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Unaudited Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
Assets    
Investments, at fair value $ 2,828,131 $ 2,260,146
Investments in Two Sigma Funds, at fair value (cost 2024: $829,606; 2023: $770,191) 932,787 851,470
Total investments 3,760,918 3,111,616
Cash and cash equivalents 957,372 794,509
Restricted cash and cash equivalents 93,883 106,351
Premiums receivable 885,744 658,363
Paid losses recoverable 146,008 145,202
Deferred acquisition costs 205,953 156,895
Unpaid losses and loss adjustment expenses recoverable 1,190,465 1,161,077
Receivables for investments sold 39,079 42,419
Prepaid reinsurance 260,174 194,306
Intangible assets 94,441 90,996
Other assets 192,510 209,621
Total assets 7,826,547 6,671,355
Liabilities    
Reserve for losses and loss adjustment expenses 3,434,800 3,030,037
Unearned premiums 1,192,071 911,222
Reinsurance balances payable 334,511 272,310
Payables for investments purchased 172,905 66,606
Term loan, net of issuance costs 149,916 149,830
Accounts payable and accrued expenses 168,658 186,887
Payables to related parties 0 6,480
Total liabilities 5,452,861 4,623,372
Non-controlling interest – TS Hamilton Fund 60,060 133
Shareholders’ equity    
Common shares: 1,014 1,101
Additional paid-in capital 1,172,331 1,249,817
Accumulated other comprehensive loss (4,441) (4,441)
Retained earnings 1,144,722 801,373
Total shareholders’ equity 2,313,626 2,047,850
Total liabilities, non-controlling interest, and shareholders’ equity 7,826,547 6,671,355
Total fixed maturities    
Assets    
Investments, at fair value 2,320,184 1,831,268
Short-term investments    
Assets    
Investments, at fair value 507,947 428,878
Common Class A    
Shareholders’ equity    
Common shares: 178 286
Common Class B    
Shareholders’ equity    
Common shares: 637 560
Common Class C    
Shareholders’ equity    
Common shares: $ 199 $ 255