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Condensed Consolidated Balance Sheets (Unaudited) Statement - USD ($)
$ in Thousands
Mar. 31, 2020
Dec. 31, 2019
ASSETS    
Fixed-maturities available for sale—at fair value (amortized cost of $4,564,616 and $4,549,534) $ 4,603,613 $ 4,688,911
Trading securities—at fair value (amortized cost of $270,551 and $297,505) 287,270 317,150
Equity securities—at fair value (cost of $86,456 and $125,311) 74,853 130,221
Short-term investments—at fair value (includes $14,808 and $25,561 of reinvested cash collateral held under securities lending agreements) 638,760 518,393
Other invested assets—at fair value 4,131 4,072
Total investments 5,608,627 5,658,747
Cash 54,108 92,729
Restricted cash 7,817 3,545
Accounts and notes receivable 123,381 93,630
Goodwill and other acquired intangible assets, net (Note 6) 27,208 28,187
Prepaid reinsurance premium 356,104 363,856
Other assets (Note 8) 513,187 567,619
Total assets 6,690,432 6,808,313
Liabilities and Stockholders’ Equity    
Unearned premiums 605,045 626,822
Reserve for losses and loss adjustment expense (Note 10) 418,202 404,765
Senior notes (Note 11) 887,584 887,110
FHLB advances (Note 11) 173,760 134,875
Reinsurance funds withheld 302,551 291,829
Other liabilities 438,782 414,189
Total liabilities 2,825,924 2,759,590
Commitments and contingencies (Note 12)
Stockholders’ equity    
Common stock: par value $0.001 per share; 485,000 shares authorized at March 31, 2020 and December 31, 2019; 208,364 and 219,123 shares issued at March 31, 2020 and December 31, 2019, respectively; 190,387 and 201,164 shares outstanding at March 31, 2020 and December 31, 2019, respectively 208 219
Treasury stock, at cost: 17,977 and 17,959 shares at March 31, 2020 and December 31, 2019, respectively (902,024) (901,657)
Additional paid-in capital 2,231,670 2,449,884
Retained earnings 2,504,853 2,389,789
Accumulated other comprehensive income (loss) (Note 14) 29,801 110,488
Total stockholders’ equity 3,864,508 4,048,723
Total liabilities and stockholders’ equity $ 6,690,432 $ 6,808,313