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Consolidated Statements Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
REVENUES:    
Net premiums written $ 2,851,291 $ 2,574,824
Change in net unearned premiums (86,944) (83,392)
Net premiums earned 2,764,347 2,491,432
Net investment income 319,839 223,398
Net realized and unrealized gains on investments 11,503 22,611
Change in allowance for expected credit losses on investments 14,277 399
Net investment gains 25,780 23,010
Revenues from non-insurance businesses 120,992 124,200
Insurance service fees 25,319 32,857
Other income 496 107
Total revenues 3,256,773 2,895,004
OPERATING COSTS AND EXPENSES:    
Losses and loss expenses 1,663,778 1,538,755
Other operating costs and expenses 868,589 825,575
Expenses from non-insurance businesses 118,607 122,767
Interest expense 31,728 31,836
Total operating costs and expenses 2,682,702 2,518,933
Income before income taxes 574,071 376,071
Income tax expense (132,036) (80,342)
Net income before noncontrolling interests 442,035 295,729
Noncontrolling interests 436 (1,603)
Net income to common stockholders $ 442,471 $ 294,126
NET INCOME PER SHARE:    
Basic (in dollar per share) $ 1.65 $ 1.07
Diluted (in dollar per share) $ 1.64 $ 1.06