Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
ASSETS
Fixed maturity securities (amortized cost $3,053,621; $2,969,541)	$ 3,157,398	$ 2,985,161
Equity securities (cost $594,810; $544,082)	645,407	529,631
Short-term investments (cost $362,191; $254,518)	362,197	253,299
Total investments	4,165,002	3,768,091
Cash	240,320	314,291
Receivables:
Premium	592,732	555,038
Accrued investment income	42,691	45,373
Other	5,252	6,132
Total receivables	640,675	606,543
Reinsurance recoverables	126,571	221,088
Deferred policy acquisition costs	227,167	215,131
Fixed assets (net of accumulated depreciation $369,817; $359,269)	162,650	153,023
Operating lease right-of-use assets	44,432	0
Current income taxes	18,210	38,885
Deferred income taxes	0	13,339
Goodwill	42,796	42,796
Other intangible assets, net	13,170	15,534
Other assets	35,525	45,008
Total assets	5,716,518	5,433,729
Liabilities
Loss and loss adjustment expense reserves	1,783,924	1,829,412
Unearned premiums	1,314,995	1,236,181
Notes payable	371,934	371,734
Accounts payable and accrued expenses	147,424	115,071
Operating lease liabilities	47,091	0
Deferred income taxes	15,654	0
Other liabilities	267,534	263,647
Total liabilities	3,948,556	3,816,045
Commitments and contingencies
Shareholders’ equity:
Common stock without par value or stated value: Authorized 70,000 shares; issued and outstanding 55,355; 55,340	98,647	98,026
Retained earnings	1,669,315	1,519,658
Total shareholders’ equity	1,767,962	1,617,684
Total liabilities and shareholders’ equity	$ 5,716,518	$ 5,433,729