Condensed Consolidated Balance Sheets (Unaudited) Statement - USD ($) $ in Thousands		Sep. 30, 2017	Dec. 31, 2016
ASSETS
Fixed-maturities available for sale—at fair value (amortized cost $3,218,614 and $2,856,468)		$ 3,256,581	$ 2,838,512
Equity securities available for sale—at fair value (cost $161,159 and $1,330)		161,303	1,330
Trading Securities—at fair value		636,225	879,862
Short-term investments—at fair value (includes $36,782 and $0 of reinvested cash collateral held under securities lending agreements)		491,956	741,531
Other invested assets		599	1,195
Total investments		4,546,664	4,462,430
Cash		61,917	52,149
Restricted cash		36,888	9,665
Accounts and notes receivable		97,020	77,631
Property, Plant and Equipment, Net	[1],[2]	88,119	70,665
Deferred income taxes, net (Note 9)		356,181	411,798
Goodwill and other intangible assets, net (Note 6)		66,967	276,228
Prepaid reinsurance premium		239,620	229,438
Other assets (Note 8)		439,016	343,835
Total assets		5,844,273	5,863,174
Liabilities and Stockholders’ Equity
Unearned premiums		717,589	681,222
Reserve for losses and loss adjustment expense (“LAE”) (Note 10)		556,488	760,269
Long-term debt (Note 11)		1,026,806	1,069,537
Reinsurance funds withheld		194,353	158,001
Other liabilities		360,835	321,859
Total liabilities		2,856,071	2,990,888
Commitments and contingencies (Note 12)
Stockholders’ equity
Common stock: par value $.001 per share; 485,000,000 shares authorized at September 30, 2017 and December 31, 2016; 232,894,636 and 232,091,921 shares issued at September 30, 2017 and December 31, 2016, respectively; 215,298,551 and 214,521,079 shares outstanding at September 30, 2017 and December 31, 2016, respectively		233	232
Treasury stock, at cost: 17,596,085 and 17,570,842 shares at September 30, 2017 and December 31, 2016, respectively		(893,754)	(893,332)
Additional paid-in capital		2,747,393	2,779,891
Retained earnings		1,110,057	997,890
Accumulated other comprehensive income (loss) (“AOCI”) (Note 14)		24,273	(12,395)
Total stockholders’ equity		2,988,202	2,872,286
Total liabilities and stockholders’ equity		5,844,273	5,863,174
Deferred policy acquisition costs		15,816	14,127
Accrued Investment Income Receivable		$ 31,390	$ 29,255

[1] Includes $45.0 million and $49.7 million at September 30, 2017 and December 31, 2016, respectively, related to our technology upgrade project and $15.7 million at September 30, 2017 of leasehold improvements related to our new corporate headquarters.

[2] Property and equipment at cost, less accumulated depreciation of $101.7 million and $118.5 million at September 30, 2017 and December 31, 2016, respectively. Depreciation expense was $4.6 million and $2.9 million for the three-month periods ended September 30, 2017 and 2016, respectively, and $12.8 million and $7.6 million for the nine-month periods ended September 30, 2017 and 2016, respectively.