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CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands
Jun. 30, 2011
Dec. 31, 2010
Investments and cash:    
Fixed maturities, available-for-sale, at fair value (amortized cost: 2011, $1,799,369; 2010, $1,855,598) $ 1,847,221 $ 1,882,245
Equity securities, available-for-sale, at fair value (cost: 2011, $68,035; 2010, $64,793) 94,737 87,258
Short-term investments, at cost which approximates fair value 185,032 153,057
Cash 40,340 31,768
Total investments and cash 2,167,330 2,154,328
Premiums receivable 273,327 188,368
Prepaid reinsurance premiums 176,960 156,869
Reinsurance recoverable on paid losses 65,856 56,658
Reinsurance recoverable on unpaid losses and loss adjustment expenses 852,992 843,296
Deferred policy acquisition costs 60,468 55,201
Accrued investment income 14,212 15,590
Goodwill and other intangible assets 7,037 6,925
Current income tax receivable, net 6,877 1,054
Deferred income tax, net 6,871 15,141
Other assets 23,979 38,029
Total assets 3,655,909 [1] 3,531,459
Liabilities:    
Reserves for losses and loss adjustment expenses 2,033,556 1,985,838
Unearned premiums 534,474 463,515
Reinsurance balances payable 125,482 105,904
Senior notes 115,547 114,138
Accounts payable and other liabilities 28,931 32,710
Total liabilities 2,837,990 2,702,105
Stockholders' equity:    
Preferred stock, $.10 par value, authorized 1,000,000 shares, none issued    
Common stock, $.10 par value, authorized 50,000,000 shares, issued 17,400,857 shares for 2011 and 17,274,440 shares for 2010 1,744 1,728
Additional paid-in capital 323,174 312,588
Treasury stock, at cost (2,385,393 shares for 2011 and 1,532,273 shares for 2010) (106,377) (64,935)
Retained earnings 541,123 539,512
Accumulated other comprehensive income 58,255 40,461
Total stockholders' equity 817,919 829,354
Total liabilities and stockholders' equity $ 3,655,909 $ 3,531,459
[1] Includes inter-segment transactions causing the row not to cross foot.