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Condensed Consolidated Balance Sheets (Unaudited) Statement - USD ($)
$ in Thousands
Sep. 30, 2016
Dec. 31, 2015
ASSETS    
Fixed-maturities available for sale—at fair value (amortized cost $2,655,791 and $1,893,356) $ 2,757,508 $ 1,865,461
Equity securities available for sale—at fair value (cost $1,330 and $75,538) 1,330 75,430
Trading securities—at fair value 969,657 1,279,137
Short-term investments—at fair value 835,960 1,076,944
Other invested assets 1,293 1,714
Total investments 4,565,748 4,298,686
Cash 46,356 46,898
Restricted cash 10,312 13,000
Accounts and notes receivable 94,692 61,734
Deferred income taxes, net (Note 9) 401,442 577,945
Goodwill and other intangible assets, net (Note 6) 279,400 289,417
Prepaid reinsurance premium 229,754 40,491
Other assets (Note 8) 422,123 313,929
Total assets 6,049,827 5,642,100
Liabilities and Stockholders’ Equity    
Unearned premiums 680,973 680,300
Reserve for losses and loss adjustment expense (“LAE”) (Note 10) 821,934 976,399
Long-term debt (Note 11) 1,067,666 1,219,454
Reinsurance funds withheld (Note 1) 177,147 0
Other liabilities 413,401 269,016
Total liabilities 3,161,121 3,145,169
Commitments and contingencies (Note 12)
Stockholders’ equity    
Common stock: par value $.001 per share; 485,000,000 shares authorized at September 30, 2016 and December 31, 2015; 231,967,395 and 224,432,465 shares issued at September 30, 2016 and December 31, 2015, respectively; 214,405,103 and 206,871,768 shares outstanding at September 30, 2016 and December 31, 2015, respectively 232 224
Treasury stock, at cost: 17,562,292 and 17,560,697 shares at September 30, 2016 and December 31, 2015, respectively (893,197) (893,176)
Additional paid-in capital 2,778,860 2,716,618
Retained earnings 937,338 691,742
Accumulated other comprehensive income (loss) (“AOCI”) (Note 14) 65,473 (18,477)
Total stockholders’ equity 2,888,706 2,496,931
Total liabilities and stockholders’ equity $ 6,049,827 $ 5,642,100