XML 19 R3.htm IDEA: XBRL DOCUMENT v3.24.0.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Investments    
Total investments available for sale $ 5,263,739 $ 4,741,625
Other invested assets 277,226 257,941
Total investments 5,540,965 4,999,566
Cash 141,787 81,240
Accrued investment income 35,689 33,162
Accounts receivable 63,266 57,399
Deferred policy acquisition costs 9,139 9,910
Property and equipment (at cost, less accumulated depreciation of $71,168 in 2023 and $67,352 in 2022) 41,304 19,571
Prepaid federal income tax 470,646 418,460
Goodwill and intangible assets, net 72,826 0
Other assets 51,051 104,489
Total assets 6,426,673 5,723,797
Liabilities    
Reserve for losses and LAE 260,095 216,464
Unearned premium reserve 140,285 162,887
Net deferred tax liability 362,753 356,810
Credit facility borrowings (at carrying value, less unamortized deferred costs of $3,080 in 2023 and $4,136 in 2022) 421,920 420,864
Other accrued liabilities 139,070 104,463
Total liabilities 1,324,123 1,261,488
Commitments and contingencies (see Note 8)
Stockholders' Equity    
Common shares, $0.015 par value: Authorized - 233,333; issued and outstanding - 106,597 shares in 2023 and 109,377 shares in 2022 1,599 1,615
Additional paid-in capital 1,299,869 1,350,377
Accumulated other comprehensive income (loss) (280,496) (382,790)
Retained earnings 4,081,578 3,493,107
Total stockholders' equity 5,102,550 4,462,309
Total liabilities and stockholders' equity 6,426,673 5,723,797
Fixed maturities    
Investments    
Total investments available for sale 4,335,008 4,489,598
Short-term investments    
Investments    
Total investments available for sale $ 928,731 $ 252,027