10-Q Filing

ESSENT GROUP LTD. CIK: 1448893 Q3 2017

Filing Information

Form Type	10-Q
Accession Number	`0001448893-17-000011`
Period End Date	20170930
Filing Date	20171109
Fiscal Year	2017
Fiscal Period	Q3
XBRL Instance	esnt-20170930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 68 Income Statement 90 Cash Flow Statement 73 Stockholders Equity 29 Comprehensive Income 4

Balance Sheet 68 line items

Line Item	Tag	Value	Unit	Period
Fixed maturities (amortized cost: 2017 $1,819,481; 2016 $1,497,186)	`MarketableSecuritiesFixedMaturities`	$1.48B	USD	Point-in-time
Fixed maturities (amortized cost: 2017 $1,819,481; 2016 $1,497,186)	`MarketableSecuritiesFixedMaturities`	$1.83B	USD	Point-in-time
Short-term investments (amortized cost: 2017 $296,509; 2016 $132,352)	`ShortTermInvestments`	$132.35M	USD	Point-in-time
Short-term investments (amortized cost: 2017 $296,509; 2016 $132,352)	`ShortTermInvestments`	$296.51M	USD	Point-in-time
Total investments	`Investments`	$2.12B	USD	Point-in-time
Total investments	`Investments`	$1.62B	USD	Point-in-time
Cash	`Cash`	$27.53M	USD	Point-in-time
Cash	`Cash`	$57.74M	USD	Point-in-time
Accrued investment income	`AccruedInvestmentIncomeReceivable`	$9.49M	USD	Point-in-time
Accrued investment income	`AccruedInvestmentIncomeReceivable`	$11.84M	USD	Point-in-time
Amortized cost	`AvailableForSaleSecuritiesAmortizedCost`	$2.12B	USD	Point-in-time
Accounts receivable	`AccountsReceivableNet`	$21.63M	USD	Point-in-time
Accounts receivable	`AccountsReceivableNet`	$29.28M	USD	Point-in-time
Amortized cost	`AvailableForSaleSecuritiesAmortizedCost`	$1.63B	USD	Point-in-time
Deferred policy acquisition costs	`DeferredPolicyAcquisitionCosts`	$14.83M	USD	Point-in-time
Deferred policy acquisition costs	`DeferredPolicyAcquisitionCosts`	$13.40M	USD	Point-in-time
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$49.50M	USD	Point-in-time
Property and equipment (at cost, less accumulated depreciation of $49,498 in 2017 and $46,543 in 2016)	`PropertyPlantAndEquipmentNet`	$7.83M	USD	Point-in-time
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$46.54M	USD	Point-in-time
Property and equipment (at cost, less accumulated depreciation of $49,498 in 2017 and $46,543 in 2016)	`PropertyPlantAndEquipmentNet`	$8.12M	USD	Point-in-time
Prepaid federal income tax	`MortgageGuarantyInsurerUnitedStatesMortgageGuarantyTaxAndLossBonds`	$233.46M	USD	Point-in-time
Prepaid federal income tax	`MortgageGuarantyInsurerUnitedStatesMortgageGuarantyTaxAndLossBonds`	$181.27M	USD	Point-in-time
Other assets	`OtherAssets`	$6.45M	USD	Point-in-time
Unamortized deferred costs	`DeferredFinanceCostsGross`	-	USD	Point-in-time
Unamortized deferred costs	`DeferredFinanceCostsGross`	$1.51M	USD	Point-in-time
Other assets	`OtherAssets`	$7.30M	USD	Point-in-time
Total assets	`Assets`	$2.49B	USD	Point-in-time
Total assets	`Assets`	$1.88B	USD	Point-in-time
Common Shares, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common Shares, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common Shares, authorized (in shares)	`CommonStockSharesAuthorized`	233.33M	shares	Point-in-time
Common Shares, authorized (in shares)	`CommonStockSharesAuthorized`	233.33M	shares	Point-in-time
