XML 24 R2.htm IDEA: XBRL DOCUMENT v3.7.0.1
Condensed Consolidated Balance Sheets (Unaudited) Statement - USD ($)
$ in Thousands
Jun. 30, 2017
Dec. 31, 2016
ASSETS    
Fixed-maturities available for sale—at fair value (amortized cost $3,129,901 and $2,856,468) $ 3,158,843 $ 2,838,512
Equity securities available for sale—at fair value (cost $176,930 and $1,330) 176,808 1,330
Trading securities—at fair value 708,788 879,862
Short-term investments—at fair value 538,620 741,531
Other invested assets 783 1,195
Total investments 4,583,842 4,462,430
Cash 56,918 52,149
Restricted cash 25,486 9,665
Accounts and notes receivable 78,540 77,631
Deferred income taxes, net (Note 9) 389,759 411,798
Goodwill and other intangible assets, net (Note 6) 69,857 276,228
Prepaid reinsurance premium 235,349 229,438
Other assets (Note 8) 377,355 343,835
Total assets 5,817,106 5,863,174
Liabilities and Stockholders’ Equity    
Unearned premiums 702,210 681,222
Reserve for losses and loss adjustment expense (“LAE”) (Note 10) 651,591 760,269
Long-term debt (Note 11) 989,010 1,069,537
Reinsurance funds withheld 180,991 158,001
Other liabilities 379,144 321,859
Total liabilities 2,902,946 2,990,888
Commitments and contingencies (Note 12)
Equity component of currently redeemable convertible senior notes (Note 11) 16 0
Stockholders’ equity    
Common stock: par value $.001 per share; 485,000,000 shares authorized at June 30, 2017 and December 31, 2016; 232,757,360 and 232,091,921 shares issued at June 30, 2017 and December 31, 2016, respectively; 215,174,898 and 214,521,079 shares outstanding at June 30, 2017 and December 31, 2016, respectively 233 232
Treasury stock, at cost: 17,582,462 and 17,570,842 shares at June 30, 2017 and December 31, 2016, respectively (893,531) (893,332)
Additional paid-in capital 2,743,872 2,779,891
Retained earnings 1,045,453 997,890
Accumulated other comprehensive income (loss) (“AOCI”) (Note 14) 18,117 (12,395)
Total stockholders’ equity 2,914,144 2,872,286
Total liabilities and stockholders’ equity $ 5,817,106 $ 5,863,174