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Condensed Consolidated Balance Sheets (Unaudited) Statement - USD ($)
$ in Thousands
Sep. 30, 2015
Dec. 31, 2014
ASSETS    
Fixed-maturities available for sale—at fair value (amortized cost $1,507,522 and $528,660) $ 1,496,328 $ 536,890
Equity securities available for sale—at fair value (cost $573 and $76,900) 985 143,368
Trading securities—at fair value 1,414,757 1,633,584
Short-term investments—at fair value 1,460,918 1,300,872
Other invested assets 3,783 14,585
Total investments 4,376,771 3,629,299
Cash 69,030 30,465
Restricted cash 10,280 14,031
Accounts and notes receivable 65,951 85,792
Deferred income taxes, net (Note 12) 601,893 700,201
Goodwill and other intangible assets, net (Note 6) 287,334 288,240
Other assets (Note 8) 349,657 357,864
Assets held for sale (Note 2) 0 1,736,444 [1]
Total assets 5,760,916 6,842,336
LIABILITIES AND STOCKHOLDERS’ EQUITY    
Unearned premiums 676,938 644,504
Reserve for losses and loss adjustment expense (“LAE”) (Note 9) 1,098,570 1,560,032
Long-term debt (Note 10) 1,230,246 1,192,299
Other liabilities 311,855 326,743
Liabilities held for sale (Note 2) 0 947,008
Total liabilities $ 3,317,609 $ 4,670,586
Commitments and Contingencies (Note 15)
Equity component of currently redeemable convertible senior notes (Note 10) $ 7,737 $ 74,690
Stockholders’ equity    
Common stock: par value $.001 per share; 485,000,000 shares authorized at September 30, 2015 and December 31, 2014, respectively; 224,430,472 and 208,601,020 shares issued at September 30, 2015 and December 31, 2014, respectively; 206,869,775 and 191,053,530 shares outstanding at September 30, 2015 and December 31, 2014, respectively 224 209
Treasury stock, at cost: 17,560,697 and 17,547,490 shares at September 30, 2015 and December 31, 2014, respectively (893,176) (892,961)
Additional paid-in capital 2,718,210 2,531,513
Retained earnings 617,731 406,814
Accumulated other comprehensive (loss) income (“AOCI”) (Note 11) (7,419) 51,485
Total stockholders’ equity 2,435,570 2,097,060
Total liabilities and stockholders’ equity $ 5,760,916 $ 6,842,336
[1] Assets held for sale are not part of the Mortgage Insurance or Services segments.