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v3.22.2

Business Segments (Tables) | 6 Months Ended
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Jun. 30, 2022
Segment Reporting [Abstract] |
Financial Information Of Company Operating Segments |
| Revenues |  |  |  |
(In thousands) | Earned Premiums (1) |  | Investment Income |  | Other |  | Total (2) |  | Pre-Tax Income (Loss) |  | Net Income (Loss) to Common Stockholders
Three months ended June 30, 2022 |  |  |  |  |  |  |  |  |  |
Insurance | $ | 2,070,157 |  |  | $ | 114,124 |  |  | $ | 8,335 |  |  | $ | 2,192,616 |  |  | $ | 347,461 |  |  | $ | 276,133 |
Reinsurance & Monoline Excess | 287,001 |  |  | 57,111 |  |  | — |  |  | 344,112 |  |  | 92,177 |  |  | 73,374 |
Corporate, other and eliminations (3) | — |  |  | 339 |  |  | 147,375 |  |  | 147,714 |  |  | (45,521) |  |  | (36,149) |
Net investment gains | — |  |  | — |  |  | (171,555) |  |  | (171,555) |  |  | (171,555) |  |  | (134,036) |
Total | $ | 2,357,158 |  |  | $ | 171,574 |  |  | $ | (15,845) |  |  | $ | 2,512,887 |  |  | $ | 222,562 |  |  | $ | 179,322 |
Three months ended June 30, 2021 |  |  |  |  |  |  |  |  |  |
Insurance | $ | 1,727,202 |  |  | $ | 116,703 |  |  | $ | 8,212 |  |  | $ | 1,852,117 |  |  | $ | 291,290 |  |  | $ | 230,313 |
Reinsurance & Monoline Excess | 244,422 |  |  | 46,879 |  |  | — |  |  | 291,301 |  |  | 74,794 |  |  | 59,334 |
Corporate, other and eliminations (3) | — |  |  | 4,605 |  |  | 124,000 |  |  | 128,604 |  |  | (90,208) |  |  | (71,209) |
Net investment gains | — |  |  | — |  |  | 24,064 |  |  | 24,064 |  |  | 24,064 |  |  | 18,800 |
Total | $ | 1,971,624 |  |  | $ | 168,187 |  |  | $ | 156,276 |  |  | $ | 2,296,086 |  |  | $ | 299,940 |  |  | $ | 237,238 |
Six months ended June 30, 2022 |  |  |  |  |  |  |  |  |  |
Insurance | $ | 4,032,991 |  |  | $ | 251,778 |  |  | $ | 17,012 |  |  | $ | 4,301,781 |  |  | $ | 729,873 |  |  | $ | 591,685 |
Reinsurance & Monoline Excess | 573,253 |  |  | 84,534 |  |  | — |  |  | 657,787 |  |  | 149,805 |  |  | 120,454 |
Corporate, other and eliminations (3) | — |  |  | 8,774 |  |  | 265,245 |  |  | 274,019 |  |  | (119,393) |  |  | (95,966) |
Net investment gains | — |  |  | — |  |  | 194,710 |  |  | 194,710 |  |  | 194,710 |  |  | 153,787 |
Total | $ | 4,606,244 |  |  | $ | 345,086 |  |  | $ | 476,967 |  |  | $ | 5,428,297 |  |  | $ | 954,995 |  |  | $ | 769,960 |
Six Months Ended June 30, 2021 |  |  |  |  |  |  |  |  |  |
Insurance | $ | 3,332,181 |  |  | $ | 221,941 |  |  | $ | 16,490 |  |  | $ | 3,570,612 |  |  | $ | 548,399 |  |  | $ | 429,022 |
Reinsurance & Monoline Excess | 489,399 |  |  | 84,587 |  |  | — |  |  | 573,986 |  |  | 143,443 |  |  | 113,806 |
Corporate, other and eliminations (3) | — |  |  | 20,236 |  |  | 229,218 |  |  | 249,454 |  |  | (154,737) |  |  | (123,817) |
Net investment losses | — |  |  | — |  |  | 58,903 |  |  | 58,903 |  |  | 58,903 |  |  | 47,752 |
Total | $ | 3,821,580 |  |  | $ | 326,764 |  |  | $ | 304,611 |  |  | $ | 4,452,955 |  |  | $ | 596,008 |  |  | $ | 466,763 |
_________________ (1) Certain amounts included in earned premiums of each segment are related to inter-segment transactions. (2) Revenues for Insurance from foreign countries for the three months ended June 30, 2022 and 2021 were $263 million and $221 million, respectively, and for the six months ended June 30, 2022 and 2021 were $498 million and $418 million, respectively. Revenues for Reinsurance & Monoline Excess from foreign countries for the three months ended June 30, 2022 and 2021 were $93 million and $90 million, respectively, and for the six months ended June 30, 2022 and 2021 were $189 million and $178 million, respectively.(3) Corporate, other and eliminations represent corporate revenues and expenses that are not allocated to business segments
Identifiable Assets By Segment |
(In thousands) | June 30, 2022 |  | December 31, 2021 |
Insurance | $ | 25,671,814 |  |  | $ | 24,403,918 |  |
Reinsurance & Monoline Excess | 4,924,298 |  |  | 4,917,985 |  |
Corporate, other and eliminations | 2,096,335 |  |  | 2,725,973 |  |
Consolidated | $ | 32,692,447 |  |  | $ | 32,047,876 |  |
Net Premiums Earned By Major Line Of Business | Net premiums earned by major line of business are as follows:
| For the Three Months Ended June 30, |  | For the Six Months Ended June 30,
(In thousands) | 2022 |  | 2021 |  | 2022 |  | 2021
Insurance: |  |  |  |  |  |  |
Other liability | $ | 789,363 |  |  | $ | 646,321 |  |  | $ | 1,538,754 |  |  | $ | 1,255,582 |
Short-tail lines (1) | 401,768 |  |  | 339,890 |  |  | 776,980 |  |  | 664,630 |
Workers' compensation | 299,645 |  |  | 291,471 |  |  | 585,067 |  |  | 558,920 |
Commercial automobile | 301,741 |  |  | 237,444 |  |  | 583,975 |  |  | 458,205 |
Professional liability | 277,640 |  |  | 212,077 |  |  | 548,215 |  |  | 394,844 |
Total Insurance | 2,070,157 |  |  | 1,727,202 |  |  | 4,032,991 |  |  | 3,332,181 |
Reinsurance & Monoline Excess: |  |  |  |  |  |  |
Casualty reinsurance | 190,659 |  |  | 152,531 |  |  | 374,781 |  |  | 302,169 |
Monoline excess (2) | 54,611 |  |  | 48,247 |  |  | 106,507 |  |  | 94,120 |
Property reinsurance | 41,731 |  |  | 43,644 |  |  | 91,965 |  |  | 93,110 |
Total Reinsurance & Monoline Excess | 287,001 |  |  | 244,422 |  |  | 573,253 |  |  | 489,399 |
Total | $ | 2,357,158 |  |  | $ | 1,971,624 |  |  | $ | 4,606,244 |  |  | $ | 3,821,580 |
______________ (1) Short-tail lines include commercial multi-peril (non-liability), inland marine, accident and health, fidelity and surety, boiler and machinery and other lines. (2) Monoline excess includes operations that solely retain risk on an excess basis.

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