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Consolidated Statements Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
REVENUES:    
Net premiums written $ 2,574,824 $ 2,413,254
Change in net unearned premiums (83,392) (164,167)
Net premiums earned 2,491,432 2,249,087
Net investment income 223,398 173,512
Net realized and unrealized gains on investments 22,611 369,882
Change in allowance for expected credit losses on investments 399 (3,617)
Net investment gains 23,010 366,265
Revenues from non-insurance businesses 124,200 97,776
Insurance service fees 32,857 27,951
Other income 107 818
Total revenues 2,895,004 2,915,409
OPERATING COSTS AND EXPENSES:    
Losses and loss expenses 1,538,755 1,339,252
Other operating costs and expenses 825,575 713,899
Expenses from non-insurance businesses 122,767 94,855
Interest expense 31,836 34,970
Total operating costs and expenses 2,518,933 2,182,976
Income before income taxes 376,071 732,433
Income tax expense (80,342) (139,403)
Net income before noncontrolling interests 295,729 593,030
Noncontrolling interests (1,603) (2,392)
Net income to common stockholders $ 294,126 $ 590,638
NET INCOME PER SHARE:    
Basic (in dollar per share) $ 1.07 $ 2.13
Diluted (in dollar per share) $ 1.06 $ 2.12