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Consolidated Statements Of Operations And Comprehensive Income (Loss) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
REVENUES:        
Premiums earned $ 546,050 $ 569,597 $ 1,588,536 $ 1,560,778
Net investment income 63,363 $ 83,446 206,869 215,869
Net realized capital gains (losses):        
Other-than-temporary impairments on fixed maturity securities $ (10,502) $ (43,433) $ (199)
Other-than-temporary impairments on fixed maturity securities transferred to other comprehensive income (loss)
Realized gain on sale of subsidiary $ 94,704   $ 94,704  
Other net realized capital gains (losses) (111,193) $ (160) (100,445) $ 121,103
Total net realized capital gains (losses) (121,695) (160) (49,174) 120,904
Other income (expense) 10,828 (3,739) 38,950 (15,576)
Total revenues 498,546 649,144 1,785,181 1,881,975
CLAIMS AND EXPENSES:        
Incurred losses and loss adjustment expenses 370,754 380,580 1,002,513 980,143
Commission, brokerage, taxes and fees 72,151 79,168 241,635 240,584
Other underwriting expenses 56,953 50,623 157,069 137,032
Corporate expenses 1,637 4,620 5,031 5,398
Interest, fee and bond issue cost amortization expense 8,859 12,292 26,576 28,539
Total claims and expenses 510,354 527,283 1,432,824 1,391,696
INCOME (LOSS) BEFORE TAXES (11,808) 121,861 352,357 490,279
Income tax expense (benefit) (7,149) 21,720 107,306 145,498
NET INCOME (LOSS) (4,659) 100,141 245,051 344,781
Other comprehensive income (loss), net of tax :        
Unrealized appreciation (depreciation) ("URA(D)") on securities arising during the period (29,878) (26,221) (49,866) 13,678
Less: reclassification adjustment for realized losses (gains) included in net income (loss) 11,625 (696) 48,951 1,459
Total URA(D) on securities arising during the period (18,253) (26,917) (915) 15,137
Foreign currency translation adjustments $ (27,473) $ (7,472) $ (44,636) $ (8,587)
Benefit plan actuarial net gain (loss) for the period
Reclassification adjustment for amortization of net (gain) loss included in net income (loss) $ 1,556 $ 825 $ 4,769 $ 2,366
Total benefit plan net gain (loss) for the period 1,556 825 4,769 2,366
Total other comprehensive income (loss), Net of tax (44,170) (33,564) (40,782) 8,916
COMPREHENSIVE INCOME (LOSS) $ (48,829) $ 66,577 $ 204,269 $ 353,697