XML 14 R4.htm IDEA: XBRL DOCUMENT v3.22.1
Consolidated Statements Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
REVENUES:    
Net premiums written $ 2,413,254 $ 2,050,038
Change in net unearned premiums (164,167) (200,082)
Net premiums earned 2,249,087 1,849,956
Net investment income 173,512 158,577
Net realized and unrealized gains on investments 369,882 51,759
Change in allowance for expected credit losses on investments (3,617) (16,920)
Net investment gains 366,265 34,839
Revenues from non-insurance businesses 97,776 87,430
Insurance service fees 27,951 25,808
Other income 818 259
Total revenues 2,915,409 2,156,869
OPERATING COSTS AND EXPENSES:    
Losses and loss expenses 1,339,252 1,121,592
Other operating costs and expenses 713,899 616,268
Expenses from non-insurance businesses 94,855 86,290
Interest expense 34,970 36,651
Total operating costs and expenses 2,182,976 1,860,801
Income before income taxes 732,433 296,068
Income tax expense (139,403) (64,352)
Net income before noncontrolling interests 593,030 231,716
Noncontrolling interests (2,392) (2,191)
Net income to common stockholders $ 590,638 $ 229,525
NET INCOME PER SHARE:    
Basic (in dollar per share) $ 2.13 $ 0.83
Diluted (in dollar per share) $ 2.12 $ 0.82