Unaudited Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
ASSETS:
Fixed maturity investments trading, at fair value (amortized cost: 2015: $6,424,975; 2014: $6,035,240)	$ 6,431,543	$ 6,069,010
Equity securities trading, at fair value (cost: 2015: $757,592; 2014: $791,206)	815,641	844,163
Other invested assets	896,790	955,509
Total investments	8,143,974	7,868,682
Cash and cash equivalents	661,847	589,339
Restricted cash	107,069	80,971
Insurance balances receivable	944,539	664,815
Funds held	462,493	724,021
Prepaid reinsurance	399,169	360,732
Reinsurance recoverable	1,433,109	1,340,256
Reinsurance recoverable on paid losses	88,421	86,075
Accrued investment income	31,739	28,456
Net deferred acquisition costs	208,034	151,546
Goodwill	357,729	278,258
Intangible assets	136,368	46,298
Balances receivable on sale of investments	122,660	47,149
Net deferred tax assets	19,818	33,615
Other assets	190,025	121,350
Total assets	13,306,994	12,421,563
LIABILITIES:
Reserve for losses and loss expenses	6,363,948	5,881,165
Unearned premiums	1,894,484	1,555,313
Reinsurance balances payable	231,350	180,060
Balances due on purchases of investments	205,430	5,428
Senior notes	798,962	798,802
Other long-term debt	24,472	19,213
Dividends payable	23,606	21,669
Accounts payable and accrued liabilities	139,941	181,622
Total liabilities	9,682,193	8,643,272
SHAREHOLDERS’ EQUITY:
Common shares: 2015 and 2014: par value CHF 4.10 per share (2015: 95,523,230; 2014: 100,775,256 shares issued and 2015: 90,796,360; 2014: 96,195,482 shares outstanding)	386,702	408,020
Treasury shares, at cost (2015: 4,726,870; 2014: 4,579,774)	(159,186)	(143,075)
Accumulated other comprehensive loss	(3,272)	0
Retained earnings	3,400,557	3,513,346
Total shareholders’ equity	3,624,801	3,778,291
Total liabilities and shareholders’ equity	$ 13,306,994	$ 12,421,563