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Consolidated Statements Of Operations And Comprehensive Income (Loss) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
REVENUES:        
Premiums earned $ 468,197 $ 488,855 $ 939,252 $ 970,780
Net investment income 71,900 73,872 132,749 132,317
Net realized capital gains (losses):        
Other-than-temporary impairments on fixed maturity securities (1,574) (1,391) (2,706) (24,406)
Other-than-temporary impairments on fixed maturity securities transferred to other comprehensive income (loss)
Other net realized capital gains (losses) (90,717) 30,556 28,183 (12,806)
Total net realized capital gains (losses) (92,291) 29,165 25,477 (37,212)
Other income (expense) 10,655 (10,700) 20,510 2,402
Total revenues 458,461 581,192 1,117,988 1,068,287
CLAIMS AND EXPENSES:        
Incurred losses and loss adjustment expenses 297,228 338,536 586,950 634,598
Commission, brokerage, taxes and fees 60,513 70,409 113,020 136,774
Other underwriting expenses 64,197 58,330 124,092 117,557
Corporate expenses 1,512 2,010 5,109 4,346
Interest, fee and bond issue cost amortization expense 7,954 8,858 16,813 17,717
Total claims and expenses 431,404 478,143 845,984 910,992
INCOME (LOSS) BEFORE TAXES 27,057 103,049 272,004 157,295
Income tax expense (benefit) (8,601) 33,677 67,168 46,933
NET INCOME (LOSS) 35,658 69,372 204,836 110,362
Other comprehensive income (loss), net of tax :        
Unrealized appreciation (depreciation) ("URA(D)") on securities arising during the period 3,825 39,264 13,264 58,864
Less: reclassification adjustment for realized losses (gains) included in net income (loss) (3,477) (63) (6,944) 25,852
Total URA(D) on securities arising during the period 348 39,201 6,320 84,716
Foreign currency translation adjustments 5,372 15,489 8,939 30,421
Benefit plan actuarial net gain (loss) for the period
Reclassification adjustment for amortization of net (gain) loss included in net income (loss) 2,004 1,341 4,008 2,681
Total benefit plan net gain (loss) for the period 2,004 1,341 4,008 2,681
Total other comprehensive income (loss), net of tax 7,724 56,031 19,267 117,818
COMPREHENSIVE INCOME (LOSS) $ 43,382 $ 125,403 $ 224,103 $ 228,180