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Consolidated Statements Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
REVENUES:        
Net premiums written $ 2,325,138 $ 1,879,316 $ 6,587,357 $ 5,464,980
Change in net unearned premiums (244,120) (130,395) (684,759) (347,727)
Net premiums earned 2,081,018 1,748,921 5,902,598 5,117,253
Net investment income 179,851 142,650 506,615 402,844
Net realized and unrealized gains (losses) on investments 17,187 (7,772) 89,407 (89,404)
Change in allowance for expected credit losses on investments 2,314 46,750 (11,003) 29,093
Net investment gains (losses) 19,501 38,978 78,404 (60,311)
Revenues from non-insurance businesses 120,374 87,495 316,927 256,966
Insurance service fees 21,467 21,635 69,531 67,256
Other income 2,072 140 3,163 2,446
Total revenues 2,424,283 2,039,819 6,877,238 5,786,454
OPERATING COSTS AND EXPENSES:        
Losses and loss expenses 1,298,392 1,114,632 3,623,630 3,357,011
Other operating costs and expenses 643,045 593,969 1,907,020 1,753,142
Expenses from non-insurance businesses 115,465 85,036 308,453 256,032
Interest expense 35,100 39,768 109,846 114,874
Total operating costs and expenses 2,092,002 1,833,405 5,948,949 5,481,059
Income before income taxes 332,281 206,414 928,289 305,395
Income tax expense (64,963) (54,048) (191,577) (84,900)
Net income before noncontrolling interests 267,318 152,366 736,712 220,495
Noncontrolling interests (6,021) (688) (8,652) (1,975)
Net income to common stockholders $ 261,297 $ 151,678 $ 728,060 $ 218,520
NET INCOME PER SHARE:        
Basic (in dollar per share) $ 1.41 $ 0.82 $ 3.93 $ 1.17
Diluted (in dollar per share) $ 1.40 $ 0.81 $ 3.89 $ 1.15