Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
Investments, at fair value:
Fixed maturity securities (amortized cost $2,969,541; $2,823,230)	$ 2,985,161	$ 2,892,777
Equity securities (cost $544,082; $474,197)	529,631	537,240
Short-term investments (cost $254,518; $302,693)	253,299	302,711
Total investments	3,768,091	3,732,728
Cash	314,291	291,413
Receivables:
Premiums	555,038	474,060
Accrued investment income	45,373	39,368
Other	6,132	6,658
Total receivables	606,543	520,086
Reinsurance recoverables	221,088	56,349
Deferred policy acquisition costs	215,131	198,151
Fixed assets, net	153,023	145,223
Current income taxes	38,885	61,257
Deferred income taxes	13,339	0
Goodwill	42,796	42,796
Other intangible assets, net	15,534	20,728
Other assets	45,008	32,592
Total assets	5,433,729	5,101,323
Liabilities
Loss and loss adjustment expense reserves	1,829,412	1,510,613
Unearned premiums	1,236,181	1,101,927
Notes payable	371,734	371,335
Accounts payable and accrued expenses	115,071	108,252
Deferred income taxes	0	22,932
Other liabilities	263,647	224,877
Total liabilities	3,816,045	3,339,936
Commitments and contingencies
Shareholders’ equity:
Authorized 70,000 shares; issued and outstanding 55,340; 55,332	98,026	97,523
Retained earnings	1,519,658	1,663,864
Total shareholders’ equity	1,617,684	1,761,387
Total liabilities and shareholders’ equity	$ 5,433,729	$ 5,101,323