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Condensed Consolidated Balance Sheets (Unaudited) Statement - USD ($)
$ in Thousands
Sep. 30, 2021
Dec. 31, 2020
ASSETS    
Fixed-maturities available for sale—at fair value, net of allowance for credit losses of $0 and $948 (amortized cost of $5,391,584 and $5,393,623) $ 5,580,212 $ 5,723,340
Trading securities—at fair value (amortized cost of $239,709 and $260,773) 263,363 290,885
Equity securities—at fair value (cost of $188,501 and $145,501) 193,498 151,240
Short-term investments—at fair value (includes $41,661 and $15,587 of reinvested cash collateral held under securities lending agreements) 617,515 618,004
Other invested assets—at fair value 3,899 4,973
Investments, Total 6,658,487 6,788,442
Cash 154,709 87,915
Restricted cash 1,866 6,231
Accrued investment income 33,258 34,047
Accounts and notes receivable 166,730 121,294
Reinsurance recoverables (includes $12 and $32 for paid losses) 76,048 73,202
Deferred policy acquisition costs 16,823 18,305
Property and equipment, net 74,170 80,457
Goodwill and other acquired intangible assets, net (Note 7) 20,456 23,043
Other assets (Note 9) 839,061 715,085
Assets, Total 8,041,608 7,948,021
Liabilities and Stockholders’ Equity    
Unearned premiums 348,322 448,791
Reserve for losses and LAE (Note 11) 893,155 848,413
Senior notes (Note 12) 1,408,502 1,405,674
FHLB advances (Note 12) 172,649 176,483
Reinsurance funds withheld 290,502 278,555
Net deferred tax liability (Note 10) 286,957 213,897
Other Liabilities 383,585 291,855
Total liabilities 3,783,672 3,663,668
Stockholders’ equity    
Common stock: par value $0.001 per share; 485,000 shares authorized at September 30, 2021 and December 31, 2020; 200,302 and 210,130 shares issued at September 30, 2021 and December 31, 2020, respectively; 181,336 and 191,606 shares outstanding at September 30, 2021 and December 31, 2020, respectively 200 210
Treasury stock, at cost: 18,966 and 18,524 shares at September 30, 2021 and December 31, 2020, respectively (920,355) (910,115)
Additional paid-in capital 2,012,870 2,245,897
Retained earnings 3,012,997 2,684,636
Accumulated other comprehensive income (loss) (Note 15) 152,224 263,725
Total stockholders’ equity 4,257,936 4,284,353
Total liabilities and stockholders’ equity 8,041,608 7,948,021
Debt Securities, Available-for-sale, Allowance for Credit Loss 0 948
Fixed-maturities available for sale—at amortized cost 5,391,584 5,393,623
Debt Securities, Trading, Amortized Cost 239,709 260,773
Equity Securities, FV-NI, Cost 188,501 145,501
Reinvested Cash Collateral Held Under Securities Lending Agreements 41,661 15,587
Reinsurance Recoverables, Paid Losses $ 12 $ 32
Parent Company    
Stockholders’ equity    
Common Stock, Par or Stated Value Per Share $ 0.001 $ 0.001
Common Stock, Shares Authorized 485,000,000 485,000,000
Common Stock, Shares, Issued 200,302,000 210,130,000
Common Stock, Shares, Outstanding 181,336,000 191,606,000
Treasury Stock, Shares 18,966,000 18,524,000