RLI Corp(NYSE:RLI)
RLI Corp., an insurance holding company, underwrites property and casualty insurance in the United States and internationally. Its Casualty segment provides commercial and personal coverage products; and general liability products, such as coverage for third-party liability of commercial insureds, i...
Website: http://www.rlicorp.com
Founded: 1965
Full Time Employees: 882
Sector: Financial Services
Industry: Insurance-Property & Casualty
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Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-09-30 | 2018-06-30 | 2018-03-31 | 2017-09-30 | 2017-06-30 | 2017-03-31 | 2016-09-30 | 2016-06-30 | 2016-03-31 | 2015-12-31 | 2015-09-30 | 2015-06-30 | 2015-03-31 | 2014-12-31 | 2014-09-30 | 2014-06-30 | 2014-03-31 | 2013-12-31 | 2013-09-30 | 2013-06-30 | 2013-03-31 | 2012-12-31 | 2012-09-30 | 2012-06-30 | 2012-03-31 | 2012-01-31 | 2011-09-30 | 2011-06-30 | 2011-03-31 | 2010-09-30 | 2010-06-30 | 2010-03-31 | 2009-12-31 | 2009-09-30 | 2009-06-30 | 2007-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
net premiums earned | 411,386,000 | 318,462,000 | 407,695,000 | 401,904,000 | 398,345,000 | 165,076,000 | 389,489,000 | 379,065,000 | 360,676,000 | 196,024,000 | 318,409,000 | 322,280,000 | 307,723,000 | 137,473,000 | 291,468,000 | 282,810,000 | 269,152,000 | 257,919,000 | 253,389,000 | 241,000,000 | 228,595,000 | 216,630,000 | 208,734,000 | 215,582,000 | 211,255,000 | 207,541,000 | 204,689,000 | 200,815,000 | 196,522,000 | 190,027,000 | 182,025,000 | 184,331,000 | 183,285,000 | 183,595,000 | 180,226,000 | 176,918,000 | 179,448,000 | 172,339,000 | 169,003,000 | 177,747,000 | 168,604,000 | 161,132,000 | 163,702,000 | 154,553,000 | 144,151,000 | 149,943,000 | 141,584,000 | 137,280,000 | 146,552,000 | 130,826,000 | 116,051,000 | 128,334,000 | 121,758,000 | 116,264,000 | 122,736,000 | 122,492,000 | |||||||||
net investment income | 42,321,000 | 24,864,000 | 41,270,000 | 39,418,000 | 36,726,000 | 16,881,000 | 36,694,000 | 33,961,000 | 32,847,000 | -1,757,000 | 31,963,000 | 28,788,000 | 27,084,000 | 11,237,000 | 21,270,000 | 18,472,000 | 17,883,000 | 17,933,000 | 17,844,000 | 16,661,000 | 16,424,000 | 16,543,000 | 16,917,000 | 17,778,000 | 17,532,000 | 16,998,000 | 16,565,000 | 16,314,000 | 14,577,000 | 14,232,000 | 14,187,000 | 13,238,000 | 13,005,000 | 13,504,000 | 13,048,000 | 13,370,000 | 13,964,000 | 13,431,000 | 13,495,000 | 14,200,000 | 13,982,000 | 13,582,000 | 13,598,000 | 12,847,000 | 12,886,000 | 14,221,000 | 14,826,000 | 15,293,000 | 15,954,000 | 15,180,000 | 16,303,000 | 16,762,000 | 16,765,000 | 16,600,000 | 16,295,000 | 16,496,000 | |||||||||
net realized gains | 9,559,000 | -28,268,000 | 18,318,000 | 15,004,000 | 14,912,000 | 21,296,000 | 5,420,000 | -192,000 | 5,994,000 | 561,757,000 | 6,558,000 | 5,580,000 | 14,620,000 | -527,340,000 | 573,170,000 | 12,804,000 | 5,588,000 | 11,780,000 | 1,829,000 | 36,463,000 | 14,150,000 | 1,512,000 | -2,109,000 | 15,152,000 | 3,211,000 | 4,764,000 | 9,068,000 | 18,808,000 | 20,849,000 | 8,460,000 | 35,000 | -1,359,000 | 2,714,000 | 9,347,000 | 2,710,000 | ||||||||||||||||||||||||||||||
net unrealized gains on equity securities | -39,396,000 | 38,571,000 | 41,981,000 | 43,500,000 | -42,318,000 | -22,527,000 | 38,392,000 | 3,608,000 | 45,314,000 | -136,511,000 | -25,236,000 | 25,214,000 | 15,496,000 | 220,476,000 | -26,414,000 | -100,994,000 | -27,810,000 | 35,732,000 | -2,592,000 | 3,956,000 | 28,162,000 | 28,126,000 | 74,705,000 | -130,395,000 | 4,906,000 | 8,810,000 | 33,498,000 | 4,848,000 | |||||||||||||||||||||||||||||||||||||
consolidated revenue | 423,870,000 | 353,629,000 | 509,264,000 | 499,826,000 | 407,665,000 | 180,726,000 | 469,995,000 | 416,442,000 | 444,831,000 | 619,513,000 | 331,694,000 | 381,862,000 | 364,923,000 | -158,154,000 | 859,494,000 | 213,092,000 | 264,813,000 | 323,364,000 | 270,470,000 | 298,080,000 | 287,331,000 | 262,811,000 | 298,247,000 | 118,117,000 | 236,904,000 | 238,113,000 | 263,820,000 | 240,624,000 | 219,337,000 | 185,891,000 | 196,247,000 | 196,210,000 | 196,914,000 | 206,351,000 | 195,984,000 | 201,688,000 | 200,946,000 | 190,572,000 | 195,784,000 | 197,655,000 | 193,017,000 | 181,215,000 | 188,299,000 | 171,142,000 | 160,721,000 | 169,645,000 | 155,746,000 | 163,989,000 | 162,329,000 | 156,056,000 | 136,826,000 | 149,623,000 | 142,814,000 | 139,327,000 | 146,016,000 | 144,742,000 | |||||||||
losses and settlement expenses | 193,244,000 | 189,439,000 | 187,998,000 | 184,578,000 | 177,238,000 | 90,672,000 | 202,118,000 | 167,799,000 | 143,824,000 | 56,387,000 | 189,558,000 | 153,943,000 | 114,488,000 | 68,075,000 | 165,089,000 | 117,914,000 | 105,524,000 | 101,028,000 | 143,656,000 | 107,026,000 | 104,892,000 | 127,596,000 | 101,202,000 | 111,021,000 | 108,990,000 | 103,919,000 | 94,297,000 | 110,231,000 | 101,653,000 | 92,421,000 | 123,190,000 | 90,347,000 | 93,390,000 | 97,892,000 | 80,277,000 | 81,171,000 | 73,051,000 | 64,549,000 | 80,861,000 | 76,019,000 | 73,345,000 | 71,016,000 | 64,246,000 | 65,607,000 | 61,448,000 | 70,598,000 | 61,005,000 | 61,883,000 | 64,802,000 | 30,363,000 | 46,871,000 | 55,823,000 | 45,072,000 | 54,257,000 | 47,677,000 | 48,780,000 | |||||||||
policy acquisition costs | 132,075,000 | 85,914,000 | 128,937,000 | 125,502,000 | 123,687,000 | 76,139,000 | 117,811,000 | 113,921,000 | 110,454,000 | 62,549,000 | 103,013,000 | 102,626,000 | 101,444,000 | 45,589,000 | 96,977,000 | 89,615,000 | 85,287,000 | 84,794,000 | 80,449,000 | 77,235,000 | 74,990,000 | 71,032,000 | 69,463,000 | 72,941,000 | 71,552,000 | 71,742,000 | 71,292,000 | 68,414,000 | 66,325,000 | 66,734,000 | 62,066,000 | 60,695,000 | 63,503,000 | 61,761,000 | 60,521,000 | 62,243,000 | 60,505,000 | 59,487,000 | 58,973,000 | 58,180,000 | 55,156,000 | 55,051,000 | 54,176,000 | 51,502,000 | 50,336,000 | 49,262,000 | 48,173,000 | 48,197,000 | 46,712,000 | 42,568,000 | 40,533,000 | 40,624,000 | 37,715,000 | 40,465,000 | 41,627,000 | 38,556,000 | |||||||||
insurance operating expenses | 28,280,000 | 25,777,000 | 30,215,000 | 29,594,000 | 26,874,000 | 13,491,000 | 28,868,000 | 27,321,000 | 28,703,000 | 12,210,000 | 21,591,000 | 24,510,000 | 23,901,000 | 18,113,000 | 20,606,000 | 19,325,000 | 18,863,000 | 22,403,000 | 15,560,000 | 20,148,000 | 18,796,000 | 16,850,000 | 13,906,000 | 14,381,000 | 16,982,000 | 16,948,000 | 16,667,000 | 14,408,000 | 14,398,000 | 13,385,000 | 11,701,000 | 13,546,000 | 13,335,000 | 13,338,000 | 13,412,000 | 12,200,000 | 12,299,000 | 13,467,000 | 11,531,000 | 13,120,000 | 13,534,000 | 12,533,000 | 13,462,000 | 11,885,000 | 12,569,000 | 11,553,000 | 10,783,000 | 12,259,000 | 10,302,000 | 12,130,000 | 9,615,000 | 10,161,000 | 8,170,000 | 8,827,000 | 10,480,000 | 10,072,000 | |||||||||
interest expense on debt | 2,353,000 | 2,282,000 | 1,364,000 | 1,350,000 | 1,335,000 | 2,462,000 | 1,617,000 | 1,604,000 | 1,618,000 | 2,119,000 | 1,873,000 | 2,047,000 | 2,008,000 | 1,643,000 | 2,013,000 | 2,011,000 | 2,010,000 | 1,966,000 | 1,906,000 | 1,904,000 | 1,901,000 | 1,901,000 | 1,903,000 | 1,897,000 | 1,861,000 | 1,861,000 | 1,861,000 | 1,862,000 | 1,858,000 | 1,856,000 | 1,856,000 | 1,857,000 | 1,856,000 | 1,857,000 | 1,856,000 | 1,857,000 | 1,857,000 | 1,857,000 | 1,856,000 | 1,857,000 | 1,874,000 | 1,851,000 | 1,513,000 | 1,513,000 | 1,512,000 | 1,512,000 | 1,525,000 | 1,500,000 | 1,513,000 | 1,512,000 | 1,512,000 | 1,512,000 | 1,513,000 | 1,512,000 | 1,512,000 | 1,513,000 | |||||||||
general corporate expenses | 2,724,000 | 3,133,000 | 5,045,000 | 4,754,000 | 2,948,000 | 2,773,000 | 3,994,000 | 4,140,000 | 5,010,000 | 2,095,000 | 2,372,000 | 4,219,000 | 4,214,000 | 4,777,000 | 2,755,000 | 2,435,000 | 3,363,000 | 3,797,000 | 2,505,000 | 3,686,000 | 3,342,000 | 2,668,000 | 1,994,000 | 1,755,000 | 2,583,000 | 3,283,000 | 3,276,000 | 2,947,000 | 2,641,000 | 2,283,000 | 1,956,000 | 2,535,000 | 3,325,000 | 2,242,000 | 2,768,000 | 2,375,000 | 1,958,000 | 2,748,000 | 2,244,000 | 2,800,000 | 2,549,000 | 2,198,000 | 2,157,000 | 1,692,000 | 2,386,000 | 2,099,000 | 1,815,000 | 1,987,000 | 1,594,000 | 1,964,000 | 2,005,000 | 2,148,000 | 1,541,000 | 1,717,000 | 2,177,000 | 2,042,000 | |||||||||
total expenses | 358,676,000 | 306,545,000 | 353,559,000 | 345,778,000 | 332,082,000 | 185,537,000 | 354,408,000 | 314,785,000 | 289,609,000 | 135,360,000 | 318,407,000 | 287,345,000 | 246,055,000 | 138,197,000 | 287,440,000 | 231,300,000 | 215,047,000 | 213,988,000 | 244,076,000 | 209,999,000 | 203,921,000 | 220,047,000 | 188,468,000 | 201,995,000 | 201,968,000 | 197,753,000 | 187,393,000 | 197,862,000 | 186,875,000 | 176,679,000 | 200,769,000 | 168,980,000 | 175,409,000 | 177,090,000 | 158,834,000 | 159,846,000 | 149,670,000 | 142,108,000 | 155,465,000 | 151,976,000 | 146,458,000 | 142,649,000 | 135,554,000 | 132,199,000 | 128,251,000 | 135,024,000 | 123,301,000 | 125,826,000 | 124,923,000 | 88,537,000 | 100,536,000 | 110,268,000 | 94,011,000 | 106,778,000 | 103,473,000 | 100,963,000 | |||||||||
equity in earnings of unconsolidated investees | 2,147,000 | -11,924,000 | 1,540,000 | 2,467,000 | 3,048,000 | 1,957,000 | 1,238,000 | 1,646,000 | 4,769,000 | 2,684,000 | 1,732,000 | 1,514,000 | 3,923,000 | 33,999,000 | -17,352,000 | 11,654,000 | 8,759,000 | 7,653,000 | 9,043,000 | 13,940,000 | 6,424,000 | 8,745,000 | 5,100,000 | 4,514,000 | 4,011,000 | 8,468,000 | 5,314,000 | 3,587,000 | 7,100,000 | 5,166,000 | 3,660,000 | 6,806,000 | 4,938,000 | 1,881,000 | 5,191,000 | 3,751,000 | 661,000 | 6,186,000 | 4,194,000 | 2,915,000 | 5,864,000 | 3,425,000 | |||||||||||||||||||||||
earnings before income taxes | 67,341,000 | 35,160,000 | 157,245,000 | 156,515,000 | 78,631,000 | -2,854,000 | 116,825,000 | 103,303,000 | 159,991,000 | 486,837,000 | 15,019,000 | 96,031,000 | 122,791,000 | -262,352,000 | 554,702,000 | -6,554,000 | 58,525,000 | 117,029,000 | 35,437,000 | 102,021,000 | 89,834,000 | 51,509,000 | 114,879,000 | -79,364,000 | 38,947,000 | 48,828,000 | 81,741,000 | 46,349,000 | 39,562,000 | 14,378,000 | -862,000 | 34,036,000 | 26,443,000 | 31,142,000 | 42,341,000 | 45,593,000 | 51,937,000 | 54,650,000 | 44,513,000 | 48,594,000 | 52,423,000 | 41,991,000 | 55,309,000 | 43,576,000 | 35,969,000 | 36,480,000 | 36,568,000 | 41,109,000 | 38,119,000 | 71,405,000 | 38,906,000 | 41,003,000 | 52,229,000 | 34,802,000 | 43,663,000 | 46,503,000 | |||||||||
income tax expense | 12,456,000 | 1,541,000 | 32,635,000 | 32,179,000 | 15,417,000 | -2,546,000 | 21,798,000 | 21,311,000 | 32,091,000 | 93,425,000 | 1,483,000 | 18,379,000 | 23,980,000 | -56,129,000 | 114,809,000 | 10,602,000 | 21,745,000 | 6,194,000 | 20,206,000 | 9,122,000 | 22,713,000 | 6,623,000 | 8,361,000 | 16,268,000 | 6,311,000 | 2,162,000 | 7,828,000 | 6,615,000 | 8,879,000 | 13,264,000 | 14,200,000 | 16,029,000 | 17,465,000 | 13,915,000 | 15,340,000 | 16,698,000 | 13,022,000 | 17,662,000 | 13,674,000 | 11,122,000 | 11,017,000 | 11,820,000 | 13,071,000 | 12,062,000 | 24,024,000 | 12,445,000 | 13,038,000 | 17,235,000 | 12,423,000 | ||||||||||||||||
