| Mar'20 | Dec'19 | Sep'19 | Jun'19 | Mar'19 | Dec'18 | |
|---|---|---|---|---|---|---|
Assets | ||||||
Term loans, fair value option (Amortized cost: $1,113,510 and $1,113,212) | ||||||
906 | 1,061 | 1,040 | 1,042 | 1,022 | 1,000 | |
Fixed maturities, fair value option (Amortized cost: $504,750 and $432,576) | ||||||
392 | 416 | 563 | 616 | 826 | 922 | |
Short-term investments, fair value option (Cost: $348,059 and $325,542) | ||||||
343 | 329 | 357 | 232 | 256 | 282 | |
Equity securities, fair value option | ||||||
58 | 59 | 56 | 56 | 58 | 56 | |
Other Investments | ||||||
30 | 30 | 29 | 24 | 51 | 49 | |
Investments Accounted For Using Fair Value Option | ||||||
1,732 | 1,898 | 2,048 | 1,972 | 2,215 | 2,312 | |
Debt Securities, Available-for-sale | ||||||
717 | 745 | 678 | 732 | 549 | 393 | |
Equity Securities, FV-NI | ||||||
63 | 65 | 43 | 64 | 65 | 33 | |
Investments | ||||||
2,512 | 2,709 | 2,769 | 2,770 | 2,830 | 2,738 | |
Cash and Cash Equivalents, at Carrying Value | ||||||
96 | 102 | 80 | 68 | 56 | 63 | |
Accrued investment income | ||||||
16 | 14 | 18 | 16 | 17 | 19 | |
Premiums Receivable, Net | ||||||
281 | 273 | 302 | 228 | 252 | 227 | |
Reinsurance Recoverable for Paid and Unpaid Claims and Claims Adjustments | ||||||
197 | 170 | - | - | - | - | |
Reinsurance recoverable on unpaid and paid losses and loss adjustment expenses | ||||||
- | - | 144 | 123 | 102 | 86 | |
Prepaid reinsurance premiums | ||||||
128 | 132 | 129 | 79 | 72 | 61 | |
Deferred acquisition costs, net | ||||||
71 | 64 | 67 | 71 | 80 | 80 | |
Receivable for securities sold | ||||||
26 | 16 | 25 | 29 | 62 | 24 | |
Intangible assets | ||||||
7 | 7 | 7 | 7 | 7 | 7 | |
Funds held by reinsurers | ||||||
40 | 42 | 51 | 55 | 44 | 44 | |
Other assets | ||||||
27 | 17 | 15 | 16 | 24 | 18 | |
Total assets | ||||||
3,406 | 3,550 | 3,611 | 3,468 | 3,552 | 3,372 | |
Liabilities | ||||||
Reserve for losses and loss adjustment expenses | ||||||
1,300 | 1,263 | 1,164 | 1,126 | 1,104 | 1,032 | |
Unearned premiums | ||||||
478 | 438 | 454 | 375 | 401 | 390 | |
Losses payable | ||||||
46 | 61 | 63 | 71 | 42 | 24 | |
Reinsurance balances payable | ||||||
71 | 77 | 79 | 23 | 27 | 21 | |
Payable for securities purchased | ||||||
63 | 18 | 40 | 51 | 95 | 60 | |
Payable for securities sold short | ||||||
30 | 66 | 65 | 48 | 28 | 8 | |
Revolving credit agreement borrowings | ||||||
576 | 484 | 519 | 558 | 652 | 693 | |
Senior Notes, Noncurrent | ||||||
172 | 172 | 172 | - | - | 0 | |
Amounts due to affiliates | ||||||
4 | 4 | 4 | 5 | 8 | 5 | |
Investment management and performance fees payable | ||||||
5 | 17 | 13 | 12 | 10 | 3 | |
Other liabilities (1) | ||||||
41 | 21 | 20 | 13 | 17 | 20 | |
Total liabilities | ||||||
2,790 | 2,626 | 2,598 | 2,286 | 2,389 | 2,262 | |
Redeemable Noncontrolling Interest, Equity, Preferred, Carrying Amount | ||||||
52 | 52 | 52 | 221 | 221 | 220 | |
Shareholders’ equity | ||||||
Common shares ($0.01 par; shares authorized: 120 million; shares issued: 22,703,170 and 22,692,300) | ||||||
0 | 0 | 0 | 0 | 0 | 0 | |
Additional paid-in capital | ||||||
898 | 898 | 897 | 897 | 895 | 895 | |
Retained earnings (deficit) | ||||||
-224 | 43 | 60 | 60 | 46 | -1 | |
Accumulated other comprehensive income (loss) | ||||||
-32 | 5 | 2 | 3 | -0 | -4 | |
Common shares held in treasury, at cost (shares: 2,917,149 and 2,789,405) | ||||||
77 | 75 | - | - | - | 0 | |
Stockholders' Equity Attributable to Parent | ||||||
564 | 872 | 960 | 961 | 941 | 889 | |
Total liabilities, contingently redeemable preference shares and shareholders’ equity | ||||||
3,406 | 3,550 | 3,611 | 3,468 | 3,552 | 3,372 | |