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Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
REVENUES:        
Net premiums written $ 1,564,251 $ 1,642,569 $ 3,211,089 $ 3,306,291
Change in net unearned premiums 4,452 (82,776) (72,345) (219,163)
Net premiums earned 1,568,703 1,559,793 3,138,744 3,087,128
Net investment income 135,264 129,049 284,123 259,182
Net realized investment gains 40,453 6,315 92,801 31,772
Other-than-temporary impairments 0 0 0 (18,114)
Insurance service fees 33,584 36,939 66,864 77,301
Revenues from non-insurance businesses 69,857 123,764 135,247 225,544
Other income 188 54 688 312
Total revenues 1,848,049 1,855,914 3,718,467 3,663,125
OPERATING COSTS AND EXPENSES:        
Losses and loss expenses 964,698 964,162 1,944,302 1,886,483
Other operating costs and expenses 616,632 581,955 1,220,332 1,164,414
Expenses from non-insurance businesses 68,959 116,731 134,978 212,262
Interest expense 36,799 34,752 73,597 66,976
Total operating costs and expenses 1,687,088 1,697,600 3,373,209 3,330,135
Income before income taxes 160,961 158,314 345,258 332,990
Income tax expense (51,388) (49,408) (111,011) (103,837)
Net income before noncontrolling interests 109,573 108,906 234,247 229,153
Noncontrolling interests (569) 61 (1,796) (676)
Net income to common stockholders $ 109,004 $ 108,967 $ 232,451 $ 228,477
NET INCOME PER SHARE:        
Basic (in dollar per share) $ 0.87 $ 0.89 $ 1.88 $ 1.86
Diluted (in dollar per share) $ 0.85 $ 0.85 $ 1.81 $ 1.78