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Consolidated Statements Of Income And Comprehensive Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
OPERATING REVENUES        
Earned premiums $ 1,033,574 $ 950,859 $ 2,016,176 $ 1,908,545
Net investment income 99,299 94,996 199,667 186,290
Other-than-temporary impairment losses (604) (3,675) (3,817) (12,080)
Net realized investment gains, excluding other-than-temporary impairment losses 18,231 20,916 42,309 50,500
Net realized investment gains 17,627 17,241 38,492 38,420
Other revenues 330,993 312,841 638,909 618,864
Total Operating Revenues 1,481,493 1,375,937 2,893,244 2,752,119
OPERATING EXPENSES        
Losses and loss adjustment expenses 522,978 511,556 1,134,697 985,520
Underwriting, acquisition and insurance expenses 400,035 375,580 773,266 740,268
Amortization of intangible assets 18,026 17,204 34,796 34,464
Other expenses 299,112 277,909 581,697 553,002
Total Operating Expenses 1,240,151 1,182,249 2,524,456 2,313,254
Operating Income 241,342 193,688 368,788 438,865
Interest expense 31,797 33,697 65,199 64,538
Loss on early extinguishment of debt 0 44,100 0 44,100
Income Before Income Taxes 209,545 115,891 303,589 330,227
Income tax expense 58,118 35,218 81,122 85,908
Net Income 151,427 80,673 222,467 244,319
Net income attributable to noncontrolling interests 1,767 1,876 2,938 5,152
Net Income to Shareholders 149,660 78,797 219,529 239,167
OTHER COMPREHENSIVE INCOME        
Net holding gains arising during the period 190,069 149,406 350,349 388,296
Change in unrealized other-than-temporary impairment losses on fixed maturities arising during the period 0 44 0 (23)
Reclassification adjustments for net gains included in net income (222) (10,567) (9,391) (23,550)
Change in net unrealized gains on investments, net of taxes 189,847 138,883 340,958 364,723
Change in foreign currency translation adjustments, net of taxes 1,962 (8,121) 3,507 2,208
Change in net actuarial pension loss, net of taxes 902 394 1,618 857
Total Other Comprehensive Income 192,711 131,156 346,083 367,788
Comprehensive Income 344,138 211,829 568,550 612,107
Comprehensive income attributable to noncontrolling interests 1,781 1,887 2,954 5,171
Comprehensive Income to Shareholders $ 342,357 $ 209,942 $ 565,596 $ 606,936
NET INCOME PER SHARE        
Basic (in dollars per share) $ 10.34 $ 5.44 $ 14.25 $ 16.65
Diluted (in dollars per share) $ 10.31 $ 5.41 $ 14.20 $ 16.55