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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
Investments    
Total investments available for sale $ 5,950,499 $ 5,263,739
Other invested assets 294,931 277,226
Total investments 6,245,430 5,540,965
Cash 109,306 141,787
Accrued investment income 40,453 35,689
Accounts receivable 54,394 63,266
Deferred policy acquisition costs 9,491 9,139
Property and equipment (at cost, less accumulated depreciation of $74,054 in 2024 and $71,168 in 2023) 41,221 41,304
Prepaid federal income tax 494,356 470,646
Goodwill and acquired intangible assets, net 69,907 72,826
Other assets 61,981 51,051
Total assets 7,126,539 6,426,673
Liabilities    
Reserve for losses and LAE 288,316 260,095
Unearned premium reserve 120,939 140,285
Net deferred tax liability 410,761 362,753
Long-term line of credit 493,673 421,920
Other accrued liabilities 171,865 139,070
Total liabilities 1,485,554 1,324,123
Commitments and contingencies (see Note 7)
Stockholders’ Equity    
Common shares, $0.015 par value: Authorized - 233,333; issued and outstanding - 106,742 shares in 2024 and 106,597 shares in 2023 1,593 1,599
Additional paid-in capital 1,276,572 1,299,869
Accumulated other comprehensive loss (190,279) (280,496)
Retained earnings 4,553,099 4,081,578
Total stockholders’ equity 5,640,985 5,102,550
Total liabilities and stockholders’ equity 7,126,539 6,426,673
Fixed maturities    
Investments    
Total investments available for sale 4,919,868 4,335,008
Short-term investments    
Investments    
Total investments available for sale $ 1,030,631 $ 928,731