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Consolidated Statements of Operations and Comprehensive Income (loss) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Revenues      
Gross premiums written $ 8,203,925 $ 6,875,925 $ 7,285,320
Net premiums written 7,134,018 6,300,858 6,909,058
(Increase) decrease in unearned premiums (177,496) 235,968 (383,840)
Net premiums earned 6,956,522 6,536,826 6,525,218
Net investment income 376,469 360,668 448,538
Net realized and unrealized investment gains 37,797 454,319 886,670
Other income 28,748 13,491 15,321
Total revenues 7,399,536 7,365,304 7,875,747
Expenses      
Losses and loss expenses 4,883,984 5,334,900 4,923,156
Acquisition costs 1,386,832 1,356,118 1,455,462
Other expenses 398,542 355,647 369,969
Interest expense 55,606 39,200 40,150
Loss on redemption of debt 0 0 15,175
Amortization of intangible assets 8,861 9,988 11,434
Net foreign exchange losses 30,883 51,964 86,760
Total expenses 6,764,708 7,147,817 6,902,106
Income before taxes and interest in earnings of equity method investments 634,828 217,487 973,641
Income tax expense (benefit) (38,219) 13,091 (52,536)
Interest in earnings of equity method investments 126,795 23,611 15,643
Net income 723,404 254,189 936,748
Preferred dividends 22,693 45,990 46,416
Loss on redemption of preferred shares 21,234 2,341 0
Net income available to common shareholder 679,477 205,858 890,332
Comprehensive income      
Net income 723,404 254,189 936,748
Change in currency translation adjustment 43,120 (5,884) 71,796
Change in unfunded pension obligation, net of tax 23,307 (14,383) (6,803)
Change in fair value of designated cash flow hedges, net of reclassification adjustment 0 0 (1,877)
Change in unrealized gains or losses on investments, net of tax (128) 187 (407)
Other comprehensive income (loss) 66,299 (20,080) 62,709
Comprehensive income $ 789,703 $ 234,109 $ 999,457