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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2019
Dec. 31, 2018
ASSETS:    
Fixed maturities - available for sale, at market value (amortized cost: 2019, $6,838,605; 2018, $7,032,749) $ 6,971,971 $ 6,962,075
Fixed maturities - available for sale, at fair value   2,337
Equity securities, at fair value 751,642 564,338
Short-term investments (cost: 2019, $368,833; 2018, $174,155) 368,898 174,131
Other invested assets (cost: 2019, $943,022; 2018, $882,647) 943,022 882,647
Other invested assets, at fair value 1,892,988 1,717,336
Cash 377,189 404,522
Total investments and cash 11,305,710 10,707,386
Accrued investment income 50,276 47,232
Premiums receivable 1,564,911 1,471,805
Reinsurance receivables - unaffiliated 1,293,452 1,295,961
Reinsurance receivables - affiliated 3,467,105 3,544,975
Income taxes 151,109 409,892
Funds held by reinsureds 250,903 238,566
Deferred acquisition costs 361,621 353,630
Prepaid reinsurance premiums 439,433 328,796
Other assets 351,312 289,962
TOTAL ASSETS 19,235,832 18,688,205
LIABILITIES:    
Reserve for losses and loss adjustment expenses 10,148,412 10,167,018
Unearned premium reserve 2,003,530 1,826,868
Funds held under reinsurance treaties 39,275 41,600
Other net payable to reinsurers 320,100 316,826
Senior notes due 6/1/2044 397,014 396,954
Long term notes due 5/1/2067 236,709 236,659
Note payable - affiliated   300,000
Accrued interest on debt and borrowings 3,063 3,093
Unsettled securities payable 63,050 50,912
Other liabilities 280,933 303,610
Total liabilities 13,492,086 13,643,540
Commitments and Contingencies (Note 6)
STOCKHOLDER'S EQUITY:    
Common stock, par value: $0.01; 3,000 shares authorized; 1,000 shares issued and outstanding (2019 and 2018)
Additional paid-in capital 1,100,489 1,100,315
Accumulated other comprehensive income (loss), net of deferred income tax expense (benefit) of $10,403 at 2019 and ($33,506) at 2018 39,523 (126,254)
Retained earnings 4,603,734 4,070,604
Total stockholder's equity 5,743,746 5,044,665
TOTAL LIABILITIES AND STOCKHOLDER'S EQUITY $ 19,235,832 $ 18,688,205