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Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
REVENUES:      
Net premiums written $ 10,004,070 $ 8,862,867 $ 7,262,437
Change in net unearned premiums (442,641) (756,836) (331,594)
Net premiums earned 9,561,429 8,106,031 6,930,843
Net investment income 779,185 671,618 583,821
Net investment gains:      
Unrealized investment gains (losses), before tax 217,311 106,958 73,514
Change in allowance for expected credit losses on investments (14,914) (16,326) 29,486
Net investment gains 202,397 90,632 103,000
Revenues from non-insurance businesses 509,548 489,151 389,888
Insurance service fees 110,544 93,857 88,777
Other income 3,396 4,177 2,596
Total revenues 11,166,499 9,455,466 8,098,925
OPERATING COSTS AND EXPENSES:      
Losses and loss expenses 5,861,750 4,953,960 4,468,706
Other operating costs and expenses 2,961,505 2,599,270 2,390,392
Expenses from non-insurance businesses 493,189 472,151 384,488
Interest expense 130,374 147,180 150,537
Total operating costs and expenses 9,446,818 8,172,561 7,394,123
Pre-Tax Income (Loss) 1,719,681 1,282,905 704,802
Income tax expense (334,727) (251,890) (171,817)
Net income before noncontrolling interests 1,384,954 1,031,015 532,985
Noncontrolling interests (3,892) (8,525) (2,315)
Net income to common stockholders $ 1,381,062 $ 1,022,490 $ 530,670
NET INCOME PER SHARE:      
Basic (dollars per share) $ 4.99 $ 3.69 $ 1.89
Diluted (dollars per share) $ 4.94 $ 3.66 $ 1.87