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CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Thousands
Sep. 30, 2017
Dec. 31, 2016
Current Assets:    
Cash and cash equivalents $ 546,520 $ 515,646
Restricted cash and investments 276,687 265,637
Short-term investments 29,156 15,048
Premiums, commissions and fees receivable 525,943 502,482
Reinsurance recoverable 2,160,286 78,083
Prepaid reinsurance premiums 332,246 308,661
Other current assets 45,545 50,571
Total current assets 3,916,383 1,736,128
Fixed assets, net 71,296 75,807
Goodwill 2,701,488 2,675,402
Amortizable intangible assets, net 656,054 707,454
Investments 14,085 23,048
Other assets 54,971 44,895
Total assets 7,414,277 5,262,734
Current Liabilities:    
Premiums payable to insurance companies 653,289 647,564
Losses and loss adjustment reserve 2,160,286 78,083
Unearned premiums 332,246 308,661
Premium deposits and credits due customers 97,917 83,765
Accounts payable 63,623 69,595
Accrued expenses and other liabilities 204,153 201,989
Current portion of long-term debt 120,000 55,500
Total current liabilities 3,631,514 1,445,157
Long-term debt less unamortized discount and debt issuance costs 860,741 1,018,372
Deferred income taxes, net 382,228 357,686
Other liabilities 56,147 81,308
Shareholders’ Equity:    
Common stock, par value $0.10 per share; authorized 280,000 shares; issued 148,838 shares and outstanding 139,518 shares at 2017, issued 148,107 shares and outstanding 140,104 shares at 2016 14,884 14,811
Additional paid-in capital 493,821 468,443
Treasury stock, at cost at 9,319 shares at 2017 and 8,003 shares at 2016, respectively (315,072) (257,683)
Retained earnings 2,290,014 2,134,640
Total shareholders’ equity 2,483,647 2,360,211
Total liabilities and shareholders’ equity $ 7,414,277 $ 5,262,734