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Financial Statements

As Reported Financials

Source Document Currency Code (in thousands) 2013 Y 12/31/2014 USD 2014 Y 12/31/2015 USD 2015 Y 12/31/2016 USD 2016 Y 3/31/2017 USD 2017 Q1 YTD 3/31/2017 USD
Source Document Currency Code 2013 Y 12/31/2014 USD 2014 Y 12/31/2015 USD 2015 Y 12/31/2016 USD 2016 Y 3/31/2017 USD 2017 Q1 YTD 3/31/2017 USD

Assets

Investments

Fixed maturities - at fair value 1,354,305 1,431,843 1,381,467 1,390,167 1,425,640
Equity securities - at fair value 91,127 94,408 89,935 90,640 96,960
Short-term investments - at fair value 2,596 803 4,651 2,907 503
Total investments 1,448,027 1,527,054 1,476,053 1,483,714 1,523,103
Cash and cash equivalents 134,211 84,541 62,483 92,800 69,361
Accrued investment income 12,772 12,976 12,245 12,485 12,239
Agents' balances and premium receivable, net of allowances for doubtful accounts 451,339 483,638 511,543 495,157 512,262
Property and equipment, net of accumulated depreciation 48,061 55,880 89,707 96,166 92,862
Prepaid reinsurance premium 3,133 4,809 5,385 3,410 3,109
Recoverables from reinsurers 14,508 14,530 15,056 17,251 16,635
Deferred policy acquisition costs 88,258 90,428 93,157 91,136 94,093
Current and deferred income taxes 28,648 20,022 33,926 21,635 16,753
Receivable for securities sold 2,791 4,549 0 795 5,210
Other assets 10,242 11,108 10,306 12,777 18,381
Goodwill 75,275 75,275 75,275 75,275 75,275
Total assets 2,317,265 2,384,812 2,385,135 2,402,601 2,439,283

Liabilities and Shareholders' Equity

Liabilities

Unpaid losses and loss adjustment expenses 646,577 668,177 669,965 685,455 678,947
Unearned premium 566,004 589,260 616,649 614,347 641,290
Long-term debt 275,000 275,000 273,383 273,591 273,644
Commissions payable 19,100 18,673 17,406 16,176 14,467
Payable for securities purchased 39,887 17,173 7,264 13,922 14,729
Other liabilities 113,938 118,870 112,873 99,924 107,036
Total liabilities 1,660,507 1,687,153 1,697,540 1,703,414 1,730,113

Shareholders' equity

Common stock 21,684 21,745 21,794 21,829 21,848
Additional paid-in capital 368,902 372,368 376,025 378,745 380,175
Retained earnings 685,011 725,651 757,604 777,695 781,939
Accumulated other comprehensive income, net of tax 16,624 23,494 7,811 7,907 14,500
Treasury stock, at cost (435,463) (445,599) (475,638) (486,990) (489,293)
Total shareholders' equity 656,758 697,659 687,595 699,187 709,170
Total liabilities and shareholders' equity 2,317,265 2,384,812 2,385,135 2,402,601 2,439,283
Data shown on this page is extracted directly from the company’s documents. S&P makes every effort to line up fields, captions and headers that represent the same data over time, despite variations in how the company may report these items in different documents. In certain instances the variation in the company’s presentation over time may be too significant, potentially resulting in repeating and/or disordered items. Despite possible issues with the presentation, S&P, as always, stands by its commitment to the quality of the data.