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Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2017
Dec. 31, 2016
ASSETS    
Fixed maturity securities (amortized cost $2,776,887; $2,795,410) $ 2,841,736 $ 2,814,553
Equity securities (cost $479,410; $331,770) 519,194 357,327
Short-term investments (cost $366,512; $375,700) 366,402 375,680
Total investments 3,727,332 3,547,560
Cash 284,639 220,318
Receivables:    
Premium 485,868 459,152
Accrued investment income 42,535 41,205
Other 18,041 24,635
Total receivables 546,444 524,992
Deferred policy acquisition costs 201,919 200,826
Fixed assets (net of accumulated depreciation $335,477; $319,429) 144,478 155,910
Deferred income taxes 30,339 45,277
Goodwill 42,796 42,796
Other intangible assets, net 21,611 25,625
Other assets 26,041 25,414
Total assets 5,025,599 4,788,718
Liabilities    
Loss and loss adjustment expense reserves 1,372,164 1,290,248
Unearned premiums 1,119,973 1,074,437
Notes payable 371,236 320,000
Accounts payable and accrued expenses 130,825 112,334
Current income taxes 13,173 9,962
Other liabilities 242,037 229,335
Total liabilities 3,249,408 3,036,316
Commitments and contingencies
Shareholders’ equity:    
Common stock without par value or stated value: Authorized 70,000 shares; issued and outstanding 55,332; 55,289 97,523 95,529
Retained earnings 1,678,668 1,656,873
Total shareholders’ equity 1,776,191 1,752,402
Total liabilities and shareholders’ equity $ 5,025,599 $ 4,788,718