10-Q Filing

ESSENT GROUP LTD. CIK: 1448893 Q2 2018

Filing Information

Form Type	10-Q
Accession Number	`0001448893-18-000063`
Period End Date	20180630
Filing Date	20180806
Fiscal Year	2018
Fiscal Period	Q2
XBRL Instance	esnt-20180630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 67 Income Statement 90 Cash Flow Statement 72 Stockholders Equity 22 Comprehensive Income 4

Balance Sheet 67 line items

Line Item	Tag	Value	Unit	Period
Fixed maturities (amortized cost: 2018 $2,273,485; 2017 $1,994,200)	`TradingSecuritiesDebt`	$1.99B	USD	Point-in-time
Fixed maturities (amortized cost: 2018 $2,273,485; 2017 $1,994,200)	`TradingSecuritiesDebt`	$2.23B	USD	Point-in-time
Short-term investments (amortized cost: 2018 $326,984; 2017 $312,714)	`ShortTermInvestments`	$327.01M	USD	Point-in-time
Short-term investments (amortized cost: 2018 $326,984; 2017 $312,714)	`ShortTermInvestments`	$312.69M	USD	Point-in-time
Total investments	`Investments`	$2.56B	USD	Point-in-time
Total investments	`Investments`	$2.31B	USD	Point-in-time
Cash	`Cash`	$24.66M	USD	Point-in-time
Cash	`Cash`	$43.52M	USD	Point-in-time
Accrued investment income	`AccruedInvestmentIncomeReceivable`	$12.81M	USD	Point-in-time
Accrued investment income	`AccruedInvestmentIncomeReceivable`	$15.65M	USD	Point-in-time
Accounts receivable	`AccountsReceivableNet`	$29.75M	USD	Point-in-time
Amortized cost	`AvailableForSaleDebtSecuritiesAmortizedCostBasis`	$2.60B	USD	Point-in-time
Amortized cost	`AvailableForSaleDebtSecuritiesAmortizedCostBasis`	$2.31B	USD	Point-in-time
Accounts receivable	`AccountsReceivableNet`	$35.28M	USD	Point-in-time
Deferred policy acquisition costs	`DeferredPolicyAcquisitionCosts`	$15.35M	USD	Point-in-time
Deferred policy acquisition costs	`DeferredPolicyAcquisitionCosts`	$15.95M	USD	Point-in-time
Property and equipment (at cost, less accumulated depreciation of $52,200 in 2018 and $50,466 in 2017)	`PropertyPlantAndEquipmentNet`	$7.29M	USD	Point-in-time
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$52.20M	USD	Point-in-time
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$50.47M	USD	Point-in-time
Property and equipment (at cost, less accumulated depreciation of $52,200 in 2018 and $50,466 in 2017)	`PropertyPlantAndEquipmentNet`	$6.98M	USD	Point-in-time
Prepaid federal income tax	`MortgageGuarantyInsurerUnitedStatesMortgageGuarantyTaxAndLossBonds`	$252.16M	USD	Point-in-time
Prepaid federal income tax	`MortgageGuarantyInsurerUnitedStatesMortgageGuarantyTaxAndLossBonds`	$174.34M	USD	Point-in-time
Unamortized deferred costs	`DeferredFinanceCostsGross`	$1.41M	USD	Point-in-time
Other assets	`OtherAssets`	$8.73M	USD	Point-in-time
Other assets	`OtherAssets`	$20.25M	USD	Point-in-time
Unamortized deferred costs	`DeferredFinanceCostsGross`	$1.66M	USD	Point-in-time
Total assets	`Assets`	$2.85B	USD	Point-in-time
Total assets	`Assets`	$2.67B	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`	$29.80M	USD	Point-in-time
Reserve for losses and LAE	`LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseNet`	$28.14M	USD	Point-in-time
Reserve for losses and LAE	`LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseNet`	$46.85M	USD	Point-in-time
Common Shares, issued (in shares)	`CommonStockSharesIssued`	98.43M	shares	Point-in-time
Common Shares, issued (in shares)	`CommonStockSharesIssued`	98.13M	shares	Point-in-time
Reserve for losses and LAE	`LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseNet`	$50.02M	USD	Point-in-time
Common Shares, outstanding (in shares)	`CommonStockSharesOutstanding`	98.13M	shares	Point-in-time
Unearned premium reserve	`UnearnedPremiums`	$283.79M	USD	Point-in-time
Unearned premium reserve	`UnearnedPremiums`	$259.67M	USD	Point-in-time
Common Shares, outstanding (in shares)	`CommonStockSharesOutstanding`	98.43M	shares	Point-in-time
Net deferred tax liability	`DeferredTaxLiabilities`	$127.64M	USD	Point-in-time
Net deferred tax liability	`DeferredTaxLiabilities`	$147.81M	USD	Point-in-time
Credit facility borrowings (at carrying value, less unamortized deferred costs of $1,659 in 2018 and $1,409 in 2017)	`LineOfCredit`	$223.34M	USD	Point-in-time
Credit facility borrowings (at carrying value, less unamortized deferred costs of $1,659 in 2018 and $1,409 in 2017)	`LineOfCredit`	$248.59M	USD	Point-in-time
Securities purchases payable	`InvestmentRelatedLiabilities`	$14.46M	USD	Point-in-time
Securities purchases payable	`InvestmentRelatedLiabilities`	$15.00M	USD	Point-in-time
Other accrued liabilities	`OtherAccruedLiabilitiesCurrentAndNoncurrent`	$36.18M	USD	Point-in-time
Other accrued liabilities	`OtherAccruedLiabilitiesCurrentAndNoncurrent`	$26.45M	USD	Point-in-time
Total liabilities	`Liabilities`	$745.86M	USD	Point-in-time
Total liabilities	`Liabilities`	$733.93M	USD	Point-in-time
Commitments and contingencies (see Note 7)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (see Note 7)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common shares, $0.015 par value: Authorized - 233,333; issued and outstanding - 98,128 shares in 2018 and 98,434 shares in 2017	`CommonStockValue`	$1.48M	USD	Point-in-time
Common shares, $0.015 par value: Authorized - 233,333; issued and outstanding - 98,128 shares in 2018 and 98,434 shares in 2017	`CommonStockValue`	$1.47M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$1.13B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$1.10B	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-39.25M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-3.25M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$1.04B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$815.08M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$1.94B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$1.34B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$2.10B	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$2.85B	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$2.67B	USD	Point-in-time

