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Industry Segments (Tables)
12 Months Ended
Dec. 31, 2016
Segment Reporting [Abstract]  
Financial Information Of Company Operating Segments
Summary financial information about the Company’s reporting segments is presented in the following table. Income before income taxes by segment includes allocated investment income. Identifiable assets by segment are those assets used in or allocated to the operation of each segment.
 
Revenues
 
 
 
 
(In thousands)
Earned
Premiums
 
Investment
Income
 
Other
 
Total (1)
 
Pre-Tax
Income
(Loss)
 
Net
Income
(Loss)
December 31, 2016:
 

 
 

 
 

 
 

 
 

 
 

Insurance
$
5,652,903

 
$
455,139

 
$
97,879

 
$
6,205,921

 
$
822,617

 
$
551,482

Reinsurance
640,445

 
78,967

 

 
719,412

 
74,799

 
51,531

Corporate, other and eliminations(2)

 
30,057

 
431,789

 
461,846

 
(267,983
)
 
(174,650
)
Net investment gains

 

 
267,005

 
267,005

 
267,005

 
173,553

Consolidated
$
6,293,348

 
$
564,163

 
$
796,673

 
$
7,654,184

 
$
896,438

 
$
601,916

 
 
 
 
 
 
 
 
 
 
 
 
December 31, 2015:
 
 
 
 
 
 
 
 
 
 
 
Insurance
$
5,431,500

 
$
410,457

 
$
96,487

 
$
5,938,444

 
$
776,593

 
$
532,286

Reinsurance
609,109

 
74,226

 

 
683,335

 
94,852

 
66,627

Corporate, other and eliminations(2)

 
27,962

 
464,392

 
492,354

 
(231,739
)
 
(155,230
)
Net investment gains

 

 
92,324

 
92,324

 
92,324

 
60,011

Consolidated
$
6,040,609

 
$
512,645

 
$
653,203

 
$
7,206,457

 
$
732,030

 
$
503,694

 
 
 
 
 
 
 
 
 
 
 
 
December 31, 2014:
 
 
 
 
 
 
 
 
 
 
 
Insurance
$
5,074,308

 
$
484,039

 
$
106,853

 
$
5,665,200

 
$
826,088

 
$
561,643

Reinsurance
670,110

 
88,821

 

 
758,931

 
115,677

 
79,720

Corporate, other and eliminations(2)

 
28,025

 
421,920

 
449,945

 
(244,421
)
 
(158,133
)
Net investment gains

 

 
254,852

 
254,852

 
254,852

 
165,654

Consolidated
$
5,744,418

 
$
600,885

 
$
783,625

 
$
7,128,928

 
$
952,196

 
$
648,884

Identifiable Assets by Segments
Identifiable Assets
(In thousands)
December 31,
 
2016
 
2015
Insurance
$
19,137,758

 
$
18,063,730

Reinsurance
2,524,338

 
2,441,340

Corporate, other and eliminations(2)
1,702,748

 
1,225,897

Consolidated
$
23,364,844

 
$
21,730,967

_______________________________________
(1) Revenues for Insurance includes $830.8 million, $828.3 million and $890.1 million in 2016, 2015 and 2014, respectively, from foreign countries. Revenues for Reinsurance includes $166.6 million, $186.6 million and $249.3 million in 2016, 2015 and 2014, respectively, from foreign countries.
(2) Corporate, other and eliminations represent corporate revenues and expenses and other items that are not allocated to business segments
Net Premiums Earned By Major Line Of Business
Net premiums earned by major line of business are as follows:
(In thousands)
2016
 
2015
 
2014
Insurance
 

 
 

 
 

Other liability
$
1,798,771

 
$
1,650,131

 
$
1,541,836

Workers' compensation
1,408,911

 
1,363,513

 
1,198,701

Short-tail lines
1,299,545

 
1,298,883

 
1,291,021

Commercial automobile
642,452

 
674,078

 
642,713

Professional liability
503,224

 
444,895

 
400,037

Total Insurance
5,652,903

 
5,431,500

 
5,074,308

Reinsurance
 
 
 
 
 
Casualty
390,863

 
421,811

 
487,264

Property
249,582

 
187,298

 
182,846

Total Reinsurance
640,445

 
609,109

 
670,110

Total
$
6,293,348

 
$
6,040,609

 
$
5,744,418