Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Assets
Fixed maturities trading, at fair value (amortized cost: 2016—$5,524,027; 2015—$5,556,900)	$ 5,551,586	$ 5,510,331
Short-term investments trading, at fair value (amortized cost: 2016—$2,369,704; 2015—$1,941,615)	2,369,654	1,941,635
Other investments, at fair value (cost: 2016—$338,669; 2015—$315,963)	359,526	336,856
Cash and cash equivalents	568,798	723,109
Restricted cash	96,022	73,270
Total investments and cash	8,945,586	8,585,201
Investments in affiliates, equity method (cost: 2016—$86,101; 2015—$70,186)	99,278	88,065
Premiums receivable	1,372,000	658,682
Deferred acquisition costs	283,213	181,002
Prepaid reinsurance premiums	145,567	77,992
Securities lending collateral	10,224	4,863
Loss reserves recoverable	442,987	350,586
Paid losses recoverable	27,648	23,071
Income taxes recoverable	8,526	16,228
Deferred tax asset	23,745	21,661
Receivable for investments sold	13,736	39,766
Intangible assets	118,426	121,258
Goodwill	196,758	196,758
Accrued investment income	24,925	23,897
Other assets	105,625	126,782
Total assets	11,818,244	10,515,812
Liabilities
Reserve for losses and loss expenses	3,122,717	2,996,567
Unearned premiums	1,621,563	966,210
Reinsurance balances payable	92,488	75,380
Securities lending payable	10,690	5,329
Deferred tax liability	3,552	3,847
Payable for investments purchased	52,718	77,475
Accounts payable and accrued expenses	149,593	627,331
Notes payable to AlphaCat investors	370,982	75,493
Senior notes payable	245,261	245,161
Debentures payable	537,987	537,668
Total liabilities	6,207,551	5,610,461
Commitments and contingent liabilities
Redeemable noncontrolling interest	1,532,283	1,111,714
Shareholders' equity
Preferred shares (Issued and Outstanding: 2016—6,000; 2015—nil)	150,000	0
Common shares (Issued: 2016—161,252,871; 2015—160,570,772; Outstanding: 2016—80,772,238; 2015—82,900,617)	28,219	28,100
Treasury shares (2016—80,480,633; 2015—77,670,155)	(14,084)	(13,592)
Additional paid-in capital	883,701	1,002,980
Accumulated other comprehensive loss	(18,182)	(12,569)
Retained earnings	2,836,602	2,634,056
Total shareholders' equity available to Validus	3,866,256	3,638,975
Noncontrolling interest	212,154	154,662
Total shareholders' equity	4,078,410	3,793,637
Total liabilities, noncontrolling interests and shareholders’ equity	$ 11,818,244	$ 10,515,812