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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
Assets    
Fixed maturities, at fair value (amortized cost: 2021, $14,181,310; 2020, $12,341,937) $ 14,071,274 $ 12,786,380
Short-term investments, at fair value (amortized cost: 2021, $213,047; 2020, $416,059) 205,146 416,350
Equities, at fair value (cost: 2021, $903,314; 2020, $847,066) 1,751,584 1,496,441
Investments in real estate 67,539 67,980
Other invested assets 3,601,245 2,967,738
Total investments 19,696,788 17,734,889
Cash and cash equivalents 660,897 2,350,833
Accrued investment income 94,997 92,058
Reinsurance balances receivable 3,063,153 3,118,870
Reinsurance recoverable on paid and unpaid losses 1,787,493 901,063
Prepaid reinsurance premiums 216,338 115,986
Funds held by reinsured companies 561,576 704,768
Deferred acquisition costs 920,779 819,971
Deposit assets 109,528 139,818
Net tax assets 154,472 182,077
Goodwill 456,380 456,380
Intangible assets 98,818 107,669
Other assets 208,652 174,193
Total assets 28,029,871 26,898,575
Liabilities    
Non-life reserves 12,047,792 11,395,321
Life and health reserves 2,638,086 2,704,229
Unearned premiums 2,501,161 2,265,214
Other reinsurance balances payable 744,735 482,468
Debt 1,897,499 1,974,731
Deposit liabilities 5,077 5,925
Net tax liabilities 90,974 131,621
Accounts payable, accrued expenses and other 560,561 612,069
Total liabilities 20,485,885 19,571,578
Shareholders’ Equity    
Common shares (par value $0.00000001; issued and outstanding: 100,000,000 shares) 0 0
Preferred shares (par value $1.00; issued and outstanding: 2021, 8,000,000 shares; 2020, 25,489,636 shares; aggregate liquidation value: 2021, $200,000; 2020, $637,241) 8,000 25,490
Additional paid-in capital 1,929,934 2,334,564
Accumulated other comprehensive loss (29,706) (96,005)
Retained earnings 5,635,758 5,062,948
Total shareholders’ equity 7,543,986 7,326,997
Total liabilities and shareholders’ equity $ 28,029,871 $ 26,898,575