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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2020
Dec. 31, 2019
Investments    
Total investments available for sale $ 4,565,373 $ 3,350,747
Other invested assets 88,904 78,873
Total investments 4,654,277 3,429,620
Cash 102,830 71,350
Accrued investment income 19,948 18,535
Accounts receivable 50,140 40,655
Deferred policy acquisition costs 17,005 15,705
Property and equipment (at cost, less accumulated depreciation of $60,967 in 2020 and $57,639 in 2019) 15,095 17,308
Prepaid federal income tax 302,636 261,885
Other assets 40,793 18,367
Total assets 5,202,724 3,873,425
Liabilities    
Reserve for losses and LAE 374,941 69,362
Unearned premium reserve 250,436 278,887
Net deferred tax liability 305,109 249,620
Credit facility borrowings (at carrying value, less unamortized deferred costs of $3,280 in 2020 and $763 in 2019) 321,720 224,237
Other accrued liabilities 87,885 66,474
Total liabilities 1,340,091 888,580
Commitments and contingencies (see Note 8)
Stockholders' Equity    
Common shares, $0.015 par value: Authorized - 233,333; issued and outstanding - 112,423 shares in 2020 and 98,394 shares in 2019 1,686 1,476
Additional paid-in capital 1,571,163 1,118,655
Accumulated other comprehensive income 138,274 56,187
Retained earnings 2,151,510 1,808,527
Total stockholders' equity 3,862,633 2,984,845
Total liabilities and stockholders' equity 5,202,724 3,873,425
Fixed maturities    
Investments    
Total investments available for sale 3,838,513 3,035,385
Short-term investments    
Investments    
Total investments available for sale $ 726,860 $ 315,362