Condensed Consolidated Balance Sheets (Unaudited) Statement - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
ASSETS
Fixed-maturities available for sale—at fair value (amortized cost $2,614,680 and $1,893,356)	$ 2,711,395	$ 1,865,461
Equity securities available for sale—at fair value (cost $500 and $75,538)	500	75,430
Trading securities—at fair value	1,123,038	1,279,137
Short-term investments—at fair value	800,465	1,076,944
Other invested assets	1,516	1,714
Total investments	4,636,914	4,298,686
Cash	55,062	46,898
Restricted cash	9,298	13,000
Accounts and notes receivable	77,170	61,734
Deferred income taxes, net (Note 9)	444,513	577,945
Goodwill and other intangible assets, net (Note 6)	282,703	289,417
Prepaid reinsurance premium	229,231	40,491
Other assets (Note 8)	332,372	313,929
Total assets	6,067,263	5,642,100
LIABILITIES AND STOCKHOLDERS’ EQUITY
Unearned premiums	677,599	680,300
Reserve for losses and loss adjustment expense (“LAE”) (Note 10)	848,379	976,399
Long-term debt (Note 11)	1,278,051	1,219,454
Reinsurance funds withheld (Note 1)	163,360	0
Other liabilities	294,507	269,016
Total liabilities	3,261,896	3,145,169
Commitments and contingencies (Note 12)
Stockholders’ equity
Common stock: par value $.001 per share; 485,000,000 shares authorized at June 30, 2016 and December 31, 2015; 231,844,615 and 224,432,465 shares issued at June 30, 2016 and December 31, 2015, respectively; 214,283,918 and 206,871,768 shares outstanding at June 30, 2016 and December 31, 2015, respectively	232	224
Treasury stock, at cost: 17,560,697 shares at June 30, 2016 and December 31, 2015	(893,176)	(893,176)
Additional paid-in capital	2,781,136	2,716,618
Retained earnings	855,070	691,742
Accumulated other comprehensive income (loss) (“AOCI”) (Note 14)	62,105	(18,477)
Total stockholders’ equity	2,805,367	2,496,931
Total liabilities and stockholders’ equity	$ 6,067,263	$ 5,642,100