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Consolidated Statements Of Operations And Comprehensive Income (Loss) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
REVENUES:        
Premiums earned $ 521,424 $ 520,736 $ 1,042,486 $ 991,181
Net investment income 70,925 68,636 143,506 132,423
Net realized capital gains (losses):        
Other-than-temporary impairments on fixed maturity securities $ (8,810) $ (199) $ (32,931) $ (199)
Other-than-temporary impairments on fixed maturity securities transferred to other comprehensive income (loss)        
Other net realized capital gains (losses) $ 60,035 $ 125,313 $ 105,452 $ 121,263
Total net realized capital gains (losses) 51,225 125,114 72,521 121,064
Other income (expense) 12,289 (8,782) 28,122 (11,837)
Total revenues 655,863 705,704 1,286,635 1,232,831
CLAIMS AND EXPENSES:        
Incurred losses and loss adjustment expenses 322,879 321,517 631,759 599,563
Commission, brokerage, taxes and fees 72,953 85,322 169,484 161,416
Other underwriting expenses 51,573 47,158 100,116 86,409
Corporate expenses 1,785 (524) 3,394 778
Interest, fee and bond issue cost amortization expense 8,858 8,811 17,717 16,247
Total claims and expenses 458,048 462,284 922,470 864,413
INCOME (LOSS) BEFORE TAXES 197,815 243,420 364,165 368,418
Income tax expense (benefit) 64,049 85,246 114,455 123,778
NET INCOME (LOSS) 133,766 158,174 249,710 244,640
Other comprehensive income (loss), net of tax :        
Unrealized appreciation (depreciation) ("URA(D)") on securities arising during the period (35,938) 19,102 (19,988) 39,899
Less: reclassification adjustment for realized losses (gains) included in net income (loss) 13,661 857 37,326 2,155
Total URA(D) on securities arising during the period (22,277) 19,959 17,338 42,054
Foreign currency translation adjustments $ 16,145 $ 6,721 $ (17,163) $ (1,115)
Benefit plan actuarial net gain (loss) for the period        
Reclassification adjustment for amortization of net (gain) loss included in net income (loss) $ 1,609 $ 770 $ 3,213 $ 1,541
Total benefit plan net gain (loss) for the period 1,609 770 3,213 1,541
Total other comprehensive income (loss), net of tax (4,523) 27,450 3,388 42,480
COMPREHENSIVE INCOME (LOSS) $ 129,243 $ 185,624 $ 253,098 $ 287,120