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SEGMENT INFORMATION (Tables)
 6 Months Ended
Jun. 30, 2023
Segment Reporting [Abstract]  
UNDERWRITING RESULTS OF REPORTABLE SEGMENTS The following tables present the underwriting results of the Company's reportable segments, as well as the carrying amounts of allocated goodwill and intangible assets:
  20232022
Three months ended and at June 30,InsuranceReinsuranceTotalInsuranceReinsuranceTotal
Gross premiums written$1,684,150$600,228$2,284,378$1,469,622$643,861$2,113,483
Net premiums written1,021,021425,3361,446,357869,419447,4281,316,847
Net premiums earned842,751422,9941,265,745768,724508,3281,277,052
Other insurance related income585,4665,5242371,9762,213
Net losses and loss expenses(457,650)(278,607)(736,257)(421,836)(347,751)(769,587)
Acquisition costs(156,972)(96,293)(253,265)(144,732)(112,850)(257,582)
Underwriting-related general and administrative expenses(113,534)(19,721)(133,255)(108,577)(26,826)(135,403)
Underwriting income$114,653$33,839148,492$93,816$22,877116,693
Net investment income136,82992,214
Net investment gains (losses)(24,370)(173,263)
Corporate expenses(35,248)(30,183)
Foreign exchange (losses) gains(30,104)57,000
Interest expense and financing costs(16,738)(15,241)
Reorganization expenses—(15,728)
Amortization of intangible assets(2,729)(2,729)
Income before income taxes and interest in income of equity method investments176,13228,763
Income tax (expense) benefit(27,558)4,965
Interest in income of equity method investments2,1001,050
Net income150,67434,778
Preferred share dividends7,5637,563
Net income available to common shareholders$143,111$27,215
Net losses and loss expenses ratio54.3 %65.9 %58.2 %54.9 %68.4 %60.3 %
Acquisition cost ratio18.6 %22.8 %20.0 %18.8 %22.2 %20.2 %
General and administrative expense ratio13.5 %4.6 %13.3 %14.1 %5.3 %12.9 %
Combined ratio86.4 %93.3 %91.5 %87.8 %95.9 %93.4 %
Goodwill and intangible assets$293,143$—$293,143$304,060$—$304,060
20232022
Six months ended and at June 30,InsuranceReinsuranceTotalInsuranceReinsuranceTotal
Gross premiums written$3,099,762$1,566,592$4,666,354$2,796,886$1,951,205$4,748,091
Net premiums written1,903,5971,151,1163,054,7131,713,3321,416,3873,129,719
Net premiums earned1,659,206836,7382,495,9441,521,5391,013,7582,535,297
Other insurance related income1125,9886,1003198,5878,906
Net losses and loss expenses(907,117)(549,782)(1,456,899)(827,579)(674,706)(1,502,285)
Acquisition costs(304,030)(179,608)(483,638)(283,543)(222,389)(505,932)
Underwriting-related general and administrative expenses(230,164)(43,486)(273,650)(222,527)(57,972)(280,499)
Underwriting income$218,007$69,850287,857$188,209$67,278255,487
Net investment income270,601183,569
Net investment gains (losses)(44,558)(267,771)
Corporate expenses(61,664)(54,128)
Foreign exchange (losses) gains(38,814)101,274
Interest expense and financing costs(33,632)(30,805)
Reorganization expenses—(15,728)
Amortization of intangible assets(5,458)(5,458)
Income before income taxes and interest in income (loss) of equity method investments374,332166,440
Income tax (expense) benefit(43,454)4,942
Interest in income (loss) of equity method investments(105)12,600
Net income330,773183,982
Preferred share dividends15,12515,125
Net income available to common shareholders$315,648$168,857
Net losses and loss expenses ratio54.7 %65.7 %58.4 %54.4 %66.6 %59.3 %
Acquisition cost ratio18.3 %21.5 %19.4 %18.6 %21.9 %20.0 %
General and administrative expense ratio13.9 %5.2 %13.4 %14.7 %5.7 %13.1 %
Combined ratio86.9 %92.4 %91.2 %87.7 %94.2 %92.4 %
Goodwill and intangible assets$293,143$—$293,143$304,060$—$304,060