| ($ in thousands, except per share amounts) | Dec. 31, 2001 | Dec. 31, 2000 |
|
Fixed maturity securities, at fair value (amortized cost of $2,339,319 in 2001 and $2,391,948 in 2000) Preferred stock, at fair value (cost of $30,598 in 2001 and $25,446 in 2000) Short-term investments, at cost, which approximates fair value Cash Accrued investment income Reinsurance recoverable Prepaid reinsurance premiums Deferred policy acquisition costs Property and equipment, net of accumulated depreciation ($8,213 in 2001 and $8,015 in 2000) Prepaid expenses and other assets |
$ |
2,317,022 29,888 255,271 281 34,262 9,640 130,298 71,700 428 9,383 |
$ |
2,425,812 25,405 123,932 991 37,055 8,956 132,271 68,430 626 12,539 |
| Total assets | $ | 2,858,173 | $ | 2,836,017 |
| Liabilities: Unearned premiums Loss and loss adjustment expenses Ceded reinsurance balances payable Accounts payable and accrued expenses Current federal income taxes payable Deferred federal income taxes Payable for securities purchased |
$ |
612,791 48,855 1,928 18,037 87,729 67,288 14,667 |
$ |
581,385 46,707 600 15,351 77,092 85,220 – |
| Total liabilities | $ | 851,295 | $ | 806,355 |
|
Common stock, par value $1,500 per share; 10,000 shares authorized, issued and outstanding Additional paid-in capital Accumulated other comprehensive income Retained earnings |
$ |
15,000 383,511 (14,932) 1,623,299 |
$ |
15,000 383,511 23,120 1,608,031 |
| Total stockholder’s equity | $ | 2,006,878 | $ | 2,029,662 |
| Total liabilities and stockholder’s equity | $ | 2,858,173 | $ | 2,836,017 |
