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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2022
Dec. 31, 2021
Assets    
Fixed-maturities available for sale—at fair value (amortized cost of $5,643,884 and $5,367,729) $ 5,228,744 $ 5,517,078
Trading securities—at fair value (amortized cost of $188,570 and $234,382) 189,441 256,546
Equity securities—at fair value (cost of $156,648 and $176,229) 146,574 184,245
Short-term investments—at fair value (includes $67,107 and $48,652 of reinvested cash collateral held under securities lending agreements) 336,306 551,508
Other invested assets—at fair value 5,082 4,165
Total investments 5,906,147 6,513,542
Cash 135,262 151,145
Restricted cash 561 1,475
Accrued investment income 35,774 32,812
Accounts and notes receivable 166,380 124,016
Reinsurance recoverables (includes $17 and $51 for paid losses) 39,876 67,896
Deferred policy acquisition costs 16,983 16,317
Property and equipment, net 74,874 75,086
Goodwill and other acquired intangible assets, net (Note 7) 17,895 19,593
Prepaid federal income taxes (Note 10) 466,123 354,123
Other assets (Note 9) 414,412 483,180
Total assets 7,274,287 7,839,185
Liabilities    
Unearned premiums 298,991 329,090
Reserve for losses and LAE (Note 11) 594,808 828,642
Senior notes (Note 12) 1,411,458 1,409,473
FHLB advances (Note 12) 184,284 150,983
Reinsurance funds withheld 223,649 228,078
Net deferred tax liability (Note 10) 324,866 337,509
Other liabilities 305,269 296,614
Total liabilities 3,343,325 3,580,389
Commitments and contingencies (Note 13)
Stockholders’ equity    
Common stock: par value $0.001 per share; 485,000 shares authorized at June 30, 2022, and December 31, 2021; 185,822 and 194,408 shares issued at June 30, 2022, and December 31, 2021, respectively; 166,388 and 175,421 shares outstanding at June 30, 2022, and December 31, 2021, respectively 186 194
Treasury stock, at cost: 19,434 and 18,987 shares at June 30, 2022, and December 31, 2021, respectively (930,284) (920,798)
Additional paid-in capital 1,698,490 1,878,372
Retained earnings 3,491,675 3,180,935
Accumulated other comprehensive income (loss) (Note 15) (329,105) 120,093
Total stockholders’ equity 3,930,962 4,258,796
Total liabilities and stockholders’ equity $ 7,274,287 $ 7,839,185