XML 21 R4.htm IDEA: XBRL DOCUMENT v3.22.0.1
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
Current Assets:    
Cash and cash equivalents $ 887,009 $ 817,398
Restricted cash and investments 583,247 454,517
Short-term investments 12,891 18,332
Premiums, commissions and fees receivable 1,216,188 1,099,248
Reinsurance recoverable 63,106 43,469
Prepaid reinsurance premiums 392,222 377,615
Other current assets 175,621 147,670
Total current assets 3,330,284 2,958,249
Fixed assets, net 212,033 201,115
Operating lease assets 197,035 186,998
Goodwill 4,736,828 4,395,918
Amortizable intangible assets, net 1,081,465 1,049,660
Investments 30,970 24,971
Other assets 206,828 149,581
Total assets 9,795,443 8,966,492
Current Liabilities:    
Premiums payable to insurance companies 1,384,562 1,198,529
Losses and loss adjustment reserve 63,106 43,469
Unearned premiums 392,222 377,615
Premium deposits and credits due customers 122,447 102,505
Accounts payable 206,370 190,497
Accrued expenses and other liabilities 456,159 371,737
Current portion of long-term debt 42,500 70,000
Total current liabilities 2,667,366 2,354,352
Long-term debt less unamortized discount and debt issuance costs 1,980,437 2,025,906
Operating lease liabilities 179,976 172,935
Deferred income taxes, net 386,794 344,222
Other liabilities 383,977 314,854
Shareholders’ Equity:    
Common stock, par value $0.10 per share; authorized 560,000 shares; issued 299,689 shares and outstanding 283,004 at 2020, issued 297,106 shares and outstanding 281,655 shares at 2019 - in thousands. 30,099 29,969
Additional paid-in capital 849,424 794,909
Treasury stock, at cost at 16,685 at 2020 and 15,451 shares at 2019, respectively - in thousands (673,902) (591,338)
Accumulated other comprehensive loss (9,409)  
Retained earnings 4,000,681 3,520,683
Total shareholders’ equity 4,196,893 3,754,223
Total liabilities and shareholders’ equity $ 9,795,443 $ 8,966,492