Mercury General (MCY) 10-K 15 Feb 22 2021 FY Annual report Financial data

Cover Page

Cover Page - USD ($)	12 Months Ended
	Dec. 31, 2021	Feb. 10, 2022	Jun. 30, 2021
Cover [Abstract]
Document Type	10-K
Document Annual Report	true
Document Period End Date	Dec. 31, 2021
Current Fiscal Year End Date	--12-31
Document Transition Report	false
Entity File Number	001-12257
Entity Registrant Name	MERCURY GENERAL CORPORATION
Entity Incorporation, State or Country Code	CA
Entity Tax Identification Number	95-2211612
Entity Address, Address Line One	4484 Wilshire Boulevard
Entity Address, City or Town	Los Angeles,
Entity Address, State or Province	CA
Entity Address, Postal Zip Code	90010
City Area Code	323
Local Phone Number	937-1060
Title of 12(b) Security	Common Stock
Trading Symbol	MCY
Security Exchange Name	NYSE
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
ICFR Auditor Attestation Flag	true
Entity Shell Company	false
Entity Public Float			$ 1,725,997,213
Entity Common Stock, Shares Outstanding		55,370,788
Documents Incorporated by Reference	Certain information from the registrant’s definitive proxy statement for the 2022 Annual Meeting of Shareholders is incorporated herein by reference into Part III hereof.
Amendment Flag	false
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	FY
Entity Central Index Key	0000064996

Audit Information

Audit Information	12 Months Ended
	Dec. 31, 2021
Auditor Information [Abstract]
Auditor Firm ID	185
Auditor Name	KPMG LLP
Auditor Location	Los Angeles, California

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Investments, at fair value:
Fixed maturity securities (amortized cost $3,909,780; $3,388,418)	$ 4,031,523	$ 3,549,810
Equity securities (cost $754,536; $695,150)	970,939	803,851
Short-term investments (cost $141,206; $376,547)	140,127	375,609
Total investments	5,142,589	4,729,270
Cash	335,557	348,479
Receivables:
Premiums	621,740	599,070
Allowance for credit losses on premiums receivable	(6,000)	(10,000)
Premiums receivable, net of allowance for credit losses	615,740	589,070
Accrued investment income	43,299	42,985
Other	7,600	10,730
Total receivables	666,639	642,785
Reinsurance recoverables	45,000	48,579
Allowance for credit losses on reinsurance recoverables	0	(91)
Reinsurance recoverables, net of allowance for credit losses	45,000	48,488
Deferred policy acquisition costs	258,259	246,994
Fixed assets, net	191,332	178,923
Operating lease right-of-use assets	31,967	40,554
Current income taxes	20,108	0
Goodwill	42,796	42,796
Other intangible assets, net	10,255	11,322
Other assets	27,970	38,635
Total assets	6,772,472	6,328,246
Liabilities
Loss and loss adjustment expense reserves	2,226,430	1,991,304
Unearned premiums	1,519,799	1,405,873
Notes payable	372,931	372,532
Accounts payable and accrued expenses	169,125	194,421
Operating lease liabilities	34,577	43,825
Current income taxes	0	10,426
Deferred income taxes	53,569	41,132
Other liabilities	255,760	236,136
Total liabilities	4,632,191	4,295,649
Commitments and contingencies
Shareholders’ equity:
Authorized 70,000 shares; issued and outstanding 55,371; 55,358	98,943	98,970
Retained earnings	2,041,338	1,933,627
Total shareholders’ equity	2,140,281	2,032,597
Total liabilities and shareholders’ equity	$ 6,772,472	$ 6,328,246

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Investments, at fair value:
Amortized cost on fixed maturities trading investments	$ 3,909,780	$ 3,388,418
Cost - equity security trading investments	754,536	695,150
Cost - short-term investments	$ 141,206	$ 376,547
Shareholders’ equity:
Common stock, shares authorized (in shares)	70,000,000	70,000,000
Common stock, shares issued (in shares)	55,371,000	55,358,000
Common stock, shares outstanding (in shares)	55,371,000	55,358,000

Consolidated Statements Of Oper

Consolidated Statements Of Operations - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Revenues:
Net premiums earned	$ 3,741,948	$ 3,555,635	$ 3,599,418
Net investment income	129,727	134,858	141,263
Net realized investment gains	111,658	85,731	222,793
Other	10,024	8,287	9,044
Total revenues	3,993,357	3,784,511	3,972,518
Expenses:
Losses and loss adjustment expenses	2,760,155	2,395,343	2,706,024
Policy acquisition costs	633,385	627,788	602,085
Other operating expenses	283,397	285,831	269,305
Interest	17,113	17,048	17,035
Total expenses	3,694,050	3,326,010	3,594,449
Income before income taxes	299,307	458,501	378,069
Income tax expense	51,370	83,894	57,982
Net income	$ 247,937	$ 374,607	$ 320,087
Net income per share:
Basic (in dollars per share)	$ 4.48	$ 6.77	$ 5.78
Diluted (in dollars per share)	$ 4.48	$ 6.77	$ 5.78

Consolidated Statements Of Shar

Consolidated Statements Of Shareholders' Equity - USD ($) $ in Thousands	Total	Common stock	Retained Earnings [Member]	Retained Earnings [Member]Cumulative Effect, Period of Adoption, Adjustment	Retained Earnings [Member]Cumulative Effect, Period of Adoption, Adjusted Balance
Beginning of year at Dec. 31, 2018		$ 98,026	$ 1,519,658	$ 0	$ 1,519,658
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Proceeds of stock options exercised		701
Share-based compensation expense		123
Withholding tax on stock options exercised		(22)
Net income	$ 320,087		320,087
Dividends paid to shareholders			(139,071)
End of year at Dec. 31, 2019	1,799,502	98,828	1,700,674	(2,014)	1,698,660
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Proceeds of stock options exercised		0
Share-based compensation expense		142
Withholding tax on stock options exercised		0
Net income	374,607		374,607
Dividends paid to shareholders			(139,640)
End of year at Dec. 31, 2020	2,032,597	98,970	1,933,627	$ 0	$ 1,933,627
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Proceeds of stock options exercised		215
Share-based compensation expense		141
Withholding tax on stock options exercised		(383)
Net income	247,937		247,937
Dividends paid to shareholders			(140,226)
End of year at Dec. 31, 2021	$ 2,140,281	$ 98,943	$ 2,041,338

Consolidated Statements Of Cash

Consolidated Statements Of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
CASH FLOWS FROM OPERATING ACTIVITIES
Net income	$ 247,937	$ 374,607	$ 320,087
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	79,056	68,463	64,730
Net realized investment gains	(111,658)	(85,731)	(222,793)
(Increase) decrease in premiums receivable	(26,670)	13,946	(49,832)
Decrease in reinsurance recoverables	3,488	30,127	142,314
Changes in current and deferred income taxes	(18,097)	31,236	72,545
Increase in deferred policy acquisition costs	(11,265)	(13,828)	(18,035)
Increase in loss and loss adjustment expense reserves	235,126	70,049	91,843
Increase in unearned premiums	113,926	50,326	119,366
(Decrease) increase in accounts payable and accrued expenses	(26,724)	51,988	26,493
Share-based compensation	141	142	123
Other, net	16,324	14,291	(27,163)
Net cash provided by operating activities	501,584	605,616	519,678
Fixed maturity securities available for sale in nature:
Purchases	(1,460,641)	(878,213)	(491,795)
Sales	336,201	168,087	136,560
Calls or maturities	518,557	250,878	316,860
Equity securities available for sale in nature
Purchases	(958,008)	(1,230,785)	(1,174,759)
Sales	943,857	1,174,540	1,088,701
Calls	0	3,880	0
Changes in securities payable and receivable	8,327	873	(2,536)
Decrease (increase) in short-term investments	270,383	118,830	(240,391)
Purchase of fixed assets	(41,442)	(39,953)	(40,088)
Other, net	9,096	20,577	6,247
Net cash used in investing activities	(373,670)	(411,286)	(401,201)
CASH FLOWS FROM FINANCING ACTIVITIES
Dividends paid to shareholders	(140,226)	(139,640)	(139,071)
Proceeds from stock options exercised	215	0	701
Payments on finance lease obligations	(825)	(609)	0
Net cash used in financing activities	(140,836)	(140,249)	(138,370)
Net (decrease) increase in cash	(12,922)	54,081	(19,893)
Cash:
Beginning of year	348,479	294,398	314,291
End of year	335,557	348,479	294,398
SUPPLEMENTAL CASH FLOW DISCLOSURE
Interest paid	16,616	16,599	16,586
Income taxes paid (refunded), net	$ 69,467	$ 52,659	$ (14,564)

Summary of Significant Accounti

Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2021
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Summary of Significant Accounting Policies General Mercury General Corporation ("Mercury General") and its subsidiaries (referred to herein collectively as the "Company") are primarily engaged in writing personal automobile insurance through 13 Insurance Companies in 11 states, principally California. The Company also writes homeowners, commercial automobile, commercial property, mechanical protection, fire, and umbrella insurance. The private passenger automobile line of insurance business was more than 68% of the Company’s direct premiums written in 2021, 2020, and 2019, and approximately 87%, 88%, and 88% of the private passenger automobile premiums were written in California in 2021, 2020, and 2019, respectively. Premiums written represents the premiums charged on policies issued during a fiscal period, which is a statutory measure designed to determine production levels. Consolidation and Basis of Presentation The consolidated financial statements include the accounts of Mercury General Corporation and its subsidiaries: Insurance Companies Mercury Casualty Company ("MCC") Mercury National Insurance Company ("MNIC") (1) Mercury Insurance Company ("MIC") American Mercury Insurance Company California Automobile Insurance Company ("CAIC") American Mercury Lloyds Insurance Company (2) California General Underwriters Insurance Company, Inc. Mercury County Mutual Insurance Company (3) Mercury Insurance Company of Illinois Mercury Insurance Company of Florida Mercury Insurance Company of Georgia Mercury Indemnity Company of America Mercury Indemnity Company of Georgia Orion Indemnity Company ("OIC") (4) Non-Insurance Companies Mercury Select Management Company, Inc. AIS Management LLC Mercury Insurance Services LLC Auto Insurance Specialists LLC Animas Funding LLC ("AFL") (5) PoliSeek AIS Insurance Solutions, Inc. Fannette Funding LLC ("FFL") (5) Mercury Plus Insurance Services LLC __________ (1) MNIC was dissolved in December 2021. (2) American Mercury Lloyds Insurance Company is not owned but is controlled by the Company through its attorney-in-fact, Mercury Select Management Company, Inc. (3) Mercury County Mutual Insurance Company is not owned but is controlled by the Company through a management contract. (4) OIC was formerly known as Workmen’s Auto Insurance Company (“WAIC”). The name change became effective in August 2021. (5) Special purpose investment vehicle. The consolidated financial statements have been prepared in conformity with U.S. generally accepted accounting principles ("GAAP"), which differ in some respects from those filed in reports to insurance regulatory authorities. All intercompany transactions and balances have been eliminated. Certain prior period amounts have been reclassified to conform with the current period presentation. The Company did not have other comprehensive income (loss) in 2021, 2020 and 2019. Use of Estimates The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosures of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenue and expenses during the reporting period. These estimates require the Company to apply complex assumptions and judgments, and often the Company must make estimates about effects of matters that are inherently uncertain and will likely change in subsequent periods. The most significant assumptions in the preparation of these consolidated financial statements relate to reserves for losses and loss adjustment expenses. Actual results could differ from those estimates. Investments and Other Financial Instruments Financial instruments recorded in the consolidated balance sheets include investments, note receivable, other receivables, accounts payable, options sold, and notes payable. The Company’s investments include securities issued by the U.S. government and its agencies, securities issued by states and municipal governments and agencies, certain corporate and other debt securities, equity securities, and exchange traded funds. The Company applies the fair value option to all fixed maturity and equity securities and short-term investments at the time an eligible item is first recognized. The primary reasons for electing the fair value option were simplification and cost benefit considerations as well as the expansion of the use of fair value measurement by the Company consistent with the long-term measurement objectives of the Financial Accounting Standards Board (the "FASB") for accounting for financial instruments. Gains and losses due to changes in fair value for items measured at fair value pursuant to application of the fair value option are included in net realized investment gains in the Company's consolidated statements of operations, while interest and dividend income on investment holdings are recognized on an accrual basis on each measurement date and are included in net investment income in the Company's consolidated statements of operations. The Company’s fixed maturity and equity securities are classified as “trading” and carried at fair value as required when applying the fair value option. The majority of equity holdings, including non-redeemable preferred stocks, are actively traded on national exchanges or trading markets, and are valued at the last transaction price on the balance sheet date. The fair value of a financial instrument is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Due to their short-term maturity, the carrying values of other receivables and accounts payable approximate their fair values. 97.9% of the fair value of its investments at December 31, 2021 is based on observable market prices, observable pricing parameters, or is derived from such prices or parameters. The availability of observable market prices and pricing parameters can vary by financial instrument. Observable market prices and pricing parameters of a financial instrument, or a related financial instrument, are used to derive a price without requiring significant judgment. The Company may hold or acquire financial instruments that lack observable market prices or pricing parameters because they are less actively traded currently or in future periods. The fair value of such instruments is determined using techniques appropriate for each particular financial instrument. These techniques may involve some degree of judgment. The price transparency of the particular financial instrument will determine the degree of judgment involved in determining the fair value of the Company’s financial instruments. Price transparency is affected by a wide variety of factors, including the type of financial instrument, whether it is a new financial instrument and not yet established in the marketplace, and the characteristics particular to the transaction. Financial instruments for which actively quoted prices or pricing parameters are available or for which fair value is derived from actively quoted prices or pricing parameters will generally have a higher degree of price transparency. By contrast, financial instruments that are thinly traded or not quoted will generally have diminished price transparency. Even in normally active markets, the price transparency for actively quoted financial instruments may be reduced during periods of market dislocation. Alternatively, in thinly quoted markets, the participation of market makers willing to purchase and sell a financial instrument provides a source of transparency for products that otherwise are not actively quoted. For a further discussion, see Note 4. Fair Value Measurements. Fixed maturity securities include debt securities, which may have fixed or variable principal payment schedules, may be held for indefinite periods of time, and may be used as a part of the Company’s asset/liability strategy or sold in response to changes in interest rates, anticipated prepayments, risk/reward characteristics, liquidity needs, tax planning considerations, or other economic factors. Premiums and discounts on fixed maturities are amortized using first call date and are adjusted for anticipated prepayments. Premiums and discounts on mortgage-backed securities are adjusted for anticipated prepayment using the retrospective method, with the exception of some beneficial interests in securitized financial assets, which are accounted for using the prospective method. Equity securities consist of non-redeemable preferred stocks, common stocks on which dividend income is partially tax-sheltered by the 50% corporate dividend received deduction, and private equity funds. Short-term investments include money market accounts, options, and short-term bonds that are highly rated short duration securities and redeemable within one year. In the normal course of investing activities, the Company either forms or enters into relationships with variable interest entities ("VIEs"). A VIE is an entity that either has investors that lack certain essential characteristics of a controlling financial interest, such as simple majority kick-out rights, or lacks sufficient funds to finance its own activities without financial support provided by other entities. The Company performs ongoing qualitative assessments of the VIEs to determine whether the Company has a controlling financial interest in the VIE and therefore is the primary beneficiary. The Company is deemed to have a controlling financial interest when it has both the ability to direct the activities that most significantly impact the economic performance of the VIE and the obligation to absorb losses or right to receive benefits from the VIE that could potentially be significant to the VIE. Based on the Company's assessment, if it determines it is the primary beneficiary, the Company consolidates the VIE in its consolidated financial statements. From time to time, the Company forms special purpose investment vehicles to facilitate its investment activities involving derivative instruments such as total return swaps, or limited partnerships such as private equity funds. These special purpose investment vehicles are consolidated VIEs as the Company has determined it is the primary beneficiary of such VIEs. Creditors have no recourse against the Company in the event of default by these VIEs. The Company had no implied or unfunded commitments to these VIEs at December 31, 2021 and 2020. The Company's financial or other support provided to these VIEs and its loss exposure are limited to its collateral and original investment. The Company invests, directly or indirectly through its consolidated VIEs, in limited partnerships or limited liability companies such as private equity funds. These investments are non-consolidated VIEs as the Company has determined it is not the primary beneficiary of such VIEs. The Company's maximum exposure to loss with respect to these VIEs is limited to the total carrying value that is included in equity securities in the Company's consolidated balance sheets. At December 31, 2021, the Company had a maximum of approximately $32 million in unfunded commitments to these VIEs whereby the Company may be called prior to April 30, 2022 to provide additional capital to fund the purchase of investments and the expenses of a new private equity fund. The Company expects to fund any capital calls on these commitments using the distributions of principal and interest from a mature private equity fund. At December 31, 2020, the Company had no such unfunded commitments to these VIEs. Securities on Deposit As required by statute, the Company’s insurance subsidiaries have securities deposited with the departments of insurance or similar governmental agencies in the states in which they are licensed to operate ("DOI") with fair values totaling approximately $15 million at December 31, 2021 and 2020. Deferred Policy Acquisition Costs Deferred policy acquisition costs consist of commissions paid to outside agents, premium taxes, salaries, and certain other underwriting costs that are incremental or directly related to the successful acquisition of new and renewal insurance contracts and are amortized over the life of the related policy in proportion to premiums earned. Deferred policy acquisition costs are limited to the amount that will remain after deducting from unearned premiums and anticipated investment income, the estimated losses and loss adjustment expenses, and the servicing costs that will be incurred as premiums are earned. The Company’s deferred policy acquisition costs are further limited by excluding those costs not directly related to the successful acquisition of insurance contracts. The Company does not defer advertising expenditures but expenses them as incurred. The table below presents a summary of deferred policy acquisition cost amortization and net advertising expense: Year Ended December 31, 2021 2020 2019 (Amounts in millions) Deferred policy acquisition cost amortization $ 633.4 $ 627.8 $ 602.1 Net advertising expense 50.1 37.7 42.2 Fixed Assets Fixed assets are stated at historical cost less accumulated depreciation and amortization. The useful life for buildings is 40 years. Furniture, equipment, and purchased software are depreciated on a combination of straight-line and accelerated methods over 3 to 7 years. The Company has capitalized certain consulting costs, payroll, and payroll-related costs for employees related to computer software developed for internal use, which are amortized on a straight-line method over the estimated useful life of the software, generally not exceeding 7 years. In accordance with applicable accounting standards, capitalization ceases no later than the point at which a computer software project is substantially complete and ready for its intended use. Leasehold improvements are amortized over the shorter of the useful life of the assets or the life of the associated lease. The Company periodically assesses long-lived assets or asset groups including building and equipment, for recoverability when events or changes in circumstances indicate that their carrying amounts may not be recoverable. If the Company identifies an indicator of impairment, the Company assesses recoverability by comparing the carrying amount of the asset to the sum of the undiscounted cash flows expected to result from the use and the eventual disposal of the asset. An impairment loss is recognized when the carrying amount is not recoverable and is measured as the excess of carrying value over fair value. There were no impairment charges during 2021, 2020, and 2019. Goodwill and Other Intangible Assets Goodwill and other intangible assets arise as a result of business acquisitions and consist of the excess of the cost of the acquisitions over the tangible and intangible assets acquired and liabilities assumed and identifiable intangible assets acquired. Identifiable intangible assets consist of the value of customer relationships, trade names, software and technology, and favorable leases, which are all subject to amortization, and an insurance license which is not subject to amortization. The Company evaluates goodwill and other intangible assets for impairment annually or whenever events or changes in circumstances indicate that it is more likely than not that the carrying amount of goodwill and other intangible assets may exceed their implied fair values. The Company qualitatively determines whether, more likely than not, the fair value exceeds the carrying amount of a reporting unit. There are numerous assumptions and estimates underlying the qualitative assessments including future earnings, long-term strategies, and the Company’s annual planning and forecasting process. If these planned initiatives do not accomplish the targeted objectives, the assumptions and estimates underlying the qualitative assessments could be adversely affected and have a material effect upon the Company’s financial condition and results of operations. In addition, the Company evaluates other intangible assets using methods similar to those used for goodwill described above. As of December 31, 2021 and 2020, goodwill and other intangible impairment assessments indicated that there was no impairment. Premium Revenue Recognition Premium revenue is recognized on a pro-rata basis over the terms of the policies in proportion to the amount of insurance protection provided. Premium revenue includes installment and other fees for services which are recognized in the periods in which the services are rendered. Unearned premiums represent the portion of the written premium related to the unexpired policy term. Unearned premiums are predominantly computed monthly on a pro-rata basis and are stated gross of reinsurance deductions, with the reinsurance deduction recorded in other assets. The Company evaluates its unearned premiums periodically for premium deficiencies by comparing the sum of expected claim costs, unamortized acquisition costs and maintenance costs, partially offset by investment income, to related unearned premiums. To the extent that any of the Company’s lines of insurance business become unprofitable, a premium deficiency reserve may be required. Net premiums written, a statutory measure designed to determine production levels, was $3.86 billion, $3.61 billion, and $3.73 billion in 2021, 2020, and 2019, respectively. The Company's net premiums written in 2020 was reduced by approximately $128 million due to premium refunds and credits to its eligible policyholders associated with the "Mercury Giveback" program for reduced driving and business activities following the outbreak of the COVID-19 pandemic. Losses and Loss Adjustment Expenses Unpaid losses and loss adjustment expenses are determined in amounts estimated to cover incurred losses and loss adjustment expenses and established based upon the Company’s assessment of claims pending and the development of prior years’ loss liabilities. These amounts include liabilities based upon individual case estimates for reported losses and loss adjustment expenses and estimates of such amounts that are incurred but not reported. Changes in the estimated liability are charged or credited to operations as the losses and loss adjustment expenses are re-estimated. The liability is stated net of anticipated salvage and subrogation recoveries, and gross of reinsurance recoverables on unpaid losses. Estimating loss reserves is a difficult process as many factors can ultimately affect the final settlement of a claim and, therefore, the loss reserve that is required. A key assumption in estimating loss reserves is the degree to which the historical data used to analyze reserves will be predictive of ultimate claim costs on incurred claims. Changes in the regulatory and legal environments, results of litigation, medical costs, the cost of repair materials, and labor rates, among other factors, can impact this assumption. In addition, time can be a critical part of reserving determinations since the longer the span between the incidence of a loss and the payment or settlement of a claim, the more variable the ultimate settlement amount could be. Accordingly, short-tail claims, such as property damage claims, tend to be more reasonably predictable than long-tail liability claims, such as those involving the Company’s bodily injury ("BI") coverages. Management believes that the liability for losses and loss adjustment expenses is adequate to cover the ultimate net cost of losses and loss adjustment expenses incurred to date. However, since the provisions for loss reserves are necessarily based upon estimates, the ultimate liability may be more or less than such provisions. The Company analyzes loss reserves quarterly primarily using the incurred loss, paid loss, average severity coupled with the claim count development methods, and the generalized linear model ("GLM") described below. When deciding among methods to use, the Company evaluates the credibility of each method based on the maturity of the data available and the claims settlement practices for each particular line of insurance business or coverage within a line of insurance business. The Company may also evaluate qualitative factors such as known changes in laws or legal ruling that could affect claims handling or other external environmental factors or internal factors that could affect the settlement of claims. When establishing the loss reserve, the Company will generally analyze the results from all of the methods used rather than relying on a single method. While these methods are designed to determine the ultimate losses on claims under the Company’s policies, there is inherent uncertainty in all actuarial models since they use historical data to project outcomes. The Company believes that the techniques it uses provide a reasonable basis in estimating loss reserves. • The incurred loss method analyzes historical incurred case loss (case reserves plus paid losses) development to estimate ultimate losses. The Company applies development factors against current case incurred losses by accident period to calculate ultimate expected losses. The Company believes that the incurred loss method provides a reasonable basis for evaluating ultimate losses, particularly in the Company’s larger, more established lines of insurance business which have a long operating history. • The paid loss method analyzes historical payment patterns to estimate the amount of losses yet to be paid. • The average severity method analyzes historical loss payments and/or incurred losses divided by closed claims and/or total claims to calculate an estimated average cost per claim. From this, the expected ultimate average cost per claim can be estimated. The average severity method coupled with the claim count development method provides meaningful information regarding inflation and frequency trends that the Company believes is useful in establishing loss reserves. The claim count development method analyzes historical claim count development to estimate future incurred claim count development for current claims. The Company applies these development factors against current claim counts by accident period to calculate ultimate expected claim counts. • The GLM determines an average severity for each percentile of claims that have been closed as a percentage of estimated ultimate claims. The average severities are applied to open claims to estimate the amount of losses yet to be paid. The GLM utilizes operational time, determined as a percentile of claims closed rather than a finite calendar period, which neutralizes the effect of changes in the timing of claims handling. The Company analyzes catastrophe losses separately from non-catastrophe losses. For catastrophe losses, the Company generally determines claim counts based on claims reported and development expectations from previous catastrophes and applies an average expected loss per claim based on loss reserves established by adjusters and average losses on previous similar catastrophes. For catastrophe losses on individual properties that are expected to be total losses, the Company typically establishes reserves at the policy limits. Derivative Financial Instruments The Company accounts for all derivative instruments, other than those that meet the normal purchases and sales exception, as either an asset or liability, measured at fair value, which is based on information obtained from independent parties. In addition, changes in fair value are recognized in earnings unless specific hedge accounting criteria are met. See Note 9. Derivative Financial Instruments. Earnings Per Share Basic earnings per share excludes dilution and reflects net income divided by the weighted average shares of common stock outstanding during the periods presented. Diluted earnings per share is based on the weighted average shares of common stock and potential dilutive securities outstanding during the periods presented. At December 31, 2021 and 2020, potentially dilutive securities consisted of outstanding stock options. See Note 17. Earnings Per Share , for the required disclosures relating to the calculation of basic and diluted earnings per share. Income Taxes Deferred tax assets and liabilities are recognized for the estimated future tax consequences attributable to differences between the financial reporting basis and the respective tax basis of the Company’s assets and liabilities, and expected benefits of utilizing net operating loss, capital loss, and tax-credit carryforwards. The Company assesses the likelihood that its deferred tax assets will be realized and, to the extent management does not believe these assets are more likely than not to be realized, a valuation allowance is established. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates or laws is recognized in earnings in the period that includes the enactment date. The Company’s deferred income taxes usually include a combination of ordinary and capital deferred tax benefits and expenses. At December 31, 2021, the Company’s deferred income taxes were in a net liability position mainly due to deferred tax liabilities generated by unrealized gains on securities held and deferred acquisition costs. These deferred tax liabilities were substantially offset by deferred tax assets resulting from unearned premiums, loss reserve discounting, and expense accruals. In assessing the Company's ability to realize deferred tax assets, management considers whether it is more likely than not that some portion or all of the deferred tax assets will not be realized, and to the extent management does not believe these assets are more likely than not to be realized, a valuation allowance is established. The ultimate realization of deferred tax assets is dependent upon generating sufficient taxable income of the appropriate character within the carryback and carryforward periods available under the tax law. Management considers the reversal of deferred tax liabilities, projected future taxable income of an appropriate nature, and tax-planning strategies in making this assessment. Management’s recoverability assessment of the Company’s deferred tax assets which are ordinary in character takes into consideration the Company’s strong history of generating ordinary taxable income and a reasonable expectation that it will continue to generate ordinary taxable income in the future. Further, the Company has the capacity to recoup its ordinary deferred tax assets through tax loss carryback claims for taxes paid in prior years. The Company also has various deferred tax liabilities that represent sources of future ordinary taxable income. Management’s recoverability assessment with regard to its capital deferred tax assets is based on estimates of anticipated capital gains, tax-planning strategies available to generate future taxable capital gains, and the Company's capacity to absorb capital losses carried back to prior years, each of which would contribute to the realization of deferred tax benefits. The Company has significant unrealized gains in its investment portfolio that could be realized through asset dispositions, at management’s discretion. In addition, the Company expects to hold certain debt securities, which are currently in loss positions, to recovery or maturity. Management believes unrealized losses related to these debt securities, which represent a portion of the unrealized loss positions at December 31, 2021, are fully realizable at maturity. Management believes its long-term time horizon for holding these securities allows it to avoid any forced sales prior to maturity. Further, the Company has the capability to generate additional realized capital gains by entering into sale-leaseback transactions using one or more of its appreciated real estate holdings. The Company also has the capacity to recoup capital deferred tax assets through tax capital loss carryback claims for taxes paid within permitted carryback periods. The Company has the capability to implement tax planning strategies as it has a steady history of generating positive cash flows from operations and believes that its liquidity needs can be met in future periods without the forced sale of its investments. This capability assists management in controlling the timing and amount of realized losses generated during future periods. By prudent utilization of some or all of these strategies, management has the intent and believes that it has the ability to generate capital gains and minimize tax losses in a manner sufficient to avoid losing the benefits of its deferred tax assets. Management will continue to assess the need for a valuation allowance on a quarterly basis. Although realization is not assured, management believes it is more likely than not that the Company’s deferred tax assets will be realized. Contingent Liabilities The Company has known, and may have unknown, potential liabilities which include claims, assessments, lawsuits, or regulatory fines and penalties relating to the Company’s business. The Company continually evaluates these potential liabilities and accrues for them and/or discloses them in the notes to the consolidated financial statements where required. The Company does not believe that the ultimate resolution of currently pending legal or regulatory proceedings, either individually or in the aggregate, will have a material adverse effect on its financial condition, results of operations, or cash flows. See Note 18. Commitments and Contingencies, for the required disclosures relating to contingent liabilities. Reinsurance Liabilities for unearned premiums and unpaid losses are stated in the accompanying consolidated financial statements before deductions for ceded reinsurance. Unpaid losses and unearned premiums that are ceded to reinsurers are carried in reinsurance recoverables and other assets, respectively, in the Company's consolidated balance sheets. Reinsurance recoverables on unpaid losses are estimated based upon assumptions consistent with those used in establishing the liabilities related to the underlying contracts. Most of the Company's reinsurance premiums are recognized ratably over the contract period to the extent coverage remains available. Net premiums earned and losses and loss adjustment expenses are stated net of deductions for ceded reinsurance. The Company is the assuming reinsurer under a Catastrophe Participation Reinsurance Contract ("Contract") effective through December 31, 2022. The Company reimburses up to $25 million in losses for a proportional share of a portfolio of catastrophe losses under the Contract, to the extent the actual loss ratio exceeds the threshold loss ratio of 73.5%. The Company is party to a Catastrophe Reinsurance Treaty ("Treaty") covering a wide range of perils that is effective through June 30, 2022. The Treaty provides $792 million of coverage on a per occurrence basis after covered catastrophe losses exceed the $40 million Company retention limit. The Treaty specifically excludes coverage for any Florida business and for California earthquake losses on fixed property policies, such as homeowners, but does cover losses from fires following an earthquake. The Treaty provides for one full reinstatement of coverage limits with a minor exception at the top coverage layer, and includes some additional minor territorial and coverage limits. The effect of reinsurance on property and casualty premiums written and earned was as follows: Year Ended December 31, 2021 2020 2019 (Amounts in thousands) Premiums Written Direct $ 3,877,476 $ 3,624,965 $ 3,742,627 Ceded (65,521) (50,630) (43,785) Assumed 13,361 8,012 919 Net $ 3,825,316 $ 3,582,347 $ 3,699,761 Premiums Earned Direct $ 3,764,626 $ 3,574,898 $ 3,626,857 Ceded (65,017) (56,212) (56,725) Assumed 13,301 8,067 910 Net $ 3,712,910 $ 3,526,753 $ 3,571,042 The Company recognized ceded premiums earned of approximately $65 million, $56 million, and $57 million in 2021, 2020, and 2019, respectively, which are included in net premiums earned in its consolidated statements of operations, and ceded losses and loss adjustment expenses of approximately $(10) million, $(28) million, and $(71) million in 2021, 2020, and 2019, respectively, which are included in lo

Financial Instruments

Financial Instruments	12 Months Ended
	Dec. 31, 2021
Financial Instruments, Owned, at Fair Value [Abstract]
Financial Instruments	Financial Instruments Financial instruments recorded in the consolidated balance sheets include investments, note receivable, other receivables, options sold, accounts payable, and unsecured notes payable. Due to their short-term maturity, the carrying values of other receivables and accounts payable approximate their fair values. All investments are carried at fair value in the consolidated balance sheets. The following table presents the fair values of financial instruments: December 31, 2021 2020 (Amounts in thousands) Assets Investments $ 5,142,589 $ 4,729,270 Note receivable — 5,725 Liabilities Options sold 301 — Notes payable 413,378 415,253 Investments The Company applies the fair value option to all fixed maturity and equity securities and short-term investments at the time an eligible item is first recognized. The cost of investments sold is determined on a first-in and first-out method, and realized and unrealized gains and losses are included in net realized investment gains in the Company's consolidated statements of operations. See Note 3. Investments for additional information. Note Receivable In August 2017, the Company completed the sale of approximately six acres of land located in Brea, California (the "Property"), for a total sale price of approximately $12.2 million. Approximately $5.7 million of the total sale price was received in the form of a promissory note (the "Note") and the remainder in cash. The Note was secured by a first trust deed and an assignment of rents on the Property, and bore interest at an annual rate of 3.5%, payable in monthly installments. The Company received the principal amount on the Note along with accrued interest in November 2021. Interest earned on the Note was recognized in other revenues in the Company's consolidated statements of operations. The Company elected to apply the fair value option to the Note at the time it was first recognized. The fair value of note receivable is included in other assets in the Company's consolidated balance sheets, while the changes in fair value of note receivable are included in net realized investment gains in the Company's consolidated statements of operations. Options Sold The Company writes covered call options through listed and over-the-counter exchanges. When the Company writes an option, an amount equal to the premium received by the Company is recorded as a liability and is subsequently adjusted to the current fair value of the option written. Premiums received from writing options that expire unexercised are treated by the Company as realized gains from investments on the expiration date. If a call option is exercised, the premium is added to the proceeds from the sale of the underlying security in determining whether the Company has realized a gain or loss. The Company, as writer of an option, bears the market risk of an unfavorable change in the price of the security underlying the written option. Liabilities for covered call options are included in other liabilities in the Company's consolidated balance sheets. Notes payable The fair value of the Company’s publicly traded $375 million unsecured notes at December 31, 2021 and 2020 was obtained from a third party pricing service. For additional disclosures regarding methods and assumptions used in estimating fair values, see Note 4. Fair Value Measurements.

