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Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Mar. 31, 2013
Dec. 31, 2012
Investments    
Fixed maturity securities - available for sale, at fair value (amortized cost: 2013 - $5,819,392 and 2012 - $5,856,432) $ 6,185,456 $ 6,281,781
Equity securities - available for sale, at fair value (cost: 2013 - $319,499 and 2012 - $275,827) 350,352 284,639
Short-term investments, at cost (approximates fair value) 267,434 363,053
Other investments, at fair value (cost: 2013 - $1,997 and 2012 - $18,391) 2,810 20,925
Total investments 6,806,052 6,950,398
Cash 75,677 71,390
Restricted cash and securities 101,572 101,480
Premium, claims and other receivables 577,946 549,725
Reinsurance recoverables 1,066,351 1,071,222
Ceded unearned premium 257,359 256,988
Ceded life and annuity benefits 58,227 58,641
Deferred policy acquisition costs 192,199 191,960
Goodwill 885,994 885,860
Other assets 176,839 130,143
Total assets 10,198,216 10,267,807
LIABILITIES    
Loss and loss adjustment expense payable 3,774,162 3,767,850
Life and annuity policy benefits 58,227 58,641
Reinsurance, premium and claims payable 321,394 294,621
Unearned premium 1,085,833 1,069,956
Deferred ceding commissions 72,992 74,609
Notes payable 618,982 583,944
Accounts payable and accrued liabilities 681,377 875,574
Total liabilities 6,612,967 6,725,195
SHAREHOLDERS' EQUITY    
Common stock, $1.00 par value; 250,000 shares authorized (shares issued: 2013 - 125,394 and 2012 - 125,114; outstanding: 2013 - 100,474 and 2012 - 100,928) 125,394 125,114
Additional paid-in capital 1,061,272 1,052,253
Retained earnings 2,845,444 2,756,166
Accumulated other comprehensive income 268,100 295,271
Treasury stock, at cost (shares: 2013 - 24,920 and 2012 - 24,186) (714,961) (686,192)
Total shareholders' equity 3,585,249 3,542,612
Total liabilities and shareholders' equity $ 10,198,216 $ 10,267,807