Income Statement 90 line items

Line Item	Tag	Value	Unit	Period
Net premiums written	`PremiumsWrittenNet`	$333.63M	USD	2 Qtrs
Net premiums written	`PremiumsWrittenNet`	$168.40M	USD	1 Quarter
Net premiums written	`PremiumsWrittenNet`	$134.06M	USD	1 Quarter
Net premiums written	`PremiumsWrittenNet`	$253.36M	USD	2 Qtrs
Increase in unearned premiums	`IncreaseDecreaseInUnearnedPremiumsNet`	$-24.11M	USD	2 Qtrs
Increase in unearned premiums	`IncreaseDecreaseInUnearnedPremiumsNet`	$-11.45M	USD	1 Quarter
Increase in unearned premiums	`IncreaseDecreaseInUnearnedPremiumsNet`	$-7.50M	USD	1 Quarter
Increase in unearned premiums	`IncreaseDecreaseInUnearnedPremiumsNet`	$-9.15M	USD	2 Qtrs
Net premiums earned	`PremiumsEarnedNet`	$309.52M	USD	2 Qtrs
Net premiums earned	`PremiumsEarnedNet`	$244.21M	USD	2 Qtrs
Net premiums earned	`PremiumsEarnedNet`	$126.56M	USD	1 Quarter
Net premiums earned	`PremiumsEarnedNet`	$156.96M	USD	1 Quarter
Net investment income	`NetInvestmentIncome`	$17.84M	USD	2 Qtrs
Net investment income	`NetInvestmentIncome`	$15.13M	USD	1 Quarter
Net investment income	`NetInvestmentIncome`	$9.40M	USD	1 Quarter
Net investment income	`NetInvestmentIncome`	$28.85M	USD	2 Qtrs
Realized investment gains, net	`RealizedInvestmentGainsLosses`	$544.00K	USD	1 Quarter
Realized investment gains, net	`RealizedInvestmentGainsLosses`	$1.20M	USD	2 Qtrs
Realized investment gains, net	`RealizedInvestmentGainsLosses`	$636.00K	USD	2 Qtrs
Realized investment gains, net	`RealizedInvestmentGainsLosses`	$439.00K	USD	1 Quarter
Other income	`OtherIncome`	$1.95M	USD	2 Qtrs
Other income	`OtherIncome`	$1.24M	USD	1 Quarter
Other income	`OtherIncome`	$1.10M	USD	1 Quarter
Other income	`OtherIncome`	$2.23M	USD	2 Qtrs
Total revenues	`Revenues`	$173.77M	USD	1 Quarter
Total revenues	`Revenues`	$265.20M	USD	2 Qtrs
Total revenues	`Revenues`	$341.23M	USD	2 Qtrs
Total revenues	`Revenues`	$137.61M	USD	1 Quarter
Provision for losses and LAE	`LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseIncurredClaims1`	$7.12M	USD	2 Qtrs
Provision for losses and LAE	`LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseIncurredClaims1`	$5.46M	USD	2 Qtrs
Provision for losses and LAE	`LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseIncurredClaims1`	$1.77M	USD	1 Quarter
Provision for losses and LAE	`LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseIncurredClaims1`	$1.81M	USD	1 Quarter
Other underwriting and operating expenses	`OtherUnderwritingAndOperatingExpenses`	$72.02M	USD	2 Qtrs
Other underwriting and operating expenses	`OtherUnderwritingAndOperatingExpenses`	$35.69M	USD	1 Quarter
Other underwriting and operating expenses	`OtherUnderwritingAndOperatingExpenses`	$36.43M	USD	1 Quarter
Other underwriting and operating expenses	`OtherUnderwritingAndOperatingExpenses`	$74.55M	USD	2 Qtrs
Interest expense	`InterestExpense`	$2.62M	USD	1 Quarter
Interest expense	`InterestExpense`	$1.91M	USD	2 Qtrs
Interest expense	`InterestExpense`	$1.19M	USD	1 Quarter
Interest expense	`InterestExpense`	$5.07M	USD	2 Qtrs
Total losses and expenses	`BenefitsLossesAndExpenses`	$86.74M	USD	2 Qtrs
Total losses and expenses	`BenefitsLossesAndExpenses`	$79.39M	USD	2 Qtrs
Total losses and expenses	`BenefitsLossesAndExpenses`	$38.65M	USD	1 Quarter
Total losses and expenses	`BenefitsLossesAndExpenses`	$40.86M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$254.49M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$185.81M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$98.96M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$132.91M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$31.66M	USD	2 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$21.15M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$26.84M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$47.10M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$111.75M	USD	1 Quarter
