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Consolidated Statements Of Operations And Comprehensive Income (Loss) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
REVENUES:        
Premiums earned $ 2,656,403 $ 2,205,811 $ 7,602,640 $ 6,285,030
Net investment income 292,759 234,233 960,267 420,116
Net realized capital gains (losses):        
Credit allowances on fixed maturity securities (7,329) 6,196 (30,234) (19,641)
Other net realized capital gains (losses) 3,107 104,007 169,023 103,904
Total net realized capital gains (losses) (4,222) 110,203 138,789 84,263
Other income (expense) (19,517) 59,937 44,190 47,306
Total revenues 2,925,423 2,610,184 8,745,886 6,836,715
CLAIMS AND EXPENSES:        
Incurred losses and loss adjustment expenses 2,274,301 1,736,210 5,571,861 4,574,066
Commission, brokerage, taxes and fees 564,335 445,332 1,611,095 1,360,170
Other underwriting expenses 141,150 138,875 424,225 385,865
Corporate expenses 17,817 10,618 46,363 29,184
Interest, fees and bond issue cost amortization expense 15,539 6,641 46,785 21,477
Total claims and expenses 3,013,142 2,337,676 7,700,329 6,370,762
INCOME (LOSS) BEFORE TAXES (87,719) 272,508 1,045,557 465,953
Income tax expense (benefit) (14,251) 29,451 97,181 15,404
NET INCOME (LOSS) (73,468) 243,057 948,376 450,549
Other comprehensive income (loss), net of tax:        
Unrealized appreciation (depreciation) ("URA(D)") on securities arising during the period (100,021) 63,480 (304,465) 335,835
Reclassification adjustment for realized losses (gains) included in net income (loss) (1,388) (11,453) (3,464) 12,689
Total URA(D) on securities arising during the period (101,409) 52,027 (307,929) 348,524
Foreign currency translation adjustments (53,599) 60,628 (28,886) 30,390
Reclassification adjustment for amortization of net (gain) loss included in net income (loss) 1,563 1,806 5,649 4,532
Total benefit plan net gain (loss) for the period 1,563 1,806 5,649 4,532
Total other comprehensive income (loss), net of tax (153,445) 114,461 (331,166) 383,446
COMPREHENSIVE INCOME (LOSS) $ (226,913) $ 357,518 $ 617,210 $ 833,995
EARNINGS PER COMMON SHARE:        
Basic $ (1.88) $ 6.08 $ 23.74 $ 11.20
Diluted $ (1.88) $ 6.07 $ 23.72 $ 11.18