Reserve for losses and LAE	`LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseNet`	$31.58M	USD	Point-in-time
Reserve for losses and LAE	`LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseNet`	$28.14M	USD	Point-in-time
Reserve for losses and LAE	`LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseNet`	$25.73M	USD	Point-in-time
Common Shares, issued (in shares)	`CommonStockSharesIssued`	93.11M	shares	Point-in-time
Reserve for losses and LAE	`LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseNet`	$17.76M	USD	Point-in-time
Common Shares, issued (in shares)	`CommonStockSharesIssued`	98.42M	shares	Point-in-time
Common Shares, issued (in shares)	`CommonStockSharesIssued`	5.00M	shares	Point-in-time
Unearned premium reserve	`UnearnedPremiums`	$245.88M	USD	Point-in-time
Unearned premium reserve	`UnearnedPremiums`	$219.62M	USD	Point-in-time
Common Shares, outstanding (in shares)	`CommonStockSharesOutstanding`	98.42M	shares	Point-in-time
Common Shares, outstanding (in shares)	`CommonStockSharesOutstanding`	93.11M	shares	Point-in-time
Net deferred tax liability	`DeferredTaxLiabilities`	$142.59M	USD	Point-in-time
Net deferred tax liability	`DeferredTaxLiabilities`	$198.04M	USD	Point-in-time
Credit facility borrowings (at carrying value, less unamortized deferred costs of $1,511 in 2017 and $0 in 2016)	`LineOfCredit`	$100.00M	USD	Point-in-time
Credit facility borrowings (at carrying value, less unamortized deferred costs of $1,511 in 2017 and $0 in 2016)	`LineOfCredit`	$173.49M	USD	Point-in-time
Securities purchases payable	`InvestmentRelatedLiabilities`	$26.00M	USD	Point-in-time
Securities purchases payable	`InvestmentRelatedLiabilities`	$15.00M	USD	Point-in-time
Other accrued liabilities	`OtherAccruedLiabilitiesCurrentAndNoncurrent`	$33.88M	USD	Point-in-time
Other accrued liabilities	`OtherAccruedLiabilitiesCurrentAndNoncurrent`	$30.04M	USD	Point-in-time
Total liabilities	`Liabilities`	$705.02M	USD	Point-in-time
Total liabilities	`Liabilities`	$539.23M	USD	Point-in-time
Commitments and contingencies (see Note 6)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (see Note 6)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Authorized - 233,333; issued and outstanding - 98,423 shares in 2017 and 93,105 shares in 2016	`CommonStockValue`	$1.40M	USD	Point-in-time
Authorized - 233,333; issued and outstanding - 98,423 shares in 2017 and 93,105 shares in 2016	`CommonStockValue`	$1.48M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$1.12B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$918.30M	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$3.04M	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-12.26M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$653.37M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$436.33M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$1.34B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$1.78B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$1.12B	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$1.88B	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$2.49B	USD	Point-in-time

