Condensed Consolidated Balance Sheets (Unaudited) Statement (USD $) In Thousands, unless otherwise specified	Sep. 30, 2014	Dec. 31, 2013
ASSETS
Fixed-maturities held to maturity—at amortized cost (fair value $50 and $351)	$ 50	$ 358
Fixed-maturities available for sale—at fair value (amortized cost $448,155 and $120,385)	450,670	120,553
Equity securities available for sale—at fair value (cost $78,106 and $78,106)	144,593	135,168
Trading securities—at fair value	2,479,496	3,117,429
Short-term investments—at fair value	1,778,433	1,429,228
Other invested assets—(including variable interest entity (“VIE”) assets at fair value of $82,502 and $81,000)	122,159	128,421
Total investments	4,975,401	4,931,157
Cash	31,908	23,858
Restricted cash	16,509	22,527
Deferred policy acquisition costs	60,140	66,926
Accrued investment income	26,043	30,264
Accounts and notes receivable	93,644	75,106
Property and equipment, at cost (less accumulated depreciation of $104,503 and $101,625)	22,077	10,516
Derivative assets	24,213	16,642
Deferred income taxes, net	0	17,902
Reinsurance recoverables	23,335	46,846
Goodwill and other intangible assets, net	293,632	2,300
Other assets (including VIE other assets of $88,219 and $92,023)	392,789	377,647
Total assets	5,959,691	5,621,691
LIABILITIES AND STOCKHOLDERS’ EQUITY
Unearned premiums	796,742	768,871
Reserve for losses and loss adjustment expense (“LAE”)	1,620,351	2,185,421
Long-term debt	1,201,069	930,072
VIE debt—at fair value	91,232	94,645
Derivative liabilities (including VIE derivative liabilities of $46,653 and $68,457)	185,258	307,185
Other liabilities (including VIE accounts payable of $221 and $254)	330,638	395,852
Total liabilities	4,225,290	4,682,046
Commitments and Contingencies (Note 16)
Stockholders’ equity
Common stock: par value $.001 per share; 485,000,000 shares authorized at September 30, 2014 and December 31, 2013, respectively; 208,597,427 and 190,636,972 shares issued at September 30, 2014 and December 31, 2013, respectively; 191,049,937 and 173,099,515 shares outstanding at September 30, 2014 and December 31, 2013, respectively	209	191
Treasury stock, at cost: 17,547,490 and 17,537,457 shares at September 30, 2014 and December 31, 2013, respectively	(892,961)	(892,807)
Additional paid-in capital	2,599,183	2,347,104
Retained deficit	(21,044)	(552,226)
Accumulated other comprehensive income (“AOCI”)	49,014	37,383
Total stockholders’ equity	1,734,401	939,645
Total liabilities and stockholders’ equity	$ 5,959,691	$ 5,621,691