10-Q Filing

ESSENT GROUP LTD. CIK: 1448893 Q3 2020

Filing Information

Form Type	10-Q
Accession Number	`0001448893-20-000111`
Period End Date	20200930
Filing Date	20201106
Fiscal Year	2020
Fiscal Period	Q3
XBRL Instance	esnt-20200930_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 65 Income Statement 88 Cash Flow Statement 85 Stockholders Equity 14 Comprehensive Income 4

Balance Sheet 65 line items

Line Item	Tag	Value	Unit	Period
Amortized cost	`AvailableForSaleDebtSecuritiesAmortizedCostBasis`	$4.35B	USD	Point-in-time
Amortized cost	`AvailableForSaleDebtSecuritiesAmortizedCostBasis`	$3.28B	USD	Point-in-time
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$60.16M	USD	Point-in-time
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$57.64M	USD	Point-in-time
Unamortized deferred costs	`DeferredFinanceCostsGross`	$342.00K	USD	Point-in-time
Unamortized deferred costs	`DeferredFinanceCostsGross`	$763.00K	USD	Point-in-time
Total investments available for sale	`AvailableForSaleSecuritiesDebtSecurities`	$4.50B	USD	Point-in-time
Total investments available for sale	`AvailableForSaleSecuritiesDebtSecurities`	$3.35B	USD	Point-in-time
Other invested assets	`EquityMethodInvestments`	$78.87M	USD	Point-in-time
Other invested assets	`EquityMethodInvestments`	$83.06M	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
Total investments	`Investments`	$4.59B	USD	Point-in-time
Total investments	`Investments`	$3.43B	USD	Point-in-time
Common shares, authorized (in shares)	`CommonStockSharesAuthorized`	233.33M	shares	Point-in-time
Common shares, issued (in shares)	`CommonStockSharesIssued`	98.39M	shares	Point-in-time
Cash	`Cash`	$71.35M	USD	Point-in-time
Common shares, issued (in shares)	`CommonStockSharesIssued`	112.42M	shares	Point-in-time
Cash	`Cash`	$118.69M	USD	Point-in-time
Accrued investment income	`AccruedInvestmentIncomeReceivable`	$19.15M	USD	Point-in-time
Common shares, outstanding (in shares)	`CommonStockSharesOutstanding`	98.39M	shares	Point-in-time
Accrued investment income	`AccruedInvestmentIncomeReceivable`	$18.54M	USD	Point-in-time
Common shares, outstanding (in shares)	`CommonStockSharesOutstanding`	112.42M	shares	Point-in-time
Accounts receivable	`NotesReceivableNet`	$40.66M	USD	Point-in-time
Accounts receivable	`NotesReceivableNet`	$45.43M	USD	Point-in-time
Deferred policy acquisition costs	`DeferredPolicyAcquisitionCosts`	$16.70M	USD	Point-in-time
Deferred policy acquisition costs	`DeferredPolicyAcquisitionCosts`	$15.71M	USD	Point-in-time
Property and equipment (at cost, less accumulated depreciation of $60,161 in 2020 and $57,639 in 2019)	`PropertyPlantAndEquipmentNet`	$14.60M	USD	Point-in-time
Property and equipment (at cost, less accumulated depreciation of $60,161 in 2020 and $57,639 in 2019)	`PropertyPlantAndEquipmentNet`	$17.31M	USD	Point-in-time
Prepaid federal income tax	`MortgageGuarantyInsurerUnitedStatesMortgageGuarantyTaxAndLossBonds`	$279.14M	USD	Point-in-time
Prepaid federal income tax	`MortgageGuarantyInsurerUnitedStatesMortgageGuarantyTaxAndLossBonds`	$261.88M	USD	Point-in-time
Other assets	`OtherAssets`	$18.37M	USD	Point-in-time
Other assets	`OtherAssets`	$27.96M	USD	Point-in-time
Total assets	`Assets`	$5.11B	USD	Point-in-time
Total assets	`Assets`	$3.87B	USD	Point-in-time
Reserve for losses and LAE	`LiabilityForClaimsAndClaimsAdjustmentExpense`	$61.44M	USD	Point-in-time
Reserve for losses and LAE	`LiabilityForClaimsAndClaimsAdjustmentExpense`	$69.36M	USD	Point-in-time
Reserve for losses and LAE	`LiabilityForClaimsAndClaimsAdjustmentExpense`	$49.46M	USD	Point-in-time
Reserve for losses and LAE	`LiabilityForClaimsAndClaimsAdjustmentExpense`	$307.74M	USD	Point-in-time
Unearned premium reserve	`UnearnedPremiums`	$278.89M	USD	Point-in-time
Unearned premium reserve	`UnearnedPremiums`	$258.53M	USD	Point-in-time
Net deferred tax liability	`DeferredIncomeTaxLiabilitiesNet`	$249.62M	USD	Point-in-time
Net deferred tax liability	`DeferredIncomeTaxLiabilitiesNet`	$281.51M	USD	Point-in-time
Credit facility borrowings (at carrying value, less unamortized deferred costs of $342 in 2020 and $763 in 2019)	`LineOfCredit`	$224.24M	USD	Point-in-time
Credit facility borrowings (at carrying value, less unamortized deferred costs of $342 in 2020 and $763 in 2019)	`LineOfCredit`	$424.66M	USD	Point-in-time
Other accrued liabilities	`OtherAccruedLiabilitiesCurrentAndNoncurrent`	$88.11M	USD	Point-in-time
Other accrued liabilities	`OtherAccruedLiabilitiesCurrentAndNoncurrent`	$66.47M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.36B	USD	Point-in-time
Total liabilities	`Liabilities`	$888.58M	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 - 112,423 shares in 2020 and 98,394 shares in 2019	`CommonStockValue`	$1.48M	USD	Point-in-time
Common shares, $0.015 par value: Authorized - 233,333; issued and outstanding - 112,423 shares in 2020 and 98,394 shares in 2019	`CommonStockValue`	$1.69M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$1.12B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$1.57B	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$132.43M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$56.19M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$1.81B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$2.05B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$2.86B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$2.98B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$3.75B	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$3.87B	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$5.11B	USD	Point-in-time

