XML 16 R3.htm IDEA: XBRL DOCUMENT v3.20.2
CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Thousands
Sep. 30, 2020
Dec. 31, 2019
Current Assets:    
Cash and cash equivalents $ 1,070,190 $ 542,174
Restricted cash and investments 431,651 420,801
Short-term investments 18,216 12,325
Premiums, commissions and fees receivable 1,020,522 942,834
Reinsurance recoverable 107,464 58,505
Prepaid reinsurance premiums 397,615 366,021
Other current assets 118,030 152,142
Total current assets 3,163,688 2,494,802
Fixed assets, net 187,611 148,627
Operating lease assets 186,304 184,288
Goodwill 4,123,943 3,746,094
Amortizable intangible assets, net 977,202 916,768
Investments 24,738 27,378
Other assets 131,893 104,864
Total assets 8,795,379 7,622,821
Current Liabilities:    
Premiums payable to insurance companies 1,092,461 1,014,317
Losses and loss adjustment reserve 107,464 58,505
Unearned premiums 397,615 366,021
Premium deposits and credits due customers 116,892 113,841
Accounts payable 147,208 99,960
Accrued expenses and other liabilities 312,501 337,717
Current portion of long-term debt 66,250 55,000
Total current liabilities 2,240,391 2,045,361
Long-term debt less unamortized discount and debt issuance costs 2,042,674 1,500,343
Operating lease liabilities 172,581 167,855
Deferred income taxes, net 332,900 328,277
Other liabilities 304,823 230,706
Shareholders’ Equity:    
Common stock, par value $0.10 per share; authorized 560,000 shares; issued 299,371 shares and outstanding 283,745 shares at 2020, issued 297,106 shares and outstanding 281,655 shares at 2019 - in thousands. 29,937 29,711
Additional paid-in capital 763,749 716,049
Treasury stock, at cost at 15,626 shares at 2020, 15,451 shares at 2019, respectively - in thousands (543,556) (536,243)
Retained earnings 3,451,880 3,140,762
Total shareholders’ equity 3,702,010 3,350,279
Total liabilities and shareholders’ equity $ 8,795,379 $ 7,622,821