Investments

Investments	12 Months Ended
	Dec. 31, 2021
Investments [Abstract]
Investment	Investments The following table presents gains (losses) due to changes in fair value of investments that are measured at fair value pursuant to application of the fair value option: Year Ended December 31, 2021 2020 2019 (Amounts in thousands) Fixed maturity securities $ (39,649) $ 41,394 $ 104,379 Equity securities 107,701 32,232 90,920 Short-term investments (141) (1,014) 1,295 Total gains $ 67,911 $ 72,612 $ 196,594 The following table presents gross gains (losses) realized on the sales of investments: Year Ended December 31, 2021 2020 2019 (Amounts in thousands) Gross Gross Net Gross Gross Net Gross Gross Net Fixed maturity securities $ 2,306 $ (6,690) $ (4,384) $ 1,884 $ (4,296) $ (2,412) $ 2,413 $ (1,066) $ 1,347 Equity securities 64,061 (18,826) 45,235 75,591 (80,134) (4,543) 47,411 (28,089) 19,322 Short-term investments 236 (381) (145) 146 (2,438) (2,292) 177 (2,133) (1,956) Contractual Maturity At December 31, 2021, fixed maturity holdings rated below investment grade and non-rated comprised 0.4% of total investments at fair value. Additionally, the Company owns securities that are credit enhanced by financial guarantors that are subject to uncertainty related to market perception of the guarantors’ ability to perform. Determining the estimated fair value of municipal bonds could become more difficult should markets for these securities become illiquid. The following table presents the estimated fair values of the Company's fixed maturity securities at December 31, 2021 by contractual maturity. Expected maturities will differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties. Estimated Fair Value (Amounts in thousands) Fixed maturity securities: Due in one year or less $ 403,269 Due after one year through five years 791,879 Due after five years through ten years 806,813 Due after ten years 2,029,562 Total $ 4,031,523 Investment Income The following table presents a summary of net investment income: Year Ended December 31, 2021 2020 2019 (Amounts in thousands) Fixed maturity securities $ 100,001 $ 100,166 $ 102,254 Equity securities 35,064 37,598 32,233 Short-term investments 1,059 2,822 12,381 Total investment income $ 136,124 $ 140,586 $ 146,868 Less: investment expense (6,397) (5,728) (5,605) Net investment income $ 129,727 $ 134,858 $ 141,263

Fair Value Measurements

Fair Value Measurements	12 Months Ended
	Dec. 31, 2021
Financial Instruments, Financial Assets, Balance Sheet Groupings [Abstract]
Fair Value Measurements	Fair Value Measurements The Company employs a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value. The fair value of a financial instrument is the amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date using the exit price. Accordingly, when market observable data are not readily available, the Company’s own assumptions are set to reflect those that market participants would be presumed to use in pricing the asset or liability at the measurement date. Assets and liabilities recorded at fair value on the consolidated balance sheets are categorized based on the level of judgment associated with inputs used to measure their fair value and the level of market price observability, as follows: Level 1 Unadjusted quoted prices are available in active markets for identical assets or liabilities as of the reporting date. Level 2 Pricing inputs are other than quoted prices in active markets, which are based on the following: a. Quoted prices for similar assets or liabilities in active markets; b. Quoted prices for identical or similar assets or liabilities in non-active markets; or c. Either directly or indirectly observable inputs as of the reporting date. Level 3 Pricing inputs are unobservable and significant to the overall fair value measurement, and the determination of fair value requires significant management judgment or estimation. In certain cases, inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, the level in the fair value hierarchy within which the fair value measurement in its entirety falls has been determined based on the lowest level input that is significant to the fair value measurement in its entirety. Thus, a Level 3 fair value measurement may include inputs that are observable (Level 1 or Level 2) and unobservable (Level 3). The Company’s assessment of the significance of a particular input to the fair value measurement in its entirety requires judgment and consideration of factors specific to the asset or liability. The Company uses prices and inputs that are current as of the measurement date, including during periods of market disruption. In periods of market disruption, the ability to observe prices and inputs may be reduced for many instruments. This condition could cause an instrument to be reclassified from Level 1 to Level 2, or from Level 2 to Level 3. The Company recognizes transfers between levels at either the actual date of the event or a change in circumstances that caused the transfer. Summary of Significant Valuation Techniques for Financial Assets and Financial Liabilities The Company’s fair value measurements are based on the market approach, which utilizes market transaction data for the same or similar instruments. The Company obtained unadjusted fair values on 97.9% of its investment portfolio from an independent pricing service at December 31, 2021. Level 1 measurements —Fair values of financial assets and financial liabilities are obtained from an independent pricing service, and are based on unadjusted quoted prices for identical assets or liabilities in active markets. Additional pricing services and closing exchange values are used as a comparison to ensure that reasonable fair values are used in pricing the investment portfolio. U.S. government bonds/Short-term bonds : Valued using unadjusted quoted market prices for identical assets in active markets. Common stock : Comprised of actively traded, exchange listed U.S. and international equity securities and valued based on unadjusted quoted prices for identical assets in active markets. Money market instruments : Valued based on unadjusted quoted prices for identical assets in active markets. Options sold : Comprised of free-standing exchange listed derivatives that are actively traded and valued based on quoted prices for identical instruments in active markets. Level 2 measurements —Fair values of financial assets and financial liabilities are obtained from an independent pricing service or outside brokers, and are based on prices for similar assets or liabilities in active markets or valuation models whose inputs are observable, directly or indirectly, for substantially the full term of the asset or liability. Additional pricing services are used as a comparison to ensure reliable fair values are used in pricing the investment portfolio. Municipal securities : Valued based on models or matrices using inputs such as quoted prices for identical or similar assets in active markets. Mortgage-backed securities : Comprised of securities that are collateralized by residential and commercial mortgage loans and valued based on models or matrices using multiple observable inputs, such as benchmark yields, reported trades and broker/dealer quotes, for identical or similar assets in active markets. The Company had holdings of $25.2 million and $17.6 million in commercial mortgage-backed securities at December 31, 2021 and 2020, respectively. Corporate securities/Short-term bonds : Valued based on a multi-dimensional model using multiple observable inputs, such as benchmark yields, reported trades, broker/dealer quotes and issue spreads, for identical or similar assets in active markets. Non-redeemable preferred stock : Valued based on observable inputs, such as underlying and common stock of same issuer and appropriate spread over a comparable U.S. Treasury security, for identical or similar assets in active markets. Collateralized loan obligations ("CLOs") : Valued based on underlying debt instruments and the appropriate benchmark spread for similar assets in active markets. Other asset-backed securities : Comprised of securities that are collateralized by non-mortgage assets, such as automobile loans, valued based on models or matrices using multiple observable inputs, such as benchmark yields, reported trades and broker/dealer quotes, for identical or similar assets in active markets. Note receivable : Valued based on observable inputs, such as benchmark yields, and considering any premium or discount for the differential between the stated interest rate and market interest rates, based on quoted market prices of similar instruments. Level 3 measurements —Fair values of financial assets are based on inputs that are both unobservable and significant to the overall fair value measurement, including any items in which the evaluated prices obtained elsewhere were deemed to be of a distressed trading level. Private equity fund : The single private equity fund that was not measured at net asset value ("NAV") was valued based on underlying investments of the fund or assets similar to such investments in active markets, taking into consideration specific unadjusted broker quotes based on net fund value and unobservable inputs from at least one knowledgeable outside security broker related to liquidity assumptions. This private equity fund was reclassified from Level 3 to private equity funds measured at net asset value at March 31, 2020, due to the use of the NAV practical expedient in measuring the fair value of the fund. Fair value measurement using NAV practical expedient - The fair values of the Company's investment in private equity funds measured at net asset value are determined using NAV as advised by the external fund managers and the third party administrators. The NAV of the Company's limited partnership or limited liability company interest in such a fund is based on the manager's and the administrator's valuation of the underlying holdings in accordance with the fund's governing documents and GAAP. In accordance with applicable accounting guidance, private equity funds measured at fair value using the NAV practical expedient are not classified in the fair value hierarchy. The strategy of three of the four such funds with a fair value of approximately $107.7 million at December 31, 2021 is to provide current income to investors by investing mainly in secured loans, CLOs or CLO issuers, and equity interests in vehicles established to purchase and warehouse loans; the strategy of the other such fund with a fair value of approximately $0.7 million at December 31, 2021 is to achieve favorable long-term financial returns and measurable positive social and environmental returns by investing in privately held technology, healthcare, specialty consumer goods and service companies. The Company had a maximum of approximately $32 million in unfunded commitments at December 31, 2021 with respect to the private equity funds measured at NAV whereby the Company may be called prior to April 30, 2022 to provide additional capital to fund the purchase of investments and the expenses of a new private equity fund. The Company expects to fund any capital calls on these commitments using the distributions of principal and interest from a mature private equity fund. The underlying assets of the funds are expected to be liquidated over the period of approximately one year to nine years from December 31, 2021. In addition, the Company does not have the ability to redeem or withdraw from the funds, or to sell, assign, pledge or transfer its investment, without the consent from the General Partner or Managers of each fund, but will receive distributions based on the liquidation of the underlying assets and the interest proceeds from the underlying assets. The Company’s financial instruments at fair value are reflected in the consolidated balance sheets on a trade-date basis. Related unrealized gains or losses are recognized in net realized investment gains or losses in the consolidated statements of operations. Fair value measurements are not adjusted for transaction costs. The following tables present information about the Company’s assets and liabilities measured at fair value on a recurring basis, and indicate the fair value hierarchy of the valuation techniques utilized by the Company to determine such fair values: December 31, 2021 Level 1 Level 2 Level 3 Total (Amounts in thousands) Assets Fixed maturity securities: U.S. government bonds $ 13,085 $ — $ — $ 13,085 Municipal securities — 2,843,221 — 2,843,221 Mortgage-backed securities — 137,002 — 137,002 Corporate securities — 523,853 — 523,853 Collateralized loan obligations — 314,153 — 314,153 Other asset-backed securities — 200,209 — 200,209 Total fixed maturity securities 13,085 4,018,438 — 4,031,523 Equity securities: Common stock 797,024 — — 797,024 Non-redeemable preferred stock — 65,501 — 65,501 Private equity funds measured at net asset value (1) 108,414 Total equity securities 797,024 65,501 — 970,939 Short-term investments: Short-term bonds 1,453 15,748 — 17,201 Money market instruments 122,917 — — 122,917 Other 9 — — 9 Total short-term investments 124,379 15,748 — 140,127 Total assets at fair value $ 934,488 $ 4,099,687 $ — $ 5,142,589 Liabilities Other liabilities: Options sold 301 — — 301 Total liabilities at fair value $ 301 $ — $ — $ 301 December 31, 2020 Level 1 Level 2 Level 3 Total (Amounts in thousands) Assets Fixed maturity securities: U.S. government bonds $ 13,816 $ — $ — $ 13,816 Municipal securities — 2,791,212 — 2,791,212 Mortgage-backed securities — 93,264 — 93,264 Corporate securities — 241,366 — 241,366 Collateralized debt obligations — 256,891 — 256,891 Other asset-backed securities — 153,261 — 153,261 Total fixed maturity securities 13,816 3,535,994 — 3,549,810 Equity securities: Common stock 691,782 — — 691,782 Non-redeemable preferred stock — 32,660 — 32,660 Private equity funds measured at net asset value (1) 79,409 Total equity securities 691,782 32,660 — 803,851 Short-term investments: Short-term bonds 21,999 4,929 — 26,928 Money market instruments 348,676 — — 348,676 Other 5 — — 5 Total short-term investments 370,680 4,929 — 375,609 Other assets: Note receivable — 5,725 — 5,725 Total assets at fair value $ 1,076,278 $ 3,579,308 $ — $ 4,734,995 __________ (1) The fair value is measured using the NAV practical expedient; therefore, it is not categorized within the fair value hierarchy. The fair value amount is presented in this table to permit reconciliation of the fair value hierarchy to the amounts presented in the Company's consolidated balance sheets. The following table presents a summary of changes in fair value of Level 3 financial assets: Private Equity Fund Year Ended December 31, 2021 2020 (Amounts in thousands) Beginning balance $ — $ 1,203 Net realized losses included in earnings — (1) Settlements — — Transfer out (1) — (1,202) Ending balance $ — $ — The amount of total gains or losses for the period included in earnings attributable to assets still held at December 31 $ — $ — __________ (1) The private equity fund was reclassified from Level 3 to private equity funds measured at net asset value due to the use of the NAV practical expedient in measuring the fair value of the fund at March 31, 2020. There were no transfers between Levels 1, 2, and 3 of the fair value hierarchy in 2021 and 2020. A private equity fund was reclassified from Level 3 to private equity funds measured at net asset value at March 31, 2020, as described above. At December 31, 2021 and 2020, the Company did not have any nonrecurring fair value measurements of nonfinancial assets or nonfinancial liabilities. Financial Instruments Disclosed, But Not Carried, at Fair Value The following tables present the carrying value and fair value of the Company’s financial instruments disclosed, but not carried, at fair value, and the level within the fair value hierarchy at which such instruments are categorized: December 31, 2021 Carrying Value Fair Value Level 1 Level 2 Level 3 (Amounts in thousands) Liabilities Notes payable: Unsecured notes $ 372,931 $ 413,378 $ — $ 413,378 $ — December 31, 2020 Carrying Value Fair Value Level 1 Level 2 Level 3 (Amounts in thousands) Liabilities Notes payable: Unsecured notes $ 372,532 $ 415,253 $ — $ 415,253 $ — Unsecured Notes

Fixed Assets

Fixed Assets	12 Months Ended
	Dec. 31, 2021
Property, Plant and Equipment [Abstract]
Fixed Assets	Fixed Assets The following table presents the components of fixed assets: December 31, 2021 2020 (Amounts in thousands) Land $ 18,152 $ 18,152 Buildings and improvements 142,181 139,274 Furniture and equipment 48,507 46,450 Capitalized software 284,912 254,066 Leasehold improvements 6,577 7,004 500,329 464,946 Less: accumulated depreciation and amortization (308,997) (286,023) Fixed assets, net $ 191,332 $ 178,923 Depreciation expense, including amortization of leasehold improvements, was $32.5 million, $28.0 million, and $23.2 million for 2021, 2020, and 2019, respectively.

Deferred Policy Acquisition Cos

Deferred Policy Acquisition Costs	12 Months Ended
	Dec. 31, 2021
Deferred Policy Acquisition Costs Disclosures [Abstract]
Deferred Policy Acquisition Costs	Deferred Policy Acquisition Costs Deferred policy acquisition costs were as follows: December 31, 2021 2020 2019 (Amounts in thousands) Balance, beginning of year $ 246,994 $ 233,166 $ 215,131 Policy acquisition costs deferred 644,650 641,616 620,120 Amortization (633,385) (627,788) (602,085) Balance, end of year $ 258,259 $ 246,994 $ 233,166

Notes Payable

Notes Payable	12 Months Ended
	Dec. 31, 2021
Notes Payable [Abstract]
Notes Payable	Notes Payable The following table presents information about the Company's notes payable: December 31, Lender Interest Rate Expiration 2021 2020 (Amounts in thousands) Senior unsecured notes (1) Publicly traded 4.40% March 15, 2027 $ 375,000 $ 375,000 Unsecured credit facility (2) Bank of America, Wells Fargo Bank, and U.S. Bank LIBOR plus 112.5-150.0 basis points March 31, 2026 — — Total principal amount 375,000 375,000 Less unamortized discount and debt issuance costs (3) 2,069 2,468 Total $ 372,931 $ 372,532 __________ (1) On March 8, 2017, the Company completed a public debt offering issuing $375 million of senior notes. The notes are unsecured senior obligations of the Company, with a 4.4% annual coupon payable on March 15 and September 15 of each year commencing September 15, 2017. These notes mature on March 15, 2027. The Company used the proceeds from the notes to pay off the total outstanding balance of $320 million under the existing loan and credit facility agreements and terminated the agreements on March 8, 2017. The remainder of the proceeds from the notes was used for general corporate purposes. The Company incurred debt issuance costs of approximately $3.4 million, inclusive of underwriters' fees. The notes were issued at a slight discount of 99.847% of par, resulting in the effective annualized interest rate, including debt issuance costs, of approximately 4.45%. (2) On March 29, 2017, the Company entered into an unsecured credit agreement (the "2017 Credit Agreement") that provided for revolving loans of up to $50 million and was set to mature on March 29, 2022. On March 31, 2021, the Company entered into an amended and restated credit agreement (the "Amended and Restated Credit Agreement") that amended and restated the 2017 Credit Agreement. The Amended and Restated Credit Agreement, among other things, extended the maturity date of the loan that was the subject of the 2017 Credit Agreement to March 31, 2026, added U.S. Bank as an additional lender, and increased the aggregate commitments by all the lenders to $75 million from $50 million under the 2017 Credit Agreement. The interest rates on borrowings under the credit facility are based on the Company's debt to total capital ratio and range from LIBOR plus 112.5 basis points when the ratio is under 20% to LIBOR plus 150.0 basis points when the ratio is greater than or equal to 30%. Commitment fees for the undrawn portions of the credit facility range from 12.5 basis points when the ratio is under 20% to 22.5 basis points when the ratio is greater than or equal to 30%. The debt to total capital ratio is expressed as a percentage of (a) consolidated debt to (b) consolidated shareholders' equity plus consolidated debt. The Company's debt to total capital ratio was 14.9% at December 31, 2021, resulting in a 12.5 basis point commitment fee on the $75 million undrawn portion of the credit facility. As of December 31, 2021, there have been no borrowings under this facility. (3) The unamortized discount and debt issuance costs are associated with the publicly traded $375 million senior unsecured notes. These are amortized to interest expense over the life of the notes, and the unamortized balance is presented in the Company's consolidated balance sheets as a direct deduction from the carrying amount of the debt. The unamortized debt issuance cost of approximately $0.2 million associated with the $75 million unsecured revolving credit facility maturing on March 31, 2026 is included in other assets in the Company's consolidated balance sheets and amortized to interest expense over the term of the credit facility. The Company was in compliance with all of its financial covenants pertaining to minimum statutory surplus, debt to total capital ratio, and risk based capital ("RBC") ratio under the unsecured credit facility at December 31, 2021. Debt maturities for each of the next five years and thereafter as of December 31, 2021 are as follows: Maturity Amounts (in thousands) 2022 $ — 2023 — 2024 — 2025 — 2026 — Thereafter 375,000 Total $ 375,000

Leases

Leases	12 Months Ended
	Dec. 31, 2021
Leases [Abstract]
Leases	Leases The Company has operating leases for office space for insurance operations and administrative functions, automobiles for certain employees and general uses, and office equipment such as printers and computers. In addition, the Company has finance leases for electronic data processing ("EDP") equipment. As of December 31, 2021, the Company's leases had remaining terms ranging from less than one year to approximately six years. These leases may contain provisions for periodic adjustments to rates and charges applicable under such lease agreements. These rates and charges also may vary with the Company's level of use. Certain of these leases include one or more options to renew or early terminate, and the exercise of these options is at the Company's sole discretion. Certain leases also include options to purchase the leased property. The Company's lease agreements do not contain any residual value guarantees. The Company adopted ASU 2016-02, "Leases (Topic 842)," on January 1, 2019, using a modified retrospective transition method. Under this transition method, its financial results reported in periods prior to 2019 were unchanged. The Company determines if an arrangement is a lease at inception. Right-of-use ("ROU") assets represent the Company's right to use an underlying asset for the lease term and lease liabilities represent its obligation to make lease payments arising from the lease. Lease assets and liabilities are recognized at the lease commencement date based on the estimated present value of lease payments over the lease term. The Company uses its estimated incremental borrowing rate for leases for office space, office equipment and EDP equipment, which is derived from information available at the lease commencement date, in determining the present value of lease payments, as the rate implicit in the lease is not readily available for such leases. The Company gives consideration to its recent debt issuances as well as publicly available data for instruments with similar characteristics when calculating its incremental borrowing rates. For automobile leases, the Company uses the rate implicit in the lease at the lease commencement date in determining the present value of lease payments, as the readily-determinable implicit rate is provided in such leases. The Company's lease terms include options to extend or terminate the lease when it is reasonably certain that it will exercise that option. The Company does not use the short-term lease exemption practical expedient and records all leases on the balance sheets, including leases with a term of twelve months or less. The Company accounts for the lease and non-lease components as a single lease component for leases for office space, automobiles, and office equipment, while it accounts for the lease components separately from the non-lease components for EDP equipment leases. The components of lease cost along with its classification on the Company's consolidated statements of operations were as follows: Year Ended December 31, Lease Cost Classification 2021 2020 2019 (Amounts in thousands) Operating lease cost (1) Other operating expenses $ 15,846 $ 15,814 $ 15,146 Finance lease cost: Amortization of assets Other operating expenses 719 338 — Interest on lease liabilities Interest expense 25 13 — Variable lease cost (1) Other operating expenses 1,500 1,697 2,196 Sublease income (2) Other revenue (11) — — Net lease cost 18,079 17,862 17,342 __________ (1) Includes short-term leases, which are immaterial. (2) The Company subleased certain leased office space to third parties in 2021. The components of lease assets and liabilities along with their classification on the Company's consolidated balance sheets were as follows: December 31, Lease Assets and Liabilities Classification 2021 2020 (Amounts in thousands) Operating lease assets Operating lease right-of-use assets $ 31,967 $ 40,554 Operating lease liabilities Operating lease liabilities 34,577 43,825 Finance lease assets Other assets 3,503 3,107 Finance lease liabilities Other liabilities 3,126 2,836 Weighted-average lease term and discount rate were as follows: December 31, 2021 2020 Weighted-average remaining lease term (in years): Operating leases 3.2 3.8 Finance leases 4.2 5.1 Weighted-average discount rate: Operating leases 2.78 % 2.82 % Finance leases 0.97 % 0.82 % Supplemental cash flow and other information related to leases was as follows: Year Ended December 31, 2021 2020 2019 (Amounts in thousands) Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 16,158 $ 15,539 $ 14,289 Operating cash flows from finance leases 25 13 — Financing cash flows from finance leases 825 609 — ROU assets obtained in exchange for lease liabilities: Operating leases 4,904 8,673 15,372 Finance leases 1,115 3,047 — Maturities of lease liabilities as of December 31, 2021 were as follows: Year Operating Leases Finance Leases (Amounts in thousands) 2022 14,846 850 2023 9,795 850 2024 5,615 850 2025 3,161 627 2026 1,794 — 2027 and thereafter $ 1,190 $ — Total lease payments $ 36,401 $ 3,177 Less: Imputed interest 1,824 51 Total lease obligations $ 34,577 $ 3,126 As of December 31, 2021, the Company had additional lease commitments that have not yet commenced of
Lessee, Finance Leases	Leases The Company has operating leases for office space for insurance operations and administrative functions, automobiles for certain employees and general uses, and office equipment such as printers and computers. In addition, the Company has finance leases for electronic data processing ("EDP") equipment. As of December 31, 2021, the Company's leases had remaining terms ranging from less than one year to approximately six years. These leases may contain provisions for periodic adjustments to rates and charges applicable under such lease agreements. These rates and charges also may vary with the Company's level of use. Certain of these leases include one or more options to renew or early terminate, and the exercise of these options is at the Company's sole discretion. Certain leases also include options to purchase the leased property. The Company's lease agreements do not contain any residual value guarantees. The Company adopted ASU 2016-02, "Leases (Topic 842)," on January 1, 2019, using a modified retrospective transition method. Under this transition method, its financial results reported in periods prior to 2019 were unchanged. The Company determines if an arrangement is a lease at inception. Right-of-use ("ROU") assets represent the Company's right to use an underlying asset for the lease term and lease liabilities represent its obligation to make lease payments arising from the lease. Lease assets and liabilities are recognized at the lease commencement date based on the estimated present value of lease payments over the lease term. The Company uses its estimated incremental borrowing rate for leases for office space, office equipment and EDP equipment, which is derived from information available at the lease commencement date, in determining the present value of lease payments, as the rate implicit in the lease is not readily available for such leases. The Company gives consideration to its recent debt issuances as well as publicly available data for instruments with similar characteristics when calculating its incremental borrowing rates. For automobile leases, the Company uses the rate implicit in the lease at the lease commencement date in determining the present value of lease payments, as the readily-determinable implicit rate is provided in such leases. The Company's lease terms include options to extend or terminate the lease when it is reasonably certain that it will exercise that option. The Company does not use the short-term lease exemption practical expedient and records all leases on the balance sheets, including leases with a term of twelve months or less. The Company accounts for the lease and non-lease components as a single lease component for leases for office space, automobiles, and office equipment, while it accounts for the lease components separately from the non-lease components for EDP equipment leases. The components of lease cost along with its classification on the Company's consolidated statements of operations were as follows: Year Ended December 31, Lease Cost Classification 2021 2020 2019 (Amounts in thousands) Operating lease cost (1) Other operating expenses $ 15,846 $ 15,814 $ 15,146 Finance lease cost: Amortization of assets Other operating expenses 719 338 — Interest on lease liabilities Interest expense 25 13 — Variable lease cost (1) Other operating expenses 1,500 1,697 2,196 Sublease income (2) Other revenue (11) — — Net lease cost 18,079 17,862 17,342 __________ (1) Includes short-term leases, which are immaterial. (2) The Company subleased certain leased office space to third parties in 2021. The components of lease assets and liabilities along with their classification on the Company's consolidated balance sheets were as follows: December 31, Lease Assets and Liabilities Classification 2021 2020 (Amounts in thousands) Operating lease assets Operating lease right-of-use assets $ 31,967 $ 40,554 Operating lease liabilities Operating lease liabilities 34,577 43,825 Finance lease assets Other assets 3,503 3,107 Finance lease liabilities Other liabilities 3,126 2,836 Weighted-average lease term and discount rate were as follows: December 31, 2021 2020 Weighted-average remaining lease term (in years): Operating leases 3.2 3.8 Finance leases 4.2 5.1 Weighted-average discount rate: Operating leases 2.78 % 2.82 % Finance leases 0.97 % 0.82 % Supplemental cash flow and other information related to leases was as follows: Year Ended December 31, 2021 2020 2019 (Amounts in thousands) Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 16,158 $ 15,539 $ 14,289 Operating cash flows from finance leases 25 13 — Financing cash flows from finance leases 825 609 — ROU assets obtained in exchange for lease liabilities: Operating leases 4,904 8,673 15,372 Finance leases 1,115 3,047 — Maturities of lease liabilities as of December 31, 2021 were as follows: Year Operating Leases Finance Leases (Amounts in thousands) 2022 14,846 850 2023 9,795 850 2024 5,615 850 2025 3,161 627 2026 1,794 — 2027 and thereafter $ 1,190 $ — Total lease payments $ 36,401 $ 3,177 Less: Imputed interest 1,824 51 Total lease obligations $ 34,577 $ 3,126 As of December 31, 2021, the Company had additional lease commitments that have not yet commenced of

Derivative Financial Instrument

Derivative Financial Instruments	12 Months Ended
	Dec. 31, 2021
General Discussion of Derivative Instruments and Hedging Activities [Abstract]
Derivative Financial Instruments	Derivative Financial Instruments The Company is exposed to certain risks relating to its ongoing business operations. The primary risks managed by using derivative instruments are equity price risk and interest rate risk. Equity contracts (options sold) on various equity securities are intended to manage the price risk associated with forecasted purchases or sales of such securities. From time to time, the Company also enters into derivative contracts to enhance returns on its investment portfolio. On February 13, 2014, Fannette Funding LLC ("FFL"), a special purpose investment vehicle, formed by and consolidated into the Company, entered into a total return swap agreement with Citibank. The agreement had an initial term of one year, subject to periodic renewal. In July 2018, the agreement was renewed through January 24, 2020. During the fourth quarter of 2019, the underlying obligations were liquidated and the total return swap agreement between FFL and Citibank was terminated. Under the agreement, FFL received the income equivalent on underlying obligations due to Citibank and paid to Citibank interest on the outstanding notional amount of the underlying obligations. The Company paid interest equal to LIBOR plus 128 basis points prior to the renewal of the agreement in January 2018, LIBOR plus 120 basis points subsequent to the January 2018 renewal through July 2018, and LIBOR plus 105 basis points subsequent to the July 2018 renewal until December 2019, on approximately $100 million of underlying obligations as of December 31, 2018. The following tables present the location and amounts of derivative fair values in the consolidated balance sheets and derivative gains in the consolidated statements of operations: Liability Derivatives December 31, 2021 December 31, 2020 (Amounts in thousands) Options sold - Other liabilities $ 301 $ — Total derivatives $ 301 $ — Gains Recognized in Income Year Ended December 31, 2021 2020 2019 (Amounts in thousands) Total return swaps - Net realized investment gains $ — $ — $ 1,039 Options sold - Net realized investment gains 3,045 22,306 6,339 Total $ 3,045 $ 22,306 $ 7,378 Most options sold consist of covered calls. The Company writes covered calls on underlying equity positions held as an enhanced income strategy that is permitted for the Company’s insurance subsidiaries under statutory regulations. The Company manages the risk associated with covered calls through strict capital limitations and asset diversification throughout various industries. For additional disclosures regarding equity contracts, see Note 4. Fair Value Measurements for additional disclosures regarding options sold.

