XML 16 R4.htm IDEA: XBRL DOCUMENT v3.21.1
CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Thousands
Mar. 31, 2021
Dec. 31, 2020
Current Assets:    
Cash and cash equivalents $ 678,744 $ 817,398
Restricted cash 461,980 454,517
Short-term investments 11,926 18,332
Premiums, commissions and fees receivable 1,153,071 1,099,248
Reinsurance recoverable 26,290 43,469
Prepaid reinsurance premiums 345,031 377,615
Other current assets 115,989 147,670
Total current assets 2,793,031 2,958,249
Fixed assets, net 205,766 201,115
Operating lease assets 180,946 186,998
Goodwill 4,473,042 4,395,918
Amortizable intangible assets, net 1,060,364 1,049,660
Investments 31,734 24,971
Other assets 165,910 149,581
Total assets 8,910,793 8,966,492
Current Liabilities:    
Premiums payable to insurance companies 1,147,507 1,198,529
Losses and loss adjustment reserve 26,290 43,469
Unearned premiums 345,031 377,615
Premium deposits and credits due customers 128,413 102,505
Accounts payable 245,822 190,497
Accrued expenses and other liabilities 277,919 371,737
Current portion of long-term debt 70,000 70,000
Total current liabilities 2,240,982 2,354,352
Long-term debt less unamortized discount and debt issuance costs 2,009,100 2,025,906
Operating lease liabilities 166,997 172,935
Deferred income taxes, net 359,629 344,222
Other liabilities 303,088 314,854
Shareholders’ Equity:    
Common stock, par value $0.10 per share; authorized 560,000 shares; issued 300,223 shares and outstanding 281,980 shares at 2021, issued 299,689 shares and outstanding 283,004 shares at 2020 30,022 29,969
Additional paid-in capital 772,866 794,909
Treasury stock, at cost at 18,243 shares at 2021, 16,685 shares at 2020, respectively (661,358) (591,338)
Accumulated other comprehensive loss (4,990)  
Retained earnings 3,694,457 3,520,683
Total shareholders’ equity 3,830,997 3,754,223
Total liabilities and shareholders’ equity $ 8,910,793 $ 8,966,492