XML 26 R86.htm IDEA: XBRL DOCUMENT v3.3.0.814
Supplemental Guarantor Information - Condensed Consolidating Balance Sheet (Details) - USD ($)
$ in Thousands
Sep. 30, 2015
Dec. 31, 2014
Sep. 30, 2014
Dec. 31, 2013
Assets        
Equity securities $ 1,289,840 $ 1,177,796    
Debt securities 737,039 569,648    
Other investments, at fair value 52,882 83,394    
Total investments in securities and commodities 2,079,761 1,830,838    
Cash and cash equivalents 10,819 28,734 $ 32,693 $ 31,625
Restricted cash and cash equivalents 604,428 417,307    
Investment in subsidiaries 0 0    
Due from brokers 303,597 58,241    
Securities purchased under an agreement to sell 0 29,852    
Derivative assets, at fair value 27,337 21,130    
Interest and dividends receivable 10,030 2,602    
Reinsurance balances receivable 314,693 303,649    
Deferred acquisition costs, net 192,451 155,901    
Unearned premiums ceded 808 0    
Loss and loss adjustment expenses recoverable 184 814 1,412 9,277
Other assets 14,231 3,512    
Amounts due from (to) affiliates 0 0    
Total assets 3,558,339 2,852,580    
Liabilities        
Accounts payable and accrued expenses 12,298 10,085    
Reinsurance balances payable 34,833 27,040    
Deposit liabilities 167,210 145,430   120,946
Unearned premium reserves 567,565 433,809    
Loss and loss adjustment expense reserves 420,649 277,362    
Securities sold, not yet purchased, at fair value 172,074 82,485    
Due to brokers 695,019 312,609    
Derivative liabilities, at fair value 22,495 11,015    
Interest and dividends payable 1,673 697    
Senior notes payable, net of deferred costs 113,332 0    
Total liabilities 2,207,148 1,300,532    
Shareholders’ equity        
Common shares 10,548 10,447    
Additional paid-in capital 1,078,327 1,065,489    
Retained earnings 246,394 375,977    
Shareholders’ equity attributable to shareholders 1,335,269 1,451,913    
Non-controlling interests 15,922 100,135    
Total shareholders’ equity 1,351,191 1,552,048 1,543,638  
Total liabilities and shareholders’ equity 3,558,339 2,852,580    
Eliminations        
Assets        
Equity securities 0 0    
Debt securities 0 0    
Other investments, at fair value 0 0    
Total investments in securities and commodities 0 0    
Cash and cash equivalents 0 0 0 0
Restricted cash and cash equivalents 0 0    
Investment in subsidiaries (1,751,521) (1,451,060)    
Due from brokers 0 0    
Securities purchased under an agreement to sell   0    
Derivative assets, at fair value 0 0    
Interest and dividends receivable 0 0    
Reinsurance balances receivable 0 0    
Deferred acquisition costs, net 0 0    
Unearned premiums ceded 0      
Loss and loss adjustment expenses recoverable 0 0    
Other assets 0 0    
Amounts due from (to) affiliates 0 0    
Total assets (1,751,521) (1,451,060)    
Liabilities        
Accounts payable and accrued expenses 0 0    
Reinsurance balances payable 0 0    
Deposit liabilities 0 0    
Unearned premium reserves 0 0    
Loss and loss adjustment expense reserves 0 0    
Securities sold, not yet purchased, at fair value 0 0    
Due to brokers 0 0    
Derivative liabilities, at fair value 0 0    
Interest and dividends payable 0 0    
Senior notes payable, net of deferred costs 0      
Total liabilities 0 0    
Shareholders’ equity        
Common shares (1,250) (1,251)    
Additional paid-in capital (1,666,405) (1,072,671)    
Retained earnings (83,866) (377,138)    
Shareholders’ equity attributable to shareholders (1,751,521) (1,451,060)    
Non-controlling interests 0 0    
Total shareholders’ equity (1,751,521) (1,451,060)    
Total liabilities and shareholders’ equity (1,751,521) (1,451,060)    
Parent Guarantor | Reportable Legal Entities        
Assets        
Equity securities 0 0    
Debt securities 0 0    
Other investments, at fair value 0 0    
Total investments in securities and commodities 0 0    
Cash and cash equivalents 2,517 140 492 294
Restricted cash and cash equivalents 0 0    
Investment in subsidiaries 1,336,802 1,451,060    
Due from brokers 0 0    
Securities purchased under an agreement to sell   0    
Derivative assets, at fair value 0 0    
Interest and dividends receivable 0 0    
Reinsurance balances receivable 0 0    
Deferred acquisition costs, net 0 0    
Unearned premiums ceded 0      
Loss and loss adjustment expenses recoverable 0 0    
Other assets 792 600    
Amounts due from (to) affiliates (41) 1,339    
Total assets 1,340,070 1,453,139    
