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Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
REVENUES:        
Net premiums written $ 1,607,365 $ 1,571,037 $ 4,913,656 $ 4,690,364
Change in net unearned premiums (21,421) (39,479) (240,584) (193,752)
Net premiums earned 1,585,944 1,531,558 4,673,072 4,496,612
Net investment income 145,668 133,214 404,850 385,036
Insurance service fees 32,135 35,192 109,437 107,652
Net realized investment gains 175,738 66,419 207,508 113,020
Marketable Securities, Realized Loss, Other than Temporary Impairments, Amount 0 12,515 (18,114) 12,515
Revenues from non-insurance businesses 80,242 107,059 305,787 305,261
Other income 0 30 0 335
Total revenues 2,019,727 1,860,957 5,682,540 5,395,401
OPERATING COSTS AND EXPENSES:        
Losses and loss expenses 965,856 926,355 2,852,339 2,733,298
Other operating costs and expenses 606,348 573,541 1,770,450 1,698,169
Expenses from non-insurance businesses 78,865 100,500 291,127 288,900
Interest expense 37,043 31,641 104,019 99,210
Total operating costs and expenses 1,688,112 1,632,037 5,017,935 4,819,577
Income before income taxes 331,615 228,920 664,605 575,824
Income tax expense (110,952) (76,184) (214,789) (181,595)
Net income before noncontrolling interests 220,663 152,736 449,816 394,229
Noncontrolling interests (13) (129) (689) (280)
Net income to common stockholders $ 220,650 $ 152,607 $ 449,127 $ 393,949
NET INCOME PER SHARE:        
Basic $ 1.80 $ 1.24 $ 3.66 $ 3.17
Diluted $ 1.72 $ 1.18 $ 3.50 $ 3.02