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Business Segments (Tables)
6 Months Ended
Jun. 30, 2022
Segment Reporting [Abstract]  
Financial Information Of Company Operating Segments
  Revenues  
(In thousands)Earned
Premiums (1)
Investment
Income 
OtherTotal (2)Pre-Tax Income (Loss)Net Income (Loss) to Common Stockholders
Three months ended June 30, 2022
Insurance$2,070,157 $114,124 $8,335 $2,192,616 $347,461 $276,133 
Reinsurance & Monoline Excess287,001 57,111 — 344,112 92,177 73,374 
Corporate, other and eliminations (3)— 339 147,375 147,714 (45,521)(36,149)
Net investment gains— — (171,555)(171,555)(171,555)(134,036)
Total$2,357,158 $171,574 $(15,845)$2,512,887 $222,562 $179,322 
Three months ended June 30, 2021
Insurance$1,727,202 $116,703 $8,212 $1,852,117 $291,290 $230,313 
Reinsurance & Monoline Excess244,422 46,879 — 291,301 74,794 59,334 
Corporate, other and eliminations (3)— 4,605 124,000 128,604 (90,208)(71,209)
Net investment gains— — 24,064 24,064 24,064 18,800 
Total$1,971,624 $168,187 $156,276 $2,296,086 $299,940 $237,238 
Six months ended June 30, 2022
Insurance$4,032,991 $251,778 $17,012 $4,301,781 $729,873 $591,685 
Reinsurance & Monoline Excess573,253 84,534 — 657,787 149,805 120,454 
Corporate, other and eliminations (3)— 8,774 265,245 274,019 (119,393)(95,966)
Net investment gains— — 194,710 194,710 194,710 153,787 
Total$4,606,244 $345,086 $476,967 $5,428,297 $954,995 $769,960 
Six Months Ended June 30, 2021
Insurance$3,332,181 $221,941 $16,490 $3,570,612 $548,399 $429,022 
Reinsurance & Monoline Excess489,399 84,587 — 573,986 143,443 113,806 
Corporate, other and eliminations (3)— 20,236 229,218 249,454 (154,737)(123,817)
Net investment losses— — 58,903 58,903 58,903 47,752 
Total$3,821,580 $326,764 $304,611 $4,452,955 $596,008 $466,763 
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(1) Certain amounts included in earned premiums of each segment are related to inter-segment transactions.
(2) Revenues for Insurance from foreign countries for the three months ended June 30, 2022 and 2021 were $263 million and $221 million, respectively, and for the six months ended June 30, 2022 and 2021 were $498 million and $418 million, respectively. Revenues for Reinsurance & Monoline Excess from foreign countries for the three months ended June 30, 2022 and 2021 were $93 million and $90 million, respectively, and for the six months ended June 30, 2022 and 2021 were $189 million and $178 million, respectively.(3) Corporate, other and eliminations represent corporate revenues and expenses that are not allocated to business segments
Identifiable Assets By Segment
(In thousands)June 30,
2022
December 31,
2021
Insurance$25,671,814 $24,403,918 
Reinsurance & Monoline Excess4,924,298 4,917,985 
Corporate, other and eliminations2,096,335 2,725,973 
Consolidated$32,692,447 $32,047,876 
Net Premiums Earned By Major Line Of Business Net premiums earned by major line of business are as follows:
 For the Three Months
Ended June 30,
For the Six Months
Ended June 30,
(In thousands)2022202120222021
Insurance:
Other liability$789,363 $646,321 $1,538,754 $1,255,582 
Short-tail lines (1)401,768 339,890 776,980 664,630 
Workers' compensation299,645 291,471 585,067 558,920 
Commercial automobile301,741 237,444 583,975 458,205 
Professional liability277,640 212,077 548,215 394,844 
Total Insurance2,070,157 1,727,202 4,032,991 3,332,181 
Reinsurance & Monoline Excess:
Casualty reinsurance190,659 152,531 374,781 302,169 
Monoline excess (2)54,611 48,247 106,507 94,120 
Property reinsurance41,731 43,644 91,965 93,110 
Total Reinsurance & Monoline Excess287,001 244,422 573,253 489,399 
Total$2,357,158 $1,971,624 $4,606,244 $3,821,580 
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(1) Short-tail lines include commercial multi-peril (non-liability), inland marine, accident and health, fidelity and surety, boiler and machinery and other lines.
(2) Monoline excess includes operations that solely retain risk on an excess basis.