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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 9/30/2017 USD 2017 Q3 YTD 9/30/2017 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 9/30/2017 USD 2017 Q3 YTD 9/30/2017 USD

Assets

Investments

Fixed maturities - at fair value 1,354,305 1,431,843 1,381,467 1,390,167 1,448,709
Equity securities - at fair value 91,127 94,408 89,935 90,640 100,042
Short-term investments - at fair value 2,596 803 4,651 2,907 2,572
Total investments 1,448,027 1,527,054 1,476,053 1,483,714 1,551,323
Cash and cash equivalents 134,211 84,541 62,483 92,800 102,356
Accrued investment income 12,772 12,976 12,245 12,485 12,411
Agents' balances and premium receivable, net of allowances for doubtful accounts 451,339 483,638 511,543 495,157 509,210
Property and equipment, net of accumulated depreciation 48,061 55,880 89,707 96,166 84,485
Prepaid reinsurance premium 3,133 4,809 5,385 3,410 2,976
Recoverables from reinsurers 14,508 14,530 15,056 17,251 36,368
Deferred policy acquisition costs 88,258 90,428 93,157 91,136 91,418
Current and deferred income taxes 28,648 20,022 33,926 21,635 20,050
Receivable for securities sold 2,791 4,549 0 795 2,025
Other assets 10,242 11,108 10,306 12,777 19,968
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 2,507,866

Liabilities and Shareholders' Equity

Liabilities

Unpaid losses and loss adjustment expenses 646,577 668,177 669,965 685,455 729,280
Unearned premium 566,004 589,260 616,649 614,347 637,506
Long-term debt 275,000 275,000 273,383 273,591 273,753
Commissions payable 19,100 18,673 17,406 16,176 15,035
Payable for securities purchased 39,887 17,173 7,264 13,922 10,167
Other liabilities 113,938 118,870 112,873 99,924 123,513
Total liabilities 1,660,507 1,687,153 1,697,540 1,703,414 1,789,254

Shareholders' equity

Common stock, no par value 21,684 21,745 21,794 21,829 21,868
Additional paid-in capital 368,902 372,368 376,025 378,745 381,928
Retained earnings 685,011 725,651 757,604 777,695 789,175
Accumulated other comprehensive income, net of tax 16,624 23,494 7,811 7,907 23,526
Treasury stock, at cost (435,463) (445,599) (475,638) (486,990) (497,885)
Total shareholders' equity 656,758 697,659 687,595 699,187 718,612
Total liabilities and shareholders' equity 2,317,265 2,384,812 2,385,135 2,402,601 2,507,866
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.