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Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
REVENUES:      
Net premiums written $ 6,863,499 $ 6,433,227 $ 6,260,508
Change in net unearned premiums (230,211) (61,722) 50,911
Net premiums earned 6,633,288 6,371,505 6,311,419
Net investment income 645,614 674,235 575,788
Net realized and unrealized gains on investments:      
Net realized and unrealized gains before OTTI 120,703 160,175 335,858
Other-than-temporary impairments (OTTI) 0 (5,687) 0
Net realized and unrealized gains on investments 120,703 154,488 335,858
Revenues from non-insurance businesses 406,541 372,985 326,165
Insurance service fees 92,680 117,757 134,729
Other income 3,370 681 805
Total revenues 7,902,196 7,691,651 7,684,764
OPERATING COSTS AND EXPENSES:      
Losses and loss expenses 4,131,116 3,974,702 4,002,348
Other operating costs and expenses 2,362,082 2,383,221 2,436,932
Expenses from non-insurance businesses 402,669 364,449 325,417
Interest expense 153,409 157,185 147,297
Total operating costs and expenses 7,049,276 6,879,557 6,911,994
Income before income taxes 852,920 812,094 772,770
Income tax expense (168,935) (163,028) (219,433)
Net income before noncontrolling interests 683,985 649,066 553,337
Noncontrolling interests (2,041) (8,317) (4,243)
Net income to common stockholders $ 681,944 $ 640,749 $ 549,094
NET INCOME PER SHARE:      
Basic (dollars per share) $ 3.58 $ 3.37 $ 2.93
Diluted (dollars per share) $ 3.52 $ 3.33 $ 2.84