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Consolidated Statements Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
REVENUES:        
Net premiums written $ 1,879,316 $ 1,749,906 $ 5,464,980 $ 5,202,971
Change in net unearned premiums (130,395) (73,096) (347,727) (286,464)
Net premiums earned 1,748,921 1,676,810 5,117,253 4,916,507
Net investment income 142,650 161,692 402,844 508,279
Net realized and unrealized (losses) gains on investments (7,772) 1,465 (89,404) 143,691
Change in allowance for expected credit losses on investments 46,750 0 29,093 0
Net investment gains (losses) 38,978 1,465 (60,311) 143,691
Revenues from non-insurance businesses 87,495 101,880 256,966 283,005
Insurance service fees 21,635 23,681 67,256 71,440
Other income 140 188 2,446 3,200
Total revenues 2,039,819 1,965,716 5,786,454 5,926,122
OPERATING COSTS AND EXPENSES:        
Losses and loss expenses 1,114,632 1,041,471 3,357,011 3,058,950
Other operating costs and expenses 593,969 581,045 1,753,142 1,760,961
Expenses from non-insurance businesses 85,036 101,743 256,032 280,141
Interest expense 39,768 38,475 114,874 119,913
Total operating costs and expenses 1,833,405 1,762,734 5,481,059 5,219,965
Income before income taxes 206,414 202,982 305,395 706,157
Income tax expense (54,048) (37,831) (84,900) (141,965)
Net income before noncontrolling interests 152,366 165,151 220,495 564,192
Noncontrolling interests (688) 57 (1,975) (1,554)
Net income to common stockholders $ 151,678 $ 165,208 $ 218,520 $ 562,638
NET INCOME PER SHARE:        
Basic (in dollar per share) $ 0.82 $ 0.87 $ 1.17 $ 2.95
Diluted (in dollar per share) $ 0.81 $ 0.85 $ 1.15 $ 2.91