Net income	`NetIncomeLoss`	$138.72M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$222.82M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$72.12M	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.79	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$2.29	USD	2 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$1.15	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$1.52	USD	2 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$1.14	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.77	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$1.49	USD	2 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$2.28	USD	2 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	91.32M	shares	2 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	97.36M	shares	2 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	97.43M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	91.38M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	93.16M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	97.87M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	93.09M	shares	2 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	97.91M	shares	2 Qtrs
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$222.82M	USD	2 Qtrs
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$138.72M	USD	2 Qtrs
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$379.75M	USD	Annual
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$72.12M	USD	1 Quarter
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$111.75M	USD	1 Quarter
Change in unrealized (depreciation) appreciation of investments, net of tax (benefit) expense of ($1,418) and $3,649 in the three months ended June 30, 2018 and 2017 and ($6,611) and $5,710 in the six months ended June 30, 2018 and 2017	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent`	$-36.00M	USD	2 Qtrs
Change in unrealized (depreciation) appreciation of investments, net of tax (benefit) expense of ($1,418) and $3,649 in the three months ended June 30, 2018 and 2017 and ($6,611) and $5,710 in the six months ended June 30, 2018 and 2017	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent`	$-7.25M	USD	1 Quarter
Change in unrealized (depreciation) appreciation of investments, net of tax (benefit) expense of ($1,418) and $3,649 in the three months ended June 30, 2018 and 2017 and ($6,611) and $5,710 in the six months ended June 30, 2018 and 2017	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent`	$13.32M	USD	2 Qtrs
Change in unrealized (depreciation) appreciation of investments, net of tax (benefit) expense of ($1,418) and $3,649 in the three months ended June 30, 2018 and 2017 and ($6,611) and $5,710 in the six months ended June 30, 2018 and 2017	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent`	$8.47M	USD	1 Quarter
Total other comprehensive (loss) income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-36.00M	USD	2 Qtrs
Total other comprehensive (loss) income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$8.07M	USD	Annual
Total other comprehensive (loss) income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-7.25M	USD	1 Quarter
Total other comprehensive (loss) income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$8.47M	USD	1 Quarter
Total other comprehensive (loss) income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$13.32M	USD	2 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$104.51M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$186.83M	USD	2 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$152.04M	USD	2 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$80.59M	USD	1 Quarter

