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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2018
Dec. 31, 2017
Investments:    
Fixed maturities, available for sale, at fair value (Amortized cost 2018: $11,911,889; 2017: $12,611,219) $ 11,739,305 $ 12,622,006
Equity securities, at fair value (Cost 2018: $366,415; 2017: $552,867) 417,212 635,511
Mortgage loans, held for investment, at amortized cost and fair value 344,721 325,062
Other investments, at fair value 916,191 1,009,373
Equity method investments 110,488 108,597
Short-term investments, at amortized cost and fair value 168,944 83,661
Total investments 13,696,861 14,784,210
Cash and cash equivalents 1,089,407 948,626
Restricted cash and cash equivalents 437,286 415,160
Accrued interest receivable 79,109 81,223
Insurance and reinsurance premium balances receivable 3,810,316 3,012,419
Reinsurance recoverable on unpaid and paid losses 3,289,236 3,338,840
Deferred acquisition costs 708,679 474,061
Prepaid reinsurance premiums 1,157,228 809,274
Receivable for investments sold 16,430 11,621
Goodwill 102,003 102,003
Intangible assets 250,541 257,987
Value of business acquired 97,529 206,838
Other assets 283,861 317,915
Total assets 25,018,486 24,760,177
Liabilities    
Reserve for losses and loss expenses 11,952,734 12,997,553
Unearned premiums 4,594,150 3,641,399
Insurance and reinsurance balances payable 1,282,585 899,064
Senior notes and notes payable 1,377,206 1,376,529
Payable for investments purchased 186,180 100,589
Other liabilities 372,626 403,779
Total liabilities 19,765,481 19,418,913
Shareholders’ equity    
Preferred shares 775,000 775,000
Common shares (shares issued 2018: 176,580; 2017: 176,580 shares outstanding 2018: 83,556; 2017: 83,161) 2,206 2,206
Additional paid-in capital 2,295,633 2,299,166
Accumulated other comprehensive income (loss) (163,168) 92,382
Retained earnings 6,135,625 5,979,666
Treasury shares, at cost (2018: 93,024; 2017: 93,419 shares) (3,792,291) (3,807,156)
Total shareholders’ equity 5,253,005 5,341,264
Total liabilities and shareholders’ equity $ 25,018,486 $ 24,760,177