net earnings | 54,885,000 | 33,619,000 | 124,610,000 | 124,336,000 | 63,214,000 | -308,000 | 95,027,000 | 81,992,000 | 127,900,000 | 393,412,000 | 13,536,000 | 77,652,000 | 98,811,000 | -206,223,000 | 439,893,000 | -2,239,000 | 47,923,000 | 95,284,000 | 29,243,000 | 81,815,000 | 73,012,000 | 42,387,000 | 92,166,000 | -61,267,000 | 32,324,000 | 40,467,000 | 65,473,000 | 39,372,000 | 33,251,000 | 12,216,000 | 1,734,000 | 26,208,000 | 19,828,000 | 22,263,000 | 29,077,000 | 31,393,000 | 35,908,000 | 37,185,000 | 30,598,000 | 33,254,000 | 35,725,000 | 28,969,000 | 37,647,000 | 29,902,000 | 24,847,000 | 25,463,000 | 24,748,000 | 28,038,000 | 26,057,000 | 47,381,000 | 26,461,000 | 27,965,000 | 34,994,000 | 24,221,000 | 31,019,000 | 34,080,000 | |||||||||
yoy | -13.18% | -11015.26% | 31.13% | 51.64% | -50.58% | -100.08% | 602.03% | 5.59% | 29.44% | -290.77% | -96.92% | -3568.16% | 106.19% | -316.43% | 1404.27% | -102.74% | -34.36% | 124.80% | -68.27% | -233.54% | 31.13% | 127.76% | -193.58% | -17.90% | 21.70% | 435.96% | 50.23% | 67.70% | -45.13% | -94.04% | -16.52% | -38.00% | -21.80% | 2.60% | 7.98% | 4.09% | 5.62% | -11.67% | 19.47% | 16.59% | 47.85% | 20.83% | -11.38% | -2.28% | -47.77% | 5.96% | -25.54% | 95.62% | -9.85% | 2.68% | |||||||||||||||
qoq | 63.26% | -73.02% | 0.22% | 96.69% | -20624.03% | -100.32% | 15.90% | -35.89% | -67.49% | 2806.41% | -82.57% | -21.41% | -147.91% | -146.88% | -19746.85% | -104.67% | -49.71% | 225.84% | -64.26% | 12.06% | 72.25% | -54.01% | -250.43% | -20.12% | -38.19% | 18.41% | 172.19% | 604.50% | -93.38% | 32.18% | -10.94% | -23.43% | -7.38% | -3.43% | 21.53% | -6.92% | 23.32% | 25.90% | 20.34% | 2.89% | -11.73% | -45.01% | 79.06% | -5.38% | -20.09% | 44.48% | -8.98% | ||||||||||||||||||
other comprehensive earnings, net of tax | -25,366,000 | -83,825,000 | 27,674,000 | 18,701,000 | 30,030,000 | 2,994,000 | 80,293,000 | -7,843,000 | -12,671,000 | -240,054,000 | -56,834,000 | -19,721,000 | 37,707,000 | 235,504,000 | -81,248,000 | -97,563,000 | -115,581,000 | -17,078,000 | -12,240,000 | 15,177,000 | -44,747,000 | 9,550,000 | 53,571,000 | -13,031,000 | 15,341,000 | 27,864,000 | 29,301,000 | -7,696,000 | -7,675,000 | -26,398,000 | 8,444,000 | 10,599,000 | 11,769,000 | -6,931,000 | 19,066,000 | 21,763,000 | -16,136,000 | -24,932,000 | -7,595,000 | -12,353,000 | 19,934,000 | 17,737,000 | 17,553,000 | 2,760,000 | 5,248,000 | 30,476,000 | 9,275,000 | 36,969,000 | 22,810,000 | ||||||||||||||||
comprehensive earnings | 29,519,000 | -50,206,000 | 152,284,000 | 143,037,000 | 93,244,000 | 2,686,000 | 175,320,000 | 74,149,000 | 115,229,000 | 153,358,000 | -43,298,000 | 57,931,000 | 136,518,000 | 29,281,000 | 358,645,000 | -99,802,000 | -67,658,000 | 78,206,000 | 17,003,000 | 96,992,000 | 28,265,000 | 51,937,000 | 145,737,000 | -74,298,000 | 47,665,000 | 68,331,000 | 94,774,000 | 31,676,000 | 25,576,000 | -14,182,000 | 10,178,000 | 36,807,000 | 31,597,000 | 15,332,000 | 48,143,000 | 53,156,000 | 19,772,000 | 12,253,000 | 23,003,000 | 20,901,000 | 55,659,000 | 46,706,000 | 35,701,000 | -3,579,000 | 42,400,000 | 46,510,000 | 30,638,000 | 38,814,000 | 11,726,000 | 50,141,000 | 31,709,000 | 58,441,000 | 23,229,000 | 33,496,000 | 67,988,000 | 56,890,000 | |||||||||
basic net earnings per share | 0.6 | 0.38 | 1.36 | 1.35 | 0.69 | -3.33 | 2.08 | 1.79 | 2.8 | 8.69 | 0.3 | 1.7 | 2.17 | -4.53 | 9.69 | -0.05 | 1.06 | 2.11 | 0.65 | 1.81 | 1.62 | 0.94 | 2.05 | -1.36 | 0.72 | 0.91 | 1.47 | 0.89 | 0.75 | 0.28 | 0.04 | 0.6 | 0.45 | 0.51 | 0.67 | 0.72 | 0.83 | 0.86 | 0.71 | 0.77 | 0.83 | 0.67 | 1.76 | 1.4 | 1.17 | 1.2 | 1.17 | 1.32 | 1.24 | 2.25 | 1.26 | 1.34 | 1.66 | 1.14 | 1.43 | 1.58 | |||||||||
diluted net earnings per share | 0.6 | 0.36 | 1.35 | 1.34 | 0.68 | -3.29 | 2.06 | 1.78 | 2.77 | 8.62 | 0.29 | 1.69 | 2.15 | -4.5 | 9.61 | -0.05 | 1.05 | 2.08 | 0.64 | 1.79 | 1.6 | 0.93 | 2.04 | -1.36 | 0.71 | 0.89 | 1.46 | 0.88 | 0.74 | 0.27 | 0.04 | 0.59 | 0.45 | 0.5 | 0.65 | 0.71 | 0.81 | 0.84 | 0.7 | 0.76 | 0.82 | 0.66 | 1.73 | 1.38 | 1.15 | 1.19 | 1.15 | 1.3 | 1.22 | 2.22 | 1.24 | 1.33 | 1.65 | 1.13 | 1.42 | 1.57 | |||||||||
weighted-average number of common shares outstanding: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
basic | 91,926 | 91,529 | 91,849 | 91,827 | 91,770 | 91,191 | 45,780 | 45,737 | 45,684 | 45,368 | 45,622 | 45,591 | 45,530 | 45,230 | 45,379 | 45,354 | 45,306 | 45,230 | 45,243 | 45,226 | 45,178 | 45,014 | 44,951 | 44,920 | 44,734 | 44,823 | 44,704 | 44,536 | 44,358 | 44,400 | 44,310 | 44,221 | 44,058 | 44,005 | 43,961 | 43,843 | 43,721 | 43,597 | 43,299 | 43,342 | 43,210 | 43,141 | 43,020 | 43,026 | 43,001 | 42,985 | 42,744 | 21,422 | 21,314 | 21,272 | 21,216 | 21,218 | 21,213 | 21,188 | 21,078 | 21,089 | 21,075 | 21,025 | 20,931 | 21,026 | 21,176 | 21,562 | 21,622 | 21,617 | |
diluted | 92,187 | 92,451 | 92,310 | 92,518 | 92,528 | 92,155 | 46,220 | 46,179 | 46,163 | 45,794 | 46,065 | 46,044 | 46,035 | 45,712 | 45,775 | 45,354 | 45,714 | 45,712 | 45,689 | 45,715 | 45,674 | 45,426 | 45,274 | 44,920 | 45,257 | 45,349 | 45,219 | 44,887 | 44,835 | 44,940 | 44,742 | 44,650 | 44,515 | 44,519 | 44,502 | 44,492 | 44,423 | 44,361 | 44,131 | 44,153 | 44,019 | 43,992 | 43,819 | 43,712 | 43,688 | 43,674 | 43,514 | 21,773 | 21,670 | 21,623 | 21,580 | 21,486 | 21,514 | 21,528 | 21,434 | 21,335 | 21,332 | 21,285 | 21,090 | 21,223 | 21,372 | 21,731 | 21,769 | 21,721 | |
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income tax benefit | -4,315,000 | 16,822,000 | -18,097,000 | 6,977,000 | -2,596,000 | 10,581,000 | 12,644,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
earnings per share: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
basic: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
basic comprehensive earnings per share | 1.15 | 3.24 | -1.65 | 1.06 | 1.53 | 2.13 | 0.71 | 0.58 | -0.32 | 0.23 | 0.84 | 0.72 | 0.35 | 1.1 | 1.22 | 0.46 | 0.28 | 0.53 | 0.49 | 1.29 | 1.09 | 1.67 | -0.17 | 1.99 | 2.19 | 1.44 | 1.83 | 0.56 | 2.38 | 1.51 | 2.79 | 1.1 | 1.58 | 3.14 | 2.63 | ||||||||||||||||||||||||||||||
diluted: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
diluted comprehensive earnings per share | 1.14 | 3.22 | -1.65 | 1.05 | 1.51 | 2.11 | 0.7 | 0.57 | -0.32 | 0.23 | 0.83 | 0.71 | 0.34 | 1.08 | 1.2 | 0.45 | 0.28 | 0.52 | 0.48 | 1.27 | 1.07 | 1.64 | -0.17 | 1.96 | 2.16 | 1.42 | 1.8 | 0.55 | 2.35 | 1.49 | 2.77 | 1.09 | 1.57 | 3.12 | 2.62 | ||||||||||||||||||||||||||||||
other-than-temporary impairment (otti) losses on investments | -161,000 | -56,000 | -2,090,000 | -95,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash dividends paid per common share | 0.23 | 0.23 | 0.22 | 0.22 | 0.22 | 0.21 | 0.21 | 0.21 | 0.2 | 0.2 | 0.2 | 0.19 | 0.19 | 0.19 | 0.18 | 0.18 | 0.18 | 0.17 | |||||||||||||||||||||||||||||||||||||||||||||||
net unrealized losses on equity securities | -12,611,000 | -26,772,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
weighted-average number of common shares outstanding | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
basic | 91,926 | 91,529 | 91,849 | 91,827 | 91,770 | 91,191 | 45,780 | 45,737 | 45,684 | 45,368 | 45,622 | 45,591 | 45,530 | 45,230 | 45,379 | 45,354 | 45,306 | 45,230 | 45,243 | 45,226 | 45,178 | 45,014 | 44,951 | 44,920 | 44,734 | 44,823 | 44,704 | 44,536 | 44,358 | 44,400 | 44,310 | 44,221 | 44,058 | 44,005 | 43,961 | 43,843 | 43,721 | 43,597 | 43,299 | 43,342 | 43,210 | 43,141 | 43,020 | 43,026 | 43,001 | 42,985 | 42,744 | 21,422 | 21,314 | 21,272 | 21,216 | 21,218 | 21,213 | 21,188 | 21,078 | 21,089 | 21,075 | 21,025 | 20,931 | 21,026 | 21,176 | 21,562 | 21,622 | 21,617 | |
diluted | 92,187 | 92,451 | 92,310 | 92,518 | 92,528 | 92,155 | 46,220 | 46,179 | 46,163 | 45,794 | 46,065 | 46,044 | 46,035 | 45,712 | 45,775 | 45,354 | 45,714 | 45,712 | 45,689 | 45,715 | 45,674 | 45,426 | 45,274 | 44,920 | 45,257 | 45,349 | 45,219 | 44,887 | 44,835 | 44,940 | 44,742 | 44,650 | 44,515 | 44,519 | 44,502 | 44,492 | 44,423 | 44,361 | 44,131 | 44,153 | 44,019 | 43,992 | 43,819 | 43,712 | 43,688 | 43,674 | 43,514 | 21,773 | 21,670 | 21,623 | 21,580 | 21,486 | 21,514 | 21,528 | 21,434 | 21,335 | 21,332 | 21,285 | 21,090 | 21,223 | 21,372 | 21,731 | 21,769 | 21,721 | |
net realized investment gains | 11,400,000 | 7,534,000 | 4,802,000 | 13,286,000 | 5,708,000 | 10,431,000 | 6,501,000 | 10,999,000 | 3,742,000 | 3,684,000 | 5,481,000 | 492,000 | 11,416,000 | 80,000 | 10,050,000 | 4,472,000 | 4,527,000 | 4,291,000 | 6,463,000 | 6,985,000 | 12,520,000 | ||||||||||||||||||||||||||||||||||||||||||||
equity in earnings of unconsolidated investee | 2,564,000 | 4,633,000 | 3,499,000 | 1,859,000 | 4,123,000 | 2,946,000 | 713,000 | 3,886,000 | 2,616,000 | 1,648,000 | 3,426,000 | 2,253,000 | 1,120,000 | 2,724,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
cash dividends declared per common share | 0.34 | 0.34 | 0.32 | 0.32 | 0.32 | 0.3 | 0.3 | 0.3 | 0.29 | 0.29 | 0.29 | 0.28 | 0.27 | 0.27 | |||||||||||||||||||||||||||||||||||||||||||||||||||
unrealized gains on securities: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
unrealized holding gains arising during the period | 25,127,000 | 5,430,000 | 19,509,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
less: reclassification adjustment for (gains) losses included in net earnings | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other comprehensive earnings | 21,047,000 | 5,890,000 | 10,776,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
less: reclassification adjustment for losses (gains) included in net earnings | 460,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
less: reclassification adjustment for (gains) included in net earnings | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other-than-temporary impairment losses on investments |
Balance Sheets:
Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-09-30 | 2018-06-30 | 2018-03-31 | 2017-12-31 | 2017-09-30 | 2017-06-30 | 2017-03-31 | 2016-12-31 | 2016-09-30 | 2016-06-30 | 2016-03-31 | 2015-12-31 | 2015-09-30 | 2015-06-30 | 2015-03-31 | 2014-12-31 | 2014-09-30 | 2014-06-30 | 2014-03-31 | 2013-12-31 | 2013-09-30 | 2013-06-30 | 2013-03-31 | 2012-12-31 | 2012-09-30 | 2012-06-30 | 2012-03-31 | 2011-03-31 | 2011-01-31 | 2010-12-31 | 2009-12-31 | 2008-12-31 | 2007-12-31 | 2007-06-30 |
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assets | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investments and cash: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
fixed income: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
available-for-sale, at fair value | 3,528,692,000 | 3,533,336,000 | 3,536,484,000 | 3,420,761,000 | 3,274,276,000 | 3,175,796,000 | 3,176,073,000 | 2,989,527,000 | 2,863,321,000 | 2,855,849,000 | 2,717,627,000 | 2,689,100,000 | 2,701,814,000 | 2,666,950,000 | 2,452,039,000 | 2,280,909,000 | 2,292,378,000 | 2,409,887,000 | 2,394,669,000 | 2,319,244,000 | 2,175,869,000 | 2,196,626,000 | 2,159,795,000 | 2,075,093,000 | 1,963,585,000 | 1,983,086,000 | 1,957,025,000 | 1,865,613,000 | 1,793,343,000 | 1,760,515,000 | 1,719,617,000 | 1,710,612,000 | 1,653,674,000 | 1,672,239,000 | 1,713,558,000 | 1,651,657,000 | 1,590,399,000 | 1,605,209,000 | 1,687,605,000 | 1,631,953,000 | 1,556,968,000 | 1,538,110,000 | 1,532,304,000 | 1,537,365,000 | 1,529,559,000 | 1,495,087,000 | 1,545,530,000 | 1,534,622,000 | 1,467,282,000 | 1,440,052,000 | 1,379,012,000 | 1,399,510,000 | 1,413,570,000 | 20,599,000 | 1,432,969,000 | 1,312,839,000 | 1,251,451,000 | 1,084,279,000 | 27,547,000 | 30,035,000 | 15,903,000 | 28,925,000 | 30,293,000 | 1,288,799,000 |