Cash Flow Statement 72 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$111.75M	USD	1 Quarter
Net income	`NetIncomeLoss`	$138.72M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$222.82M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$72.12M	USD	1 Quarter
Gain on the sale of investments, net	`RealizedInvestmentGainsLosses`	$544.00K	USD	1 Quarter
Gain on the sale of investments, net	`RealizedInvestmentGainsLosses`	$1.20M	USD	2 Qtrs
Gain on the sale of investments, net	`RealizedInvestmentGainsLosses`	$636.00K	USD	2 Qtrs
Gain on the sale of investments, net	`RealizedInvestmentGainsLosses`	$439.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$1.73M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$1.97M	USD	2 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$9.29M	USD	2 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$7.43M	USD	2 Qtrs
Amortization of premium on investment securities	`InvestmentIncomeAmortizationOfPremium`	$7.01M	USD	2 Qtrs
Amortization of premium on investment securities	`InvestmentIncomeAmortizationOfPremium`	$5.83M	USD	2 Qtrs
Deferred income tax provision	`DeferredIncomeTaxExpenseBenefit`	$32.95M	USD	2 Qtrs
Deferred income tax provision	`DeferredIncomeTaxExpenseBenefit`	$26.78M	USD	2 Qtrs
Accrued investment income	`IncreaseDecreaseInAccruedInvestmentIncomeReceivable`	$1.29M	USD	2 Qtrs
Accrued investment income	`IncreaseDecreaseInAccruedInvestmentIncomeReceivable`	$2.85M	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$4.13M	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$3.17M	USD	2 Qtrs
Deferred policy acquisition costs	`IncreaseDecreaseInDeferredPolicyAcquisitionCosts`	$593.00K	USD	2 Qtrs
Deferred policy acquisition costs	`IncreaseDecreaseInDeferredPolicyAcquisitionCosts`	$637.00K	USD	2 Qtrs
Prepaid federal income tax	`IncreaseDecreaseInMortgageGuarantyInsurerUnitedStatesMortgageGuarantyTaxAndLossBonds`	$-77.82M	USD	2 Qtrs
Prepaid federal income tax	`IncreaseDecreaseInMortgageGuarantyInsurerUnitedStatesMortgageGuarantyTaxAndLossBonds`	$34.09M	USD	2 Qtrs
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$1.88M	USD	2 Qtrs
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$11.38M	USD	2 Qtrs
Reserve for losses and LAE	`IncreaseDecreaseInLiabilityForClaimsAndClaimsAdjustmentExpenseReserve`	$1.66M	USD	2 Qtrs
Reserve for losses and LAE	`IncreaseDecreaseInLiabilityForClaimsAndClaimsAdjustmentExpenseReserve`	$3.17M	USD	2 Qtrs
Unearned premium reserve	`IncreaseDecreaseInUnearnedPremiums`	$9.15M	USD	2 Qtrs
Unearned premium reserve	`IncreaseDecreaseInUnearnedPremiums`	$24.11M	USD	2 Qtrs
Other accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-11.93M	USD	2 Qtrs
Other accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-9.60M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$144.40M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$342.66M	USD	2 Qtrs
Net change in short-term investments	`PaymentsForProceedsFromShortTermInvestments`	$14.32M	USD	2 Qtrs
Net change in short-term investments	`PaymentsForProceedsFromShortTermInvestments`	$-1.36M	USD	2 Qtrs
Purchase of investments available for sale	`PaymentsToAcquireAvailableForSaleSecuritiesDebt`	$396.92M	USD	2 Qtrs
Purchase of investments available for sale	`PaymentsToAcquireAvailableForSaleSecuritiesDebt`	$505.40M	USD	2 Qtrs
Proceeds from maturity of investments available for sale	`ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities`	$36.32M	USD	2 Qtrs
Proceeds from maturity of investments available for sale	`ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities`	$52.55M	USD	2 Qtrs
Proceeds from sales of investments available for sale	`ProceedsFromSaleOfAvailableForSaleSecuritiesDebt`	$164.35M	USD	2 Qtrs
Proceeds from sales of investments available for sale	`ProceedsFromSaleOfAvailableForSaleSecuritiesDebt`	$151.58M	USD	2 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$2.05M	USD	2 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.81M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-209.46M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-304.87M	USD	2 Qtrs
Credit facility borrowings	`ProceedsFromLongTermLinesOfCredit`	$15.00M	USD	2 Qtrs
Credit facility borrowings	`ProceedsFromLongTermLinesOfCredit`	$75.00M	USD	2 Qtrs
Credit facility repayments	`RepaymentsOfLinesOfCredit`	$40.00M	USD	2 Qtrs
Credit facility repayments	`RepaymentsOfLinesOfCredit`	-	USD	2 Qtrs
Treasury stock acquired	`PaymentsForRepurchaseOfCommonStock`	$7.24M	USD	2 Qtrs
Treasury stock acquired	`PaymentsForRepurchaseOfCommonStock`	$31.12M	USD	2 Qtrs
Payment of issuance costs for credit facility	`PaymentsOfDebtIssuanceCosts`	$524.00K	USD	2 Qtrs
Payment of issuance costs for credit facility	`PaymentsOfDebtIssuanceCosts`	$2.56M	USD	2 Qtrs
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-56.65M	USD	2 Qtrs
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$65.20M	USD	2 Qtrs
Net (decrease) increase in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-18.86M	USD	2 Qtrs
Net (decrease) increase in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$139.00K	USD	2 Qtrs
Cash at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$27.67M	USD	Point-in-time
Cash at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$27.53M	USD	Point-in-time
Cash at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$43.52M	USD	Point-in-time
Cash at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$24.66M	USD	Point-in-time
Cash at end of period	`CashAndCashEquivalentsAtCarryingValue`	$27.67M	USD	Point-in-time
Cash at end of period	`CashAndCashEquivalentsAtCarryingValue`	$27.53M	USD	Point-in-time
Cash at end of period	`CashAndCashEquivalentsAtCarryingValue`	$43.52M	USD	Point-in-time
Cash at end of period	`CashAndCashEquivalentsAtCarryingValue`	$24.66M	USD	Point-in-time
Income tax payments	`IncomeTaxesPaidNet`	$10.40M	USD	2 Qtrs
Income tax payments	`IncomeTaxesPaidNet`	$16.70M	USD	2 Qtrs
Interest payments	`InterestPaid`	$4.70M	USD	2 Qtrs
Interest payments	`InterestPaid`	$1.77M	USD	2 Qtrs
Repayment of borrowings with term loan proceeds (see Note 6)	`RepaymentOfBorrowingWithProceedsFromDebt`	$100.00M	USD	2 Qtrs
Repayment of borrowings with term loan proceeds (see Note 6)	`RepaymentOfBorrowingWithProceedsFromDebt`	$125.00M	USD	2 Qtrs

