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Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2012
Dec. 31, 2011
Available-for-sale securities at fair value:    
Equity securities (cost: 2012 - $1,436,540; 2011 - $775,741) $ 1,424,014 $ 870,950
Debt securities (amortized cost: 2012 - $15,593,278; 2011 - $2,538,872) 15,999,538 2,679,528
Short-term investments 366,044 1,096,517
Marketable Securities, Total 17,789,596 4,646,995
Other invested assets 537,350 179,815
Total investments 18,326,946 4,826,810
Cash 649,524 84,749
Accrued investment income 165,857 28,879
Premium balances receivable 585,195 147,006
Reinsurance recoverables 1,348,599 [1] 852,845
Ceded unearned premiums 154,980 142,946
Deferred acquisition costs 303,515 70,537
Property and equipment at cost, net of accumulated depreciation and amortization 34,118 17,906
Goodwill 83,447 48,095
Intangible assets, net of amortization 128,773 90,863
Current taxes receivable 79,933  
Net deferred tax assets 532,569 80,975
Other assets 414,511 86,478
Total assets 22,807,967 6,478,089
Liabilities and Stockholders' Equity    
Loss and loss adjustment expenses 12,239,766 2,313,035
Unearned premiums 1,705,342 549,740
Senior Notes 1,811,483 299,035
Reinsurance payable 67,654 45,462
Current taxes payable   16,247
Other liabilities 579,935 328,893
Total liabilities 16,404,180 3,552,412
Common stock (shares authorized: 2012 and 2011 - 22,000,000; issued 2012 -17,478,746; 2011 - 9,117,787) 17,479 9,118
Contributed capital 3,619,912 938,037
Accumulated other comprehensive income 250,508 155,532
Treasury stock, at cost (2012 - 588,123 shares; 2011 - 566,141 shares) (175,818) (167,319)
Retained earnings 2,691,706 1,990,309
Total stockholders' equity 6,403,787 2,925,677
Total liabilities and stockholders' equity $ 22,807,967 $ 6,478,089
[1] Reinsurance recoverables reflect amounts due from one or more reinsurance subsidiaries of the listed company.