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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Investments    
Total investments available for sale $ 5,876,721 $ 5,263,739
Other invested assets 303,900 277,226
Total investments 6,180,621 5,540,965
Cash 131,480 141,787
Accrued investment income 43,732 35,689
Accounts receivable 55,564 63,266
Deferred policy acquisition costs 9,653 9,139
Property and equipment (at cost, less accumulated depreciation of $72,270 in 2024 and $71,168 in 2023) 41,871 41,304
Prepaid federal income tax 489,600 470,646
Goodwill and acquired intangible assets, net 79,556 72,826
Other assets 79,572 51,051
Total assets 7,111,649 6,426,673
Liabilities    
Reserve for losses and LAE 328,866 260,095
Unearned premium reserve 115,983 140,285
Net deferred tax liability 392,428 362,753
Senior notes due 2029, net 493,959 0
Credit facility borrowings, net 0 421,920
Other accrued liabilities 176,755 139,070
Total liabilities 1,507,991 1,324,123
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 1,575 1,599
Additional paid-in capital 1,214,956 1,299,869
Accumulated other comprehensive income (loss) (303,984) (280,496)
Retained earnings 4,691,111 4,081,578
Total stockholders' equity 5,603,658 5,102,550
Total liabilities and stockholders' equity 7,111,649 6,426,673
Fixed maturities    
Investments    
Total investments available for sale 5,112,697 4,335,008
Short-term investments    
Investments    
Total investments available for sale $ 764,024 $ 928,731