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Consolidated Statements Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
REVENUES:        
Net premiums written $ 2,577,274 $ 2,325,138 $ 7,576,163 $ 6,587,357
Change in net unearned premiums (135,313) (244,120) (527,958) (684,759)
Net premiums earned 2,441,961 2,081,018 7,048,205 5,902,598
Net investment income 202,816 179,851 547,902 506,615
Net realized and unrealized (losses) gains on investments (66,282) 17,187 139,664 89,407
Change in allowance for expected credit losses on investments (1,128) 2,314 (12,365) (11,003)
Net investment (losses) gains (67,410) 19,501 127,299 78,404
Revenues from non-insurance businesses 119,013 120,374 345,210 316,927
Insurance service fees 27,940 21,467 82,284 69,531
Other income 80 2,072 1,797 3,163
Total revenues 2,724,400 2,424,283 8,152,697 6,877,238
OPERATING COSTS AND EXPENSES:        
Losses and loss expenses 1,564,578 1,298,392 4,339,646 3,623,630
Other operating costs and expenses 725,537 643,045 2,139,256 1,907,020
Expenses from non-insurance businesses 116,240 115,465 334,062 308,453
Interest expense 31,780 35,100 98,473 109,846
Total operating costs and expenses 2,438,135 2,092,002 6,911,437 5,948,949
Income before income taxes 286,265 332,281 1,241,260 928,289
Income tax expense (55,791) (64,963) (238,290) (191,577)
Net income before noncontrolling interests 230,474 267,318 1,002,970 736,712
Noncontrolling interests (1,595) (6,021) (4,131) (8,652)
Net income to common stockholders $ 228,879 $ 261,297 $ 998,839 $ 728,060
NET INCOME PER SHARE:        
Basic (in dollar per share) $ 0.83 $ 0.94 $ 3.61 $ 2.62
Diluted (in dollar per share) $ 0.82 $ 0.93 $ 3.57 $ 2.59