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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Investments:    
Debt Securities, Available-for-sale $ 3,788,600 $ 4,881,600
Short-term investments, available for sale 52,000  
Short-term investments, trading at fair value 6,300  
Catastrophe bonds, trading at fair value (amortized cost — 2022: $5.1 and 2021: $5.3) 2,900 3,400
Privately-held Investments 533,000 307,100
Investments, equity method 6,200 3,900
Other investments, at fair value (2) 221,300 151,300
Investments, Excluding Derivative Assets 6,085,800 6,516,900
Cash and cash equivalents (including cash within consolidated variable interest entities of — $65.7448377 and $75.15054353) 959,200 1,314,100
Reinsurance recoverables:    
Unpaid losses recoverable from reinsurers (net of allowance for expected credit losses of 2022: $3.7 — 2021: $3.3) 4,897,700 3,298,100
Ceded unearned premiums 737,300 596,100
Receivables:    
Underwriting premiums receivables (net of allowance for expected credit losses of 2022: $25.0 — 2021: $30.2) 1,482,400 1,304,600
Other receivables 179,400 153,000
Funds withheld 102,600 103,700
Deferred acquisition costs 319,000 290,800
Derivatives at fair value 56,200 12,900
Receivables for securities sold 13,500 19,400
Office properties and equipment 81,300 114,500
Right-of-use operating lease assets 72,800 83,400
Income taxes refundable 20,800 6,400
Deferred tax assets 120,100 0
Other assets 7,400 8,300
Intangible assets and goodwill 21,800 21,900
Total assets 15,157,300 13,844,100
Insurance reserves    
Losses and loss adjustment expenses 7,710,900 7,611,800
Unearned premiums 2,457,500 2,112,300
Total insurance reserves 10,168,400 9,724,100
Reinsurance premiums 1,980,100 575,700
Payables    
Income taxes payable 10,900 4,400
Deferred tax liabilities 900 2,800
Accrued expenses and other payables (4) 201,800 289,300
Payables for securities purchased 6,900 44,600
Operating lease liabilities 95,500 115,200
Liabilities under derivative contracts 34,900 13,300
Short-term debt 299,900 0
Long-term debt 0 299,900
Total liabilities 12,799,300 11,069,300
Commitments and contingent liabilities (see Note 20) 0 0
Ordinary shares:    
60,395,839 ordinary shares of par value $0.01 each (December 31, 2021 — 60,395,839 shares) 604 604
Additional paid-in capital 1,514,700 1,514,700
Retained earnings 1,349,000 1,382,500
Accumulated other comprehensive (loss) (506,300) (123,000)
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest 2,358,000 2,774,800
Total liabilities and shareholders’ equity 15,157,300 13,844,100
Fixed Income Investments    
Investments:    
Debt Securities, Available-for-sale 3,788,600 4,881,600
Fixed Income Investments    
Investments:    
Debt Securities, Trading 1,475,500 1,157,500
Short-term investments    
Investments:    
Short-term investments, available for sale 52,000 10,100
Short-term investments, trading at fair value $ 6,300 $ 2,000