10-Q Filing

ESSENT GROUP LTD. CIK: 1448893 Q3 2018

Filing Information

Form Type	10-Q
Accession Number	`0001448893-18-000074`
Period End Date	20180930
Filing Date	20181109
Fiscal Year	2018
Fiscal Period	Q3
XBRL Instance	esnt-20180930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 71 Income Statement 90 Cash Flow Statement 78 Stockholders Equity 22 Comprehensive Income 4

Balance Sheet 71 line items

Line Item	Tag	Value	Unit	Period
Fixed maturities available for sale, at fair value (amortized cost: 2018 $2,527,850; 2017 $1,994,200)	`TradingSecuritiesDebt`	$2.47B	USD	Point-in-time
Fixed maturities available for sale, at fair value (amortized cost: 2018 $2,527,850; 2017 $1,994,200)	`TradingSecuritiesDebt`	$1.99B	USD	Point-in-time
Short-term investments available for sale, at fair value (amortized cost: 2018 $191,911; 2017 $312,714)	`ShortTermInvestments`	$312.69M	USD	Point-in-time
Short-term investments available for sale, at fair value (amortized cost: 2018 $191,911; 2017 $312,714)	`ShortTermInvestments`	$191.91M	USD	Point-in-time
Total investments available for sale	`AvailableForSaleSecuritiesDebtSecurities`	$2.31B	USD	Point-in-time
Total investments available for sale	`AvailableForSaleSecuritiesDebtSecurities`	$2.67B	USD	Point-in-time
Other invested assets	`EquityMethodInvestments`	$24.86M	USD	Point-in-time
Other invested assets	`EquityMethodInvestments`	$500.00K	USD	Point-in-time
Total investments	`Investments`	$2.31B	USD	Point-in-time
Total investments	`Investments`	$2.69B	USD	Point-in-time
Amortized cost	`AvailableForSaleDebtSecuritiesAmortizedCostBasis`	$2.31B	USD	Point-in-time
Cash	`Cash`	$29.80M	USD	Point-in-time
Cash	`Cash`	$43.52M	USD	Point-in-time
Amortized cost	`AvailableForSaleDebtSecuritiesAmortizedCostBasis`	$2.72B	USD	Point-in-time
Accrued investment income	`AccruedInvestmentIncomeReceivable`	$17.12M	USD	Point-in-time
Accrued investment income	`AccruedInvestmentIncomeReceivable`	$12.81M	USD	Point-in-time
Accounts receivable	`AccountsReceivableNet`	$29.75M	USD	Point-in-time
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$50.47M	USD	Point-in-time
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$53.01M	USD	Point-in-time
Accounts receivable	`AccountsReceivableNet`	$35.60M	USD	Point-in-time
Deferred policy acquisition costs	`DeferredPolicyAcquisitionCosts`	$16.16M	USD	Point-in-time
Deferred policy acquisition costs	`DeferredPolicyAcquisitionCosts`	$15.35M	USD	Point-in-time
Unamortized deferred costs	`DeferredFinanceCostsGross`	$1.41M	USD	Point-in-time
Property and equipment (at cost, less accumulated depreciation of $53,005 in 2018 and $50,466 in 2017)	`PropertyPlantAndEquipmentNet`	$7.39M	USD	Point-in-time
Property and equipment (at cost, less accumulated depreciation of $53,005 in 2018 and $50,466 in 2017)	`PropertyPlantAndEquipmentNet`	$6.98M	USD	Point-in-time
Unamortized deferred costs	`DeferredFinanceCostsGross`	$1.51M	USD	Point-in-time
Prepaid federal income tax	`MortgageGuarantyInsurerUnitedStatesMortgageGuarantyTaxAndLossBonds`	$185.94M	USD	Point-in-time
Prepaid federal income tax	`MortgageGuarantyInsurerUnitedStatesMortgageGuarantyTaxAndLossBonds`	$252.16M	USD	Point-in-time
Other assets	`OtherAssets`	$8.23M	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
Other assets	`OtherAssets`	$10.81M	USD	Point-in-time
Total assets	`Assets`	$2.67B	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
Total assets	`Assets`	$2.99B	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
Common Shares, outstanding (in shares)	`CommonStockSharesOutstanding`	98.13M	shares	Point-in-time
Common Shares, outstanding (in shares)	`CommonStockSharesOutstanding`	98.43M	shares	Point-in-time
Reserve for losses and LAE	`LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseNet`	$46.85M	USD	Point-in-time
Reserve for losses and LAE	`LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseNet`	$53.35M	USD	Point-in-time
Reserve for losses and LAE	`LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseNet`	$28.14M	USD	Point-in-time
Reserve for losses and LAE	`LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseNet`	$31.58M	USD	Point-in-time
Unearned premium reserve	`UnearnedPremiums`	$259.67M	USD	Point-in-time
Unearned premium reserve	`UnearnedPremiums`	$292.33M	USD	Point-in-time
Net deferred tax liability	`DeferredTaxLiabilities`	$127.64M	USD	Point-in-time
Net deferred tax liability	`DeferredTaxLiabilities`	$155.35M	USD	Point-in-time
Credit facility borrowings (at carrying value, less unamortized deferred costs of $1,513 in 2018 and $1,409 in 2017)	`LineOfCredit`	$248.59M	USD	Point-in-time
Credit facility borrowings (at carrying value, less unamortized deferred costs of $1,513 in 2018 and $1,409 in 2017)	`LineOfCredit`	$223.49M	USD	Point-in-time
Securities purchases payable	`InvestmentRelatedLiabilities`	$21.74M	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`	$32.02M	USD	Point-in-time
Total liabilities	`Liabilities`	$733.93M	USD	Point-in-time
Total liabilities	`Liabilities`	$778.28M	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`	$1.47M	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
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$1.13B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$1.11B	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-3.25M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-47.45M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$815.08M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$1.15B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$1.34B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$2.22B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$1.94B	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$2.67B	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$2.99B	USD	Point-in-time