equity securities, at fair value | 864,912,000 | 898,876,000 | 878,872,000 | 810,959,000 | 725,946,000 | 736,191,000 | 729,738,000 | 666,563,000 | 643,367,000 | 590,041,000 | 534,436,000 | 552,566,000 | 519,097,000 | 498,382,000 | 462,988,000 | 487,995,000 | 608,180,000 | 613,776,000 | 565,238,000 | 566,870,000 | 555,209,000 | 524,006,000 | 455,956,000 | 422,198,000 | 356,403,000 | 460,630,000 | 428,297,000 | 421,801,000 | 388,281,000 | 340,483,000 | 394,375,000 | 386,603,000 | 378,253,000 | 369,047,000 | 391,152,000 | 391,663,000 | 419,022,000 | 436,462,000 | 426,680,000 | 392,156,000 | 416,814,000 | 407,680,000 | 402,099,000 | 406,074,000 | 406,399,000 | 335,006,000 | 365,483,000 | |||||||||||||||||
short-term investments, at cost which approximates fair value | 386,219,000 | 120,562,000 | 165,706,000 | 115,662,000 | 116,601,000 | 74,915,000 | 203,296,000 | 125,865,000 | 147,186,000 | 134,923,000 | 125,032,000 | 271,296,000 | 116,202,000 | 36,229,000 | 5,534,000 | 47,353,000 | 44,087,000 | 11,550,000 | 18,526,000 | 9,980,000 | 11,925,000 | 18,057,000 | 13,002,000 | 5,015,000 | 8,392,000 | 13,491,000 | 19,405,000 | 6,262,000 | 16,339,000 | 23,232,000 | 431,000 | 11,217,000 | 1,019,000 | 16,091,000 | 2,667,000 | 466,000 | ||||||||||||||||||||||||||||
other invested assets | 60,509,000 | 59,281,000 | 56,494,000 | 57,266,000 | 60,357,000 | 57,939,000 | 53,993,000 | 55,364,000 | 59,273,000 | 59,081,000 | 59,730,000 | 60,907,000 | 64,134,000 | 47,922,000 | 48,837,000 | 51,018,000 | 52,406,000 | 50,501,000 | 52,480,000 | 52,849,000 | 50,413,000 | 54,232,000 | 59,988,000 | 63,440,000 | 53,562,000 | 70,441,000 | 59,577,000 | 55,196,000 | 54,262,000 | 51,542,000 | 38,777,000 | 36,562,000 | 35,065,000 | 33,808,000 | 25,998,000 | 25,310,000 | 24,199,000 | 24,115,000 | 24,502,000 | 24,891,000 | 25,279,000 | 20,666,000 | 10,873,000 | 11,069,000 | 11,402,000 | 11,597,000 | 11,688,000 | |||||||||||||||||
cash | 49,121,000 | 51,565,000 | 52,621,000 | 21,414,000 | 27,058,000 | 39,790,000 | 60,634,000 | 50,030,000 | 44,557,000 | 36,424,000 | 18,445,000 | 16,707,000 | 22,769,000 | 22,818,000 | 723,511,000 | 113,044,000 | 72,148,000 | 88,804,000 | 89,618,000 | 95,457,000 | 94,935,000 | 62,217,000 | 70,589,000 | 84,797,000 | 42,701,000 | 46,203,000 | 64,048,000 | 24,834,000 | 25,181,000 | 30,140,000 | 59,469,000 | 34,102,000 | 28,927,000 | 24,271,000 | 26,877,000 | 21,355,000 | 28,144,000 | 18,269,000 | 13,970,000 | 29,639,000 | 14,569,000 | 11,081,000 | 28,188,000 | 27,087,000 | 31,514,000 | 30,620,000 | 77,037,000 | 27,234,000 | 20,618,000 | 39,469,000 | 87,398,000 | 12,757,000 | 22,371,000 | 14,023,000 | 31,301,000 | 32,175,000 | 70,306,000 | 346,000 | 26,000 | 109,000 | 375,000 | 1,000 | ||
total investments and cash | 4,889,453,000 | 4,663,620,000 | 4,690,177,000 | 4,426,062,000 | 4,204,238,000 | 4,084,631,000 | 4,223,734,000 | 3,887,349,000 | 3,757,704,000 | 3,676,318,000 | 3,455,270,000 | 3,590,576,000 | 3,424,016,000 | 3,272,301,000 | 3,687,375,000 | 2,932,966,000 | 3,025,112,000 | 3,162,968,000 | 3,102,005,000 | 3,034,420,000 | 2,876,426,000 | 2,837,081,000 | 2,746,328,000 | 2,645,528,000 | 2,416,251,000 | 2,560,360,000 | 2,514,481,000 | 2,414,797,000 | 2,305,154,000 | 2,194,230,000 | 2,230,764,000 | 2,167,879,000 | 2,095,919,000 | 2,140,790,000 | 2,171,571,000 | 2,104,181,000 | 2,039,673,000 | 2,021,827,000 | 2,116,751,000 | 2,098,799,000 | 2,005,772,000 | 1,951,543,000 | 1,999,395,000 | 1,976,842,000 | 1,980,146,000 | 1,964,285,000 | 2,063,990,000 | 2,017,457,000 | 1,952,261,000 | 1,922,058,000 | 1,882,211,000 | 1,840,548,000 | 1,852,828,000 | 1,960,302,000 | 1,908,595,000 | 1,948,371,000 | ||||||||
accrued investment income | 30,456,000 | 30,026,000 | 29,584,000 | 31,113,000 | 27,932,000 | 28,319,000 | 26,711,000 | 26,683,000 | 25,353,000 | 24,062,000 | 25,328,000 | 22,525,000 | 21,118,000 | 21,259,000 | 19,355,000 | 18,465,000 | 17,477,000 | 17,505,000 | 17,143,000 | 17,240,000 | 16,109,000 | 16,126,000 | 15,685,000 | 15,142,000 | 14,944,000 | 14,587,000 | 14,547,000 | 14,597,000 | 14,080,000 | 14,033,000 | 14,417,000 | 14,473,000 | 14,079,000 | 15,166,000 | 15,161,000 | 15,204,000 | 13,958,000 | 14,593,000 | 13,311,000 | 14,303,000 | 13,261,000 | 14,878,000 | 13,741,000 | 15,052,000 | 12,411,000 | 14,629,000 | 13,595,000 | 15,229,000 | 13,256,000 | 15,710,000 | 12,781,000 | 14,849,000 | 12,904,000 | 13,071,000 | 14,094,000 | 11,862,000 | 12,386,000 | 18,556,000 | ||||||
premiums and reinsurance balances receivable, net of allowances for uncollectible amounts of 21,696 at 3/31/26 and 23,673 at 12/31/25 | 243,451,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
ceded unearned premium | 118,476,000 | 123,039,000 | 121,090,000 | 117,790,000 | 120,845,000 | 114,893,000 | 107,822,000 | 111,072,000 | 112,353,000 | 119,975,000 | 137,346,000 | 132,417,000 | 126,311,000 | 127,765,000 | 120,116,000 | 111,071,000 | 102,902,000 | 93,679,000 | 88,789,000 | 88,174,000 | 78,957,000 | 71,011,000 | 66,400,000 | 65,007,000 | 57,356,000 | 54,186,000 | 52,654,000 | 48,804,000 | 54,014,000 | 52,536,000 | 49,164,000 | 52,161,000 | 52,603,000 | 49,011,000 | 62,646,000 | 72,396,000 | 58,835,000 | 69,842,000 | 79,493,000 | 69,888,000 | 73,082,000 | 74,598,000 | 61,998,000 | 56,670,000 | 83,385,000 | |||||||||||||||||||
reinsurance balances recoverable on unpaid losses and settlement expenses, net of allowances for uncollectible amounts of 11,479 at 3/31/26 and 11,107 at 12/31/25 | 740,503,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred policy acquisition costs | 176,187,000 | 172,648,000 | 181,488,000 | 180,765,000 | 169,628,000 | 166,214,000 | 172,069,000 | 167,295,000 | 152,924,000 | 146,566,000 | 150,666,000 | 148,336,000 | 134,995,000 | 127,859,000 | 128,979,000 | 123,055,000 | 112,004,000 | 103,553,000 | 104,309,000 | 99,898,000 | 92,595,000 | 88,425,000 | 89,818,000 | 87,560,000 | 84,208,000 | 85,044,000 | 86,523,000 | 85,952,000 | 82,893,000 | 84,934,000 | 84,232,000 | 83,624,000 | 77,622,000 | 77,716,000 | 77,782,000 | 76,276,000 | 71,995,000 | 73,147,000 | 75,805,000 | 75,416,000 | 69,489,000 | 69,829,000 | 72,300,000 | 71,575,000 | 65,247,000 | 65,123,000 | 68,372,000 | 68,190,000 | 62,586,000 | 61,508,000 | 63,215,000 | 62,007,000 | 55,130,000 | 55,777,000 | 55,924,000 | 51,655,000 | 72,744,000 | 77,137,000 | ||||||
property and equipment, at cost, net of accumulated depreciation of 86,547 at 3/31/26 and 84,459 at 12/31/25 | 39,809,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investment in unconsolidated investees | 56,053,000 | 53,521,000 | 63,652,000 | 61,183,000 | 56,684,000 | 56,477,000 | 65,271,000 | 67,249,000 | 66,134,000 | 56,966,000 | 56,110,000 | 55,250,000 | 52,398,000 | 58,275,000 | 58,105,000 | 187,310,000 | 179,351,000 | 171,311,000 | 158,721,000 | 148,561,000 | 134,314,000 | 128,382,000 | 128,154,000 | 112,662,000 | 108,081,000 | 103,836,000 | 113,528,000 | 108,977,000 | 100,174,000 | 94,967,000 | 95,007,000 | 91,594,000 | 85,564,000 | 90,067,000 | 88,374,000 | 84,032,000 | 76,833,000 | 72,240,000 | 82,276,000 | 80,144,000 | 74,548,000 | 70,784,000 | 71,451,000 | 71,179,000 | 65,089,000 | 60,046,000 | 67,250,000 | 64,487,000 | 58,568,000 | 56,558,000 | 53,146,000 | 46,368,000 | 36,482,000 | |||||||||||
goodwill and intangibles | 53,562,000 | 53,562,000 | 53,562,000 | 53,562,000 | 53,562,000 | 53,562,000 | 53,562,000 | 53,562,000 | 53,562,000 | 53,562,000 | 53,562,000 | 53,562,000 | 53,562,000 | 53,562,000 | 53,562,000 | 53,562,000 | 53,562,000 | 53,562,000 | 53,562,000 | 53,582,000 | 53,617,000 | 53,719,000 | 53,821,000 | 53,923,000 | 54,025,000 | 54,127,000 | 54,228,000 | 54,330,000 | 54,432,000 | 54,534,000 | 54,626,000 | 54,693,000 | 54,793,000 | 59,302,000 | 59,427,000 | 60,582,000 | 64,165,000 | 64,371,000 | 64,578,000 | 64,785,000 | 72,232,000 | 71,294,000 | 72,026,000 | 72,249,000 | 72,472,000 | 72,695,000 | 74,172,000 | 74,407,000 | 74,641,000 | 74,876,000 | 75,140,000 | 75,463,000 | 75,787,000 | 59,780,000 | 60,014,000 | 60,248,000 | ||||||||
other assets | 53,873,000 | 63,683,000 | 63,263,000 | 60,660,000 | 51,465,000 | 77,720,000 | 84,068,000 | 58,715,000 | 72,461,000 | 69,348,000 | 84,744,000 | 54,693,000 | 47,275,000 | 75,923,000 | 52,128,000 | 44,912,000 | 39,748,000 | 40,961,000 | 38,985,000 | 33,566,000 | 33,181,000 | 31,501,000 | 44,293,000 | 38,738,000 | 39,047,000 | 36,104,000 | 41,816,000 | 43,050,000 | 51,149,000 | 18,926,000 | 14,100,000 | 15,957,000 | 11,321,000 | 14,084,000 | 15,787,000 | 18,367,000 | 12,708,000 | 10,065,000 | 23,999,000 | 14,875,000 | 13,307,000 | 16,810,000 | 14,598,000 | 9,664,000 | 11,035,000 | 12,575,000 | 12,537,000 | 11,292,000 | 9,254,000 | 8,264,000 | 18,932,000 | 10,391,000 | 10,593,000 | 397,000 | 13,199,000 | 10,514,000 | 15,198,000 | 9,586,000 | 482,000 | 499,000 | 497,000 | 777,000 | 996,000 | 9,878,000 |
total assets | 6,401,823,000 | 6,161,486,000 | 6,247,000,000 | 5,990,807,000 | 5,729,154,000 | 5,628,802,000 | 5,791,755,000 | 5,511,673,000 | 5,338,409,000 | 5,180,221,000 | 5,083,526,000 | 5,065,846,000 | 4,836,219,000 | 4,767,068,000 | 5,211,665,000 | 4,401,763,000 | 4,407,635,000 | 4,508,302,000 | 4,432,666,000 | 4,280,630,000 | 3,972,440,000 | 3,938,485,000 | 3,792,501,000 | 3,619,279,000 | 3,378,611,000 | 3,545,721,000 | 3,505,064,000 | 3,375,109,000 | 3,236,875,000 | 3,105,065,000 | 3,073,522,000 | 3,007,805,000 | 2,894,192,000 | 2,947,244,000 | 2,956,520,000 | 2,881,582,000 | 2,777,518,000 | 2,777,633,000 | 2,913,534,000 | 2,892,213,000 | 2,759,854,000 | 2,736,579,000 | 2,829,389,000 | 2,815,185,000 | 2,780,564,000 | 2,775,542,000 | 2,933,483,000 | 2,908,996,000 | 2,791,347,000 | 2,740,310,000 | 2,886,637,000 | 2,675,675,000 | 2,620,279,000 | 914,954,000 | 2,754,154,000 | 2,689,505,000 | 2,678,950,000 | 2,522,930,000 | 944,369,000 | 911,818,000 | 961,530,000 | 834,026,000 | 901,919,000 | 2,807,933,000 |
liabilities and shareholders’ equity | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
liabilities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
unpaid losses and settlement expenses | 2,927,929,000 | 2,886,819,000 | 2,873,054,000 | 2,806,889,000 | 2,743,245,000 | 2,693,470,000 | 2,611,941,000 | 2,544,622,000 | 2,532,190,000 | 2,446,025,000 | 2,488,695,000 | 2,361,577,000 | 2,286,063,000 | 2,315,637,000 | 2,322,737,000 | 2,150,519,000 | 2,081,712,000 | 2,043,555,000 | 2,033,517,000 | 1,917,609,000 | 1,795,275,000 | 1,750,049,000 | 1,686,876,000 | 1,590,996,000 | 1,574,760,000 | 1,574,352,000 | 1,557,358,000 | 1,506,279,000 | 1,479,344,000 | 1,461,348,000 | 1,377,111,000 | 1,343,248,000 | 1,303,131,000 | 1,271,503,000 | 1,253,729,000 | 1,183,185,000 | 1,152,027,000 | 1,139,337,000 | 1,150,938,000 | 1,123,472,000 | 1,121,363,000 | 1,103,785,000 | 1,140,733,000 | 1,142,596,000 | 1,150,795,000 | 1,121,040,000 | 1,152,413,000 | 1,127,073,000 | 1,141,735,000 | 1,129,433,000 | 1,135,698,000 | 1,111,491,000 | 1,111,725,000 | 1,134,593,000 | 1,109,502,000 | 1,121,730,000 | 1,173,849,000 | 1,321,702,000 | ||||||
