XML 13 R4.htm IDEA: XBRL DOCUMENT v3.22.2
Consolidated Statements Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
REVENUES:        
Net premiums written $ 2,585,635 $ 2,212,181 $ 4,998,889 $ 4,262,219
Change in net unearned premiums (228,477) (240,557) (392,645) (440,639)
Net premiums earned 2,357,158 1,971,624 4,606,244 3,821,580
Net investment income 171,574 168,187 345,086 326,764
Net realized and unrealized (losses) gains on investments (163,935) 20,461 205,947 72,219
Change in allowance for expected credit losses on investments (7,620) 3,603 (11,237) (13,316)
Net investment (losses) gains (171,555) 24,064 194,710 58,903
Revenues from non-insurance businesses 128,421 109,122 226,197 196,552
Insurance service fees 26,393 22,256 54,344 48,064
Other income 896 833 1,716 1,092
Total revenues 2,512,887 2,296,086 5,428,297 4,452,955
OPERATING COSTS AND EXPENSES:        
Losses and loss expenses 1,435,817 1,203,647 2,775,069 2,325,238
Other operating costs and expenses 699,819 647,705 1,413,718 1,263,973
Expenses from non-insurance businesses 122,966 106,698 217,822 192,989
Interest expense 31,723 38,096 66,693 74,747
Total operating costs and expenses 2,290,325 1,996,146 4,473,302 3,856,947
Income before income taxes 222,562 299,940 954,995 596,008
Income tax expense (43,095) (62,262) (182,499) (126,614)
Net income before noncontrolling interests 179,467 237,678 772,496 469,394
Noncontrolling interests (145) (440) (2,536) (2,631)
Net income to common stockholders $ 179,322 $ 237,238 $ 769,960 $ 466,763
NET INCOME PER SHARE:        
Basic (in dollar per share) $ 0.65 $ 0.85 $ 2.78 $ 1.68
Diluted (in dollar per share) $ 0.64 $ 0.85 $ 2.76 $ 1.66