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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2016
Dec. 31, 2015
Assets    
Fixed maturities, available for sale, at fair value (Amortized cost 2016: $11,462,399; 2015: $11,897,639) $ 11,566,860 $ 11,719,749
Equity securities, available for sale, at fair value (Cost 2016: $600,604; 2015: $575,776) 644,344 597,998
Mortgage loans, held for investment, at amortized cost and fair value 332,753 206,277
Other investments, at fair value 847,262 816,756
Equity method investments 111,295 10,932
Short-term investments, at amortized cost and fair value 39,877 34,406
Total investments 13,542,391 13,386,118
Cash and cash equivalents 848,200 988,133
Restricted cash and cash equivalents 229,063 186,618
Accrued interest receivable 71,096 73,729
Insurance and reinsurance premium balances receivable 2,694,976 1,967,535
Reinsurance recoverable on unpaid and paid losses 2,336,741 2,096,104
Deferred acquisition costs 545,618 471,782
Prepaid reinsurance premiums 582,551 396,201
Receivable for investments sold 2,285 26,478
Goodwill and intangible assets 85,501 86,858
Other assets 283,969 302,335
Total assets 21,222,391 19,981,891
Liabilities    
Reserve for losses and loss expenses 9,874,807 9,646,285
Unearned premiums 3,453,655 2,760,889
Insurance and reinsurance balances payable 461,519 356,417
Senior notes 992,633 991,825
Payable for investments purchased 141,245 9,356
Other liabilities 272,874 350,237
Total liabilities 15,196,733 14,115,009
Shareholders’ equity    
Preferred shares 625,000 627,843
Common shares (2016: 176,575; 2015: 176,240 shares issued and 2016: 88,439; 2015: 96,066 shares outstanding) 2,206 2,202
Additional paid-in capital 2,307,866 2,241,388
Accumulated other comprehensive income (loss) 98,505 (188,465)
Retained earnings 6,430,573 6,194,353
Treasury shares, at cost (2016: 88,136; 2015: 80,174 shares) (3,438,492) (3,010,439)
Total shareholders’ equity 6,025,658 5,866,882
Total liabilities and shareholders’ equity $ 21,222,391 $ 19,981,891