unearned premiums | 991,717,000 | 991,636,000 | 1,035,756,000 | 1,034,176,000 | 975,721,000 | 984,140,000 | 1,010,760,000 | 992,754,000 | 904,848,000 | 892,326,000 | 906,139,000 | 891,103,000 | 801,465,000 | 785,085,000 | 786,485,000 | 754,192,000 | 696,577,000 | 680,444,000 | 673,809,000 | 640,895,000 | 590,364,000 | 586,386,000 | 570,754,000 | 543,113,000 | 516,867,000 | 540,213,000 | 532,493,000 | 513,819,000 | 482,325,000 | 496,505,000 | 483,305,000 | 482,156,000 | 444,296,000 | 451,449,000 | 443,110,000 | 436,477,000 | 412,862,000 | 433,777,000 | 449,051,000 | 445,620,000 | 407,606,000 | 422,094,000 | 432,278,000 | 430,632,000 | 388,776,000 | 401,412,000 | 429,867,000 | 444,453,000 | 390,968,000 | 392,081,000 | 416,886,000 | 429,858,000 | 374,857,000 | 384,414,000 | 385,344,000 | 340,915,000 | 292,159,000 | 374,441,000 | ||||||
reinsurance balances payable | 23,455,000 | 40,580,000 | 35,951,000 | 32,773,000 | 27,693,000 | 44,681,000 | 43,423,000 | 38,968,000 | 35,157,000 | 71,507,000 | 56,570,000 | 35,931,000 | 28,091,000 | 61,100,000 | 50,349,000 | 39,291,000 | 26,264,000 | 42,851,000 | 38,093,000 | 34,946,000 | 26,560,000 | 42,265,000 | 31,646,000 | 24,777,000 | 30,865,000 | 25,691,000 | 25,690,000 | 21,227,000 | 14,286,000 | 22,591,000 | 18,396,000 | 18,938,000 | 12,233,000 | 21,624,000 | 21,006,000 | 22,216,000 | 16,612,000 | 17,928,000 | 17,425,000 | 17,679,000 | 15,588,000 | 37,556,000 | 38,829,000 | 36,915,000 | 33,083,000 | 38,013,000 | 37,683,000 | 62,402,000 | 44,784,000 | 47,334,000 | 44,530,000 | 41,232,000 | 26,041,000 | 65,793,000 | 64,122,000 | 52,318,000 | 18,137,000 | 83,663,000 | ||||||
funds held | 134,215,000 | 127,242,000 | 113,753,000 | 120,019,000 | 105,721,000 | 97,380,000 | 98,585,000 | 107,235,000 | 106,430,000 | 101,446,000 | 103,424,000 | 102,429,000 | 102,797,000 | 101,144,000 | 100,547,000 | 101,983,000 | 89,735,000 | 89,773,000 | 89,288,000 | 89,474,000 | 85,572,000 | 81,747,000 | 79,774,000 | 84,430,000 | 80,333,000 | 83,358,000 | 78,161,000 | 76,331,000 | 74,043,000 | 72,309,000 | 73,304,000 | 68,795,000 | 67,415,000 | 74,560,000 | 75,294,000 | 75,152,000 | 74,138,000 | 72,742,000 | 77,902,000 | 72,558,000 | 54,094,000 | 54,254,000 | 54,237,000 | 54,055,000 | 53,713,000 | 51,481,000 | 53,834,000 | 59,398,000 | 58,850,000 | 61,656,000 | 64,047,000 | 57,759,000 | 59,637,000 | 57,604,000 | 59,595,000 | 111,362,000 | ||||||||
income taxes-current | 26,797,000 | 9,792,000 | 10,009,000 | 24,735,000 | 4,369,000 | 7,610,000 | 25,455,000 | 5,546,000 | 5,326,000 | 15,802,000 | 132,446,000 | 7,661,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
income taxes-deferred | 5,566,000 | 23,157,000 | 3,475,000 | 10,043,000 | 15,369,000 | 12,291,000 | 10,700,000 | 51,403,000 | 29,864,000 | 27,571,000 | 51,791,000 | 2,389,000 | 47,412,000 | 78,308,000 | 82,110,000 | 74,624,000 | 66,008,000 | 57,421,000 | 26,546,000 | 55,910,000 | 50,487,000 | 39,672,000 | 38,260,000 | 36,432,000 | 40,234,000 | 84,982,000 | 79,868,000 | 72,192,000 | 85,152,000 | 86,930,000 | 76,186,000 | 60,583,000 | 68,462,000 | 79,356,000 | 77,086,000 | 81,963,000 | 68,995,000 | 54,337,000 | 51,586,000 | 68,049,000 | 63,553,000 | 50,905,000 | 43,837,000 | 37,121,000 | 21,118,000 | |||||||||||||||||||
short-term debt | 50,000,000 | 100,000,000 | 100,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
long-term debt | 297,247,000 | 50,000,000 | 199,676,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accrued expenses | 68,016,000 | 128,597,000 | 110,660,000 | 80,958,000 | 63,454,000 | 124,242,000 | 105,813,000 | 83,805,000 | 68,216,000 | 108,880,000 | 85,640,000 | 70,220,000 | 57,480,000 | 94,869,000 | 81,066,000 | 68,052,000 | 57,101,000 | 98,274,000 | 74,155,000 | 60,849,000 | 45,784,000 | 75,925,000 | 46,516,000 | 35,998,000 | 27,536,000 | 66,626,000 | 47,952,000 | 41,046,000 | 28,896,000 | 45,124,000 | 45,420,000 | 38,384,000 | 26,621,000 | 52,848,000 | 35,682,000 | 35,130,000 | 27,791,000 | 51,992,000 | 40,029,000 | 39,352,000 | 33,558,000 | 55,742,000 | 47,609,000 | 40,303,000 | 33,902,000 | 63,148,000 | 52,392,000 | 40,199,000 | 34,069,000 | 59,596,000 | 49,108,000 | 34,895,000 | 34,206,000 | 45,499,000 | 36,888,000 | 42,558,000 | 27,182,000 | |||||||
other liabilities | 80,491,000 | 56,923,000 | 70,701,000 | 67,847,000 | 84,373,000 | 62,173,000 | 53,145,000 | 51,972,000 | 45,361,000 | 42,766,000 | 38,421,000 | 47,392,000 | 40,690,000 | 32,029,000 | 144,226,000 | 41,380,000 | 55,689,000 | 40,859,000 | 45,611,000 | 63,362,000 | 49,939,000 | 36,411,000 | 62,145,000 | 81,691,000 | 56,650,000 | 54,064,000 | 58,625,000 | 56,764,000 | 74,442,000 | 26,993,000 | 16,802,000 | 21,033,000 | 18,354,000 | 18,966,000 | 14,680,000 | 22,985,000 | 25,233,000 | 25,050,000 | 21,929,000 | 44,420,000 | 30,664,000 | 26,018,000 | 22,311,000 | 24,677,000 | 29,308,000 | 23,476,000 | 47,080,000 | 24,509,000 | 32,777,000 | 13,861,000 | 17,453,000 | 24,217,000 | 12,249,000 | 474,000 | 8,329,000 | 29,424,000 | 37,553,000 | 54,622,000 | 571,000 | 772,000 | 660,000 | 624,000 | 637,000 | 88,123,000 |
total liabilities | 4,605,433,000 | 4,383,290,000 | 4,372,824,000 | 4,256,146,000 | 4,124,942,000 | 4,106,835,000 | 4,043,405,000 | 3,926,966,000 | 3,817,657,000 | 3,766,707,000 | 3,784,435,000 | 3,713,934,000 | 3,532,298,000 | 3,589,727,000 | 3,817,672,000 | 3,357,575,000 | 3,254,213,000 | 3,278,941,000 | 3,182,410,000 | 3,038,827,000 | 2,817,654,000 | 2,802,507,000 | 2,693,161,000 | 2,567,821,000 | 2,462,906,000 | 2,550,333,000 | 2,505,444,000 | 2,415,161,000 | 2,342,170,000 | 2,298,223,000 | 2,201,666,000 | 2,158,008,000 | 2,061,259,000 | 2,093,646,000 | 2,077,364,000 | 2,003,848,000 | 1,929,643,000 | 1,954,061,000 | 1,991,120,000 | 1,978,679,000 | 1,887,660,000 | 1,913,110,000 | 1,946,238,000 | 1,947,287,000 | 1,918,569,000 | 1,930,480,000 | 1,999,970,000 | 1,989,601,000 | 1,921,771,000 | 1,911,344,000 | 2,032,059,000 | 1,851,038,000 | 1,786,764,000 | 118,591,000 | 1,859,785,000 | 1,835,780,000 | 1,850,273,000 | 1,703,070,000 | 125,517,000 | 120,442,000 | 129,280,000 | 125,872,000 | 127,497,000 | 2,023,669,000 |
shareholders’ equity | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock | 67,079,000 | 66,875,000 | 66,474,000 | 66,033,000 | 65,913,000 | 32,728,000 | 32,686,000 | 32,683,000 | 32,627,000 | 32,318,000 | 32,179,000 | 32,106,000 | 31,870,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
paid-in capital | 380,075,000 | 376,679,000 | 374,468,000 | 372,539,000 | 370,422,000 | 367,645,000 | 371,398,000 | 369,785,000 | 366,701,000 | 362,345,000 | 360,453,000 | 357,656,000 | 355,254,000 | 352,391,000 | 352,129,000 | 349,161,000 | 346,791,000 | 343,742,000 | 340,868,000 | 338,099,000 | 336,757,000 | 335,365,000 | 332,629,000 | 325,862,000 | 325,052,000 | 321,190,000 | 318,092,000 | 315,766,000 | 308,551,000 | 305,660,000 | 303,399,000 | 303,245,000 | 235,694,000 | 233,077,000 | 233,954,000 | 233,471,000 | 231,253,000 | 229,107,000 | 226,913,000 | 225,072,000 | 220,738,000 | 217,165,000 | 215,345,000 | 212,733,000 | 211,774,000 | 209,908,000 | 240,125,000 | 238,699,000 | 236,801,000 | 233,442,000 | 232,521,000 | 231,331,000 | 217,855,000 | 189,980,000 | ||||||||||
accumulated other comprehensive earnings | -113,440,000 | -88,074,000 | -97,318,000 | -124,992,000 | -143,693,000 | -173,723,000 | -106,524,000 | -186,817,000 | -178,974,000 | -166,303,000 | -267,924,000 | -211,090,000 | -191,369,000 | -229,076,000 | -244,566,000 | -163,318,000 | -65,755,000 | 49,826,000 | 66,904,000 | 79,144,000 | 63,967,000 | 108,714,000 | 102,585,000 | 93,035,000 | 39,464,000 | 57,934,000 | 42,593,000 | 14,729,000 | -22,344,000 | -14,648,000 | -6,973,000 | 153,422,000 | 144,978,000 | 134,379,000 | 157,672,000 | 164,603,000 | 145,537,000 | 122,720,000 | 138,856,000 | 163,788,000 | 161,345,000 | 173,698,000 | 153,764,000 | 125,296,000 | 127,242,000 | 160,723,000 | 155,038,000 | 133,991,000 | 128,101,000 | 101,240,000 | 90,792,000 | |||||||||||||
retained earnings | 1,921,376,000 | 1,881,213,000 | 1,988,648,000 | 1,878,736,000 | 1,769,106,000 | 1,719,668,000 | 1,875,788,000 | 1,794,051,000 | 1,725,337,000 | 1,609,785,000 | 1,598,875,000 | 1,597,660,000 | 1,532,350,000 | 1,446,341,000 | 1,678,746,000 | 1,250,661,000 | 1,264,703,000 | 1,228,110,000 | 1,234,801,000 | 1,216,877,000 | 1,146,380,000 | 1,084,217,000 | 1,056,445,000 | 1,024,881,000 | 943,509,000 | 1,014,046,000 | 1,015,915,000 | 993,911,000 | 963,749,000 | 908,079,000 | 983,126,000 | 953,526,000 | 930,028,000 | 788,522,000 | 817,789,000 | 825,307,000 | 808,342,000 | 797,307,000 | 861,797,000 | 848,312,000 | 827,982,000 | 804,875,000 | 866,378,000 | 838,713,000 | 809,740,000 | 786,908,000 | 886,477,000 | 860,968,000 | 832,984,000 | 811,320,000 | 849,244,000 | 818,889,000 | 796,242,000 | 778,202,000 | 866,202,000 | 847,529,000 | 829,569,000 | 854,732,000 | 834,111,000 | 834,375,000 | 877,791,000 | 807,195,000 | 749,767,000 | 666,497,000 |
deferred compensation | 11,536,000 | 14,082,000 | 12,713,000 | 12,611,000 | 11,812,000 | 13,498,000 | 11,917,000 | 13,183,000 | 12,749,000 | 13,539,000 | 12,617,000 | 12,507,000 | 12,264,000 | 12,015,000 | 9,047,000 | 8,945,000 | 8,669,000 | 9,642,000 | 8,330,000 | 8,251,000 | 7,926,000 | 8,292,000 | 7,703,000 | 7,600,000 | 6,970,000 | 7,980,000 | 7,788,000 | 7,530,000 | 7,315,000 | 8,354,000 | 7,765,000 | 7,936,000 | 8,056,000 | 8,640,000 | 7,666,000 | 7,642,000 | 11,265,000 | 11,496,000 | 10,395,000 | 10,467,000 | 10,585,000 | 10,647,000 | 9,342,000 | 14,042,000 | 13,946,000 | 13,769,000 | 11,687,000 | 11,626,000 | 11,565,000 | 11,562,000 | 10,482,000 | 10,330,000 | 10,162,000 | 11,106,000 | 10,175,000 | 9,912,000 | 9,179,000 | 8,376,000 | 10,445,000 | 6,474,000 | 7,989,000 | 8,312,000 | 7,980,000 | 7,576,000 |
less: treasury shares, at cost | -404,535,000 | -405,712,000 | -405,610,000 | -404,811,000 | -404,916,000 | -406,182,000 | -405,748,000 | -405,616,000 | -405,506,000 | -405,263,000 | -402,046,000 | -401,944,000 | -401,668,000 | -401,329,000 | -401,250,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
total shareholders’ equity | 1,796,390,000 | 1,874,176,000 | 1,734,661,000 | 1,604,212,000 | 1,748,350,000 | 1,584,707,000 | 1,520,752,000 | 1,299,091,000 | 1,351,912,000 | 1,303,921,000 | 1,393,993,000 | 1,044,188,000 | 1,153,422,000 | 1,250,256,000 | 1,241,803,000 | 1,154,786,000 | 1,099,340,000 | 1,051,458,000 | 915,705,000 | 995,388,000 | 999,620,000 | 959,948,000 | 894,705,000 | 806,842,000 | 871,856,000 | 849,797,000 | 832,933,000 | 853,598,000 | 879,156,000 | 877,734,000 | 847,875,000 | 823,572,000 | 922,414,000 | 913,534,000 | 872,194,000 | 823,469,000 | 883,151,000 | 867,898,000 | 861,995,000 | 845,062,000 | 933,513,000 | 919,395,000 | 869,576,000 | 828,966,000 | 854,578,000 | 824,637,000 | 833,515,000 | 796,363,000 | 894,369,000 | 853,725,000 | 828,677,000 | 819,860,000 | 818,852,000 | 791,376,000 | 708,154,000 | |||||||||
