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Unaudited Condensed Consolidated Statements Of Operations And Comprehensive Income (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
REVENUES:        
Gross premiums written $ 760,405 $ 765,200 $ 1,661,798 $ 1,602,281
Premiums ceded (206,481) (183,978) (336,260) (326,007)
Net premiums written 553,924 581,222 1,325,538 1,276,274
Change in unearned premiums (16,677) (73,951) (258,006) (305,775)
Net premiums earned 537,247 507,271 1,067,532 970,499
Net investment income 36,793 37,635 84,412 71,023
Net realized investment gains 85,217 (115,198) 139,422 (35,561)
Total revenues 659,257 429,708 1,291,366 1,005,961
EXPENSES:        
Net losses and loss expenses 314,855 275,128 590,141 530,306
Acquisition costs 74,279 64,617 142,001 121,302
General and administrative expenses 96,188 80,585 176,528 163,265
Amortization of intangible assets 634 634 1,267 1,267
Interest expense 14,592 14,188 29,126 28,322
Foreign exchange loss 651 490 700 3,008
Total expenses 501,199 435,642 939,763 847,470
Income before income taxes 158,058 (5,934) 351,603 158,491
Income tax expense 6,195 (4,072) 22,768 1,361
NET INCOME 151,863 (1,862) 328,835 157,130
Other comprehensive loss:        
Other comprehensive loss 0 0 0 0
COMPREHENSIVE INCOME $ 151,863 $ (1,862) $ 328,835 $ 157,130
PER SHARE DATA        
Basic earnings per share $ 1.55 $ (0.02) $ 3.33 $ 1.52
Diluted earnings per share $ 1.52 $ (0.02) $ 3.27 $ 1.48
Weighted average common shares outstanding 97,809,639 103,267,659 98,672,618 103,552,656
Weighted average common shares and common share equivalents outstanding 99,724,802 103,267,659 100,691,568 105,949,785
Dividends paid per share $ 0.167 $ 0 $ 0.333 $ 0.125