XML 15 R2.htm IDEA: XBRL DOCUMENT v3.7.0.1
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2017
Dec. 31, 2016
Investments    
Fixed maturities, available for sale, at fair value; amortized cost, $2,505,953 and $2,586,821, respectively $ 2,546,107 $ 2,613,406
Equity securities, trading, at fair value; cost, $377,336 and $353,744, respectively 410,906 387,274
Short-term investments 263,701 442,084
Business owned life insurance 61,031 60,134
Investment in unconsolidated subsidiaries 330,329 340,906
Other investments, $30,814 and $31,501 at fair value, respectively, otherwise at cost or amortized cost 80,466 81,892
Total Investments 3,692,540 3,925,696
Cash and cash equivalents 117,463 117,347
Premiums receivable 235,117 223,480
Receivable from reinsurers on paid losses and loss adjustment expenses 5,967 5,446
Receivable from reinsurers on unpaid losses and loss adjustment expenses 280,332 273,475
Prepaid reinsurance premiums 47,711 39,723
Deferred policy acquisition costs 50,209 46,809
Deferred tax asset, net 5,919 10,256
Real estate, net 32,611 31,814
Intangible assets 81,592 84,406
Goodwill 210,725 210,725
Other assets 101,530 96,004
Total Assets 4,861,716 5,065,181
Policy liabilities and accruals    
Reserve for losses and loss adjustment expenses 1,991,865 1,993,428
Unearned premiums 397,495 372,563
Reinsurance premiums payable 38,076 30,001
Total Policy Liabilities 2,427,436 2,395,992
Other liabilities 169,810 422,285
Debt less debt issuance costs 426,374 448,202
Total Liabilities 3,023,620 3,266,479
Shareholders’ Equity    
Common shares, par value $0.01 per share, 100,000,000 shares authorized, 62,822,081 and 62,660,234 shares issued, respectively 628 627
Additional paid-in capital 379,587 376,518
Accumulated other comprehensive income (loss), net of deferred tax expense (benefit) of $14,358 and $9,894, respectively 26,064 17,399
Retained earnings 1,851,745 1,824,088
Treasury shares, at cost, 9,408,925 shares and 9,408,977 shares, respectively (419,928) (419,930)
Total Shareholders’ Equity 1,838,096 1,798,702
Total Liabilities and Shareholders’ Equity $ 4,861,716 $ 5,065,181