total liabilities and shareholders’ equity | 6,401,823,000 | 6,247,000,000 | 5,990,807,000 | 5,729,154,000 | 5,791,755,000 | 5,511,673,000 | 5,338,409,000 | 5,083,526,000 | 5,065,846,000 | 4,836,219,000 | 5,211,665,000 | 4,401,763,000 | 4,407,635,000 | 4,432,666,000 | 4,280,630,000 | 3,972,440,000 | 3,792,501,000 | 3,619,279,000 | 3,378,611,000 | 3,545,721,000 | 3,505,064,000 | 3,375,109,000 | 3,236,875,000 | 3,105,065,000 | 3,073,522,000 | 3,007,805,000 | 2,894,192,000 | 2,947,244,000 | 2,956,520,000 | 2,881,582,000 | 2,777,518,000 | 2,777,633,000 | 2,913,534,000 | 2,892,213,000 | 2,759,854,000 | 2,736,579,000 | 2,829,389,000 | 2,815,185,000 | 2,780,564,000 | 2,775,542,000 | 2,933,483,000 | 2,908,996,000 | 2,791,347,000 | 2,740,310,000 | 2,886,637,000 | 2,675,675,000 | 2,620,279,000 | 914,954,000 | 2,754,154,000 | 2,689,505,000 | 2,678,950,000 | 2,522,930,000 | 944,369,000 | 911,818,000 | 834,026,000 | |||||||||
premiums and reinsurance balances receivable, net of allowances for uncollectible amounts of 23,673 in 2025 and 22,932 in 2024 | 212,226,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
ceded unearned premiums | 124,669,000 | 124,955,000 | 112,257,000 | 138,457,000 | 130,916,000 | 113,488,000 | 93,656,000 | 71,174,000 | 57,928,000 | 52,173,000 | 52,833,000 | 53,961,000 | 60,407,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
reinsurance balances recoverable on unpaid losses and settlement expenses, net of allowances for uncollectible amounts of 11,107 in 2025 and 9,580 in 2024 | 746,798,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
property and equipment, at cost, net of accumulated depreciation of 84,459 in 2025 and 76,330 in 2024 | 40,733,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income taxes - deferred | 7,793,000 | 15,872,000 | 40,269,000 | 83,509,000 | 80,235,000 | 56,727,000 | 24,238,000 | 53,768,000 | 64,494,000 | 63,993,000 | 82,285,000 | 57,801,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
liabilities and shareholders' equity | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income taxes - current | 29,724,000 | 749,000 | 3,757,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
shareholders' equity | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
treasury stock | -407,081,000 | -406,497,000 | -406,538,000 | -405,014,000 | -402,641,000 | -401,291,000 | -400,979,000 | -401,353,000 | -401,639,000 | -404,495,000 | -403,646,000 | -406,768,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
total shareholders' equity | 1,778,196,000 | 1,521,967,000 | 1,413,514,000 | 1,177,341,000 | 1,229,361,000 | 1,135,978,000 | 832,250,000 | 774,422,000 | 784,264,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
total liabilities and shareholders' equity | 6,161,486,000 | 5,628,802,000 | 5,180,221,000 | 4,767,068,000 | 4,508,302,000 | 3,938,485,000 | 961,530,000 | 901,919,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
premiums and reinsurance balances receivable, net of allowances for uncollectible amounts of 23,452 at 9/30/25 and 22,932 at 12/31/24 | 231,530,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
reinsurance balances recoverable on unpaid losses and settlement expenses, net of allowances for uncollectible amounts of 11,063 at 9/30/25 and 9,580 at 12/31/24 | 769,611,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
property and equipment, at cost, net of accumulated depreciation of 82,340 at 9/30/25 and 76,330 at 12/31/24 | 41,094,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
debt | 100,000,000 | 100,000,000 | 100,000,000 | 100,000,000 | 100,000,000 | 100,000,000 | 100,000,000 | 100,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
premiums and reinsurance balances receivable, net of allowances for uncollectible amounts of 23,325 at 6/30/25 and 22,932 at 12/31/24 | 252,931,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
reinsurance balances recoverable on unpaid losses and settlement expenses, net of allowances for uncollectible amounts of 10,174 at 6/30/25 and 9,580 at 12/31/24 | 761,719,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
property and equipment, at cost, net of accumulated depreciation of 80,332 at 6/30/25 and 76,330 at 12/31/24 | 41,722,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
premiums and reinsurance balances receivable, net of allowances for uncollectible amounts of 23,085 at 3/31/25 and 22,932 at 12/31/24 | 242,655,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
reinsurance balances recoverable on unpaid losses and settlement expenses, net of allowances for uncollectible amounts of 10,341 at 3/31/25 and 9,580 at 12/31/24 | 752,829,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
property and equipment, at cost, net of accumulated depreciation of 78,322 at 3/31/25 and 76,330 at 12/31/24 | 42,328,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 1,376,000 | 685,000 | 685,000 | 684,000 | 683,000 | 679,000 | 679,000 | 678,000 | 678,000 | 677,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
premiums and reinsurance balances receivable, net of allowances for uncollectible amounts of 22,932 in 2024 and 21,438 in 2023 | 230,534,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
reinsurance balances recoverable on unpaid losses and settlement expenses, net of allowances for uncollectible amounts of 9,580 in 2024 and 10,608 in 2023 | 755,425,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
property and equipment, at cost, net of accumulated depreciation of 76,330 in 2024 and 74,279 in 2023 | 43,172,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
premiums and reinsurance balances receivable, net of allowances for uncollectible amounts of 22,049 at 9/30/24 and 21,438 at 12/31/23 | 241,311,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
reinsurance balances recoverable on unpaid losses and settlement expenses, net of allowances for uncollectible amounts of 10,055 at 9/30/24 and 10,608 at 12/31/23 | 759,540,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
property and equipment, at cost, net of accumulated depreciation of 74,821 at 9/30/24 and 74,279 at 12/31/23 | 44,644,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
premiums and reinsurance balances receivable, net of allowances for uncollectible amounts of 21,791 at 6/30/24 and 21,438 at 12/31/23 | 294,774,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
reinsurance balances recoverable on unpaid losses and settlement expenses, net of allowances for uncollectible amounts of 11,025 at 6/30/24 and 10,608 at 12/31/23 | 782,288,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
property and equipment, at cost, net of accumulated depreciation of 74,768 at 6/30/24 and 74,279 at 12/31/23 | 46,574,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
premiums and reinsurance balances receivable, net of allowances for uncollectible amounts of 21,699 at 3/31/24 and 21,438 at 12/31/23 | 230,537,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
reinsurance balances recoverable on unpaid losses and settlement expenses, net of allowances for uncollectible amounts of 11,085 at 3/31/24 and 10,608 at 12/31/23 | 814,676,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
property and equipment, at cost, net of accumulated depreciation of 75,558 at 3/31/24 and 74,279 at 12/31/23 | 46,536,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
premiums and reinsurance balances receivable, net of allowances for uncollectible amounts of 21,438 in 2023 and 18,696 in 2022 | 221,206,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
reinsurance balances recoverable on unpaid losses and settlement expenses, net of allowances for uncollectible amounts of 10,608 in 2023 and 11,250 in 2022 | 757,349,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
property and equipment, at cost, net of accumulated depreciation of 74,279 in 2023 and 68,633 in 2022 | 46,715,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
premiums and reinsurance balances receivable, net of allowances for uncollectible amounts of 19,415 at 9/30/23 and 18,696 at 12/31/22 | 225,821,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
reinsurance balances recoverable on unpaid losses and settlement expenses, net of allowances for uncollectible amounts of 11,131 at 9/30/23 and 11,250 at 12/31/22 | 820,954,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
property and equipment, at cost, net of accumulated depreciation of 74,416 at 9/30/23 and 68,633 at 12/31/22 | 48,596,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
premiums and reinsurance balances receivable, net of allowances for uncollectible amounts of 18,768 at 6/30/23 and 18,696 at 12/31/22 | 229,471,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
reinsurance balances recoverable on unpaid losses and settlement expenses, net of allowances for uncollectible amounts of 10,251 at 6/30/23 and 11,250 at 12/31/22 | 720,858,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
property and equipment, at cost, net of accumulated depreciation of 72,404 at 6/30/23 and 68,633 at 12/31/22 | 48,358,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
current portion of long-term debt | 199,956,000 | 199,910,000 | 199,863,000 | 149,816,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
premiums and reinsurance balances receivable, net of allowances for uncollectible amounts of 18,723 at 3/31/23 and 18,696 at 12/31/22 | 206,445,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
reinsurance balances recoverable on unpaid losses and settlement expenses, net of allowances for uncollectible amounts of 10,922 at 3/31/23 and 11,250 at 12/31/22 | 699,915,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
property and equipment, at cost, net of accumulated depreciation of 70,477 at 3/31/23 and 68,633 at 12/31/22 | 48,949,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
premiums and reinsurance balances receivable, net of allowances for uncollectible amounts of 18,696 in 2022 and 18,067 in 2021 | 189,501,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
reinsurance balances recoverable on unpaid losses and settlement expenses, net of allowances for uncollectible amounts of 11,250 in 2022 and 11,188 in 2021 | 740,089,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
property and equipment, at cost, net of accumulated depreciation of 68,633 in 2022 and 75,236 in 2021 | 49,573,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
premiums and reinsurance balances receivable, net of allowances for uncollectible amounts of 18,478 at 9/30/22 and 18,067 at 12/31/21 | 201,781,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
reinsurance balances recoverable on unpaid losses and settlement expenses, net of allowances for uncollectible amounts of 11,400 at 9/30/22 and 11,188 at 12/31/21 | 770,858,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
property and equipment, at cost, net of accumulated depreciation of 67,911 at 9/30/22 and 75,236 at 12/31/21 | 50,385,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
premiums and reinsurance balances receivable, net of allowances for uncollectible amounts of 18,193 at 6/30/22 and 18,067 at 12/31/21 | 191,391,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
