Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
ASSETS
Fixed maturity securities (amortized cost $2,855,224; $2,804,275)	$ 2,942,514	$ 2,880,003
Equity securities (cost $326,875; $313,528)	335,616	315,362
Short-term investments (cost $155,201; $185,353)	155,185	185,277
Total investments	3,433,315	3,380,642
Cash	235,109	264,221
Receivables:
Premium	465,737	436,621
Accrued investment income	40,768	42,747
Other	21,176	21,925
Total receivables	527,681	501,293
Deferred policy acquisition costs	203,565	201,762
Fixed assets, net	158,412	157,131
Current income taxes	11,907	9,041
Deferred income taxes	18,637	23,231
Goodwill	42,796	42,796
Other intangible assets, net	30,182	31,702
Other assets	30,459	16,826
Total assets	4,692,063	4,628,645
Liabilities
Losses and loss adjustment expense reserves	1,174,968	1,146,688
Unearned premiums	1,078,571	1,049,314
Notes payable	290,000	290,000
Accounts payable and accrued expenses	116,765	122,571
Deferred income taxes	0	0
Other liabilities	224,381	199,187
Total liabilities	$ 2,884,685	$ 2,807,760
Commitments and contingencies
Shareholders’ equity:
Common stock without par value or stated value: Authorized 70,000 shares; issued and outstanding 55,254; 55,164	$ 93,971	$ 90,985
Additional paid-in capital	3,311	8,870
Retained earnings	1,710,096	1,721,030
Total shareholders’ equity	1,807,378	1,820,885
Total liabilities and shareholders’ equity	$ 4,692,063	$ 4,628,645