10-Q Filing

ESSENT GROUP LTD. CIK: 1448893 Q2 2019

Filing Information

Form Type	10-Q
Accession Number	`0001448893-19-000060`
Period End Date	20190630
Filing Date	20190805
Fiscal Year	2019
Fiscal Period	Q2
XBRL Instance	a6301910q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 74 Income Statement 88 Cash Flow Statement 80 Stockholders Equity 28 Comprehensive Income 4

Balance Sheet 74 line items

Line Item	Tag	Value	Unit	Period
Fixed maturities available for sale, at fair value (amortized cost: 2019 $2,792,976; 2018 $2,638,950)	`TradingSecuritiesDebt`	$2.85B	USD	Point-in-time
Fixed maturities available for sale, at fair value (amortized cost: 2019 $2,792,976; 2018 $2,638,950)	`TradingSecuritiesDebt`	$2.61B	USD	Point-in-time
Short-term investments available for sale, at fair value (amortized cost: 2019 $251,464; 2018 $154,400)	`ShortTermInvestments`	$154.40M	USD	Point-in-time
Short-term investments available for sale, at fair value (amortized cost: 2019 $251,464; 2018 $154,400)	`ShortTermInvestments`	$251.47M	USD	Point-in-time
Total investments available for sale	`AvailableForSaleSecuritiesDebtSecurities`	$2.76B	USD	Point-in-time
Total investments available for sale	`AvailableForSaleSecuritiesDebtSecurities`	$3.10B	USD	Point-in-time
Other invested assets	`EquityMethodInvestments`	$30.95M	USD	Point-in-time
Other invested assets	`EquityMethodInvestments`	$69.85M	USD	Point-in-time
Total investments	`Investments`	$3.17B	USD	Point-in-time
Total investments	`Investments`	$2.79B	USD	Point-in-time
Amortized cost	`AvailableForSaleDebtSecuritiesAmortizedCostBasis`	$3.04B	USD	Point-in-time
Cash	`Cash`	$25.25M	USD	Point-in-time
Cash	`Cash`	$64.95M	USD	Point-in-time
Amortized cost	`AvailableForSaleDebtSecuritiesAmortizedCostBasis`	$2.79B	USD	Point-in-time
Accrued investment income	`AccruedInvestmentIncomeReceivable`	$17.63M	USD	Point-in-time
Accrued investment income	`AccruedInvestmentIncomeReceivable`	$18.39M	USD	Point-in-time
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$53.87M	USD	Point-in-time
Accounts receivable	`AccountsReceivableNet`	$36.88M	USD	Point-in-time
Accounts receivable	`AccountsReceivableNet`	$40.40M	USD	Point-in-time
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$55.70M	USD	Point-in-time
Deferred policy acquisition costs	`DeferredPolicyAcquisitionCosts`	$15.83M	USD	Point-in-time
Deferred policy acquisition costs	`DeferredPolicyAcquisitionCosts`	$16.05M	USD	Point-in-time
Unamortized deferred costs	`DeferredFinanceCostsGross`	$1.34M	USD	Point-in-time
Property and equipment (at cost, less accumulated depreciation of $55,696 in 2019 and $53,870 in 2018)	`PropertyPlantAndEquipmentNet`	$7.63M	USD	Point-in-time
Property and equipment (at cost, less accumulated depreciation of $55,696 in 2019 and $53,870 in 2018)	`PropertyPlantAndEquipmentNet`	$17.32M	USD	Point-in-time
Unamortized deferred costs	`DeferredFinanceCostsGross`	$1.05M	USD	Point-in-time
Prepaid federal income tax	`MortgageGuarantyInsurerUnitedStatesMortgageGuarantyTaxAndLossBonds`	$230.38M	USD	Point-in-time
Prepaid federal income tax	`MortgageGuarantyInsurerUnitedStatesMortgageGuarantyTaxAndLossBonds`	$202.38M	USD	Point-in-time
Other assets	`OtherAssets`	$22.26M	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`	$13.44M	USD	Point-in-time
Total assets	`Assets`	$3.54B	USD	Point-in-time
Total assets	`Assets`	$3.15B	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
Common shares, issued (in shares)	`CommonStockSharesIssued`	98.40M	shares	Point-in-time
Common shares, issued (in shares)	`CommonStockSharesIssued`	98.14M	shares	Point-in-time
Common shares, outstanding (in shares)	`CommonStockSharesOutstanding`	98.14M	shares	Point-in-time
Common shares, outstanding (in shares)	`CommonStockSharesOutstanding`	98.40M	shares	Point-in-time
Reserve for losses and LAE	`LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseNet`	$55.14M	USD	Point-in-time
Reserve for losses and LAE	`LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseNet`	$49.46M	USD	Point-in-time
Reserve for losses and LAE	`LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseNet`	$50.02M	USD	Point-in-time
Reserve for losses and LAE	`LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseNet`	$46.85M	USD	Point-in-time
Unearned premium reserve	`UnearnedPremiums`	$295.47M	USD	Point-in-time
Unearned premium reserve	`UnearnedPremiums`	$295.23M	USD	Point-in-time
Net deferred tax liability	`DeferredIncomeTaxLiabilitiesNet`	$172.64M	USD	Point-in-time
Net deferred tax liability	`DeferredIncomeTaxLiabilitiesNet`	$216.66M	USD	Point-in-time
Credit facility borrowings (at carrying value, less unamortized deferred costs of $1,050 in 2019 and $1,336 in 2018)	`LineOfCredit`	$223.95M	USD	Point-in-time
Credit facility borrowings (at carrying value, less unamortized deferred costs of $1,050 in 2019 and $1,336 in 2018)	`LineOfCredit`	$223.66M	USD	Point-in-time
Securities purchases payable	`InvestmentRelatedLiabilities`	$5.04M	USD	Point-in-time
Securities purchases payable	`InvestmentRelatedLiabilities`	$2.04M	USD	Point-in-time
Other accrued liabilities	`OtherAccruedLiabilitiesCurrentAndNoncurrent`	$40.98M	USD	Point-in-time
Other accrued liabilities	`OtherAccruedLiabilitiesCurrentAndNoncurrent`	$39.58M	USD	Point-in-time
Total liabilities	`Liabilities`	$784.25M	USD	Point-in-time
Total liabilities	`Liabilities`	$835.61M	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 - 98,396 shares in 2019 and 98,139 shares in 2018	`CommonStockValue`	$1.47M	USD	Point-in-time
Common shares, $0.015 par value: Authorized - 233,333; issued and outstanding - 98,396 shares in 2019 and 98,139 shares in 2018	`CommonStockValue`	$1.48M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$1.11B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$1.11B	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-28.99M	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$45.36M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$1.55B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$1.28B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$2.53B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$2.00B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$2.70B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$2.10B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$2.37B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$1.94B	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$3.15B	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$3.54B	USD	Point-in-time

