v2.4.0.8
CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands, unless otherwise specified
Jun. 30, 2013
Dec. 31, 2012
Assets    
Fixed maturities, available for sale, at fair value (Amortized cost 2013: $11,687,387; 2012: $11,605,672) $ 11,644,912 $ 11,928,049
Equity securities, available for sale, at fair value (Cost 2013: $546,531; 2012: $608,306) 618,795 666,548
Other investments, at fair value 962,315 843,437
Short-term investments, at fair value and amortized cost 45,904 108,860
Total investments 13,271,926 13,546,894
Cash and cash equivalents 1,010,805 759,817
Restricted cash and cash equivalents 105,443 90,733
Accrued interest receivable 95,098 97,220
Insurance and reinsurance premium balances receivable 2,166,982 1,474,821
Reinsurance recoverable on unpaid and paid losses 1,981,441 1,863,819
Deferred acquisition costs 543,069 389,248
Prepaid reinsurance premiums 331,528 315,676
Receivable for investments sold 1,399 1,254
Goodwill and intangible assets 91,370 97,493
Other assets 247,252 215,369
Total assets 19,846,313 18,852,344
Liabilities    
Reserve for losses and loss expenses 9,342,817 9,058,731
Unearned premiums 3,209,055 2,454,692
Insurance and reinsurance balances payable 292,572 270,739
Senior notes 995,546 995,245
Payable for investments purchased 234,001 64,553
Other liabilities 210,375 228,623
Total liabilities 14,284,366 13,072,583
Shareholders' equity    
Preferred shares - Series A, B, C and D 627,843 502,843
Common shares (2013: 173,906; 2012: 171,867 shares issued and 2013: 111,588; 2012: 117,920 shares outstanding) 2,172 2,146
Additional paid-in capital 2,213,204 2,179,034
Accumulated other comprehensive income 24,755 362,622
Retained earnings 4,813,687 4,497,789
Treasury shares, at cost (2013: 62,318; 2012: 53,947 shares) (2,119,714) (1,764,673)
Total shareholders' equity 5,561,947 5,779,761
Total liabilities and shareholders' equity $ 19,846,313 $ 18,852,344