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Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2017
Dec. 31, 2016
ASSETS    
Fixed maturity securities (amortized cost $2,884,857; $2,795,410) $ 2,914,287 $ 2,814,553
Equity securities (cost $388,408; $331,770) 425,506 357,327
Short-term investments (cost $260,697; $375,700) 260,705 375,680
Total investments 3,600,498 3,547,560
Cash 236,584 220,318
Receivables:    
Premium 478,345 459,152
Accrued investment income 41,676 41,205
Other 23,079 24,635
Total receivables 543,100 524,992
Deferred policy acquisition costs 199,526 200,826
Fixed assets (net of accumulated depreciation $324,551; $319,429) 155,515 155,910
Deferred income taxes 41,393 45,277
Goodwill 42,796 42,796
Other intangible assets, net 24,287 25,625
Other assets 20,290 25,414
Total assets 4,863,989 4,788,718
Liabilities    
Loss and loss adjustment expense reserves 1,316,933 1,290,248
Unearned premiums 1,094,802 1,074,437
Notes payable 371,044 320,000
Accounts payable and accrued expenses 124,488 112,334
Current income taxes 8,646 9,962
Other liabilities 202,107 229,335
Total liabilities 3,118,020 3,036,316
Commitments and contingencies
Shareholders’ equity:    
Common stock without par value or stated value: Authorized 70,000 shares; issued and outstanding 55,311; 55,289 96,544 95,529
Retained earnings 1,649,425 1,656,873
Total shareholders’ equity 1,745,969 1,752,402
Total liabilities and shareholders’ equity $ 4,863,989 $ 4,788,718