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Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2014
Dec. 31, 2013
Assets    
Fixed maturity investments trading, at fair value (Amortized cost $4,749,613 and $4,781,712 at December 31, 2014 and December 31, 2013, respectively) (Notes 5 and 6) $ 4,756,685us-gaap_TradingSecuritiesDebt $ 4,809,036us-gaap_TradingSecuritiesDebt
Fixed maturity investments available for sale, at fair value (Amortized cost $23,772 and $30,273 at December 31, 2014 and December 31, 2013, respectively) (Notes 5 and 6) 26,885us-gaap_AvailableForSaleSecuritiesDebtSecurities 34,241us-gaap_AvailableForSaleSecuritiesDebtSecurities
Short term investments, at fair value (Notes 5 and 6) 1,013,222us-gaap_OtherShortTermInvestments 1,044,779us-gaap_OtherShortTermInvestments
Equity investments trading, at fair value (Notes 5 and 6) 322,098us-gaap_TradingSecuritiesEquity 254,776us-gaap_TradingSecuritiesEquity
Other investments, at fair value (Notes 5 and 6) 504,147us-gaap_OtherInvestments 573,264us-gaap_OtherInvestments
Investments in other ventures, under equity method (Note 5) 120,713us-gaap_EquityMethodInvestments 105,616us-gaap_EquityMethodInvestments
Total investments 6,743,750us-gaap_Investments 6,821,712us-gaap_Investments
Cash and cash equivalents 525,584us-gaap_CashAndCashEquivalentsAtCarryingValue 408,032us-gaap_CashAndCashEquivalentsAtCarryingValue
Premiums receivable 440,007us-gaap_PremiumsReceivableAtCarryingValue 474,087us-gaap_PremiumsReceivableAtCarryingValue
Prepaid reinsurance premiums (Note 7) 94,810us-gaap_PrepaidReinsurancePremiums 66,132us-gaap_PrepaidReinsurancePremiums
Reinsurance recoverable (Notes 7 and 8) 66,694us-gaap_ReinsuranceRecoverables 101,025us-gaap_ReinsuranceRecoverables
Accrued investment income 26,509us-gaap_AccruedInvestmentIncomeReceivable 34,065us-gaap_AccruedInvestmentIncomeReceivable
Deferred acquisition costs 110,059us-gaap_DeferredPolicyAcquisitionCosts 81,684us-gaap_DeferredPolicyAcquisitionCosts
Receivable for investments sold 52,390us-gaap_ReceivablesFromBrokersDealersAndClearingOrganizations 75,845us-gaap_ReceivablesFromBrokersDealersAndClearingOrganizations
Other assets 135,845us-gaap_OtherAssets 108,438us-gaap_OtherAssets
Goodwill and other intangible assets (Note 4) 7,902us-gaap_IntangibleAssetsNetIncludingGoodwill 8,111us-gaap_IntangibleAssetsNetIncludingGoodwill
Total assets 8,203,550us-gaap_Assets 8,179,131us-gaap_Assets
Liabilities    
Reserve for claims and claim expenses (Note 8) 1,412,510us-gaap_LiabilityForClaimsAndClaimsAdjustmentExpense 1,563,730us-gaap_LiabilityForClaimsAndClaimsAdjustmentExpense
Unearned premiums 512,386us-gaap_UnearnedPremiums 477,888us-gaap_UnearnedPremiums
Debt (Note 9) 249,522us-gaap_NotesAndLoansPayable 249,430us-gaap_NotesAndLoansPayable
Reinsurance balances payable 454,580us-gaap_ReinsurancePayable 293,022us-gaap_ReinsurancePayable
Payable for investments purchased 203,021us-gaap_PayablesToBrokerDealersAndClearingOrganizations 193,221us-gaap_PayablesToBrokerDealersAndClearingOrganizations
Other liabilities 374,108us-gaap_OtherLiabilities 397,596us-gaap_OtherLiabilities
Total liabilities 3,206,127us-gaap_Liabilities 3,174,887us-gaap_Liabilities
Commitments and Contingencies (Note 20)      
Redeemable noncontrolling interests (Note 10) 1,131,708us-gaap_RedeemableNoncontrollingInterestEquityCarryingAmount 1,099,860us-gaap_RedeemableNoncontrollingInterestEquityCarryingAmount
Shareholders’ Equity (Note 12)    
Preference shares: $1.00 par value – 16,000,000 shares issued and outstanding at December 31, 2014 (December 31, 2013 – 16,000,000) 400,000us-gaap_PreferredStockValue 400,000us-gaap_PreferredStockValue
Common shares: $1.00 par value – 38,441,972 shares issued and outstanding at December 31, 2014 (December 31, 2013 – 43,646,436) 38,442us-gaap_CommonStockValue 43,646us-gaap_CommonStockValue
Accumulated other comprehensive income 3,416us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax 4,131us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax
Retained earnings 3,423,857us-gaap_RetainedEarningsAccumulatedDeficit 3,456,607us-gaap_RetainedEarningsAccumulatedDeficit
Total shareholders’ equity 3,865,715us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest 3,904,384us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
Total liabilities, noncontrolling interests and shareholders’ equity $ 8,203,550us-gaap_LiabilitiesAndStockholdersEquity $ 8,179,131us-gaap_LiabilitiesAndStockholdersEquity