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Consolidated Balance Sheets Statement - USD ($)
$ in Thousands
Dec. 31, 2017
Dec. 31, 2016
Assets    
Fixed-maturities available for sale—at fair value (amortized cost $3,426,217 and $2,856,468) $ 3,458,719 $ 2,838,512
Equity securities available for sale—at fair value (cost $163,106 and $1,330) 162,830 1,330
Trading Securities, Debt 606,401 879,862
Short-term investments—at fair value (includes $19,357 and $0 of reinvested cash collateral held under securities lending agreements) 415,658 741,531
Other invested assets 334 1,195
Total investments 4,643,942 4,462,430
Cash 80,569 52,149
Restricted cash 15,675 9,665
Accounts and notes receivable 72,558 77,631
Deferred income taxes, net (Note 10) 229,567 411,798
Goodwill and other intangible assets, net (Note 7) 64,212 276,228
Prepaid reinsurance premiums (Note 2) 386,509 229,438
Other assets (Note 9) 407,849 343,835
Total assets 5,900,881 5,863,174
Liabilities and Stockholders’ Equity    
Unearned premiums 723,938 681,222
Reserve for losses and loss adjustment expenses (“LAE”) (Note 11) 507,588 760,269
Long-term debt (Note 12) 1,027,074 1,069,537
Reinsurance funds withheld (Note 2) 288,398 158,001
Other liabilities 353,845 321,859
Total liabilities 2,900,843 2,990,888
Commitments and Contingencies (Note 13)
Stockholders’ equity    
Common stock: par value $.001 per share; 485,000,000 shares authorized at December 31, 2017 and 2016; 233,416,989 and 232,091,921 shares issued at December 31, 2017 and 2016, respectively; 215,814,188 and 214,521,079 shares outstanding at December 31, 2017 and 2016, respectively 233 232
Treasury stock, at cost: 17,602,801 and 17,570,842 shares at December 31, 2017 and 2016, respectively (893,888) (893,332)
Additional paid-in capital 2,754,275 2,779,891
Retained earnings 1,116,333 997,890
Accumulated other comprehensive income (loss) (Note 17) 23,085 (12,395)
Total stockholders’ equity 3,000,038 2,872,286
Total liabilities and stockholders’ equity $ 5,900,881 $ 5,863,174