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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2015
Dec. 31, 2014
Investments    
Fixed maturity securities - available for sale, at fair value (amortized cost: 2015 - $6,132,246 and 2014 - $6,352,737) $ 6,296,256 $ 6,610,368
Equity securities - available for sale, at fair value (cost: 2015 - $382,550 and 2014 - $291,070) 390,077 296,352
Short-term investments, at cost (approximates fair value) 283,420 258,186
Other investments (at fair value) 24,957 0
Total investments 6,994,710 7,164,906
Cash 81,864 102,093
Restricted cash and securities 114,229 119,010
Premium, claims and other receivables 925,827 553,027
Reinsurance recoverables 1,165,211 1,168,900
Ceded unearned premium 371,138 316,715
Ceded life and annuity benefits 48,114 48,499
Deferred policy acquisition costs 260,273 220,321
Goodwill 952,130 905,636
Other assets 227,434 115,239
Total assets 11,140,930 10,714,346
LIABILITIES    
Loss and loss adjustment expense payable 3,660,488 3,728,085
Life and annuity policy benefits 48,114 48,499
Reinsurance, premium and claims payable 456,747 301,476
Unearned premium 1,471,835 1,198,930
Deferred ceding commissions 117,530 94,202
Notes payable 909,328 824,251
Accounts payable and accrued liabilities 560,766 615,552
Total liabilities 7,224,808 6,810,995
SHAREHOLDERS' EQUITY    
Common stock, $1.00 par value; 250,000 shares authorized (shares issued: 2015 - 126,837 and 2014 - 126,472; outstanding: 2015 - 95,645 and 2014 - 96,521) 126,837 126,472
Additional paid-in capital 1,122,937 1,113,551
Retained earnings 3,578,315 3,441,424
Accumulated other comprehensive income 110,712 175,014
Treasury stock, at cost (shares: 2015 - 31,192 and 2014 - 29,951) (1,022,679) (953,110)
Total shareholders' equity 3,916,122 3,903,351
Total liabilities and shareholders' equity $ 11,140,930 $ 10,714,346