W. R. Berkley Corporation Condensed Financial Information of Registrant Balance Sheets (Parent Company) Schedule II December 31, (In thousands) 2018 2017 Assets: Cash and cash equivalents $ 83,950 $ 45,062 Fixed maturity securities available for sale at fair value (cost $1,317,058 and $1,059,834 at December 31, 2018 and 2017, respectively) 1,307,347 1,052,240 Loans receivable 51,544 53,019 Equity securities, at fair value (cost $3,430 in 2018 and 2017) 3,430 3,430 Investment in subsidiaries 6,786,999 7,140,108 Current federal income taxes 9,068 — Deferred federal income taxes 66,995 — Property, furniture and equipment at cost, less accumulated depreciation 13,391 14,421 Other assets 12,340 10,819 Total assets $ 8,335,064 $ 8,319,099 Liabilities and stockholders’ equity Liabilities: Due to subsidiaries $ 116,125 $ 232,756 Other liabilities 115,562 128,002 Current federal income taxes — 10,486 Deferred federal income taxes — 51,757 Subordinated debentures 907,491 728,218 Senior notes 1,758,035 1,756,536 Total liabilities 2,897,213 2,907,755 Stockholders’ equity: Preferred stock — — Common stock 47,024 47,024 Additional paid-in capital 1,063,144 1,048,283 Retained earnings (including accumulated undistributed net income of subsidiaries of $5,068,139 and $5,073,268 at December 31, 2018 and 2017, respectively) 7,558,619 6,956,882 Accumulated other comprehensive income (510,470) 68,541 Treasury stock, at cost (2,720,466 ) (2,709,386 ) Total stockholders’ equity 5,437,851 5,411,344 Total liabilities and stockholders’ equity $ 8,335,064 $ 8,319,099 See Report of Independent Registered Public Accounting Firm and note to condensed financial statements. 114