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Financial Statements

As Reported Financials

Source Document Currency Code (in thousands) 2014 Y 12/31/2015 USD 2015 Y 12/31/2016 USD 2016 Y 12/31/2017 USD 2017 Y 3/31/2018 USD 2018 Q1 YTD 3/31/2018 USD
Source Document Currency Code 2014 Y 12/31/2015 USD 2015 Y 12/31/2016 USD 2016 Y 12/31/2017 USD 2017 Y 3/31/2018 USD 2018 Q1 YTD 3/31/2018 USD

Assets

Investments

Fixed maturities - at fair value 1,431,843 1,381,467 1,390,167 1,441,107 1,497,930
Equity securities - at fair value 94,408 89,935 90,640 96,004 90,498
Short-term investments - at fair value 803 4,651 2,907 2,541 0
Total investments 1,527,054 1,476,053 1,483,714 1,539,653 1,588,428
Cash and cash equivalents 84,541 62,483 92,800 107,589 88,793
Accrued investment income 12,976 12,245 12,485 13,079 10,098
Agents' balances and premium receivable, net of allowances for doubtful accounts 483,638 511,543 495,157 507,963 557,206
Property and equipment, net of accumulated depreciation 55,880 89,707 96,166 82,453 78,732
Prepaid reinsurance premium 4,809 5,385 3,410 1,032 482
Recoverables from reinsurers 14,530 15,056 17,251 30,340 22,674
Deferred policy acquisition costs 90,428 93,157 91,136 88,300 98,672
Current and deferred income taxes 20,022 33,926 21,635 10,543 9,091
Receivable for securities sold 4,549 0 795 1,700 120
Other assets 11,108 10,306 12,777 16,557 21,896
Goodwill 75,275 75,275 75,275 75,275 75,275
Total assets 2,384,812 2,385,135 2,402,601 2,474,484 2,551,466

Liabilities and Shareholders' Equity

Liabilities

Unpaid losses and loss adjustment expenses 668,177 669,965 685,455 715,098 701,006
Unearned premium 589,260 616,649 614,347 627,575 691,464
Long-term debt 275,000 273,383 273,591 273,809 273,865
Commissions payable 18,673 17,406 16,176 16,743 15,844
Payable for securities purchased 17,173 7,264 13,922 5,615 40,375
Other liabilities 118,870 112,873 99,924 119,831 110,996
Total liabilities 1,687,153 1,697,540 1,703,414 1,758,672 1,833,550

Shareholders' equity

Common stock 21,745 21,794 21,829 21,888 21,908
Additional paid-in capital 372,368 376,025 378,745 383,567 385,346
Retained earnings 725,651 757,604 777,695 793,077 824,932
Accumulated other comprehensive income, net of tax 23,494 7,811 7,907 19,756 (11,202)
Treasury stock, at cost (445,599) (475,638) (486,990) (502,475) (503,069)
Total shareholders' equity 697,659 687,595 699,187 715,812 717,916
Total liabilities and shareholders' equity 2,384,812 2,385,135 2,402,601 2,474,484 2,551,466
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.