10-Q Filing

ESSENT GROUP LTD. CIK: 1448893 Q2 2017

Filing Information

Form Type	10-Q
Accession Number	`0001628280-17-008165`
Period End Date	20170630
Filing Date	20170807
Fiscal Year	2017
Fiscal Period	Q2
XBRL Instance	esnt-20170630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 67 Income Statement 90 Cash Flow Statement 70 Stockholders Equity 28 Comprehensive Income 4

Balance Sheet 67 line items

Line Item	Tag	Value	Unit	Period
Fixed maturities (amortized cost: 2017 $1,705,463; 2016 $1,497,186)	`MarketableSecuritiesFixedMaturities`	$1.71B	USD	Point-in-time
Fixed maturities (amortized cost: 2017 $1,705,463; 2016 $1,497,186)	`MarketableSecuritiesFixedMaturities`	$1.48B	USD	Point-in-time
Short-term investments (amortized cost: 2017 $130,984; 2016 $132,352)	`ShortTermInvestments`	$132.35M	USD	Point-in-time
Short-term investments (amortized cost: 2017 $130,984; 2016 $132,352)	`ShortTermInvestments`	$130.98M	USD	Point-in-time
Total investments	`Investments`	$1.62B	USD	Point-in-time
Total investments	`Investments`	$1.84B	USD	Point-in-time
Cash	`Cash`	$27.53M	USD	Point-in-time
Cash	`Cash`	$27.67M	USD	Point-in-time
Accrued investment income	`AccruedInvestmentIncomeReceivable`	$9.49M	USD	Point-in-time
Accrued investment income	`AccruedInvestmentIncomeReceivable`	$10.78M	USD	Point-in-time
Amortized cost	`AvailableForSaleSecuritiesAmortizedCost`	$1.63B	USD	Point-in-time
Accounts receivable	`AccountsReceivableNet`	$26.65M	USD	Point-in-time
Accounts receivable	`AccountsReceivableNet`	$21.63M	USD	Point-in-time
Amortized cost	`AvailableForSaleSecuritiesAmortizedCost`	$1.84B	USD	Point-in-time
Deferred policy acquisition costs	`DeferredPolicyAcquisitionCosts`	$13.40M	USD	Point-in-time
Deferred policy acquisition costs	`DeferredPolicyAcquisitionCosts`	$14.04M	USD	Point-in-time
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$46.54M	USD	Point-in-time
Property and equipment (at cost, less accumulated depreciation of $48,513 in 2017 and $46,543 in 2016)	`PropertyPlantAndEquipmentNet`	$7.96M	USD	Point-in-time
Property and equipment (at cost, less accumulated depreciation of $48,513 in 2017 and $46,543 in 2016)	`PropertyPlantAndEquipmentNet`	$8.12M	USD	Point-in-time
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$48.51M	USD	Point-in-time
Prepaid federal income tax	`MortgageGuarantyInsurerUnitedStatesMortgageGuarantyTaxAndLossBonds`	$215.36M	USD	Point-in-time
Prepaid federal income tax	`MortgageGuarantyInsurerUnitedStatesMortgageGuarantyTaxAndLossBonds`	$181.27M	USD	Point-in-time
Unamortized deferred costs	`DeferredFinanceCostsGross`	$1.81M	USD	Point-in-time
Other assets	`OtherAssets`	$9.41M	USD	Point-in-time
Other assets	`OtherAssets`	$6.45M	USD	Point-in-time
Unamortized deferred costs	`DeferredFinanceCostsGross`	-	USD	Point-in-time
Total assets	`Assets`	$2.15B	USD	Point-in-time
Total assets	`Assets`	$1.88B	USD	Point-in-time
Common Shares, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common Shares, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common Shares, authorized (in shares)	`CommonStockSharesAuthorized`	233.33M	shares	Point-in-time
