Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Investments, at fair value:
Fixed maturity securities (amortized cost $2,804,275; $2,503,494)	$ 2,880,003	$ 2,618,400
Equity securities (cost $313,528; $387,851)	315,362	412,880
Short-term investments (cost $185,353; $373,180)	185,277	372,542
Total investments	3,380,642	3,403,822
Cash	264,221	289,907
Receivables:
Premiums	436,621	390,009
Accrued investment income	42,747	38,737
Other	21,925	21,202
Total receivables	501,293	449,948
Deferred policy acquisition costs	201,762	197,202
Fixed assets, net	157,131	158,976
Current income taxes	9,041	503
Deferred income taxes	23,231	0
Goodwill	42,796	42,796
Other intangible assets, net	31,702	35,623
Other assets	16,826	21,512
Total assets	4,628,645	4,600,289
Liabilities
Losses and loss adjustment expenses	1,146,688	1,091,797
Unearned premiums	1,049,314	999,798
Notes payable	290,000	290,000
Accounts payable and accrued expenses	122,571	130,887
Deferred income taxes	0	5,333
Other liabilities	199,187	207,028
Total liabilities	$ 2,807,760	$ 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	$ 90,985	$ 88,705
Additional paid-in capital	8,870	3,804
Retained earnings	1,721,030	1,782,937
Total shareholders’ equity	1,820,885	1,875,446
Total liabilities and shareholders’ equity	$ 4,628,645	$ 4,600,289