Income Statement 88 line items

Line Item	Tag	Value	Unit	Period
Net premiums written	`PremiumsWrittenNet`	$222.22M	USD	1 Quarter
Net premiums written	`PremiumsWrittenNet`	$564.35M	USD	3 Qtrs
Net premiums written	`PremiumsWrittenNet`	$619.87M	USD	3 Qtrs
Net premiums written	`PremiumsWrittenNet`	$198.30M	USD	1 Quarter
Decrease in unearned premiums	`IncreaseDecreaseInUnearnedPremiumsNet`	$20.36M	USD	3 Qtrs
Decrease in unearned premiums	`IncreaseDecreaseInUnearnedPremiumsNet`	$35.00K	USD	1 Quarter
Decrease in unearned premiums	`IncreaseDecreaseInUnearnedPremiumsNet`	$5.40M	USD	3 Qtrs
Decrease in unearned premiums	`IncreaseDecreaseInUnearnedPremiumsNet`	$5.17M	USD	1 Quarter
Net premiums earned	`PremiumsEarnedNet`	$569.75M	USD	3 Qtrs
Net premiums earned	`PremiumsEarnedNet`	$640.23M	USD	3 Qtrs
Net premiums earned	`PremiumsEarnedNet`	$222.26M	USD	1 Quarter
Net premiums earned	`PremiumsEarnedNet`	$203.47M	USD	1 Quarter
Net investment income	`NetInvestmentIncome`	$59.14M	USD	3 Qtrs
Net investment income	`NetInvestmentIncome`	$18.64M	USD	1 Quarter
Net investment income	`NetInvestmentIncome`	$21.10M	USD	1 Quarter
Net investment income	`NetInvestmentIncome`	$61.56M	USD	3 Qtrs
Realized investment gains, net	`RealizedInvestmentGainsLosses`	$2.13M	USD	3 Qtrs
Realized investment gains, net	`RealizedInvestmentGainsLosses`	$1.15M	USD	1 Quarter
Realized investment gains, net	`RealizedInvestmentGainsLosses`	$2.40M	USD	3 Qtrs
Realized investment gains, net	`RealizedInvestmentGainsLosses`	$267.00K	USD	1 Quarter
Other income	`OtherIncome`	$1.87M	USD	1 Quarter
Other income	`OtherIncome`	$6.46M	USD	3 Qtrs
Other income	`OtherIncome`	$657.00K	USD	1 Quarter
Other income	`OtherIncome`	$5.09M	USD	3 Qtrs
Total revenues	`Revenues`	$226.39M	USD	1 Quarter
Total revenues	`Revenues`	$638.80M	USD	3 Qtrs
Total revenues	`Revenues`	$707.96M	USD	3 Qtrs
Total revenues	`Revenues`	$243.04M	USD	1 Quarter
Provision for losses and LAE	`LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseIncurredClaims1`	$55.28M	USD	1 Quarter
Provision for losses and LAE	`LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseIncurredClaims1`	$239.22M	USD	3 Qtrs
Provision for losses and LAE	`LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseIncurredClaims1`	$22.06M	USD	3 Qtrs
Provision for losses and LAE	`LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseIncurredClaims1`	$9.99M	USD	1 Quarter
Other underwriting and operating expenses	`OtherUnderwritingAndOperatingExpenses`	$37.10M	USD	1 Quarter
Other underwriting and operating expenses	`OtherUnderwritingAndOperatingExpenses`	$117.87M	USD	3 Qtrs
Other underwriting and operating expenses	`OtherUnderwritingAndOperatingExpenses`	$124.14M	USD	3 Qtrs
Other underwriting and operating expenses	`OtherUnderwritingAndOperatingExpenses`	$41.59M	USD	1 Quarter
Interest expense	`InterestExpense`	$6.92M	USD	3 Qtrs
Interest expense	`InterestExpense`	$2.58M	USD	1 Quarter
Interest expense	`InterestExpense`	$7.93M	USD	3 Qtrs
Interest expense	`InterestExpense`	$2.23M	USD	1 Quarter
Total losses and expenses	`BenefitsLossesAndExpenses`	$154.13M	USD	3 Qtrs
Total losses and expenses	`BenefitsLossesAndExpenses`	$54.16M	USD	1 Quarter
Total losses and expenses	`BenefitsLossesAndExpenses`	$364.01M	USD	3 Qtrs
Total losses and expenses	`BenefitsLossesAndExpenses`	$94.61M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$343.94M	USD	3 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$484.68M	USD	3 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$148.43M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$172.22M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$54.51M	USD	3 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$75.92M	USD	3 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$23.89M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$27.59M	USD	1 Quarter
Net income	`NetIncomeLoss`	$124.54M	USD	1 Quarter
Net income	`NetIncomeLoss`	$144.63M	USD	1 Quarter
Net income	`NetIncomeLoss`	$289.44M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$408.75M	USD	3 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$1.48	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$1.11	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$4.18	USD	3 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$2.78	USD	3 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$2.77	USD	3 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$1.11	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$4.16	USD	3 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$1.47	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	97.74M	shares	3 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	97.82M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	104.15M	shares	3 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	111.91M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	112.13M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	98.26M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	104.38M	shares	3 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	98.18M	shares	3 Qtrs
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$408.75M	USD	3 Qtrs
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$289.44M	USD	3 Qtrs
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$124.54M	USD	1 Quarter
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$144.63M	USD	1 Quarter
Change in unrealized appreciation of investments, net of tax expense of $3,856 and $3,640 in the three months ended September 30, 2020 and 2019 and $14,469 and $18,685 in the nine months ended September 30, 2020 and 2019	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent`	$91.72M	USD	3 Qtrs
Change in unrealized appreciation of investments, net of tax expense of $3,856 and $3,640 in the three months ended September 30, 2020 and 2019 and $14,469 and $18,685 in the nine months ended September 30, 2020 and 2019	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent`	$12.04M	USD	1 Quarter
Change in unrealized appreciation of investments, net of tax expense of $3,856 and $3,640 in the three months ended September 30, 2020 and 2019 and $14,469 and $18,685 in the nine months ended September 30, 2020 and 2019	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent`	$17.37M	USD	1 Quarter
Change in unrealized appreciation of investments, net of tax expense of $3,856 and $3,640 in the three months ended September 30, 2020 and 2019 and $14,469 and $18,685 in the nine months ended September 30, 2020 and 2019	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent`	$76.25M	USD	3 Qtrs
Total other comprehensive income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$76.25M	USD	3 Qtrs
Total other comprehensive income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$12.04M	USD	1 Quarter
Total other comprehensive income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$17.37M	USD	1 Quarter
Total other comprehensive income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$91.72M	USD	3 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$136.57M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$162.00M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$500.48M	USD	3 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$365.69M	USD	3 Qtrs

