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Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2021
Dec. 31, 2020
ASSETS:    
Fixed maturities - available for sale, at market value (amortized cost: 2021, $21,182,756; 2020, $19,225,067, credit allowances: 2021, $(31,980); 2020, $(1,745)) $ 21,623,119 $ 20,040,173
Equity securities, at fair value 1,523,595 1,472,236
Short-term investments (cost: 2021, $713,144 ; 2020, $1,135,088) 713,144 1,134,950
Other invested assets 2,855,372 2,012,581
Cash 1,068,441 801,651
Total investments and cash 27,783,671 25,461,591
Accrued investment income 170,364 141,304
Premiums receivable 3,408,338 2,680,562
Reinsurance recoverables 2,215,380 1,994,555
Funds held by reinsureds 811,269 716,655
Deferred acquisition costs 797,735 622,053
Prepaid reinsurance premiums 552,468 412,015
Income taxes net recoverable 17,253
Other assets 866,872 742,369
TOTAL ASSETS 36,606,097 32,788,357
LIABILITIES:    
Reserve for losses and loss adjustment expenses 18,956,953 16,398,997
Future policy benefit reserve 36,533 37,723
Unearned premium reserve 4,421,098 3,501,359
Funds held under reinsurance treaties 18,279 15,807
Other net payable to reinsurers 485,682 294,347
Losses in course of payment 150,784 127,971
Long term notes due 5/1/2067 223,749 223,674
Borrowings from FHLB 310,000 310,000
Accrued interest on debt and borrowings 23,267 10,460
Unsettled securities payable 83,626 206,693
Income taxes net payable 4,074
Other liabilities 536,218 558,432
Total liabilities 26,627,462 23,062,181
Commitments and contingencies (Note 7)
SHAREHOLDERS' EQUITY:    
Preferred shares, par value: $0.01; 50,000 shares authorized; no shares issued and outstanding
Common shares, par value: $0.01; 200,000 shares authorized; (2021) 69,806 and (2020) 69,620 outstanding before treasury shares 698 696
Additional paid-in capital 2,266,342 2,245,301
Accumulated other comprehensive income (loss), net of deferred income tax expense (benefit) of $44,338 at 2021 and $80,451 at 2020 203,733 534,899
Treasury shares, at cost; 30,427 shares (2021) and 29,636 shares (2020) (3,822,235) (3,622,172)
Retained earnings 11,330,097 10,567,452
Total shareholders' equity 9,978,635 9,726,176
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY 36,606,097 32,788,357
Senior Notes [Member] | 4.868% Senior Notes due 6/1/2044 [Member]    
LIABILITIES:    
Senior notes 397,284 397,194
Senior Notes [Member] | 3.5% Senior notes due 10/15/2050 [Member]    
LIABILITIES:    
Senior notes $ 979,915 $ 979,524