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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2021
Dec. 31, 2020
Investments    
Total investments available for sale $ 4,746,328 $ 4,565,373
Other invested assets 145,310 88,904
Total investments 4,891,638 4,654,277
Cash 142,140 102,830
Accrued investment income 24,468 19,948
Accounts receivable 53,127 50,140
Deferred policy acquisition costs 14,070 17,005
Property and equipment (at cost, less accumulated depreciation of $62,690 in 2021 and $60,967 in 2020) 12,989 15,095
Prepaid federal income tax 332,886 302,636
Other assets 50,471 40,793
Total assets 5,521,789 5,202,724
Liabilities    
Reserve for losses and LAE 421,872 374,941
Unearned premium reserve 220,580 250,436
Net deferred tax liability 343,098 305,109
Credit facility borrowings (at carrying value, less unamortized deferred costs of $2,684 in 2021 and $3,280 in 2020) 322,316 321,720
Other accrued liabilities 129,095 87,885
Total liabilities 1,436,961 1,340,091
Commitments and contingencies (see Note 7)
Stockholders’ Equity    
Common shares, $0.015 par value: Authorized - 233,333; issued and outstanding - 112,481 shares in 2021 and 112,423 shares in 2020 1,687 1,686
Additional paid-in capital 1,558,142 1,571,163
Accumulated other comprehensive income 115,431 138,274
Retained earnings 2,409,568 2,151,510
Total stockholders’ equity 4,084,828 3,862,633
Total liabilities and stockholders’ equity 5,521,789 5,202,724
Fixed maturities available for sale, at fair value (amortized cost: 2021 — $4,253,267; 2020 — $3,677,815)    
Investments    
Total investments available for sale 4,374,008 3,838,513
Short-term investments available for sale, at fair value (amortized cost: 2021 — $372,318; 2020 — $726,875)    
Investments    
Total investments available for sale $ 372,320 $ 726,860