Cash Flow Statement 85 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$124.54M	USD	1 Quarter
Net income	`NetIncomeLoss`	$144.63M	USD	1 Quarter
Net income	`NetIncomeLoss`	$289.44M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$408.75M	USD	3 Qtrs
Gain on the sale of investments, net	`RealizedInvestmentGainsLosses`	$2.13M	USD	3 Qtrs
Gain on the sale of investments, net	`RealizedInvestmentGainsLosses`	$1.15M	USD	1 Quarter
Gain on the sale of investments, net	`RealizedInvestmentGainsLosses`	$2.40M	USD	3 Qtrs
Gain on the sale of investments, net	`RealizedInvestmentGainsLosses`	$267.00K	USD	1 Quarter
Equity in net loss (income) of other invested assets	`IncomeLossFromEquityMethodInvestments`	$-217.00K	USD	3 Qtrs
Equity in net loss (income) of other invested assets	`IncomeLossFromEquityMethodInvestments`	$-238.00K	USD	3 Qtrs
Distribution of income from other invested assets	`EquityMethodInvestmentDividendsOrDistributions`	$1.01M	USD	3 Qtrs
Distribution of income from other invested assets	`EquityMethodInvestmentDividendsOrDistributions`	$234.00K	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$2.77M	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$2.52M	USD	3 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$12.49M	USD	3 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$13.91M	USD	3 Qtrs
Amortization of premium on investment securities	`InvestmentIncomeAmortizationOfPremium`	$18.07M	USD	3 Qtrs
Amortization of premium on investment securities	`InvestmentIncomeAmortizationOfPremium`	$11.71M	USD	3 Qtrs
Deferred income tax provision	`DeferredIncomeTaxExpenseBenefit`	$16.34M	USD	1 Quarter
Deferred income tax provision	`DeferredIncomeTaxExpenseBenefit`	$17.42M	USD	3 Qtrs
Deferred income tax provision	`DeferredIncomeTaxExpenseBenefit`	$45.32M	USD	3 Qtrs
Deferred income tax provision	`DeferredIncomeTaxExpenseBenefit`	$4.90M	USD	1 Quarter
Accrued investment income	`IncreaseDecreaseInAccruedInvestmentIncomeReceivable`	$900.00K	USD	3 Qtrs
Accrued investment income	`IncreaseDecreaseInAccruedInvestmentIncomeReceivable`	$617.00K	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$4.71M	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$2.54M	USD	3 Qtrs
Deferred policy acquisition costs	`IncreaseDecreaseInDeferredPolicyAcquisitionCosts`	$-46.00K	USD	3 Qtrs
Deferred policy acquisition costs	`IncreaseDecreaseInDeferredPolicyAcquisitionCosts`	$999.00K	USD	3 Qtrs
Prepaid federal income tax	`IncreaseDecreaseInMortgageGuarantyInsurerUnitedStatesMortgageGuarantyTaxAndLossBonds`	$44.50M	USD	3 Qtrs
Prepaid federal income tax	`IncreaseDecreaseInMortgageGuarantyInsurerUnitedStatesMortgageGuarantyTaxAndLossBonds`	$17.25M	USD	3 Qtrs
Prepaid federal income tax	`IncreaseDecreaseInMortgageGuarantyInsurerUnitedStatesMortgageGuarantyTaxAndLossBonds`	$59.50M	USD	Annual
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$7.56M	USD	3 Qtrs
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$7.43M	USD	3 Qtrs
Reserve for losses and LAE	`IncreaseDecreaseInLiabilityForClaimsAndClaimsAdjustmentExpenseReserve`	$11.97M	USD	3 Qtrs
Reserve for losses and LAE	`IncreaseDecreaseInLiabilityForClaimsAndClaimsAdjustmentExpenseReserve`	$238.38M	USD	3 Qtrs
Unearned premium reserve	`IncreaseDecreaseInUnearnedPremiums`	$-5.40M	USD	3 Qtrs
Unearned premium reserve	`IncreaseDecreaseInUnearnedPremiums`	$-20.36M	USD	3 Qtrs
Other accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-5.79M	USD	3 Qtrs
Other accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$21.17M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$424.58M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$548.51M	USD	3 Qtrs
Net change in short-term investments	`PaymentsForProceedsFromShortTermInvestments`	$637.59M	USD	3 Qtrs
Net change in short-term investments	`PaymentsForProceedsFromShortTermInvestments`	$98.20M	USD	3 Qtrs
