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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2020
Dec. 31, 2019
Investments    
Fixed maturities, available-for-sale, at fair value (amortized cost, $2,298,913 and $2,241,304, respectively; allowance for expected credit losses, $552 as of current period end) $ 2,386,085 $ 2,288,785
Fixed maturities, trading, at fair value (cost, $52,357 and $46,772, respectively) 53,081 47,284
Equity investments, at fair value (cost, $127,719 and $227,873, respectively) 129,385 250,552
Short-term investments 377,539 339,907
Business owned life insurance 67,393 66,112
Investment in unconsolidated subsidiaries 312,848 358,820
Other investments (at fair value, $37,714 and $36,018, respectively, otherwise at cost or amortized cost) 40,650 38,949
Total Investments 3,366,981 3,390,409
Cash and cash equivalents 231,948 175,369
Premiums receivable, net 237,894 249,540
Receivable from reinsurers on paid losses and loss adjustment expenses 13,697 12,739
Receivable from reinsurers on unpaid losses and loss adjustment expenses 391,637 390,708
Prepaid reinsurance premiums 45,159 42,796
Deferred policy acquisition costs 53,038 55,567
Deferred tax asset, net 59,585 44,387
Real estate, net 29,990 30,410
Operating lease ROU assets 18,925 21,074
Intangible assets, net 67,284 70,757
Goodwill 49,610 210,725
Other assets 126,749 111,118
Total Assets 4,692,497 4,805,599
Policy liabilities and accruals    
Reserve for losses and loss adjustment expenses 2,407,488 2,346,526
Unearned premiums 415,184 413,086
Reinsurance premiums payable 46,117 52,946
Total Policy Liabilities 2,868,789 2,812,558
Operating lease liabilities 20,194 22,051
Other liabilities 188,631 173,256
Debt less unamortized debt issuance costs 284,990 285,821
Total Liabilities 3,362,604 3,293,686
Shareholders' Equity    
Common shares (par value $0.01 per share, 100,000,000 shares authorized, 63,214,475 and 63,117,235 shares issued, respectively) 632 631
Additional paid-in capital 387,386 384,551
Accumulated other comprehensive income (loss) (net of deferred tax expense (benefit) of $17,488 and $9,795, respectively) 68,285 36,955
Retained earnings 1,289,552 1,505,738
Treasury shares, at cost (9,325,180 shares as of each respective period end) (415,962) (415,962)
Total Shareholders' Equity 1,329,893 1,511,913
Total Liabilities and Shareholders' Equity $ 4,692,497 $ 4,805,599