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Consolidated Statements of Income (USD $)
In Thousands, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
REVENUES:      
Net premiums written $ 5,500,173 $ 4,898,539 $ 4,357,368
Change in net unearned premiums (273,636) (225,023) (196,501)
Net premiums earned 5,226,537 4,673,516 4,160,867
Net investment income 544,291 586,763 526,351
Insurance service fees 107,513 103,133 92,843
Net investment gains:      
Net realized gains on investment sales 127,586 201,451 125,881
Other-than-temporary impairments and change in valuation allowance (6,042) 9,014 (400)
Net investment gains 121,544 210,465 125,481
Revenues from wholly-owned investees 407,623 247,113 248,678
Other income 1,026 2,564 1,764
Total revenues 6,408,534 5,823,554 5,155,984
OPERATING COSTS AND EXPENSES:      
Losses and loss expenses 3,197,024 2,948,479 2,658,365
Other operating costs and expenses 2,000,684 1,799,623 1,626,526
Expenses from wholly-owned investees 388,761 247,222 245,495
Interest expense 123,177 126,302 112,512
Total operating costs and expenses 5,709,646 5,121,626 4,642,898
Income before income taxes 698,888 701,928 513,086
Income tax expense (193,587) (191,285) (121,945)
Net income before noncontrolling interests 505,301 510,643 391,141
Noncontrolling interests (5,376) (51) 70
Net income to common stockholders $ 499,925 $ 510,592 $ 391,211
NET INCOME PER SHARE:      
Basic (dollars per share) $ 3.69 $ 3.72 $ 2.80
Diluted (dollars per share) $ 3.55 $ 3.56 $ 2.69