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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Investments:    
Debt Securities, Available-for-sale $ 4,122,600 $ 3,788,600
Debt Securities, Trading [1] 1,485,700 1,475,500
Short-term investments, available for sale 93,600 52,000
Short-term investments, trading at fair value 2,100 6,300
Catastrophe bonds, trading at fair value (amortized cost — 2023: $1.6 and 2022: $5.1) 1,600 2,900
Privately-held Investments, available for sale, at fair value [2] 14,900 0
Privately-held Investments [2] 475,000 533,000
Investments, equity method 7,600 6,200
Other Investments [3] 209,300 221,300
Investments, Excluding Derivative Assets 6,412,400 6,085,800
Reinsurance recoverables:    
Cash and Cash Equivalents, at Carrying Value [4] 1,028,100 959,200
Unpaid losses recoverable from reinsurers (net of allowance for expected credit losses of 2023: $3.7 and 2022: $3.7) 4,577,800 4,897,700
Ceded unearned premiums 733,500 737,300
Receivables:    
Underwriting premiums receivables (net of allowance for expected credit losses of 2023: $21.0 and 2022: $25.0) 1,435,300 1,482,400
Deferred acquisition costs 296,200 319,000
Derivatives assets 31,700 56,200
Right-of-use operating lease assets 61,600 72,800
Income taxes refundable 4,300 20,800
Deferred tax assets 312,600 120,100
Other assets 309,600 384,200
Intangible assets and goodwill 21,700 21,800
Total assets 15,224,800 15,157,300
Insurance Reserve [Abstract]    
Reserve for losses and loss adjustment expenses 7,810,600 7,710,900
Unearned premiums 2,426,300 2,457,500
Total insurance reserves 10,236,900 10,168,400
Reinsurance premiums 1,416,600 1,980,100
Liability for Future Policy Benefits and Unpaid Claims and Claims Adjustment Expense [Abstract]    
Income taxes payable 12,600 10,900
Deferred tax liabilities 1,600 900
Accrued expenses and other payables [5] 214,400 201,800
Payables for securities purchased 22,300 6,900
Operating lease liabilities 86,100 95,500
Derivative liabilities 25,800 34,900
Long-term debt 300,000 0
Short-Term Debt 0 299,900
Total liabilities 12,316,300 12,799,300
Commitments and contingent liabilities 0 0
Common Stock, Number of Shares, Par Value and Other Disclosure [Abstract]    
Ordinary shares, value 604 604
Preference shares, value 753,500 753,500
Additional paid-in capital 761,200 761,200
Retained earnings 1,793,500 1,349,000
Accumulated other comprehensive (loss) (400,300) (506,300)
Total shareholders' equity 2,908,500 2,358,000
Total liabilities and shareholders’ equity $ 15,224,800 $ 15,157,300
[1] Fixed income maturities, trading at fair value includes related party investments totaling $129.8 million (2022 — $Nil).
[2] Privately-held investments, trading at fair value include related party investments totaling $112.4 million (2022 — $44.8 million). Privately-held investments, available for sale include related party investments totaling $14.9 million (2022 — $Nil).
[3] Other investments includes related party investments of $23.9 million (2022 — $25.3 million) in Apollo Real Estate Fund and $15.9 million (2022 — $12.7 million) in Apollo Origination Partnership.
[4] Cash and cash equivalents includes restricted cash of $323.2 million (2022 — $232.1 million) which are held in trusts.
[5] Includes amounts due to related parties of $2.1 million for investment management fees (2022 — $4.5 million), and $1.2 million for management consulting fees (2022 — $1.3 million).