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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Investments    
Total investments available for sale $ 4,741,625 $ 4,962,887
Other invested assets 257,941 170,472
Total investments 4,999,566 5,133,359
Cash 81,240 81,491
Accrued investment income 33,162 26,546
Accounts receivable 57,399 46,157
Deferred policy acquisition costs 9,910 12,178
Property and equipment (at cost, less accumulated depreciation of $67,352 in 2022 and $64,340 in 2021) 19,571 11,921
Prepaid federal income tax 418,460 360,810
Other assets 104,489 49,712
Total assets 5,723,797 5,722,174
Liabilities    
Reserve for losses and LAE 216,464 407,445
Unearned premium reserve 162,887 185,385
Net deferred tax liability 356,810 373,654
Credit facility borrowings (at carrying value, less unamortized deferred costs of $4,136 in 2022 and $5,177 in 2021) 420,864 419,823
Other accrued liabilities 104,463 99,753
Total liabilities 1,261,488 1,486,060
Commitments and contingencies (see Note 8)
Stockholders' Equity    
Common shares, $0.015 par value: Authorized - 233,333; issued and outstanding - 107,683 shares in 2022 and 109,377 shares in 2021 1,615 1,641
Additional paid-in capital 1,350,377 1,428,952
Accumulated other comprehensive (loss) income (382,790) 50,707
Retained earnings 3,493,107 2,754,814
Total stockholders' equity 4,462,309 4,236,114
Total liabilities and stockholders' equity 5,723,797 5,722,174
Fixed maturities    
Investments    
Total investments available for sale 4,489,598 4,649,800
Short-term investments    
Investments    
Total investments available for sale $ 252,027 $ 313,087