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CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Thousands
Mar. 31, 2020
Dec. 31, 2019
Current Assets:    
Cash and cash equivalents $ 385,788 $ 542,174
Restricted cash and investments 389,390 420,801
Short-term investments 16,595 12,325
Premiums, commissions and fees receivable 1,000,120 942,834
Reinsurance recoverable 33,556 58,505
Prepaid reinsurance premiums 333,806 366,021
Other current assets 124,582 152,142
Total current assets 2,283,837 2,494,802
Fixed assets, net 159,361 148,627
Operating lease assets 193,591 184,288
Goodwill 3,881,576 3,746,094
Amortizable intangible assets, net 932,874 916,768
Investments 23,340 27,378
Other assets 107,766 104,864
Total assets 7,582,345 7,622,821
Current Liabilities:    
Premiums payable to insurance companies 974,297 1,014,317
Losses and loss adjustment reserve 33,553 58,505
Unearned premiums 333,806 366,021
Premium deposits and credits due customers 127,641 113,841
Accounts payable 151,674 99,960
Accrued expenses and other liabilities 210,898 337,717
Current portion of long-term debt 58,750 55,000
Total current liabilities 1,890,619 2,045,361
Long-term debt less unamortized discount and debt issuance costs 1,483,355 1,500,343
Operating lease liabilities 176,748 167,855
Deferred income taxes, net 323,404 328,277
Other liabilities 228,378 230,706
Shareholders’ Equity:    
Common stock, par value $0.10 per share; authorized 560,000 shares; issued 298,934 shares and outstanding 283,441 shares at 2020, issued 297,106 shares and outstanding 281,655 shares at 2019 - in thousands. 29,893 29,711
Additional paid-in capital 718,261 716,049
Treasury stock, at cost at 15,493 shares at 2020, 15,451 shares at 2019, respectively - in thousands (537,672) (536,243)
Retained earnings 3,269,359 3,140,762
Total shareholders’ equity 3,479,841 3,350,279
Total liabilities and shareholders’ equity $ 7,582,345 $ 7,622,821