Common Shares, authorized (in shares)	`CommonStockSharesAuthorized`	233.33M	shares	Point-in-time
Reserve for losses and LAE	`LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseNet`	$22.47M	USD	Point-in-time
Reserve for losses and LAE	`LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseNet`	$28.14M	USD	Point-in-time
Common Shares, issued (in shares)	`CommonStockSharesIssued`	93.11M	shares	Point-in-time
Reserve for losses and LAE	`LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseNet`	$17.76M	USD	Point-in-time
Reserve for losses and LAE	`LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseNet`	$29.80M	USD	Point-in-time
Common Shares, issued (in shares)	`CommonStockSharesIssued`	93.42M	shares	Point-in-time
Unearned premium reserve	`UnearnedPremiums`	$228.76M	USD	Point-in-time
Common Shares, outstanding (in shares)	`CommonStockSharesOutstanding`	93.11M	shares	Point-in-time
Common Shares, outstanding (in shares)	`CommonStockSharesOutstanding`	93.42M	shares	Point-in-time
Unearned premium reserve	`UnearnedPremiums`	$219.62M	USD	Point-in-time
Net deferred tax liability	`DeferredTaxLiabilities`	$181.21M	USD	Point-in-time
Net deferred tax liability	`DeferredTaxLiabilities`	$142.59M	USD	Point-in-time
Credit facility borrowings (at carrying value, less unamortized deferred costs of $1,808 in 2017 and $0 in 2016)	`LineOfCredit`	$173.19M	USD	Point-in-time
Credit facility borrowings (at carrying value, less unamortized deferred costs of $1,808 in 2017 and $0 in 2016)	`LineOfCredit`	$100.00M	USD	Point-in-time
Securities purchases payable	`InvestmentRelatedLiabilities`	$15.00M	USD	Point-in-time
Securities purchases payable	`InvestmentRelatedLiabilities`	$19.77M	USD	Point-in-time
Other accrued liabilities	`OtherAccruedLiabilitiesCurrentAndNoncurrent`	$33.88M	USD	Point-in-time
Other accrued liabilities	`OtherAccruedLiabilitiesCurrentAndNoncurrent`	$22.27M	USD	Point-in-time
Total liabilities	`Liabilities`	$539.23M	USD	Point-in-time
Total liabilities	`Liabilities`	$655.00M	USD	Point-in-time
Commitments and contingencies (see Note 6)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (see Note 6)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Authorized - 233,333; issued and outstanding - 93,424 shares in 2017 and 93,105 shares in 2016	`CommonStockValue`	$1.40M	USD	Point-in-time
Authorized - 233,333; issued and outstanding - 93,424 shares in 2017 and 93,105 shares in 2016	`CommonStockValue`	$1.40M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$920.45M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$918.30M	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$1.06M	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-12.26M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$436.33M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$574.98M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$1.50B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$1.34B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$1.12B	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$2.15B	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$1.88B	USD	Point-in-time

