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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2019
Dec. 31, 2018
Investments    
Fixed maturities available for sale, at fair value (amortized cost: 2019 — $2,905,928; 2018 — $2,638,950) $ 2,982,009 $ 2,605,666
Short-term investments available for sale, at fair value (amortized cost: 2019 — $252,602; 2018 — $154,400) 252,604 154,400
Total investments available for sale 3,234,613 2,760,066
Other invested assets 75,273 30,952
Total investments 3,309,886 2,791,018
Cash 49,582 64,946
Accrued investment income 18,527 17,627
Accounts receivable 40,221 36,881
Deferred policy acquisition costs 16,003 16,049
Property and equipment (at cost, less accumulated depreciation of $56,638 in 2019 and $53,870 in 2018) 16,792 7,629
Prepaid federal income tax 246,885 202,385
Other assets 24,158 13,436
Total assets 3,722,054 3,149,971
Liabilities    
Reserve for losses and LAE 61,436 49,464
Unearned premium reserve 290,065 295,467
Net deferred tax liability 236,644 172,642
Credit facility borrowings (at carrying value, less unamortized deferred costs of $906 in 2019 and $1,336 in 2018) 224,094 223,664
Other accrued liabilities 54,645 43,017
Total liabilities 866,884 784,254
Commitments and contingencies (see Note 7)
Stockholders’ Equity    
Common shares, $0.015 par value: Authorized - 233,333; issued and outstanding - 98,385 shares in 2019 and 98,139 shares in 2018 1,476 1,472
Additional paid-in capital 1,114,586 1,110,800
Accumulated other comprehensive income (loss) 62,727 (28,993)
Retained earnings 1,676,381 1,282,438
Total stockholders’ equity 2,855,170 2,365,717
Total liabilities and stockholders’ equity $ 3,722,054 $ 3,149,971