XML 19 R2.htm IDEA: XBRL DOCUMENT v3.20.2
Condensed Consolidated Balance Sheets (Unaudited) Statement - USD ($)
$ in Thousands
Jun. 30, 2020
Dec. 31, 2019
ASSETS    
Fixed-maturities available for sale—at fair value, net of allowance for credit losses of $2,476 as of June 30, 2020 (amortized cost of $4,804,453 and $4,549,534) $ 5,070,091 $ 4,688,911
Trading securities—at fair value (amortized cost of $266,940 and $297,505) 297,609 317,150
Equity securities—at fair value (cost of $110,719 and $125,311) 104,513 130,221
Short-term investments—at fair value (includes $8,727 and $25,561 of reinvested cash collateral held under securities lending agreements) 955,090 518,393
Other invested assets—at fair value 4,047 4,072
Investments, Total 6,431,350 5,658,747
Cash 68,387 92,729
Restricted cash 16,279 3,545
Accounts and notes receivable 110,722 93,630
Goodwill and other acquired intangible assets, net (Note 6) 26,229 28,187
Prepaid reinsurance premium 330,476 363,856
Other assets (Note 8) 585,866 567,619
Assets, Total 7,569,309 6,808,313
Liabilities and Stockholders’ Equity    
Unearned premiums 561,280 626,822
Reserve for losses and loss adjustment expense (Note 10) 738,885 404,765
Senior notes (Note 11) 1,403,857 887,110
FHLB advances (Note 11) 175,122 134,875
Reinsurance funds withheld 312,350 291,829
Other Liabilities 391,810 414,189
Total liabilities 3,583,304 2,759,590
Stockholders’ equity    
Common stock: par value $0.001 per share; 485,000 shares authorized at June 30, 2020 and December 31, 2019; 209,997 and 219,123 shares issued at June 30, 2020 and December 31, 2019, respectively; 191,492 and 201,164 shares outstanding at June 30, 2020 and December 31, 2019, respectively 210 219
Treasury stock, at cost: 18,505 and 17,959 shares at June 30, 2020 and December 31, 2019, respectively (909,738) (901,657)
Additional paid-in capital 2,232,949 2,449,884
Retained earnings 2,450,423 2,389,789
Accumulated other comprehensive income (loss) (Note 14) 212,161 110,488
Total stockholders’ equity 3,986,005 4,048,723
Total liabilities and stockholders’ equity 7,569,309 6,808,313
Equity Securities, FV-NI, Cost 110,719 125,311
Debt Securities, Trading, Amortized Cost 266,940 297,505
Fixed-maturities available for sale—at amortized cost 4,804,453 $ 4,549,534
Debt Securities, Available-for-sale, Allowance for Credit Loss $ (2,476)  
Common Stock, Par or Stated Value Per Share $ 0.001 $ 0.001
Common Stock, Shares Authorized 485,000,000 485,000,000
Common Stock, Shares, Issued 209,997,000 219,123,000
Common Stock, Shares, Outstanding 191,492,000 201,164,000
Treasury Stock, Shares 18,505,000 17,959,000
Reinvested Cash Collateral Held Under Securities Lending Agreements $ 8,727 $ 25,561