000 shares; issued and outstanding 55,164; 55,121	$ 90,993	$ 88,705
Additional paid-in capital	6,129	3,804
Retained earnings	1,750,621	1,782,937
Total shareholders’ equity	1,847,743	1,875,446
Total liabilities and shareholders’ equity	$ 4,586,484	$ 4,600,289