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Segment Reporting (Tables)
6 Months Ended
Jun. 30, 2020
Segment Reporting [Abstract]  
Schedule Of Underwriting Results For Operating Segments

 

Three Months Ended

 

Six Months Ended

Reinsurance

June 30,

 

June 30,

(Dollars in thousands)

2020

 

2019

 

2020

 

2019

Gross written premiums

$

1,538,348

 

$

1,409,587

 

$

3,316,119

 

$

2,941,638

Net written premiums

 

1,424,089

 

 

1,234,686

 

 

3,037,183

 

 

2,629,239

 

 

 

 

 

 

 

 

 

 

 

 

Premiums earned

$

1,502,256

 

$

1,343,760

 

$

2,987,476

 

$

2,651,279

Incurred losses and LAE

 

1,005,677

 

 

783,082

 

 

2,026,319

 

 

1,555,280

Commission and brokerage

 

387,339

 

 

345,378

 

 

757,695

 

 

668,015

Other underwriting expenses

 

39,698

 

 

37,430

 

 

83,837

 

 

73,199

Underwriting gain (loss)

$

69,542

 

$

177,870

 

$

119,625

 

$

354,785

 

Three Months Ended

 

Six Months Ended

Insurance

June 30,

 

June 30,

(Dollars in thousands)

2020

 

2019

 

2020

 

2019

Gross written premiums

$

830,990

 

$

757,068

 

$

1,624,090

 

$

1,352,125

Net written premiums

 

593,389

 

 

549,297

 

 

1,181,774

 

 

1,006,442

 

 

 

 

 

 

 

 

 

 

 

 

Premiums earned

$

540,149

 

$

473,539

 

$

1,091,743

 

$

898,717

Incurred losses and LAE

 

401,339

 

 

311,548

 

 

811,537

 

 

587,900

Commission and brokerage

 

78,977

 

 

75,572

 

 

157,143

 

 

142,409

Other underwriting expenses

 

78,432

 

 

67,403

 

 

163,153

 

 

130,619

Underwriting gain (loss)

$

(18,599)

 

$

19,016

 

$

(40,090)

 

$

37,789

Schedule Of Underwriting Results For Operating Segments To Income (Loss) Before Taxes

 

Three Months Ended

 

Six Months Ended

 

June 30,

 

June 30,

(Dollars in thousands)

2020

 

2019

 

2020

 

2019

Underwriting gain (loss)

$

50,943

 

$

196,886

 

$

79,535

 

$

392,574

Net investment income

 

38,083

 

 

179,028

 

 

185,883

 

 

320,004

Net realized capital gains (losses)

 

184,648

 

 

30,272

 

 

(25,940)

 

 

122,504

Net derivative gain (loss)

 

11,869

 

 

353

 

 

(3,504)

 

 

3,584

Corporate expenses

 

(8,733)

 

 

(7,535)

 

 

(18,566)

 

 

(14,187)

Interest, fee and bond issue cost amortization expense

 

(7,253)

 

 

(8,434)

 

 

(14,836)

 

 

(16,065)

Other income (expense)

 

(32,490)

 

 

(18,225)

 

 

(9,127)

 

 

(21,525)

Income (loss) before taxes

$

237,067

 

$

372,345

 

$

193,445

 

$

786,889

Schedule Of Gross Written Premiums Derived From Largest Non-U.S. Market

 

Three Months Ended

 

Six Months Ended

 

June 30,

 

June 30,

(Dollars in thousands)

2020

 

2019

 

2020

 

2019

United Kingdom gross written premium

$

236,100

 

$

207,140

 

$

542,808

 

$

470,997