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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2022
Dec. 31, 2021
Assets    
Fixed-maturities available for sale—at fair value (amortized cost of $5,535,532 and $5,367,729) $ 4,909,232 $ 5,517,078
Trading securities—at fair value (amortized cost of $146,446 and $234,382) 139,901 256,546
Equity securities—at fair value (cost of $162,320 and $176,229) 145,155 184,245
Short-term investments—at fair value (includes $85,777 and $48,652 of reinvested cash collateral held under securities lending agreements) 392,514 551,508
Other invested assets—at fair value 5,079 4,165
Total investments 5,591,881 6,513,542
Cash 54,701 151,145
Restricted cash 1,107 1,475
Accrued investment income 38,596 32,812
Accounts and notes receivable 174,041 124,016
Reinsurance recoverables (includes $12 and $51 for paid losses) 30,569 67,896
Deferred policy acquisition costs 17,920 16,317
Property and equipment, net 75,740 75,086
Goodwill and other acquired intangible assets, net (Note 7) 16,873 19,593
Prepaid federal income taxes (Note 10) 526,123 354,123
Other assets (Note 9) 458,292 483,180
Total assets 6,985,843 7,839,185
Liabilities    
Unearned premiums 285,290 329,090
Reserve for losses and LAE (Note 11) 483,664 828,642
Senior notes (Note 12) 1,412,473 1,409,473
FHLB advances (Note 12) 153,550 150,983
Reinsurance funds withheld 218,777 228,078
Net deferred tax liability (Note 10) 335,374 337,509
Other liabilities 358,665 296,614
Total liabilities 3,247,793 3,580,389
Commitments and contingencies (Note 13)
Stockholders’ equity    
Common stock ($0.001 par value; 485,000 shares authorized; 2022: 176,497 and 157,058 shares issued and outstanding, respectively; 2021: 194,408 and 175,421 shares issued and outstanding, respectively) 176 194
Treasury stock, at cost (2022: 19,440 shares; 2021: 18,987 shares) (930,396) (920,798)
Additional paid-in capital 1,513,615 1,878,372
Retained earnings 3,656,870 3,180,935
Accumulated other comprehensive income (loss) (Note 15) (502,215) 120,093
Total stockholders’ equity 3,738,050 4,258,796
Total liabilities and stockholders’ equity $ 6,985,843 $ 7,839,185