reinsurance balances recoverable on unpaid losses and settlement expenses, net of allowances for uncollectible amounts of 10,949 at 6/30/22 and 11,188 at 12/31/21 | 666,730,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
property and equipment, at cost, net of accumulated depreciation of 71,680 at 6/30/22 and 75,236 at 12/31/21 | 50,955,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
bonds payable, long-term debt | 199,769,000 | 199,723,000 | 149,629,000 | 149,582,000 | 149,536,000 | 149,489,000 | 149,442,000 | 149,395,000 | 149,349,000 | 149,302,000 | 149,255,000 | 149,208,000 | 149,162,000 | 149,115,000 | 149,068,000 | 149,022,000 | 148,975,000 | 148,928,000 | 148,881,000 | 148,835,000 | 148,788,000 | 148,741,000 | 148,694,000 | 148,648,000 | 148,601,000 | 149,668,000 | 149,658,000 | 149,647,000 | 149,636,000 | 149,625,000 | 149,615,000 | 149,604,000 | 149,593,000 | 100,000,000 | 100,000,000 | 100,000,000 | 100,000,000 | 100,000,000 | 100,000,000 | 100,000,000 | 100,000,000 | 100,000,000 | 100,000,000 | 100,000,000 | 100,000,000 | |||||||||||||||||||
premiums and reinsurance balances receivable, net of allowances for uncollectible amounts of 18,381 at 3/31/22 and 18,067 at 12/31/21 | 170,501,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
reinsurance balances recoverable on unpaid losses and settlement expenses, net of allowances for uncollectible amounts of 10,983 at 3/31/22 and 11,188 at 12/31/21 | 631,445,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
property and equipment, at cost, net of accumulated depreciation of 77,131 at 3/31/22 and 75,236 at 12/31/21 | 52,124,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
premiums and reinsurance balances receivable, net of allowances for uncollectible amounts of 18,067 in 2021 and 17,658 in 2020 | 167,279,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
reinsurance balances recoverable on unpaid losses and settlement expenses, net of allowances for uncollectible amounts of 11,188 in 2021 and 8,634 in 2020 | 608,086,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
property and equipment, at cost, net of accumulated depreciation of 75,236 in 2021 and 68,682 in 2020 | 52,161,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
premiums and reinsurance balances receivable, net of allowances for uncollectible amounts of 18,860 at 9/30/21 and 17,658 at 12/31/20 | 177,162,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
reinsurance balances recoverable on unpaid losses and settlement expenses, net of allowances for uncollectible amounts of 10,067 at 9/30/21 and 8,634 at 12/31/20 | 602,154,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
property and equipment, at cost, net of accumulated depreciation of 73,746 at 9/30/21 and 68,682 at 12/31/20 | 50,860,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
premiums and reinsurance balances receivable, net of allowances for uncollectible amounts of 18,410 at 6/30/21 and 17,658 at 12/31/20 | 177,237,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
reinsurance balances recoverable on unpaid losses and settlement expenses, net of allowances for uncollectible amounts of 9,220 at 6/30/21 and 8,634 at 12/31/20 | 545,085,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
property and equipment, at cost, net of accumulated depreciation of 71,928 at 6/30/21 and 68,682 at 12/31/20 | 50,925,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
premiums and reinsurance balances receivable, net of allowances for uncollectible amounts of 18,172 at 3/31/21 and 17,658 at 12/31/20 | 149,736,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
reinsurance balances recoverable on unpaid losses and settlement expenses, net of allowances for uncollectible amounts of 8,953 at 3/31/21 and 8,634 at 12/31/20 | 454,921,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
property and equipment, at cost, net of accumulated depreciation of 70,089 at 3/31/21 and 68,682 at 12/31/20 | 50,470,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
premiums and reinsurance balances receivable, net of allowances for uncollectible amounts of 17,658 in 2020 and 16,682 in 2019 | 174,628,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
reinsurance balances recoverable on unpaid losses and settlement expenses, net of allowances for uncollectible amounts of 8,634 in 2020 and 9,402 in 2019 | 443,729,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
property and equipment, at cost, net of accumulated depreciation of 68,682 in 2020 and 62,703 in 2019 | 51,406,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
premiums and reinsurance balances receivable, net of allowances for uncollectible amounts of 17,246 at 9/30/20 and 16,682 at 12/31/19 | 159,427,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
reinsurance balances recoverable on unpaid losses and settlement expenses, net of allowances for uncollectible amounts of 8,097 at 9/30/20 and 9,402 at 12/31/19 | 399,960,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
property and equipment, at cost, net of accumulated depreciation of 67,555 at 9/30/20 and 62,703 at 12/31/19 | 52,113,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
premiums and reinsurance balances receivable, net of allowances for uncollectible amounts of 17,139 at 6/30/20 and 16,682 at 12/31/19 | 154,941,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
reinsurance balances recoverable on unpaid losses and settlement expenses, net of allowances for uncollectible amounts of 8,035 at 6/30/20 and 9,402 at 12/31/19 | 364,756,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
property and equipment, at cost, net of accumulated depreciation of 65,762 at 6/30/20 and 62,703 at 12/31/19 | 52,350,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
less: treasury shares at cost | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
premiums and reinsurance balances receivable, net of allowances for uncollectible amounts of 16,948 at 3/31/20 and 16,682 at 12/31/19 | 154,084,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
reinsurance balances recoverable on unpaid losses and settlement expenses, net of allowances for uncollectible amounts of 8,539 at 3/31/20 and 9,402 at 12/31/19 | 366,441,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
property and equipment, at cost, net of accumulated depreciation of 64,322 at 3/31/20 and 62,703 at 12/31/19 | 52,741,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
premiums and reinsurance balances receivable, net of allowances for uncollectible amounts of 16,682 in 2019 and 16,967 in 2018 | 160,369,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
reinsurance balances recoverable on unpaid losses and settlement expenses, net of allowances for uncollectible amounts of 9,402 in 2019 and 9,793 in 2018 | 384,517,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
property and equipment, at cost, net of accumulated depreciation of 62,703 in 2019 and 54,275 in 2018 | 53,121,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
liabilities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
shareholders’ equity: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accumulated other comprehensive earnings, net of tax | 52,473,000 | -14,572,000 | 157,919,000 | 122,610,000 | 123,774,000 | 171,383,000 | 136,027,000 | 143,170,000 | 117,325,000 | 95,992,000 | 77,411,000 | 15,130,000 | 95,701,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
premiums and reinsurance balances receivable, net of allowances for uncollectible amounts of 16,860 at 9/30/19 and 16,967 at 12/31/18 | 157,111,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
reinsurance balances recoverable on unpaid losses and settlement expenses, net of allowances for uncollectible amounts of 9,764 at 9/30/19 and 9,793 at 12/31/18 | 382,030,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
property and equipment, at cost, net of accumulated depreciation of 60,299 at 9/30/19 and 54,275 at 12/31/18 | 52,626,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
premiums and reinsurance balances receivable, net of allowances for uncollectible amounts of 16,829 at 6/30/19 and 16,967 at 12/31/18 | 158,559,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
reinsurance balances recoverable on unpaid losses and settlement expenses, net of allowances for uncollectible amounts of 9,792 at 6/30/19 and 9,793 at 12/31/18 | 362,310,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
property and equipment, at cost, net of accumulated depreciation of 58,330 at 6/30/19 and 54,275 at 12/31/18 | 53,580,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
premiums and reinsurance balances receivable, net of allowances for uncollectible amounts of 17,055 at 3/31/19 and 16,967 at 12/31/18 | 139,487,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
reinsurance balances recoverable on unpaid losses and settlement expenses, net of allowances for uncollectible amounts of 9,808 at 3/31/19 and 9,793 at 12/31/18 | 364,374,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
property and equipment, at cost, net of accumulated depreciation of 56,322 at 3/31/19 and 54,275 at 12/31/18 | 54,121,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
premiums and reinsurance balances receivable, net of allowances for uncollectible amounts of 16,967 in 2018 and 16,935 in 2017 | 152,576,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
reinsurance balances recoverable on unpaid losses and settlement expenses, net of allowances for uncollectible amounts of 9,793 in 2018 and 10,014 in 2017 | 364,999,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
property and equipment, at cost, net of accumulated depreciation of 54,275 in 2018 and 47,676 in 2017 | 54,692,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
premiums and reinsurance balances receivable, net of allowances for uncollectible amounts of 17,076 at 9/30/18 and 16,935 at 12/31/17 | 138,480,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
reinsurance balances recoverable on unpaid losses and settlement expenses, net of allowances for uncollectible amounts of 9,827 at 9/30/18 and 10,014 at 12/31/17 | 320,027,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
property and equipment, at cost, net of accumulated depreciation of 52,418 at 9/30/18 and 47,676 at 12/31/17 | 55,469,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
premiums and reinsurance balances receivable, net of allowances for uncollectible amounts of 16,933 at 6/30/18 and 16,935 at 12/31/17 | 143,442,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
reinsurance balances recoverable on unpaid losses and settlement expenses, net of allowances for uncollectible amounts of 10,005 at 6/30/18 and 10,014 at 12/31/17 | 315,117,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
property and equipment, at cost, net of accumulated depreciation of 51,026 at 6/30/18 and 47,676 at 12/31/17 | 56,019,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
