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UNAUDITED CONSOLIDATED STATEMENTS OF INCOME (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Revenues:    
Net premiums earned $ 1,488,839 $ 1,529,691
Net investment income 233,189 246,468
Realized investment gains (losses):    
Net realized gains (losses) on investments sold 22,956 41,147
Other-than-temporary impairments on investments (2,276) (3,727)
Other-than-temporary impairments on investments transferred to (from) other comprehensive income (1,451) (911)
Net realized gains (losses) on investments 19,229 36,509
Net realized and unrealized gains (losses) on derivative instruments 1,810 7,885
Income (loss) from investment fund affiliates 33,303 32,221
Fee income and other 11,454 9,632
Total revenues 1,787,824 1,862,406
Expenses:    
Net losses and loss expenses incurred 831,505 843,084
Claims and policy benefits 113,587 110,953
Acquisition costs 199,414 220,259
Operating expenses 310,424 283,832
Exchange (gains) losses 10,441 (33,435)
Interest expense 42,941 38,700
Total expenses 1,508,312 1,463,393
Income (loss) before income tax and income (loss) from operating affiliates 279,512 399,013
Income (loss) from operating affiliates 46,285 30,998
Provision (benefit) for income tax 34,321 43,479
Net income (loss) 291,476 386,532
Non-controlling interests 35,759 35,742
Net income (loss) attributable to ordinary shareholders $ 255,717 $ 350,790
Weighted average ordinary shares and ordinary share equivalents outstanding - basic (in shares) 276,337 295,000
Weighted average ordinary shares and ordinary share equivalents outstanding - diluted (in shares) 280,458 299,469
Earnings (loss) per ordinary share and ordinary share equivalent - basic (in dollars per share) $ 0.93 $ 1.19
Earnings (loss) per ordinary share and ordinary share equivalent - diluted (in dollars per share) $ 0.91 $ 1.17