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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
REVENUES:        
Net premiums written $ 1,749,906 $ 1,624,214 $ 5,202,971 $ 4,913,656
Change in net unearned premiums (73,096) (20,729) (286,464) (161,709)
Net premiums earned 1,676,810 1,603,485 4,916,507 4,751,947
Net investment income 161,692 186,124 508,279 514,419
Net realized and unrealized gains on investments 1,465 22,334 143,691 140,429
Revenues from non-insurance businesses 101,880 95,168 283,005 242,037
Insurance service fees 23,681 30,782 71,440 91,175
Other income 188 9 3,200 59
Total revenues 1,965,716 1,937,902 5,926,122 5,740,066
OPERATING COSTS AND EXPENSES:        
Losses and loss expenses 1,041,471 1,017,720 3,058,950 2,954,575
Other operating costs and expenses 581,045 577,648 1,760,961 1,781,230
Expenses from non-insurance businesses 101,743 93,463 280,141 238,198
Interest expense 38,475 39,848 119,913 116,608
Total operating costs and expenses 1,762,734 1,728,679 5,219,965 5,090,611
Income before income taxes 202,982 209,223 706,157 649,455
Income tax expense (37,831) (44,780) (141,965) (136,661)
Net income before noncontrolling interests 165,151 164,443 564,192 512,794
Noncontrolling interests 57 (2,523) (1,554) (4,402)
Net income to common stockholders $ 165,208 $ 161,920 $ 562,638 $ 508,392
NET INCOME PER SHARE:        
Basic (in dollar per share) $ 0.87 $ 0.85 $ 2.95 $ 2.68
Diluted (in dollar per share) $ 0.85 $ 0.84 $ 2.91 $ 2.64