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Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
REVENUES:        
Net premiums written $ 1,624,214 $ 1,571,183 $ 4,913,656 $ 4,782,272
Change in net unearned premiums (20,729) 10,317 (161,709) (62,028)
Net premiums earned 1,603,485 1,581,500 4,751,947 4,720,244
Net investment income 186,124 142,479 514,419 426,601
Net realized and unrealized gains on investments 22,334 183,959 140,429 276,760
Revenues from non-insurance businesses 95,168 89,786 242,037 225,033
Insurance service fees 30,782 33,612 91,175 100,475
Other income 9 6 59 695
Total revenues 1,937,902 2,031,342 5,740,066 5,749,808
OPERATING COSTS AND EXPENSES:        
Losses and loss expenses 1,017,720 1,081,174 2,954,575 3,025,475
Other operating costs and expenses 577,648 600,822 1,781,230 1,821,155
Expenses from non-insurance businesses 93,463 86,412 238,198 221,389
Interest expense 39,848 36,821 116,608 110,419
Total operating costs and expenses 1,728,679 1,805,229 5,090,611 5,178,438
Income before income taxes 209,223 226,113 649,455 571,370
Income tax expense (44,780) (63,295) (136,661) (174,305)
Net income before noncontrolling interests 164,443 162,818 512,794 397,065
Noncontrolling interests (2,523) (764) (4,402) (2,560)
Net income to common stockholders $ 161,920 $ 162,054 $ 508,392 $ 394,505
NET INCOME PER SHARE:        
Basic (in dollar per share) $ 1.28 $ 1.29 $ 4.02 $ 3.17
Diluted (in dollar per share) $ 1.26 $ 1.26 $ 3.96 $ 3.05