Income Statement 90 line items

Line Item	Tag	Value	Unit	Period
Net premiums written	`PremiumsWrittenNet`	$324.87M	USD	3 Qtrs
Net premiums written	`PremiumsWrittenNet`	$115.89M	USD	1 Quarter
Net premiums written	`PremiumsWrittenNet`	$408.42M	USD	3 Qtrs
Net premiums written	`PremiumsWrittenNet`	$155.06M	USD	1 Quarter
Increase in unearned premiums	`IncreaseDecreaseInUnearnedPremiumsNet`	$-18.95M	USD	3 Qtrs
Increase in unearned premiums	`IncreaseDecreaseInUnearnedPremiumsNet`	$-17.11M	USD	1 Quarter
Increase in unearned premiums	`IncreaseDecreaseInUnearnedPremiumsNet`	$-26.26M	USD	3 Qtrs
Increase in unearned premiums	`IncreaseDecreaseInUnearnedPremiumsNet`	$-5.09M	USD	1 Quarter
Net premiums earned	`PremiumsEarnedNet`	$110.80M	USD	1 Quarter
Net premiums earned	`PremiumsEarnedNet`	$305.92M	USD	3 Qtrs
Net premiums earned	`PremiumsEarnedNet`	$382.15M	USD	3 Qtrs
Net premiums earned	`PremiumsEarnedNet`	$137.94M	USD	1 Quarter
Net investment income	`NetInvestmentIncome`	$10.63M	USD	1 Quarter
Net investment income	`NetInvestmentIncome`	$19.66M	USD	3 Qtrs
Net investment income	`NetInvestmentIncome`	$28.46M	USD	3 Qtrs
Net investment income	`NetInvestmentIncome`	$6.78M	USD	1 Quarter
Realized investment gains, net	`RealizedInvestmentGainsLosses`	$564.00K	USD	1 Quarter
Realized investment gains, net	`RealizedInvestmentGainsLosses`	$1.49M	USD	3 Qtrs
Realized investment gains, net	`RealizedInvestmentGainsLosses`	$1.76M	USD	3 Qtrs
Realized investment gains, net	`RealizedInvestmentGainsLosses`	$435.00K	USD	1 Quarter
Other income	`OtherIncome`	$3.24M	USD	1 Quarter
Other income	`OtherIncome`	$3.02M	USD	3 Qtrs
Other income	`OtherIncome`	$4.82M	USD	3 Qtrs
Other income	`OtherIncome`	$1.07M	USD	1 Quarter
Total revenues	`Revenues`	$415.40M	USD	3 Qtrs
Total revenues	`Revenues`	$121.25M	USD	1 Quarter
Total revenues	`Revenues`	$150.20M	USD	1 Quarter
Total revenues	`Revenues`	$331.88M	USD	3 Qtrs
Provision for losses and LAE	`LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseIncurredClaims1`	$11.66M	USD	3 Qtrs
Provision for losses and LAE	`LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseIncurredClaims1`	$4.96M	USD	1 Quarter
Provision for losses and LAE	`LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseIncurredClaims1`	$4.31M	USD	1 Quarter
Provision for losses and LAE	`LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseIncurredClaims1`	$9.78M	USD	3 Qtrs
Other underwriting and operating expenses	`OtherUnderwritingAndOperatingExpenses`	$37.03M	USD	1 Quarter
Other underwriting and operating expenses	`OtherUnderwritingAndOperatingExpenses`	$32.79M	USD	1 Quarter
Other underwriting and operating expenses	`OtherUnderwritingAndOperatingExpenses`	$95.59M	USD	3 Qtrs
Other underwriting and operating expenses	`OtherUnderwritingAndOperatingExpenses`	$109.05M	USD	3 Qtrs
Interest expense	`InterestExpense`	$56.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$1.46M	USD	1 Quarter
Interest expense	`InterestExpense`	$3.36M	USD	3 Qtrs
Interest expense	`InterestExpense`	$56.00K	USD	3 Qtrs
Total losses and expenses	`BenefitsLossesAndExpenses`	$107.31M	USD	3 Qtrs
Total losses and expenses	`BenefitsLossesAndExpenses`	$122.19M	USD	3 Qtrs
Total losses and expenses	`BenefitsLossesAndExpenses`	$37.81M	USD	1 Quarter
Total losses and expenses	`BenefitsLossesAndExpenses`	$42.80M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$293.21M	USD	3 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$83.44M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$107.40M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$224.58M	USD	3 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$64.66M	USD	3 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$23.73M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$76.10M	USD	3 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$29.01M	USD	1 Quarter
Net income	`NetIncomeLoss`	$159.92M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$217.11M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$59.71M	USD	1 Quarter
Net income	`NetIncomeLoss`	$78.39M	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$1.76	USD	3 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.66	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$2.35	USD	3 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.83	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.65	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$1.74	USD	3 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.82	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$2.31	USD	3 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	94.19M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	90.96M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	92.28M	shares	3 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	90.89M	shares	3 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	96.09M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	94.10M	shares	3 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	92.40M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	92.13M	shares	3 Qtrs
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$222.61M	USD	Annual
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$59.71M	USD	1 Quarter
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$78.39M	USD	1 Quarter
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$159.92M	USD	3 Qtrs
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$217.11M	USD	3 Qtrs
Change in unrealized appreciation (depreciation) of investments, net of tax expense (benefit) of $752 and ($897) in the three months ended September 30, 2017 and 2016 and $6,462 and $9,866 in the nine months ended September 30, 2017 and 2016	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent`	$1.98M	USD	1 Quarter
Change in unrealized appreciation (depreciation) of investments, net of tax expense (benefit) of $752 and ($897) in the three months ended September 30, 2017 and 2016 and $6,462 and $9,866 in the nine months ended September 30, 2017 and 2016	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent`	$15.30M	USD	3 Qtrs
Change in unrealized appreciation (depreciation) of investments, net of tax expense (benefit) of $752 and ($897) in the three months ended September 30, 2017 and 2016 and $6,462 and $9,866 in the nine months ended September 30, 2017 and 2016	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent`	$22.05M	USD	3 Qtrs
Change in unrealized appreciation (depreciation) of investments, net of tax expense (benefit) of $752 and ($897) in the three months ended September 30, 2017 and 2016 and $6,462 and $9,866 in the nine months ended September 30, 2017 and 2016	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent`	$-2.01M	USD	1 Quarter
Total other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-12.16M	USD	Annual
Total other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-2.01M	USD	1 Quarter
Total other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$1.98M	USD	1 Quarter
Total other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$15.30M	USD	3 Qtrs
Total other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$22.05M	USD	3 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$181.97M	USD	3 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$57.70M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$80.37M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$232.41M	USD	3 Qtrs