Goodwill and Other Intangible A

Goodwill and Other Intangible Assets	12 Months Ended
	Dec. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Other Intangible Assets	Goodwill and Other Intangible Assets Goodwill There were no changes in the carrying amount of goodwill during 2021 and 2020. No accumulated goodwill impairment losses existed at December 31, 2021 and 2020. Goodwill is reviewed annually for impairment and more frequently if potential impairment indicators exist. No impairment indicators were identified during 2021 and 2020. The Company considered the potential impact of the COVID-19 pandemic on the market factors affecting the fair values of the reporting units in its annual impairment review in 2021 and 2020, and determined such factors did not indicate a goodwill impairment for any of the reporting units with goodwill. All of the Company's goodwill is associated with the Property and Casualty business segment (See Note 19. Segment Information for additional information on the reportable business segment). Other Intangible Assets The following table presents the components of other intangible assets: Gross Carrying Accumulated Net Carrying Useful Lives (Amounts in thousands) (in years) As of December 31, 2021 Customer relationships $ 54,862 $ (53,065) $ 1,797 11 Trade names 15,400 (8,342) 7,058 24 Technology 4,300 (4,300) — 10 Insurance license 1,400 — 1,400 Indefinite Total intangible assets, net $ 75,962 $ (65,707) $ 10,255 As of December 31, 2020 Customer relationships $ 54,862 $ (52,640) $ 2,222 11 Trade names 15,400 (7,700) 7,700 24 Technology 4,300 (4,300) — 10 Insurance license 1,400 — 1,400 Indefinite Total intangible assets, net $ 75,962 $ (64,640) $ 11,322 Other intangible assets are reviewed annually for impairment and more frequently if potential impairment indicators exist. No impairment indicators were identified during 2021 and 2020. Other intangible assets with definite useful lives are amortized on a straight-line basis over their useful lives. Other intangible assets amortization expense was $1.1 million, $1.0 million, and $5.1 million for the years ended December 31, 2021, 2020 and 2019, respectively. None of the intangible assets with definite useful lives are anticipated to have a residual value. The following table presents the estimated future amortization expense related to other intangible assets as of December 31, 2021: Year Ending December 31, Amortization Expense (Amounts in thousands) 2022 $ 1,043 2023 879 2024 851 2025 807 2026 807 Thereafter 4,468 Total $ 8,855

Income Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2021
Components of Income Tax Expense (Benefit), Continuing Operations [Abstract]
Income Taxes	Income Taxes Income tax provision The Company and its subsidiaries file a consolidated federal income tax return. The income tax expense consisted of the following components: Year Ended December 31, 2021 2020 2019 (Amounts in thousands) Federal Current $ 37,391 $ 69,554 $ 18,109 Deferred 11,349 12,340 40,413 $ 48,740 $ 81,894 $ 58,522 State Current $ 1,542 $ 1,172 $ (1,430) Deferred 1,088 828 890 $ 2,630 $ 2,000 $ (540) Total Current $ 38,933 $ 70,726 $ 16,679 Deferred 12,437 13,168 41,303 Total $ 51,370 $ 83,894 $ 57,982 In computing taxable income, property and casualty insurers reduce underwriting income by losses and loss adjustment expenses incurred. The amount of the deduction for losses incurred associated with unpaid losses is discounted at the interest rates and for the loss payment patterns prescribed by the U.S. Treasury. The Tax Cuts and Jobs Act of 2017 (the "Act") changed the prescribed interest rates to rates based on corporate bond yield curves and extended the applicable time periods for the loss payment pattern. These changes are effective for tax years beginning after 2017 and are subject to a transition rule that spreads the additional tax payments from the amount determined by applying these changes versus the previous calculated amount over the subsequent eight years beginning in 2018. The Company recorded a total deferred tax liability adjustment of approximately $8.6 million at December 31, 2018 related to the changes in discounting of unpaid losses included in the Act based on the guidance published in 2018 by the Internal Revenue Service. As of December 31, 2021 and 2020, the balance of the deferred tax liability related to changes in discounting of unpaid losses was $4.4 million, and $5.6 million, respectively. The following table presents a reconciliation of the tax expense based on the statutory rate to the Company's actual tax expense in the consolidated statements of operations: Year Ended December 31, 2021 2020 2019 (Amounts in thousands) Computed tax expense at 21% $ 62,854 $ 96,285 $ 79,394 Tax-exempt interest income (11,577) (12,270) (12,909) Dividends received deduction (1,311) (1,335) (1,276) State tax expense (benefit) 2,134 1,678 (869) Nondeductible expenses 843 983 526 Change in federal tax contingency reserve — — (2,588) Other, net (1,573) (1,447) (4,296) Income tax expense $ 51,370 $ 83,894 $ 57,982 Deferred Income Taxes Deferred tax assets and liabilities are recognized for the estimated future tax consequences attributable to differences between the financial reporting basis and the respective tax basis of the Company’s assets and liabilities, and expected benefits of utilizing net operating loss, capital loss, and tax-credit carryforwards. The ultimate realization of deferred tax assets is dependent upon generating sufficient taxable income of the appropriate character within the carryback and carryforward periods available under the tax law. Management considers the reversal of deferred tax liabilities, projected future taxable income of an appropriate nature, and tax-planning strategies in making this assessment. The Company believes that through the use of prudent tax planning strategies and the generation of capital gains, sufficient income will be realized in order to maximize the full benefits of its deferred tax assets. The following table presents the significant components of the Company’s net deferred tax assets and liabilities: December 31, 2021 2020 (Amounts in thousands) Deferred tax assets: 20% of net unearned premiums $ 65,978 $ 61,067 Discounting of loss reserves and salvage and subrogation recoverable for tax purposes 18,163 15,090 Write-down of impaired investments 168 293 Expense accruals 12,997 14,432 Other deferred tax assets 5,886 6,401 Total gross deferred tax assets 103,192 97,283 Deferred tax liabilities: Deferred policy acquisition costs (54,234) (51,869) Tax liability on net unrealized gain on securities carried at fair value (70,808) (56,531) Tax depreciation in excess of book depreciation (10,129) (12,632) Undistributed earnings of insurance subsidiaries (3,557) (3,382) Tax amortization in excess of book amortization (6,064) (4,666) Other deferred tax liabilities (11,969) (9,335) Total gross deferred tax liabilities (156,761) (138,415) Net deferred tax liabilities $ (53,569) $ (41,132) Uncertainty in Income Taxes The Company recognizes tax benefits related to positions taken, or expected to be taken, on its tax returns, only if the positions are "more-likely-than-not" sustainable. Once this threshold has been met, the Company’s measurement of its expected tax benefits is recognized in its financial statements. There was a $0.3 million decrease to the total amount of unrecognized tax benefits related to tax uncertainties during 2021. The decrease was the result of a payment of an assessment related to a California Franchise Tax Board (“FTB”) audit for tax years 2017 through 2019. The Company does not expect any changes in unrecognized tax benefits to have a material impact on its consolidated financial statements within the next 12 months. The Company and its subsidiaries file income tax returns with the Internal Revenue Service and the taxing authorities of various states. Tax years that remain subject to examination by major taxing jurisdictions are 2018 through 2020 for federal taxes, and 2011 through 2013 and 2020 for California state taxes. For tax years 2011 through 2013, the Company received Notices of Proposed Assessments ("NPAs") and submitted a formal protest to the FTB in 2018. During the fourth quarter of 2021, the FTB issued the protest determination letter for the 2011 and 2013 tax years. Tax years 2014 through 2019 have been resolved with no outstanding issues. If a reasonable settlement is not reached, the Company intends to pursue other options, including a formal hearing with the FTB, an appeal with the California Office of Tax Appeals, or litigation in Superior Court. The Company believes that the resolution of these examinations and assessments will not have a material impact on the financial position of the Company. The following table presents a reconciliation of the beginning and ending balances of unrecognized tax benefits: December 31, 2021 2020 (Amounts in thousands) Balance at January 1 $ 4,634 $ 6,051 Additions (reductions) based on tax positions related to: Current year — — Prior years (254) (1,417) Balance at December 31 $ 4,380 $ 4,634 If unrecognized tax benefits were recognized, approximately $6.2 million, including accrued interest, penalties and federal tax benefit related to unrecognized tax benefits, would impact the Company’s effective tax rate at December 31, 2021 and 2020. The Company recognizes interest and penalties related to unrecognized tax benefits as a part of income taxes. The Company recognized an accrued net expense (benefit) related to interest and penalty of approximately $0.3 million, $0.2 million, and $(0.1) million for the years ended December 31, 2021, 2020 and 2019, respectively. The net benefit for the year ended December 31, 2019 was largely due to the reversal of accrued interest and penalty following the updates from the FTB for tax years 2014 through 2016. The Company carried an accrued interest and penalty balance of approximately $3.3 million and $3.1 million at December 31, 2021 and 2020, respectively.

Loss And Loss Adjustment Expens

Loss And Loss Adjustment Expense Reserves	12 Months Ended
	Dec. 31, 2021
Insurance Loss Reserves [Abstract]
Loss And Loss Adjustment Expense Reserves	Loss and Loss Adjustment Expense Reserves The following table presents the activity in loss and loss adjustment expense reserves: Year Ended December 31, 2021 2020 2019 (Amounts in thousands) Gross reserves at January 1 $ 1,991,304 $ 1,921,255 $ 1,829,412 Reinsurance recoverables on unpaid losses (54,461) (76,100) (180,859) Cumulative effect of adopting ASU 2016-13 — 149 — Reinsurance recoverables on unpaid losses, as adjusted (54,461) (75,951) (180,859) Net reserves at January 1, as adjusted 1,936,843 1,845,304 1,648,553 Incurred losses and loss adjustment expenses related to: Current year 2,786,246 2,372,364 2,696,230 Prior years (26,091) 22,979 9,794 Total incurred losses and loss adjustment expenses 2,760,155 2,395,343 2,706,024 Loss and loss adjustment expense payments related to: Current year 1,601,998 1,366,661 1,651,550 Prior years 909,949 937,143 857,872 Total payments 2,511,947 2,303,804 2,509,422 Net reserves at December 31 2,185,051 1,936,843 1,845,155 Reinsurance recoverables on unpaid losses 41,379 54,461 76,100 Gross reserves at December 31 $ 2,226,430 $ 1,991,304 $ 1,921,255 The decrease in the provision for insured events of prior years in 2021 of approximately $26.1 million primarily resulted from lower than estimated losses and loss adjustment expenses in the homeowners and private passenger automobile lines of insurance business, partially offset by unfavorable development in the commercial automobile and commercial property lines of insurance business. The increase in the provision for insured events of prior years in 2020 of approximately $23.0 million primarily resulted from higher than estimated losses and loss adjustment expenses in the homeowners and commercial automobile lines of insurance business, partially offset by favorable development in the private passenger automobile line of insurance business. The increase in the provision for insured events of prior years in 2019 of approximately $9.8 million primarily resulted from higher than estimated defense and cost containment expenses in the California automobile line of insurance business, partially offset by favorable development in certain of the Company's other lines of insurance business. The Company recorded catastrophe losses net of reinsurance of approximately $104 million, $64 million, and $53 million in 2021, 2020, and 2019, respectively. Catastrophe losses due to the events that occurred in 2021 totaled approximately $109 million, w ith no reinsurance benefits used for these losses, resulting primarily from the deep freeze and other extreme weather events in Texas and Oklahoma, rainstorms, wildfires and winter storms in California, and the impact of Hurricane Ida in New Jersey and New York. These losses were partially offset by favorable development of approximately $5 million on prior years' catastrophe losses. Catastrophe losses due to the events that occurred in 2020 totaled approximately $69 million, with no reinsurance benefits used for these losses, resulting primarily from wildfires and windstorms in California and extreme weather events outside of California. These losses were partially offset by favorable development of approximately $5 million on prior years' catastrophe losses. Catastrophe losses due to the events that occurred in 2019 totaled approximately $57 million, with no reinsurance benefits used for these losses, resulting primarily from wildfires and winter storms in California, a hurricane in Texas, and tornadoes and wind and hail storms in the Midwest. These losses were partially offset by favorable development of approximately $4 million on prior years' catastrophe losses. During the first quarter of 2019, the Company completed the sale of its subrogation rights related to the 2018 Camp and Woolsey Fires and the 2017 Thomas Fire (which was a component of the "2017 Southern California fires") to a third party. The Company’s reinsurers were the primary beneficiaries of this transaction, as they had absorbed most of the losses under the terms of the Treaty. The Company re-estimated its gross and net losses from the 2018 Camp and Woolsey Fires and the 2017 Southern California fires in conjunction with this sale, and its total gross losses from these catastrophes, after accounting for the assignment of subrogation rights and adjustments made to claims reserves as part of normal reserving procedures, were approximately $208 million, and its total net losses, after reinsurance benefits, were approximately $40 million at March 31, 2019. The Company benefited by approximately $10 million, before taxes, in the first quarter of 2019 from the sale of the subrogation rights, including adjustments made to the associated claims as a result of normal reserving procedures, reductions in the Company's retained portion of losses on the Camp and Woolsey Fires, and reduced reinstatement premiums recognized. The following is information about incurred and paid claims development as of December 31, 2021, net of reinsurance, as well as cumulative claim frequency and the total of incurred-but-not-reported liabilities plus expected development on reported claims included within the net incurred claims amounts for our two major product lines: automobile and homeowners lines of business. As the information presented is for these two major product lines only, the total incurred and paid claims development shown below does not correspond to the aggregate development presented in the table above, which is for all product lines and includes unallocated claims adjustment expenses. The cumulative number of reported claims represents open claims, claims closed with payment, and claims closed without payment. It does not include an estimated amount for unreported claims. The number of claims is measured by claim event (such as a car accident or storm damage) and an individual claim event may result in more than one reported claim. The Company considers a claim that does not result in a liability as a claim closed without payment. The information about incurred and paid claims development for the years ended December 31, 2012 to 2020 is presented as unaudited supplementary information. Incurred Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance (Automobile Insurance) As of December 31, 2021 Total of Incurred But Not Reported Liabilities Plus Expected Development on Reported Claims Cumulative Number of Reported Claims Accident Year For the Years Ended December 31, 2012 (1) 2013 (1) 2014 (1) 2015 (1) 2016 (1) 2017 (1) 2018 (1) 2019 (1) 2020 (1) 2021 (Amounts in thousands) (Amounts in thousands) 2012 $ 1,424,754 $ 1,408,222 $ 1,409,104 $ 1,414,878 $ 1,426,735 $ 1,436,034 $ 1,438,250 $ 1,439,660 $ 1,440,537 $ 1,441,332 $ 52 181 2013 1,448,567 1,431,058 1,447,881 1,458,421 1,464,071 1,468,294 1,468,237 1,468,747 1,468,679 632 185 2014 1,467,175 1,454,366 1,473,545 1,486,322 1,498,504 1,501,075 1,501,713 1,501,850 225 180 2015 1,551,105 1,588,443 1,610,839 1,634,435 1,645,950 1,649,170 1,653,878 4,412 170 2016 1,672,853 1,669,642 1,713,696 1,731,997 1,732,410 1,740,807 6,077 155 2017 1,703,857 1,727,277 1,741,825 1,733,425 1,748,289 15,917 149 2018 1,781,817 1,773,502 1,785,071 1,806,240 36,925 146 2019 1,916,269 1,911,268 1,959,262 93,030 147 2020 1,514,551 1,448,083 154,412 89 2021 1,811,064 471,848 97 Total $ 16,579,484 __________ (1) The information for the years 2012 to 2020 is presented as unaudited supplemental information. Cumulative Paid Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance (Automobile Insurance) For the Years Ended December 31, Accident Year 2012 (1) 2013 (1) 2014 (1) 2015 (1) 2016 (1) 2017 (1) 2018 (1) 2019 (1) 2020 (1) 2021 (Amounts in thousands) 2012 $ 955,647 $ 1,194,648 $ 1,304,511 $ 1,372,828 $ 1,409,911 $ 1,422,705 $ 1,434,956 $ 1,438,686 $ 1,440,482 $ 1,441,027 2013 974,445 1,217,906 1,340,724 1,413,999 1,447,004 1,460,352 1,464,277 1,466,356 1,467,332 2014 967,481 1,231,413 1,358,472 1,432,472 1,476,944 1,490,366 1,496,814 1,500,243 2015 1,040,253 1,336,223 1,466,368 1,560,480 1,614,188 1,634,780 1,643,443 2016 1,094,006 1,395,199 1,554,217 1,656,192 1,699,069 1,722,293 2017 1,076,079 1,399,202 1,561,850 1,648,328 1,701,298 2018 1,082,127 1,417,637 1,588,049 1,697,228 2019 1,134,859 1,494,342 1,698,121 2020 825,398 1,089,096 2021 992,705 Total $ 14,952,786 All outstanding liabilities before 2012, net of reinsurance (1,381) Loss and allocated loss adjustment expense reserves, net of reinsurance $ 1,625,317 __________ (1) The information for the years 2012 to 2020 is presented as unaudited supplemental information. Incurred Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance (Homeowners Insurance) As of December 31, 2021 Total of Incurred But Not Reported Liabilities Plus Expected Development on Reported Claims Cumulative Number of Reported Claims Accident Year For the Years Ended December 31, 2012 (1) 2013 (1) 2014 (1) 2015 (1) 2016 (1) 2017 (1) 2018 (1) 2019 (1) 2020 (1) 2021 (Amounts in thousands) (Amounts in thousands) 2012 $ 196,063 $ 188,010 $ 190,376 $ 191,548 $ 192,057 $ 191,804 $ 192,905 $ 192,790 $ 193,002 $ 193,040 $ 98 25 2013 191,903 188,915 188,026 186,795 187,165 188,014 187,147 187,683 187,627 91 23 2014 199,298 202,621 203,218 202,513 204,986 208,003 208,743 209,622 1,156 25 2015 234,800 234,881 233,501 236,855 238,652 239,941 240,927 3,894 24 2016 250,691 259,489 259,497 259,708 260,496 259,984 544 24 2017 309,491 295,163 288,322 289,869 289,295 409 30 2018 311,798 308,361 310,695 305,292 3,873 25 2019 359,643 366,139 361,421 7,765 30 2020 420,257 411,404 15,816 29 2021 510,724 106,771 28 Total $ 2,969,336 __________ (1) The information for the years 2012 to 2020 is presented as unaudited supplemental information. Cumulative Paid Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance (Homeowners Insurance) For the Years Ended December 31, Accident Year 2012 (1) 2013 (1) 2014 (1) 2015 (1) 2016 (1) 2017 (1) 2018 (1) 2019 (1) 2020 (1) 2021 (Amounts in thousands) 2012 $ 128,618 $ 175,029 $ 182,756 $ 188,121 $ 190,373 $ 190,649 $ 191,660 $ 192,362 $ 192,454 $ 192,470 2013 133,528 174,295 180,858 183,860 185,168 186,132 186,494 186,816 187,141 2014 139,615 186,996 194,605 198,758 202,193 203,333 207,524 207,801 2015 163,196 213,994 224,178 230,480 234,683 235,971 236,143 2016 173,537 234,215 245,878 253,919 256,642 258,477 2017 217,900 269,254 278,341 283,311 286,531 2018 213,038 271,534 286,658 294,099 2019 240,240 324,953 340,237 2020 271,208 365,910 2021 316,314 Total $ 2,685,123 All outstanding liabilities before 2012, net of reinsurance 1,916 Loss and allocated loss adjustment expense reserves, net of reinsurance $ 286,129 __________ (1) The information for the years 2012 to 2020 is presented as unaudited supplemental information. The following is unaudited supplementary information about average historical claims duration as of December 31, 2021. Average Annual Percentage Payout of Incurred Claims by Age, Net of Reinsurance Years 1 2 3 4 5 6 7 8 9 10 Automobile insurance 61.4 % 17.7 % 8.8 % 5.3 % 2.8 % 1.1 % 0.5 % 0.2 % 0.1 % — % Average Annual Percentage Payout of Incurred Claims by Age, Net of Reinsurance Years 1 2 3 4 5 6 7 8 9 10 Homeowners insurance 67.8 % 21.8 % 4.0 % 2.3 % 1.2 % 0.5 % 0.7 % 0.2 % 0.1 % — % The reconciliation of the net incurred and paid claims development tables to the liability for claims and claim adjustment expenses in the consolidated balance sheets is as follows: Reconciliation of the Disclosure of Incurred and Paid Claims Development to the Loss and Loss Adjustment Expense Reserves December 31, 2021 (Amounts in thousands) Net outstanding liabilities Automobile insurance $ 1,625,317 Homeowners insurance 286,129 Other short-duration insurance lines 148,389 Loss and loss adjustment expense reserves, net of reinsurance recoverables on unpaid losses 2,059,835 Reinsurance recoverables on unpaid losses Automobile insurance 16,416 Homeowners insurance 23,958 Other short-duration insurance lines 1,005 Total reinsurance recoverables on unpaid losses 41,379 Insurance lines other than short-duration 706 Unallocated claims adjustment expenses 124,510 125,216 Total gross loss and loss adjustment expense reserves $ 2,226,430

Dividends

Dividends	12 Months Ended
	Dec. 31, 2021
Dividends [Abstract]
Dividends	Dividends The following table presents shareholder dividends paid: Year Ended December 31, 2021 2020 2019 (Amounts in thousands, except per share data) Total paid $ 140,226 $ 139,640 $ 139,071 Per share paid $ 2.5325 $ 2.5225 $ 2.5125 The Insurance Companies are subject to the financial capacity guidelines established by their domiciliary states. The payment of dividends from statutory unassigned surplus of the Insurance Companies is restricted, subject to certain statutory limitations. As of December 31, 2021, the insurance subsidiaries of the Company are permitted to pay approximately $252 million in dividends in 2022 to Mercury General without the prior approval of the DOI of domiciliary states. The above statutory regulations may have the effect of indirectly limiting the ability of the Company to pay shareholder dividends. During 2021, 2020, and 2019, the Insurance Companies paid Mercury General ordinary dividends of $191 million, $121 million, and $114 million, respectively. On February 11, 2022, the Board of Directors declared a $0.6350 quarterly dividend payable on March 30, 2022 to shareholders of record on March 16, 2022.

Statutory Balances and Accounti

Statutory Balances and Accounting Practices	12 Months Ended
	Dec. 31, 2021
Statutory Balances And Accounting Practices [Abstract]
Statutory Balances and Accounting Practices	Statutory Balances and Accounting PracticesThe Insurance Companies prepare their statutory-basis financial statements in conformity with accounting practices prescribed or permitted by the insurance departments of their domiciliary states. Prescribed statutory accounting practices primarily include those published as statements of statutory accounting principles by the National Association of Insurance Commissioners (the "NAIC"), as well as state laws, regulations, and general administrative rules. Permitted statutory accounting practices encompass all accounting practices not so prescribed. As of December 31, 2021, there were no material permitted statutory accounting practices utilized by the Insurance Companies. The following table presents the statutory net income, and statutory capital and surplus of the Insurance Companies, as reported to regulatory authorities: Year Ended December 31, 2021 2020 2019 (Amounts in thousands) Statutory net income (1) $ 200,488 $ 283,928 $ 135,670 Statutory capital and surplus $ 1,827,210 $ 1,768,103 $ 1,539,998 __________ (1) Statutory net income reflects differences from GAAP net income, including changes in the fair value of the investment portfolio as a result of the application of the fair value option.

Profit Sharing Plan and Annual

Profit Sharing Plan and Annual Cash Bonuses	12 Months Ended
	Dec. 31, 2021
Deferred Compensation Arrangements [Abstract]
Profit Sharing Plan and Annual Cash Bonuses	Profit Sharing Plan and Annual Cash Bonuses The Company’s employees are eligible to become members of the Profit Sharing Plan (the "Plan"). The Company, at the option of the Board of Directors, may make annual contributions to the Plan, and the contributions are not to exceed the greater of the Company’s net income for the plan year or its retained earnings at that date. In addition, the annual contributions may not exceed an amount equal to 15% of the compensation paid or accrued during the year to all participants under the Plan. No contributions were made in the past three years. The Plan includes an option for employees to make salary deferrals under Section 401(k) of the Internal Revenue Code. Expenses for the matching contributions, at a rate set by the Board of Directors, totaled approximately $10.4 million, $11.2 million, and $9.9 million for 2021, 2020, and 2019, respectively. The Plan also includes an employee stock ownership plan that covers substantially all employees. The Board of Directors authorizes the Plan to purchase the Company’s common stock in the open market for allocation to the Plan participants. No purchases were made during the past three years. The Company also provides company-wide annual cash bonuses to all eligible employees based on performance criteria for each recipient and for the Company as a whole. The Company performance goals were based on the Company's premium growth and combined ratio. The Company paid a total of approximately $36.9 million and $11.6 million of company-wide annual cash bonuses to all its eligible employees in 2021 and 2020, respectively. The Company did not pay any company-wide annual cash bonuses to all eligible employees in 2019.

Share-Based Compensation

Share-Based Compensation	12 Months Ended
	Dec. 31, 2021
Share-based Payment Arrangement [Abstract]
Share-Based Compensation	Share-Based CompensationIn February 2015, the Company adopted the 2015 Incentive Award Plan (the "2015 Plan"), replacing the 2005 Equity Incentive Plan (the "2005 Plan") which expired in January 2015. The 2015 Plan was approved at the Company's Annual Meeting of Shareholders in May 2015. A maximum of 4,900,000 shares of common stock under the 2015 Plan are authorized for issuance upon exercise of stock options, stock appreciation rights and other awards, or upon vesting of RSU or deferred stock awards. The Company granted 80,000 stock options, 10,000 of which were forfeited, with 4,830,000 shares of common stock available for future grant under the 2015 Plan as of December 31, 2021. The following table presents a summary of cash received, compensation costs recognized and excess tax benefit, related to the Company's share-based awards: Year Ended December 31, 2021 2020 2019 (Amounts in thousands) Cash received from stock option exercises $ 215 $ — $ 701 Compensation cost, all share-based awards 141 142 123 Excess tax benefit, all share-based awards (117) — (7) Stock Option Awards Stock option awards become exercisable at a rate of 25% per year beginning one year from the date granted, are granted at the closing price of the Company's stock on the date of grant, and expire after 10 years. In February 2018, the Compensation Committee of the Company's Board of Directors awarded a total of 80,000 stock options to four senior executives under the 2015 Plan which will vest over the four-year requisite service period. 10,000 of these stock options were forfeited in February 2019 following the departure of a senior executive. The fair values of these stock options were estimated on the date of grant using a closed-form option valuation model (Black-Scholes). No stock options were awarded in 2021, 2020 and 2019 under the 2015 Plan. The following table provides the assumptions used in the calculation of grant-date fair values of these stock options based on the Black-Scholes option pricing model: Weighted-average grant-date fair value $ 8.09 Expected volatility 33.18 % Risk-free interest rate 2.62 % Expected dividend yield 5.40 % Expected term in months 72 Expected volatility is based on historical volatility of the Company’s stock over the term of the stock options. The Company estimated the expected term of stock options, which represents the period of time that stock options granted are expected to be outstanding, by using historical exercise patterns and post-vesting termination behavior. The risk free interest rate is determined based on U.S. Treasury yields with equivalent remaining terms in effect at the time of the grant. The following table presents a summary of the stock option activity for the year ended December 31, 2021: Shares Weighted-Average Weighted-Average Aggregate Outstanding at January 1, 2021 67,500 $ 43.01 Exercised (47,500) $ 43.01 Canceled or expired — $ — Outstanding at December 31, 2021 20,000 $ 43.01 6.1 $ 201 Exercisable at December 31, 2021 2,500 $ 43.01 6.1 $ 25 The aggregate intrinsic values in the table above represent the total pre-tax intrinsic value (the difference between the Company’s closing stock price and the stock option exercise price, multiplied by the number of in-the-money stock options) that would have been received by the stock option holders had all stock options been exercised on December 31, 2021. The aggregate intrinsic value of stock options exercised was $1,007,175 and $217,064 for 2021 and 2019, respectively. There were no stock options exercised in 2020. The total fair value of stock options vested in each of 2021, 2020, and 2019 was $141,584. The following table presents information regarding stock options outstanding at December 31, 2021: Options Outstanding Options Exercisable Exercise Price Number of Weighted-Average Weighted- Number of Weighted- $43.01 20,000 6.1 $ 43.01 2,500 $ 43.01 As of December 31, 2021, the Company had $14,720 of unrecognized compensation expense related to stock options awarded under the 2015 Plan, which will be recognized ratably over the remaining vesting period of approximately 0.1 years. Restricted Stock Unit Awards Under the 2015 Plan and 2005 Plan, the Compensation Committee of the Company’s Board of Directors granted performance-based vesting RSU awards to the Company’s senior management and key employees prior to 2017. No RSUs were awarded in 2021, 2020, and 2019 under the 2015 Plan. The following table presents a summary of RSU awards activity during the years indicated: Year Ended December 31, 2021 2020 2019 Shares Weighted- Shares Weighted- Shares Weighted- Outstanding at January 1 — $ — — $ — 75,250 $ 53.49 Vested — $ — — $ — — $ — Forfeited/Canceled — $ — — $ — (6,000) $ 53.49 Expired — $ — — $ — (69,250) $ 53.49 Outstanding at December 31 — $ — — $ — — $ — The RSU awards vested at the end of a three-year performance period beginning with the year of the grant, and then only if, and to the extent that, the Company’s performance during the performance period achieved the threshold established by the Compensation Committee of the Company’s Board of Directors. Performance thresholds were based on the Company’s cumulative underwriting income, annual underwriting income, and net earned premium growth. Shares were forfeited or canceled when employees were no longer employed by the Company. Expired shares represent shares that did not meet the vesting requirements. The fair value of each RSU grant was determined based on the closing price of the Company's common stock on the grant date for awards classified as equity and on each reporting date for awards classified as liability. Compensation cost was recognized based on management’s best estimate of the performance goals that would be achieved at the end of the performance period, taking into account expected forfeitures. If the minimum performance goals were not met, no compensation cost was recognized and any recognized compensation cost was reversed. In February 2019, based on certification by the Compensation Committee of the Company's Board of Directors of the results of the three-year performance period ended December 31, 2018, all of the outstanding RSUs granted in 2016 expired unvested because the Company did not meet the minimum three-year performance threshold.

Earnings Per Share

Earnings Per Share	12 Months Ended
	Dec. 31, 2021
Earnings Per Share Reconciliation [Abstract]
Earnings Per Share	Earnings Per Share The following table presents a reconciliation of the numerators and denominators of the basic and diluted earnings per share calculations: Year Ended December 31, 2021 2020 2019 Net Income Weighted Average Per-Share Net Income Weighted Average Per-Share Net Income Weighted Average Per-Share (Amounts and numbers in thousands, except per-share data) Basic EPS Net income available to common stockholders $ 247,937 55,368 $ 4.48 $ 374,607 55,358 $ 6.77 $ 320,087 55,351 $ 5.78 Effect of dilutive securities: Options — 6 — — — 9 Diluted EPS Net income available to common stockholders after assumed conversions $ 247,937 55,374 $ 4.48 $ 374,607 55,358 $ 6.77 $ 320,087 55,360 $ 5.78 Potentially dilutive securities representing approximately 67,500 shares of common stock were excluded from the computation of diluted earnings per common share for 2020 because their effect would have been anti-dilutive. There were no potentially dilutive securities with anti-dilutive effect for 2021 and 2019.

