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Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
REVENUES:        
Net premiums written $ 1,571,037 $ 1,525,382 $ 4,690,364 $ 4,541,038
Change in net unearned premiums (39,479) (64,578) (193,752) (298,977)
Net premiums earned 1,531,558 1,460,804 4,496,612 4,242,061
Net investment income 133,214 179,225 385,036 486,665
Insurance service fees 35,192 26,345 107,652 81,970
Net realized investment gains 66,419 72,258 113,020 234,180
Marketable Securities, Realized Loss, Other than Temporary Impairments, Amount (12,515) 0 (12,515) 0
Revenues from wholly-owned investees 107,059 101,568 305,261 298,693
Other income 30 405 335 931
Total revenues 1,860,957 1,840,605 5,395,401 5,344,500
OPERATING COSTS AND EXPENSES:        
Losses and loss expenses 926,355 887,123 2,733,298 2,576,996
Other operating costs and expenses 573,541 544,303 1,698,169 1,593,619
Expenses from wholly-owned investees 100,500 97,797 288,900 290,823
Interest expense 31,641 32,929 99,210 93,570
Total operating costs and expenses 1,632,037 1,562,152 4,819,577 4,555,008
Income before income taxes 228,920 278,453 575,824 789,492
Income tax expense (76,184) (89,662) (181,595) (250,840)
Net income before noncontrolling interests 152,736 188,791 394,229 538,652
Noncontrolling interests (129) (252) (280) (479)
Net income to common stockholders $ 152,607 $ 188,539 $ 393,949 $ 538,173
NET INCOME PER SHARE:        
Basic $ 1.24 $ 1.48 $ 3.17 $ 4.20
Diluted $ 1.18 $ 1.42 $ 3.02 $ 4.02