Liabilities        
Accounts payable and accrued expenses 4,801 1,226    
Reinsurance balances payable 0 0    
Deposit liabilities 0 0    
Unearned premium reserves 0 0    
Loss and loss adjustment expense reserves 0 0    
Securities sold, not yet purchased, at fair value 0 0    
Due to brokers 0 0    
Derivative liabilities, at fair value 0 0    
Interest and dividends payable 0 0    
Senior notes payable, net of deferred costs 0      
Total liabilities 4,801 1,226    
Shareholders’ equity        
Common shares 10,548 10,447    
Additional paid-in capital 1,078,327 1,065,489    
Retained earnings 246,394 375,977    
Shareholders’ equity attributable to shareholders 1,335,269 1,451,913    
Non-controlling interests 0 0    
Total shareholders’ equity 1,335,269 1,451,913    
Total liabilities and shareholders’ equity 1,340,070 1,453,139    
Issuer of Debt | Reportable Legal Entities        
Assets        
Equity securities 0 0    
Debt securities 0 0    
Other investments, at fair value 0 0    
Total investments in securities and commodities 0 0    
Cash and cash equivalents 28 0 0 0
Restricted cash and cash equivalents 0 0    
Investment in subsidiaries 255,462 0    
Due from brokers 0 0    
Securities purchased under an agreement to sell   0    
Derivative assets, at fair value 0 0    
Interest and dividends receivable 0 0    
Reinsurance balances receivable 0 0    
Deferred acquisition costs, net 0 0    
Unearned premiums ceded 0      
Loss and loss adjustment expenses recoverable 0 0    
Other assets 1,884 666    
Amounts due from (to) affiliates (230) (403)    
Total assets 257,144 263    
Liabilities        
Accounts payable and accrued expenses 55 518    
Reinsurance balances payable 0 0    
Deposit liabilities 0 0    
Unearned premium reserves 0 0    
Loss and loss adjustment expense reserves 0 0    
Securities sold, not yet purchased, at fair value 0 0    
Due to brokers 0 0    
Derivative liabilities, at fair value 0 0    
Interest and dividends payable 1,026 0    
Senior notes payable, net of deferred costs 113,332      
Total liabilities 114,413 518    
Shareholders’ equity        
Common shares 0 0    
Additional paid-in capital 159,257 0    
Retained earnings (16,526) (255)    
Shareholders’ equity attributable to shareholders 142,731 (255)    
Non-controlling interests 0 0    
Total shareholders’ equity 142,731 (255)    
Total liabilities and shareholders’ equity 257,144 263    
Non-Guarantor Subsidiaries | Reportable Legal Entities        
Assets        
Equity securities 1,289,840 1,177,796    
Debt securities 737,039 569,648    
Other investments, at fair value 52,882 83,394    
Total investments in securities and commodities 2,079,761 1,830,838    
Cash and cash equivalents 8,274 28,594 $ 32,201 $ 31,331
Restricted cash and cash equivalents 604,428 417,307    
Investment in subsidiaries 159,257 0    
Due from brokers 303,597 58,241    
Securities purchased under an agreement to sell   29,852    
Derivative assets, at fair value 27,337 21,130    
Interest and dividends receivable 10,030 2,602    
Reinsurance balances receivable 314,693 303,649    
Deferred acquisition costs, net 192,451 155,901    
Unearned premiums ceded 808      
Loss and loss adjustment expenses recoverable 184 814    
Other assets 11,555 2,246    
Amounts due from (to) affiliates 271 (936)    
Total assets 3,712,646 2,850,238    
Liabilities        
Accounts payable and accrued expenses 7,442 8,341    
Reinsurance balances payable 34,833 27,040    
Deposit liabilities 167,210 145,430    
Unearned premium reserves 567,565 433,809    
Loss and loss adjustment expense reserves 420,649 277,362    
Securities sold, not yet purchased, at fair value 172,074 82,485    
Due to brokers 695,019 312,609    
Derivative liabilities, at fair value 22,495 11,015    
Interest and dividends payable 647 697    
Senior notes payable, net of deferred costs 0      
Total liabilities 2,087,934 1,298,788    
Shareholders’ equity        
Common shares 1,250 1,251    
Additional paid-in capital 1,507,148 1,072,671    
Retained earnings 100,392 377,393    
Shareholders’ equity attributable to shareholders 1,608,790 1,451,315    
Non-controlling interests 15,922 100,135    
Total shareholders’ equity 1,624,712 1,551,450    
Total liabilities and shareholders’ equity 3,712,646 $ 2,850,238    
Financial Guarantee | Issuer of Debt        
Condensed Balance Sheet Statements, Captions [Line Items]        
Debt obligation $ 115,000