Income Statement 90 line items

Line Item	Tag	Value	Unit	Period
Net premiums written	`PremiumsWrittenNet`	$134.06M	USD	1 Quarter
Net premiums written	`PremiumsWrittenNet`	$208.98M	USD	2 Qtrs
Net premiums written	`PremiumsWrittenNet`	$253.36M	USD	2 Qtrs
Net premiums written	`PremiumsWrittenNet`	$108.51M	USD	1 Quarter
Increase in unearned premiums	`IncreaseDecreaseInUnearnedPremiumsNet`	$-7.50M	USD	1 Quarter
Increase in unearned premiums	`IncreaseDecreaseInUnearnedPremiumsNet`	$-13.87M	USD	2 Qtrs
Increase in unearned premiums	`IncreaseDecreaseInUnearnedPremiumsNet`	$-9.15M	USD	2 Qtrs
Increase in unearned premiums	`IncreaseDecreaseInUnearnedPremiumsNet`	$-7.80M	USD	1 Quarter
Net premiums earned	`PremiumsEarnedNet`	$126.56M	USD	1 Quarter
Net premiums earned	`PremiumsEarnedNet`	$195.11M	USD	2 Qtrs
Net premiums earned	`PremiumsEarnedNet`	$244.21M	USD	2 Qtrs
Net premiums earned	`PremiumsEarnedNet`	$100.71M	USD	1 Quarter
Net investment income	`NetInvestmentIncome`	$9.40M	USD	1 Quarter
Net investment income	`NetInvestmentIncome`	$6.70M	USD	1 Quarter
Net investment income	`NetInvestmentIncome`	$17.84M	USD	2 Qtrs
Net investment income	`NetInvestmentIncome`	$12.88M	USD	2 Qtrs
Realized investment gains, net	`RealizedInvestmentGainsLosses`	$1.05M	USD	2 Qtrs
Realized investment gains, net	`RealizedInvestmentGainsLosses`	$583.00K	USD	1 Quarter
Realized investment gains, net	`RealizedInvestmentGainsLosses`	$1.20M	USD	2 Qtrs
Realized investment gains, net	`RealizedInvestmentGainsLosses`	$544.00K	USD	1 Quarter
Other income	`OtherIncome`	$1.58M	USD	2 Qtrs
Other income	`OtherIncome`	$170.00K	USD	1 Quarter
Other income	`OtherIncome`	$1.95M	USD	2 Qtrs
Other income	`OtherIncome`	$1.10M	USD	1 Quarter
Total revenues	`Revenues`	$210.63M	USD	2 Qtrs
Total revenues	`Revenues`	$265.20M	USD	2 Qtrs
Total revenues	`Revenues`	$137.61M	USD	1 Quarter
Total revenues	`Revenues`	$108.17M	USD	1 Quarter
Provision for losses and LAE	`LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseIncurredClaims1`	$1.77M	USD	1 Quarter
Provision for losses and LAE	`LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseIncurredClaims1`	$6.70M	USD	2 Qtrs
Provision for losses and LAE	`LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseIncurredClaims1`	$5.46M	USD	2 Qtrs
Provision for losses and LAE	`LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseIncurredClaims1`	$2.96M	USD	1 Quarter
Other underwriting and operating expenses	`OtherUnderwritingAndOperatingExpenses`	$35.69M	USD	1 Quarter
Other underwriting and operating expenses	`OtherUnderwritingAndOperatingExpenses`	$62.80M	USD	2 Qtrs
Other underwriting and operating expenses	`OtherUnderwritingAndOperatingExpenses`	$72.02M	USD	2 Qtrs
Other underwriting and operating expenses	`OtherUnderwritingAndOperatingExpenses`	$31.41M	USD	1 Quarter
Interest expense	`InterestExpense`	$1.19M	USD	1 Quarter
Interest expense	`InterestExpense`	-	USD	1 Quarter
Interest expense	`InterestExpense`	-	USD	2 Qtrs
Interest expense	`InterestExpense`	$1.91M	USD	2 Qtrs
Total losses and expenses	`BenefitsLossesAndExpenses`	$34.37M	USD	1 Quarter
Total losses and expenses	`BenefitsLossesAndExpenses`	$69.49M	USD	2 Qtrs
Total losses and expenses	`BenefitsLossesAndExpenses`	$79.39M	USD	2 Qtrs
Total losses and expenses	`BenefitsLossesAndExpenses`	$38.65M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$98.96M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$185.81M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$141.14M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$73.79M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$21.53M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$26.84M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$47.10M	USD	2 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$40.93M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$100.21M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$138.72M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$72.12M	USD	1 Quarter
Net income	`NetIncomeLoss`	$52.26M	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$1.52	USD	2 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.79	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.57	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$1.10	USD	2 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.57	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$1.09	USD	2 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$1.49	USD	2 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.77	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	90.91M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	91.38M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	90.85M	shares	2 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	91.32M	shares	2 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	93.16M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	92.14M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	93.09M	shares	2 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	92.00M	shares	2 Qtrs
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$72.12M	USD	1 Quarter
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$138.72M	USD	2 Qtrs
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$100.21M	USD	2 Qtrs
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$52.26M	USD	1 Quarter
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$222.61M	USD	Annual
Change in unrealized appreciation of investments, net of tax expense of $3,649 and $5,049 in the three months ended June 30, 2017 and 2016 and $5,710 and $10,763 in the six months ended June 30, 2017 and 2016	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent`	$24.06M	USD	2 Qtrs
Change in unrealized appreciation of investments, net of tax expense of $3,649 and $5,049 in the three months ended June 30, 2017 and 2016 and $5,710 and $10,763 in the six months ended June 30, 2017 and 2016	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent`	$8.47M	USD	1 Quarter
Change in unrealized appreciation of investments, net of tax expense of $3,649 and $5,049 in the three months ended June 30, 2017 and 2016 and $5,710 and $10,763 in the six months ended June 30, 2017 and 2016	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent`	$10.70M	USD	1 Quarter
Change in unrealized appreciation of investments, net of tax expense of $3,649 and $5,049 in the three months ended June 30, 2017 and 2016 and $5,710 and $10,763 in the six months ended June 30, 2017 and 2016	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent`	$13.32M	USD	2 Qtrs
Total other comprehensive income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$10.70M	USD	1 Quarter
Total other comprehensive income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-12.16M	USD	Annual
Total other comprehensive income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$13.32M	USD	2 Qtrs
Total other comprehensive income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$8.47M	USD	1 Quarter
Total other comprehensive income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$24.06M	USD	2 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$124.27M	USD	2 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$152.04M	USD	2 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$80.59M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$62.96M	USD	1 Quarter