Income Statement 88 line items

Line Item	Tag	Value	Unit	Period
Net premiums written	`PremiumsWrittenNet`	$366.05M	USD	2 Qtrs
Net premiums written	`PremiumsWrittenNet`	$168.40M	USD	1 Quarter
Net premiums written	`PremiumsWrittenNet`	$188.40M	USD	1 Quarter
Net premiums written	`PremiumsWrittenNet`	$333.63M	USD	2 Qtrs
Decrease (increase) in unearned premiums	`IncreaseDecreaseInUnearnedPremiumsNet`	$-24.11M	USD	2 Qtrs
Decrease (increase) in unearned premiums	`IncreaseDecreaseInUnearnedPremiumsNet`	$233.00K	USD	2 Qtrs
Decrease (increase) in unearned premiums	`IncreaseDecreaseInUnearnedPremiumsNet`	$-11.45M	USD	1 Quarter
Decrease (increase) in unearned premiums	`IncreaseDecreaseInUnearnedPremiumsNet`	$86.00K	USD	1 Quarter
Net premiums earned	`PremiumsEarnedNet`	$156.96M	USD	1 Quarter
Net premiums earned	`PremiumsEarnedNet`	$188.49M	USD	1 Quarter
Net premiums earned	`PremiumsEarnedNet`	$366.28M	USD	2 Qtrs
Net premiums earned	`PremiumsEarnedNet`	$309.52M	USD	2 Qtrs
Net investment income	`NetInvestmentIncome`	$40.46M	USD	2 Qtrs
Net investment income	`NetInvestmentIncome`	$20.58M	USD	1 Quarter
Net investment income	`NetInvestmentIncome`	$28.85M	USD	2 Qtrs
Net investment income	`NetInvestmentIncome`	$15.13M	USD	1 Quarter
Realized investment gains, net	`RealizedInvestmentGainsLosses`	$1.24M	USD	2 Qtrs
Realized investment gains, net	`RealizedInvestmentGainsLosses`	$439.00K	USD	1 Quarter
Realized investment gains, net	`RealizedInvestmentGainsLosses`	$636.00K	USD	2 Qtrs
Realized investment gains, net	`RealizedInvestmentGainsLosses`	$583.00K	USD	1 Quarter
Other income	`OtherIncome`	$4.43M	USD	2 Qtrs
Other income	`OtherIncome`	$2.23M	USD	2 Qtrs
Other income	`OtherIncome`	$1.24M	USD	1 Quarter
Other income	`OtherIncome`	$2.24M	USD	1 Quarter
Total revenues	`Revenues`	$412.42M	USD	2 Qtrs
Total revenues	`Revenues`	$341.23M	USD	2 Qtrs
Total revenues	`Revenues`	$173.77M	USD	1 Quarter
Total revenues	`Revenues`	$211.89M	USD	1 Quarter
Provision for losses and LAE	`LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseIncurredClaims1`	$4.96M	USD	1 Quarter
Provision for losses and LAE	`LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseIncurredClaims1`	$7.12M	USD	2 Qtrs
Provision for losses and LAE	`LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseIncurredClaims1`	$1.81M	USD	1 Quarter
Provision for losses and LAE	`LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseIncurredClaims1`	$12.07M	USD	2 Qtrs
Other underwriting and operating expenses	`OtherUnderwritingAndOperatingExpenses`	$82.55M	USD	2 Qtrs
Other underwriting and operating expenses	`OtherUnderwritingAndOperatingExpenses`	$36.43M	USD	1 Quarter
Other underwriting and operating expenses	`OtherUnderwritingAndOperatingExpenses`	$41.52M	USD	1 Quarter
Other underwriting and operating expenses	`OtherUnderwritingAndOperatingExpenses`	$74.55M	USD	2 Qtrs
Interest expense	`InterestExpense`	$5.07M	USD	2 Qtrs
Interest expense	`InterestExpense`	$2.68M	USD	1 Quarter
Interest expense	`InterestExpense`	$2.62M	USD	1 Quarter
Interest expense	`InterestExpense`	$5.35M	USD	2 Qtrs
Total losses and expenses	`BenefitsLossesAndExpenses`	$86.74M	USD	2 Qtrs
Total losses and expenses	`BenefitsLossesAndExpenses`	$99.97M	USD	2 Qtrs
Total losses and expenses	`BenefitsLossesAndExpenses`	$40.86M	USD	1 Quarter
Total losses and expenses	`BenefitsLossesAndExpenses`	$49.16M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$162.73M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$312.45M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$132.91M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$254.49M	USD	2 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$31.66M	USD	2 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$48.33M	USD	2 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$21.15M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$26.33M	USD	1 Quarter
