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Consolidated Statements Of Income (Loss) And Comprehensive Income (Loss) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
OPERATING REVENUES        
Earned premiums $ 1,099,862 $ 974,244 $ 3,116,038 $ 2,882,789
Net investment income 104,489 93,147 304,156 279,437
Other-than-temporary impairment losses (3,444) 0 (7,261) (12,080)
Net realized investment gains (losses), excluding other-than-temporary impairment losses (36,563) 27,416 5,746 77,916
Net realized investment gains (losses) (40,007) 27,416 (1,515) 65,836
Other revenues 341,804 336,475 980,713 955,339
Total Operating Revenues 1,506,148 1,431,282 4,399,392 4,183,401
OPERATING EXPENSES        
Losses and loss adjustment expenses 1,075,432 579,405 2,210,129 1,564,925
Underwriting, acquisition and insurance expenses 395,909 372,521 1,169,175 1,112,789
Amortization of intangible assets 18,654 17,010 53,450 51,474
Other expenses 344,287 309,713 925,984 862,715
Total Operating Expenses 1,834,282 1,278,649 4,358,738 3,591,903
Operating Income (Loss) (328,134) 152,633 40,654 591,498
Interest expense 31,814 33,152 97,013 97,690
Loss on early extinguishment of debt 0 0 0 44,100
Income (Loss) Before Income Taxes (359,948) 119,481 (56,359) 449,708
Income tax expense (benefit) (98,913) 36,060 (17,791) 121,968
Net Income (Loss) (261,035) 83,421 (38,568) 327,740
Net income (loss) attributable to noncontrolling interests (1,894) (375) 1,044 4,777
Net Income (Loss) to Shareholders (259,141) 83,796 (39,612) 322,963
OTHER COMPREHENSIVE INCOME        
Net holding gains arising during the period 227,447 23,098 577,796 411,394
Change in unrealized other-than-temporary impairment losses on fixed maturities arising during the period 0 (17) 0 (40)
Reclassification adjustments for net gains included in net income (loss) (5,207) (9,758) (14,598) (33,308)
Change in net unrealized gains on investments, net of taxes 222,240 13,323 563,198 378,046
Change in foreign currency translation adjustments, net of taxes 16,263 (8,349) 19,770 (6,141)
Change in net actuarial pension loss, net of taxes 773 390 2,391 1,247
Total Other Comprehensive Income 239,276 5,364 585,359 373,152
Comprehensive Income (Loss) (21,759) 88,785 546,791 700,892
Comprehensive income (loss) attributable to noncontrolling interests (1,890) (376) 1,064 4,795
Comprehensive Income (Loss) to Shareholders $ (19,869) $ 89,161 $ 545,727 $ 696,097
NET INCOME (LOSS) PER SHARE        
Basic (in dollars per share) $ (18.82) $ 5.62 $ (4.52) $ 22.27
Diluted (in dollars per share) $ (18.82) $ 5.60 $ (4.52) $ 22.16