XML 83 R47.htm IDEA: XBRL DOCUMENT v3.19.3
Business Segments (Tables)
 9 Months Ended
Sep. 30, 2019
Segment Reporting [Abstract]  
Financial Information Of Company Operating Segments
  
Revenues
 
 
 
 
(In thousands)
Earned
Premiums (1)
 
Investment
Income 
 
Other
 
Total (2)
 
Pre-Tax
Income
(Loss)
 
Net Income
(Loss) to Common Stockholders
Three months ended September 30, 2019
 
 
 
 
 
 
 
 
 
 
Insurance
$
1,493,854

 
$
99,628

 
$
11,611

 
$
1,605,093

 
$
202,390

 
$
162,994

Reinsurance & Monoline Excess
182,956

 
43,768

 
—

 
226,724

 
46,863

 
38,240

Corporate, other and eliminations (3)
—

 
18,296

 
114,138

 
132,434

 
(47,736
)
 
(37,184
)
Net realized and unrealized gains on investments
—

 
—

 
1,465

 
1,465

 
1,465

 
1,158

Total
$
1,676,810

 
$
161,692

 
$
127,214

 
$
1,965,716

 
$
202,982

 
$
165,208

Three months ended September 30, 2018
 
 
 
 
 
 
 
 
 
 
Insurance
$
1,447,628

 
$
124,774

 
$
19,447

 
$
1,591,849

 
$
193,588

 
$
152,396

Reinsurance & Monoline Excess
155,857

 
45,371

 
—

 
201,228

 
48,060

 
37,742

Corporate, other and eliminations (3)
—

 
15,979

 
106,512

 
122,491

 
(54,759
)
 
(45,862
)
Net realized and unrealized gains on investments
—

 
—

 
22,334

 
22,334

 
22,334

 
17,644

Total
$
1,603,485

 
$
186,124

 
$
148,293

 
$
1,937,902

 
$
209,223

 
$
161,920

Nine months ended September 30, 2019
 
 
 
 
 
 
 
 
 
 
Insurance
$
4,396,071

 
$
332,072

 
$
38,542

 
$
4,766,685

 
$
612,777

 
$
488,228

Reinsurance & Monoline Excess
520,436

 
127,791

 
—

 
648,227

 
144,353

 
115,630

Corporate, other and eliminations (3)
—

 
48,416

 
319,103

 
367,519

 
(194,664
)
 
(154,736
)
Net realized and unrealized gains on investments
—

 
—

 
143,691

 
143,691

 
143,691

 
113,516

Total
$
4,916,507

 
$
508,279

 
$
501,336

 
$
5,926,122

 
$
706,157

 
$
562,638

Nine months ended September 30, 2018
 
 
 
 
 
 
 
 
 
 
Insurance
$
4,254,497

 
$
332,814

 
$
57,123

 
$
4,644,434

 
$
555,697

 
$
438,822

Reinsurance & Monoline Excess
497,450

 
134,299

 
—

 
631,749

 
148,926

 
117,580

Corporate, other and eliminations (3)
—

 
47,306

 
276,148

 
323,454

 
(195,597
)
 
(158,949
)
Net realized and unrealized gains on investments
—

 
—

 
140,429

 
140,429

 
140,429

 
110,939

Total
$
4,751,947

 
$
514,419

 
$
473,700

 
$
5,740,066

 
$
649,455

 
$
508,392

_________________
(1)Certain amounts included in earned premiums of each segment are related to inter-segment transactions.
(2)Revenues for Insurance from foreign countries for the three months ended September 30, 2019 and 2018 were $185 million and $176 million, and for the nine months ended September 30, 2019 and 2018 were both $535 million. Revenues for Reinsurance & Monoline Excess from foreign countries for the three months ended September 30, 2019 and 2018 were $65 million and $51 million, and for the nine months ended September 30, 2019 and 2018 were $186 million and $163 million, respectively.
(3)
Corporate, other and eliminations represent corporate revenues and expenses that are not allocated to business segments
Identifiable Assets By Segment
(In thousands)
September 30,
2019
 
December 31,
2018
Insurance
$
19,778,100

 
$
18,214,293

Reinsurance & Monoline Excess
4,615,591

 
4,371,151

Corporate, other and eliminations
1,824,820

 
2,310,533

Consolidated
$
26,218,511

 
$
24,895,977
Net Premiums Earned By Major Line Of Business
Net premiums earned by major line of business are as follows:
 
For the Three Months
Ended September 30,
 
For the Nine Months
Ended September 30,
 
 
(In thousands)
2019
 
2018
 
2019
 
2018
Insurance:
 
 
 
 
 
 
 
Other liability
$
527,253

 
$
482,254

 
$
1,523,534

 
$
1,421,144

Workers’ compensation
321,872

 
337,969

 
979,059

 
999,943

Short-tail lines (1)
310,423

 
299,780

 
905,365

 
883,127

Commercial automobile
191,136

 
185,069

 
560,340

 
536,079

Professional liability
143,170

 
142,556

 
427,773

 
414,204

Total Insurance
1,493,854

 
1,447,628

 
4,396,071

 
4,254,497

 
 
 
 
 
 
 
 
Reinsurance & Monoline Excess:
 
 
 
 
 
 
 
Casualty reinsurance
106,532

 
87,039

 
292,471

 
264,450

Monoline excess (2)
40,639

 
41,029

 
119,020

 
122,506

Property reinsurance
35,785

 
27,789

 
108,945

 
110,494

Total Reinsurance & Monoline Excess
182,956

 
155,857

 
520,436

 
497,450

 
 
 
 
 
 
 
 
Total
$
1,676,810

 
$
1,603,485

 
$
4,916,507

 
$
4,751,947


______________
(1) Short-tail lines include commercial multi-peril (non-liability), inland marine, accident and health, fidelity and surety, boiler and machinery and other lines.
(2) Monoline excess includes operations that solely retain risk on an excess basis.