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CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands, unless otherwise specified
Jun. 30, 2012
Dec. 31, 2011
Investments and cash:    
Fixed maturities, available-for-sale, at fair value (amortized cost: 2012, $1,935,631; 2011, $1,816,710) $ 2,024,429 $ 1,888,069
Equity securities, available-for-sale, at fair value (cost: 2012, $74,457; 2011, $73,567) 103,649 95,849
Short-term investments, at cost which approximates fair value 161,983 122,220
Cash 45,842 127,360
Total investments and cash 2,335,903 2,233,498
Premiums receivable 372,379 255,725
Prepaid reinsurance premiums 211,089 164,162
Reinsurance recoverable on paid losses 37,431 43,791
Reinsurance recoverable on unpaid losses and loss adjustment expenses 849,146 845,445
Deferred policy acquisition costs 64,509 63,984
Accrued investment income 14,079 14,492
Goodwill and other intangible assets 6,925 6,869
Current income tax receivable, net 13,032 15,391
Other assets 34,573 26,650
Total assets 3,939,066 3,670,007
Liabilities:    
Reserves for losses and loss adjustment expenses 2,088,524 2,082,679
Unearned premiums 633,920 532,628
Reinsurance balances payable 144,078 108,699
Senior Notes 114,348 114,276
Deferred income tax, net 3,120 6,291
Accounts payable and other liabilities 113,268 21,999
Total liabilities 3,097,258 2,866,572
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 17,522,949 shares for 2012 and 17,467,615 shares for 2011 1,752 1,746
Additional paid-in capital 324,956 322,133
Treasury stock, at cost (3,511,380 shares for 2012 and 2011) (155,801) (155,801)
Retained earnings 587,912 565,109
Accumulated other comprehensive income 82,989 70,248
Total stockholders' equity 841,808 803,435
Total liabilities and stockholders' equity $ 3,939,066 $ 3,670,007