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Consolidated Statements Of Income And Comprehensive Income (Loss) (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
OPERATING REVENUES        
Earned premiums $ 530,537 $ 509,203 $ 1,573,189 $ 1,462,515
Net investment income 64,438 62,199 207,834 196,551
Other-than-temporary impairment losses (3,159) (9,846) (4,151) (11,553)
Other-than-temporary impairment losses recognized in other comprehensive income (loss) 0 (138) 0 (3,306)
Other-than-temporary impairment losses recognized in net income (3,159) (9,984) (4,151) (14,859)
Net realized investment gains, excluding other-than-temporary impairment losses 8,390 22,823 29,507 40,282
Net realized investment gains 5,231 12,839 25,356 25,423
Other revenues 165,569 91,847 385,778 260,361
Total Operating Revenues 765,775 676,088 2,192,157 1,944,850
OPERATING EXPENSES        
Losses and loss adjustment expenses 303,459 306,632 813,074 927,643
Underwriting, acquisition and insurance expenses 231,841 202,316 695,322 601,511
Amortization of intangible assets 7,959 6,023 25,078 17,586
Other expenses 145,339 70,302 343,462 218,270
Total Operating Expenses 688,598 585,273 1,876,936 1,765,010
Operating Income 77,177 90,815 315,221 179,840
Interest expense 24,692 23,656 69,068 64,516
Income Before Income Taxes 52,485 67,159 246,153 115,324
Income tax expense 811 12,490 45,998 19,145
Net Income 51,674 54,669 200,155 96,179
Net income attributable to noncontrolling interests 2,021 1,405 3,562 4,329
Net Income to Shareholders 49,653 53,264 196,593 91,850
OTHER COMPREHENSIVE INCOME (LOSS)        
Net holding gains (losses) arising during the period 100,630 (90,330) 246,056 (5,606)
Unrealized other-than-temporary impairment losses on fixed maturities arising during the period (128) 189 (136) 1,657
Reclassification adjustments for net gains included in net income (6,484) (7,995) (20,154) (15,286)
Change in net unrealized gains on investments, net of taxes 94,018 (98,136) 225,766 (19,235)
Change in foreign currency translation adjustments, net of taxes 3,266 (8,133) 2,927 (5,538)
Change in net actuarial pension loss, net of taxes 522 379 1,487 1,080
Total Other Comprehensive Income (Loss) 97,806 (105,890) 230,180 (23,693)
Comprehensive Income (Loss) 149,480 (51,221) 430,335 72,486
Comprehensive income attributable to noncontrolling interests 2,026 1,405 3,520 4,329
Comprehensive Income (Loss) to Shareholders $ 147,454 $ (52,626) $ 426,815 $ 68,157
NET INCOME PER SHARE        
Basic (in dollars per share) $ 5.33 $ 5.50 $ 19.72 $ 9.46
Diluted (in dollars per share) $ 5.32 $ 5.48 $ 19.67 $ 9.42