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Dec. 31, 2021
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Leases The Company is obligated under various non-cancellable lease agreements providing for office space, automobiles, office equipment, and EDP equipment that expire at various dates through the year 2028. See Note 7. Leases for additional information on leases and future lease payments as of December 31, 2021. California Earthquake Authority ("CEA") The CEA is a quasi-governmental organization that was established to provide a market for earthquake coverage to California homeowners. The Company places all new and renewal earthquake coverage offered with its homeowners policies directly with the CEA. The Company receives a small fee for placing business with the CEA, which is recorded as other income in the consolidated statements of operations. Upon the occurrence of a major seismic event, the CEA has the ability to assess participating companies for losses. These assessments are made after CEA capital has been expended and are based upon each company’s participation percentage multiplied by the amount of the total assessment. Based upon the most recent information provided by the CEA, the Company’s maximum total exposure to CEA assessments at April 1, 2021, the most recent date at which information was available, was approximately $77.1 million. There was no assessment made in 2021. Regulatory Matters On April 13, 2020, the California Insurance Commissioner issued Bulletin 2020-3 ordering insurers to make an initial premium adjustment within 120 days from the date of the Bulletin 2020-3 to adversely impacted California policyholders for the months of March and April 2020. On May 15, 2020, the California Insurance Commissioner issued Bulletin 2020-4 extending the directives in Bulletin 2020-3 through May 31, 2020. Bulletin 2020-8, originally issued on June 25, 2020 and amended on December 3, 2020, extended the previous directives of Bulletin 2020-3 and Bulletin 2020-4 through June 30, 2020, as well as any months subsequent to June 2020 because the COVID-19 pandemic continued to result in projected loss exposures remaining overstated or misclassified. On March 11, 2021, the California Insurance Commissioner issued Bulletin 2021-03 directing California insurance companies to do more to return additional premium relief commensurate with continuing reductions in the exposure to loss for particular lines of insurance and to communicate with their policyholders about how they will return premiums as well as options available to reduce their ongoing premiums. On October 5, 2021, the Company received a letter from the California DOI requesting additional information on the amount of premium refunds or credits that the Company has provided or plans to further provide to its private passenger automobile policyholders, and the methodology used in determining such refunds or credits for the time period of March 2020 through at least March 2021, due to reduced driving during the pandemic. On October 6, 2021, the California DOI issued a press release alleging that the Company and two other insurers have not provided enough premium relief to the policyholders through premium refunds or credits for lower frequency resulting from reduced driving during the pandemic. The Company believes that the amounts returned to-date, including the mileage reductions on individual policies, have provided appropriate and material relief to its policyholders and that there is no legal basis for the California DOI to require the Company to issue additional refunds. The total amount of premiums returned to the Company's policyholders through refunds or credits is approximately $128 million, which reduced its net premiums earned for 2020. The Company has also worked with its agents and policyholders to reclassify exposures on an individual policy basis, including reducing mileage on a large number of vehicles since the pandemic began. Management believes the mileage reductions have significantly reduced premiums on those individual policies in a manner consistent with the Company’s filed and approved rates. However, the Company cannot predict whether or not the California DOI will take further actions against the Company related to the premium refunds and credits, which may include ordering the Company to provide additional premium refunds to its policyholders, nor can it reasonably estimate the amount of such additional refunds or other losses, if any, due to any potential actions by the California DOI and the Company's responses to such actions. Litigation On September 10, 2021, the California DOI served the Company a Notice of Non-Compliance ("NNC"), alleging violations in connection with its 2014 Rating & Underwriting Examination Report, which was adopted by the California DOI in 2019. The NNC itemizes alleged violations, many of which management believes were corrected or otherwise resolved during the course of the examination, and seeks penalties. The Company has participated in lengthy and detailed discussions with the California DOI since the adoption of the examination report, in an attempt to address the issues deemed unresolved by the California DOI, and has taken several additional corrective actions approved by the California DOI. The Company is continuing discussions with the California DOI in order to resolve the outstanding issues, or at least obtain the agreement of the California DOI to remove the resolved items from the NNC before proceeding to a formal hearing process. The Company cannot reasonably predict the outcome of the hearing if it occurs, nor can it reasonably estimate the amount of penalties, if any. The Company is, from time to time, named as a defendant in various lawsuits or regulatory actions incidental to its insurance business. The majority of lawsuits brought against the Company relate to insurance claims that arise in the normal course of business and are reserved for through the reserving process. For a discussion of the Company’s reserving methods, see Note 1. Summary of Significant Accounting Policies. The Company also establishes reserves for non-insurance claims related lawsuits, regulatory actions, and other contingencies when the Company believes a loss is probable and is able to estimate its potential exposure. For loss contingencies believed to be reasonably possible, the Company also discloses the nature of the loss contingency and an estimate of the possible loss, range of loss, or a statement that such an estimate cannot be made. In addition, the Company accrues for anticipated legal defense costs associated with such lawsuits and regulatory actions. While actual losses may differ from the amounts recorded and the ultimate outcome of the Company’s pending actions is generally not yet determinable, the Company does not believe that the ultimate resolution of currently pending legal or regulatory proceedings, either individually or in the aggregate, will have a material adverse effect on its financial condition or cash flows. The Company is also involved in proceedings relating to assessments made by the FTB. See Note 11. Income Taxes.

Segment Information

Segment Information	12 Months Ended
	Dec. 31, 2021
Segment Reporting [Abstract]
Segment Information	Segment Information The Company is primarily engaged in writing personal automobile insurance and provides related property and casualty insurance products to its customers through 13 subsidiaries in 11 states, principally in California. The Company has one reportable business segment - the Property and Casualty business segment. The Company’s Chief Operating Decision Maker evaluates operating results based on pre-tax underwriting results which is calculated as net premiums earned less (a) losses and loss adjustment expenses and (b) underwriting expenses (policy acquisition costs and other operating expenses). Expenses are allocated based on certain assumptions that are primarily related to premiums and losses. The Company’s net investment income, net realized investment gains (losses), other income, and interest expense are excluded in evaluating pre-tax underwriting profit. The Company does not allocate its assets, including investments, or income taxes in evaluating pre-tax underwriting profit. Property and Casualty Lines The Property and Casualty business segment offers several insurance products to the Company’s individual customers and small business customers. These insurance products are: private passenger automobile, which is the Company’s primary business, and related insurance products such as homeowners, commercial automobile and commercial property. These insurance products are primarily sold to the Company’s individual customers and small business customers, which increases retention of the Company’s private personal automobile client base. The insurance products comprising the Property and Casualty business segment are sold through the same distribution channels, mainly through independent and 100% owned insurance agents, and go through a similar underwriting process. Other Lines The Other business segment represents net premiums written and earned from an operating segment that does not meet the quantitative thresholds required to be considered a reportable segment. This operating segment offers automobile mechanical protection warranties which are primarily sold through automobile dealerships and credit unions. The following table presents operating results by reportable segment for the years ended: Year Ended December 31, 2021 2020 2019 Property & Casualty Other Total Property & Casualty Other Total Property & Casualty Other Total (Amounts in millions) Net premiums earned $ 3,712.9 $ 29.0 $ 3,741.9 $ 3,526.8 $ 28.8 $ 3,555.6 $ 3,571.0 $ 28.4 $ 3,599.4 Less: Losses and loss adjustment expenses 2,746.3 13.9 2,760.2 2,381.5 13.8 2,395.3 2,692.7 13.3 2,706.0 Underwriting expenses 902.6 14.1 916.7 899.1 14.6 913.7 857.3 14.1 871.4 Underwriting gain 64.0 1.0 65.0 246.2 0.4 246.6 21.0 1.0 22.0 Investment income 129.7 134.9 141.3 Net realized investment gains 111.7 85.7 222.8 Other income 10.0 8.3 9.0 Interest expense (17.1) (17.0) (17.0) Pre-tax income $ 299.3 $ 458.5 $ 378.1 Net income $ 247.9 $ 374.6 $ 320.1 The following table presents the Company’s net premiums earned and direct premiums written by line of insurance business for the years ended: Year Ended December 31, 2021 2020 2019 Property & Casualty Other Total Property & Casualty Other Total Property & Casualty Other Total (Amounts in millions) Private passenger automobile $ 2,613.5 $ — $ 2,613.5 $ 2,591.3 $ — $ 2,591.3 $ 2,756.5 $ — $ 2,756.5 Homeowners 698.1 — 698.1 601.3 — 601.3 514.8 — 514.8 Commercial automobile 258.6 — 258.6 225.6 — 225.6 208.7 — 208.7 Other 142.7 29.0 171.7 108.6 28.8 137.4 91.0 28.4 119.4 Net premiums earned $ 3,712.9 $ 29.0 $ 3,741.9 $ 3,526.8 $ 28.8 $ 3,555.6 $ 3,571.0 $ 28.4 $ 3,599.4 Private passenger automobile $ 2,640.7 $ — $ 2,640.7 $ 2,569.0 $ — $ 2,569.0 $ 2,820.5 $ — $ 2,820.5 Homeowners 801.5 — 801.5 678.9 — 678.9 598.5 — 598.5 Commercial automobile 259.9 — 259.9 240.8 — 240.8 217.3 — 217.3 Other 175.4 30.0 205.4 136.3 29.2 165.5 106.3 32.0 138.3 Direct premiums written $ 3,877.5 $ 30.0 $ 3,907.5 $ 3,625.0 $ 29.2 $ 3,654.2 $ 3,742.6 $ 32.0 $ 3,774.6

Summary Of Investments Other Th

Summary Of Investments Other Than Investments In Related Parties	12 Months Ended
	Dec. 31, 2021
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties [Abstract]
Summary Of Investments Other Than Investments In Related Parties	Type of Investment Cost Fair Value Amounts in the (Amounts in thousands) Fixed maturity securities: U.S. government bonds $ 13,082 $ 13,085 $ 13,085 Municipal securities 2,715,578 2,843,221 2,843,221 Mortgage-backed securities 137,384 137,002 137,002 Corporate securities 529,377 523,853 523,853 Collateralized loan obligations 312,928 314,153 314,153 Other asset-backed securities 201,431 200,209 200,209 Total fixed maturity securities 3,909,780 4,031,523 4,031,523 Equity securities: Common stock 561,381 797,024 797,024 Non-redeemable preferred stock 64,429 65,501 65,501 Private equity funds measured at net asset value (1) 128,726 108,414 108,414 Total equity securities 754,536 970,939 970,939 Short-term investments 141,206 140,127 140,127 Total investments $ 4,805,522 $ 5,142,589 $ 5,142,589 __________ (1) The fair value is measured using the NAV practical expedient. See Note 4. Fair Value Measurements of the Notes to Consolidated Financial Statements for additional information. SCHEDULE I, Continued MERCURY GENERAL CORPORATION AND SUBSIDIARIES SUMMARY OF INVESTMENTS OTHER THAN INVESTMENTS IN RELATED PARTIES DECEMBER 31, 2020 Type of Investment Cost Fair Value Amounts in the (Amounts in thousands) Fixed maturity securities: U.S. government bonds $ 13,756 $ 13,816 $ 13,816 Municipal securities 2,632,559 2,791,212 2,791,212 Mortgage-backed securities 91,527 93,264 93,264 Corporate securities 240,486 241,366 241,366 Collateralized loan obligations 256,558 256,891 256,891 Other asset-backed securities 153,532 153,261 153,261 Total fixed maturity securities 3,388,418 3,549,810 3,549,810 Equity securities: Common stock 563,394 691,782 691,782 Non-redeemable preferred stock 31,430 32,660 32,660 Private equity funds measured at net asset value (1) 100,326 79,409 79,409 Total equity securities 695,150 803,851 803,851 Short-term investments 376,547 375,609 375,609 Total investments $ 4,460,115 $ 4,729,270 $ 4,729,270 __________ (1) The fair value is measured using the NAV practical expedient. See Note 4. Fair Value Measurements of the Notes to Consolidated Financial Statements for additional information.

Condensed Financial Information

Condensed Financial Information of Registrant	12 Months Ended
	Dec. 31, 2021
Condensed Financial Information Disclosure [Abstract]
Condensed Financial Information of Registrant	December 31, 2021 2020 (Amounts in thousands) ASSETS Investments, at fair value: Equity securities (cost $69,371; $75,099) $ 111,399 $ 110,596 Short-term investments (cost $20,441; $4,269) 20,441 4,269 Investment in subsidiaries 2,332,717 2,285,417 Total investments 2,464,557 2,400,282 Cash 53,738 24,652 Accrued investment income 16 20 Amounts receivable from affiliates 457 250 Current income taxes 20,738 — Income tax receivable from affiliates 14,202 5,862 Other assets 771 221 Total assets $ 2,554,479 $ 2,431,287 LIABILITIES AND SHAREHOLDERS’ EQUITY Notes payable $ 372,931 $ 372,532 Amounts payable to affiliates — 30 Income tax payable to affiliates 25,626 2,724 Current income taxes — 10,074 Deferred income taxes 10,811 8,470 Other liabilities 4,830 4,860 Total liabilities 414,198 398,690 Commitments and contingencies Shareholders’ equity: Common stock 98,943 98,970 Retained earnings 2,041,338 1,933,627 Total shareholders’ equity 2,140,281 2,032,597 Total liabilities and shareholders’ equity $ 2,554,479 $ 2,431,287 SCHEDULE II, Continued MERCURY GENERAL CORPORATION CONDENSED FINANCIAL INFORMATION OF REGISTRANT STATEMENTS OF OPERATIONS Year Ended December 31, 2021 2020 2019 (Amounts in thousands) Revenues: Net investment income $ 2,560 $ 3,323 $ 3,735 Net realized investment gains 26,523 9,575 31,682 Other — — 5 Total revenues 29,083 12,898 35,422 Expenses: Other operating expenses 2,627 3,054 2,592 Interest 17,088 17,035 17,036 Total expenses 19,715 20,089 19,628 Income (loss) before income taxes and equity in net income of subsidiaries 9,368 (7,191) 15,794 Income tax expense 4,930 600 2,816 Income (loss) before equity in net income of subsidiaries 4,438 (7,791) 12,978 Equity in net income of subsidiaries 243,499 382,398 307,109 Net income $ 247,937 $ 374,607 $ 320,087 SCHEDULE II, Continued MERCURY GENERAL CORPORATION CONDENSED FINANCIAL INFORMATION OF REGISTRANT STATEMENTS OF CASH FLOWS Year Ended December 31, 2021 2020 2019 (Amounts in thousands) Cash flows from operating activities: Net cash used in operating activities $ (36,662) $ (17,339) $ (5,392) Cash flows from investing activities: Capital contribution to subsidiaries — (30,000) (125) Capital distribution from subsidiaries — — 30,069 Distributions received from special purpose entities 5,199 12,129 5,153 Dividends received from subsidiaries 191,000 121,000 114,431 Equity securities available for sale in nature Purchases (13,151) (54,571) (39,966) Sales 38,092 67,965 74,663 (Increase) decrease in short-term investments (16,172) 25,088 (25,213) Other, net 791 254 376 Net cash provided by investing activities 205,759 141,865 159,388 Cash flows from financing activities: Dividends paid to shareholders (140,226) (139,640) (139,071) Proceeds from stock options exercised 215 — 701 Net cash used in financing activities (140,011) (139,640) (138,370) Net increase (decrease) in cash 29,086 (15,114) 15,626 Cash: Beginning of year 24,652 39,766 24,140 End of year $ 53,738 $ 24,652 $ 39,766 SUPPLEMENTAL CASH FLOW DISCLOSURE Interest paid $ 16,590 $ 16,586 $ 16,586 Income taxes paid (refunded), net $ 18,841 $ (20,552) $ (12,391) The accompanying condensed financial information should be read in conjunction with the Consolidated Financial Statements and Notes to Consolidated Financial Statements included in this report. Distributions received from Special Purpose Entities From time to time, the Company forms special purpose investment vehicles to facilitate its investment activities involving derivative instruments such as total return swaps, or limited partnerships such as private equity funds. For the three years ended December 31, 2021, the Company had two such special purpose entities: Fannette Funding LLC and Animas Funding LLC. These special purpose entities are consolidated into the Company. Creditors have no recourse against the Company in the event of default by these special purpose entities. The Company had no implied or unfunded commitments to these entities at December 31, 2021 and 2020. The Company's financial or other support provided to these entities and its loss exposure are limited to its collateral and original investment. Mercury General received distributions of $5.2 million, $12.1 million, and $5.2 million in 2021, 2020, and 2019, respectively, from these special purpose entities. Dividends received from Subsidiaries Dividends of $191,000,000, $121,000,000 and $114,431,433 were received by Mercury General from its 100% owned insurance subsidiaries in 2021, 2020 and 2019, respectively, and are recorded as a reduction to investment in subsidiaries. Capitalization of Insurance Subsidiaries Mercury General made capital contributions to its insurance subsidiaries of $0, $30,000,000 and $125,000 in 2021, 2020 and 2019, respectively. In addition, Mercury General received a capital distribution from its insurance subsidiaries of $0, $0 and $30,068,567 in 2021, 2020 and 2019, respectively. Notes Payable On March 8, 2017, Mercury General completed a public debt offering issuing $375 million of senior notes. The notes are unsecured senior obligations of Mercury General, with a 4.4% annual coupon payable on March 15 and September 15 of each year commencing September 15, 2017. These notes mature on March 15, 2027. The Company used the proceeds from the notes to pay off the total outstanding balance of $320 million under the existing loan and credit facility agreements and terminated the agreements on March 8, 2017. The remainder of the proceeds from the notes was used for general corporate purposes. Mercury General incurred debt issuance costs of approximately $3.4 million, inclusive of underwriters' fees. The notes were issued at a slight discount of 99.847% of par, resulting in the effective annualized interest rate, including debt issuance costs, of approximately 4.45%. Commitments and Contingencies On March 29, 2017, Mercury General entered into an unsecured credit agreement (the "2017 Credit Agreement") that provided for revolving loans of up to $50 million and was set to mature on March 29, 2022. On March 31, 2021, the Company entered into an amended and restated credit agreement (the "Amended and Restated Credit Agreement") that amended and restated the 2017 Credit Agreement. The Amended and Restated Credit Agreement, among other things, extended the maturity date of the loan that was the subject of the 2017 Credit Agreement to March 31, 2026, added U.S. Bank as an additional lender, and increased the aggregate commitments by all the lenders to $75 million from $50 million under the 2017 Credit Agreement. The interest rates on borrowings under the credit facility are based on the Company's debt to total capital ratio and range from LIBOR plus 112.5 basis points when the ratio is under 20% to LIBOR plus 150.0 basis points when the ratio is greater than or equal to 30%. Commitment fees for the undrawn portions of the credit facility range from 12.5 basis points when the ratio is under 20% to 22.5 basis points when the ratio is greater than or equal to 30%. The debt to total capital ratio is expressed as a percentage of (a) consolidated debt to (b) consolidated shareholders' equity plus consolidated debt. The Company's debt to total capital ratio was 14.9% at December 31, 2021, resulting in a 12.5 basis point commitment fee on the $75 million undrawn portion of the credit facility. As of February 15, 2022, there have been no borrowings under this facility. Federal Income Taxes The Company files a consolidated federal income tax return for the following entities: Mercury Casualty Company Mercury County Mutual Insurance Company Mercury Insurance Company Mercury Insurance Company of Florida California Automobile Insurance Company Mercury Indemnity Company of America California General Underwriters Insurance Company, Inc. Mercury Select Management Company, Inc. Mercury Insurance Company of Illinois Mercury Insurance Services LLC Mercury Insurance Company of Georgia AIS Management LLC Mercury Indemnity Company of Georgia Auto Insurance Specialists LLC Mercury National Insurance Company ("MNIC") (1) PoliSeek AIS Insurance Solutions, Inc. American Mercury Insurance Company Animas Funding LLC American Mercury Lloyds Insurance Company Fannette Funding LLC Orion Indemnity Company ("OIC") (2) Mercury Plus Insurance Services LLC __________ (1) MNIC was dissolved in December 2021. (2) OIC was formerly known as Workmen’s Auto Insurance Company (“WAIC”). The name change became effective in August 2021. The method of allocation between the companies is subject to an agreement approved by the Board of Directors. Allocation is based upon separate return calculations with current credit for net losses incurred by the insurance subsidiaries to the extent it can be used in the current consolidated return.

Supplemental Reinsurance Premiu

Supplemental Reinsurance Premiums	12 Months Ended
	Dec. 31, 2021
SEC Schedule, 12-16, Insurance Companies, Supplementary Insurance Information [Abstract]
Supplemental Reinsurance Premiums	2021 2020 2019 (Amounts in thousands) Direct amounts $ 3,793,664 $ 3,603,780 $ 3,655,233 Ceded to other companies (65,017) (56,212) (56,725) Assumed 13,301 8,067 910 Net amounts $ 3,741,948 $ 3,555,635 $ 3,599,418

