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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Assets    
Fixed maturities, at fair value (amortized cost: 2023, $16,604,693; 2022 $14,925,319) $ 15,090,056 $ 13,021,914
Short-term investments, at fair value (amortized cost: 2023, $1,032,895; 2022, $536,139) 1,020,257 523,510
Equities, at fair value (cost: 2023, $532,484; 2022, $586,107) 917,170 929,886
Investments in real estate 56,188 57,984
Other invested assets 3,464,839 3,355,106
Total investments 20,548,510 17,888,400
Cash and cash equivalents (restricted: 2023, $97,620; 2022: $137,782) 1,097,423 1,251,596
Accrued investment income 122,107 103,752
Reinsurance balances receivable (1) [1] 3,377,324 3,342,612
Reinsurance recoverable on paid and unpaid losses 1,921,231 1,947,786
Prepaid reinsurance premiums 215,611 247,276
Funds held by reinsured companies 450,454 471,570
Deferred acquisition costs 1,020,704 1,012,067
Market risk benefit assets, at fair value 144,636 131,186
Deposit assets 164,189 81,053
Net tax assets 563,368 160,634
Goodwill 456,380 456,380
Intangible assets 81,913 89,769
Other assets 324,639 203,119
Total assets 30,488,489 27,387,200
Liabilities    
Non-life reserves (1) [1] 13,151,309 12,725,631
Life and health reserves (1) [1] 2,859,257 2,497,519
Market risk benefit liabilities, at fair value 5,062 9,170
Unearned premiums (1) [1] 2,741,755 2,745,371
Other reinsurance balances payable (1) [1] 655,240 632,336
Debt 1,883,585 1,848,003
Deposit liabilities 6,009 4,681
Net tax liabilities 57,584 38,576
Accounts payable, accrued expenses and other 704,267 488,594
Total liabilities 22,064,068 20,989,881
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: 8,000,000 shares; aggregate liquidation value: $200,000) 8,000 8,000
Additional paid-in capital 1,929,934 1,929,934
Accumulated other comprehensive income 7,527 70,879
Retained earnings 6,478,960 4,388,506
Total shareholders’ equity 8,424,421 6,397,319
Total liabilities and shareholders’ equity $ 30,488,489 $ 27,387,200
[1] See Note 21 for additional information regarding related party transactions.