Available-for-sale, at fair value (amortized cost of 3,760,876 and allowance for credit losses of 463 at 6/30/26) (amortized cost of 3,642,362 and allowance for credit losses of 828 at 12/31/25)
3,617,942
3,528,692
3,533,336
3,536,484
Equity securities, at fair value (cost - 530,730 at 6/30/26 and 534,311 at 12/31/25)
959,377
864,912
898,876
878,872
Short-term investments, at cost which approximates fair value
206,119
386,219
120,562
165,706
Other invested assets
58,661
60,509
59,281
56,494
Cash
32,101
49,121
51,565
52,621
Total investments and cash
4,874,200
4,889,453
4,663,620
4,690,177
Accrued investment income
32,117
30,456
30,026
29,584
Premiums and reinsurance balances receivable, net of allowances for uncollectible amounts of 21,044 at 6/30/26 and 23,673 at 12/31/25
267,018
243,451
212,226
231,530
Ceded unearned premium
122,327
118,476
124,669
123,039
Reinsurance balances recoverable on unpaid losses and settlement expenses, net of allowances for uncollectible amounts of 10,953 at 6/30/26 and 11,107 at 12/31/25
718,487
740,503
746,798
769,611
Deferred policy acquisition costs
188,857
176,187
172,648
181,488
Property and equipment, at cost, net of accumulated depreciation of 88,555 at 6/30/26 and 84,459 at 12/31/25
40,712
39,809
40,733
41,094
Investment in unconsolidated investees
57,872
56,053
53,521
63,652
Goodwill and intangibles
53,562
53,562
53,562
53,562
Other assets
57,853
53,873
63,683
63,263
Total assets
6,413,005
6,401,823
6,161,486
6,247,000
Unpaid losses and settlement expenses
2,937,211
2,927,929
2,886,819
2,873,054
Unearned premiums
1,063,167
991,717
991,636
1,035,756
Reinsurance balances payable
25,013
23,455
40,580
35,951
Funds held
131,881
134,215
127,242
113,753
Income taxes-current
1,648
26,797
29,724
9,792
Income taxes-deferred
25,795
5,566
21,769
23,157
Short-term debt
-
50,000
100,000
-
Long-term debt
296,968
297,247
-
100,000
Accrued expenses
92,466
68,016
128,597
110,660
Other liabilities
86,741
80,491
56,923
70,701
Total liabilities
4,660,890
4,605,433
4,383,290
4,372,824
Common stock (0.01 par value) (shares authorized - 400,000,000) (137,868,035 shares issued, 91,772,634 shares outstanding at 6/30/26) (137,739,079 shares issued, 91,878,651 shares outstanding at 12/31/25)
1,378
1,378
1,377
1,377
Paid-in capital
382,909
380,075
376,679
374,468
Accumulated other comprehensive earnings (loss)
-115,754
-113,440
-88,074
-97,318
Retained earnings
1,888,627
1,921,376
1,881,213
1,988,648
Deferred compensation
13,152
11,536
14,082
12,713
Less treasury shares, at cost (46,095,401 shares at 6/30/26 and 45,860,428 shares at 12/31/25)
418,197
404,535
407,081
405,712
Total shareholders' equity
1,752,115
1,796,390
1,778,196
1,874,176
Total liabilities and shareholders' equity
6,413,005
6,401,823
6,161,486
6,247,000
Unit: Thousand (K) dollars (except for numbers of shares and EPS). Numbers labeled with * are estimated quarterly values.
Time Plot
Show the time plot by selecting a row from the table.