Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2017	Dec. 31, 2016
ASSETS
Fixed maturity securities (amortized cost $2,897,032; $2,795,410)	$ 2,952,084	$ 2,814,553
Equity securities (cost $395,011; $331,770)	427,029	357,327
Short-term investments (cost $280,304; $375,700)	280,045	375,680
Total investments	3,659,158	3,547,560
Cash	261,425	220,318
Receivables:
Premium	469,081	459,152
Accrued investment income	44,334	41,205
Other	18,961	24,635
Total receivables	532,376	524,992
Deferred policy acquisition costs	199,070	200,826
Fixed assets (net of accumulated depreciation $330,219; $319,429)	155,264	155,910
Deferred income taxes	34,347	45,277
Goodwill	42,796	42,796
Other intangible assets, net	22,949	25,625
Other assets	31,598	25,414
Total assets	4,938,983	4,788,718
Liabilities
Loss and loss adjustment expense reserves	1,326,963	1,290,248
Unearned premiums	1,093,594	1,074,437
Notes payable	371,136	320,000
Accounts payable and accrued expenses	121,195	112,334
Current income taxes	12,706	9,962
Other liabilities	250,197	229,335
Total liabilities	3,175,791	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	96,565	95,529
Retained earnings	1,666,627	1,656,873
Total shareholders’ equity	1,763,192	1,752,402
Total liabilities and shareholders’ equity	$ 4,938,983	$ 4,788,718