Financial Statements

As Reported Financials

Source Document Currency Code (in thousands) 2014 Y 12/31/2015 USD 2015 Y 12/31/2016 USD 2016 Y 12/31/2017 USD 2017 Y 3/31/2018 USD 2018 Q1 YTD 3/31/2018 USD
Source Document Currency Code 2014 Y 12/31/2015 USD 2015 Y 12/31/2016 USD 2016 Y 12/31/2017 USD 2017 Y 3/31/2018 USD 2018 Q1 YTD 3/31/2018 USD

Assets

Investments

Fixed maturities, at fair value 3,145,027 2,760,287 2,613,406 2,280,242 2,157,831
Equity investments, at fair value 314,482 322,353 387,274 470,609 492,159
Short-term investments 131,259 119,236 442,084 432,126 349,119
Business owned life insurance 56,381 57,213 60,134 62,113 62,562
Investment in unconsolidated subsidiaries 276,501 311,908 340,906 330,591 401,030
Other investments 86,057 79,133 81,892 110,847 35,944
Total Investments 4,009,707 3,650,130 3,925,696 3,686,528 3,498,645
Cash and cash equivalents 197,040 241,100 117,347 134,495 43,247
Premiums receivable 202,528 217,034 223,480 238,085 247,644
Receivable from reinsurers on paid losses and loss adjustment expenses 6,494 9,249 5,446 7,317 12,935
Receivable from reinsurers on unpaid losses and loss adjustment expenses 237,966 249,350 273,475 335,585 329,540
Prepaid reinsurance premiums 32,115 34,050 39,723 39,916 39,899
Deferred policy acquisition costs 38,790 44,388 46,809 50,261 50,765
Deferred tax asset, net 0 15,097 10,256 9,930 16,874
Real estate, net 39,799 38,470 31,814 31,975 31,646
Intangible assets, net 100,733 92,462 84,406 82,952 81,408
Goodwill 210,725 210,725 210,725 210,725 210,725
Other assets 93,263 103,966 96,004 101,428 115,596
Total Assets 5,169,160 4,906,021 5,065,181 4,929,197 4,678,924

Liabilities and Shareholders' Equity

Liabilities

Policy liabilities and accruals
Reserve for losses and loss adjustment expenses 2,058,266 2,005,326 1,993,428 2,048,381 2,056,801
Unearned premiums 345,828 362,066 372,563 398,884 426,627
Reinsurance premiums payable 17,451 30,114 30,001 37,726 46,933
Total Policy Liabilities 2,421,545 2,397,506 2,395,992 2,484,991 2,530,361
Deferred tax liability, net 18,818 NA NA NA NA
Other liabilities 320,853 202,303 422,285 437,600 207,866
Debt less debt issuance costs 250,000 347,858 448,202 411,811 371,528
Total Liabilities 3,011,216 2,947,667 3,266,479 3,334,402 3,109,755

Shareholders' Equity

Common shares 623 625 627 628 630
Additional paid-in capital 359,577 365,399 376,518 383,077 380,250
Accumulated other comprehensive income (loss), net of deferred tax expense (benefit) 58,204 23,855 17,399 14,911 (8,046)
Retained earnings 1,991,704 1,988,035 1,824,088 1,614,186 1,614,344
Treasury shares, at cost (252,164) (419,560) (419,930) (418,007) (418,009)
Total Shareholders' Equity 2,157,944 1,958,354 1,798,702 1,594,795 1,569,169
Total Liabilities and Shareholders' Equity 5,169,160 4,906,021 5,065,181 4,929,197 4,678,924
Data shown on this page is extracted directly from the company’s documents. S&P makes every effort to line up fields, captions and headers that represent the same data over time, despite variations in how the company may report these items in different documents. In certain instances the variation in the company’s presentation over time may be too significant, potentially resulting in repeating and/or disordered items. Despite possible issues with the presentation, S&P, as always, stands by its commitment to the quality of the data.
Copyright 2018, © S&P Global Market Intelligence  Terms of Use