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Consolidated Statements Of Operations And Comprehensive Income (Loss) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
REVENUES:    
Premiums earned $ 1,494,005 $ 1,270,454
Net investment income 74,201 84,534
Net realized capital gains (losses):    
Credit allowances on fixed maturity securities (12,099)
Other-than-temporary impairments on fixed maturity securities (2,290)
Other net realized capital gains (losses) 268,966 137,346
Total net realized capital gains (losses) 256,867 135,056
Other income (expense) (4,498) (730)
Total revenues 1,820,575 1,489,314
CLAIMS AND EXPENSES:    
Incurred losses and loss adjustment expenses 1,029,513 796,096
Commission, brokerage, taxes and fees 323,104 288,218
Other underwriting expenses 101,208 78,382
Corporate expenses 3,721 1,651
Interest, fee and bond issue cost amortization expense 7,460 9,828
Total claims and expenses 1,465,006 1,174,175
INCOME (LOSS) BEFORE TAXES 355,569 315,139
Income tax expense (benefit) 38,924 63,531
NET INCOME (LOSS) 316,645 251,608
Other comprehensive income (loss), net of tax :    
Unrealized appreciation (depreciation) ("URA(D)") on securities arising during the period (177,524) 88,449
Less: reclassification adjustment for realized losses (gains) included in net income (loss) 27,886 (1,016)
Total URA(D) on securities arising during the period (149,638) 87,433
Foreign currency translation adjustments (29,633) 9,564
Reclassification adjustment for amortization of net (gain) loss included in net income (loss) 920 1,151
Total benefit plan net gain (loss) for the period 920 1,151
Total other comprehensive income (loss), net of tax (178,351) 98,148
COMPREHENSIVE INCOME (LOSS) $ 138,294 $ 349,756