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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
Assets    
Fixed-maturities available for sale—at fair value (amortized cost of $5,563,766 and $5,367,729) $ 5,401,704 $ 5,517,078
Trading securities—at fair value (amortized cost of $208,912 and $234,382) 218,018 256,546
Equity securities—at fair value (cost of $182,158 and $176,229) 185,803 184,245
Short-term investments—at fair value (includes $40,856 and $48,652 of reinvested cash collateral held under securities lending agreements) 525,460 551,508
Other invested assets—at fair value 3,965 4,165
Total investments 6,334,950 6,513,542
Cash 131,853 151,145
Restricted cash 1,651 1,475
Accrued investment income 35,531 32,812
Accounts and notes receivable 142,579 124,016
Reinsurance recoverables (includes $17 and $51 for paid losses) 55,015 67,896
Deferred policy acquisition costs 16,383 16,317
Property and equipment, net 75,275 75,086
Goodwill and other acquired intangible assets, net (Note 7) 18,744 19,593
Other assets (Note 9) 803,765 837,303
Total assets 7,615,746 7,839,185
Liabilities    
Unearned premiums 312,013 329,090
Reserve for losses and LAE (Note 11) 727,247 828,642
Senior notes (Note 12) 1,410,458 1,409,473
FHLB advances (Note 12) 148,983 150,983
Reinsurance funds withheld 225,363 228,078
Net deferred tax liability (Note 10) 324,004 337,509
Other liabilities 320,114 296,614
Total liabilities 3,468,182 3,580,389
Commitments and contingencies (Note 13)
Stockholders’ equity    
Common stock: par value $0.001 per share; 485,000 shares authorized at March 31, 2022 and December 31, 2021; 193,642 and 194,408 shares issued at March 31, 2022 and December 31, 2021, respectively; 174,648 and 175,421 shares outstanding at March 31, 2022 and December 31, 2021, respectively 193 194
Treasury stock, at cost: 18,994 and 18,987 shares at March 31, 2022 and December 31, 2021, respectively (920,958) (920,798)
Additional paid-in capital 1,871,763 1,878,372
Retained earnings 3,326,119 3,180,935
Accumulated other comprehensive income (loss) (Note 15) (129,553) 120,093
Total stockholders’ equity 4,147,564 4,258,796
Total liabilities and stockholders’ equity $ 7,615,746 $ 7,839,185