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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2021
Dec. 31, 2020
ASSETS:    
Fixed maturities - available for sale, at market value (amortized cost: 2021, $11,255,282; 2020, $10,248,650 allowances for credit losses: 2021, $(23,783); 2020, $(1,566)) $ 11,553,817 $ 10,643,565
Equity securities, at fair value 1,449,667 1,288,767
Short-term investments (cost: 2021, $503,452; 2020, $708,043) 503,452 707,905
Other invested assets 1,430,635 1,094,933
Other invested assets, at fair value 1,977,109 1,796,479
Cash 545,746 378,518
Total investments and cash 17,460,426 15,910,167
Note Receivable - affiliated 300,000 300,000
Accrued investment income 107,263 80,196
Premiums receivable 1,827,456 1,591,980
Reinsurance recoverables - unaffiliated 1,558,378 1,505,650
Reinsurance recoverables - affiliated 2,434,943 2,701,655
Funds held by reinsureds 290,439 267,599
Deferred acquisition costs 428,744 379,707
Prepaid reinsurance premiums 405,847 363,489
Other assets 693,482 616,640
TOTAL ASSETS 25,506,978 23,717,083
LIABILITIES:    
Reserve for losses and loss adjustment expenses 12,486,199 11,654,950
Unearned premium reserve 2,660,110 2,385,174
Funds held under reinsurance treaties 48,553 46,894
Other net payable to reinsurers 346,577 277,390
Losses in course of payment 200,174 161,154
Income taxes net payable 299,208 192,877
Long term notes due 5/1/2067 223,724 223,674
Borrowings from FHLB 310,000 310,000
Accrued interest on debt and borrowings 9,641 10,460
Unsettled securities payable 99,159 206,693
Other liabilities 484,991 456,786
Total liabilities 18,545,374 17,302,770
Commitments and Contingencies (Note 6)
STOCKHOLDER'S EQUITY:    
Common shares, par value: $0.01; 3,000 shares authorized; 1,000 shares issued and outstanding (2021 and 2020)
Additional paid-in capital 1,101,316 1,101,092
Accumulated other comprehensive income (loss), net of deferred income tax expense (benefit) $60,978 at 2021 and $71,080 at 2020 229,835 268,018
Retained earnings 5,630,453 5,045,203
Total stockholder's equity 6,961,604 6,414,313
TOTAL LIABILITIES AND STOCKHOLDER'S EQUITY 25,506,978 23,717,083
Senior Notes [Member] | Senior Notes 4.868% [Member]    
LIABILITIES:    
Senior notes 397,254 397,194
Senior Notes [Member] | Senior Notes 3.5% [Member]    
LIABILITIES:    
Senior notes $ 979,784 $ 979,524