Condensed Consolidated Balance Sheets (Unaudited) Statement - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
ASSETS
Fixed-maturities available for sale—at fair value (amortized cost $2,487,445 and $1,893,356)	$ 2,523,335	$ 1,865,461
Equity securities available for sale—at fair value (cost $500 and $75,538)	500	75,430
Trading securities—at fair value	1,209,089	1,279,137
Short-term investments—at fair value	735,666	1,076,944
Other invested assets	1,582	1,714
Total investments	4,470,172	4,298,686
Cash	64,844	46,898
Restricted cash	10,060	13,000
Accounts and notes receivable	66,340	61,734
Deferred income taxes, net (Note 12)	518,059	577,945
Goodwill and other intangible assets, net (Note 6)	286,069	289,417
Prepaid reinsurance premium	228,718	40,491
Other assets (Note 8)	325,129	313,929
Total assets	5,969,391	5,642,100
LIABILITIES AND STOCKHOLDERS’ EQUITY
Unearned premiums	673,887	680,300
Reserve for losses and loss adjustment expense (“LAE”) (Note 9)	891,348	976,399
Long-term debt (Note 10)	1,286,466	1,219,454
Reinsurance funds withheld (Note 1)	151,104	0
Other liabilities	306,188	269,016
Total liabilities	$ 3,308,993	$ 3,145,169
Commitments and Contingencies (Note 15)
Stockholders’ equity
Common stock: par value $.001 per share; 485,000,000 shares authorized at March 31, 2016 and December 31, 2015; 231,825,865 and 224,432,465 shares issued at March 31, 2016 and December 31, 2015, respectively; 214,265,168 and 206,871,768 shares outstanding at March 31, 2016 and December 31, 2015, respectively	$ 232	$ 224
Treasury stock, at cost: 17,560,697 shares at March 31, 2016 and December 31, 2015	(893,176)	(893,176)
Additional paid-in capital	2,773,349	2,716,618
Retained earnings	757,202	691,742
Accumulated other comprehensive income (loss) (“AOCI”) (Note 11)	22,791	(18,477)
Total stockholders’ equity	2,660,398	2,496,931
Total liabilities and stockholders’ equity	$ 5,969,391	$ 5,642,100