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Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
REVENUES:        
Net premiums written $ 1,571,183 $ 1,607,365 $ 4,782,272 $ 4,913,656
Change in net unearned premiums 10,317 (21,421) (62,028) (240,584)
Net premiums earned 1,581,500 1,585,944 4,720,244 4,673,072
Net investment income 142,479 145,668 426,601 404,850
Net realized investment gains 183,959 175,738 276,760 207,508
Other-than-temporary impairments 0 0 0 (18,114)
Insurance service fees 33,612 32,135 100,475 109,437
Revenues from non-insurance businesses 89,786 80,242 225,033 305,787
Other income 6 0 695 0
Total revenues 2,031,342 2,019,727 5,749,808 5,682,540
OPERATING COSTS AND EXPENSES:        
Losses and loss expenses 1,081,174 965,856 3,025,475 2,852,339
Other operating costs and expenses 600,822 606,348 1,821,155 1,770,450
Expenses from non-insurance businesses 86,412 78,865 221,389 291,127
Interest expense 36,821 37,043 110,419 104,019
Total operating costs and expenses 1,805,229 1,688,112 5,178,438 5,017,935
Income before income taxes 226,113 331,615 571,370 664,605
Income tax expense (63,295) (110,952) (174,305) (214,789)
Net income before noncontrolling interests 162,818 220,663 397,065 449,816
Noncontrolling interests (764) (13) (2,560) (689)
Net income to common stockholders $ 162,054 $ 220,650 $ 394,505 $ 449,127
NET INCOME PER SHARE:        
Basic (in dollar per share) $ 1.29 $ 1.80 $ 3.17 $ 3.66
Diluted (in dollar per share) $ 1.26 $ 1.72 $ 3.05 $ 3.50