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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2018
Dec. 31, 2017
Investments:    
Fixed maturities, available for sale, at fair value (Amortized cost 2018: $11,941,555; 2017: $12,611,219) $ 11,767,697 $ 12,622,006
Equity securities, at fair value (Cost 2018: $376,007; 2017: $552,867) 433,311 635,511
Mortgage loans, held for investment, at amortized cost and fair value 333,018 325,062
Other investments, at fair value 833,563 1,009,373
Equity method investments 112,155 108,597
Short-term investments, at amortized cost and fair value 156,090 83,661
Total investments 13,635,834 14,784,210
Cash and cash equivalents 1,053,604 948,626
Restricted cash and cash equivalents 698,798 415,160
Accrued interest receivable 76,000 81,223
Insurance and reinsurance premium balances receivable 3,463,360 3,012,419
Reinsurance recoverable on unpaid and paid losses 3,439,080 3,338,840
Deferred acquisition costs 682,785 474,061
Prepaid reinsurance premiums 1,114,039 809,274
Receivable for investments sold 2,140 11,621
Goodwill 102,003 102,003
Intangible assets 247,927 257,987
Value of business acquired 58,511 206,838
Other assets 268,945 317,915
Total assets 24,843,026 24,760,177
Liabilities    
Reserve for losses and loss expenses 12,025,947 12,997,553
Unearned premiums 4,242,108 3,641,399
Insurance and reinsurance balances payable 1,301,580 899,064
Senior notes and notes payable 1,377,582 1,376,529
Payable for investments purchased 220,183 100,589
Other liabilities 403,354 403,779
Total liabilities 19,570,754 19,418,913
Shareholders’ equity    
Preferred shares 775,000 775,000
Common shares (shares issued 2018: 176,580; 2017: 176,580 shares outstanding 2018: 83,557; 2017: 83,161) 2,206 2,206
Additional paid-in capital 2,304,107 2,299,166
Accumulated other comprehensive income (loss) (162,312) 92,382
Retained earnings 6,145,482 5,979,666
Treasury shares, at cost (2018: 93,023; 2017: 93,419 shares) (3,792,211) (3,807,156)
Total shareholders’ equity 5,272,272 5,341,264
Total liabilities and shareholders’ equity $ 24,843,026 $ 24,760,177