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2021
Accounting Policies [Abstract]
Consolidation and Basis of Presentation	The consolidated financial statements include the accounts of Mercury General Corporation and its subsidiaries: Insurance Companies Mercury Casualty Company ("MCC") Mercury National Insurance Company ("MNIC") (1) Mercury Insurance Company ("MIC") American Mercury Insurance Company California Automobile Insurance Company ("CAIC") American Mercury Lloyds Insurance Company (2) California General Underwriters Insurance Company, Inc. Mercury County Mutual Insurance Company (3) Mercury Insurance Company of Illinois Mercury Insurance Company of Florida Mercury Insurance Company of Georgia Mercury Indemnity Company of America Mercury Indemnity Company of Georgia Orion Indemnity Company ("OIC") (4) Non-Insurance Companies Mercury Select Management Company, Inc. AIS Management LLC Mercury Insurance Services LLC Auto Insurance Specialists LLC Animas Funding LLC ("AFL") (5) PoliSeek AIS Insurance Solutions, Inc. Fannette Funding LLC ("FFL") (5) Mercury Plus Insurance Services LLC __________ (1) MNIC was dissolved in December 2021. (2) American Mercury Lloyds Insurance Company is not owned but is controlled by the Company through its attorney-in-fact, Mercury Select Management Company, Inc. (3) Mercury County Mutual Insurance Company is not owned but is controlled by the Company through a management contract. (4) OIC was formerly known as Workmen’s Auto Insurance Company (“WAIC”). The name change became effective in August 2021. (5) Special purpose investment vehicle. The consolidated financial statements have been prepared in conformity with U.S. generally accepted accounting principles ("GAAP"), which differ in some respects from those filed in reports to insurance regulatory authorities. All intercompany transactions and balances have been eliminated.
Use of Estimates	The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosures of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenue and expenses during the reporting period. These estimates require the Company to apply complex assumptions and judgments, and often the Company must make estimates about effects of matters that are inherently uncertain and will likely change in subsequent periods. The most significant assumptions in the preparation of these consolidated financial statements relate to reserves for losses and loss adjustment expenses. Actual results could differ from those estimates.
Investments	Financial instruments recorded in the consolidated balance sheets include investments, note receivable, other receivables, accounts payable, options sold, and notes payable. The Company’s investments include securities issued by the U.S. government and its agencies, securities issued by states and municipal governments and agencies, certain corporate and other debt securities, equity securities, and exchange traded funds. The Company applies the fair value option to all fixed maturity and equity securities and short-term investments at the time an eligible item is first recognized. The primary reasons for electing the fair value option were simplification and cost benefit considerations as well as the expansion of the use of fair value measurement by the Company consistent with the long-term measurement objectives of the Financial Accounting Standards Board (the "FASB") for accounting for financial instruments. Gains and losses due to changes in fair value for items measured at fair value pursuant to application of the fair value option are included in net realized investment gains in the Company's consolidated statements of operations, while interest and dividend income on investment holdings are recognized on an accrual basis on each measurement date and are included in net investment income in the Company's consolidated statements of operations. The Company’s fixed maturity and equity securities are classified as “trading” and carried at fair value as required when applying the fair value option. The majority of equity holdings, including non-redeemable preferred stocks, are actively traded on national exchanges or trading markets, and are valued at the last transaction price on the balance sheet date. The fair value of a financial instrument is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Due to their short-term maturity, the carrying values of other receivables and accounts payable approximate their fair values. 97.9% of the fair value of its investments at December 31, 2021 is based on observable market prices, observable pricing parameters, or is derived from such prices or parameters. The availability of observable market prices and pricing parameters can vary by financial instrument. Observable market prices and pricing parameters of a financial instrument, or a related financial instrument, are used to derive a price without requiring significant judgment. The Company may hold or acquire financial instruments that lack observable market prices or pricing parameters because they are less actively traded currently or in future periods. The fair value of such instruments is determined using techniques appropriate for each particular financial instrument. These techniques may involve some degree of judgment. The price transparency of the particular financial instrument will determine the degree of judgment involved in determining the fair value of the Company’s financial instruments. Price transparency is affected by a wide variety of factors, including the type of financial instrument, whether it is a new financial instrument and not yet established in the marketplace, and the characteristics particular to the transaction. Financial instruments for which actively quoted prices or pricing parameters are available or for which fair value is derived from actively quoted prices or pricing parameters will generally have a higher degree of price transparency. By contrast, financial instruments that are thinly traded or not quoted will generally have diminished price transparency. Even in normally active markets, the price transparency for actively quoted financial instruments may be reduced during periods of market dislocation. Alternatively, in thinly quoted markets, the participation of market makers willing to purchase and sell a financial instrument provides a source of transparency for products that otherwise are not actively quoted. For a further discussion, see Note 4. Fair Value Measurements. Fixed maturity securities include debt securities, which may have fixed or variable principal payment schedules, may be held for indefinite periods of time, and may be used as a part of the Company’s asset/liability strategy or sold in response to changes in interest rates, anticipated prepayments, risk/reward characteristics, liquidity needs, tax planning considerations, or other economic factors. Premiums and discounts on fixed maturities are amortized using first call date and are adjusted for anticipated prepayments. Premiums and discounts on mortgage-backed securities are adjusted for anticipated prepayment using the retrospective method, with the exception of some beneficial interests in securitized financial assets, which are accounted for using the prospective method. Equity securities consist of non-redeemable preferred stocks, common stocks on which dividend income is partially tax-sheltered by the 50% corporate dividend received deduction, and private equity funds. Short-term investments include money market accounts, options, and short-term bonds that are highly rated short duration securities and redeemable within one year. In the normal course of investing activities, the Company either forms or enters into relationships with variable interest entities ("VIEs"). A VIE is an entity that either has investors that lack certain essential characteristics of a controlling financial interest, such as simple majority kick-out rights, or lacks sufficient funds to finance its own activities without financial support provided by other entities. The Company performs ongoing qualitative assessments of the VIEs to determine whether the Company has a controlling financial interest in the VIE and therefore is the primary beneficiary. The Company is deemed to have a controlling financial interest when it has both the ability to direct the activities that most significantly impact the economic performance of the VIE and the obligation to absorb losses or right to receive benefits from the VIE that could potentially be significant to the VIE. Based on the Company's assessment, if it determines it is the primary beneficiary, the Company consolidates the VIE in its consolidated financial statements. From time to time, the Company forms special purpose investment vehicles to facilitate its investment activities involving derivative instruments such as total return swaps, or limited partnerships such as private equity funds. These special purpose investment vehicles are consolidated VIEs as the Company has determined it is the primary beneficiary of such VIEs. Creditors have no recourse against the Company in the event of default by these VIEs. The Company had no implied or unfunded commitments to these VIEs at December 31, 2021 and 2020. The Company's financial or other support provided to these VIEs and its loss exposure are limited to its collateral and original investment.
Deferred Policy Acquisition Costs	Deferred policy acquisition costs consist of commissions paid to outside agents, premium taxes, salaries, and certain other underwriting costs that are incremental or directly related to the successful acquisition of new and renewal insurance contracts and are amortized over the life of the related policy in proportion to premiums earned. Deferred policy acquisition costs are limited to the amount that will remain after deducting from unearned premiums and anticipated investment income, the estimated losses and loss adjustment expenses, and the servicing costs that will be incurred as premiums are earned. The Company’s deferred policy acquisition costs are further limited by excluding those costs not directly related to the successful acquisition of insurance contracts.
Fixed Assets	Fixed assets are stated at historical cost less accumulated depreciation and amortization. The useful life for buildings is 40 years. Furniture, equipment, and purchased software are depreciated on a combination of straight-line and accelerated methods over 3 to 7 years. The Company has capitalized certain consulting costs, payroll, and payroll-related costs for employees related to computer software developed for internal use, which are amortized on a straight-line method over the estimated useful life of the software, generally not exceeding 7 years. In accordance with applicable accounting standards, capitalization ceases no later than the point at which a computer software project is substantially complete and ready for its intended use. Leasehold improvements are amortized over the shorter of the useful life of the assets or the life of the associated lease.The Company periodically assesses long-lived assets or asset groups including building and equipment, for recoverability when events or changes in circumstances indicate that their carrying amounts may not be recoverable. If the Company identifies an indicator of impairment, the Company assesses recoverability by comparing the carrying amount of the asset to the sum of the undiscounted cash flows expected to result from the use and the eventual disposal of the asset. An impairment loss is recognized when the carrying amount is not recoverable and is measured as the excess of carrying value over fair value.
Goodwill And Other Intangible Assets and Capitalized Implementation Costs for Cloud Computing Arrangements	Goodwill and other intangible assets arise as a result of business acquisitions and consist of the excess of the cost of the acquisitions over the tangible and intangible assets acquired and liabilities assumed and identifiable intangible assets acquired. Identifiable intangible assets consist of the value of customer relationships, trade names, software and technology, and favorable leases, which are all subject to amortization, and an insurance license which is not subject to amortization.The Company evaluates goodwill and other intangible assets for impairment annually or whenever events or changes in circumstances indicate that it is more likely than not that the carrying amount of goodwill and other intangible assets may exceed their implied fair values. The Company qualitatively determines whether, more likely than not, the fair value exceeds the carrying amount of a reporting unit. There are numerous assumptions and estimates underlying the qualitative assessments including future earnings, long-term strategies, and the Company’s annual planning and forecasting process. If these planned initiatives do not accomplish the targeted objectives, the assumptions and estimates underlying the qualitative assessments could be adversely affected and have a material effect upon the Company’s financial condition and results of operations. In addition, the Company evaluates other intangible assets using methods similar to those used for goodwill described above.On January 1, 2020, the Company adopted Accounting Standards Update ("ASU") 2018-15, "Intangibles - Goodwill and Other - Internal-Use Software (Subtopic 350-40), Customer's Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement That Is a Service Contract," on a prospective basis, which provides guidance that requires capitalizing and amortizing certain of the implementation costs. The majority of the Company's cloud computing arrangements relate to service contracts with third parties that host the Company's data and computing infrastructure that are used in providing services to and supporting transactions with its existing or potential policyholders and insurance agents.
Premium Revenue Recognition	Premium revenue is recognized on a pro-rata basis over the terms of the policies in proportion to the amount of insurance protection provided. Premium revenue includes installment and other fees for services which are recognized in the periods in which the services are rendered. Unearned premiums represent the portion of the written premium related to the unexpired policy term. Unearned premiums are predominantly computed monthly on a pro-rata basis and are stated gross of reinsurance deductions, with the reinsurance deduction recorded in other assets.
Losses And Loss Adjustment Expenses	Unpaid losses and loss adjustment expenses are determined in amounts estimated to cover incurred losses and loss adjustment expenses and established based upon the Company’s assessment of claims pending and the development of prior years’ loss liabilities. These amounts include liabilities based upon individual case estimates for reported losses and loss adjustment expenses and estimates of such amounts that are incurred but not reported. Changes in the estimated liability are charged or credited to operations as the losses and loss adjustment expenses are re-estimated. The liability is stated net of anticipated salvage and subrogation recoveries, and gross of reinsurance recoverables on unpaid losses. Estimating loss reserves is a difficult process as many factors can ultimately affect the final settlement of a claim and, therefore, the loss reserve that is required. A key assumption in estimating loss reserves is the degree to which the historical data used to analyze reserves will be predictive of ultimate claim costs on incurred claims. Changes in the regulatory and legal environments, results of litigation, medical costs, the cost of repair materials, and labor rates, among other factors, can impact this assumption. In addition, time can be a critical part of reserving determinations since the longer the span between the incidence of a loss and the payment or settlement of a claim, the more variable the ultimate settlement amount could be. Accordingly, short-tail claims, such as property damage claims, tend to be more reasonably predictable than long-tail liability claims, such as those involving the Company’s bodily injury ("BI") coverages. Management believes that the liability for losses and loss adjustment expenses is adequate to cover the ultimate net cost of losses and loss adjustment expenses incurred to date. However, since the provisions for loss reserves are necessarily based upon estimates, the ultimate liability may be more or less than such provisions. The Company analyzes loss reserves quarterly primarily using the incurred loss, paid loss, average severity coupled with the claim count development methods, and the generalized linear model ("GLM") described below. When deciding among methods to use, the Company evaluates the credibility of each method based on the maturity of the data available and the claims settlement practices for each particular line of insurance business or coverage within a line of insurance business. The Company may also evaluate qualitative factors such as known changes in laws or legal ruling that could affect claims handling or other external environmental factors or internal factors that could affect the settlement of claims. When establishing the loss reserve, the Company will generally analyze the results from all of the methods used rather than relying on a single method. While these methods are designed to determine the ultimate losses on claims under the Company’s policies, there is inherent uncertainty in all actuarial models since they use historical data to project outcomes. The Company believes that the techniques it uses provide a reasonable basis in estimating loss reserves. • The incurred loss method analyzes historical incurred case loss (case reserves plus paid losses) development to estimate ultimate losses. The Company applies development factors against current case incurred losses by accident period to calculate ultimate expected losses. The Company believes that the incurred loss method provides a reasonable basis for evaluating ultimate losses, particularly in the Company’s larger, more established lines of insurance business which have a long operating history. • The paid loss method analyzes historical payment patterns to estimate the amount of losses yet to be paid. • The average severity method analyzes historical loss payments and/or incurred losses divided by closed claims and/or total claims to calculate an estimated average cost per claim. From this, the expected ultimate average cost per claim can be estimated. The average severity method coupled with the claim count development method provides meaningful information regarding inflation and frequency trends that the Company believes is useful in establishing loss reserves. The claim count development method analyzes historical claim count development to estimate future incurred claim count development for current claims. The Company applies these development factors against current claim counts by accident period to calculate ultimate expected claim counts. • The GLM determines an average severity for each percentile of claims that have been closed as a percentage of estimated ultimate claims. The average severities are applied to open claims to estimate the amount of losses yet to be paid. The GLM utilizes operational time, determined as a percentile of claims closed rather than a finite calendar period, which neutralizes the effect of changes in the timing of claims handling.
Derivative Financial Instruments	The Company accounts for all derivative instruments, other than those that meet the normal purchases and sales exception, as either an asset or liability, measured at fair value, which is based on information obtained from independent parties. In addition, changes in fair value are recognized in earnings unless specific hedge accounting criteria are met.
Earnings per Share	Basic earnings per share excludes dilution and reflects net income divided by the weighted average shares of common stock outstanding during the periods presented. Diluted earnings per share is based on the weighted average shares of common stock and potential dilutive securities outstanding during the periods presented.
Income Taxes	Deferred tax assets and liabilities are recognized for the estimated future tax consequences attributable to differences between the financial reporting basis and the respective tax basis of the Company’s assets and liabilities, and expected benefits of utilizing net operating loss, capital loss, and tax-credit carryforwards. The Company assesses the likelihood that its deferred tax assets will be realized and, to the extent management does not believe these assets are more likely than not to be realized, a valuation allowance is established. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates or laws is recognized in earnings in the period that includes the enactment date. The Company’s deferred income taxes usually include a combination of ordinary and capital deferred tax benefits and expenses. At December 31, 2021, the Company’s deferred income taxes were in a net liability position mainly due to deferred tax liabilities generated by unrealized gains on securities held and deferred acquisition costs. These deferred tax liabilities were substantially offset by deferred tax assets resulting from unearned premiums, loss reserve discounting, and expense accruals. In assessing the Company's ability to realize deferred tax assets, management considers whether it is more likely than not that some portion or all of the deferred tax assets will not be realized, and to the extent management does not believe these assets are more likely than not to be realized, a valuation allowance is established. The ultimate realization of deferred tax assets is dependent upon generating sufficient taxable income of the appropriate character within the carryback and carryforward periods available under the tax law. Management considers the reversal of deferred tax liabilities, projected future taxable income of an appropriate nature, and tax-planning strategies in making this assessment. Management’s recoverability assessment of the Company’s deferred tax assets which are ordinary in character takes into consideration the Company’s strong history of generating ordinary taxable income and a reasonable expectation that it will continue to generate ordinary taxable income in the future. Further, the Company has the capacity to recoup its ordinary deferred tax assets through tax loss carryback claims for taxes paid in prior years. The Company also has various deferred tax liabilities that represent sources of future ordinary taxable income. Management’s recoverability assessment with regard to its capital deferred tax assets is based on estimates of anticipated capital gains, tax-planning strategies available to generate future taxable capital gains, and the Company's capacity to absorb capital losses carried back to prior years, each of which would contribute to the realization of deferred tax benefits. The Company has significant unrealized gains in its investment portfolio that could be realized through asset dispositions, at management’s discretion. In addition, the Company expects to hold certain debt securities, which are currently in loss positions, to recovery or maturity. Management believes unrealized losses related to these debt securities, which represent a portion of the unrealized loss positions at December 31, 2021, are fully realizable at maturity. Management believes its long-term time horizon for holding these securities allows it to avoid any forced sales prior to maturity. Further, the Company has the capability to generate additional realized capital gains by entering into sale-leaseback transactions using one or more of its appreciated real estate holdings. The Company also has the capacity to recoup capital deferred tax assets through tax capital loss carryback claims for taxes paid within permitted carryback periods. The Company has the capability to implement tax planning strategies as it has a steady history of generating positive cash flows from operations and believes that its liquidity needs can be met in future periods without the forced sale of its investments. This capability assists management in controlling the timing and amount of realized losses generated during future periods. By prudent utilization of some or all of these strategies, management has the intent and believes that it has the ability to generate capital gains and minimize tax losses in a manner sufficient to avoid losing the benefits of its deferred tax assets. Management will continue to assess the need for a valuation allowance on a quarterly basis. Although realization is not assured, management believes it is more likely than not that the Company’s deferred tax assets will be realized.
Contingent Liabilities	The Company has known, and may have unknown, potential liabilities which include claims, assessments, lawsuits, or regulatory fines and penalties relating to the Company’s business. The Company continually evaluates these potential liabilities and accrues for them and/or discloses them in the notes to the consolidated financial statements where required. The Company does not believe that the ultimate resolution of currently pending legal or regulatory proceedings, either individually or in the aggregate, will have a material adverse effect on its financial condition, results of operations, or cash flows. See Note 18. Commitments and Contingencies, for the required disclosures relating to contingent liabilities.
Reinsurance	Liabilities for unearned premiums and unpaid losses are stated in the accompanying consolidated financial statements before deductions for ceded reinsurance. Unpaid losses and unearned premiums that are ceded to reinsurers are carried in reinsurance recoverables and other assets, respectively, in the Company's consolidated balance sheets. Reinsurance recoverables on unpaid losses are estimated based upon assumptions consistent with those used in establishing the liabilities related to the underlying contracts. Most of the Company's reinsurance premiums are recognized ratably over the contract period to the extent coverage remains available. Net premiums earned and losses and loss adjustment expenses are stated net of deductions for ceded reinsurance. The Company is the assuming reinsurer under a Catastrophe Participation Reinsurance Contract ("Contract") effective through December 31, 2022. The Company reimburses up to $25 million in losses for a proportional share of a portfolio of catastrophe losses under the Contract, to the extent the actual loss ratio exceeds the threshold loss ratio of 73.5%. The Company is party to a Catastrophe Reinsurance Treaty ("Treaty") covering a wide range of perils that is effective through June 30, 2022. The Treaty provides $792 million of coverage on a per occurrence basis after covered catastrophe losses exceed the $40 million Company retention limit. The Treaty specifically excludes coverage for any Florida business and for California earthquake losses on fixed property policies, such as homeowners, but does cover losses from fires following an earthquake. The Treaty provides for one full reinstatement of coverage limits with a minor exception at the top coverage layer, and includes some additional minor territorial and coverage limits. The effect of reinsurance on property and casualty premiums written and earned was as follows: Year Ended December 31, 2021 2020 2019 (Amounts in thousands) Premiums Written Direct $ 3,877,476 $ 3,624,965 $ 3,742,627 Ceded (65,521) (50,630) (43,785) Assumed 13,361 8,012 919 Net $ 3,825,316 $ 3,582,347 $ 3,699,761 Premiums Earned Direct $ 3,764,626 $ 3,574,898 $ 3,626,857 Ceded (65,017) (56,212) (56,725) Assumed 13,301 8,067 910 Net $ 3,712,910 $ 3,526,753 $ 3,571,042 The Company recognized ceded premiums earned of approximately $65 million, $56 million, and $57 million in 2021, 2020, and 2019, respectively, which are included in net premiums earned in its consolidated statements of operations, and ceded losses and loss adjustment expenses of approximately $(10) million, $(28) million, and $(71) million in 2021, 2020, and 2019, respectively, which are included in losses and loss adjustment expenses in its consolidated statements of operations. The negative ceded losses and loss adjustment expenses in 2021 was primarily the result of favorable development on prior years' catastrophe losses that had previously been ceded to the Company's reinsurers. The negative ceded losses and loss adjustment expenses in 2020 was mainly due to the reimbursements from Pacific Gas and Electric Corporation ("PG&E") Subrogation Trust Fund to the Company for certain claims paid to its policyholders related to wildfires in recent past years, in accordance with PG&E's Plan of Reorganization approved by the United States Bankruptcy Court. These loss recoveries from PG&E were ceded to the Company's reinsurers as the original losses had previously been ceded to its reinsurers under the Treaty. The negative ceded losses and loss adjustment expenses in 2019 primarily resulted from the re-estimation of the catastrophe loss reserves, including estimated subrogation, on the 2018 Camp and Woolsey Fires and the 2017 Southern California wildfires, which had previously been ceded to reinsurers under the Treaty, in conjunction with the sale of the Company's subrogation rights during the first quarter of 2019. The re-estimation primarily benefited the Company's reinsurers. See Note 12. Loss and Loss Adjustment Expense Reserves for additional information. The Insurance Companies, as primary insurers, are required to pay losses to the extent reinsurers are unable to discharge their obligations under the reinsurance agreements. collateral as necessary. The primary method of obtaining collateral is through letters of credit. Generally, the Company uses a default analysis to estimate uncollectible reinsurance recoverables. The primary components of the default analysis are reinsurance recoverable balances by reinsurer, net of collateral and any liabilities held by the Company subject to a right of offset, and future default factors used to estimate the probability that the reinsurer may be unable to meet its future obligations in full. The determination of the future default factor is based on a historical default factor published by a major rating agency applicable to the particular financial strength rating class. Application of future default factors also requires considerable judgment and assumptions, such as timing of loss payments and duration of the outstanding recoverable balances. Based on its past experiences with major catastrophes, the Company assumed that the majority of the reinsurance recoverable balances on unpaid losses outstanding at December 31, 2021 will be billed and collected or written off over the course of the next 5 years, and that the outstanding reinsurance recoverable balances on paid losses will be collected or written off within a year.
Share-Based Compensation	Share-based compensation expenses for all stock options granted or modified are based on their estimated grant-date fair values. The Company recognizes these compensation costs on a straight-line basis over the requisite service period of the award, which is the option vesting term of four years. The Company estimates forfeitures expected to occur in determining the amount of compensation cost to be recognized in each period. The fair value of stock option awards is estimated using the Black-Scholes option pricing model with the grant-date assumptions and weighted-average fair values.The fair value of each restricted stock unit ("RSU") grant is determined based on the market price on the grant date for awards classified as equity and on each reporting date for awards classified as liability. Compensation cost is recognized based on management’s best estimate of the performance goals that will be achieved at the end of the performance period, taking into account expected forfeitures. If the minimum performance goals are not expected to be met, no compensation cost is recognized and any recognized compensation cost would be reversed. See Note 16. Share-Based Compensation for additional disclosures
Revenue from Contract with Customer	The Company's revenue from contracts with customers that are in scope of Topic 606 represents the commission income that the Company's 100% owned insurance agencies, Auto Insurance Specialists LLC ("AIS") and PoliSeek AIS Insurance Solutions, Inc. ("Poliseek"), earned from third-party insurers. The Company's commission income from third-party insurers was approximately $20.2 million, $18.0 million and $16.3 million, with related expenses of approximately $12.8 million, $11.8 million and $10.5 million, for the years ended December 31, 2021, 2020 and 2019, respectively. Due to the immateriality of the Company's commission income and its related expenses to the overall consolidated financial statements, the commission income, net of related expenses, is included in other revenues in the Company's consolidated statements of operations, and in other income of the Property and Casualty business segment in the Company's segment reporting in accordance with Topic 280, Segment Reporting (see Note 19. Segment Information). AIS and PoliSeek are primarily engaged in the marketing and sales of insurance policies in private passenger automobile, commercial automobile and homeowners lines of business. Their revenues primarily consist of commission income received from property and casualty insurers. The primary performance obligation of AIS and Poliseek in return for the commission income from the insurers is to complete the sale of the policy and deliver the control of the policy to the insurer prior to the policy effective date. The total revenue from the sale of a policy is recognized when the sale is complete and the policy is effective as all the material aspects of the performance obligation are satisfied and the insurer is deemed to obtain control of the insurance policy at that time. The commission income is constrained such that the revenue is recognized only to the extent that the commission income received is not likely to be returned to the insurers due to policy cancellations. Any commission income not received when the sale is complete is recognized as commission income receivable, which is included in other receivables in the Company's consolidated balance sheets. Commission income receivable at December 31, 2021 and 2020 was approximately $1.4 million and $1.2 million, respectively.
Allowance for Credit Losses	On January 1, 2020, the Company adopted ASU 2016-13, Financial Instruments - Credit Losses (Topic 326) along with certain additional ASUs on Topic 326 using a modified retrospective transition method, and recognized the cumulative-effect adjustment of approximately $2 million to the beginning retained earnings of 2020. The cumulative-effect adjustment primarily resulted from re-estimating credit losses on the outstanding balances of the Company's premiums receivable and reinsurance recoverables at the adoption date. Topic 326 replaced the "incurred loss" methodology for recognizing credit losses with a methodology that reflects expected credit losses for financial assets that are not accounted for at fair value through net income. The Company's investment portfolio, not including accrued investment income, was not affected by Topic 326 as it applies the fair value option to all of its investments. Premiums Receivable The majority of the Company's premiums receivable are short-term in nature and are due within a year, consistent with the policy term of its insurance policies sold. Generally, premiums are collected prior to providing risk coverage, minimizing the Company's exposure to credit risk. The Company monitors the credit risk associated with premiums receivable, taking into consideration the fact that credit risk is reduced by the Company's right to offset unearned premiums against premiums receivable. The Company has established an allowance for uncollectible premiums receivable related to credit risk, and the estimated allowance is reviewed quarterly and adjusted as appropriate based on evaluations of balances due from insureds, management’s experience, historical data, current economic conditions, and reasonable and supportable forecasts of future economic conditions that affect the collectibility of the reported amounts. In estimating an allowance for uncollectible premiums receivable, the Company assesses customer balances and write-offs by state, line of business, and the year the premiums were written. The estimated allowance is based on historical write-off percentages adjusted for the effects of current trends and reasonable and supportable forecasts, as well as expected recoveries of amounts written off. Evaluating the current trends or economic conditions that impact the Company's ability to collect premiums receivable and projecting those into the remaining life of premiums receivable in order to develop a reasonable and supportable forecast of the ultimate collectibility involve significant judgment and assumptions about future economic conditions. The improving economy and declining unemployment rate contributed to the reduction in allowance for credit losses in 2021. The Company monitors the overall credit risk of premiums receivable by regularly reviewing macroeconomic indicators such as trends in unemployment, inflation and interest rates, regulatory developments such as restrictions on cancellation of policies for nonpayment of premiums, and insurance policy specific indicators such as trends in policy cancellations.
Accrued Interest Receivables	The Company made certain accounting policy elections for its accrued interest receivables on the adoption date of Topic 326 as allowed: a) an election to present accrued interest receivable balances separately from the associated financial assets on the balance sheet, and b) an election not to measure an allowance for credit losses on accrued interest receivable amounts and instead write off uncollectible accrued interest amounts in a timely manner by reversing interest income. As a general policy, the Company writes off the accrued interest receivable balance when it receives a default notice or when the scheduled interest payment is not received, unless management determines that the default is temporary considering all of the relevant information. The Company believes that for the majority of its investment securities, writing off the uncollectible interest receivable balance within a year from the due date is considered timely. In all cases, the Company writes off the accrued interest receivable immediately if management determines that it is not reasonably expected that the payment will be received. The Company did not have any cumulative-effect adjustment as a result of adopting Topic 326 for its accrued interest receivables. The Company's accrued interest receivable balances are included in accrued investment income receivables in its consolidated balance sheets.
Recently Issued Accounting Standards	Recently Issued Accounting Standards In March 2020, the Financial Accounting Standards Board ("FASB") issued ASU 2020-04, "Reference Rate Reform (Topic 848), Facilitation of the Effects of Reference Rate Reform on Financial Reporting." ASU 2020-04 provides optional

Summary of Significant Accoun_3

Summary of Significant Accounting Policies Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Dec. 31, 2021
Accounting Policies [Abstract]
Summary of Deferred Policy Acquisition Cost Amortization and Net Advertising Expense	The table below presents a summary of deferred policy acquisition cost amortization and net advertising expense: Year Ended December 31, 2021 2020 2019 (Amounts in millions) Deferred policy acquisition cost amortization $ 633.4 $ 627.8 $ 602.1 Net advertising expense 50.1 37.7 42.2
Effects of Reinsurance	The effect of reinsurance on property and casualty premiums written and earned was as follows: Year Ended December 31, 2021 2020 2019 (Amounts in thousands) Premiums Written Direct $ 3,877,476 $ 3,624,965 $ 3,742,627 Ceded (65,521) (50,630) (43,785) Assumed 13,361 8,012 919 Net $ 3,825,316 $ 3,582,347 $ 3,699,761 Premiums Earned Direct $ 3,764,626 $ 3,574,898 $ 3,626,857 Ceded (65,017) (56,212) (56,725) Assumed 13,301 8,067 910 Net $ 3,712,910 $ 3,526,753 $ 3,571,042
Premium Receivable, Allowance for Credit Loss	The following table presents a summary of changes in allowance for credit losses on premiums receivable: Year Ended December 31, 2021 2020 2019 Beginning balance $ 10,000 $ 1,445 1,458 Cumulative effect of adopting ASU 2016-13 — 1,855 — Beginning balance, as adjusted 10,000 3,300 1,458 Provision during the period for expected credit losses (893) 10,294 6,162 Write-off amounts during the period (3,693) (4,406) (7,000) Recoveries during the period of amounts previously written off 586 812 825 Ending balance $ 6,000 $ 10,000 $ 1,445
Reinsurance Recoverable, Allowance for Credit Loss	The following table presents a summary of changes in allowance for credit losses on reinsurance recoverables: Year Ended December 31, 2021 2020 2019 Beginning balance $ 91 $ — $ — Cumulative effect of adopting ASU 2016-13 — 159 — Beginning balance, as adjusted 91 159 — Provision during the period for expected credit losses (91) (68) — Write-off amounts during the period — — — Recoveries during the period of amounts previously written off — — — Ending balance $ — $ 91 $ —

Financial Instruments (Tables)

Financial Instruments (Tables)	12 Months Ended
	Dec. 31, 2021
Financial Instruments, Owned, at Fair Value [Abstract]
Estimated Fair Values of Financial Instruments	The following table presents the fair values of financial instruments: December 31, 2021 2020 (Amounts in thousands) Assets Investments $ 5,142,589 $ 4,729,270 Note receivable — 5,725 Liabilities Options sold 301 — Notes payable 413,378 415,253

Investments (Tables)

Investments (Tables)	12 Months Ended
	Dec. 31, 2021
Investments [Abstract]
Gains And Losses Due To Changes In Fair Value	The following table presents gains (losses) due to changes in fair value of investments that are measured at fair value pursuant to application of the fair value option: Year Ended December 31, 2021 2020 2019 (Amounts in thousands) Fixed maturity securities $ (39,649) $ 41,394 $ 104,379 Equity securities 107,701 32,232 90,920 Short-term investments (141) (1,014) 1,295 Total gains $ 67,911 $ 72,612 $ 196,594
Gross Gains And Losses Realized On Sales Of Investments	The following table presents gross gains (losses) realized on the sales of investments: Year Ended December 31, 2021 2020 2019 (Amounts in thousands) Gross Gross Net Gross Gross Net Gross Gross Net Fixed maturity securities $ 2,306 $ (6,690) $ (4,384) $ 1,884 $ (4,296) $ (2,412) $ 2,413 $ (1,066) $ 1,347 Equity securities 64,061 (18,826) 45,235 75,591 (80,134) (4,543) 47,411 (28,089) 19,322 Short-term investments 236 (381) (145) 146 (2,438) (2,292) 177 (2,133) (1,956)
Estimated Fair Values Of Investments	The following table presents the estimated fair values of the Company's fixed maturity securities at December 31, 2021 by contractual maturity. Expected maturities will differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties. Estimated Fair Value (Amounts in thousands) Fixed maturity securities: Due in one year or less $ 403,269 Due after one year through five years 791,879 Due after five years through ten years 806,813 Due after ten years 2,029,562 Total $ 4,031,523
Investment Income	The following table presents a summary of net investment income: Year Ended December 31, 2021 2020 2019 (Amounts in thousands) Fixed maturity securities $ 100,001 $ 100,166 $ 102,254 Equity securities 35,064 37,598 32,233 Short-term investments 1,059 2,822 12,381 Total investment income $ 136,124 $ 140,586 $ 146,868 Less: investment expense (6,397) (5,728) (5,605) Net investment income $ 129,727 $ 134,858 $ 141,263

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	12 Months Ended
	Dec. 31, 2021
Financial Instruments, Financial Assets, Balance Sheet Groupings [Abstract]
Schedule Of Assets And Liabilities Measured At Fair Value On A Recurring Basis Valuation Techniques	The following tables present information about the Company’s assets and liabilities measured at fair value on a recurring basis, and indicate the fair value hierarchy of the valuation techniques utilized by the Company to determine such fair values: December 31, 2021 Level 1 Level 2 Level 3 Total (Amounts in thousands) Assets Fixed maturity securities: U.S. government bonds $ 13,085 $ — $ — $ 13,085 Municipal securities — 2,843,221 — 2,843,221 Mortgage-backed securities — 137,002 — 137,002 Corporate securities — 523,853 — 523,853 Collateralized loan obligations — 314,153 — 314,153 Other asset-backed securities — 200,209 — 200,209 Total fixed maturity securities 13,085 4,018,438 — 4,031,523 Equity securities: Common stock 797,024 — — 797,024 Non-redeemable preferred stock — 65,501 — 65,501 Private equity funds measured at net asset value (1) 108,414 Total equity securities 797,024 65,501 — 970,939 Short-term investments: Short-term bonds 1,453 15,748 — 17,201 Money market instruments 122,917 — — 122,917 Other 9 — — 9 Total short-term investments 124,379 15,748 — 140,127 Total assets at fair value $ 934,488 $ 4,099,687 $ — $ 5,142,589 Liabilities Other liabilities: Options sold 301 — — 301 Total liabilities at fair value $ 301 $ — $ — $ 301 December 31, 2020 Level 1 Level 2 Level 3 Total (Amounts in thousands) Assets Fixed maturity securities: U.S. government bonds $ 13,816 $ — $ — $ 13,816 Municipal securities — 2,791,212 — 2,791,212 Mortgage-backed securities — 93,264 — 93,264 Corporate securities — 241,366 — 241,366 Collateralized debt obligations — 256,891 — 256,891 Other asset-backed securities — 153,261 — 153,261 Total fixed maturity securities 13,816 3,535,994 — 3,549,810 Equity securities: Common stock 691,782 — — 691,782 Non-redeemable preferred stock — 32,660 — 32,660 Private equity funds measured at net asset value (1) 79,409 Total equity securities 691,782 32,660 — 803,851 Short-term investments: Short-term bonds 21,999 4,929 — 26,928 Money market instruments 348,676 — — 348,676 Other 5 — — 5 Total short-term investments 370,680 4,929 — 375,609 Other assets: Note receivable — 5,725 — 5,725 Total assets at fair value $ 1,076,278 $ 3,579,308 $ — $ 4,734,995 __________ (1) The fair value is measured using the NAV practical expedient; therefore, it is not categorized within the fair value hierarchy. The fair value amount is presented in this table to permit reconciliation of the fair value hierarchy to the amounts presented in the Company's consolidated balance sheets.
Summary Of Changes In Fair Value Of Level 3 Financial Assets And Financial Liabilities Held At Fair Value	The following table presents a summary of changes in fair value of Level 3 financial assets: Private Equity Fund Year Ended December 31, 2021 2020 (Amounts in thousands) Beginning balance $ — $ 1,203 Net realized losses included in earnings — (1) Settlements — — Transfer out (1) — (1,202) Ending balance $ — $ — The amount of total gains or losses for the period included in earnings attributable to assets still held at December 31 $ — $ — __________ (1) The private equity fund was reclassified from Level 3 to private equity funds measured at net asset value due to the use of the NAV practical expedient in measuring the fair value of the fund at March 31, 2020.
Schedule of Carrying Values and Estimated Fair Values of Debt Instruments	The following tables present the carrying value and fair value of the Company’s financial instruments disclosed, but not carried, at fair value, and the level within the fair value hierarchy at which such instruments are categorized: December 31, 2021 Carrying Value Fair Value Level 1 Level 2 Level 3 (Amounts in thousands) Liabilities Notes payable: Unsecured notes $ 372,931 $ 413,378 $ — $ 413,378 $ — December 31, 2020 Carrying Value Fair Value Level 1 Level 2 Level 3 (Amounts in thousands) Liabilities Notes payable: Unsecured notes $ 372,532 $ 415,253 $ — $ 415,253 $ —

Fixed Assets (Tables)

Fixed Assets (Tables)	12 Months Ended
	Dec. 31, 2021
Property, Plant and Equipment [Abstract]
Schedule Of Fixed Assets	The following table presents the components of fixed assets: December 31, 2021 2020 (Amounts in thousands) Land $ 18,152 $ 18,152 Buildings and improvements 142,181 139,274 Furniture and equipment 48,507 46,450 Capitalized software 284,912 254,066 Leasehold improvements 6,577 7,004 500,329 464,946 Less: accumulated depreciation and amortization (308,997) (286,023) Fixed assets, net $ 191,332 $ 178,923

Deferred Policy Acquisition C_2

Deferred Policy Acquisition Costs (Tables)	12 Months Ended
	Dec. 31, 2021
Deferred Policy Acquisition Costs Disclosures [Abstract]
Schedule Of Deferred Policy Acquisition Costs	Deferred policy acquisition costs were as follows: December 31, 2021 2020 2019 (Amounts in thousands) Balance, beginning of year $ 246,994 $ 233,166 $ 215,131 Policy acquisition costs deferred 644,650 641,616 620,120 Amortization (633,385) (627,788) (602,085) Balance, end of year $ 258,259 $ 246,994 $ 233,166

Notes Payable (Tables)

Notes Payable (Tables)	12 Months Ended
	Dec. 31, 2021
Notes Payable [Abstract]
Schedule of Long-term Debt Instruments	The following table presents information about the Company's notes payable: December 31, Lender Interest Rate Expiration 2021 2020 (Amounts in thousands) Senior unsecured notes (1) Publicly traded 4.40% March 15, 2027 $ 375,000 $ 375,000 Unsecured credit facility (2) Bank of America, Wells Fargo Bank, and U.S. Bank LIBOR plus 112.5-150.0 basis points March 31, 2026 — — Total principal amount 375,000 375,000 Less unamortized discount and debt issuance costs (3) 2,069 2,468 Total $ 372,931 $ 372,532 __________ (1) On March 8, 2017, the Company completed a public debt offering issuing $375 million of senior notes. The notes are unsecured senior obligations of the Company, with a 4.4% annual coupon payable on March 15 and September 15 of each year commencing September 15, 2017. These notes mature on March 15, 2027. The Company used the proceeds from the notes to pay off the total outstanding balance of $320 million under the existing loan and credit facility agreements and terminated the agreements on March 8, 2017. The remainder of the proceeds from the notes was used for general corporate purposes. The Company incurred debt issuance costs of approximately $3.4 million, inclusive of underwriters' fees. The notes were issued at a slight discount of 99.847% of par, resulting in the effective annualized interest rate, including debt issuance costs, of approximately 4.45%. (2) On March 29, 2017, the Company entered into an unsecured credit agreement (the "2017 Credit Agreement") that provided for revolving loans of up to $50 million and was set to mature on March 29, 2022. On March 31, 2021, the Company entered into an amended and restated credit agreement (the "Amended and Restated Credit Agreement") that amended and restated the 2017 Credit Agreement. The Amended and Restated Credit Agreement, among other things, extended the maturity date of the loan that was the subject of the 2017 Credit Agreement to March 31, 2026, added U.S. Bank as an additional lender, and increased the aggregate commitments by all the lenders to $75 million from $50 million under the 2017 Credit Agreement. The interest rates on borrowings under the credit facility are based on the Company's debt to total capital ratio and range from LIBOR plus 112.5 basis points when the ratio is under 20% to LIBOR plus 150.0 basis points when the ratio is greater than or equal to 30%. Commitment fees for the undrawn portions of the credit facility range from 12.5 basis points when the ratio is under 20% to 22.5 basis points when the ratio is greater than or equal to 30%. The debt to total capital ratio is expressed as a percentage of (a) consolidated debt to (b) consolidated shareholders' equity plus consolidated debt. The Company's debt to total capital ratio was 14.9% at December 31, 2021, resulting in a 12.5 basis point commitment fee on the $75 million undrawn portion of the credit facility. As of December 31, 2021, there have been no borrowings under this facility.
Schedule of Maturities of Long-term Debt	Debt maturities for each of the next five years and thereafter as of December 31, 2021 are as follows: Maturity Amounts (in thousands) 2022 $ — 2023 — 2024 — 2025 — 2026 — Thereafter 375,000 Total $ 375,000

