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Consolidated Statements of Operations and Comprehensive Income (loss) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Revenues      
Gross premiums written $ 8,689,279 $ 8,203,925 $ 6,875,925
Net premiums written 7,544,195 7,134,018 6,300,858
(Increase) decrease in unearned premiums (287,078) (177,496) 235,968
Net premiums earned 7,257,117 6,956,522 6,536,826
Net investment income 398,348 376,469 360,668
Net realized and unrealized investment (losses) gains (1,969,014) 37,797 454,319
Other income 40,492 28,748 13,491
Total revenues 5,726,943 7,399,536 7,365,304
Expenses      
Losses and loss expenses 4,747,403 4,883,984 5,334,900
Acquisition costs 1,540,681 1,386,832 1,356,118
Other expenses 414,876 398,542 355,647
Interest expense 55,185 55,606 39,200
Amortization of intangible assets 8,912 8,861 9,988
Net foreign exchange losses 29,402 30,883 51,964
Total expenses 6,796,459 6,764,708 7,147,817
(Loss) income before taxes and interest in earnings of equity method investments (1,069,516) 634,828 217,487
Income tax (expense) benefit (31,334) (38,219) 13,091
Interest in earnings of equity method investments 10,821 126,795 23,611
Net (loss) income (1,090,029) 723,404 254,189
Preferred dividends 9,750 22,693 45,990
Loss on redemption of preferred shares 0 21,234 2,341
Net (loss) income attributable to common shareholder (1,099,779) 679,477 205,858
Comprehensive (loss) income      
Net (loss) income (1,090,029) 723,404 254,189
Change in currency translation adjustment 9,464 43,120 (5,884)
Change in unfunded pension obligation, net of tax 12,573 23,307 (14,383)
Change in unrealized gains or losses on investments, net of tax 0 (128) 187
Other comprehensive income (loss) 22,037 66,299 (20,080)
Comprehensive (loss) income $ (1,067,992) $ 789,703 $ 234,109