XML 59 R8.htm IDEA: XBRL DOCUMENT v3.24.3
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
Sep. 30, 2023
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Investments:            
Fixed income securities, available for sale $ 4,555,800 $ 4,122,600   $ 3,788,600    
Fixed income securities, trading at fair value 1,281,300 1,485,700   1,475,500    
Short-term investments, available for sale 66,500 93,600   52,000    
Short-term investments, trading at fair value 3,200 2,100   6,300    
Catastrophe bonds, trading at fair value 1,000 1,600   2,900    
Privately-held Investments, available for sale 25,300 14,900   0    
Privately-held Investments, trading 341,200 475,000   533,000    
Investments, equity method 8,100 7,600   6,200    
Other investments, at fair value 204,700 209,300   221,300    
Total investments 6,487,100 6,412,400   6,085,800    
Cash and cash equivalents   1,028,100 $ 1,244,900 959,200    
Unpaid losses recoverable from reinsurers 4,431,300 4,577,800 4,596,700 4,897,700    
Ceded unearned premiums 1,001,000 733,500   737,300    
Underwriting premiums receivables 1,819,100 1,435,300   1,482,400    
Deferred acquisition costs 361,000 296,200   319,000 $ 290,800  
Derivatives at fair value 26,000 31,700   56,200    
Right-of-use operating lease assets 56,000 61,600   72,800    
Income taxes refundable 14,400 4,300   20,800    
Deferred tax assets 304,400 312,600   120,100    
Other assets 337,400 309,600   384,200    
Intangible assets and goodwill 21,700 21,700   21,800    
Total assets 16,104,300 15,224,800   15,157,300    
LIABILITIES            
Losses and loss adjustment expenses 8,201,300 7,810,600 7,770,800 7,710,900 7,611,800 $ 7,165,300
Unearned premiums 2,849,800 2,426,300   2,457,500    
Total insurance reserves 11,051,100 10,236,900   10,168,400    
Reinsurance premiums 1,309,700 1,416,600   1,980,100    
Income taxes payable 0 12,600   10,900    
Deferred tax liabilities 1,600 1,600   900    
Accrued expenses and other payables 248,400 214,400   201,800    
Payables for securities purchased 83,000 22,300   6,900    
Operating lease liabilities 79,600 86,100   95,500    
Derivative liabilities 7,700 25,800   34,900    
Long-term debt 300,000 300,000   0    
Total liabilities 13,081,100 12,316,300   12,799,300    
Commitments and contingent liabilities 0 0   0    
Ordinary shares:            
Ordinary shares 604 604   604    
Preference shares 753,500 753,500   753,500    
Additional paid in capital 761,200 761,200   761,200    
Retained earnings 1,794,900 1,793,500   1,349,000    
Accumulated other comprehensive (loss) (287,000) (400,300) (558,400) (506,300) (123,000)  
Total shareholders' equity 3,023,200 2,908,500 $ 2,535,100 2,358,000 $ 2,774,800  
Total liabilities and shareholders’ equity $ 16,104,300 $ 15,224,800   $ 15,157,300