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Consolidated Statements Of Income And Comprehensive Income (Loss) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
OPERATING REVENUES        
Earned premiums $ 950,859 $ 957,557 $ 1,908,545 $ 1,901,207
Net investment income 94,996 90,586 186,290 183,461
Other-than-temporary impairment losses (3,675) 0 (12,080) (5,092)
Net realized investment gains, excluding other-than-temporary impairment losses 20,916 6,105 50,500 16,768
Net realized investment gains 17,241 6,105 38,420 11,676
Other revenues 312,841 250,357 618,864 510,415
Total Operating Revenues 1,375,937 1,304,605 2,752,119 2,606,759
OPERATING EXPENSES        
Losses and loss adjustment expenses 511,556 536,194 985,520 983,189
Underwriting, acquisition and insurance expenses 375,580 379,652 740,268 720,337
Amortization of intangible assets 17,204 16,949 34,464 31,589
Other expenses 277,909 242,236 553,002 473,237
Total Operating Expenses 1,182,249 1,175,031 2,313,254 2,208,352
Operating Income 193,688 129,574 438,865 398,407
Interest expense 33,697 29,288 64,538 58,600
Loss on early extinguishment of debt 44,100 0 44,100 0
Income Before Income Taxes 115,891 100,286 330,227 339,807
Income tax expense 35,218 7,833 85,908 53,348
Net Income 80,673 92,453 244,319 286,459
Net income attributable to noncontrolling interests 1,876 1,084 5,152 4,098
Net Income to Shareholders 78,797 91,369 239,167 282,361
OTHER COMPREHENSIVE INCOME (LOSS)        
Net holding gains (losses) arising during the period 149,406 (230,142) 388,296 (109,120)
Change in unrealized other-than-temporary impairment losses on fixed maturities arising during the period 44 (48) (23) 119
Reclassification adjustments for net gains included in net income (10,567) (4,984) (23,550) (14,037)
Change in net unrealized gains on investments, net of taxes 138,883 (235,174) 364,723 (123,038)
Change in foreign currency translation adjustments, net of taxes (8,121) 10,385 2,208 (11,429)
Change in net actuarial pension loss, net of taxes 394 469 857 932
Total Other Comprehensive Income (Loss) 131,156 (224,320) 367,788 (133,535)
Comprehensive Income (Loss) 211,829 (131,867) 612,107 152,924
Comprehensive income attributable to noncontrolling interests 1,887 1,058 5,171 4,042
Comprehensive Income (Loss) to Shareholders $ 209,942 $ (132,925) $ 606,936 $ 148,882
NET INCOME PER SHARE        
Basic (in dollars per share) $ 5.44 $ 6.76 $ 16.65 $ 20.33
Diluted (in dollars per share) $ 5.41 $ 6.72 $ 16.55 $ 20.21