Income Statement 90 line items

Line Item	Tag	Value	Unit	Period
Net premiums written	`PremiumsWrittenNet`	$508.85M	USD	3 Qtrs
Net premiums written	`PremiumsWrittenNet`	$175.22M	USD	1 Quarter
Net premiums written	`PremiumsWrittenNet`	$155.06M	USD	1 Quarter
Net premiums written	`PremiumsWrittenNet`	$408.42M	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`	$-8.55M	USD	1 Quarter
Increase in unearned premiums	`IncreaseDecreaseInUnearnedPremiumsNet`	$-32.66M	USD	3 Qtrs
Net premiums earned	`PremiumsEarnedNet`	$137.94M	USD	1 Quarter
Net premiums earned	`PremiumsEarnedNet`	$382.15M	USD	3 Qtrs
Net premiums earned	`PremiumsEarnedNet`	$166.68M	USD	1 Quarter
Net premiums earned	`PremiumsEarnedNet`	$476.19M	USD	3 Qtrs
Net investment income	`NetInvestmentIncome`	$45.49M	USD	3 Qtrs
Net investment income	`NetInvestmentIncome`	$10.63M	USD	1 Quarter
Net investment income	`NetInvestmentIncome`	$28.46M	USD	3 Qtrs
Net investment income	`NetInvestmentIncome`	$16.65M	USD	1 Quarter
Realized investment gains, net	`RealizedInvestmentGainsLosses`	$1.76M	USD	3 Qtrs
Realized investment gains, net	`RealizedInvestmentGainsLosses`	$564.00K	USD	1 Quarter
Realized investment gains, net	`RealizedInvestmentGainsLosses`	$524.00K	USD	1 Quarter
Realized investment gains, net	`RealizedInvestmentGainsLosses`	$1.16M	USD	3 Qtrs
Other income	`OtherIncome`	$1.07M	USD	1 Quarter
Other income	`OtherIncome`	$1.15M	USD	1 Quarter
Other income	`OtherIncome`	$3.38M	USD	3 Qtrs
Other income	`OtherIncome`	$3.02M	USD	3 Qtrs
Total revenues	`Revenues`	$150.20M	USD	1 Quarter
Total revenues	`Revenues`	$415.40M	USD	3 Qtrs
Total revenues	`Revenues`	$185.00M	USD	1 Quarter
Total revenues	`Revenues`	$526.23M	USD	3 Qtrs
Provision for losses and LAE	`LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseIncurredClaims1`	$12.57M	USD	3 Qtrs
Provision for losses and LAE	`LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseIncurredClaims1`	$9.78M	USD	3 Qtrs
Provision for losses and LAE	`LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseIncurredClaims1`	$5.45M	USD	1 Quarter
Provision for losses and LAE	`LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseIncurredClaims1`	$4.31M	USD	1 Quarter
Other underwriting and operating expenses	`OtherUnderwritingAndOperatingExpenses`	$111.45M	USD	3 Qtrs
Other underwriting and operating expenses	`OtherUnderwritingAndOperatingExpenses`	$37.03M	USD	1 Quarter
Other underwriting and operating expenses	`OtherUnderwritingAndOperatingExpenses`	$36.90M	USD	1 Quarter
Other underwriting and operating expenses	`OtherUnderwritingAndOperatingExpenses`	$109.05M	USD	3 Qtrs
Interest expense	`InterestExpense`	$1.46M	USD	1 Quarter
Interest expense	`InterestExpense`	$7.57M	USD	3 Qtrs
Interest expense	`InterestExpense`	$3.36M	USD	3 Qtrs
Interest expense	`InterestExpense`	$2.50M	USD	1 Quarter
Total losses and expenses	`BenefitsLossesAndExpenses`	$42.80M	USD	1 Quarter
Total losses and expenses	`BenefitsLossesAndExpenses`	$122.19M	USD	3 Qtrs
Total losses and expenses	`BenefitsLossesAndExpenses`	$44.85M	USD	1 Quarter
Total losses and expenses	`BenefitsLossesAndExpenses`	$131.59M	USD	3 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$293.21M	USD	3 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$140.15M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$107.40M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$394.64M	USD	3 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$55.80M	USD	3 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$29.01M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$24.14M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$76.10M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$338.83M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$116.01M	USD	1 Quarter
Net income	`NetIncomeLoss`	$78.39M	USD	1 Quarter
Net income	`NetIncomeLoss`	$217.11M	USD	3 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.83	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$1.19	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$3.48	USD	3 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$2.35	USD	3 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$2.31	USD	3 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.82	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$3.46	USD	3 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$1.18	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	97.44M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	94.19M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	92.28M	shares	3 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	97.39M	shares	3 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	97.94M	shares	3 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	96.09M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	98.01M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	94.10M	shares	3 Qtrs
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$338.83M	USD	3 Qtrs
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$379.75M	USD	Annual
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$116.01M	USD	1 Quarter
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$78.39M	USD	1 Quarter
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$217.11M	USD	3 Qtrs
Change in unrealized (depreciation) appreciation of investments, net of tax (benefit) expense of ($1,352) and $752 in the three months ended September 30, 2018 and 2017 and ($7,963) and $6,462 in the nine months ended September 30, 2018 and 2017	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent`	$15.30M	USD	3 Qtrs
Change in unrealized (depreciation) appreciation of investments, net of tax (benefit) expense of ($1,352) and $752 in the three months ended September 30, 2018 and 2017 and ($7,963) and $6,462 in the nine months ended September 30, 2018 and 2017	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent`	$-8.20M	USD	1 Quarter
Change in unrealized (depreciation) appreciation of investments, net of tax (benefit) expense of ($1,352) and $752 in the three months ended September 30, 2018 and 2017 and ($7,963) and $6,462 in the nine months ended September 30, 2018 and 2017	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent`	$-44.20M	USD	3 Qtrs
Change in unrealized (depreciation) appreciation of investments, net of tax (benefit) expense of ($1,352) and $752 in the three months ended September 30, 2018 and 2017 and ($7,963) and $6,462 in the nine months ended September 30, 2018 and 2017	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent`	$1.98M	USD	1 Quarter
Total other comprehensive (loss) income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-44.20M	USD	3 Qtrs
Total other comprehensive (loss) income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$1.98M	USD	1 Quarter
Total other comprehensive (loss) income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$15.30M	USD	3 Qtrs
Total other comprehensive (loss) income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$8.07M	USD	Annual
Total other comprehensive (loss) income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-8.20M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$232.41M	USD	3 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$80.37M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$107.81M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$294.64M	USD	3 Qtrs