Net income	`NetIncomeLoss`	$264.12M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$111.75M	USD	1 Quarter
Net income	`NetIncomeLoss`	$136.41M	USD	1 Quarter
Net income	`NetIncomeLoss`	$222.82M	USD	2 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$1.15	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$2.70	USD	2 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$1.39	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$2.29	USD	2 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$2.69	USD	2 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$2.28	USD	2 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$1.39	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$1.14	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	97.80M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	97.43M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	97.70M	shares	2 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	97.36M	shares	2 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	98.17M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	98.14M	shares	2 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	97.91M	shares	2 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	97.87M	shares	1 Quarter
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$111.75M	USD	1 Quarter
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$136.41M	USD	1 Quarter
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$264.12M	USD	2 Qtrs
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$222.82M	USD	2 Qtrs
Change in unrealized appreciation (depreciation) of investments, net of tax expense (benefit) of $7,094 and ($1,418) in the three months ended June 30, 2019 and 2018 and $15,045 and ($6,611) in the six months ended June 30, 2019 and 2018	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent`	$74.35M	USD	2 Qtrs
Change in unrealized appreciation (depreciation) of investments, net of tax expense (benefit) of $7,094 and ($1,418) in the three months ended June 30, 2019 and 2018 and $15,045 and ($6,611) in the six months ended June 30, 2019 and 2018	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent`	$35.99M	USD	1 Quarter
Change in unrealized appreciation (depreciation) of investments, net of tax expense (benefit) of $7,094 and ($1,418) in the three months ended June 30, 2019 and 2018 and $15,045 and ($6,611) in the six months ended June 30, 2019 and 2018	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent`	$-7.25M	USD	1 Quarter
Change in unrealized appreciation (depreciation) of investments, net of tax expense (benefit) of $7,094 and ($1,418) in the three months ended June 30, 2019 and 2018 and $15,045 and ($6,611) in the six months ended June 30, 2019 and 2018	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent`	$-36.00M	USD	2 Qtrs
Total other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-7.25M	USD	1 Quarter
Total other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$35.99M	USD	1 Quarter
Total other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-36.00M	USD	2 Qtrs
Total other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$74.35M	USD	2 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$338.48M	USD	2 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$104.51M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$186.83M	USD	2 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$172.39M	USD	1 Quarter