Leases (Tables)

Leases (Tables)	12 Months Ended
	Dec. 31, 2021
Leases [Abstract]
Lease, Cost	The components of lease cost along with its classification on the Company's consolidated statements of operations were as follows: Year Ended December 31, Lease Cost Classification 2021 2020 2019 (Amounts in thousands) Operating lease cost (1) Other operating expenses $ 15,846 $ 15,814 $ 15,146 Finance lease cost: Amortization of assets Other operating expenses 719 338 — Interest on lease liabilities Interest expense 25 13 — Variable lease cost (1) Other operating expenses 1,500 1,697 2,196 Sublease income (2) Other revenue (11) — — Net lease cost 18,079 17,862 17,342 __________ (1) Includes short-term leases, which are immaterial. (2) The Company subleased certain leased office space to third parties in 2021. Weighted-average lease term and discount rate were as follows: December 31, 2021 2020 Weighted-average remaining lease term (in years): Operating leases 3.2 3.8 Finance leases 4.2 5.1 Weighted-average discount rate: Operating leases 2.78 % 2.82 % Finance leases 0.97 % 0.82 % Supplemental cash flow and other information related to leases was as follows: Year Ended December 31, 2021 2020 2019 (Amounts in thousands) Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 16,158 $ 15,539 $ 14,289 Operating cash flows from finance leases 25 13 — Financing cash flows from finance leases 825 609 — ROU assets obtained in exchange for lease liabilities: Operating leases 4,904 8,673 15,372 Finance leases 1,115 3,047 —
Assets And Liabilities, Lease	on the Company's consolidated balance sheets were as follows: December 31, Lease Assets and Liabilities Classification 2021 2020 (Amounts in thousands) Operating lease assets Operating lease right-of-use assets $ 31,967 $ 40,554 Operating lease liabilities Operating lease liabilities 34,577 43,825 Finance lease assets Other assets 3,503 3,107 Finance lease liabilities Other liabilities 3,126 2,836
Lessee, Operating Lease, Liability, Maturity	Maturities of lease liabilities as of December 31, 2021 were as follows: Year Operating Leases Finance Leases (Amounts in thousands) 2022 14,846 850 2023 9,795 850 2024 5,615 850 2025 3,161 627 2026 1,794 — 2027 and thereafter $ 1,190 $ — Total lease payments $ 36,401 $ 3,177 Less: Imputed interest 1,824 51 Total lease obligations $ 34,577 $ 3,126

Derivative Financial Instrume_2

Derivative Financial Instruments (Tables)	12 Months Ended
	Dec. 31, 2021
General Discussion of Derivative Instruments and Hedging Activities [Abstract]
Summary Of Location And Amounts Of Derivative Fair Values In The Consolidated Balance Sheets	The following tables present the location and amounts of derivative fair values in the consolidated balance sheets and derivative gains in the consolidated statements of operations: Liability Derivatives December 31, 2021 December 31, 2020 (Amounts in thousands) Options sold - Other liabilities $ 301 $ — Total derivatives $ 301 $ —
Schedule Of Derivative Gains And Losses In The Consolidated Statements Of Operations	Gains Recognized in Income Year Ended December 31, 2021 2020 2019 (Amounts in thousands) Total return swaps - Net realized investment gains $ — $ — $ 1,039 Options sold - Net realized investment gains 3,045 22,306 6,339 Total $ 3,045 $ 22,306 $ 7,378

Goodwill and Other Intangible_2

Goodwill and Other Intangible Assets (Tables)	12 Months Ended
	Dec. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule Of Components Of Other Intangible Assets	The following table presents the components of other intangible assets: Gross Carrying Accumulated Net Carrying Useful Lives (Amounts in thousands) (in years) As of December 31, 2021 Customer relationships $ 54,862 $ (53,065) $ 1,797 11 Trade names 15,400 (8,342) 7,058 24 Technology 4,300 (4,300) — 10 Insurance license 1,400 — 1,400 Indefinite Total intangible assets, net $ 75,962 $ (65,707) $ 10,255 As of December 31, 2020 Customer relationships $ 54,862 $ (52,640) $ 2,222 11 Trade names 15,400 (7,700) 7,700 24 Technology 4,300 (4,300) — 10 Insurance license 1,400 — 1,400 Indefinite Total intangible assets, net $ 75,962 $ (64,640) $ 11,322
Schedule Of Estimated Future Amortization Expense Related To Intangible Assets	The following table presents the estimated future amortization expense related to other intangible assets as of December 31, 2021: Year Ending December 31, Amortization Expense (Amounts in thousands) 2022 $ 1,043 2023 879 2024 851 2025 807 2026 807 Thereafter 4,468 Total $ 8,855

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2021
Components of Income Tax Expense (Benefit), Continuing Operations [Abstract]
Components Of Income Tax Expense	The income tax expense consisted of the following components: Year Ended December 31, 2021 2020 2019 (Amounts in thousands) Federal Current $ 37,391 $ 69,554 $ 18,109 Deferred 11,349 12,340 40,413 $ 48,740 $ 81,894 $ 58,522 State Current $ 1,542 $ 1,172 $ (1,430) Deferred 1,088 828 890 $ 2,630 $ 2,000 $ (540) Total Current $ 38,933 $ 70,726 $ 16,679 Deferred 12,437 13,168 41,303 Total $ 51,370 $ 83,894 $ 57,982
Reconciliation Of Income Taxes	The following table presents a reconciliation of the tax expense based on the statutory rate to the Company's actual tax expense in the consolidated statements of operations: Year Ended December 31, 2021 2020 2019 (Amounts in thousands) Computed tax expense at 21% $ 62,854 $ 96,285 $ 79,394 Tax-exempt interest income (11,577) (12,270) (12,909) Dividends received deduction (1,311) (1,335) (1,276) State tax expense (benefit) 2,134 1,678 (869) Nondeductible expenses 843 983 526 Change in federal tax contingency reserve — — (2,588) Other, net (1,573) (1,447) (4,296) Income tax expense $ 51,370 $ 83,894 $ 57,982
Deferred Tax Assets And Liabilities	The following table presents the significant components of the Company’s net deferred tax assets and liabilities: December 31, 2021 2020 (Amounts in thousands) Deferred tax assets: 20% of net unearned premiums $ 65,978 $ 61,067 Discounting of loss reserves and salvage and subrogation recoverable for tax purposes 18,163 15,090 Write-down of impaired investments 168 293 Expense accruals 12,997 14,432 Other deferred tax assets 5,886 6,401 Total gross deferred tax assets 103,192 97,283 Deferred tax liabilities: Deferred policy acquisition costs (54,234) (51,869) Tax liability on net unrealized gain on securities carried at fair value (70,808) (56,531) Tax depreciation in excess of book depreciation (10,129) (12,632) Undistributed earnings of insurance subsidiaries (3,557) (3,382) Tax amortization in excess of book amortization (6,064) (4,666) Other deferred tax liabilities (11,969) (9,335) Total gross deferred tax liabilities (156,761) (138,415) Net deferred tax liabilities $ (53,569) $ (41,132)
Summary Of Unrecognized Tax Benefits	The following table presents a reconciliation of the beginning and ending balances of unrecognized tax benefits: December 31, 2021 2020 (Amounts in thousands) Balance at January 1 $ 4,634 $ 6,051 Additions (reductions) based on tax positions related to: Current year — — Prior years (254) (1,417) Balance at December 31 $ 4,380 $ 4,634

Loss And Loss Adjustment Expe_2

Loss And Loss Adjustment Expense Reserves (Tables)	12 Months Ended
	Dec. 31, 2021
Insurance Loss Reserves [Abstract]
Activity In The Reserves For Losses And Loss Adjustment Expenses	The following table presents the activity in loss and loss adjustment expense reserves: Year Ended December 31, 2021 2020 2019 (Amounts in thousands) Gross reserves at January 1 $ 1,991,304 $ 1,921,255 $ 1,829,412 Reinsurance recoverables on unpaid losses (54,461) (76,100) (180,859) Cumulative effect of adopting ASU 2016-13 — 149 — Reinsurance recoverables on unpaid losses, as adjusted (54,461) (75,951) (180,859) Net reserves at January 1, as adjusted 1,936,843 1,845,304 1,648,553 Incurred losses and loss adjustment expenses related to: Current year 2,786,246 2,372,364 2,696,230 Prior years (26,091) 22,979 9,794 Total incurred losses and loss adjustment expenses 2,760,155 2,395,343 2,706,024 Loss and loss adjustment expense payments related to: Current year 1,601,998 1,366,661 1,651,550 Prior years 909,949 937,143 857,872 Total payments 2,511,947 2,303,804 2,509,422 Net reserves at December 31 2,185,051 1,936,843 1,845,155 Reinsurance recoverables on unpaid losses 41,379 54,461 76,100 Gross reserves at December 31 $ 2,226,430 $ 1,991,304 $ 1,921,255
Incurred and Paid Claims Development	The information about incurred and paid claims development for the years ended December 31, 2012 to 2020 is presented as unaudited supplementary information. Incurred Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance (Automobile Insurance) As of December 31, 2021 Total of Incurred But Not Reported Liabilities Plus Expected Development on Reported Claims Cumulative Number of Reported Claims Accident Year For the Years Ended December 31, 2012 (1) 2013 (1) 2014 (1) 2015 (1) 2016 (1) 2017 (1) 2018 (1) 2019 (1) 2020 (1) 2021 (Amounts in thousands) (Amounts in thousands) 2012 $ 1,424,754 $ 1,408,222 $ 1,409,104 $ 1,414,878 $ 1,426,735 $ 1,436,034 $ 1,438,250 $ 1,439,660 $ 1,440,537 $ 1,441,332 $ 52 181 2013 1,448,567 1,431,058 1,447,881 1,458,421 1,464,071 1,468,294 1,468,237 1,468,747 1,468,679 632 185 2014 1,467,175 1,454,366 1,473,545 1,486,322 1,498,504 1,501,075 1,501,713 1,501,850 225 180 2015 1,551,105 1,588,443 1,610,839 1,634,435 1,645,950 1,649,170 1,653,878 4,412 170 2016 1,672,853 1,669,642 1,713,696 1,731,997 1,732,410 1,740,807 6,077 155 2017 1,703,857 1,727,277 1,741,825 1,733,425 1,748,289 15,917 149 2018 1,781,817 1,773,502 1,785,071 1,806,240 36,925 146 2019 1,916,269 1,911,268 1,959,262 93,030 147 2020 1,514,551 1,448,083 154,412 89 2021 1,811,064 471,848 97 Total $ 16,579,484 __________ (1) The information for the years 2012 to 2020 is presented as unaudited supplemental information. Cumulative Paid Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance (Automobile Insurance) For the Years Ended December 31, Accident Year 2012 (1) 2013 (1) 2014 (1) 2015 (1) 2016 (1) 2017 (1) 2018 (1) 2019 (1) 2020 (1) 2021 (Amounts in thousands) 2012 $ 955,647 $ 1,194,648 $ 1,304,511 $ 1,372,828 $ 1,409,911 $ 1,422,705 $ 1,434,956 $ 1,438,686 $ 1,440,482 $ 1,441,027 2013 974,445 1,217,906 1,340,724 1,413,999 1,447,004 1,460,352 1,464,277 1,466,356 1,467,332 2014 967,481 1,231,413 1,358,472 1,432,472 1,476,944 1,490,366 1,496,814 1,500,243 2015 1,040,253 1,336,223 1,466,368 1,560,480 1,614,188 1,634,780 1,643,443 2016 1,094,006 1,395,199 1,554,217 1,656,192 1,699,069 1,722,293 2017 1,076,079 1,399,202 1,561,850 1,648,328 1,701,298 2018 1,082,127 1,417,637 1,588,049 1,697,228 2019 1,134,859 1,494,342 1,698,121 2020 825,398 1,089,096 2021 992,705 Total $ 14,952,786 All outstanding liabilities before 2012, net of reinsurance (1,381) Loss and allocated loss adjustment expense reserves, net of reinsurance $ 1,625,317 __________ (1) The information for the years 2012 to 2020 is presented as unaudited supplemental information. Incurred Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance (Homeowners Insurance) As of December 31, 2021 Total of Incurred But Not Reported Liabilities Plus Expected Development on Reported Claims Cumulative Number of Reported Claims Accident Year For the Years Ended December 31, 2012 (1) 2013 (1) 2014 (1) 2015 (1) 2016 (1) 2017 (1) 2018 (1) 2019 (1) 2020 (1) 2021 (Amounts in thousands) (Amounts in thousands) 2012 $ 196,063 $ 188,010 $ 190,376 $ 191,548 $ 192,057 $ 191,804 $ 192,905 $ 192,790 $ 193,002 $ 193,040 $ 98 25 2013 191,903 188,915 188,026 186,795 187,165 188,014 187,147 187,683 187,627 91 23 2014 199,298 202,621 203,218 202,513 204,986 208,003 208,743 209,622 1,156 25 2015 234,800 234,881 233,501 236,855 238,652 239,941 240,927 3,894 24 2016 250,691 259,489 259,497 259,708 260,496 259,984 544 24 2017 309,491 295,163 288,322 289,869 289,295 409 30 2018 311,798 308,361 310,695 305,292 3,873 25 2019 359,643 366,139 361,421 7,765 30 2020 420,257 411,404 15,816 29 2021 510,724 106,771 28 Total $ 2,969,336 __________ (1) The information for the years 2012 to 2020 is presented as unaudited supplemental information. Cumulative Paid Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance (Homeowners Insurance) For the Years Ended December 31, Accident Year 2012 (1) 2013 (1) 2014 (1) 2015 (1) 2016 (1) 2017 (1) 2018 (1) 2019 (1) 2020 (1) 2021 (Amounts in thousands) 2012 $ 128,618 $ 175,029 $ 182,756 $ 188,121 $ 190,373 $ 190,649 $ 191,660 $ 192,362 $ 192,454 $ 192,470 2013 133,528 174,295 180,858 183,860 185,168 186,132 186,494 186,816 187,141 2014 139,615 186,996 194,605 198,758 202,193 203,333 207,524 207,801 2015 163,196 213,994 224,178 230,480 234,683 235,971 236,143 2016 173,537 234,215 245,878 253,919 256,642 258,477 2017 217,900 269,254 278,341 283,311 286,531 2018 213,038 271,534 286,658 294,099 2019 240,240 324,953 340,237 2020 271,208 365,910 2021 316,314 Total $ 2,685,123 All outstanding liabilities before 2012, net of reinsurance 1,916 Loss and allocated loss adjustment expense reserves, net of reinsurance $ 286,129 __________ (1) The information for the years 2012 to 2020 is presented as unaudited supplemental information.
Schedule of Historical Claims Duration	The following is unaudited supplementary information about average historical claims duration as of December 31, 2021. Average Annual Percentage Payout of Incurred Claims by Age, Net of Reinsurance Years 1 2 3 4 5 6 7 8 9 10 Automobile insurance 61.4 % 17.7 % 8.8 % 5.3 % 2.8 % 1.1 % 0.5 % 0.2 % 0.1 % — % Average Annual Percentage Payout of Incurred Claims by Age, Net of Reinsurance Years 1 2 3 4 5 6 7 8 9 10 Homeowners insurance 67.8 % 21.8 % 4.0 % 2.3 % 1.2 % 0.5 % 0.7 % 0.2 % 0.1 % — %
Reconciliation of the Disclosure of Incurred and Paid Claims Development to the Loss and Loss Adjustment Expense Reserves	The reconciliation of the net incurred and paid claims development tables to the liability for claims and claim adjustment expenses in the consolidated balance sheets is as follows: Reconciliation of the Disclosure of Incurred and Paid Claims Development to the Loss and Loss Adjustment Expense Reserves December 31, 2021 (Amounts in thousands) Net outstanding liabilities Automobile insurance $ 1,625,317 Homeowners insurance 286,129 Other short-duration insurance lines 148,389 Loss and loss adjustment expense reserves, net of reinsurance recoverables on unpaid losses 2,059,835 Reinsurance recoverables on unpaid losses Automobile insurance 16,416 Homeowners insurance 23,958 Other short-duration insurance lines 1,005 Total reinsurance recoverables on unpaid losses 41,379 Insurance lines other than short-duration 706 Unallocated claims adjustment expenses 124,510 125,216 Total gross loss and loss adjustment expense reserves $ 2,226,430

Dividends (Tables)

Dividends (Tables)	12 Months Ended
	Dec. 31, 2021
Dividends [Abstract]
Dividends Paid In Total And Per Share	The following table presents shareholder dividends paid: Year Ended December 31, 2021 2020 2019 (Amounts in thousands, except per share data) Total paid $ 140,226 $ 139,640 $ 139,071 Per share paid $ 2.5325 $ 2.5225 $ 2.5125

Statutory Balances and Accoun_2

Statutory Balances and Accounting Practices (Tables)	12 Months Ended
	Dec. 31, 2021
Statutory Balances And Accounting Practices [Abstract]
Schedule Of Statutory Net Income And Capital And Surplus	The following table presents the statutory net income, and statutory capital and surplus of the Insurance Companies, as reported to regulatory authorities: Year Ended December 31, 2021 2020 2019 (Amounts in thousands) Statutory net income (1) $ 200,488 $ 283,928 $ 135,670 Statutory capital and surplus $ 1,827,210 $ 1,768,103 $ 1,539,998 __________ (1) Statutory net income reflects differences from GAAP net income, including changes in the fair value of the investment portfolio as a result of the application of the fair value option.

Share-Based Compensation (Table

Share-Based Compensation (Tables)	12 Months Ended
	Dec. 31, 2021
Share-based Payment Arrangement [Abstract]
Schedule of Cash Proceeds Received from Share-based Payment Awards	The following table presents a summary of cash received, compensation costs recognized and excess tax benefit, related to the Company's share-based awards: Year Ended December 31, 2021 2020 2019 (Amounts in thousands) Cash received from stock option exercises $ 215 $ — $ 701 Compensation cost, all share-based awards 141 142 123 Excess tax benefit, all share-based awards (117) — (7)
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions	The following table provides the assumptions used in the calculation of grant-date fair values of these stock options based on the Black-Scholes option pricing model: Weighted-average grant-date fair value $ 8.09 Expected volatility 33.18 % Risk-free interest rate 2.62 % Expected dividend yield 5.40 % Expected term in months 72
Summary of Stock Option Activity	The following table presents a summary of the stock option activity for the year ended December 31, 2021: Shares Weighted-Average Weighted-Average Aggregate Outstanding at January 1, 2021 67,500 $ 43.01 Exercised (47,500) $ 43.01 Canceled or expired — $ — Outstanding at December 31, 2021 20,000 $ 43.01 6.1 $ 201 Exercisable at December 31, 2021 2,500 $ 43.01 6.1 $ 25
Schedule of Options Authorized under Stock Option Plans, by Exercise Price Range	The following table presents information regarding stock options outstanding at December 31, 2021: Options Outstanding Options Exercisable Exercise Price Number of Weighted-Average Weighted- Number of Weighted- $43.01 20,000 6.1 $ 43.01 2,500 $ 43.01
Summary of Vested And Unvested RSU	The following table presents a summary of RSU awards activity during the years indicated: Year Ended December 31, 2021 2020 2019 Shares Weighted- Shares Weighted- Shares Weighted- Outstanding at January 1 — $ — — $ — 75,250 $ 53.49 Vested — $ — — $ — — $ — Forfeited/Canceled — $ — — $ — (6,000) $ 53.49 Expired — $ — — $ — (69,250) $ 53.49 Outstanding at December 31 — $ — — $ — — $ —

Earnings Per Share (Tables)

Earnings Per Share (Tables)	12 Months Ended
	Dec. 31, 2021
Earnings Per Share Reconciliation [Abstract]
Reconciliation Of Numerators And Denominators Of Basic And Diluted Earnings Per Share	The following table presents a reconciliation of the numerators and denominators of the basic and diluted earnings per share calculations: Year Ended December 31, 2021 2020 2019 Net Income Weighted Average Per-Share Net Income Weighted Average Per-Share Net Income Weighted Average Per-Share (Amounts and numbers in thousands, except per-share data) Basic EPS Net income available to common stockholders $ 247,937 55,368 $ 4.48 $ 374,607 55,358 $ 6.77 $ 320,087 55,351 $ 5.78 Effect of dilutive securities: Options — 6 — — — 9 Diluted EPS Net income available to common stockholders after assumed conversions $ 247,937 55,374 $ 4.48 $ 374,607 55,358 $ 6.77 $ 320,087 55,360 $ 5.78

Segment Information (Tables)

Segment Information (Tables)	12 Months Ended
	Dec. 31, 2021
Segment Reporting [Abstract]
Reconciliation of operating results by reportable segment	The following table presents operating results by reportable segment for the years ended: Year Ended December 31, 2021 2020 2019 Property & Casualty Other Total Property & Casualty Other Total Property & Casualty Other Total (Amounts in millions) Net premiums earned $ 3,712.9 $ 29.0 $ 3,741.9 $ 3,526.8 $ 28.8 $ 3,555.6 $ 3,571.0 $ 28.4 $ 3,599.4 Less: Losses and loss adjustment expenses 2,746.3 13.9 2,760.2 2,381.5 13.8 2,395.3 2,692.7 13.3 2,706.0 Underwriting expenses 902.6 14.1 916.7 899.1 14.6 913.7 857.3 14.1 871.4 Underwriting gain 64.0 1.0 65.0 246.2 0.4 246.6 21.0 1.0 22.0 Investment income 129.7 134.9 141.3 Net realized investment gains 111.7 85.7 222.8 Other income 10.0 8.3 9.0 Interest expense (17.1) (17.0) (17.0) Pre-tax income $ 299.3 $ 458.5 $ 378.1 Net income $ 247.9 $ 374.6 $ 320.1
Schedule direct premiums attributable to segment	The following table presents the Company’s net premiums earned and direct premiums written by line of insurance business for the years ended: Year Ended December 31, 2021 2020 2019 Property & Casualty Other Total Property & Casualty Other Total Property & Casualty Other Total (Amounts in millions) Private passenger automobile $ 2,613.5 $ — $ 2,613.5 $ 2,591.3 $ — $ 2,591.3 $ 2,756.5 $ — $ 2,756.5 Homeowners 698.1 — 698.1 601.3 — 601.3 514.8 — 514.8 Commercial automobile 258.6 — 258.6 225.6 — 225.6 208.7 — 208.7 Other 142.7 29.0 171.7 108.6 28.8 137.4 91.0 28.4 119.4 Net premiums earned $ 3,712.9 $ 29.0 $ 3,741.9 $ 3,526.8 $ 28.8 $ 3,555.6 $ 3,571.0 $ 28.4 $ 3,599.4 Private passenger automobile $ 2,640.7 $ — $ 2,640.7 $ 2,569.0 $ — $ 2,569.0 $ 2,820.5 $ — $ 2,820.5 Homeowners 801.5 — 801.5 678.9 — 678.9 598.5 — 598.5 Commercial automobile 259.9 — 259.9 240.8 — 240.8 217.3 — 217.3 Other 175.4 30.0 205.4 136.3 29.2 165.5 106.3 32.0 138.3 Direct premiums written $ 3,877.5 $ 30.0 $ 3,907.5 $ 3,625.0 $ 29.2 $ 3,654.2 $ 3,742.6 $ 32.0 $ 3,774.6

Summary of Significant Accoun_4

Summary of Significant Accounting Policies (Narrative) (Details)	12 Months Ended
	Dec. 31, 2021USD ($)StateSubsidiary	Dec. 31, 2020USD ($)	Dec. 31, 2019USD ($)	Jan. 01, 2020USD ($)	Dec. 31, 2018USD ($)
Summary Of Significant Accounting Policies [Line Items]
Number of insurance companies | Subsidiary	13
Number of states in which company operates | State	11
Percentage of direct premiums written as private passenger automobile lines of insurance	68.00%
Percentage of private passenger automobile premiums written in California	87.00%	88.00%	88.00%
Percentage by which dividend income on non redeemable preferred stock, partnership, common stock is partially tax-sheltered	50.00%
Insurance companies security deposits	$ 15,000,000	$ 15,000,000
Impairment charges	0	0	$ 0
Goodwill impairment loss	0	0
Premiums written, net	3,860,000,000	3,610,000,000	3,730,000,000
Reduction in premiums written, net		128,000,000
Reinsurance reimbursable amount	$ 25,000,000
Reinsurance retention policy, threshold loss ratio	73.50%
Reinsurance policy, coverage per occurrence after retention limit	$ 792,000,000
Reinsurance policy, retention limit	40,000,000
Ceded premiums	65,017,000	56,212,000	56,725,000
Losses and loss adjustment expenses, ceded	$ (10,000,000)	(28,000,000)	(71,000,000)
Vesting term	4 years
Revenue from contract with customer	$ 20,200,000	18,000,000	16,300,000
Cost of goods and services sold	12,800,000	11,800,000	10,500,000
Commission income receivable	1,400,000	1,200,000
Refund liability	900,000	900,000
Capitalized contract cost, net	2,800,000	4,800,000
Capitalized contract cost, accumulated amortization	(6,000,000)	(2,100,000)
Capitalized contract cost, amortization	3,900,000	1,800,000	300,000
Ending retained earnings	$ 2,140,281,000	2,032,597,000	1,799,502,000
Building [Member] | Maximum
Summary Of Significant Accounting Policies [Line Items]
Useful life, in years	40 years
Furniture Equipment And Purchase Software [Member] | Minimum
Summary Of Significant Accounting Policies [Line Items]
Useful life, in years	3 years
Furniture Equipment And Purchase Software [Member] | Maximum
Summary Of Significant Accounting Policies [Line Items]
Useful life, in years	7 years
Software [Member]
Summary Of Significant Accounting Policies [Line Items]
Useful life, in years	7 years
Retained Earnings [Member]
Summary Of Significant Accounting Policies [Line Items]
Ending retained earnings	$ 2,041,338,000	1,933,627,000	1,700,674,000		$ 1,519,658,000
Retained Earnings [Member] | Cumulative Effect, Period of Adoption, Adjustment
Summary Of Significant Accounting Policies [Line Items]
Ending retained earnings		$ 0	$ (2,014,000)		$ 0
Retained Earnings [Member] | Cumulative Effect, Period of Adoption, Adjustment | Accounting Standards Update 2016-13 [Member]
Summary Of Significant Accounting Policies [Line Items]
Ending retained earnings				$ 2,000,000

Summary of Significant Accoun_5

Summary of Significant Accounting Policies - Summary of Deferred Policy Acquisition Cost Amortization and Net Advertising Expense (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Accounting Policies [Abstract]
Deferred policy acquisition cost amortization	$ 633,385	$ 627,788	$ 602,085
Net advertising expense	$ 50,100	$ 37,700	$ 42,200

Summary of Significant Accoun_6

Summary of Significant Accounting Policies - Effects of Reinsurance (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Premiums Written
Direct	$ 3,907,500	$ 3,654,200	$ 3,774,600
Net	3,860,000	3,610,000	3,730,000
Premiums Earned
Direct	3,793,664	3,603,780	3,655,233
Ceded	(65,017)	(56,212)	(56,725)
Assumed	13,301	8,067	910
Net	3,741,948	3,555,635	3,599,418
Property & Casualty
Premiums Written
Direct	3,877,476	3,624,965	3,742,627
Ceded	(65,521)	(50,630)	(43,785)
Assumed	13,361	8,012	919
Net	3,825,316	3,582,347	3,699,761
Premiums Earned
Direct	3,764,626	3,574,898	3,626,857
Ceded	(65,017)	(56,212)	(56,725)
Assumed	13,301	8,067	910
Net	$ 3,712,910	$ 3,526,753	$ 3,571,042

Summary of Significant Accoun_7

Summary of Significant Accounting Policies - Allowance for Credit Losses on Premium Receivables (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Beginning balance	$ 10,000	$ 1,445	$ 1,458
Provision during the period for expected credit losses	(893)	10,294	6,162
Write-off amounts during the period	(3,693)	(4,406)	(7,000)
Recoveries during the period of amounts previously written off	586	812	825
Ending balance	6,000	10,000	1,445
Cumulative Effect, Period of Adoption, Adjustment
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Beginning balance	0	1,855	0
Ending balance		0	1,855
Cumulative Effect, Period of Adoption, Adjusted Balance
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Beginning balance	$ 10,000	3,300	1,458
Ending balance		$ 10,000	$ 3,300

Summary of Significant Accoun_8

Summary of Significant Accounting Policies - Allowance for Credit Losses on Reinsurance Recoverables (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Beginning balance	$ 91	$ 0	$ 0
Provision during the period for expected credit losses	(91)	(68)	0
Write-off amounts during the period	0	0	0
Recoveries during the period of amounts previously written off	0	0	0
Ending balance	0	91	0
Cumulative Effect, Period of Adoption, Adjustment
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Beginning balance	0	159	0
Ending balance		0	159
Cumulative Effect, Period of Adoption, Adjusted Balance
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Beginning balance	$ 91	159	0
Ending balance		$ 91	$ 159

Financial Instruments (Estimate

Financial Instruments (Estimated Fair Values Of Financial Instruments) (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Fair Value, Measurements, Recurring [Member]
Liabilities
Options sold	$ 301
Call Option | Fair Value, Measurements, Recurring [Member]
Liabilities
Options sold	301	$ 0
Investments
Assets
Assets	5,142,589	4,729,270
Note receivable
Assets
Assets	0	5,725
Notes payable | Unsecured Debt
Liabilities
Notes payable		415,253
Notes payable | Unsecured Debt | Fair Value, Measurements, Recurring [Member]
Liabilities
Notes payable	$ 413,378	$ 415,253

Financial Instruments (Narrativ

Financial Instruments (Narrative) (Details)	1 Months Ended
	Aug. 31, 2017USD ($)a	Dec. 31, 2021USD ($)	Dec. 31, 2020USD ($)
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Number of acres | a	6
Proceeds from sale of property	$ 12,200,000
Promissory note received in sale of land	$ 5,700,000
Interest rate on promissory note	3.50%
Unsecured Debt
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Debt instrument, face amount		$ 375,000,000	$ 375,000,000

Investments (Gains And Losses D

Investments (Gains And Losses Due To Changes In Fair Value Of Investments) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Fixed maturity securities
Schedule of Fair Value of Separate Accounts by Major Category of Investment [Line Items]
Total gains	$ (39,649)	$ 41,394	$ 104,379
Equity securities
Schedule of Fair Value of Separate Accounts by Major Category of Investment [Line Items]
Total gains	107,701	32,232	90,920
Short-term investments
Schedule of Fair Value of Separate Accounts by Major Category of Investment [Line Items]
Total gains	(141)	(1,014)	1,295
Investments
Schedule of Fair Value of Separate Accounts by Major Category of Investment [Line Items]
Total gains	$ 67,911	$ 72,612	$ 196,594

Investments (Gross Gains And Lo

Investments (Gross Gains And Losses Realized On Sales Of Investments) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Investments [Abstract]
Fixed maturity securities, Realized Gain	$ 2,306	$ 1,884	$ 2,413
Fixed maturity securities, Realized Loss	(6,690)	(4,296)	(1,066)
Fixed maturity securities, Realized Gain (Loss)	(4,384)	(2,412)	1,347
Equity securities, Realized Gain	64,061	75,591	47,411
Equity securities, Realized Loss	(18,826)	(80,134)	(28,089)
Equity securities, Realized Gain (Loss)	45,235	(4,543)	19,322
Short-term investments, Realized Gain	236	146	177
Short-term investments, Gross Realized Losses	(381)	(2,438)	(2,133)
Short-term investments, Realized Gain (Loss)	$ (145)	$ (2,292)	$ (1,956)