Stockholders Equity 22 line items

Line Item	Tag	Value	Unit	Period
Stockholders equity, beginning of period	`StockholdersEquity`	$1.94B	USD	Point-in-time
Stockholders equity, beginning of period	`StockholdersEquity`	$1.34B	USD	Point-in-time
Stockholders equity, beginning of period	`StockholdersEquity`	$2.10B	USD	Point-in-time
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$222.82M	USD	2 Qtrs
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$138.72M	USD	2 Qtrs
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$379.75M	USD	Annual
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$72.12M	USD	1 Quarter
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$111.75M	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-36.00M	USD	2 Qtrs
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$8.07M	USD	Annual
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-7.25M	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$8.47M	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$13.32M	USD	2 Qtrs
Issuance of common shares, net of issuance cost of $1,802	`StockIssuedDuringPeriodValueNewIssues`	$197.70M	USD	Annual
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$7.43M	USD	2 Qtrs
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$18.69M	USD	Annual
Cumulative effect of ASU 2016-09 adoption	`CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption`	$39.00K	USD	Point-in-time
Treasury stock acquired	`TreasuryStockValueAcquiredCostMethod`	$7.58M	USD	Annual
Treasury stock acquired	`TreasuryStockValueAcquiredCostMethod`	$31.12M	USD	2 Qtrs
Stockholders equity, end of period	`StockholdersEquity`	$1.94B	USD	Point-in-time
Stockholders equity, end of period	`StockholdersEquity`	$1.34B	USD	Point-in-time
Stockholders equity, end of period	`StockholdersEquity`	$2.10B	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`	$-1.42M	USD	1 Quarter
Change in unrealized appreciation (depreciation) of investments, tax expense (benefit)	`OtherComprehensiveIncomeAvailableforsaleSecuritiesTaxPortionAttributableToParent`	$-6.61M	USD	2 Qtrs
Change in unrealized appreciation (depreciation) of investments, tax expense (benefit)	`OtherComprehensiveIncomeAvailableforsaleSecuritiesTaxPortionAttributableToParent`	$3.65M	USD	1 Quarter
Change in unrealized appreciation (depreciation) of investments, tax expense (benefit)	`OtherComprehensiveIncomeAvailableforsaleSecuritiesTaxPortionAttributableToParent`	$5.71M	USD	2 Qtrs

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