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CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Thousands
Jun. 30, 2020
Dec. 31, 2019
Current Assets:    
Cash and cash equivalents $ 623,240 $ 542,174
Restricted cash and investments 438,964 420,801
Short-term investments 18,111 12,325
Premiums, commissions and fees receivable 1,080,896 942,834
Reinsurance recoverable 45,210 58,505
Prepaid reinsurance premiums 356,820 366,021
Other current assets 141,736 152,142
Total current assets 2,704,977 2,494,802
Fixed assets, net 174,376 148,627
Operating lease assets 190,322 184,288
Goodwill 4,023,298 3,746,094
Amortizable intangible assets, net 965,364 916,768
Investments 21,592 27,378
Other assets 121,129 104,864
Total assets 8,201,058 7,622,821
Current Liabilities:    
Premiums payable to insurance companies 1,205,604 1,014,317
Losses and loss adjustment reserve 45,210 58,505
Unearned premiums 356,820 366,021
Premium deposits and credits due customers 102,389 113,841
Accounts payable 195,793 99,960
Accrued expenses and other liabilities 289,960 337,717
Current portion of long-term debt 62,500 55,000
Total current liabilities 2,258,276 2,045,361
Long-term debt less unamortized discount and debt issuance costs 1,566,409 1,500,343
Operating lease liabilities 173,717 167,855
Deferred income taxes, net 323,558 328,277
Other liabilities 295,580 230,706
Shareholders’ Equity:    
Common stock, par value $0.10 per share; authorized 560,000 shares; issued 299,151 shares and outstanding 283,658 shares at 2020, issued 297,106 shares and outstanding 281,655 shares at 2019 - in thousands. 29,915 29,711
Additional paid-in capital 749,285 716,049
Treasury stock, at cost at 15,493 shares at 2020, 15,451 shares at 2019, respectively - in thousands (537,672) (536,243)
Retained earnings 3,341,990 3,140,762
Total shareholders’ equity 3,583,518 3,350,279
Total liabilities and shareholders’ equity $ 8,201,058 $ 7,622,821