Cash Flow Statement 73 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$159.92M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$217.11M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$59.71M	USD	1 Quarter
Net income	`NetIncomeLoss`	$78.39M	USD	1 Quarter
Gain on the sale of investments, net	`RealizedInvestmentGainsLosses`	$564.00K	USD	1 Quarter
Gain on the sale of investments, net	`RealizedInvestmentGainsLosses`	$1.49M	USD	3 Qtrs
Gain on the sale of investments, net	`RealizedInvestmentGainsLosses`	$1.76M	USD	3 Qtrs
Gain on the sale of investments, net	`RealizedInvestmentGainsLosses`	$435.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$2.96M	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$3.09M	USD	3 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$11.90M	USD	3 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$13.98M	USD	3 Qtrs
Amortization of premium on investment securities	`InvestmentIncomeAmortizationOfPremium`	$8.07M	USD	3 Qtrs
Amortization of premium on investment securities	`InvestmentIncomeAmortizationOfPremium`	$8.75M	USD	3 Qtrs
Deferred income tax provision	`DeferredIncomeTaxExpenseBenefit`	$42.81M	USD	3 Qtrs
Deferred income tax provision	`DeferredIncomeTaxExpenseBenefit`	$49.03M	USD	3 Qtrs
Accrued investment income	`IncreaseDecreaseInAccruedInvestmentIncomeReceivable`	$2.35M	USD	3 Qtrs
Accrued investment income	`IncreaseDecreaseInAccruedInvestmentIncomeReceivable`	$1.09M	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$7.66M	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$3.62M	USD	3 Qtrs
Deferred policy acquisition costs	`IncreaseDecreaseInDeferredPolicyAcquisitionCosts`	$1.43M	USD	3 Qtrs
Deferred policy acquisition costs	`IncreaseDecreaseInDeferredPolicyAcquisitionCosts`	$1.48M	USD	3 Qtrs
Prepaid federal income tax	`IncreaseDecreaseInMortgageGuarantyInsurerUnitedStatesMortgageGuarantyTaxAndLossBonds`	$52.19M	USD	3 Qtrs
Prepaid federal income tax	`IncreaseDecreaseInMortgageGuarantyInsurerUnitedStatesMortgageGuarantyTaxAndLossBonds`	$43.61M	USD	3 Qtrs
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-21.00K	USD	3 Qtrs
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-118.00K	USD	3 Qtrs
Reserve for losses and LAE	`IncreaseDecreaseInLiabilityForClaimsAndClaimsAdjustmentExpenseReserve`	$7.97M	USD	3 Qtrs
Reserve for losses and LAE	`IncreaseDecreaseInLiabilityForClaimsAndClaimsAdjustmentExpenseReserve`	$3.44M	USD	3 Qtrs
Unearned premium reserve	`IncreaseDecreaseInUnearnedPremiums`	$26.26M	USD	3 Qtrs
Unearned premium reserve	`IncreaseDecreaseInUnearnedPremiums`	$18.95M	USD	3 Qtrs
Other accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-4.14M	USD	3 Qtrs
Other accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-1.66M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$252.02M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$199.89M	USD	3 Qtrs
Net change in short-term investments	`PaymentsForProceedsFromShortTermInvestments`	$164.16M	USD	3 Qtrs
Net change in short-term investments	`PaymentsForProceedsFromShortTermInvestments`	$64.49M	USD	3 Qtrs
