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Consolidated Balance Sheets Statement - USD ($)
$ in Thousands
Dec. 31, 2015
Dec. 31, 2014
Assets    
Fixed-maturities available for sale—at fair value (amortized cost $1,893,356 and $528,660) $ 1,865,461 $ 536,890
Equity securities available for sale—at fair value (cost $75,538 and $76,900) 75,430 143,368
Trading securities—at fair value 1,279,137 1,633,584
Short-term investments—at fair value 1,076,944 1,300,872
Other invested assets 1,714 14,585
Total investments 4,298,686 3,629,299
Cash 46,898 30,465
Restricted cash 13,000 14,031
Accounts and notes receivable 61,734 85,792
Deferred income taxes, net (Note 13) 577,945 700,201
Goodwill and other intangible assets, net (Note 7) 289,417 288,240
Other assets (Note 9) 354,420 357,864
Assets held for sale (Note 3) 0 1,736,444 [1]
Total assets 5,642,100 6,842,336
LIABILITIES AND STOCKHOLDERS’ EQUITY    
Unearned premiums 680,300 644,504
Reserve for losses and loss adjustment expenses (“LAE”) (Note 10) 976,399 1,560,032
Long-term debt (Note 11) 1,219,454 1,192,299
Other liabilities 269,016 326,743
Liabilities held for sale (Note 3) 0 947,008
Total liabilities $ 3,145,169 $ 4,670,586
Commitments and Contingencies (Note 17)
Equity component of currently redeemable convertible senior notes (Note 11) $ 0 $ 74,690
Stockholders’ equity    
Common stock: par value $.001 per share; 485,000,000 shares authorized at December 31, 2015 and 2014; 224,432,465 and 208,601,020 shares issued at December 31, 2015 and 2014, respectively; 206,871,768 and 191,053,530 shares outstanding at December 31, 2015 and 2014, respectively 224 209
Treasury stock, at cost: 17,560,697 and 17,547,490 shares at December 31, 2015 and 2014, respectively (893,176) (892,961)
Additional paid-in capital 2,716,618 2,531,513
Retained earnings 691,742 406,814
Accumulated other comprehensive (loss) income (“AOCI”) (Note 12) (18,477) 51,485
Total stockholders’ equity 2,496,931 2,097,060
Total liabilities and stockholders’ equity $ 5,642,100 $ 6,842,336
[1] Assets held for sale are not part of the Mortgage Insurance or Services segments.