Unaudited Quarterly Financial Data

12 Months Ended

Dec. 31, 2014

Unaudited Quarterly Financial Data [Abstract]

20. UNAUDITED QUARTERLY FINANCIAL DATA

Summarized quarterly financial data for the periods indicated:


	2014
(Dollars in thousands)	1st Quarter			2nd Quarter		3rd Quarter			4th Quarter

Operating data:
Gross written premiums	$	1,084,455		$	1,224,820	$	1,453,394		$	1,202,625
Net written premiums		499,704			492,727		611,916			502,627

Premiums earned		470,445			520,736		569,597			552,948
Net investment income		63,787			68,636		83,446			74,441
Net realized capital gains (losses)		(4,050	)		125,114		(160	)		85,775
Total claims and underwriting expenses		393,391			453,997		510,371			527,768
Net income (loss)		86,466			158,174		100,141			109,345


	2013
(Dollars in thousands)	1st Quarter		2nd Quarter		3rd Quarter		4th Quarter

Operating data:
Gross written premiums	$	983,746	$	1,080,305	$	1,239,528	$	1,133,889
Net written premiums		476,167		531,610		585,262		524,338

Premiums earned		448,006		490,022		523,521		544,812
Net investment income		76,869		81,736		68,828		69,563
Net realized capital gains (losses)		309,806		15,526		208,426		189,391
Total claims and underwriting expenses		380,285		453,548		427,626		498,118
Net income (loss)		285,651		85,262		243,753		183,597

- Definition

The entire disclosure for the quarterly financial data in the annual financial statements. The disclosure may include a tabular presentation of financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income or loss before extraordinary items and earnings per share data. It also includes an indication if the information in the note is unaudited, comments on the aggregate effect of year-end adjustments, and an explanation of matters or transactions that affect comparability or are pertinent to an understanding of the information furnished.

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