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SEGMENT INFORMATION (Tables)
 9 Months Ended
Sep. 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 September 30,InsuranceReinsuranceTotalInsuranceReinsuranceTotal
Gross premiums written$1,457,624$448,254$1,905,878$1,317,890$389,918$1,707,808
Net premiums written885,25290,105975,357777,789258,9951,036,784
Net premiums earned885,714436,8501,322,564782,101502,7651,284,866
Other insurance related income (loss)(22)10,36610,3441519411,092
Net losses and loss expenses(491,368)(292,572)(783,940)(519,006)(422,905)(941,911)
Acquisition costs(169,384)(94,005)(263,389)(139,436)(101,075)(240,511)
Underwriting-related general and administrative expenses(120,330)(18,271)(138,601)(108,072)(24,498)(132,570)
Underwriting income (loss)$104,610$42,368146,978$15,738$(44,772)(29,034)
Net investment income154,20188,177
Net investment gains (losses)(53,114)(146,458)
Corporate expenses(40,682)(25,675)
Foreign exchange gains50,570135,660
Interest expense and financing costs(16,445)(15,915)
Reorganization expenses(28,997)(6,213)
Amortization of intangible assets(2,729)(2,729)
Income (loss) before income taxes and interest in income (loss) of equity method investments
209,782(2,187)
Income tax (expense) benefit(24,624)363
Interest in income (loss) of equity method investments2,940(7,560)
Net income (loss)188,098(9,384)
Preferred share dividends7,5637,563
Net income (loss) available (attributable) to common shareholders$180,535$(16,947)
Net losses and loss expenses ratio55.5 %67.0 %59.3 %66.4 %84.1 %73.3 %
Acquisition cost ratio19.1 %21.5 %19.9 %17.8 %20.1 %18.7 %
General and administrative expense ratio13.6 %4.2 %13.5 %13.8 %4.9 %12.3 %
Combined ratio88.2 %92.7 %92.7 %98.0 %109.1 %104.3 %
Goodwill and intangible assets$290,413$—$290,413$301,330$—$301,330
20232022
Nine months ended September 30,InsuranceReinsuranceTotalInsuranceReinsuranceTotal
Gross premiums written$4,557,386$2,014,846$6,572,232$4,114,776$2,341,123$6,455,899
Net premiums written2,788,8491,241,2214,030,0702,491,1201,675,3824,166,502
Net premiums earned2,544,9201,273,5883,818,5082,303,6401,516,5233,820,163
Other insurance related income9016,35416,4444709,5289,998
Net losses and loss expenses(1,398,486)(842,354)(2,240,840)(1,346,585)(1,097,611)(2,444,196)
Acquisition costs(473,413)(273,614)(747,027)(422,979)(323,464)(746,443)
Underwriting-related general and administrative expenses(350,494)(61,757)(412,251)(330,598)(82,471)(413,069)
Underwriting income$322,617$112,217434,834$203,948$22,505226,453
Net investment income424,802271,744
Net investment gains (losses)(97,671)(414,231)
Corporate expenses(102,345)(79,803)
Foreign exchange gains
11,755236,934
Interest expense and financing costs(50,077)(46,720)
Reorganization expenses(28,997)(21,941)
Amortization of intangible assets(8,188)(8,188)
Income before income taxes and interest in income of equity method investments
584,113164,248
Income tax (expense) benefit(68,078)5,304
Interest in income of equity method investments
2,8355,040
Net income518,870174,592
Preferred share dividends22,68822,688
Net income available to common shareholders$496,182$151,904
Net losses and loss expenses ratio55.0 %66.1 %58.7 %58.5 %72.4 %64.0 %
Acquisition cost ratio18.6 %21.5 %19.6 %18.4 %21.3 %19.5 %
General and administrative expense ratio13.7 %4.9 %13.4 %14.3 %5.4 %12.9 %
Combined ratio87.3 %92.5 %91.7 %91.2 %99.1 %96.4 %
Goodwill and intangible assets$290,413$—$290,413$301,330$—$301,330