XML 13 R2.htm IDEA: XBRL DOCUMENT v3.4.0.3
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2016
Dec. 31, 2015
Assets    
Fixed maturities, available for sale, at fair value (Amortized cost 2016: $11,812,782; 2015: $11,897,639) $ 11,838,068 $ 11,719,749
Equity securities, available for sale, at fair value (Cost 2016: $605,291; 2015: $575,776) 637,325 597,998
Mortgage loans, held for investment, at amortized cost and fair value 267,589 206,277
Other investments, at fair value 859,639 816,756
Short-term investments, at amortized cost and fair value 29,540 34,406
Total investments 13,632,161 13,375,186
Cash and cash equivalents 777,320 988,133
Restricted cash and cash equivalents 174,991 186,618
Accrued interest receivable 71,475 73,729
Insurance and reinsurance premium balances receivable 2,690,400 1,967,535
Reinsurance recoverable on unpaid and paid losses 2,116,090 2,096,104
Deferred acquisition costs 646,919 471,782
Prepaid reinsurance premiums 436,382 396,201
Receivable for investments sold 1,614 26,478
Goodwill and intangible assets 86,446 86,858
Other assets 344,392 313,267
Total assets 20,978,190 19,981,891
Liabilities    
Reserve for losses and loss expenses 9,716,487 9,646,285
Unearned premiums 3,586,307 2,760,889
Insurance and reinsurance balances payable 344,181 356,417
Senior notes 992,091 991,825
Payable for investments purchased 135,647 9,356
Other liabilities 253,218 350,237
Total liabilities 15,027,931 14,115,009
Shareholders’ equity    
Preferred shares 625,000 627,843
Common shares (2016: 176,556; 2015: 176,240 shares issued and 2016: 92,903; 2015: 96,066 shares outstanding) 2,206 2,202
Additional paid-in capital 2,296,533 2,241,388
Accumulated other comprehensive income (loss) 17,646 (188,465)
Retained earnings 6,198,932 6,194,353
Treasury shares, at cost (2016: 83,653; 2015: 80,174 shares) (3,190,058) (3,010,439)
Total shareholders’ equity 5,950,259 5,866,882
Total liabilities and shareholders’ equity $ 20,978,190 $ 19,981,891