Financial Statements

As Reported Financials

Document Name As Of Date Currency Code (in thousands) 2015 Y 10-K 12/31/2015 USD 2016 Y 10-K 12/31/2016 USD 2017 Y 10-K 12/31/2017 USD 2018 Y 10-Q 12/31/2018 USD 2019 Q3 YTD 10-Q 9/30/2019 USD
Document Name As Of Date Currency Code 2015 Y 10-K 12/31/2015 USD 2016 Y 10-K 12/31/2016 USD 2017 Y 10-K 12/31/2017 USD 2018 Y 10-Q 12/31/2018 USD 2019 Q3 YTD 10-Q 9/30/2019 USD

Assets

Investments

Fixed maturities, available for sale, at fair value 2,760,287 2,613,406 2,280,242 2,093,798 2,301,535
Fixed maturities, trading, at fair value NA NA NA 38,188 45,295
Equity investments, at fair value 322,353 387,274 470,609 442,937 409,100
Short-term investments 119,236 442,084 432,126 308,319 270,836
Business owned life insurance 57,213 60,134 62,113 64,096 65,653
Investment in unconsolidated subsidiaries 311,908 340,906 330,591 367,757 366,606
Other investments 79,133 81,892 110,847 34,287 37,049
Total Investments 3,650,130 3,925,696 3,686,528 3,349,382 3,496,074
Cash and cash equivalents 241,100 117,347 134,495 80,471 102,211
Premiums receivable 217,034 223,480 238,085 261,466 283,944
Receivable from reinsurers on paid losses and loss adjustment expenses 9,249 5,446 7,317 11,558 15,089
Receivable from reinsurers on unpaid losses and loss adjustment expenses 249,350 273,475 335,585 343,820 357,811
Prepaid reinsurance premiums 34,050 39,723 39,916 40,631 53,232
Deferred policy acquisition costs 44,388 46,809 50,261 54,116 58,099
Deferred tax asset, net 15,097 10,256 9,930 29,108 19,016
Real estate, net 38,470 31,814 31,975 31,114 30,629
Operating lease ROU assets NA NA NA 0 20,563
Intangible assets, net 92,462 84,406 82,952 76,776 72,284
Goodwill 210,725 210,725 210,725 210,725 210,725
Other assets 103,966 96,004 101,428 111,559 104,682
Total Assets 4,906,021 5,065,181 4,929,197 4,600,726 4,824,359

Liabilities and Shareholders' Equity

Liabilities

Policy liabilities and accruals
Reserve for losses and loss adjustment expenses 2,005,326 1,993,428 2,048,381 2,119,847 2,215,775
Unearned premiums 362,066 372,563 398,884 415,211 459,260
Reinsurance premiums payable 30,114 30,001 37,726 55,614 58,552
Total Policy Liabilities 2,397,506 2,395,992 2,484,991 2,590,672 2,733,587
Operating lease liabilities NA NA NA 0 21,298
Other liabilities 202,303 422,285 437,600 199,295 193,069
Debt less unamortized debt issuance costs 347,858 448,202 411,811 287,757 286,947
Total Liabilities 2,947,667 3,266,479 3,334,402 3,077,724 3,234,901

Shareholders' Equity

Common shares 625 627 628 630 631
Additional paid-in capital 365,399 376,518 383,077 384,713 385,181
Accumulated other comprehensive income (loss), net of deferred tax expense (benefit) 23,855 17,399 14,911 (16,911) 39,134
Retained earnings 1,988,035 1,824,088 1,614,186 1,571,847 1,581,789
Treasury shares, at cost (419,560) (419,930) (418,007) (417,277) (417,277)
Total Shareholders' Equity 1,958,354 1,798,702 1,594,795 1,523,002 1,589,458
Total Liabilities and Shareholders' Equity 4,906,021 5,065,181 4,929,197 4,600,726 4,824,359
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 2019, © S&P Global Market Intelligence  Terms of Use