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CONSOLIDATED BALANCE SHEETS - USD ($)
Sep. 30, 2021
Dec. 31, 2020
Investments:    
Fixed maturities, available for sale, at fair value (Amortized cost 2021: $12,202,767; 2020: $11,566,930 Allowance for expected credit losses 2021: $399; 2020: $323) $ 12,380,959,000 $ 12,041,799,000
Fixed maturities, held to maturity, at amortized cost (Fair value 2021: $416,821 Allowance for expected credit losses 2021: $nil) 416,879,000 0
Equity securities, at fair value (Cost 2021: $510,891; 2020: $421,744) 618,822,000 518,445,000
Mortgage loans, held for investment, at fair value (Allowance for expected credit losses 2021: $nil; 2020: $nil) 623,487,000 593,290,000
Other investments, at fair value 892,664,000 829,156,000
Equity method investments 145,080,000 114,209,000
Short-term investments, at fair value 68,267,000 161,897,000
Total investments 15,146,158,000 14,258,796,000
Cash and cash equivalents 947,542,000 902,831,000
Restricted cash and cash equivalents 551,662,000 600,401,000
Accrued interest receivable 62,423,000 65,020,000
Insurance and reinsurance premium balances receivable (Allowance for expected credit losses 2021: $8,903; 2020: $8,836) 2,978,996,000 2,738,342,000
Reinsurance recoverable on unpaid losses and loss expenses (Allowance for expected credit losses 2021: $27,087; 2020: $23,711) 4,989,645,000 4,496,641,000
Reinsurance recoverable on paid losses and loss expenses 506,503,000 434,201,000
Deferred acquisition costs 544,384,000 431,439,000
Prepaid reinsurance premiums 1,460,723,000 1,194,455,000
Receivable for investments sold 2,028,000 2,150,000
Goodwill 100,801,000 100,801,000
Intangible assets 211,557,000 219,633,000
Value of business acquired 770,000 3,854,000
Operating lease right-of-use assets 107,791,000 123,579,000
Other assets 324,154,000 305,544,000
Total assets 27,935,137,000 25,877,687,000
Liabilities    
Reserve for losses and loss expenses 14,658,996,000 13,926,766,000
Unearned premiums 4,464,282,000 3,685,886,000
Insurance and reinsurance balances payable 1,442,729,000 1,092,042,000
Debt 1,310,650,000 1,309,695,000
Payable for investments purchased 239,073,000 104,777,000
Operating lease liabilities 123,874,000 140,263,000
Other liabilities 360,478,000 322,564,000
Total liabilities 22,600,082,000 20,581,993,000
Shareholders’ equity    
Preferred shares 550,000,000 550,000,000
Common shares (shares issued 2021: 176,580; 2020: 176,580 shares outstanding 2021: 84,773; 2020: 84,353) 2,206,000 2,206,000
Additional paid-in capital 2,336,895,000 2,330,054,000
Accumulated other comprehensive income 150,122,000 414,395,000
Retained earnings 6,044,843,000 5,763,607,000
Treasury shares, at cost (2021: 91,807; 2020: 92,227) (3,749,011,000) (3,764,568,000)
Total shareholders’ equity 5,335,055,000 5,295,694,000
Total liabilities and shareholders’ equity $ 27,935,137,000 $ 25,877,687,000