Investments (Estimated Fair Val

Investments (Estimated Fair Value Of Investments) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Fixed maturity securities:
Due in one year or less	$ 403,269
Due after one year through five years	791,879
Due after five years through ten years	806,813
Due after ten years	2,029,562
Total	$ 4,031,523	$ 3,549,810
External credit rating, non investment grade [Member]
Credit Derivatives [Line Items]
Percentage of fixed maturities	0.40%

Investments (Investment Income)

Investments (Investment Income) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Investments [Line Items]
Total investment income	$ 136,124	$ 140,586	$ 146,868
Less: Investment expense	(6,397)	(5,728)	(5,605)
Net investment income	129,727	134,858	141,263
Fixed maturity securities
Investments [Line Items]
Total investment income	100,001	100,166	102,254
Equity securities
Investments [Line Items]
Total investment income	35,064	37,598	32,233
Short-term investments
Investments [Line Items]
Total investment income	$ 1,059	$ 2,822	$ 12,381

Fair Value Measurements (Narrat

Fair Value Measurements (Narrative) (Details)	12 Months Ended
	Dec. 31, 2021USD ($)	Dec. 31, 2020USD ($)broker
Fair Value Measurement [Line Items]
Percentage of portfolio of unadjusted fair values obtained	97.90%
Number of knowledgeable outside security brokers consulted to determine fair value | broker		1
Three Private Equity Funds using NAV	$ 107,700,000
One Private Equity Fund using NAV	700,000
Fair Value, Assets, Level 1 to Level 2 to Level 3 Transfers, Amount	0	$ 0
Unsecured Debt
Fair Value Measurement [Line Items]
Debt instrument, face amount	$ 375,000,000	375,000,000
Minimum
Fair Value Measurement [Line Items]
Liquidating investment, remaining period	1 year
Maximum
Fair Value Measurement [Line Items]
Liquidating investment, remaining period	9 years
Private Equity Funds
Fair Value Measurement [Line Items]
Unfunded commitments	$ 32,000,000
Level 2 | Commercial Mortgage Backed Securities
Fair Value Measurement [Line Items]
Holings in mortgage backed securities	$ 25,200,000	$ 17,600,000

Fair Value Measurements (Schedu

Fair Value Measurements (Schedule Of Assets And Liabilities Measured At Fair Value On A Recurring Basis Valuation Techniques) (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fixed maturity securities	$ 4,031,523	$ 3,549,810
Equity securities	970,939	803,851
Fair Value, Measurements, Recurring [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fixed maturity securities	4,031,523	3,549,810
Equity securities	970,939	803,851
Short-term investments	140,127	375,609
Note receivable		5,725
Total assets at fair value	5,142,589	4,734,995
Liabilities fair value	301
Fair Value, Measurements, Recurring [Member] | U.S. government bonds
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fixed maturity securities	13,085	13,816
Fair Value, Measurements, Recurring [Member] | Municipal securities
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fixed maturity securities	2,843,221	2,791,212
Fair Value, Measurements, Recurring [Member] | Mortgage-backed securities
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fixed maturity securities	137,002	93,264
Fair Value, Measurements, Recurring [Member] | Corporate securities
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fixed maturity securities	523,853	241,366
Fair Value, Measurements, Recurring [Member] | Collateralized loan obligations
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fixed maturity securities	314,153	256,891
Fair Value, Measurements, Recurring [Member] | Other asset-backed securities
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fixed maturity securities	200,209	153,261
Fair Value, Measurements, Recurring [Member] | Common stock
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Equity securities	797,024	691,782
Fair Value, Measurements, Recurring [Member] | Non-redeemable preferred stock
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Equity securities	65,501	32,660
Fair Value, Measurements, Recurring [Member] | Private Equity Funds Net Asset Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Equity securities	108,414	79,409
Fair Value, Measurements, Recurring [Member] | Short-term bonds
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Short-term investments	17,201	26,928
Fair Value, Measurements, Recurring [Member] | Money market instruments
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Short-term investments	122,917	348,676
Fair Value, Measurements, Recurring [Member] | Other
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Short-term investments	9	5
Fair Value, Measurements, Recurring [Member] | Options sold
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative liabilitly	301
Fair Value, Measurements, Recurring [Member] | Level 1
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fixed maturity securities	13,085	13,816
Equity securities	797,024	691,782
Short-term investments	124,379	370,680
Note receivable		0
Total assets at fair value	934,488	1,076,278
Liabilities fair value	301
Fair Value, Measurements, Recurring [Member] | Level 1 | U.S. government bonds
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fixed maturity securities	13,085	13,816
Fair Value, Measurements, Recurring [Member] | Level 1 | Municipal securities
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fixed maturity securities	0	0
Fair Value, Measurements, Recurring [Member] | Level 1 | Mortgage-backed securities
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fixed maturity securities	0	0
Fair Value, Measurements, Recurring [Member] | Level 1 | Corporate securities
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fixed maturity securities	0	0
Fair Value, Measurements, Recurring [Member] | Level 1 | Collateralized loan obligations
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fixed maturity securities	0	0
Fair Value, Measurements, Recurring [Member] | Level 1 | Other asset-backed securities
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fixed maturity securities	0	0
Fair Value, Measurements, Recurring [Member] | Level 1 | Common stock
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Equity securities	797,024	691,782
Fair Value, Measurements, Recurring [Member] | Level 1 | Non-redeemable preferred stock
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Equity securities	0	0
Fair Value, Measurements, Recurring [Member] | Level 1 | Short-term bonds
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Short-term investments	1,453	21,999
Fair Value, Measurements, Recurring [Member] | Level 1 | Money market instruments
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Short-term investments	122,917	348,676
Fair Value, Measurements, Recurring [Member] | Level 1 | Other
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Short-term investments	9	5
Fair Value, Measurements, Recurring [Member] | Level 1 | Options sold
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative liabilitly	301
Fair Value, Measurements, Recurring [Member] | Level 2
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fixed maturity securities	4,018,438	3,535,994
Equity securities	65,501	32,660
Short-term investments	15,748	4,929
Note receivable		5,725
Total assets at fair value	4,099,687	3,579,308
Liabilities fair value	0
Fair Value, Measurements, Recurring [Member] | Level 2 | U.S. government bonds
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fixed maturity securities	0	0
Fair Value, Measurements, Recurring [Member] | Level 2 | Municipal securities
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fixed maturity securities	2,843,221	2,791,212
Fair Value, Measurements, Recurring [Member] | Level 2 | Mortgage-backed securities
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fixed maturity securities	137,002	93,264
Fair Value, Measurements, Recurring [Member] | Level 2 | Corporate securities
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fixed maturity securities	523,853	241,366
Fair Value, Measurements, Recurring [Member] | Level 2 | Collateralized loan obligations
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fixed maturity securities	314,153	256,891
Fair Value, Measurements, Recurring [Member] | Level 2 | Other asset-backed securities
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fixed maturity securities	200,209	153,261
Fair Value, Measurements, Recurring [Member] | Level 2 | Common stock
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Equity securities	0	0
Fair Value, Measurements, Recurring [Member] | Level 2 | Non-redeemable preferred stock
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Equity securities	65,501	32,660
Fair Value, Measurements, Recurring [Member] | Level 2 | Short-term bonds
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Short-term investments	15,748	4,929
Fair Value, Measurements, Recurring [Member] | Level 2 | Money market instruments
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Short-term investments	0	0
Fair Value, Measurements, Recurring [Member] | Level 2 | Other
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Short-term investments	0	0
Fair Value, Measurements, Recurring [Member] | Level 2 | Options sold
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative liabilitly	0
Fair Value, Measurements, Recurring [Member] | Level 3
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fixed maturity securities	0	0
Equity securities	0	0
Short-term investments	0	0
Note receivable		0
Total assets at fair value	0	0
Liabilities fair value	0
Fair Value, Measurements, Recurring [Member] | Level 3 | U.S. government bonds
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fixed maturity securities	0	0
Fair Value, Measurements, Recurring [Member] | Level 3 | Municipal securities
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fixed maturity securities	0	0
Fair Value, Measurements, Recurring [Member] | Level 3 | Mortgage-backed securities
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fixed maturity securities	0	0
Fair Value, Measurements, Recurring [Member] | Level 3 | Corporate securities
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fixed maturity securities	0	0
Fair Value, Measurements, Recurring [Member] | Level 3 | Collateralized loan obligations
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fixed maturity securities	0	0
Fair Value, Measurements, Recurring [Member] | Level 3 | Other asset-backed securities
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fixed maturity securities	0	0
Fair Value, Measurements, Recurring [Member] | Level 3 | Common stock
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Equity securities	0	0
Fair Value, Measurements, Recurring [Member] | Level 3 | Non-redeemable preferred stock
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Equity securities	0	0
Fair Value, Measurements, Recurring [Member] | Level 3 | Short-term bonds
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Short-term investments	0	0
Fair Value, Measurements, Recurring [Member] | Level 3 | Money market instruments
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Short-term investments	0	0
Fair Value, Measurements, Recurring [Member] | Level 3 | Other
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Short-term investments	0	$ 0
Fair Value, Measurements, Recurring [Member] | Level 3 | Options sold
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative liabilitly	$ 0

Fair Value Measurements (Summar

Fair Value Measurements (Summary Of Changes In Fair Value Of Level 3 Financial Assets And Financial Liabilities Held At Fair Value) (Details) - Private Equity Funds - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning Balance	$ 0	$ 1,203
Net realized losses included in earnings	0	(1)
Settlements	0	0
Transfer out	0	(1,202)
Ending Balance	0	0
The amount of total gains or losses for the period included in earnings attributable to assets still held at December 31	$ 0	$ 0

Fair Value Measurements (Summ_2

Fair Value Measurements (Summary of Carrying Value and Fair Value of the Company's Financial Instruments Disclosed but not Carried at Fair Value (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Carrying Value	$ 372,931	$ 372,532
Notes payable | Unsecured Debt
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Carrying Value	372,931	372,532
Fair Value		415,253
Notes payable | Unsecured Debt | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	0	0
Notes payable | Unsecured Debt | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	413,378	415,253
Notes payable | Unsecured Debt | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	$ 0	$ 0

Fixed Assets (Details)

Fixed Assets (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Property, Plant and Equipment [Line Items]
Fixed assets, gross	$ 500,329	$ 464,946
Less: accumulated depreciation and amortization	(308,997)	(286,023)
Fixed assets, net	191,332	178,923
Depreciation expense	32,500	28,000	$ 23,200
Land
Property, Plant and Equipment [Line Items]
Fixed assets, gross	18,152	18,152
Buildings and improvements
Property, Plant and Equipment [Line Items]
Fixed assets, gross	142,181	139,274
Furniture and equipment
Property, Plant and Equipment [Line Items]
Fixed assets, gross	48,507	46,450
Capitalized software
Property, Plant and Equipment [Line Items]
Fixed assets, gross	284,912	254,066
Leasehold improvements
Property, Plant and Equipment [Line Items]
Fixed assets, gross	$ 6,577	$ 7,004

Deferred Policy Acquisition C_3

Deferred Policy Acquisition Costs (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Movement Analysis of Deferred Policy Acquisition Costs [Roll Forward]
Balance, beginning of year	$ 246,994	$ 233,166	$ 215,131
Policy acquisition costs deferred	644,650	641,616	620,120
Amortization	(633,385)	(627,788)	(602,085)
Balance, end of year	$ 258,259	$ 246,994	$ 233,166

Notes Payable (Schedule of Long

Notes Payable (Schedule of Long-term Debt) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Mar. 08, 2017
Debt Instrument [Line Items]
Total principal amount	$ 375,000	$ 375,000
Unamortized discount and debt issuance costs	2,069	2,468
Total	372,931	372,532
Unsecured Debt | Unsecured Notes One
Debt Instrument [Line Items]
Interest rate, stated percentage			4.40%
Notes payable | Unsecured Debt
Debt Instrument [Line Items]
Total	372,931	372,532
Notes payable | Unsecured Debt | Unsecured Notes One
Debt Instrument [Line Items]
Unsecured debt	$ 375,000	375,000	$ 375,000
Interest rate, stated percentage	4.40%
Notes payable | Unsecured Debt | Unsecured Notes Two
Debt Instrument [Line Items]
Unsecured debt	$ 0	$ 0
Notes payable | Unsecured Debt | Unsecured Notes Two | Minimum | LIBOR
Debt Instrument [Line Items]
Basis spread on variable rate	1.125%
Notes payable | Unsecured Debt | Unsecured Notes Two | Maximum | LIBOR
Debt Instrument [Line Items]
Basis spread on variable rate	1.50%

Notes Payable (Narrative) (Deta

Notes Payable (Narrative) (Details) $ in Thousands	Mar. 08, 2017USD ($)	Dec. 31, 2021USD ($)	Mar. 31, 2021USD ($)	Dec. 31, 2020USD ($)	Mar. 29, 2017USD ($)
Debt Instrument [Line Items]
Unamortized discount and debt issuance costs		$ 2,069		$ 2,468
Revolving Credit Facility
Debt Instrument [Line Items]
Repayments of debt	$ 320,000
Unsecured Notes Two | Revolving Credit Facility
Debt Instrument [Line Items]
Loan maximum borrowing capacity			$ 75,000		$ 50,000
Unamortized debt issuance cost		$ 200
Unsecured Notes Two | Revolving Credit Facility | Minimum
Debt Instrument [Line Items]
Commitment fee on undrawn portion of facility		0.125%
Unsecured Notes Two | Revolving Credit Facility | Maximum
Debt Instrument [Line Items]
Debt to total capital ratio		0.149
Commitment fee on undrawn portion of facility		0.225%
Unsecured Notes Two | Revolving Credit Facility | LIBOR | Minimum
Debt Instrument [Line Items]
Debt to total capital ratio			0.30
Unsecured Notes Two | Revolving Credit Facility | LIBOR | Maximum
Debt Instrument [Line Items]
Debt to total capital ratio			0.20
Unsecured Debt | Unsecured Notes One
Debt Instrument [Line Items]
Interest rate, stated percentage	4.40%
Debt issuance costs	$ 3,400
Discount percent	99.847%
Interest rate, effective percentage	4.45%
Unsecured Debt | Unsecured Notes One | Notes payable
Debt Instrument [Line Items]
Unsecured debt	$ 375,000	$ 375,000		375,000
Interest rate, stated percentage		4.40%
Unsecured Debt | Unsecured Notes Two | Notes payable
Debt Instrument [Line Items]
Unsecured debt		$ 0		$ 0
Unsecured Debt | Unsecured Notes Two | LIBOR | Minimum | Notes payable
Debt Instrument [Line Items]
Basis spread on variable rate		1.125%
Unsecured Debt | Unsecured Notes Two | LIBOR | Maximum | Notes payable
Debt Instrument [Line Items]
Basis spread on variable rate		1.50%

Notes Payable (Schedule of Matu

Notes Payable (Schedule of Maturities of Debt) (Details) $ in Thousands	Dec. 31, 2021USD ($)
Notes Payable [Abstract]
2022	$ 0
2023	0
2024	0
2025	0
2026	0
Thereafter	375,000
Total	$ 375,000

Leases (Narrative) (Details)

Leases (Narrative) (Details) $ in Millions	Dec. 31, 2021USD ($)
Lessee, Lease, Description [Line Items]
Lessee, operating lease, lease not yet commenced, amount	$ 6
Minimum
Lessee, Lease, Description [Line Items]
Lessee, operating lease, remaining lease term	1 year
Lessee, operating lease, lease not yet commenced, term of contract	4 years
Maximum
Lessee, Lease, Description [Line Items]
Lessee, operating lease, remaining lease term	6 years
Lessee, operating lease, lease not yet commenced, term of contract	5 years

Leases (Lease Cost) (Details)

Leases (Lease Cost) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Leases [Abstract]
Operating lease cost	$ 15,846	$ 15,814	$ 15,146
Finance lease cost, amortization of assets	719	338	0
Finance lease cost, interest on lease liabilities	25	13	0
Variable lease cost	1,500	1,697	2,196
Sublease Income	(11)	0	0
Net lease cost	$ 18,079	$ 17,862	$ 17,342

Leases (Supplemental Balance Sh

Leases (Supplemental Balance Sheet Information) (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Leases [Abstract]
Operating lease assets	$ 31,967	$ 40,554
Operating lease liabilities	34,577	43,825
Finance lease assets	3,503	3,107
Finance lease liabilities	$ 3,126	$ 2,836
Finance Lease, Right-of-Use Asset, Statement of Financial Position [Extensible Enumeration]	Other assets	Other assets
Finance Lease, Liability, Statement of Financial Position [Extensible Enumeration]	Other liabilities	Other liabilities

Leases (Weighted Average Lease

Leases (Weighted Average Lease Term and Discount Rate) (Details)	Dec. 31, 2021	Dec. 31, 2020
Leases [Abstract]
Operating lease, weighted average remaining lease term	3 years 2 months 12 days	3 years 9 months 18 days
Financing lease, weighted average remaining lease term	4 years 2 months 12 days	5 years 1 month 6 days
Operating leases, weighted-average discount rate	2.78%	2.82%
Finance leases, weighted-average discount rate	0.97%	0.82%

Leases (Supplemental Cash Flow

Leases (Supplemental Cash Flow Information) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Leases [Abstract]
Operating cash flows from operating leases	$ 16,158	$ 15,539	$ 14,289
Operating cash flows from finance leases	25	13	0
Financing cash flows from finance leases	825	609	0
ROU assets obtained in exchange for lease liabilities, operating leases	4,904	8,673	15,372
ROU assets obtained in exchange for lease liabilities, finance leases	$ 1,115	$ 3,047	$ 0

Leases (Maturities of Operating

Leases (Maturities of Operating Lease Liabilities) (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Operating Leases
2022	$ 14,846
2023	9,795
2024	5,615
2025	3,161
2026	1,794
2027 and thereafter	1,190
Total lease payments	36,401
Less: Imputed interest	1,824
Total lease obligations	34,577	$ 43,825
Finance Leases
2022	850
2023	850
2024	850
2025	627
2026	0
2027 and thereafter	0
Total lease payments	3,177
Less: Imputed interest	51
Total lease obligations	$ 3,126	$ 2,836

Derivative Financial Instrume_3

Derivative Financial Instruments (Narrative) (Details) - Swap - FFL - USD ($) $ in Millions	Feb. 13, 2014	Dec. 31, 2018	Jul. 31, 2018	Jan. 31, 2018
Derivative [Line Items]
Term of swap agreement	1 year
Derivative, notional amount		$ 100
LIBOR
Derivative [Line Items]
Basis spread on variable rate	1.28%		1.05%	1.20%

Derivative Financial Instrume_4

Derivative Financial Instruments (Summary Of Location And Amounts Of Derivative Fair Values In The Consolidated Balance Sheets) (Details) - Not Designated as Hedging Instrument - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Derivative [Line Items]
Liability Derivatives	$ 301	$ 0
Options sold | Other liabilities
Derivative [Line Items]
Liability Derivatives	$ 301	$ 0

Derivative Financial Instrume_5

Derivative Financial Instruments (Schedule Of Derivative Gains And Losses In The Consolidated Statements Of Operations) (Details) - Not Designated as Hedging Instrument - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Derivative [Line Items]
Gains Recognized in Income	$ 3,045	$ 22,306	$ 7,378
Total Return Swap | Net realized investment gains
Derivative [Line Items]
Gains Recognized in Income	0	0	1,039
Options sold | Net realized investment gains
Derivative [Line Items]
Gains Recognized in Income	$ 3,045	$ 22,306	$ 6,339

Goodwill and Other Intangible_3

Goodwill and Other Intangible Assets (Narrative) (Details) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Goodwill and Intangible Assets Disclosure [Abstract]
Change in goodwill	$ 0	$ 0
Goodwill impairment loss	0	0
Intangible assets amortization expense	$ 1,100,000	$ 1,000,000	$ 5,100,000

Goodwill and Other Intangible_4

Goodwill and Other Intangible Assets (Schedule Of Components Of Other Intangible Assets) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 75,962	$ 75,962
Accumulated Amortization	(65,707)	(64,640)
Net Carrying Amount	10,255	11,322
Insurance license
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	1,400	1,400
Net Carrying Amount	1,400	1,400
Customer relationships
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	54,862	54,862
Accumulated Amortization	(53,065)	(52,640)
Net Carrying Amount	$ 1,797	$ 2,222
Useful Lives (in years)	11 years	11 years
Trade names
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 15,400	$ 15,400
Accumulated Amortization	(8,342)	(7,700)
Net Carrying Amount	$ 7,058	$ 7,700
Useful Lives (in years)	24 years	24 years
Technology
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 4,300	$ 4,300
Accumulated Amortization	(4,300)	(4,300)
Net Carrying Amount	$ 0	$ 0
Useful Lives (in years)	10 years	10 years

Goodwill and Other Intangible_5

Goodwill and Other Intangible Assets (Schedule Of Estimated Future Amortization Expense Related To Intangible Assets) (Details) $ in Thousands	Dec. 31, 2021USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
2022	$ 1,043
2023	879
2024	851
2025	807
2026	807
Thereafter	4,468
Net Carrying Amount	$ 8,855

Income Taxes (Narrative) (Detai

Income Taxes (Narrative) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Components of Income Tax Expense (Benefit), Continuing Operations [Abstract]
Deferred tax liability adjustment due to tax act	$ 4.4	$ 5.6		$ 8.6
Increase (decrease) in unrecognized tax benefits	(0.3)
Unrecognized tax benefits that would impact effective tax rate	6.2
Interest and penalty expense, excluding refunds	0.3	0.2	$ (0.1)
Accrued interest and penalty	$ 3.3	$ 3.1

Income Taxes (Components Of Inc

Income Taxes (Components Of Income Tax Expense) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Federal
Current	$ 37,391	$ 69,554	$ 18,109
Deferred	11,349	12,340	40,413
Total	48,740	81,894	58,522
State
Current	1,542	1,172	(1,430)
Deferred	1,088	828	890
Total	2,630	2,000	(540)
Current	38,933	70,726	16,679
Deferred	12,437	13,168	41,303
Income tax expense	$ 51,370	$ 83,894	$ 57,982

Income Taxes (Reconciliation Of

Income Taxes (Reconciliation Of Income Taxes) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Components of Income Tax Expense (Benefit), Continuing Operations [Abstract]
Computed tax expense at 21%	$ 62,854	$ 96,285	$ 79,394
Tax-exempt interest income	(11,577)	(12,270)	(12,909)
Dividends received deduction	(1,311)	(1,335)	(1,276)
State tax expense (benefit)	2,134	1,678	(869)
Nondeductible expenses	843	983	526
Change in federal tax contingency reserve	0	0	(2,588)
Other, net	(1,573)	(1,447)	(4,296)
Income tax expense	$ 51,370	$ 83,894	$ 57,982

Income Taxes (Deferred Tax Asse

Income Taxes (Deferred Tax Assets And Liabilities) (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Deferred tax assets:
20% of net unearned premiums	$ 65,978	$ 61,067
Discounting of loss reserves and salvage and subrogation recoverable for tax purposes	18,163	15,090
Write-down of impaired investments	168	293
Expense accruals	12,997	14,432
Other deferred tax assets	5,886	6,401
Total gross deferred tax assets	103,192	97,283
Deferred tax liabilities:
Deferred policy acquisition costs	(54,234)	(51,869)
Tax liability on net unrealized gain on securities carried at fair value	(70,808)	(56,531)
Tax depreciation in excess of book depreciation	(10,129)	(12,632)
Undistributed earnings of insurance subsidiaries	(3,557)	(3,382)
Tax amortization in excess of book amortization	(6,064)	(4,666)
Other deferred tax liabilities	(11,969)	(9,335)
Total gross deferred tax liabilities	(156,761)	(138,415)
Net deferred tax liabilities	$ (53,569)	$ (41,132)

Income Taxes (Summary Of Unreco

Income Taxes (Summary Of Unrecognized Tax Benefits) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Reconciliation of Unrecognized Tax Benefits [Roll Forward]
Balance at January 1	$ 4,634	$ 6,051
Additions based on tax positions related to the current year	0	0
Decreases based on tax positions related to prior years	(254)	(1,417)
Balance at December 31	$ 4,380	$ 4,634

Loss And Loss Adjustment Expe_3

Loss And Loss Adjustment Expense Reserves (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2019	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Unusual or Infrequent Item, or Both [Line Items]
Prior years		$ (26,091)	$ 22,979	$ 9,794
Prior year claims and claim adjustment expense payments		909,949	937,143	857,872
Catastrophe
Unusual or Infrequent Item, or Both [Line Items]
Prior years		(26,100)	23,000	9,800
Pre-tax catastrophe losses, net of reinsurance benefits		104,000	64,000	53,000
Pre-tax catastrophe losses		109,000	69,000	57,000
Prior year claims and claim adjustment expense payments		$ 5,000	$ 5,000	$ 4,000
Fire
Unusual or Infrequent Item, or Both [Line Items]
Loss from catastrophes	$ 208,000
Loss from catastrophes, net of reinsurance benefits	40,000
Salvage and subrogation recoveries, value	$ 10,000

Loss And Loss Adjustment Expe_4

Loss And Loss Adjustment Expense Reserves (Activity In The Reserves For Losses And Loss Adjustment Expenses) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Liability for Unpaid Claims and Claims Adjustment Expense [Roll Forward]
Gross reserves at January 1	$ 1,991,304	$ 1,921,255	$ 1,829,412
Reissuance recoverables on unpaid losses, beginning of period	54,461	76,100	180,859
Net reserves at January 1	1,936,843	1,845,155	1,648,553
Incurred losses and loss adjustment expenses related to:
Current year	2,786,246	2,372,364	2,696,230
Prior years	(26,091)	22,979	9,794
Total incurred losses and loss adjustment expenses	2,760,155	2,395,343	2,706,024
Loss and loss adjustment expense payments related to:
Current year	1,601,998	1,366,661	1,651,550
Prior years	909,949	937,143	857,872
Total payments	2,511,947	2,303,804	2,509,422
Net reserves at December 31	2,185,051	1,936,843	1,845,155
Reissuance recoverables on unpaid losses, end of period	41,379	54,461	76,100
Gross reserves at December 31	2,226,430	1,991,304	1,921,255
Cumulative Effect, Period of Adoption, Adjustment
Liability for Unpaid Claims and Claims Adjustment Expense [Roll Forward]
Reissuance recoverables on unpaid losses, beginning of period	0	(149)	0
Loss and loss adjustment expense payments related to:
Reissuance recoverables on unpaid losses, end of period		0	(149)
Cumulative Effect, Period of Adoption, Adjusted Balance
Liability for Unpaid Claims and Claims Adjustment Expense [Roll Forward]
Reissuance recoverables on unpaid losses, beginning of period	$ 54,461	75,951	180,859
Net reserves at January 1		1,845,304
Loss and loss adjustment expense payments related to:
Net reserves at December 31			1,845,304
Reissuance recoverables on unpaid losses, end of period		$ 54,461	$ 75,951