Cash Flow Statement 78 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$338.83M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$116.01M	USD	1 Quarter
Net income	`NetIncomeLoss`	$78.39M	USD	1 Quarter
Net income	`NetIncomeLoss`	$217.11M	USD	3 Qtrs
Gain on the sale of investments, net	`RealizedInvestmentGainsLosses`	$1.76M	USD	3 Qtrs
Gain on the sale of investments, net	`RealizedInvestmentGainsLosses`	$564.00K	USD	1 Quarter
Gain on the sale of investments, net	`RealizedInvestmentGainsLosses`	$524.00K	USD	1 Quarter
Gain on the sale of investments, net	`RealizedInvestmentGainsLosses`	$1.16M	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$2.54M	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$2.96M	USD	3 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$13.98M	USD	3 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$11.27M	USD	3 Qtrs
Amortization of premium on investment securities	`InvestmentIncomeAmortizationOfPremium`	$8.75M	USD	3 Qtrs
Amortization of premium on investment securities	`InvestmentIncomeAmortizationOfPremium`	$10.70M	USD	3 Qtrs
Deferred income tax provision	`DeferredIncomeTaxExpenseBenefit`	$49.03M	USD	3 Qtrs
Deferred income tax provision	`DeferredIncomeTaxExpenseBenefit`	$35.68M	USD	3 Qtrs
Accrued investment income	`IncreaseDecreaseInAccruedInvestmentIncomeReceivable`	$2.35M	USD	3 Qtrs
Accrued investment income	`IncreaseDecreaseInAccruedInvestmentIncomeReceivable`	$4.32M	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$5.84M	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$7.66M	USD	3 Qtrs
Deferred policy acquisition costs	`IncreaseDecreaseInDeferredPolicyAcquisitionCosts`	$805.00K	USD	3 Qtrs
Deferred policy acquisition costs	`IncreaseDecreaseInDeferredPolicyAcquisitionCosts`	$1.43M	USD	3 Qtrs
Prepaid federal income tax	`IncreaseDecreaseInMortgageGuarantyInsurerUnitedStatesMortgageGuarantyTaxAndLossBonds`	$52.19M	USD	3 Qtrs
Prepaid federal income tax	`IncreaseDecreaseInMortgageGuarantyInsurerUnitedStatesMortgageGuarantyTaxAndLossBonds`	$-66.22M	USD	3 Qtrs
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$2.44M	USD	3 Qtrs
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-21.00K	USD	3 Qtrs
Reserve for losses and LAE	`IncreaseDecreaseInLiabilityForClaimsAndClaimsAdjustmentExpenseReserve`	$6.50M	USD	3 Qtrs
Reserve for losses and LAE	`IncreaseDecreaseInLiabilityForClaimsAndClaimsAdjustmentExpenseReserve`	$3.44M	USD	3 Qtrs
Unearned premium reserve	`IncreaseDecreaseInUnearnedPremiums`	$32.66M	USD	3 Qtrs
Unearned premium reserve	`IncreaseDecreaseInUnearnedPremiums`	$26.26M	USD	3 Qtrs
Other accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-3.89M	USD	3 Qtrs
Other accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-4.14M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$485.95M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$252.02M	USD	3 Qtrs
Net change in short-term investments	`PaymentsForProceedsFromShortTermInvestments`	$-120.78M	USD	3 Qtrs
Net change in short-term investments	`PaymentsForProceedsFromShortTermInvestments`	$164.16M	USD	3 Qtrs
Purchase of investments available for sale	`PaymentsToAcquireAvailableForSaleSecuritiesDebt`	$567.34M	USD	3 Qtrs
Purchase of investments available for sale	`PaymentsToAcquireAvailableForSaleSecuritiesDebt`	$861.04M	USD	3 Qtrs
