Acquisitions (Tables)

12 Months Ended

Dec. 31, 2018

Business Combinations [Abstract]

Summary Of Fair Value Of Assets Acquired And Liabilities Assumed

The following table summarizes the fair values of the assets acquired and liabilities assumed at the acquisition date.

(dollars in thousands)
ASSETS
Investments	$	395,940
Cash and cash equivalents	77,302
Restricted cash and cash equivalents	25,545
Receivables	147,256
Prepaid reinsurance premiums	808,331
Reinsurance recoverables	2,075,734
Other assets	83,721
LIABILITIES
Unpaid losses and loss adjustment expenses	2,086,621
Unearned premiums	825,529
Payables to insurance and reinsurance companies	122,203
Senior long-term debt and other debt	44,500
Other liabilities	365,826
Net assets	169,150
Goodwill	379,150
Intangible assets	370,500
Acquisition date fair value	$	918,800

Summary Of Net Intangible Assets Acquired

The following table summarizes the intangible assets recorded in connection with the acquisition, and as of December 31, 2018.

(dollars in thousands)	Amount		Economic Useful Life
Customer relationships	$	289,000	13 years
Trade names	22,500		13 years
Technology	27,000		Nine years
Insurance licenses	32,000		Indefinite
Intangible assets, before amortization, as of the Acquisition Date	370,500
Amortization (from the Acquisition Date through December 31, 2018)	32,336
Net intangible assets as of December 31, 2018	$	338,164