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Condensed Consolidated Balance Sheets (Unaudited) Statement - USD ($)
$ in Thousands
Mar. 31, 2017
Dec. 31, 2016
ASSETS    
Fixed-maturities available for sale—at fair value (amortized cost $2,941,528 and $2,856,468) $ 2,937,415 $ 2,838,512
Equity securities available for sale—at fair value (cost $1,330 and $1,330) 1,330 1,330
Trading securities—at fair value 811,313 879,862
Short-term investments—at fair value 686,685 741,531
Other invested assets 973 1,195
Total investments 4,437,716 4,462,430
Cash 73,701 52,149
Restricted cash 12,689 9,665
Accounts and notes receivable 73,794 77,631
Deferred income taxes, net (Note 9) 369,209 411,798
Goodwill and other intangible assets, net (Note 6) 273,068 276,228
Prepaid reinsurance premium 230,148 229,438
Other assets (Note 8) 357,435 343,835
Total assets 5,827,760 5,863,174
Liabilities and Stockholders’ Equity    
Unearned premiums 684,797 681,222
Reserve for losses and loss adjustment expense (“LAE”) (Note 10) 726,169 760,269
Long-term debt (Note 11) 1,008,777 1,069,537
Reinsurance funds withheld 167,427 158,001
Other liabilities 319,282 321,859
Total liabilities 2,906,452 2,990,888
Commitments and contingencies (Note 12)
Equity component of currently redeemable convertible senior notes (Note 11) 883 0
Stockholders’ equity    
Common stock: par value $.001 per share; 485,000,000 shares authorized at March 31, 2017 and December 31, 2016; 232,663,818 and 232,091,921 shares issued at March 31, 2017 and December 31, 2016, respectively; 215,090,781 and 214,521,079 shares outstanding at March 31, 2017 and December 31, 2016, respectively 233 232
Treasury stock, at cost: 17,573,037 and 17,570,842 shares at March 31, 2017 and December 31, 2016, respectively (893,372) (893,332)
Additional paid-in capital 2,743,594 2,779,891
Retained earnings 1,073,333 997,890
Accumulated other comprehensive income (loss) (“AOCI”) (Note 14) (3,363) (12,395)
Total stockholders’ equity 2,920,425 2,872,286
Total liabilities and stockholders’ equity $ 5,827,760 $ 5,863,174