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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2018
Dec. 31, 2017
Investments    
Fixed maturities, at fair value; cost or amortized cost, $2,178,066 and $2,257,188, respectively $ 2,155,693 $ 2,280,242
Equity investments, at fair value; cost, $474,306 and $425,942, respectively 496,026 470,609
Short-term investments 212,945 432,126
Business owned life insurance 63,017 62,113
Investment in unconsolidated subsidiaries 390,214 330,591
Other investments, $33,020 and $52,301 at fair value, respectively, otherwise at cost or amortized cost 35,909 110,847
Total Investments 3,353,804 3,686,528
Cash and cash equivalents 66,715 134,495
Premiums receivable 279,645 238,085
Receivable from reinsurers on paid losses and loss adjustment expenses 10,035 7,317
Receivable from reinsurers on unpaid losses and loss adjustment expenses 324,168 335,585
Prepaid reinsurance premiums 50,478 39,916
Deferred policy acquisition costs 52,193 50,261
Deferred tax asset, net 18,196 9,930
Real estate, net 31,316 31,975
Intangible assets, net 79,864 82,952
Goodwill 210,725 210,725
Other assets 106,325 101,428
Total Assets 4,583,464 4,929,197
Policy liabilities and accruals    
Reserve for losses and loss adjustment expenses 2,078,817 2,048,381
Unearned premiums 421,065 398,884
Reinsurance premiums payable 51,569 37,726
Total Policy Liabilities 2,551,451 2,484,991
Other liabilities 169,126 437,600
Debt less debt issuance costs 288,271 411,811
Total Liabilities 3,008,848 3,334,402
Shareholders' Equity    
Common shares, par value $0.01 per share, 100,000,000 shares authorized, 62,986,474 and 62,824,523 shares issued, respectively 630 628
Additional paid-in capital 383,001 383,077
Accumulated other comprehensive income (loss), net of deferred tax expense (benefit) of ($4,027) and $5,218, respectively (16,143) 14,911
Retained earnings 1,625,137 1,614,186
Treasury shares, at cost, 9,367,545 shares and 9,367,502 shares, respectively (418,009) (418,007)
Total Shareholders' Equity 1,574,616 1,594,795
Total Liabilities and Shareholders' Equity $ 4,583,464 $ 4,929,197