Proceeds from maturity of investments available for sale	`ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities`	$82.75M	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	`ProceedsFromSaleOfAvailableForSaleSecuritiesDebt`	$241.87M	USD	3 Qtrs
Proceeds from sales of investments available for sale	`ProceedsFromSaleOfAvailableForSaleSecuritiesDebt`	$197.62M	USD	3 Qtrs
Purchase of other invested assets	`PaymentsToAcquireEquityMethodInvestments`	-	USD	3 Qtrs
Purchase of other invested assets	`PaymentsToAcquireEquityMethodInvestments`	$24.75M	USD	3 Qtrs
Distributions from other invested assets	`ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital`	-	USD	3 Qtrs
Distributions from other invested assets	`ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital`	$386.00K	USD	3 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$2.66M	USD	3 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$2.95M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-485.10M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-442.96M	USD	3 Qtrs
Issuance of common shares, net of costs	`ProceedsFromIssuanceOfCommonStock`	-	USD	3 Qtrs
Issuance of common shares, net of costs	`ProceedsFromIssuanceOfCommonStock`	$198.21M	USD	3 Qtrs
Credit facility borrowings	`ProceedsFromLongTermLinesOfCredit`	$125.00M	USD	3 Qtrs
Credit facility borrowings	`ProceedsFromLongTermLinesOfCredit`	$15.00M	USD	3 Qtrs
Credit facility repayments	`RepaymentsOfLinesOfCredit`	$50.00M	USD	3 Qtrs
Credit facility repayments	`RepaymentsOfLinesOfCredit`	$40.00M	USD	3 Qtrs
Treasury stock acquired	`PaymentsForRepurchaseOfCommonStock`	$7.33M	USD	3 Qtrs
Treasury stock acquired	`PaymentsForRepurchaseOfCommonStock`	$31.20M	USD	3 Qtrs
Payment of issuance costs for credit facility	`PaymentsOfDebtIssuanceCosts`	$2.60M	USD	3 Qtrs
Payment of issuance costs for credit facility	`PaymentsOfDebtIssuanceCosts`	$516.00K	USD	3 Qtrs
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-56.72M	USD	3 Qtrs
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$263.29M	USD	3 Qtrs
Net (decrease) increase in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$30.21M	USD	3 Qtrs
Net (decrease) increase in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-13.73M	USD	3 Qtrs
Cash at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$29.80M	USD	Point-in-time
Cash at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$43.52M	USD	Point-in-time
Cash at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$57.74M	USD	Point-in-time
Cash at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$27.53M	USD	Point-in-time
Cash at end of period	`CashAndCashEquivalentsAtCarryingValue`	$29.80M	USD	Point-in-time
Cash at end of period	`CashAndCashEquivalentsAtCarryingValue`	$43.52M	USD	Point-in-time
Cash at end of period	`CashAndCashEquivalentsAtCarryingValue`	$57.74M	USD	Point-in-time
Cash at end of period	`CashAndCashEquivalentsAtCarryingValue`	$27.53M	USD	Point-in-time
Income tax payments	`IncomeTaxesPaidNet`	$28.30M	USD	3 Qtrs
Income tax payments	`IncomeTaxesPaidNet`	$18.60M	USD	3 Qtrs
Interest payments	`InterestPaidNet`	$7.05M	USD	3 Qtrs
Interest payments	`InterestPaidNet`	$3.12M	USD	3 Qtrs
Repayment of borrowings with term loan proceeds (see Note 6)	`RepaymentOfBorrowingWithProceedsFromDebt`	$125.00M	USD	3 Qtrs
Repayment of borrowings with term loan proceeds (see Note 6)	`RepaymentOfBorrowingWithProceedsFromDebt`	$100.00M	USD	3 Qtrs

