Fixed maturities, available-for-sale, at fair value (amortized cost, 3,775,708 and 3,793,777, respectively allowance for expected credit losses, 4,299 and 4,306, respectively)
3,643,213
3,685,787
3,679,182
3,659,830
Fixed maturities, trading, at fair value (cost, 13,487 and 14,202, respectively)
13,567
14,316
12,390
13,048
Equity investments, at fair value (cost, 121,742 and 121,766, respectively)
105,708
106,988
110,198
108,758
Short-term investments
309,510
285,629
291,345
257,268
Business owned life insurance
83,241
82,787
82,346
81,418
Investment in unconsolidated subsidiaries
240,411
245,472
253,085
251,198
Other investments (at fair value, 0 and 1,215, respectively, otherwise at cost or amortized cost)
7,207
8,400
9,309
7,807
Total investments
4,402,857
4,429,379
4,437,855
4,379,327
Cash and cash equivalents
14,054
36,494
54,457
41,605
Premiums receivable, net (allowance for expected credit losses, 7,951 and 7,829, respectively)
237,511
227,757
255,677
252,473
Receivable from reinsurers on paid losses and loss adjustment expenses
16,432
19,671
17,787
17,863
Receivable from reinsurers on unpaid losses and loss adjustment expenses
334,900
334,612
363,663
361,278
Prepaid reinsurance premiums
38,180
32,933
39,164
34,276
Deferred policy acquisition costs
60,344
57,406
59,895
59,879
Deferred tax asset, net
126,162
121,868
132,952
142,694
Real estate, net
13,235
13,055
14,873
14,981
Operating lease rou assets
13,164
13,820
14,491
15,153
Intangible assets, net
47,610
48,538
49,822
51,284
Goodwill
5,500
5,500
5,500
5,500
Other assets
105,042
106,159
106,037
109,290
Total assets
5,414,991
5,447,192
5,552,173
5,485,603
Reserve for losses and loss adjustment expenses
2,980,278
3,018,396
3,118,937
3,134,904
Unearned premiums
444,228
403,876
458,376
425,551
Reinsurance premiums payable
20,669
14,422
26,091
22,005
Total policy liabilities and accruals
3,445,175
3,436,694
3,603,404
3,582,460
Operating lease liabilities
13,976
14,643
15,321
15,954
Other liabilities
197,764
226,304
207,673
189,306
Debt less unamortized debt issuance costs
419,306
420,417
421,523
422,633
Total liabilities
4,076,221
4,098,058
4,247,921
4,210,353
Common shares (par value 0.01 per share, 100,000,000 shares authorized, 64,214,694 and 64,020,611 shares issued, respectively)
642
640
640
640
Additional paid-in capital
412,703
413,594
411,877
410,036
Accumulated other comprehensive income (loss) (net of deferred tax expense (benefit) of (26,942) and (21,905), respectively)
-98,982
-81,046
-90,841
-116,556
Retained earnings
1,494,101
1,485,640
1,452,270
1,450,824
Treasury shares, at cost (12,606,968 shares as of each respective period end)
469,694
469,694
469,694
469,694
Total shareholders' equity
1,338,770
1,349,134
1,304,252
1,275,250
Total liabilities and shareholders' equity
5,414,991
5,447,192
5,552,173
5,485,603
Unit: Thousand (K) dollars (except for numbers of shares and EPS). Numbers labeled with * are estimated quarterly values.
Time Plot
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