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Consolidated Statements of Operations and Comprehensive Income (loss) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Revenues      
Gross premiums written (1) [1] $ 9,102,358 $ 8,689,279 $ 8,203,925
Net premiums written (1) [1] 7,928,912 7,544,195 7,134,018
Increase in unearned premiums (1) [1] (10,152) (287,078) (177,496)
Net premiums earned (1) [1] 7,918,760 7,257,117 6,956,522
Net investment income 645,685 398,348 376,469
Net realized and unrealized investment gains (losses) 517,426 (1,969,014) 37,797
Other income 40,965 40,492 28,748
Total revenues 9,122,836 5,726,943 7,399,536
Expenses      
Losses and loss expenses (liability remeasurement loss (gain): 2023, $7,102; 2022,$(1,267); 2021, $98,937) (1) [1] 4,990,208 4,725,872 4,851,040
Market risk benefit gains (7,079) (121,211) (19,873)
Acquisition costs (1) [1] 1,563,107 1,537,213 1,391,502
Other expenses 463,385 414,876 398,542
Interest expense 57,532 55,185 55,606
Amortization of intangible assets 7,906 8,912 8,861
Net foreign exchange losses 42,542 14,774 36,498
Total expenses 7,117,601 6,635,621 6,722,176
Income (loss) before taxes and interest in (losses) earnings of equity method investments 2,005,235 (908,678) 677,360
Income tax benefit (expense) 327,924 (41,895) (39,967)
Interest in (losses) earnings of equity method investments (15,040) 10,821 126,795
Net income (loss) 2,318,119 (939,752) 764,188
Preferred dividends 9,750 9,750 22,693
Loss on redemption of preferred shares 0 0 21,234
Net income (loss) attributable to common shareholder 2,308,369 (949,502) 720,261
Comprehensive income (loss)      
Net income (loss) 2,318,119 (939,752) 764,188
Change in currency translation adjustment (3,180) 5,670 44,160
Change in net unrealized gains or losses on investments, net of tax (26) 0 (128)
Change in unfunded pension obligation, net of tax (15,005) 12,573 23,307
Change in discount rate for liability for future policy benefits, net of tax (49,984) 99,250 53,053
Change in instrument-specific credit risk for market risk benefits, net of tax 4,843 49,794 3,825
Other comprehensive (loss) income (63,352) 167,287 124,217
Comprehensive income (loss) $ 2,254,767 $ (772,465) $ 888,405
[1] See Note 21 for additional information regarding related party transactions.