Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Thousands		3 Months Ended		9 Months Ended
		Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Revenues
Gross premiums written		$ 372,418	$ 402,509	$ 2,309,251	$ 2,247,901
Reinsurance premiums ceded		(45,006)	(48,810)	(249,070)	(295,553)
Net premiums written		327,412	353,699	2,060,181	1,952,348
Change in unearned premiums		236,363	201,312	(351,415)	(248,759)
Net premiums earned		563,775	555,011	1,708,766	1,703,589
Net investment income		43,514	31,572	112,232	96,212
Net realized gains (losses) on investments		4,397	(1,187)	6,537	5,226
Change in net unrealized gains on investments		5,459	3,916	84,331	2,467
Income (loss) from investment affiliate		453	2,482	(4,249)	5,542
Other insurance related (loss) income and other income		(610)	1,526	1,627	2,566
Foreign exchange (losses) gains		(766)	(2,592)	11,765	(9,528)
Total revenues		616,222	590,728	1,921,009	1,806,074
Expenses
Losses and loss expenses	[1]	258,394	256,010	789,971	763,085
Policy acquisition costs		113,434	105,039	328,593	307,773
General and administrative expenses		82,443	96,886	258,339	265,146
Share compensation expenses		10,501	9,983	32,465	28,279
Finance expenses		14,521	18,512	43,890	58,161
Total expenses		479,293	486,430	1,453,258	1,422,444
Income before taxes, loss from operating affiliates and income attributable to AlphaCat investors		136,929	104,298	467,751	383,630
Tax expense		(1,830)	(2,018)	(1,418)	(7,132)
Loss from operating affiliates		0	(7,963)	(23)	(2,241)
(Income) attributable to AlphaCat investors		(5,564)	(1,438)	(16,278)	(1,438)
Net income		129,535	92,879	450,032	372,819
Net (income) attributable to noncontrolling interest		(37,439)	(26,229)	(96,163)	(66,968)
Net income available to Validus		92,096	66,650	353,869	305,851
Dividends on preferred shares		(2,252)	0	(2,252)	0
Net income available to Validus common shareholders		89,844	66,650	351,617	305,851
Comprehensive income:
Net income		129,535	92,879	450,032	372,819
Other comprehensive (loss) income
Change in foreign currency translation adjustments		(1,370)	(1,850)	(6,685)	(2,106)
Change in minimum pension liability, net of tax		(1,101)	(28)	(705)	129
Change in fair value of cash flow hedge		(439)	75	(1,133)	(336)
Other comprehensive loss		(2,910)	(1,803)	(8,523)	(2,313)
Comprehensive income attributable to noncontrolling interests		(37,439)	(26,229)	(96,163)	(66,968)
Comprehensive income available to Validus		$ 89,186	$ 64,847	$ 345,346	$ 303,538
Earnings per share:
Basic earnings per share available to common shareholders		$ 1.12	$ 0.79	$ 4.31	$ 3.63
Earnings per diluted share available to Validus common shareholders		1.11	0.78	4.24	3.52
Cash dividends declared per share		$ 0.35	$ 0.32	$ 1.05	$ 0.96
Weighted average number of common shares and common share equivalents outstanding:
Basic (in shares)		80,134,394	82,635,316	81,635,496	83,296,703
Diluted (in shares)		81,244,556	85,629,494	82,938,624	86,841,927

[1] Upon closing the acquisition of Western World, an adjustment of $15,586 was made to increase net reserves to reflect fair value. This adjustment was amortized to income through a reduction in losses and loss expenses of $2,524 and $8,639, respectively, during the three and nine months ended September 30, 2015, benefiting the loss ratio by 3.9 and 4.4 percentage points, respectively. The remaining fair value adjustment of $2,340 was fully amortized during 2015.