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Consolidated Statements Of Operations And Comprehensive Income (Loss) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
REVENUES:      
Premiums earned $ 6,406,576 $ 5,489,035 $ 4,839,058
Net investment income 375,906 356,211 314,381
Net realized capital gains (losses):      
Credit allowances on fixed maturity securities (1,566)
Other-than-temporary impairments on fixed maturity securities (19,643) (6,164)
Other net realized capital gains (losses) 51,370 439,010 (179,192)
Total net realized capital gains (losses) 49,804 419,367 (185,356)
Other income (expense) (14,579) (1,589) (9,568)
Total revenues 6,817,707 6,263,024 4,958,515
CLAIMS AND EXPENSES:      
Incurred losses and loss adjustment expenses 4,608,144 3,829,122 4,811,018
Commission, brokerage, taxes and fees 1,373,355 1,270,053 1,141,714
Other underwriting expenses 401,033 350,901 293,347
Corporate expenses 15,985 13,063 11,034
Interest, fee and bond issue cost amortization expense 35,659 34,931 30,611
Total claims and expenses 6,434,176 5,498,070 6,287,724
INCOME (LOSS) BEFORE TAXES 383,531 764,955 (1,329,209)
Income tax expense (benefit) 31,658 135,228 (367,025)
NET INCOME (LOSS) 351,873 629,727 (962,184)
Other comprehensive income (loss), net of tax :      
Unrealized appreciation (depreciation) ("URA(D)") on securities arising during the period 163,080 175,482 (92,966)
Less: reclassification adjustment for realized losses (gains) included in net income (loss) 25,468 5,080 2,021
Total URA(D) on securities arising during the period 188,548 180,562 (90,945)
Foreign currency translation adjustments 14,461 17,153 (36,431)
Benefit plan actuarial net gain (loss) for the period (5,615) (12,591) (510)
Reclassification adjustment for amortization of net (gain) loss included in net income (loss) 6,300 5,453 5,021
Total benefit plan net gain (loss) for the period 685 (7,138) 4,511
Total other comprehensive income (loss), net of tax 203,694 190,577 (122,865)
COMPREHENSIVE INCOME (LOSS) $ 555,567 $ 820,304 $ (1,085,049)