Loss And Loss Adjustment Expe_5

Loss And Loss Adjustment Expense Reserves - Incurred and Paid Claims (Details) number_of_claims in Thousands, $ in Thousands	Dec. 31, 2021USD ($)number_of_claims	Dec. 31, 2020USD ($)	Dec. 31, 2019USD ($)	Dec. 31, 2018USD ($)	Dec. 31, 2017USD ($)	Dec. 31, 2016USD ($)	Dec. 31, 2015USD ($)	Dec. 31, 2014USD ($)	Dec. 31, 2013USD ($)	Dec. 31, 2012USD ($)
Claims Development [Line Items]
Net outstanding liabilities	$ 2,059,835
Property insurance product line, automobile
Claims Development [Line Items]
Incurred Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance	16,579,484
Cumulative Paid Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance	14,952,786
All outstanding liabilities before 2012, net of reinsurance	(1,381)
Net outstanding liabilities	1,625,317
Property insurance product line, homeowners'
Claims Development [Line Items]
Incurred Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance	2,969,336
Cumulative Paid Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance	2,685,123
All outstanding liabilities before 2012, net of reinsurance	1,916
Net outstanding liabilities	286,129
2012 | Property insurance product line, automobile
Claims Development [Line Items]
Incurred Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance	1,441,332	$ 1,440,537	$ 1,439,660	$ 1,438,250	$ 1,436,034	$ 1,426,735	$ 1,414,878	$ 1,409,104	$ 1,408,222	$ 1,424,754
Total of Incurred But Not Reported Liabilities Plus Expected Development on Reported Claims	$ 52
Cumulative Number of Reported Claims | number_of_claims	181
Cumulative Paid Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance	$ 1,441,027	1,440,482	1,438,686	1,434,956	1,422,705	1,409,911	1,372,828	1,304,511	1,194,648	955,647
2012 | Property insurance product line, homeowners'
Claims Development [Line Items]
Incurred Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance	193,040	193,002	192,790	192,905	191,804	192,057	191,548	190,376	188,010	196,063
Total of Incurred But Not Reported Liabilities Plus Expected Development on Reported Claims	$ 98
Cumulative Number of Reported Claims | number_of_claims	25
Cumulative Paid Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance	$ 192,470	192,454	192,362	191,660	190,649	190,373	188,121	182,756	175,029	$ 128,618
2013 | Property insurance product line, automobile
Claims Development [Line Items]
Incurred Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance	1,468,679	1,468,747	1,468,237	1,468,294	1,464,071	1,458,421	1,447,881	1,431,058	1,448,567
Total of Incurred But Not Reported Liabilities Plus Expected Development on Reported Claims	$ 632
Cumulative Number of Reported Claims | number_of_claims	185
Cumulative Paid Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance	$ 1,467,332	1,466,356	1,464,277	1,460,352	1,447,004	1,413,999	1,340,724	1,217,906	974,445
2013 | Property insurance product line, homeowners'
Claims Development [Line Items]
Incurred Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance	187,627	187,683	187,147	188,014	187,165	186,795	188,026	188,915	191,903
Total of Incurred But Not Reported Liabilities Plus Expected Development on Reported Claims	$ 91
Cumulative Number of Reported Claims | number_of_claims	23
Cumulative Paid Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance	$ 187,141	186,816	186,494	186,132	185,168	183,860	180,858	174,295	$ 133,528
2014 | Property insurance product line, automobile
Claims Development [Line Items]
Incurred Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance	1,501,850	1,501,713	1,501,075	1,498,504	1,486,322	1,473,545	1,454,366	1,467,175
Total of Incurred But Not Reported Liabilities Plus Expected Development on Reported Claims	$ 225
Cumulative Number of Reported Claims | number_of_claims	180
Cumulative Paid Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance	$ 1,500,243	1,496,814	1,490,366	1,476,944	1,432,472	1,358,472	1,231,413	967,481
2014 | Property insurance product line, homeowners'
Claims Development [Line Items]
Incurred Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance	209,622	208,743	208,003	204,986	202,513	203,218	202,621	199,298
Total of Incurred But Not Reported Liabilities Plus Expected Development on Reported Claims	$ 1,156
Cumulative Number of Reported Claims | number_of_claims	25
Cumulative Paid Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance	$ 207,801	207,524	203,333	202,193	198,758	194,605	186,996	$ 139,615
2015 | Property insurance product line, automobile
Claims Development [Line Items]
Incurred Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance	1,653,878	1,649,170	1,645,950	1,634,435	1,610,839	1,588,443	1,551,105
Total of Incurred But Not Reported Liabilities Plus Expected Development on Reported Claims	$ 4,412
Cumulative Number of Reported Claims | number_of_claims	170
Cumulative Paid Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance	$ 1,643,443	1,634,780	1,614,188	1,560,480	1,466,368	1,336,223	1,040,253
2015 | Property insurance product line, homeowners'
Claims Development [Line Items]
Incurred Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance	240,927	239,941	238,652	236,855	233,501	234,881	234,800
Total of Incurred But Not Reported Liabilities Plus Expected Development on Reported Claims	$ 3,894
Cumulative Number of Reported Claims | number_of_claims	24
Cumulative Paid Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance	$ 236,143	235,971	234,683	230,480	224,178	213,994	$ 163,196
2016 | Property insurance product line, automobile
Claims Development [Line Items]
Incurred Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance	1,740,807	1,732,410	1,731,997	1,713,696	1,669,642	1,672,853
Total of Incurred But Not Reported Liabilities Plus Expected Development on Reported Claims	$ 6,077
Cumulative Number of Reported Claims | number_of_claims	155
Cumulative Paid Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance	$ 1,722,293	1,699,069	1,656,192	1,554,217	1,395,199	1,094,006
2016 | Property insurance product line, homeowners'
Claims Development [Line Items]
Incurred Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance	259,984	260,496	259,708	259,497	259,489	250,691
Total of Incurred But Not Reported Liabilities Plus Expected Development on Reported Claims	$ 544
Cumulative Number of Reported Claims | number_of_claims	24
Cumulative Paid Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance	$ 258,477	256,642	253,919	245,878	234,215	$ 173,537
2017 | Property insurance product line, automobile
Claims Development [Line Items]
Incurred Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance	1,748,289	1,733,425	1,741,825	1,727,277	1,703,857
Total of Incurred But Not Reported Liabilities Plus Expected Development on Reported Claims	$ 15,917
Cumulative Number of Reported Claims | number_of_claims	149
Cumulative Paid Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance	$ 1,701,298	1,648,328	1,561,850	1,399,202	1,076,079
2017 | Property insurance product line, homeowners'
Claims Development [Line Items]
Incurred Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance	289,295	289,869	288,322	295,163	309,491
Total of Incurred But Not Reported Liabilities Plus Expected Development on Reported Claims	$ 409
Cumulative Number of Reported Claims | number_of_claims	30
Cumulative Paid Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance	$ 286,531	283,311	278,341	269,254	$ 217,900
2018 | Property insurance product line, automobile
Claims Development [Line Items]
Incurred Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance	1,806,240	1,785,071	1,773,502	1,781,817
Total of Incurred But Not Reported Liabilities Plus Expected Development on Reported Claims	$ 36,925
Cumulative Number of Reported Claims | number_of_claims	146
Cumulative Paid Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance	$ 1,697,228	1,588,049	1,417,637	1,082,127
2018 | Property insurance product line, homeowners'
Claims Development [Line Items]
Incurred Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance	305,292	310,695	308,361	311,798
Total of Incurred But Not Reported Liabilities Plus Expected Development on Reported Claims	$ 3,873
Cumulative Number of Reported Claims | number_of_claims	25
Cumulative Paid Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance	$ 294,099	286,658	271,534	$ 213,038
2019 | Property insurance product line, automobile
Claims Development [Line Items]
Incurred Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance	1,959,262	1,911,268	1,916,269
Total of Incurred But Not Reported Liabilities Plus Expected Development on Reported Claims	$ 93,030
Cumulative Number of Reported Claims | number_of_claims	147
Cumulative Paid Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance	$ 1,698,121	1,494,342	1,134,859
2019 | Property insurance product line, homeowners'
Claims Development [Line Items]
Incurred Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance	361,421	366,139	359,643
Total of Incurred But Not Reported Liabilities Plus Expected Development on Reported Claims	$ 7,765
Cumulative Number of Reported Claims | number_of_claims	30
Cumulative Paid Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance	$ 340,237	324,953	$ 240,240
2020 | Property insurance product line, automobile
Claims Development [Line Items]
Incurred Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance	1,448,083	1,514,551
Total of Incurred But Not Reported Liabilities Plus Expected Development on Reported Claims	$ 154,412
Cumulative Number of Reported Claims | number_of_claims	89
Cumulative Paid Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance	$ 1,089,096	825,398
2020 | Property insurance product line, homeowners'
Claims Development [Line Items]
Incurred Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance	411,404	420,257
Total of Incurred But Not Reported Liabilities Plus Expected Development on Reported Claims	$ 15,816
Cumulative Number of Reported Claims | number_of_claims	29
Cumulative Paid Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance	$ 365,910	$ 271,208
2021 | Property insurance product line, automobile
Claims Development [Line Items]
Incurred Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance	1,811,064
Total of Incurred But Not Reported Liabilities Plus Expected Development on Reported Claims	$ 471,848
Cumulative Number of Reported Claims | number_of_claims	97
Cumulative Paid Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance	$ 992,705
2021 | Property insurance product line, homeowners'
Claims Development [Line Items]
Incurred Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance	510,724
Total of Incurred But Not Reported Liabilities Plus Expected Development on Reported Claims	$ 106,771
Cumulative Number of Reported Claims | number_of_claims	28
Cumulative Paid Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance	$ 316,314

Loss And Loss Adjustment Expe_6

Loss And Loss Adjustment Expense Reserves - Average Annual Percentage Payout of Incurred Claims by Age (Details)	Dec. 31, 2021
Property insurance product line, automobile
Short-duration Insurance Contracts, Historical Claims Duration [Line Items]
Short-duration insurance contracts, historical claims duration, year one	61.40%
Short-duration insurance contracts, historical claims duration, year two	17.70%
Short-duration insurance contracts, historical claims duration, year three	8.80%
Short-duration insurance contracts, historical claims duration, year four	5.30%
Short-duration insurance contracts, historical claims duration, year five	2.80%
Short-duration insurance contracts, historical claims duration, year six	1.10%
Short-duration insurance contracts, historical claims duration, year seven	0.50%
Short-duration insurance contracts, historical claims duration, year eight	0.20%
Short-duration insurance contracts, historical claims duration, year nine	0.10%
Short-duration insurance contracts, historical claims duration, year ten	0.00%
Property insurance product line, homeowners'
Short-duration Insurance Contracts, Historical Claims Duration [Line Items]
Short-duration insurance contracts, historical claims duration, year one	67.80%
Short-duration insurance contracts, historical claims duration, year two	21.80%
Short-duration insurance contracts, historical claims duration, year three	4.00%
Short-duration insurance contracts, historical claims duration, year four	2.30%
Short-duration insurance contracts, historical claims duration, year five	1.20%
Short-duration insurance contracts, historical claims duration, year six	0.50%
Short-duration insurance contracts, historical claims duration, year seven	0.70%
Short-duration insurance contracts, historical claims duration, year eight	0.20%
Short-duration insurance contracts, historical claims duration, year nine	0.10%
Short-duration insurance contracts, historical claims duration, year ten	0.00%

Loss And Loss Adjustment Expe_7

Loss And Loss Adjustment Expense Reserves - Reconciliation of the Disclosure of Incurred and Paid Claims Development to the Loss and Loss Adjustment Expense Reserves (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Short-duration Insurance Contracts, Reconciliation of Claims Development to Liability [Line Items]
Net outstanding liabilities	$ 2,059,835
Reinsurance recoverables on unpaid losses	41,379
Insurance lines other than short-duration	706
Unallocated claims adjustment expenses	124,510
Unallocated claims adjustment expenses, aggregate reconciling items	125,216
Total gross loss and loss adjustment expense reserves	2,226,430	$ 1,991,304	$ 1,921,255	$ 1,829,412
Property insurance product line, automobile
Short-duration Insurance Contracts, Reconciliation of Claims Development to Liability [Line Items]
Net outstanding liabilities	1,625,317
Reinsurance recoverables on unpaid losses	16,416
Property insurance product line, homeowners'
Short-duration Insurance Contracts, Reconciliation of Claims Development to Liability [Line Items]
Net outstanding liabilities	286,129
Reinsurance recoverables on unpaid losses	23,958
Other Short-duration Insurance Product Line
Short-duration Insurance Contracts, Reconciliation of Claims Development to Liability [Line Items]
Net outstanding liabilities	148,389
Reinsurance recoverables on unpaid losses	$ 1,005

Dividends (Dividends Paid In To

Dividends (Dividends Paid In Total And Per Share) (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Dividends [Abstract]
Total paid	$ 140,226	$ 139,640	$ 139,071
Per share (in dollars per share)	$ 2.5325	$ 2.5225	$ 2.5125

Dividends (Narrative) (Details)

Dividends (Narrative) (Details) - USD ($) $ / shares in Units, $ in Millions	Feb. 11, 2022	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Dividends Payable [Line Items]
Maximum dividend payable without prior permission of DOI of states domicile		$ 252
Payments of ordinary dividends		$ 191	$ 121	$ 114
Subsequent Event
Dividends Payable [Line Items]
Quarterly dividend declared (in dollars per share)	$ 0.6350

Statutory Balances and Accoun_3

Statutory Balances and Accounting Practices (Schedule Of Statutory Net Income And Capital And Surplus) (Details) $ in Thousands		12 Months Ended
		Dec. 31, 2021USD ($)	Dec. 31, 2020USD ($)	Dec. 31, 2019USD ($)
Statutory Balances And Accounting Practices [Abstract]
Statutory net income	[1]	$ 200,488	$ 283,928	$ 135,670
Statutory capital and surplus		$ 1,827,210	$ 1,768,103	$ 1,539,998
RBC authorized control level		4	3.50	4
Minimum RBC authorized control level		2	2	2
[1]	Statutory net income reflects differences from GAAP net income, including changes in the fair value of the investment portfolio as a result of the application of the fair value option.

Profit Sharing Plan and Annua_2

Profit Sharing Plan and Annual Cash Bonuses (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Deferred Compensation Arrangements [Abstract]
Maximum percentage of compensation employee is allowed to contribute	15.00%
Matching contributions	$ 10.4	$ 11.2	$ 9.9
Bonus expense, cash	$ 36.9	$ 11.6

Share-Based Compensation (Narra

Share-Based Compensation (Narrative) (Details)	1 Months Ended		12 Months Ended
	Feb. 28, 2019shares	Feb. 28, 2018executiveshares	Dec. 31, 2021USD ($)shares	Dec. 31, 2020USD ($)shares	Dec. 31, 2019USD ($)shares	Feb. 28, 2015shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options forfeited (in shares)			0
Vesting term			4 years
Intrinsic value of stock options exercised | $			$ 1,007,175		$ 217,064
Options exercised (in shares)			47,500	0
Total fair value of stock options vested | $			$ 141,584	$ 141,584	$ 141,584
Restricted Stock Units (RSUs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting term			3 years
2015 Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares authorized (in shares)						4,900,000
Options granted (in shares)			0	0	0
Compensation expense not yet recognized | $			$ 14,720
2015 Plan | Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options granted (in shares)		80,000
Options forfeited (in shares)	10,000
Number of executives | executive		4
Vesting term			4 years
Compensation expense not yet recognized, period for recognition			1 month 6 days
2015 Plan | Restricted Stock Units (RSUs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares granted (in shares)			0	0	0
2015 Plan | Common stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares available for issuance (in shares)			4,830,000
2005 Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Percentage of stock option exercisable per year			25.00%
2005 Plan | Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expiration pperiod			10 years

Share-Based Compensation (Share

Share-Based Compensation (Share-based Compensation Expense) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Share-based Payment Arrangement [Abstract]
Cash received from stock option exercises	$ 215	$ 0	$ 701
Compensation cost, all share-based awards	141	142	123
Excess tax benefit, all share-based awards	$ (117)	$ 0	$ (7)

Share-Based Compensation (Stock

Share-Based Compensation (Stock Option Valuation Assumptions) (Details) - Options	12 Months Ended
	Dec. 31, 2021$ / shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted-average grant-date fair value	$ 8.09
Expected volatility	33.18%
Risk-free interest rate	2.62%
Expected dividend yield	5.40%
Expected term	72 months

Share-Based Compensation (Summa

Share-Based Compensation (Summary Of Stock Option Activity) (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Shares
Outstanding Shares, Beginning balance (in shares)	67,500
Exercised, (in shares)	(47,500)	0
Canceled or expired, (in shares)	0
Outstanding Shares, Ending balance (in share)	20,000	67,500
Exercisable, (in shares)	2,500
Weighted-Average Exercise Price
Beginning balance (in dollars per share)	$ 43.01
Exercised (in dollars per share)	43.01
Canceled or Expired (in dollars per share)	0
Ending balance (in dollars per share)	43.01	$ 43.01
Exercisable (in dollars per share)	$ 43.01
Share-based Compensation Arrangement by Share-based Payment Award, Options, Additional Disclosures [Abstract]
Outstanding, Weighted-Average Remaining Contractual Term (Years)	6 years 1 month 6 days
Exercisable, Weighted-Average Remaining Contractual Term (Years)	6 years 1 month 6 days
Outstanding, Aggregate Intrinsic Value	$ 201
Exercisable, Aggregate Intrinsic Value	$ 25

Share-Based Compensation (Sto_2

Share-Based Compensation (Stock Option Awards) (Details) - $ / shares	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Number of options outstanding (in shares)	20,000	67,500
Options Outstanding, Weighted-Avg. Remaining Contractual Life (Years)	6 years 1 month 6 days
Options Outstanding, Weighted-Avg. Exercise Price (in dollars per share)	$ 43.01	$ 43.01
Number of options exercisable (in shares)	2,500
Options Exercisable, Weighted-Avg. Exercise Price (in dollars per share)	$ 43.01
43.01
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Range of Exercise Prices, lower limit (in dollars per share)	$ 43.01
Number of options outstanding (in shares)	20,000
Options Outstanding, Weighted-Avg. Remaining Contractual Life (Years)	6 years 1 month 6 days
Options Outstanding, Weighted-Avg. Exercise Price (in dollars per share)	$ 43.01
Number of options exercisable (in shares)	2,500
Options Exercisable, Weighted-Avg. Exercise Price (in dollars per share)	$ 43.01

Share-Based Compensation (Sum_2

Share-Based Compensation (Summary Of Vested And Unvested RSU) (Details) - Restricted Stock Units (RSUs) - $ / shares	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Shares
Outstanding shares, Beginning balance (in shares)	0	0	75,250
Vested, shares (in shares)	0	0	0
Forfeited/canceled, shares (in shares)	0	0	(6,000)
Expired, shares (in shares)	0	0	(69,250)
Outstanding shares, Ending balance (in shares)	0	0	0
Weighted- Average Fair Value per Share
Outstanding, Beginning balance (in dollars per share)	$ 0	$ 0	$ 53.49
Vested (in dollars per share)	0	0	0
Forfeited/Canceled (in dollars per share)	0	0	53.49
Expired (in dollars per share)	0	0	53.49
Outstanding, Ending balance (in dollars per share)	$ 0	$ 0	$ 0

Earnings Per Share (Details)

Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Net Income (Numerator)
Income available to common stockholders, Basic	$ 247,937	$ 374,607	$ 320,087
Income available to common stockholders after assumed conversions, Diluted	$ 247,937	$ 374,607	$ 320,087
Weighted Average Shares (Denominator)
Weighted shares, basic (in shares)	55,368,000	55,358,000	55,351,000
Weighted shares, diluted (in shares)	55,374,000	55,358,000	55,360,000
Earnings Per Share Basic and Diluted, Per Share Amounts [Abstract]
Basic (in dollars per share)	$ 4.48	$ 6.77	$ 5.78
Diluted (in dollars per share)	$ 4.48	$ 6.77	$ 5.78
Potentially dilutive securities (in shares)	0		0
Common stock
Earnings Per Share Basic and Diluted, Per Share Amounts [Abstract]
Potentially dilutive securities (in shares)		67,500
Options
Net Income (Numerator)
Effect of dilutive securities: Options	$ 0	$ 0	$ 0
Weighted Average Shares (Denominator)
Effect of dilutive securities: options (in shares)	6,000	0	9,000

Commitments and Contingencies (

Commitments and Contingencies (Narrative) (Details) - USD ($) $ in Millions	Apr. 01, 2021	Dec. 31, 2020
Commitments and Contingencies Disclosure [Abstract]
Exposure to earthquake loss	$ 77.1
Reduction in premiums written, net		$ 128

Segment Information - Summary o

Segment Information - Summary of Operating Results by Segment (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2021USD ($)StateSubsidiarysegment	Dec. 31, 2020USD ($)	Dec. 31, 2019USD ($)
Segment Reporting [Abstract]
Number of insurance companies | Subsidiary	13
Number of states in which company operates | State	11
Number of reportable segments | segment	1
Segment Reporting Information [Line Items]
Net premiums earned	$ 3,741,948	$ 3,555,635	$ 3,599,418
Losses and loss adjustment expenses	2,760,155	2,395,343	2,706,024
Underwriting expenses	916,700	913,700	871,400
Underwriting gain	65,000	246,600	22,000
Net investment income	129,727	134,858	141,263
Net realized investment gains	111,658	85,731	222,793
Other income	10,024	8,287	9,044
Interest expense	(17,113)	(17,048)	(17,035)
Income before income taxes	299,307	458,501	378,069
Net income	247,937	374,607	320,087
Property & Casualty
Segment Reporting Information [Line Items]
Net premiums earned	3,712,910	3,526,753	3,571,042
Losses and loss adjustment expenses	2,746,300	2,381,500	2,692,700
Underwriting expenses	902,600	899,100	857,300
Underwriting gain	64,000	246,200	21,000
Other
Segment Reporting Information [Line Items]
Net premiums earned	29,000	28,800	28,400
Losses and loss adjustment expenses	13,900	13,800	13,300
Underwriting expenses	14,100	14,600	14,100
Underwriting gain	$ 1,000	$ 400	$ 1,000

Segment Information - Summary_2

Segment Information - Summary of Premiums Written and Earned by Segment (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Segment Reporting Information [Line Items]
Net premiums earned	$ 3,741,948	$ 3,555,635	$ 3,599,418
Direct premiums written	3,907,500	3,654,200	3,774,600
Private passenger automobile
Segment Reporting Information [Line Items]
Net premiums earned	2,613,500	2,591,300	2,756,500
Direct premiums written	2,640,700	2,569,000	2,820,500
Homeowners
Segment Reporting Information [Line Items]
Net premiums earned	698,100	601,300	514,800
Direct premiums written	801,500	678,900	598,500
Commercial automobile
Segment Reporting Information [Line Items]
Net premiums earned	258,600	225,600	208,700
Direct premiums written	259,900	240,800	217,300
Other
Segment Reporting Information [Line Items]
Net premiums earned	171,700	137,400	119,400
Direct premiums written	205,400	165,500	138,300
Property & Casualty
Segment Reporting Information [Line Items]
Net premiums earned	3,712,910	3,526,753	3,571,042
Direct premiums written	3,877,476	3,624,965	3,742,627
Property & Casualty | Private passenger automobile
Segment Reporting Information [Line Items]
Net premiums earned	2,613,500	2,591,300	2,756,500
Direct premiums written	2,640,700	2,569,000	2,820,500
Property & Casualty | Homeowners
Segment Reporting Information [Line Items]
Net premiums earned	698,100	601,300	514,800
Direct premiums written	801,500	678,900	598,500
Property & Casualty | Commercial automobile
Segment Reporting Information [Line Items]
Net premiums earned	258,600	225,600	208,700
Direct premiums written	259,900	240,800	217,300
Property & Casualty | Other
Segment Reporting Information [Line Items]
Net premiums earned	142,700	108,600	91,000
Direct premiums written	175,400	136,300	106,300
Other
Segment Reporting Information [Line Items]
Net premiums earned	29,000	28,800	28,400
Direct premiums written	30,000	29,200	32,000
Other | Private passenger automobile
Segment Reporting Information [Line Items]
Net premiums earned	0	0	0
Direct premiums written	0	0	0
Other | Homeowners
Segment Reporting Information [Line Items]
Net premiums earned	0	0	0
Direct premiums written	0	0	0
Other | Commercial automobile
Segment Reporting Information [Line Items]
Net premiums earned	0	0	0
Direct premiums written	0	0	0
Other | Other
Segment Reporting Information [Line Items]
Net premiums earned	29,000	28,800	28,400
Direct premiums written	$ 30,000	$ 29,200	$ 32,000

Summary Of Investments Other _2

Summary Of Investments Other Than Investments In Related Parties (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties [Line Items]
Cost	$ 4,805,522	$ 4,460,115
Fair Value	5,142,589	4,729,270
Amounts in the Balance Sheet	5,142,589	4,729,270
Fixed maturity securities
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties [Line Items]
Cost	3,909,780	3,388,418
Fair Value	4,031,523	3,549,810
Amounts in the Balance Sheet	4,031,523	3,549,810
U.S. government bonds
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties [Line Items]
Cost	13,082	13,756
Fair Value	13,085	13,816
Amounts in the Balance Sheet	13,085	13,816
Municipal securities
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties [Line Items]
Cost	2,715,578	2,632,559
Fair Value	2,843,221	2,791,212
Amounts in the Balance Sheet	2,843,221	2,791,212
Mortgage-backed securities
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties [Line Items]
Cost	137,384	91,527
Fair Value	137,002	93,264
Amounts in the Balance Sheet	137,002	93,264
Corporate securities
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties [Line Items]
Cost	529,377	240,486
Fair Value	523,853	241,366
Amounts in the Balance Sheet	523,853	241,366
Collateralized loan obligations
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties [Line Items]
Cost	312,928	256,558
Fair Value	314,153	256,891
Amounts in the Balance Sheet	314,153	256,891
Other asset-backed securities
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties [Line Items]
Cost	201,431	153,532
Fair Value	200,209	153,261
Amounts in the Balance Sheet	200,209	153,261
Equity securities
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties [Line Items]
Cost	754,536	695,150
Fair Value	970,939	803,851
Amounts in the Balance Sheet	970,939	803,851
Common stock
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties [Line Items]
Cost	561,381	563,394
Fair Value	797,024	691,782
Amounts in the Balance Sheet	797,024	691,782
Non-redeemable preferred stock
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties [Line Items]
Cost	64,429	31,430
Fair Value	65,501	32,660
Amounts in the Balance Sheet	65,501	32,660
Private Equity Funds Net Asset Value
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties [Line Items]
Cost	128,726	100,326
Fair Value	108,414	79,409
Amounts in the Balance Sheet	108,414	79,409
Short-term investments
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties [Line Items]
Cost	141,206	376,547
Fair Value	140,127	375,609
Amounts in the Balance Sheet	$ 140,127	$ 375,609

Condensed Financial Informati_2

Condensed Financial Information of Registrant (Schedule Of Condensed Financial Information Of Registrant, Balance Sheets) (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Investments, at fair value:
Equity securities (cost $69,371; $75,099)	$ 970,939	$ 803,851
Short-term investments (cost $20,441; $4,269)	140,127	375,609
Total investments	5,142,589	4,729,270
Cash	335,557	348,479
Accrued investment income	43,299	42,985
Current income taxes	20,108	0
Other assets	27,970	38,635
Total assets	6,772,472	6,328,246
Liabilities
Notes payable	372,931	372,532
Deferred income taxes	53,569	41,132
Other liabilities	255,760	236,136
Total liabilities	4,632,191	4,295,649
Shareholders’ equity:
Common stock	98,943	98,970
Retained earnings	2,041,338	1,933,627
Total shareholders’ equity	2,140,281	2,032,597	$ 1,799,502
Total liabilities and shareholders’ equity	6,772,472	6,328,246
Cost - equity security trading investments	754,536	695,150
Cost - short-term investments	141,206	376,547
Parent Company
Investments, at fair value:
Equity securities (cost $69,371; $75,099)	111,399	110,596
Short-term investments (cost $20,441; $4,269)	20,441	4,269
Investment in subsidiaries	2,332,717	2,285,417
Total investments	2,464,557	2,400,282
Cash	53,738	24,652
Accrued investment income	16	20
Amounts receivable from affiliates	457	250
Current income taxes	20,738	0
Income tax receivable from affiliates	14,202	5,862
Other assets	771	221
Total assets	2,554,479	2,431,287
Liabilities
Notes payable	372,931	372,532
Amounts payable to affiliates	0	30
Income tax payable to affiliates	25,626	2,724
Current income taxes	0	10,074
Deferred income taxes	10,811	8,470
Other liabilities	4,830	4,860
Total liabilities	414,198	398,690
Shareholders’ equity:
Common stock	98,943	98,970
Retained earnings	2,041,338	1,933,627
Total shareholders’ equity	2,140,281	2,032,597
Total liabilities and shareholders’ equity	2,554,479	2,431,287
Cost - equity security trading investments	69,371	75,099
Cost - short-term investments	$ 20,441	$ 4,269

Condensed Financial Informati_3

Condensed Financial Information of Registrant (Schedule Of Condensed Financial Information Of Registrant, Statements Of Operations) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Revenues:
Net investment income	$ 129,727	$ 134,858	$ 141,263
Net realized investment gains	111,658	85,731	222,793
Other	10,024	8,287	9,044
Total revenues	3,993,357	3,784,511	3,972,518
Expenses:
Other operating expenses	283,397	285,831	269,305
Interest	17,113	17,048	17,035
Total expenses	3,694,050	3,326,010	3,594,449
Income before income taxes	299,307	458,501	378,069
Income tax expense	51,370	83,894	57,982
Net income	247,937	374,607	320,087
Parent Company
Revenues:
Net investment income	2,560	3,323	3,735
Net realized investment gains	26,523	9,575	31,682
Other	0	0	5
Total revenues	29,083	12,898	35,422
Expenses:
Other operating expenses	2,627	3,054	2,592
Interest	17,088	17,035	17,036
Total expenses	19,715	20,089	19,628
Income before income taxes	9,368	(7,191)	15,794
Income tax expense	4,930	600	2,816
Income (loss) before equity in net income of subsidiaries	4,438	(7,791)	12,978
Equity in net income of subsidiaries	243,499	382,398	307,109
Net income	$ 247,937	$ 374,607	$ 320,087

Condensed Financial Informati_4

Condensed Financial Information of Registrant (Schedule Of Condensed Financial Information Of Registrant, Statements Of Cash Flow) (Details) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Cash flows from operating activities:
Net cash provided by operating activities	$ 501,584,000	$ 605,616,000	$ 519,678,000
Cash flows from investing activities:
Capital distribution from subsidiaries	5,200,000	12,100,000	5,200,000
Equity securities available for sale in nature
Purchases	(958,008,000)	(1,230,785,000)	(1,174,759,000)
Sales	943,857,000	1,174,540,000	1,088,701,000
Other, net	9,096,000	20,577,000	6,247,000
Net cash used in investing activities	(373,670,000)	(411,286,000)	(401,201,000)
Cash flows from financing activities:
Dividends paid to shareholders	(140,226,000)	(139,640,000)	(139,071,000)
Proceeds from stock options exercised	215,000	0	701,000
Net cash used in financing activities	(140,836,000)	(140,249,000)	(138,370,000)
Net increase (decrease) in cash	(12,922,000)	54,081,000	(19,893,000)
Cash:
Beginning of year	348,479,000	294,398,000	314,291,000
End of year	335,557,000	348,479,000	294,398,000
SUPPLEMENTAL CASH FLOW DISCLOSURE
Interest paid	16,616,000	16,599,000	16,586,000
Income taxes paid (refunded), net	69,467,000	52,659,000	(14,564,000)
Parent Company
Cash flows from operating activities:
Net cash provided by operating activities	(36,662,000)	(17,339,000)	(5,392,000)
Cash flows from investing activities:
Capital contribution to subsidiaries	0	(30,000,000)	(125,000)
Capital distribution from subsidiaries	0	0	30,068,567
Distributions received from special purpose entities	5,199,000	12,129,000	5,153,000
Dividends received from subsidiaries	191,000,000	121,000,000	114,431,000
Equity securities available for sale in nature
Purchases	(13,151,000)	(54,571,000)	(39,966,000)
Sales	38,092,000	67,965,000	74,663,000
(Increase) decrease in short-term investments	(16,172,000)	25,088,000	(25,213,000)
Other, net	791,000	254,000	376,000
Net cash used in investing activities	205,759,000	141,865,000	159,388,000
Cash flows from financing activities:
Dividends paid to shareholders	(140,226,000)	(139,640,000)	(139,071,000)
Proceeds from stock options exercised	215,000	0	701,000
Net cash used in financing activities	(140,011,000)	(139,640,000)	(138,370,000)
Net increase (decrease) in cash	29,086,000	(15,114,000)	15,626,000
Cash:
Beginning of year	24,652,000	39,766,000	24,140,000
End of year	53,738,000	24,652,000	39,766,000
SUPPLEMENTAL CASH FLOW DISCLOSURE
Interest paid	16,590,000	16,586,000	16,586,000
Income taxes paid (refunded), net	$ 18,841,000	$ (20,552,000)	$ (12,391,000)

Condensed Financial Informati_5

Condensed Financial Information of Registrant Condensed Financial Information of Registrant (Narratives) (Details)	Mar. 08, 2017USD ($)	Dec. 31, 2021USD ($)	Dec. 31, 2020USD ($)	Dec. 31, 2019USD ($)	Mar. 31, 2021USD ($)	Mar. 29, 2017USD ($)
Condensed Financial Statements, Captions [Line Items]
Capital distribution from subsidiaries		$ 5,200,000	$ 12,100,000	$ 5,200,000
Proceeds from dividends received		$ 191,000,000	121,000,000	114,431,433
Revolving Credit Facility
Condensed Financial Statements, Captions [Line Items]
Repayments of debt	$ 320,000,000
Revolving Credit Facility | Unsecured Notes Two
Condensed Financial Statements, Captions [Line Items]
Loan maximum borrowing capacity					$ 75,000,000	$ 50,000,000
Unsecured Debt | Unsecured Notes One
Condensed Financial Statements, Captions [Line Items]
Interest rate, stated percentage	4.40%
Debt issuance costs	$ 3,400,000
Discount percent	99.847%
Interest rate, effective percentage	4.45%
Minimum | Revolving Credit Facility | Unsecured Notes Two
Condensed Financial Statements, Captions [Line Items]
Commitment fee on undrawn portion of facility		0.125%
Minimum | Revolving Credit Facility | Unsecured Notes Two | LIBOR
Condensed Financial Statements, Captions [Line Items]
Debt to total capital ratio					0.30
Maximum | Revolving Credit Facility | Unsecured Notes Two
Condensed Financial Statements, Captions [Line Items]
Debt to total capital ratio		0.149
Commitment fee on undrawn portion of facility		0.225%
Maximum | Revolving Credit Facility | Unsecured Notes Two | LIBOR
Condensed Financial Statements, Captions [Line Items]
Debt to total capital ratio					0.20
Parent Company
Condensed Financial Statements, Captions [Line Items]
Capital distribution from subsidiaries		$ 0	0	30,068,567
Payments for contributions to subsidiaries		$ 0	$ 30,000,000	$ 125,000

Supplemental Reinsurance Prem_2

Supplemental Reinsurance Premiums (Schedule of Property and Liability Insurance Earned Premiums) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
SEC Schedule, 12-16, Insurance Companies, Supplementary Insurance Information [Abstract]
Direct amounts	$ 3,793,664	$ 3,603,780	$ 3,655,233
Ceded to other companies	(65,017)	(56,212)	(56,725)
Assumed	13,301	8,067	910
Net amounts	$ 3,741,948	$ 3,555,635	$ 3,599,418