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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2022
Dec. 31, 2021
Investments    
Total investments available for sale $ 4,620,340 $ 4,962,887
Other invested assets 217,757 170,472
Total investments 4,838,097 5,133,359
Cash 77,852 81,491
Accrued investment income 26,716 26,546
Accounts receivable 51,281 46,157
Deferred policy acquisition costs 10,809 12,178
Property and equipment (at cost, less accumulated depreciation of $65,821 in 2022 and $64,340 in 2021) 20,569 11,921
Prepaid federal income tax 391,910 360,810
Other assets 103,868 49,712
Total assets 5,521,102 5,722,174
Liabilities    
Reserve for losses and LAE 209,973 407,445
Unearned premium reserve 168,117 185,385
Net deferred tax liability 348,374 373,654
Credit facility borrowings (at carrying value, less unamortized deferred costs of $4,664 in 2022 and $5,177 in 2021) 420,336 419,823
Other accrued liabilities 102,307 99,753
Total liabilities 1,249,107 1,486,060
Commitments and contingencies (see Note 7)
Stockholders’ Equity    
Common shares, $0.015 par value: Authorized - 233,333; issued and outstanding - 107,696 shares in 2022 and 109,377 shares in 2021 1,615 1,641
Additional paid-in capital 1,340,650 1,428,952
Accumulated other comprehensive (loss) income (286,567) 50,707
Retained earnings 3,216,297 2,754,814
Total stockholders’ equity 4,271,995 4,236,114
Total liabilities and stockholders’ equity 5,521,102 5,722,174
Fixed maturities    
Investments    
Total investments available for sale 4,264,715 4,649,800
Short-term investments    
Investments    
Total investments available for sale $ 355,625 $ 313,087