Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
ASSETS
Fixed maturity securities (amortized cost $3,344,014; $2,973,276)	$ 3,485,363	$ 3,093,275
Equity securities (cost $769,821; $648,282)	809,591	724,751
Short-term investments (cost $253,785; $494,060)	253,842	494,135
Total investments	4,548,796	4,312,161
Cash	322,129	294,398
Receivables:
Premiums	631,091	606,316
Allowance for credit losses on premiums receivable	(10,000)	(1,445)
Premiums receivable, net of allowance for credit losses	621,091	604,871
Accrued investment income	43,356	40,107
Other	10,014	6,464
Total receivables	674,461	651,442
Reinsurance recoverables	41,432	78,774
Allowance for credit losses on reinsurance recoverables	58	0
Reinsurance recoverables, net of allowance for credit losses	41,374	78,774
Deferred policy acquisition costs	251,462	233,166
Fixed assets (net of accumulated depreciation $280,032; $312,060)	174,924	168,986
Operating lease right-of-use assets	41,075	44,909
Current income taxes	0	7,642
Goodwill	42,796	42,796
Other intangible assets, net	9,939	10,636
Other assets	38,832	44,247
Total assets	6,145,788	5,889,157
Liabilities
Loss and loss adjustment expense reserves	1,941,986	1,921,255
Unearned premiums	1,432,549	1,355,547
Notes payable	372,432	372,133
Accounts payable and accrued expenses	180,312	143,318
Operating lease liabilities	44,558	47,996
Current income taxes	6,401	0
Deferred income taxes	19,996	27,964
Other liabilities	246,722	221,442
Total liabilities	4,244,956	4,089,655
Commitments and contingencies
Shareholders’ equity:
Common stock without par value or stated value: Authorized 70,000 shares; issued and outstanding 55,358; 55,358	98,934	98,828
Retained earnings	1,801,898	1,700,674
Total shareholders’ equity	1,900,832	1,799,502
Total liabilities and shareholders’ equity	$ 6,145,788	$ 5,889,157