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UNAUDITED CONSOLIDATED STATEMENTS OF INCOME (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Sep. 30, 2013
Sep. 30, 2012
Revenues:        
Net premiums earned $ 1,625,312 $ 1,548,041 $ 4,717,396 $ 4,471,051
Net investment income 237,921 239,481 716,935 767,354
Realized investment gains (losses):        
Net realized gains (losses) on investments sold 1,229 7,136 85,733 64,703
Other-than-temporary impairments on investments (2,388) (10,295) (7,676) (45,027)
Other-than-temporary impairments on investments transferred to (from) other comprehensive income (799) (2,334) (2,538) (16,760)
Net realized gains (losses) on investments (1,958) (5,493) 75,519 2,916
Net realized and unrealized gains (losses) on derivative instruments 880 6,254 3,660 2,656
Income (loss) from investment fund affiliates 5,079 16,049 83,843 38,555
Fee income and other 10,875 13,306 31,378 36,378
Total revenues 1,878,109 1,817,638 5,628,731 5,318,910
Expenses:        
Net losses and loss expenses incurred 1,006,520 894,077 2,787,210 2,574,497
Claims and policy benefits 116,549 119,438 344,269 371,893
Acquisition costs 238,328 236,347 690,473 679,434
Operating expenses 311,506 305,745 898,497 887,210
Exchange (gains) losses 20,303 18,690 (24,463) 13,432
Interest expense 37,926 37,907 114,830 134,564
Total expenses 1,731,132 1,612,204 4,810,816 4,661,030
Income (loss) before income tax and income (loss) from operating affiliates 146,977 205,434 817,915 657,880
Income (loss) from operating affiliates 24,590 2,763 88,413 39,473
Provision (benefit) for income tax 897 451 73,248 51,813
Net income (loss) 170,670 207,746 833,080 645,540
Non-controlling interests 35,022 35,844 73,944 75,856
Net income (loss) attributable to ordinary shareholders $ 135,648 $ 171,902 $ 759,136 $ 569,684
Weighted average ordinary shares and ordinary share equivalents outstanding - basic (in shares) 285,393 304,199 289,957 309,675
Weighted average ordinary shares and ordinary share equivalents outstanding - diluted (in shares) 290,490 307,764 294,828 312,602
Earnings (loss) per ordinary share and ordinary share equivalent - basic (in dollars per share) $ 0.48 $ 0.57 $ 2.62 $ 1.84
Earnings (loss) per ordinary share and ordinary share equivalent - diluted (in dollars per share) $ 0.47 $ 0.56 $ 2.57 $ 1.82