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Consolidated Statements of Operations (USD $)
In Thousands, except Per Share data
3 Months Ended9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Sep. 30, 2011
Sep. 30, 2010
REVENUES:    
Net premiums written$ 1,126,139$ 986,706$ 3,266,857$ 2,932,010
Change in net unearned premiums(70,316)(19,409)(211,293)(86,024)
Net premiums earned1,055,823967,2973,055,5642,845,986
Net investment income114,063119,143409,261392,435
Insurance service fees22,27922,17569,48764,050
Net investment gains (losses):    
Net realized gains on investment sales21,2386,32773,81226,355
Other-than-temporary impairments0(1,123)(400)(3,705)
Net investment gains21,2385,20473,41222,650
Revenues from wholly-owned investees65,92261,983175,943166,488
Other income4063101,3641,118
Total revenues1,279,7311,176,1123,785,0313,492,727
OPERATING COSTS AND EXPENSES:    
Losses and loss expenses683,980597,9071,965,3511,718,355
Other operating costs and expenses405,850369,2171,193,0401,108,007
Expenses from wholly-owned investees64,38860,963174,059159,871
Interest expense28,06826,72584,31778,780
Total operating costs and expenses1,182,2861,054,8123,416,7673,065,013
Income before income taxes97,445121,300368,264427,714
Income tax expense(20,176)(27,631)(91,485)(105,040)
Net income before noncontrolling interests77,26993,669276,779322,674
Noncontrolling interests39(50)98(238)
Net income to common stockholders$ 77,308$ 93,619$ 276,877$ 322,436
NET INCOME PER SHARE:    
Basic$ 0.56$ 0.64$ 1.97$ 2.14
Diluted$ 0.53$ 0.61$ 1.89$ 2.05