premiums and reinsurance balances receivable, net of allowances for uncollectible amounts of 16,984 at 3/31/18 and 16,935 at 12/31/17 | 132,682,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
reinsurance balances recoverable on unpaid losses and settlement expenses, net of allowances for uncollectible amounts of 9,945 at 3/31/18 and 10,014 at 12/31/17 | 308,703,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
property and equipment, at cost, net of accumulated depreciation of 49,350 at 3/31/18 and 47,676 at 12/31/17 | 56,153,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
equity securities available-for-sale, at fair value | 400,492,000 | 393,213,000 | 387,802,000 | 383,929,000 | 369,219,000 | 382,282,000 | 398,825,000 | 389,551,000 | 375,424,000 | 410,642,000 | 418,654,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
premiums and reinsurance balances receivable, net of allowances for uncollectible amounts of 16,935 in 2017 and 15,981 in 2016 | 134,351,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
reinsurance balances recoverable on unpaid losses and settlement expenses, net of allowances for uncollectible amounts of 10,014 in 2017 and 10,699 in 2016 | 301,991,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
property and equipment, at cost, net of accumulated depreciation of 47,676 in 2017 and 41,999 in 2016 | 55,849,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
premiums and reinsurance balances receivable, net of allowances for uncollectible amounts of 16,543 at 9/30/17 and 15,981 at 12/31/16 | 127,388,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
reinsurance balances recoverable on unpaid losses and settlement expenses, net of allowances for uncollectible amounts of 10,066 at 9/30/17 and 10,699 at 12/31/16 | 291,074,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
property and equipment, at cost, net of accumulated depreciation of 45,927 at 9/30/17 and 41,999 at 12/31/16 | 55,770,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
premiums and reinsurance balances receivable, net of allowances for uncollectible amounts of 16,075 at 6/30/17 and 15,981 at 12/31/16 | 133,171,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
reinsurance balances recoverable on unpaid losses and settlement expenses, net of allowances for uncollectible amounts of 10,467 at 6/30/17 and 10,699 at 12/31/16 | 280,568,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
property and equipment, at cost, net of accumulated depreciation of 44,999 at 6/30/17 and 41,999 at 12/31/16 | 56,547,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investments | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
fixed income | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
premiums and reinsurance balances receivable, net of allowances for uncollectible amounts of 16,222 at 3/31/17 and 15,981 at 12/31/16 | 121,863,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
reinsurance balances recoverable on unpaid losses and settlement expenses, net of allowances for uncollectible amounts of 10,426 at 3/31/17 and 10,699 at 12/31/16 | 271,346,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
property and equipment, at cost, net of accumulated depreciation of 43,493 at 3/31/17 and 41,999 at 12/31/16 | 56,173,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
premiums and reinsurance balances receivable, net of allowances for uncollectible amounts of 15,981 in 2016 and 14,898 in 2015 | 126,387,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
reinsurance balances recoverable on unpaid losses and settlement expenses, net of allowances for uncollectible amounts of 10,699 in 2016 and 11,885 in 2015 | 288,224,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
property and equipment, at cost, net of accumulated depreciation of 41,999 in 2016 and 38,447 in 2015 | 54,606,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
paid in capital | 229,779,000 | 221,345,000 | 213,737,000 | 208,705,000 | 235,262,000 | 227,788,000 | 215,066,000 | 207,386,000 | 196,989,000 | 192,446,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
premiums and reinsurance balances receivable, net of allowances for uncollectible amounts of 15,739 at 9/30/16 and 14,898 at 12/31/15 | 136,214,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
reinsurance balances recoverable on unpaid losses and settlement expenses, net of allowances for uncollectible amounts of 10,956 at 9/30/16 and 11,885 at 12/31/15 | 292,943,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
property and equipment, at cost, net of accumulated depreciation of 43,011 at 9/30/16 and 38,447 at 12/31/15 | 53,643,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
premiums and reinsurance balances receivable, net of allowances for uncollectible amounts of 15,609 at 6/30/16 and 14,898 at 12/31/15 | 148,894,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
reinsurance balances recoverable on unpaid losses and settlement expenses, net of allowances for uncollectible amounts of 11,096 at 6/30/16 and 11,885 at 12/31/15 | 289,856,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
property and equipment, at cost, net of accumulated depreciation of 41,054 at 6/30/16 and 38,447 at 12/31/15 | 52,605,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
premiums and reinsurance balances receivable, net of allowances for uncollectible amounts of 15,168 at 3/31/16 and 14,898 at 12/31/15 | 115,183,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
reinsurance balances recoverable on unpaid losses and settlement expenses, net of allowances for uncollectible amounts of 11,497 at 3/31/16 and 11,885 at 12/31/15 | 297,240,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
property and equipment, at cost, net of accumulated depreciation of 39,910 at 3/31/16 and 38,447 at 12/31/15 | 49,658,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
premiums and reinsurance balances receivable, net of allowances for uncollectible amounts of 14,898 in 2015 and 14,245 in 2014 | 143,662,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
reinsurance balances recoverable on unpaid losses and settlement expenses, net of allowances for uncollectible amounts of 11,885 in 2015 and 13,049 in 2014 | 297,844,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
property and equipment, at cost, net of accumulated depreciation of 38,447 in 2015 and 34,365 in 2014 | 47,102,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
short-term investments, at cost | 58,983,000 | 10,169,000 | 16,008,000 | 10,063,000 | 18,489,000 | 37,030,000 | 22,994,000 | 10,816,000 | 3,465,000 | 82,202,000 | 65,876,000 | 58,451,000 | 111,872,000 | 103,736,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
premiums and reinsurance balances receivable | 170,942,000 | 174,584,000 | 145,948,000 | 175,293,000 | 203,499,000 | 166,165,000 | 157,213,000 | 159,297,000 | 117,599,000 | 158,871,000 | 166,810,000 | 132,352,000 | 101,771,000 | 123,308,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
reinsurance balances recoverable on unpaid losses | 317,737,000 | 328,030,000 | 336,747,000 | 353,228,000 | 339,104,000 | 353,674,000 | 360,194,000 | 339,132,000 | 338,553,000 | 336,612,000 | 321,688,000 | 324,952,000 | 348,082,000 | 517,310,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
property and equipment | 45,038,000 | 43,407,000 | 42,458,000 | 42,400,000 | 42,935,000 | 42,107,000 | 36,007,000 | 34,491,000 | 31,464,000 | 25,218,000 | 20,710,000 | 19,168,000 | 18,689,000 | 19,647,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
held-to-maturity, at amortized cost | 650,000 | 650,000 | 651,000 | 651,000 | 651,000 | 651,000 | 5,736,000 | 11,724,000 | 91,623,000 | 161,756,000 | 299,253,000 | 95,147,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
premiums and reinsurance balances receivable, net of allowances for uncollectible amounts of 14,245 in 2014 and 13,328 in 2013 | 154,573,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
reinsurance balances recoverable on unpaid losses and settlement expenses, net of allowances for uncollectible amounts of 13,049 in 2014 and 14,239 in 2013 | 335,106,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
property and equipment, at cost, net of accumulated depreciation of 34,365 in 2014 and 41,491 in 2013 | 42,549,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
trading, at fair value | 6,000 | 7,000 | 8,000 | 8,000 | 10,000 | 14,831,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
premiums and reinsurance balances receivable, net of allowances for uncollectible amounts of 13,328 in 2013 and 13,470 in 2012 | 152,509,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
reinsurance balances recoverable on unpaid losses and settlement expenses, net of allowances for uncollectible amounts of 14,239 in 2013 and 14,834 in 2012 | 354,924,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
property and equipment, at cost, net of accumulated depreciation of 41,491 in 2013 and 45,603 in 2012 | 40,261,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investment in unconsolidated investee | 49,793,000 | 62,506,000 | 60,004,000 | 55,533,000 | 58,242,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
debt, notes payable due 2014 | 100,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
debt, notes payable due 2023 | 149,582,000 | 150,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
bond issuance - proceeds receivable | 148,596,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
debt, notes payable | 100,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts receivable, affiliates | 3,699,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investments in subsidiaries, at equity value | 822,856,000 | 846,851,000 | 831,560,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investments in unconsolidated investee, at equity value | 52,128,000 | 49,968,000 | 43,358,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
property and equipment, at cost, net of accumulated depreciation of 240 in 2012 and 2,616 in 2011 | 709,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income taxes receivable - current | 2,968,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred debt costs | 112,000 | 219,000 | 326,000 | 433,000 | 540,000 | 647,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts payable, affiliates | 6,684,000 | 3,658,000 | 4,767,000 | 2,964,000 | 7,235,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income taxes payable—current | 207,000 | 118,000 | 1,244,000 | 82,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income taxes payable—deferred | 15,183,000 | 15,535,000 | 13,167,000 | 12,204,000 | 11,255,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest payable, long-term debt | 2,727,000 | 2,727,000 | 2,727,000 | 2,727,000 | 2,727,000 | 2,727,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
treasury shares at cost | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total investments | 1,830,420,000 | 1,896,016,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
goodwill | 26,214,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
