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Unaudited Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
Assets    
Investments, at fair value $ 1,980,439 $ 1,545,587
Investments in Two Sigma Funds, at fair value (cost 2023: $891,791; 2022: $731,100) 979,986 740,736
Total investments 2,960,425 2,286,323
Cash and cash equivalents 804,548 1,076,420
Restricted cash and cash equivalents 98,979 130,783
Premiums receivable 689,042 522,670
Paid losses recoverable 138,314 90,655
Deferred acquisition costs 151,314 115,147
Unpaid losses and loss adjustment expenses recoverable 1,157,123 1,177,863
Receivables for investments sold 19,044 371
Prepaid reinsurance 232,211 164,313
Goodwill and intangible assets 89,589 86,958
Other assets 164,015 167,462
Total assets 6,504,604 5,818,965
Liabilities, non-controlling interest, and shareholders’ equity    
Reserve for losses and loss adjustment expenses 2,948,822 2,856,275
Unearned premiums 951,596 718,188
Reinsurance balances payable 367,954 244,320
Payables for investments purchased 117,836 48,095
Term loan, net of issuance costs 149,801 149,715
Accounts payable and accrued expenses 159,681 138,050
Payables to related parties 9,060 20
Total liabilities 4,704,750 4,154,663
Non-controlling interest – TS Hamilton Fund 129 119
Shareholders’ equity    
Common shares: 1,037 1,030
Additional paid-in capital 1,128,553 1,120,242
Accumulated other comprehensive loss (4,441) (4,441)
Retained earnings 674,576 547,352
Total shareholders’ equity 1,799,725 1,664,183
Total liabilities, non-controlling interest, and shareholders’ equity 6,504,604 5,818,965
Total fixed maturities    
Assets    
Investments, at fair value 1,631,471 1,259,476
Short-term investments    
Assets    
Investments, at fair value 348,968 286,111
Common Class A    
Shareholders’ equity    
Common shares: 305 305
Common Class B    
Shareholders’ equity    
Common shares: 427 420
Common Class C    
Shareholders’ equity    
Common shares: $ 305 $ 305