Purchase of investments available for sale	`PaymentsToAcquireAvailableForSaleSecuritiesDebt`	$1.05B	USD	3 Qtrs
Purchase of investments available for sale	`PaymentsToAcquireAvailableForSaleSecuritiesDebt`	$778.94M	USD	3 Qtrs
Proceeds from maturity of investments available for sale	`ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities`	$68.77M	USD	3 Qtrs
Proceeds from maturity of investments available for sale	`ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities`	$185.43M	USD	3 Qtrs
Proceeds from sales of investments available for sale	`ProceedsFromSaleOfAvailableForSaleSecuritiesDebt`	$438.01M	USD	3 Qtrs
Proceeds from sales of investments available for sale	`ProceedsFromSaleOfAvailableForSaleSecuritiesDebt`	$426.02M	USD	3 Qtrs
Purchase of other invested assets	`PaymentsToAcquireEquityMethodInvestments`	$11.38M	USD	3 Qtrs
Purchase of other invested assets	`PaymentsToAcquireEquityMethodInvestments`	$44.64M	USD	3 Qtrs
Return of investment from other invested assets	`ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital`	$882.00K	USD	3 Qtrs
Return of investment from other invested assets	`ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital`	$9.05M	USD	3 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$2.30M	USD	3 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.35M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.08B	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-416.41M	USD	3 Qtrs
Issuance of common shares, net of costs	`ProceedsFromIssuanceOfCommonStock`	$440.02M	USD	3 Qtrs
Issuance of common shares, net of costs	`ProceedsFromIssuanceOfCommonStock`	-	USD	3 Qtrs
Credit facility borrowings	`ProceedsFromLongTermLinesOfCredit`	-	USD	3 Qtrs
Credit facility borrowings	`ProceedsFromLongTermLinesOfCredit`	$200.00M	USD	3 Qtrs
Treasury stock acquired	`PaymentsForRepurchaseOfCommonStock`	$6.35M	USD	3 Qtrs
Treasury stock acquired	`PaymentsForRepurchaseOfCommonStock`	$8.84M	USD	3 Qtrs
Payment of issuance costs for credit facility	`PaymentsOfDebtIssuanceCosts`	$15.00K	USD	3 Qtrs
Payment of issuance costs for credit facility	`PaymentsOfDebtIssuanceCosts`	$8.00K	USD	3 Qtrs
Dividends paid	`PaymentsOfDividendsCommonStock`	$51.50M	USD	3 Qtrs
Dividends paid	`PaymentsOfDividendsCommonStock`	$14.67M	USD	3 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-23.53M	USD	3 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$582.15M	USD	3 Qtrs
Net increase (decrease) in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$47.34M	USD	3 Qtrs
Net increase (decrease) in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-15.36M	USD	3 Qtrs
Cash at beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$118.69M	USD	Point-in-time
Cash at beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$64.95M	USD	Point-in-time
Cash at beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$49.58M	USD	Point-in-time
Cash at beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$71.35M	USD	Point-in-time
Cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$118.69M	USD	Point-in-time
Cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$64.95M	USD	Point-in-time
Cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$49.58M	USD	Point-in-time
Cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$71.35M	USD	Point-in-time
Income tax payments	`IncomeTaxesPaid`	$27.50M	USD	3 Qtrs
Income tax payments	`IncomeTaxesPaid`	$33.01M	USD	3 Qtrs
Interest payments	`InterestPaidNet`	$6.57M	USD	3 Qtrs
Interest payments	`InterestPaidNet`	$7.72M	USD	3 Qtrs
Lease liabilities arising from obtaining right-of-use assets	`RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability`	-	USD	3 Qtrs
Lease liabilities arising from obtaining right-of-use assets	`RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability`	$385.00K	USD	3 Qtrs

