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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, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
REVENUES:        
Net premiums written $ 1,489,776 $ 1,341,898 $ 3,015,656 $ 2,718,864
Change in net unearned premiums (72,131) (59,383) (234,399) (204,230)
Net premiums earned 1,417,645 1,282,515 2,781,257 2,514,634
Net investment income 138,729 143,737 307,440 279,666
Insurance service fees 26,922 27,652 55,625 54,388
Net investment gains 109,168 33,058 161,922 53,027
Revenues from wholly-owned investees 104,285 83,775 197,125 175,510
Other income 240 225 526 506
Total revenues 1,796,989 1,570,962 3,503,895 3,077,731
OPERATING COSTS AND EXPENSES:        
Losses and loss expenses 867,778 805,470 1,689,873 1,550,149
Other operating costs and expenses 534,150 494,286 1,049,316 975,890
Expenses from wholly-owned investees 101,296 81,293 193,026 170,445
Interest expense 30,311 31,207 60,641 62,318
Total operating costs and expenses 1,533,535 1,412,256 2,992,856 2,758,802
Income before income taxes 263,454 158,706 511,039 318,929
Income tax expense (83,277) (43,579) (161,178) (87,204)
Net income before noncontrolling interests 180,177 115,127 349,861 231,725
Noncontrolling interests (216) 830 (227) 847
Net income to common stockholders $ 179,961 $ 115,957 $ 349,634 $ 232,572
NET INCOME PER SHARE:        
Basic $ 1.41 $ 0.85 $ 2.72 $ 1.71
Diluted $ 1.35 $ 0.82 $ 2.60 $ 1.65