Cash Flow Statement 80 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$264.12M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$111.75M	USD	1 Quarter
Net income	`NetIncomeLoss`	$136.41M	USD	1 Quarter
Net income	`NetIncomeLoss`	$222.82M	USD	2 Qtrs
Gain on the sale of investments, net	`RealizedInvestmentGainsLosses`	$1.24M	USD	2 Qtrs
Gain on the sale of investments, net	`RealizedInvestmentGainsLosses`	$439.00K	USD	1 Quarter
Gain on the sale of investments, net	`RealizedInvestmentGainsLosses`	$636.00K	USD	2 Qtrs
Gain on the sale of investments, net	`RealizedInvestmentGainsLosses`	$583.00K	USD	1 Quarter
Equity in net loss (income) of other invested assets	`IncomeLossFromEquityMethodInvestments`	$-291.00K	USD	2 Qtrs
Equity in net loss (income) of other invested assets	`IncomeLossFromEquityMethodInvestments`	-	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$1.73M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$1.83M	USD	2 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$8.32M	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`	$7.46M	USD	2 Qtrs
Deferred income tax provision	`DeferredIncomeTaxExpenseBenefit`	$28.97M	USD	2 Qtrs
Deferred income tax provision	`DeferredIncomeTaxExpenseBenefit`	$26.78M	USD	2 Qtrs
Accrued investment income	`IncreaseDecreaseInAccruedInvestmentIncomeReceivable`	$2.85M	USD	2 Qtrs
Accrued investment income	`IncreaseDecreaseInAccruedInvestmentIncomeReceivable`	$760.00K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$1.51M	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`	$-219.00K	USD	2 Qtrs
Prepaid federal income tax	`IncreaseDecreaseInMortgageGuarantyInsurerUnitedStatesMortgageGuarantyTaxAndLossBonds`	$-77.82M	USD	2 Qtrs
Prepaid federal income tax	`IncreaseDecreaseInMortgageGuarantyInsurerUnitedStatesMortgageGuarantyTaxAndLossBonds`	$28.00M	USD	2 Qtrs
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$7.83M	USD	2 Qtrs
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$11.38M	USD	2 Qtrs
Reserve for losses and LAE	`IncreaseDecreaseInLiabilityForClaimsAndClaimsAdjustmentExpenseReserve`	$3.17M	USD	2 Qtrs
Reserve for losses and LAE	`IncreaseDecreaseInLiabilityForClaimsAndClaimsAdjustmentExpenseReserve`	$5.67M	USD	2 Qtrs
Unearned premium reserve	`IncreaseDecreaseInUnearnedPremiums`	$24.11M	USD	2 Qtrs
Unearned premium reserve	`IncreaseDecreaseInUnearnedPremiums`	$-233.00K	USD	2 Qtrs
Other accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-11.82M	USD	2 Qtrs
Other accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-9.60M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$342.66M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$265.48M	USD	2 Qtrs
Net change in short-term investments	`PaymentsForProceedsFromShortTermInvestments`	$14.32M	USD	2 Qtrs
Net change in short-term investments	`PaymentsForProceedsFromShortTermInvestments`	$97.07M	USD	2 Qtrs
Purchase of investments available for sale	`PaymentsToAcquireAvailableForSaleSecuritiesDebt`	$498.21M	USD	2 Qtrs
Purchase of investments available for sale	`PaymentsToAcquireAvailableForSaleSecuritiesDebt`	$505.40M	USD	2 Qtrs
Proceeds from maturity of investments available for sale	`ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities`	$39.53M	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`	$299.44M	USD	2 Qtrs
Purchase of other invested assets	`PaymentsToAcquireEquityMethodInvestments`	$39.41M	USD	2 Qtrs
Purchase of other invested assets	`PaymentsToAcquireEquityMethodInvestments`	-	USD	2 Qtrs
Return of investment from other invested assets	`ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital`	$556.00K	USD	2 Qtrs
Return of investment from other invested assets	`ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital`	-	USD	2 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.77M	USD	2 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$2.05M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-296.94M	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`	-	USD	2 Qtrs
Credit facility repayments	`RepaymentsOfLinesOfCredit`	$40.00M	USD	2 Qtrs
Credit facility repayments	`RepaymentsOfLinesOfCredit`	-	USD	2 Qtrs
Treasury stock acquired	`PaymentsForRepurchaseOfCommonStock`	$8.22M	USD	2 Qtrs
Treasury stock acquired	`PaymentsForRepurchaseOfCommonStock`	$31.12M	USD	2 Qtrs
Payment of issuance costs for credit facility	`PaymentsOfDebtIssuanceCosts`	$15.00K	USD	2 Qtrs
Payment of issuance costs for credit facility	`PaymentsOfDebtIssuanceCosts`	$524.00K	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-8.24M	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-56.65M	USD	2 Qtrs
Net decrease in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-18.86M	USD	2 Qtrs
Net decrease in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-39.69M	USD	2 Qtrs
Cash at beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$24.66M	USD	Point-in-time
Cash at beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$64.95M	USD	Point-in-time
Cash at beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$43.52M	USD	Point-in-time
Cash at beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$25.25M	USD	Point-in-time
Cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$24.66M	USD	Point-in-time
Cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$64.95M	USD	Point-in-time
Cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$43.52M	USD	Point-in-time
Cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$25.25M	USD	Point-in-time
Income tax payments	`IncomeTaxesPaid`	$21.00M	USD	2 Qtrs
Income tax payments	`IncomeTaxesPaid`	$10.40M	USD	2 Qtrs
Interest payments	`InterestPaidNet`	$4.70M	USD	2 Qtrs
Interest payments	`InterestPaidNet`	$5.18M	USD	2 Qtrs
Repayment of borrowings with term loan proceeds	`RepaymentOfBorrowingWithProceedsFromDebt`	-	USD	2 Qtrs
Repayment of borrowings with term loan proceeds	`RepaymentOfBorrowingWithProceedsFromDebt`	$100.00M	USD	2 Qtrs
Lease liabilities arising from obtaining right-of-use assets	`RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability`	-	USD	2 Qtrs
Lease liabilities arising from obtaining right-of-use assets	`RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability`	$18.00K	USD	2 Qtrs

