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Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2017
Dec. 31, 2016
Investments:    
Fixed maturities, available-for-sale, at fair value (amortized cost: 2017: $2,678,475; 2016: $2,628,225) $ 2,695,277 $ 2,635,882
Equity securities, available-for-sale, at fair value (cost: 2017: $326,910; 2016: $327,911) 362,214 349,142
Other invested assets 1,776 1,960
Short-term investments, at fair value (amortized cost: 2017: $123,796; 2016: $143,451) 123,846 143,539
Total investments 3,183,113 3,130,523
Cash 63,462 64,643
Premiums receivable 379,787 306,686
Prepaid reinsurance premiums 224,562 213,377
Reinsurance recoverable on paid losses 76,876 82,582
Reinsurance recoverable on unpaid losses and loss adjustment expenses 794,576 779,276
Deferred policy acquisition costs 126,199 119,660
Accrued investment income 18,107 17,315
Goodwill and other intangible assets 6,442 6,451
Current income tax receivable, net 4,280 20,556
Deferred income tax, net 21,574 20,938
Other assets 58,365 52,030
Total assets 4,957,343 4,814,037
Liabilities:    
Reserves for losses and loss adjustment expenses 2,331,392 2,289,727
Unearned premiums 949,483 887,344
Reinsurance balances payable 118,167 108,980
Senior notes 263,767 263,728
Payable for investments purchased 6,715 0
Accounts payable and other liabilities 81,683 86,070
Total liabilities 3,751,207 3,635,849
Stockholders' equity:    
Preferred stock ($.10 par value per share, authorized 1,000 shares, none issued) [1] 0 0
Common stock ($.10 par value per share, authorized 50,000 shares, issued 36,484 shares for 2017 and 36,147 shares for 2016) 3,645 3,612
Additional paid-in capital [1] 367,311 373,983
Treasury stock, at cost (7,023 shares for 2017 and 2016) [1] (155,801) (155,801)
Retained earnings [1] 967,305 947,519
Accumulated other comprehensive income [1] 23,676 8,875
Total stockholders' equity [1] 1,206,136 1,178,188
Total liabilities and stockholders' equity $ 4,957,343 $ 4,814,037
[1] We completed a two-for-one stock split on January 20, 2017. All share and per share data prior to January 20, 2017 has been retroactively restated on a post-split basis.