Cash Flow Statement 70 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$100.21M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$138.72M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$72.12M	USD	1 Quarter
Net income	`NetIncomeLoss`	$52.26M	USD	1 Quarter
Gain on the sale of investments, net	`RealizedInvestmentGainsLosses`	$1.05M	USD	2 Qtrs
Gain on the sale of investments, net	`RealizedInvestmentGainsLosses`	$583.00K	USD	1 Quarter
Gain on the sale of investments, net	`RealizedInvestmentGainsLosses`	$1.20M	USD	2 Qtrs
Gain on the sale of investments, net	`RealizedInvestmentGainsLosses`	$544.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$1.97M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$2.04M	USD	2 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$7.95M	USD	2 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$9.29M	USD	2 Qtrs
Amortization of premium on investment securities	`InvestmentIncomeAmortizationOfPremium`	$5.83M	USD	2 Qtrs
Amortization of premium on investment securities	`InvestmentIncomeAmortizationOfPremium`	$5.22M	USD	2 Qtrs
Deferred income tax provision	`DeferredIncomeTaxExpenseBenefit`	$32.95M	USD	2 Qtrs
Deferred income tax provision	`DeferredIncomeTaxExpenseBenefit`	$28.26M	USD	2 Qtrs
Accrued investment income	`IncreaseDecreaseInAccruedInvestmentIncomeReceivable`	$1.29M	USD	2 Qtrs
Accrued investment income	`IncreaseDecreaseInAccruedInvestmentIncomeReceivable`	$712.00K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$4.13M	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$2.48M	USD	2 Qtrs
Deferred policy acquisition costs	`IncreaseDecreaseInDeferredPolicyAcquisitionCosts`	$637.00K	USD	2 Qtrs
Deferred policy acquisition costs	`IncreaseDecreaseInDeferredPolicyAcquisitionCosts`	$710.00K	USD	2 Qtrs
Prepaid federal income tax	`IncreaseDecreaseInMortgageGuarantyInsurerUnitedStatesMortgageGuarantyTaxAndLossBonds`	$30.36M	USD	2 Qtrs
Prepaid federal income tax	`IncreaseDecreaseInMortgageGuarantyInsurerUnitedStatesMortgageGuarantyTaxAndLossBonds`	$34.09M	USD	2 Qtrs
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$375.00K	USD	2 Qtrs
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$1.88M	USD	2 Qtrs
Reserve for losses and LAE	`IncreaseDecreaseInLiabilityForClaimsAndClaimsAdjustmentExpenseReserve`	$4.71M	USD	2 Qtrs
Reserve for losses and LAE	`IncreaseDecreaseInLiabilityForClaimsAndClaimsAdjustmentExpenseReserve`	$1.66M	USD	2 Qtrs
Unearned premium reserve	`IncreaseDecreaseInUnearnedPremiums`	$9.15M	USD	2 Qtrs
Unearned premium reserve	`IncreaseDecreaseInUnearnedPremiums`	$13.87M	USD	2 Qtrs
Other accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-3.48M	USD	2 Qtrs
Other accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-11.93M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$123.09M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$144.40M	USD	2 Qtrs
Net change in short-term investments	`PaymentsForProceedsFromShortTermInvestments`	$43.24M	USD	2 Qtrs
Net change in short-term investments	`PaymentsForProceedsFromShortTermInvestments`	$-1.36M	USD	2 Qtrs
Purchase of investments available for sale	`PaymentsToAcquireAvailableForSaleSecurities`	$396.92M	USD	2 Qtrs
Purchase of investments available for sale	`PaymentsToAcquireAvailableForSaleSecurities`	$268.02M	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`	$9.04M	USD	2 Qtrs
Proceeds from sales of investments available for sale	`ProceedsFromSaleOfAvailableForSaleSecurities`	$178.72M	USD	2 Qtrs
Proceeds from sales of investments available for sale	`ProceedsFromSaleOfAvailableForSaleSecurities`	$151.58M	USD	2 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.81M	USD	2 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$2.05M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-125.55M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-209.46M	USD	2 Qtrs
Credit facility borrowings	`ProceedsFromLongTermLinesOfCredit`	$200.00M	USD	2 Qtrs
Credit facility borrowings	`ProceedsFromLongTermLinesOfCredit`	-	USD	2 Qtrs
Credit facility repayments	`RepaymentsOfLinesOfCredit`	$125.00M	USD	2 Qtrs
Credit facility repayments	`RepaymentsOfLinesOfCredit`	-	USD	2 Qtrs
Treasury stock acquired	`PaymentsForRepurchaseOfCommonStock`	$3.88M	USD	2 Qtrs
Treasury stock acquired	`PaymentsForRepurchaseOfCommonStock`	$7.24M	USD	2 Qtrs
Payment of issuance costs for credit facility	`PaymentsOfDebtIssuanceCosts`	$2.56M	USD	2 Qtrs
Payment of issuance costs for credit facility	`PaymentsOfDebtIssuanceCosts`	$2.10M	USD	2 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$65.20M	USD	2 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-5.97M	USD	2 Qtrs
Net increase (decrease) in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-8.43M	USD	2 Qtrs
Net increase (decrease) in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$139.00K	USD	2 Qtrs
Cash at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$27.53M	USD	Point-in-time
Cash at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$16.17M	USD	Point-in-time
Cash at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$27.67M	USD	Point-in-time
Cash at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$24.61M	USD	Point-in-time
Cash at end of period	`CashAndCashEquivalentsAtCarryingValue`	$27.53M	USD	Point-in-time
Cash at end of period	`CashAndCashEquivalentsAtCarryingValue`	$16.17M	USD	Point-in-time
Cash at end of period	`CashAndCashEquivalentsAtCarryingValue`	$27.67M	USD	Point-in-time
Cash at end of period	`CashAndCashEquivalentsAtCarryingValue`	$24.61M	USD	Point-in-time
Income tax payments	`IncomeTaxesPaidNet`	$16.70M	USD	2 Qtrs
Income tax payments	`IncomeTaxesPaidNet`	$10.80M	USD	2 Qtrs
Interest payments	`InterestPaid`	$1.77M	USD	2 Qtrs
Interest payments	`InterestPaid`	-	USD	2 Qtrs

