Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
ASSETS
Fixed maturity securities (amortized cost $4,105,574; $3,909,780)	$ 3,897,859	$ 4,031,523
Equity securities (cost $688,401; $754,536)	684,335	970,939
Short-term investments (cost $101,548; $141,206)	100,621	140,127
Total investments	4,682,815	5,142,589
Cash	335,886	335,557
Receivables:
Premiums	646,942	621,740
Allowance for credit losses on premiums receivable	(6,000)	(6,000)
Premiums receivable, net of allowance for credit losses	640,942	615,740
Accrued investment income	48,894	43,299
Other	7,871	7,600
Total receivables	697,707	666,639
Reinsurance recoverables	25,309	45,000
Deferred policy acquisition costs	279,726	258,259
Fixed assets (net of accumulated depreciation $325,461; $308,997)	189,753	191,332
Operating lease right-of-use assets	23,610	31,967
Current income taxes	48,429	20,108
Deferred income taxes	65,705	0
Goodwill	42,796	42,796
Other intangible assets, net	9,455	10,255
Other assets	53,470	27,970
Total assets	6,454,661	6,772,472
Liabilities
Loss and loss adjustment expense reserves	2,432,734	2,226,430
Unearned premiums	1,635,459	1,519,799
Notes payable	373,230	372,931
Accounts payable and accrued expenses	155,441	169,125
Operating lease liabilities	26,366	34,577
Deferred income taxes	0	53,569
Other liabilities	284,950	255,760
Total liabilities	4,908,180	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	1,447,534	2,041,338
Total shareholders’ equity	1,546,481	2,140,281
Total liabilities and shareholders’ equity	$ 6,454,661	$ 6,772,472