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Consolidated Statements of Operations (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
REVENUES:        
Net premiums written $ 1,341,898 $ 1,190,991 $ 2,718,864 $ 2,394,517
Change in net unearned premiums (59,383) (43,634) (204,230) (147,509)
Net premiums earned 1,282,515 1,147,357 2,514,634 2,247,008
Net investment income 143,737 161,250 279,666 318,869
Insurance service fees 27,652 27,036 54,388 50,913
Net investment gains 33,058 24,286 53,027 67,763
Change in valuation allowance, net of other-than-temporary impairments 0 0 0 4,014
Revenues from wholly-owned investees 83,775 55,434 175,510 105,109
Other income 225 384 506 776
Total revenues 1,570,962 1,415,747 3,077,731 2,794,452
OPERATING COSTS AND EXPENSES:        
Losses and loss expenses 805,470 731,202 1,550,149 1,410,674
Other operating costs and expenses 494,286 448,758 975,890 880,537
Expenses from wholly-owned investees 81,293 54,931 170,445 106,261
Interest expense 31,207 32,417 62,318 61,238
Total operating costs and expenses 1,412,256 1,267,308 2,758,802 2,458,710
Income before income taxes 158,706 148,439 318,929 335,742
Income tax expense (43,579) (39,535) (87,204) (91,606)
Net income before noncontrolling interests 115,127 108,904 231,725 244,136
Noncontrolling interests 830 (66) 847 20
Net income to common stockholders $ 115,957 $ 108,838 $ 232,572 $ 244,156
NET INCOME PER SHARE:        
Basic $ 0.85 $ 0.79 $ 1.71 $ 1.77
Diluted $ 0.82 $ 0.76 $ 1.65 $ 1.7