Purchase of investments available for sale	`PaymentsToAcquireAvailableForSaleSecurities`	$567.34M	USD	3 Qtrs
Purchase of investments available for sale	`PaymentsToAcquireAvailableForSaleSecurities`	$451.22M	USD	3 Qtrs
Proceeds from maturity of investments available for sale	`ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities`	$21.87M	USD	3 Qtrs
Proceeds from maturity of investments available for sale	`ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities`	$51.44M	USD	3 Qtrs
Proceeds from sales of investments available for sale	`ProceedsFromSaleOfAvailableForSaleSecurities`	$197.62M	USD	3 Qtrs
Proceeds from sales of investments available for sale	`ProceedsFromSaleOfAvailableForSaleSecurities`	$244.43M	USD	3 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$2.36M	USD	3 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$2.66M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-251.77M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-485.10M	USD	3 Qtrs
Issuance of common shares, net of costs	`ProceedsFromIssuanceOfCommonStock`	$197.70M	USD	Point-in-time
Issuance of common shares, net of costs	`ProceedsFromIssuanceOfCommonStock`	$198.21M	USD	3 Qtrs
Issuance of common shares, net of costs	`ProceedsFromIssuanceOfCommonStock`	-	USD	3 Qtrs
Credit facility borrowings	`ProceedsFromLongTermLinesOfCredit`	$50.00M	USD	3 Qtrs
Credit facility borrowings	`ProceedsFromLongTermLinesOfCredit`	$250.00M	USD	3 Qtrs
Credit facility repayments	`RepaymentsOfLinesOfCredit`	$175.00M	USD	3 Qtrs
Credit facility repayments	`RepaymentsOfLinesOfCredit`	-	USD	3 Qtrs
Treasury stock acquired	`PaymentsForRepurchaseOfCommonStock`	$7.33M	USD	3 Qtrs
Treasury stock acquired	`PaymentsForRepurchaseOfCommonStock`	$3.96M	USD	3 Qtrs
Payment of issuance costs for credit facility	`PaymentsOfDebtIssuanceCosts`	$2.42M	USD	3 Qtrs
Payment of issuance costs for credit facility	`PaymentsOfDebtIssuanceCosts`	$2.60M	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$43.61M	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$263.29M	USD	3 Qtrs
Net increase (decrease) in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$30.21M	USD	3 Qtrs
Net increase (decrease) in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-8.27M	USD	3 Qtrs
Cash at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$57.74M	USD	Point-in-time
Cash at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$16.34M	USD	Point-in-time
Cash at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$27.53M	USD	Point-in-time
Cash at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$24.61M	USD	Point-in-time
Cash at end of period	`CashAndCashEquivalentsAtCarryingValue`	$57.74M	USD	Point-in-time
Cash at end of period	`CashAndCashEquivalentsAtCarryingValue`	$16.34M	USD	Point-in-time
Cash at end of period	`CashAndCashEquivalentsAtCarryingValue`	$27.53M	USD	Point-in-time
Cash at end of period	`CashAndCashEquivalentsAtCarryingValue`	$24.61M	USD	Point-in-time
Income tax payments	`IncomeTaxesPaidNet`	$28.30M	USD	3 Qtrs
Income tax payments	`IncomeTaxesPaidNet`	$22.80M	USD	3 Qtrs
Interest payments	`InterestPaid`	$3.12M	USD	3 Qtrs
Interest payments	`InterestPaid`	-	USD	3 Qtrs

