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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
Investments:    
Debt Securities, Available-for-sale $ 3,908,200 $ 3,788,600
Short-term investments, available for sale 169,300  
Short-term investments, trading at fair value 11,000  
Catastrophe bonds, trading at fair value (amortized cost — 2023: $2.4 and 2022: $5.1) 2,400 2,900
Privately-held Investments [1] 482,400 533,000
Investments, equity method 7,000 6,200
Other investments, at fair value (2) [2] 213,400 221,300
Investments, Excluding Derivative Assets 6,272,200 6,085,800
Cash and cash equivalents (including cash within consolidated variable interest entities of — $11.42048409 and $65.7448377) [3] 1,061,500 959,200
Reinsurance recoverables:    
Unpaid losses recoverable from reinsurers (net of allowance for expected credit losses of 2023: $3.3 — 2022: $3.7) 4,658,000 4,897,700
Ceded unearned premiums 837,300 737,300
Receivables:    
Underwriting premiums receivables (net of allowance for expected credit losses of 2023: $21.6 — 2022: $25.0) 1,676,800 1,482,400
Other receivables 160,300 179,400
Funds withheld 59,400 102,600
Deferred acquisition costs 353,100 319,000
Derivative assets 17,200 56,200
Receivables for securities sold 16,600 13,500
Tax assets 110,900 140,900
Other assets 148,100 161,500
Intangible assets and goodwill 21,700 21,800
Total assets 15,393,100 15,157,300
Insurance reserves    
Losses and loss adjustment expenses 7,740,900 7,710,900
Unearned premiums 2,623,500 2,457,500
Total insurance reserves 10,364,400 10,168,400
Reinsurance premiums 1,833,700 1,980,100
Payables    
Tax liabilities 800 11,800
Accrued expenses and other payables (4) [4] 171,400 201,800
Payables for securities purchased 46,100 6,900
Operating lease liabilities 91,300 95,500
Derivative liabilities 36,800 34,900
Short-term debt 299,900 299,900
Total liabilities 12,844,400 12,799,300
Commitments and contingent liabilities (see Note 12) 0 0
Ordinary shares:    
60,395,839 ordinary shares of par value $0.01 each (December 31, 2022 — 60,395,839 shares) 604 604
Preference shares, value 753,500 753,500
Additional paid-in capital (5) [5] 761,200 761,200
Retained earnings 1,525,700 1,349,000
Accumulated other comprehensive (loss) (492,300) (506,300)
Total shareholders' equity 2,548,700 2,358,000
Total liabilities and shareholders’ equity 15,393,100 15,157,300
Fixed Income Investments    
Investments:    
Debt Securities, Available-for-sale 3,908,200 3,788,600
Fixed Income Investments    
Investments:    
Debt Securities, Trading $ 1,478,500 1,475,500
Short-term investments    
Investments:    
Short-term investments, available for sale   52,000
Short-term investments, trading at fair value   $ 6,300
[1] Privately-held investments includes related party investments totaling $42.7 million (December 31, 2022 — $44.8 million).
[2] Other investments includes related party investments of $22.9 million (December 31, 2022 — $25.3 million) in Apollo Real Estate Fund and $12.6 million (December 31, 2022 — $12.7 million) in Apollo Origination Partnership. (3)    Cash and cash equivalents includes restricted cash of $312.1 million (December 31, 2022 — $232.1 million ) which are held in trusts. (4)
[3] Cash and cash equivalents includes restricted cash of $312.1 million (June 30, 2022 — $387.3 million) which are held in trusts.
[4] Includes amounts due to related parties of $2.4 million for investment management fees (December 31, 2022 — $4.5 million), and $2.5 million for management consulting fees (December 31, 2022 — $1.3 million).
[5] (5)    Preference shares of $775.0 million, less issuance costs of $21.5 million (December 31, 2022 — $775.0 million and $21.5 million) were previously presented within additional paid-in capital.