Consolidated Statements of Operations and Comprehensive Income (Loss) (Unaudited) (USD $) In Thousands, except Share data	3 Months Ended		6 Months Ended
	Jun. 30, 2011	Jun. 30, 2010	Jun. 30, 2011	Jun. 30, 2010
Revenues
Gross premiums written	$ 605,387	$ 516,861	$ 1,455,283	$ 1,387,795
Reinsurance premiums ceded	(132,346)	(67,726)	(242,166)	(158,465)
Net premiums written	473,041	449,135	1,213,117	1,229,330
Change in unearned premiums	(47,401)	(11,191)	(357,944)	(333,692)
Net premiums earned	425,640	437,944	855,173	895,638
Net investment income	26,494	34,809	56,469	69,108
Net realized gains on investments	11,552	12,441	17,931	23,839
Net unrealized gains on investments	18,526	41,640	5,698	57,053
Other income	595	2,697	2,201	3,585
Foreign exchange (losses)	(1,991)	(4,099)	(2,458)	(12,863)
Total revenues	480,816	525,432	935,014	1,036,360
Expenses
Losses and loss expenses	207,307	194,894	683,505	673,425
Policy acquisition costs	78,230	74,126	155,526	150,302
General and administrative expenses	60,841	52,379	109,318	105,948
Share compensation expenses	7,628	6,846	19,677	13,422
Finance expenses	16,361	13,218	30,362	28,369
Total expenses	370,367	341,463	998,388	971,466
Net income (loss) before taxes	110,449	183,969	(63,374)	64,894
Tax benefit (expense)	29	(4,187)	1,488	(3,490)
Net income (loss)	110,478	179,782	(61,886)	61,404
Net income attributable to noncontrolling interest	(594)		(594)
Net income (loss) available (attributable) to Validus	109,884	179,782	(62,480)	61,404
Comprehensive income
Foreign currency translation adjustments	(21)	(68)	936	(1,875)
Comprehensive income (loss) available (attributable) to Validus	$ 109,863	$ 179,714	$ (61,544)	$ 59,529
Weighted average number of common shares and common share equivalents outstanding
Basic	98,385,924	121,009,553	98,165,132	123,821,415
Diluted	104,562,450	125,152,300	98,165,132	125,661,729
Basic earnings (loss) per share available (attributable) to common shareholders	$ 1.10	$ 1.47	$ (0.68)	$ 0.47
Diluted earnings (loss) per share available (attributable) to common shareholders	$ 1.05	$ 1.44	$ (0.68)	$ 0.46
Cash dividends declared per share	$ 0.25	$ 0.22	$ 0.50	$ 0.44