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Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
REVENUES:        
Net premiums written $ 1,543,925 $ 1,489,776 $ 3,119,327 $ 3,015,656
Change in net unearned premiums (50,884) (72,131) (154,273) (234,399)
Net premiums earned 1,493,041 1,417,645 2,965,054 2,781,257
Net investment income 127,583 138,729 251,822 307,440
Insurance service fees 35,942 26,922 72,460 55,625
Net realized investment gains 27,557 109,168 46,601 161,922
Revenues from wholly-owned investees 105,596 104,285 198,202 197,125
Other income 46 240 305 526
Total revenues 1,789,765 1,796,989 3,534,444 3,503,895
OPERATING COSTS AND EXPENSES:        
Losses and loss expenses 906,235 867,778 1,806,943 1,689,873
Other operating costs and expenses 573,582 534,150 1,124,628 1,049,316
Expenses from wholly-owned investees 98,730 101,296 188,400 193,026
Interest expense 33,031 30,311 67,569 60,641
Total operating costs and expenses 1,611,578 1,533,535 3,187,540 2,992,856
Income before income taxes 178,187 263,454 346,904 511,039
Income tax expense (55,138) (83,277) (105,411) (161,178)
Net income before noncontrolling interests 123,049 180,177 241,493 349,861
Noncontrolling interests (14) (216) (151) (227)
Net income to common stockholders $ 123,035 $ 179,961 $ 241,342 $ 349,634
NET INCOME PER SHARE:        
Basic $ 0.99 $ 1.41 $ 1.93 $ 2.72
Diluted $ 0.95 $ 1.35 $ 1.84 $ 2.60