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Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
REVENUES:      
Net premiums written $ 8,862,867 $ 7,262,437 $ 6,863,499
Change in net unearned premiums (756,836) (331,594) (230,211)
Net premiums earned 8,106,031 6,930,843 6,633,288
Net investment income 671,618 583,821 645,614
Net investment gains:      
Unrealized investment gains (losses), before tax 106,958 73,514 120,703
Change in allowance for expected credit losses on investments (16,326) 29,486 0
Net investment gains 90,632 103,000 120,703
Revenues from non-insurance businesses 489,151 389,888 406,541
Insurance service fees 93,857 88,777 92,680
Other income 4,177 2,596 3,370
Total revenues 9,455,466 8,098,925 7,902,196
OPERATING COSTS AND EXPENSES:      
Losses and loss expenses 4,953,960 4,468,706 4,131,116
Other operating costs and expenses 2,599,270 2,390,392 2,362,082
Expenses from non-insurance businesses 472,151 384,488 402,669
Interest expense 147,180 150,537 153,409
Total operating costs and expenses 8,172,561 7,394,123 7,049,276
Pre-Tax Income (Loss) 1,282,905 704,802 852,920
Income tax expense (251,890) (171,817) (168,935)
Net income before noncontrolling interests 1,031,015 532,985 683,985
Noncontrolling interests (8,525) (2,315) (2,041)
Net income to common stockholders $ 1,022,490 $ 530,670 $ 681,944
NET INCOME PER SHARE:      
Basic (dollars per share) $ 5.53 $ 2.84 $ 3.58
Diluted (dollars per share) $ 5.48 $ 2.81 $ 3.52