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Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
REVENUES:      
Net premiums written $ 6,423,913 $ 6,189,515 $ 5,996,947
Change in net unearned premiums (130,565) (148,906) (252,529)
Net premiums earned 6,293,348 6,040,609 5,744,418
Net investment income 564,163 512,645 600,885
Insurance service fees 138,944 139,440 117,443
Net investment gains:      
Net realized gains on investment sales 285,119 125,633 254,852
Other-than-temporary impairments (18,114) (33,309) 0
Net investment gains 267,005 92,324 254,852
Revenues from non-insurance businesses 390,348 421,102 410,022
Other income 376 337 1,308
Total revenues 7,654,184 7,206,457 7,128,928
OPERATING COSTS AND EXPENSES:      
Losses and loss expenses 3,845,800 3,656,270 3,490,567
Other operating costs and expenses 2,395,619 2,289,750 2,157,456
Expenses from non-insurance businesses 375,431 397,461 400,535
Interest expense 140,896 130,946 128,174
Total operating costs and expenses 6,757,746 6,474,427 6,176,732
Income before income taxes 896,438 732,030 952,196
Income Tax expense (292,953) (227,923) (302,593)
Net income before noncontrolling interests 603,485 504,107 649,603
Noncontrolling interests (1,569) (413) (719)
Net income to common stockholders $ 601,916 $ 503,694 $ 648,884
NET INCOME PER SHARE:      
Basic (dollars per share) $ 4.91 $ 4.06 $ 5.07
Diluted (dollars per share) $ 4.68 $ 3.87 $ 4.86