Stockholders Equity 14 line items

Line Item	Tag	Value	Unit	Period
Stockholders equity, beginning of period	`StockholdersEquity`	$2.86B	USD	Point-in-time
Stockholders equity, beginning of period	`StockholdersEquity`	$2.98B	USD	Point-in-time
Stockholders equity, beginning of period	`StockholdersEquity`	$3.75B	USD	Point-in-time
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$408.75M	USD	3 Qtrs
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$289.44M	USD	3 Qtrs
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$124.54M	USD	1 Quarter
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$144.63M	USD	1 Quarter
Other comprehensive income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$76.25M	USD	3 Qtrs
Other comprehensive income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$12.04M	USD	1 Quarter
Other comprehensive income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$17.37M	USD	1 Quarter
Other comprehensive income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$91.72M	USD	3 Qtrs
Stockholders equity, end of period	`StockholdersEquity`	$2.86B	USD	Point-in-time
Stockholders equity, end of period	`StockholdersEquity`	$2.98B	USD	Point-in-time
Stockholders equity, end of period	`StockholdersEquity`	$3.75B	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`	$18.68M	USD	3 Qtrs
Change in unrealized appreciation (depreciation) of investments, tax expense (benefit)	`OtherComprehensiveIncomeAvailableforsaleSecuritiesTaxPortionAttributableToParent`	$3.64M	USD	1 Quarter
Change in unrealized appreciation (depreciation) of investments, tax expense (benefit)	`OtherComprehensiveIncomeAvailableforsaleSecuritiesTaxPortionAttributableToParent`	$3.86M	USD	1 Quarter
Change in unrealized appreciation (depreciation) of investments, tax expense (benefit)	`OtherComprehensiveIncomeAvailableforsaleSecuritiesTaxPortionAttributableToParent`	$14.47M	USD	3 Qtrs

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