Stockholders Equity 28 line items

Line Item	Tag	Value	Unit	Period
Stockholders equity, beginning of period	`StockholdersEquity`	$2.53B	USD	Point-in-time
Stockholders equity, beginning of period	`StockholdersEquity`	$2.00B	USD	Point-in-time
Stockholders equity, beginning of period	`StockholdersEquity`	$2.70B	USD	Point-in-time
Stockholders equity, beginning of period	`StockholdersEquity`	$2.10B	USD	Point-in-time
Stockholders equity, beginning of period	`StockholdersEquity`	$2.37B	USD	Point-in-time
Stockholders equity, beginning of period	`StockholdersEquity`	$1.94B	USD	Point-in-time
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$111.75M	USD	1 Quarter
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$136.41M	USD	1 Quarter
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$264.12M	USD	2 Qtrs
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$222.82M	USD	2 Qtrs
Other comprehensive (loss) income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-7.25M	USD	1 Quarter
Other comprehensive (loss) income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$35.99M	USD	1 Quarter
Other comprehensive (loss) income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-36.00M	USD	2 Qtrs
Other comprehensive (loss) income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$74.35M	USD	2 Qtrs
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$4.22M	USD	1 Quarter
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$3.83M	USD	1 Quarter
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$8.32M	USD	2 Qtrs
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$7.43M	USD	2 Qtrs
Treasury stock acquired	`TreasuryStockValueAcquiredCostMethod`	$8.22M	USD	2 Qtrs
Treasury stock acquired	`TreasuryStockValueAcquiredCostMethod`	$55.00K	USD	1 Quarter
Treasury stock acquired	`TreasuryStockValueAcquiredCostMethod`	$31.12M	USD	2 Qtrs
Treasury stock acquired	`TreasuryStockValueAcquiredCostMethod`	$125.00K	USD	1 Quarter
Stockholders equity, end of period	`StockholdersEquity`	$2.53B	USD	Point-in-time
Stockholders equity, end of period	`StockholdersEquity`	$2.00B	USD	Point-in-time
Stockholders equity, end of period	`StockholdersEquity`	$2.70B	USD	Point-in-time
Stockholders equity, end of period	`StockholdersEquity`	$2.10B	USD	Point-in-time
Stockholders equity, end of period	`StockholdersEquity`	$2.37B	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`	$15.04M	USD	2 Qtrs
Change in unrealized appreciation (depreciation) of investments, tax expense (benefit)	`OtherComprehensiveIncomeAvailableforsaleSecuritiesTaxPortionAttributableToParent`	$7.09M	USD	1 Quarter
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

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