Stockholders Equity 28 line items

Line Item	Tag	Value	Unit	Period
Stockholders equity, beginning of period	`StockholdersEquity`	$1.50B	USD	Point-in-time
Stockholders equity, beginning of period	`StockholdersEquity`	$1.34B	USD	Point-in-time
Stockholders equity, beginning of period	`StockholdersEquity`	$1.12B	USD	Point-in-time
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$72.12M	USD	1 Quarter
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$138.72M	USD	2 Qtrs
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$100.21M	USD	2 Qtrs
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$52.26M	USD	1 Quarter
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$222.61M	USD	Annual
Other comprehensive (loss) income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$10.70M	USD	1 Quarter
Other comprehensive (loss) income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-12.16M	USD	Annual
Other comprehensive (loss) income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$13.32M	USD	2 Qtrs
Other comprehensive (loss) income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$8.47M	USD	1 Quarter
Other comprehensive (loss) income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$24.06M	USD	2 Qtrs
Issuance of management incentive shares	`StockIssuedDuringPeriodValueShareBasedCompensationGross`	-	USD	2 Qtrs
Issuance of management incentive shares	`StockIssuedDuringPeriodValueShareBasedCompensationGross`	-	USD	Annual
Forfeiture of management incentive shares	`StockIssuedDuringPeriodValueShareBasedCompensationForfeited`	-	USD	Annual
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$16.88M	USD	Annual
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$9.29M	USD	2 Qtrs
Cumulative effect of ASU 2016-09 adoption	`CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption`	$39.00K	USD	Point-in-time
Excess tax benefits from stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalTaxEffectFromShareBasedCompensation`	$1.08M	USD	Annual
Treasury stock acquired	`TreasuryStockValueAcquiredCostMethod`	$4.02M	USD	Annual
Treasury stock acquired	`TreasuryStockValueAcquiredCostMethod`	$7.24M	USD	2 Qtrs
Cancellation of treasury stock	`TreasuryStockRetiredCostMethodAmount`	-	USD	Annual
Cancellation of treasury stock	`TreasuryStockRetiredCostMethodAmount`	-	USD	2 Qtrs
Other equity transactions	`AdjustmentsToAdditionalPaidInCapitalOther`	$142.00K	USD	Annual
Stockholders equity, end of period	`StockholdersEquity`	$1.50B	USD	Point-in-time
Stockholders equity, end of period	`StockholdersEquity`	$1.34B	USD	Point-in-time
Stockholders equity, end of period	`StockholdersEquity`	$1.12B	USD	Point-in-time

Comprehensive Income 4 line items

Line Item	Tag	Value	Unit	Period
Change in unrealized appreciation (depreciation) of investments, tax expense (benefit)	`OtherComprehensiveIncomeAvailableforsaleSecuritiesTaxPortionAttributableToParent`	$10.76M	USD	2 Qtrs
Change in unrealized appreciation (depreciation) of investments, tax expense (benefit)	`OtherComprehensiveIncomeAvailableforsaleSecuritiesTaxPortionAttributableToParent`	$5.05M	USD	1 Quarter
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.