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Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
REVENUES:        
Net premiums written $ 1,624,104 $ 1,564,251 $ 3,289,442 $ 3,211,089
Change in net unearned premiums (43,051) 4,452 (140,981) (72,345)
Net premiums earned 1,581,053 1,568,703 3,148,461 3,138,744
Net investment income 153,777 135,264 328,295 284,123
Net realized and unrealized gains on investments 69,631 40,453 118,095 92,801
Revenues from non-insurance businesses 76,698 69,857 146,869 135,247
Insurance service fees 29,719 33,584 60,393 66,864
Other income 38 188 50 688
Total revenues 1,910,916 1,848,049 3,802,163 3,718,467
OPERATING COSTS AND EXPENSES:        
Losses and loss expenses 973,636 964,698 1,936,856 1,944,302
Other operating costs and expenses 593,142 616,632 1,203,581 1,220,332
Expenses from non-insurance businesses 75,191 68,959 144,734 134,978
Interest expense 39,705 36,799 76,760 73,597
Total operating costs and expenses 1,681,674 1,687,088 3,361,931 3,373,209
Income before income taxes 229,242 160,961 440,232 345,258
Income tax expense (48,464) (51,388) (91,881) (111,011)
Net income before noncontrolling interests 180,778 109,573 348,351 234,247
Noncontrolling interests (703) (569) (1,879) (1,796)
Net income to common stockholders $ 180,075 $ 109,004 $ 346,472 $ 232,451
NET INCOME PER SHARE:        
Basic (in dollar per share) $ 1.42 $ 0.87 $ 2.74 $ 1.88
Diluted (in dollar per share) $ 1.40 $ 0.85 $ 2.70 $ 1.81