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CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Thousands
Sep. 30, 2019
Dec. 31, 2018
Current Assets:    
Cash and cash equivalents $ 497,510 $ 438,961
Restricted cash and investments 377,085 338,635
Short-term investments 9,935 12,868
Premiums, commissions and fees receivable 895,612 844,815
Reinsurance recoverable 309,787 65,396
Prepaid reinsurance premiums 383,565 337,920
Other current assets 133,443 128,716
Total current assets 2,606,937 2,167,311
Fixed assets, net 128,889 100,395
Operating lease assets 193,419 0
Goodwill 3,702,265 3,432,786
Amortizable intangible assets, net 923,418 898,807
Investments 28,137 17,394
Other assets 97,599 71,975
Total assets 7,680,664 6,688,668
Current Liabilities:    
Premiums payable to insurance companies 906,136 857,559
Losses and loss adjustment reserve 309,787 65,212
Unearned premiums 383,565 337,920
Premium deposits and credits due customers 118,350 105,640
Accounts payable 103,920 87,345
Accrued expenses and other liabilities 272,166 279,310
Current portion of long-term debt 55,000 50,000
Total current liabilities 2,148,924 1,782,986
Long-term debt less unamortized discount and debt issuance costs 1,513,560 1,456,990
Operating lease liabilities 177,097 0
Deferred income taxes, net 322,024 315,732
Other liabilities 204,536 132,392
Shareholders’ Equity:    
Common stock, par value $0.10 per share; authorized 560,000 shares; issued 297,136 shares and outstanding 282,498 shares at 2019, issued 293,380 shares and outstanding 279,583 shares at 2018 - in thousands. 29,714 29,338
Additional paid-in capital 703,949 615,180
Treasury stock, at cost at 14,638 shares at 2019 and 13,797 shares at 2018, respectively - in thousands (507,314) (477,572)
Retained earnings 3,088,174 2,833,622
Total shareholders’ equity 3,314,523 3,000,568
Total liabilities and shareholders’ equity $ 7,680,664 $ 6,688,668