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Consolidated Statements Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
REVENUES:        
Net premiums written $ 2,212,181 $ 1,739,818 $ 4,262,219 $ 3,585,664
Change in net unearned premiums (240,557) (62,903) (440,639) (217,331)
Net premiums earned 1,971,624 1,676,915 3,821,580 3,368,333
Net investment income 168,187 85,431 326,764 260,194
Net realized and unrealized gains (losses) on investments 20,461 61,653 72,219 (81,632)
Change in allowance for expected credit losses on investments 3,603 16,232 (13,316) (17,657)
Net investment gains (losses) 24,064 77,885 58,903 (99,289)
Revenues from non-insurance businesses 109,122 75,742 196,552 169,471
Insurance service fees 22,256 19,870 48,064 45,621
Other income 833 183 1,092 2,305
Total revenues 2,296,086 1,936,026 4,452,955 3,746,635
OPERATING COSTS AND EXPENSES:        
Losses and loss expenses 1,203,647 1,135,126 2,325,238 2,242,379
Other operating costs and expenses 647,705 580,840 1,263,973 1,159,173
Expenses from non-insurance businesses 106,698 76,238 192,989 170,996
Interest expense 38,096 38,373 74,747 75,105
Total operating costs and expenses 1,996,146 1,830,577 3,856,947 3,647,653
Income before income taxes 299,940 105,449 596,008 98,982
Income tax expense (62,262) (33,793) (126,614) (30,852)
Net income before noncontrolling interests 237,678 71,656 469,394 68,130
Noncontrolling interests (440) (396) (2,631) (1,288)
Net income to common stockholders $ 237,238 $ 71,260 $ 466,763 $ 66,842
NET INCOME PER SHARE:        
Basic (in dollar per share) $ 1.28 $ 0.38 $ 2.52 $ 0.36
Diluted (in dollar per share) $ 1.27 $ 0.38 $ 2.50 $ 0.35