Stockholders Equity 22 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`	$2.22B	USD	Point-in-time
Stockholders equity, beginning of period	`StockholdersEquity`	$1.94B	USD	Point-in-time
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$338.83M	USD	3 Qtrs
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$379.75M	USD	Annual
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$116.01M	USD	1 Quarter
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$78.39M	USD	1 Quarter
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$217.11M	USD	3 Qtrs
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-44.20M	USD	3 Qtrs
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$1.98M	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$15.30M	USD	3 Qtrs
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$8.07M	USD	Annual
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-8.20M	USD	1 Quarter
Issuance of common shares, net of issuance cost of $1,802	`StockIssuedDuringPeriodValueNewIssues`	$197.70M	USD	Annual
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$11.27M	USD	3 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`	$31.20M	USD	3 Qtrs
Treasury stock acquired	`TreasuryStockValueAcquiredCostMethod`	$7.58M	USD	Annual
Stockholders equity, end of period	`StockholdersEquity`	$1.34B	USD	Point-in-time
Stockholders equity, end of period	`StockholdersEquity`	$2.22B	USD	Point-in-time
Stockholders equity, end of period	`StockholdersEquity`	$1.94B	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`	$-1.35M	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`	$-7.96M	USD	3 Qtrs
Change in unrealized appreciation (depreciation) of investments, tax expense (benefit)	`OtherComprehensiveIncomeAvailableforsaleSecuritiesTaxPortionAttributableToParent`	$752.00K	USD	1 Quarter

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