Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
ASSETS
Fixed maturity securities (amortized cost $4,003,142; $3,909,780)	$ 3,878,684	$ 4,031,523
Equity securities (cost $741,090; $754,536)	782,802	970,939
Short-term investments (cost $174,874; $141,206)	172,130	140,127
Total investments	4,833,616	5,142,589
Cash	290,002	335,557
Receivables:
Premiums	639,272	621,740
Allowance for credit losses on premiums receivable	(6,000)	(6,000)
Premiums receivable, net of allowance for credit losses	633,272	615,740
Accrued investment income	46,071	43,299
Other	7,358	7,600
Total receivables	686,701	666,639
Reinsurance recoverables	27,707	45,000
Deferred policy acquisition costs	273,533	258,259
Fixed assets (net of accumulated depreciation $318,453; $308,997)	189,600	191,332
Operating lease right-of-use assets	26,952	31,967
Current income taxes	44,460	20,108
Deferred income taxes	39,071	0
Goodwill	42,796	42,796
Other intangible assets, net	9,722	10,255
Other assets	35,505	27,970
Total assets	6,499,665	6,772,472
Liabilities
Loss and loss adjustment expense reserves	2,386,822	2,226,430
Unearned premiums	1,597,940	1,519,799
Notes payable	373,130	372,931
Accounts payable and accrued expenses	165,922	169,125
Operating lease liabilities	29,799	34,577
Deferred income taxes	0	53,569
Other liabilities	283,687	255,760
Total liabilities	4,837,300	4,632,191
Commitments and contingencies
Shareholders’ equity:
Common stock without par value or stated value: Authorized 70,000 shares; issued and outstanding 55,371; 55,371	98,947	98,943
Retained earnings	1,563,418	2,041,338
Total shareholders’ equity	1,662,365	2,140,281
Total liabilities and shareholders’ equity	$ 6,499,665	$ 6,772,472