XML 60 R50.htm IDEA: XBRL DOCUMENT v3.22.2
Operating Segment Information - Summary of Selected Information by Operating Segment (Details) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Mar. 31, 2022
Jun. 30, 2021
Mar. 31, 2021
Jun. 30, 2022
Jun. 30, 2021
Revenues            
Net premiums earned $ 282,810   $ 241,000   $ 551,962 $ 469,595
Net investment income 18,472   16,661   36,355 33,085
Net realized gains 12,804   36,463   18,392 50,613
Net unrealized gains (losses) on equity securities (100,994)   3,956   (128,804) 32,118
Consolidated revenue 213,092   298,080   477,905 585,411
Net Earnings            
Net underwriting income 55,956   36,591   115,434 66,508
Net investment income 18,472   16,661   36,355 33,085
Net realized gains 12,804   36,463   18,392 50,613
Net unrealized gains (losses) on equity securities (100,994)   3,956   (128,804) 32,118
General corporate expense and interest on debt (4,446)   (5,590)   (9,819) (10,833)
Equity in earnings of unconsolidated investees 11,654   13,940   20,413 20,364
Earnings (loss) before income taxes (6,554)   102,021   51,971 191,855
Income tax expense (benefit) (4,315)   20,206   6,287 37,028
Net earnings (loss) (2,239) $ 47,923 81,815 $ 73,012 45,684 154,827
Casualty Segment            
Revenues            
Net premiums earned 177,123   156,195   348,879 304,965
Net Earnings            
Net underwriting income 21,442   26,438   49,089 51,305
Property Segment            
Revenues            
Net premiums earned 74,690   55,865   142,130 107,507
Net Earnings            
Net underwriting income 26,105   8,879   48,581 7,874
Surety Segment            
Revenues            
Net premiums earned 30,997   28,940   60,953 57,123
Net Earnings            
Net underwriting income $ 8,409   $ 1,274   $ 17,764 $ 7,329