property and equipment, at cost, net of accumulated depreciation of 2,616 in 2011 and 2,381 in 2010 | 4,771,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
property and equipment, at cost, net of accumulated depreciation of 2,381 in 2010 and 2,110 in 2009 | 4,995,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
dividends payable | 6,520,000 | 6,109,000 | 5,561,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investments in subsidiaries/investees, at equity value | 923,237,000 | 795,211,000 | 863,744,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
property and equipment, at cost, net of accumulated depreciation of 2,110 in 2009 and 1,839 in 2008 | 5,260,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income taxes payable--current | 521,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income taxes payable--deferred | 14,085,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
shareholders' equity: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
property and equipment, at cost, net of accumulated depreciation of 1,839 in 2008 and 1,570 in 2007 | 5,531,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
property and equipment, at cost, net of accumulated depreciation of 1,570 in 2007 and 1,303 in 2006 | 5,772,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
fixed maturities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock, at fair value | 28,020,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
goodwill and indefinite-lived intangibles | 26,214,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
notes payable, short-term debt | 26,961,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total liabilities and shareholder's equity | 2,807,933,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash from operating activities | 89,047,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash flows from investing activities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investments purchased | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investments sold | 94,842,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investments called or matured | 61,650,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net change in short term investments | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
changes in notes receivable | 6,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net property and equipment purchased | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash from investing activities | -76,107,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash flows from financing activities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash dividends paid | -9,647,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payment on short-term debt | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of short-term debt | 26,961,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
stock option plan share issuance | 2,256,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
excess tax benefit from exercise of stock options | 158,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
treasury shares purchased | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash from financing activities | -12,940,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net increase in cash | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash at the beginning of the year | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash at june 30 |
Cashflow Statements:
Quarterly
Annual
| Unit: USD | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
|---|---|---|---|---|---|---|
cash flows from operating activities: | ||||||
net earnings | ||||||
adjustments to reconcile net earnings to net cash from operating activities: | ||||||
net realized gains | ||||||
net unrealized gains on equity securities | ||||||
depreciation | ||||||
deferred income tax expense | ||||||
other items | ||||||
change in: | ||||||
accrued investment income | ||||||
premiums and reinsurance balances receivable | ||||||
reinsurance balances payable | ||||||
funds held | ||||||
ceded unearned premiums | ||||||
reinsurance balances recoverable on unpaid losses and settlement expenses | ||||||
deferred policy acquisition costs | ||||||
accrued expenses | ||||||
unpaid losses and settlement expenses | ||||||
unearned premiums | ||||||
current income taxes payable | ||||||
changes in investment in unconsolidated investees: | ||||||
undistributed earnings | ||||||
dividends received | ||||||
net cash from operating activities | 156,768,000 | 128,080,000 | 122,065,000 | -32,438,000 | 104,464,000 | 100,015,000 |
capital expenditures | 0 | 0 | 0 | 0 | 0 | 0 |
free cash flows | 156,768,000 | 128,080,000 | 122,065,000 | -32,438,000 | 104,464,000 | 100,015,000 |
cash flows from investing activities: | ||||||
purchase of: | ||||||
fixed income securities, available-for-sale | -295,049,000 | -220,635,000 | -101,878,000 | -1,521,465,000 | -145,901,000 | -149,776,000 |
equity securities | -33,776,000 | -21,354,000 | -15,081,000 | -2,517,000 | -23,503,000 | -15,220,000 |
property and equipment | -1,787,000 | -523,000 | -462,000 | -1,457,000 | -3,305,000 | -799,000 |
other | -268,000 | -6,600,000 | -2,251,000 | 2,236,000 | 510,000 | 2,244,000 |
proceeds from sale of: | ||||||
equity method investee | ||||||
proceeds from call or maturity of: | ||||||
fixed income, available-for-sale | ||||||
net sale of short-term investments | ||||||
net cash from investing activities | 40,390,000 | 53,218,000 | -330,000 | -335,657,000 | -54,561,000 | -53,280,000 |
cash flows from financing activities: | ||||||
proceeds from issuance of debt | 50,000,000 | |||||
repayment of debt | ||||||
proceeds from stock option exercises | 202,000 | -5,368,000 | -153,000 | -2,663,000 | 1,159,000 | 868,000 |
cash dividends paid | -198,416,000 | -196,774,000 | -103,603,000 | -329,935,000 | -101,876,000 | -55,975,000 |
net cash from financing activities | -198,214,000 | -202,142,000 | -103,756,000 | -332,598,000 | -50,717,000 | -55,107,000 |
net increase in cash | -1,056,000 | -20,844,000 | 17,979,000 | -700,693,000 | -814,000 | -8,372,000 |
cash at beginning of year | ||||||
cash at end of year | ||||||
cash flows from investing activities | ||||||
net proceeds from sale (purchase) of short-term investments | ||||||
cash flows from financing activities | ||||||
cash at the beginning of the period | ||||||
cash at september 30, | ||||||
1. | ||||||
cash at june 30, | ||||||
cash at march 31, | ||||||
net unrealized (gains) losses on equity securities | ||||||
| ||||||
net sale (purchase) of short-term investments | ||||||
equity method investments | ||||||
payment of debt | ||||||
net unrealized losses on equity securities | ||||||
net purchase of short-term investments | ||||||
proceeds from issuance of long-term debt | ||||||
proceeds from (payments related to) stock option exercises | ||||||
cash at june 30 | ||||||
goodwill | ||||||
surety | ||||||
casualty | ||||||
total goodwill | ||||||
intangibles | ||||||
indefinite-lived intangibles - state insurance licenses | ||||||
total goodwill and intangibles | ||||||
cash at march 31 | ||||||
investment in equity method investee | ||||||
net proceeds from sale of short-term investments | ||||||
cash at september 30 | ||||||
definite-lived intangibles, net of accumulated amortization of 4,035 at 9/30/21 and 3,878 at 12/31/20 | ||||||
total intangibles | ||||||
definite-lived intangibles, net of accumulated amortization of 4,015 at 6/30/21 and 3,878 at 12/31/20 | ||||||
definite-lived intangibles, net of accumulated amortization of 3,980 at 3/31/21 and 3,878 at 12/31/20 | ||||||
definite-lived intangibles, net of accumulated amortization of 3,776 at 9/30/20 and 3,470 at 12/31/19 | ||||||
goodwill and intangible assets | ||||||
energy surety | ||||||
miscellaneous and contract surety | ||||||
small commercial | ||||||
definite-lived intangibles, net of accumulated amortization of 3,674 at 6/30/20 and 3,470 at 12/31/19 | ||||||
net decrease in cash | ||||||
definite-lived intangibles, net of accumulated amortization of 3,572 at 3/31/20 and 3,470 at 12/31/19 | ||||||
operating results | ||||||
gross premiums written | ||||||
consolidated revenue | ||||||
comprehensive earnings | ||||||
financial condition | ||||||
total investments and cash | ||||||
total assets | ||||||
total debt | ||||||
total shareholders’ equity | ||||||
statutory surplus | ||||||
share information | ||||||
net earnings per share : | ||||||
basic | ||||||
diluted | ||||||
comprehensive earnings per share: | ||||||
cash dividends declared per share: | ||||||
regular | ||||||
special | ||||||
book value per share | ||||||
closing stock price | ||||||
weighted-average shares outstanding: | ||||||
common shares outstanding | ||||||
other non-gaap financial information | ||||||
net premiums written to statutory surplus | ||||||
combined ratio | ||||||
statutory combined ratio | ||||||
ratios and surplus information are presented on a statutory basis. as discussed in item 7, management’s discussion and analysis of financial condition and results of operations, statutory accounting principles differ from gaap and are generally based on a solvency concept. further discussion is included in note 9 to the consolidated financial statements within item 8, financial statements and supplementary data. reporting of statutory surplus is a required disclosure under gaap. | ||||||
see page 34 for information regarding non-gaap financial measures. | ||||||
investments purchased | ||||||
investments sold | ||||||
investments called or matured | ||||||
net change in short-term investments | ||||||
net property and equipment purchased | ||||||
state insurance licenses | ||||||
definite-lived intangibles, net of accumulated amortization of 3,368 at 9/30/19 and 3,062 at 12/31/18 | ||||||
definite-lived intangibles, net of accumulated amortization of 3,266 at 6/30/19 and 3,062 at 12/31/18 | ||||||
stock plan share issuance | ||||||
definite-lived intangibles, net of accumulated amortization of 3,164 at 3/31/19 and 3,062 at 12/31/18 | ||||||
ceded unearned premium | ||||||
reinsurance balances recoverable on unpaid losses | ||||||
income taxes: | ||||||
current | ||||||
deferred | ||||||
stock option excess tax benefit | ||||||
short-term investments | ||||||
acquisition of agency | ||||||
subsidiary or agency | ||||||
e. | ||||||
a. | ||||||
sale (acquisition) of agency | ||||||
excess tax benefit from exercise of stock options | ||||||
adjustments to reconcile net earnings to net cash from operating activities | ||||||
income taxes | ||||||
net proceeds from trading portfolio activity | ||||||
equity securities, available-for-sale | ||||||
fixed income, held-to-maturity | ||||||
subsidiary | ||||||
proceeds from issuance of senior notes | ||||||
payment on senior notes | ||||||
debt issue costs paid | ||||||
basic eps | ||||||
income available to common shareholders | ||||||
effect of dilutive securities | ||||||
stock options | ||||||
diluted eps | ||||||
net realized investment gains | ||||||
acquisition of rockbridge underwriting agency | ||||||
(in thousands, except | ||||||
per share data) |
