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Consolidated Statements Of Operations And Comprehensive Income (Loss) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
REVENUES:        
Premiums earned $ 556,653 $ 546,050 $ 1,527,433 $ 1,588,536
Net investment income 64,570 63,363 196,887 206,869
Net realized capital gains (losses):        
Other-than-temporary impairments on fixed maturity securities (836) (10,502) (25,242) (43,433)
Other-than-temporary impairments on fixed maturity securities transferred to other comprehensive income (loss)
Realized gain (loss) on sale of subsidiary (28,032) 94,704 (28,032) 94,704
Other net realized capital gains (losses) (21,195) (205,897) (34,001) (100,445)
Total net realized capital gains (losses) (50,063) (121,695) (87,275) (49,174)
Other income (expense) (13,208) 10,828 (10,806) 38,950
Total revenues 557,952 498,546 1,626,239 1,785,181
CLAIMS AND EXPENSES:        
Incurred losses and loss adjustment expenses 301,603 370,754 936,201 1,002,513
Commission, brokerage, taxes and fees 85,563 72,151 226,511 241,635
Other underwriting expenses 64,149 56,953 181,706 157,069
Corporate expenses 1,835 1,637 6,181 5,031
Interest, fee and bond issue cost amortization expense 8,859 8,859 26,576 26,576
Total claims and expenses 462,009 510,354 1,377,175 1,432,824
INCOME (LOSS) BEFORE TAXES 95,943 (11,808) 249,064 352,357
Income tax expense (benefit) 21,145 (7,149) 66,990 107,306
NET INCOME (LOSS) 74,798 (4,659) 182,074 245,051
Other comprehensive income (loss), net of tax :        
Unrealized appreciation (depreciation) ("URA(D)") on securities arising during the period 3,808 (29,878) 62,672 (49,866)
Less: reclassification adjustment for realized losses (gains) included in net income (loss) (2,767) 11,625 23,085 48,951
Total URA(D) on securities arising during the period 1,041 (18,253) 85,757 (915)
Foreign currency translation adjustments (2,642) (27,473) 27,779 (44,636)
Benefit plan actuarial net gain (loss) for the period
Reclassification adjustment for amortization of net (gain) loss included in net income (loss) 1,268 1,556 3,949 4,769
Total benefit plan net gain (loss) for the period 1,268 1,556 3,949 4,769
Total other comprehensive income (loss), net of tax (333) (44,170) 117,485 (40,782)
COMPREHENSIVE INCOME (LOSS) $ 74,465 $ (48,829) $ 299,559 $ 204,269