| ($ in thousands, except per share amounts) | Dec. 31, 2001 | Dec. 31, 2000 |
| Bonds, at amortized cost (fair value of $2,317,022 in 2001 and $2,425,812 in 2000) Preferred stock (fair value of $29,888 in 2001 and $25,405 in 2000) U.S. Government tax and loss bonds Short-term investments, at cost, which approximates fair value Cash Premiums receivable, net of ceded premiums payable of $1,928 in 2001 and $200 in 2000 Accrued investment income Other assets |
$ |
2,368,829 30,598 95,008 255,271 281 (1,928) 34,262 1,009 |
$ |
2,389,154 25,445 74,059 123,932 991 (600) 37,055 1,721 |
| Total admitted assets | $ | 2,752,732 | $ | 2,651,757 |
| Liabilities: Losses Loss adjustment expenses Unearned premiums Contingency reserve Federal income taxes payable Accounts payable and accrued expenses Payable for securities purchased Other liabilities |
$ |
9,601 1,508 693,911 937,680 75,422 17,865 14,667 69 |
$ |
7,397 1,852 654,089 823,570 64,785 11,877 — (1,638) |
| Total liabilities | $ | 1,750,723 | $ | 1,561,932 |
| Common stock – par value $1,500 per share 10,000 shares authorized, issued and outstanding at December 31, 2001 and 2000 Paid-in surplus Unassigned surplus |
15,000 383,511 603,498 |
|
15,000 383,511 691,314 |
| Total capital and surplus | $ | 1,002,009 | $ | 1,089,825 |
| Total liabilities and capital and surplus | $ | 2,752,732 | $ | 2,651,757 |
