XML 14 R2.htm IDEA: XBRL DOCUMENT v3.5.0.2
Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2016
Dec. 31, 2015
Investments:    
Fixed maturities, available-for-sale, at fair value (amortized cost: 2016: $2,558,621; 2015: $2,400,245) $ 2,632,313 $ 2,414,210
Equity securities, available-for-sale, at fair value (cost: 2016: $292,698; 2015: $281,943) 329,635 305,271
Short-term investments, at fair value (amortized cost: 2016: $144,845; 2015: $217,743) 144,843 217,745
Total investments 3,106,791 2,937,226
Cash 121,868 69,901
Premiums receivable 363,343 276,616
Prepaid reinsurance premiums 222,414 232,588
Reinsurance recoverable on paid losses 59,950 49,506
Reinsurance recoverable on unpaid losses and loss adjustment expenses 814,261 809,518
Deferred policy acquisition costs 113,394 91,983
Accrued investment income 16,176 16,001
Goodwill and other intangible assets 6,579 6,807
Current income tax receivable, net 18,522 22,323
Deferred income tax, net   3,900
Other assets 53,323 67,643
Total assets 4,896,621 4,584,012
Liabilities:    
Reserves for losses and loss adjustment expenses 2,268,763 2,202,644
Unearned premiums 904,507 820,676
Reinsurance balances payable 127,742 107,411
Senior notes 263,653 263,580
Deferred income tax, net 14,475  
Payable for investments purchased 48,558 1,495
Accounts payable and other liabilities 87,365 92,058
Total liabilities 3,715,063 3,487,864
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 18,055,818 shares for 2016 and 17,942,269 shares for 2015 1,805 1,793
Additional paid-in capital 363,588 357,829
Treasury stock, at cost (3,511,380 shares for 2016 and 2015) (155,801) (155,801)
Retained earnings 906,536 868,723
Accumulated other comprehensive income 65,430 23,604
Total stockholders' equity 1,181,558 1,096,148
Total liabilities and stockholders' equity $ 4,896,621 $ 4,584,012