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CONSOLIDATED STATEMENTS OF INCOME (USD $)
In Thousands, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Revenues:      
Net premiums earned $ 6,309,521 $ 6,090,437 $ 5,690,130
Net investment income 957,716 1,012,348 1,137,769
Realized investment gains (losses):      
Net realized gains (losses) on investments sold 104,076 94,807 (28,187)
Other-than-temporary impairments on investments (10,266) (54,301) (174,102)
Other-than-temporary impairments on investments transferred to (from) other comprehensive income (6,033) (26,408) 13,930
Total net realized gains (losses) on investments 87,777 14,098 (188,359)
Net realized and unrealized gains (losses) on derivative instruments 7,798 5,221 (10,738)
Income (loss) from investment fund affiliates 138,391 58,504 26,253
Fee income and other 40,031 51,789 41,748
Total revenues 7,541,234 7,232,397 6,696,803
Expenses:      
Net losses and loss expenses incurred 3,731,464 3,765,482 4,078,391
Claims and policy benefits 465,702 486,195 535,074
Acquisition costs 909,323 913,492 826,411
Operating expenses 1,213,178 1,173,955 1,083,917
Foreign exchange (gains) losses (28,243) 10,545 (40,640)
Interest expense 155,462 172,204 205,592
Impairment of goodwill 0 0 429,020
Total expenses 6,446,886 6,521,873 7,117,765
Income (loss) before income tax and income (loss) from operating affiliates 1,094,348 710,524 (420,962)
Income (loss) from operating affiliates 119,804 53,887 76,786
Provision (benefit) for income tax 77,505 34,028 59,707
Net income (loss) 1,136,647 730,383 (403,883)
Non-controlling interests 76,731 79,255 70,877
Net income (loss) attributable to ordinary shareholders $ 1,059,916 $ 651,128 $ (474,760)
Weighted average ordinary shares and ordinary share equivalents outstanding - basic (in shares) 287,801 307,372 312,896
Weighted average ordinary shares and ordinary share equivalents outstanding - diluted (in shares) 292,069 310,282 312,896
Earnings (loss) per ordinary share and ordinary share equivalent - basic (in dollars per share) $ 3.68 $ 2.12 $ (1.52)
Earnings (loss) per ordinary share and ordinary share equivalent - diluted (in dollars per share) $ 3.63 $ 2.10 $ (1.52)