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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2020
Dec. 31, 2019
ASSETS:    
Fixed maturities - available for sale, at market value (amortized cost: 2020, $10,248,650; 2019, $7,334,425 allowances for credit losses: 2020, $1,566; 2019, $0) $ 10,643,565 $ 7,492,079
Fixed maturities - available for sale, at fair value 5,826
Equity securities, fair value 1,288,767 764,049
Short-term investments (cost: 2020, $708,043; 2019, $279,824 707,905 279,879
Other invested assets (cost: 2020, $1,094,933; 2019, $1,020,766) 1,094,933 1,020,766
Other invested assets, at fair value 1,796,479 1,982,582
Cash 378,518 411,122
Total investments and cash 15,910,167 11,956,303
Note Receivable - affiliated 300,000 300,000
Accrued investment income 80,196 54,383
Premiums receivable 1,591,980 1,337,344
Reinsurance receivables - unaffiliated 1,505,650 1,318,820
Reinsurance receivables - affiliated 2,701,655 3,125,269
Income taxes net recoverable 65,793
Funds held by reinsureds 267,599 228,297
Deferred acquisition costs 379,707 388,238
Prepaid reinsurance premiums 363,489 413,612
Other assets 616,640 518,127
TOTAL ASSETS 23,717,083 19,706,186
LIABILITIES:    
Reserve for losses and loss adjustment expenses 11,654,950 10,209,519
Unearned premium reserve 2,385,174 2,198,932
Funds held under reinsurance treaties 46,894 41,233
Other net payable to reinsurers 277,390 267,367
Losses in course of payment 161,154 70,541
Income taxes net payable 192,877
Long term notes due 5/1/2067 223,674 236,758
Borrowings from FHLB 310,000
Accrued interest on debt and borrowings 10,460 2,878
Unsettled securities payable 206,693 25,230
Other liabilities 456,786 399,229
Total liabilities 17,302,770 13,848,761
Commitments and Contingencies (Note 15)
STOCKHOLDER'S EQUITY:    
Common stock, par value: $0.01; 3,000 shares authorized; 1,000 shares issued and outstanding (2020 and 2019)
Additional paid-in capital 1,101,092 1,100,678
Accumulated other comprehensive income (loss), net of deferred income tax expense (benefit) of $71,080 at 2020 and $16,997 at 2019 268,018 64,324
Retained earnings 5,045,203 4,692,423
Total stockholder's equity 6,414,313 5,857,425
TOTAL LIABILITIES AND STOCKHOLDER'S EQUITY 23,717,083 19,706,186
Senior Notes [Member] | Senior Notes 4.868% [Member]    
LIABILITIES:    
Senior notes 397,194 397,074
Senior Notes [Member] | Senior Notes 3.5% [Member]    
LIABILITIES:    
Senior notes $ 979,524