Stockholders Equity 29 line items

Line Item	Tag	Value	Unit	Period
Stockholders equity, beginning of period	`StockholdersEquity`	$1.34B	USD	Point-in-time
Stockholders equity, beginning of period	`StockholdersEquity`	$1.78B	USD	Point-in-time
Stockholders equity, beginning of period	`StockholdersEquity`	$1.12B	USD	Point-in-time
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$222.61M	USD	Annual
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$59.71M	USD	1 Quarter
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$78.39M	USD	1 Quarter
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$159.92M	USD	3 Qtrs
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$217.11M	USD	3 Qtrs
Other comprehensive (loss) income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-12.16M	USD	Annual
Other comprehensive (loss) income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-2.01M	USD	1 Quarter
Other comprehensive (loss) income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$1.98M	USD	1 Quarter
Other comprehensive (loss) income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$15.30M	USD	3 Qtrs
Other comprehensive (loss) income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$22.05M	USD	3 Qtrs
Issuance of Common Shares, net of issuance cost of $1,800	`StockIssuedDuringPeriodValueNewIssues`	$197.70M	USD	3 Qtrs
Issuance of management incentive shares	`StockIssuedDuringPeriodValueShareBasedCompensationGross`	-	USD	3 Qtrs
Issuance of management incentive shares	`StockIssuedDuringPeriodValueShareBasedCompensationGross`	-	USD	Annual
Forfeiture of management incentive shares	`StockIssuedDuringPeriodValueShareBasedCompensationForfeited`	-	USD	Annual
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$16.88M	USD	Annual
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$13.98M	USD	3 Qtrs
Cumulative effect of ASU 2016-09 adoption	`CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption`	$39.00K	USD	Point-in-time
Excess tax benefits from stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalTaxEffectFromShareBasedCompensation`	$1.08M	USD	Annual
Treasury stock acquired	`TreasuryStockValueAcquiredCostMethod`	$7.33M	USD	3 Qtrs
Treasury stock acquired	`TreasuryStockValueAcquiredCostMethod`	$4.02M	USD	Annual
Cancellation of treasury stock	`TreasuryStockRetiredCostMethodAmount`	-	USD	3 Qtrs
Cancellation of treasury stock	`TreasuryStockRetiredCostMethodAmount`	-	USD	Annual
Other equity transactions	`AdjustmentsToAdditionalPaidInCapitalOther`	$142.00K	USD	Annual
Stockholders equity, end of period	`StockholdersEquity`	$1.34B	USD	Point-in-time
Stockholders equity, end of period	`StockholdersEquity`	$1.78B	USD	Point-in-time
Stockholders equity, end of period	`StockholdersEquity`	$1.12B	USD	Point-in-time

Comprehensive Income 4 line items

Line Item	Tag	Value	Unit	Period
Change in unrealized appreciation (depreciation) of investments, tax expense (benefit)	`OtherComprehensiveIncomeAvailableforsaleSecuritiesTaxPortionAttributableToParent`	$752.00K	USD	1 Quarter
Change in unrealized appreciation (depreciation) of investments, tax expense (benefit)	`OtherComprehensiveIncomeAvailableforsaleSecuritiesTaxPortionAttributableToParent`	$-897.00K	USD	1 Quarter
Change in unrealized appreciation (depreciation) of investments, tax expense (benefit)	`OtherComprehensiveIncomeAvailableforsaleSecuritiesTaxPortionAttributableToParent`	$6.46M	USD	3 Qtrs
Change in unrealized appreciation (depreciation) of investments, tax expense (benefit)	`OtherComprehensiveIncomeAvailableforsaleSecuritiesTaxPortionAttributableToParent`	$9.87M	USD	3 Qtrs

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.