XML 15 R4.htm IDEA: XBRL DOCUMENT v3.5.0.2
Consolidated Statements Of Operations And Comprehensive Income (Loss) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
REVENUES:        
Premiums earned $ 488,855 $ 521,424 $ 970,780 $ 1,042,486
Net investment income 73,872 70,925 132,317 143,506
Net realized capital gains (losses):        
Other-than-temporary impairments on fixed maturity securities (1,391) (8,810) (24,406) (32,931)
Other-than-temporary impairments on fixed maturity securities transferred to other comprehensive income (loss)
Other net realized capital gains (losses) 30,556 60,035 (12,806) 105,452
Total net realized capital gains (losses) 29,165 51,225 (37,212) 72,521
Other income (expense) (10,700) 12,289 2,402 28,122
Total revenues 581,192 655,863 1,068,287 1,286,635
CLAIMS AND EXPENSES:        
Incurred losses and loss adjustment expenses 338,536 322,879 634,598 631,759
Commission, brokerage, taxes and fees 72,126 72,953 140,948 169,484
Other underwriting expenses 58,330 51,573 117,557 100,116
Corporate expenses 2,010 1,785 4,346 3,394
Interest, fee and bond issue cost amortization expense 8,858 8,858 17,717 17,717
Total claims and expenses 479,860 458,048 915,166 922,470
INCOME (LOSS) BEFORE TAXES 101,332 197,815 153,121 364,165
Income tax expense (benefit) 32,982 64,049 45,845 114,455
NET INCOME (LOSS) 68,350 133,766 107,276 249,710
Other comprehensive income (loss), net of tax :        
Unrealized appreciation (depreciation) ("URA(D)") on securities arising during the period 39,264 (35,938) 58,864 (19,988)
Less: reclassification adjustment for realized losses (gains) included in net income (loss) (63) 13,661 25,852 37,326
Total URA(D) on securities arising during the period 39,201 (22,277) 84,716 17,338
Foreign currency translation adjustments 15,489 16,145 30,421 (17,163)
Benefit plan actuarial net gain (loss) for the period
Reclassification adjustment for amortization of net (gain) loss included in net income (loss) 1,341 1,609 2,681 3,213
Total benefit plan net gain (loss) for the period 1,341 1,609 2,681 3,213
Total other comprehensive income (loss), net of tax 56,031 (4,523) 117,818 3,388
COMPREHENSIVE INCOME (LOSS) $ 124,381 $ 129,243 $ 225,094 $ 253,098