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Consolidated Statements of Operations (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
REVENUES:        
Net premiums written $ 1,525,382 $ 1,423,625 $ 4,541,038 $ 4,142,489
Change in net unearned premiums (64,578) (94,763) (298,977) (298,993)
Net premiums earned 1,460,804 1,328,862 4,242,061 3,843,496
Net investment income 179,225 125,634 486,665 405,300
Insurance service fees 26,345 26,121 81,970 80,509
Net investment gains 72,258 43,869 234,180 96,896
Revenues from wholly-owned investees 101,568 109,390 298,693 284,900
Other income 405 248 931 754
Total revenues 1,840,605 1,634,124 5,344,500 4,711,855
OPERATING COSTS AND EXPENSES:        
Losses and loss expenses 887,123 798,276 2,576,996 2,348,425
Other operating costs and expenses 544,303 504,096 1,593,619 1,479,986
Expenses from wholly-owned investees 97,797 103,170 290,823 273,615
Interest expense 32,929 30,349 93,570 92,667
Total operating costs and expenses 1,562,152 1,435,891 4,555,008 4,194,693
Income before income taxes 278,453 198,233 789,492 517,162
Income tax expense (89,662) (60,045) (250,840) (147,249)
Net income before noncontrolling interests 188,791 138,188 538,652 369,913
Noncontrolling interests (252) (1,214) (479) (367)
Net income to common stockholders $ 188,539 $ 136,974 $ 538,173 $ 369,546
NET INCOME PER SHARE:        
Basic $ 1.48 $ 1.01 $ 4.20 $ 2.72
Diluted $ 1.42 $ 0.97 $ 4.02 $ 2.62