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v3.22.2.2

Business Segments (Tables) | 9 Months Ended
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Sep. 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 September 30, 2022 |  |  |  |  |  |  |  |  |  |
Insurance | $ | 2,129,014 |  |  | $ | 134,519 |  |  | $ | 8,341 |  |  | $ | 2,271,874 |  |  | $ | 322,312 |  |  | $ | 258,521 |
Reinsurance & Monoline Excess | 312,947 |  |  | 55,234 |  |  | — |  |  | 368,181 |  |  | 59,561 |  |  | 46,875 |
Corporate, other and eliminations (3) | — |  |  | 13,063 |  |  | 138,692 |  |  | 151,755 |  |  | (28,198) |  |  | (23,563) |
Net investment losses | — |  |  | — |  |  | (67,410) |  |  | (67,410) |  |  | (67,410) |  |  | (52,954) |
Total | $ | 2,441,961 |  |  | $ | 202,816 |  |  | $ | 79,623 |  |  | $ | 2,724,400 |  |  | $ | 286,265 |  |  | $ | 228,879 |
Three months ended September 30, 2021 |  |  |  |  |  |  |  |  |  |
Insurance | $ | 1,819,071 |  |  | $ | 118,770 |  |  | $ | 7,289 |  |  | $ | 1,945,130 |  |  | $ | 314,000 |  |  | $ | 252,333 |
Reinsurance & Monoline Excess | 261,947 |  |  | 48,504 |  |  | — |  |  | 310,451 |  |  | 52,742 |  |  | 41,964 |
Corporate, other and eliminations (3) | — |  |  | 12,577 |  |  | 136,624 |  |  | 149,201 |  |  | (53,962) |  |  | (48,235) |
Net investment gains | — |  |  | — |  |  | 19,501 |  |  | 19,501 |  |  | 19,501 |  |  | 15,235 |
Total | $ | 2,081,018 |  |  | $ | 179,851 |  |  | $ | 163,414 |  |  | $ | 2,424,283 |  |  | $ | 332,281 |  |  | $ | 261,297 |
Nine months ended September 30, 2022 |  |  |  |  |  |  |  |  |  |
Insurance | $ | 6,162,005 |  |  | $ | 386,297 |  |  | $ | 25,354 |  |  | $ | 6,573,656 |  |  | $ | 1,052,185 |  |  | $ | 850,207 |
Reinsurance & Monoline Excess | 886,200 |  |  | 139,768 |  |  | — |  |  | 1,025,968 |  |  | 209,366 |  |  | 167,329 |
Corporate, other and eliminations (3) | — |  |  | 21,837 |  |  | 403,937 |  |  | 425,774 |  |  | (147,590) |  |  | (119,530) |
Net investment gains | — |  |  | — |  |  | 127,299 |  |  | 127,299 |  |  | 127,299 |  |  | 100,833 |
Total | $ | 7,048,205 |  |  | $ | 547,902 |  |  | $ | 556,590 |  |  | $ | 8,152,697 |  |  | $ | 1,241,260 |  |  | $ | 998,839 |
Nine months ended September 30, 2021 |  |  |  |  |  |  |  |  |  |
Insurance | $ | 5,151,253 |  |  | $ | 340,710 |  |  | $ | 23,780 |  |  | $ | 5,515,743 |  |  | $ | 862,399 |  |  | $ | 681,354 |
Reinsurance & Monoline Excess | 751,345 |  |  | 133,092 |  |  | — |  |  | 884,437 |  |  | 196,185 |  |  | 155,770 |
Corporate, other and eliminations (3) | — |  |  | 32,813 |  |  | 365,841 |  |  | 398,654 |  |  | (208,699) |  |  | (172,051) |
Net investment gains | — |  |  | — |  |  | 78,404 |  |  | 78,404 |  |  | 78,404 |  |  | 62,987 |
Total | $ | 5,902,598 |  |  | $ | 506,615 |  |  | $ | 468,025 |  |  | $ | 6,877,238 |  |  | $ | 928,289 |  |  | $ | 728,060 |
_________________ (1) Certain amounts included in earned premiums of each segment are related to inter-segment transactions. (2) Revenues for Insurance from foreign operations for the three months ended September 30, 2022 and 2021 were $252 million and $220 million, respectively, and for the nine months ended September 30, 2022 and 2021 were $750 million and $638 million, respectively. Revenues for Reinsurance & Monoline Excess from foreign operations for the three months ended September 30, 2022 and 2021 were $117 million and $100 million, respectively, and for the nine months ended September 30, 2022 and 2021 were $307 million and $278 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) | September 30, 2022 |  | December 31, 2021 |
Insurance | $ | 26,267,446 |  |  | $ | 24,403,918 |  |
Reinsurance & Monoline Excess | 5,012,394 |  |  | 4,917,985 |  |
Corporate, other and eliminations | 1,796,979 |  |  | 2,725,973 |  |
Consolidated | $ | 33,076,819 |  |  | $ | 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 September 30, |  | For the Nine Months Ended September 30,
(In thousands) | 2022 |  | 2021 |  | 2022 |  | 2021
Insurance: |  |  |  |  |  |  |
Other liability | $ | 824,595 |  |  | $ | 691,014 |  |  | $ | 2,363,349 |  |  | $ | 1,946,598 |
Short-tail lines (1) | 407,211 |  |  | 347,835 |  |  | 1,184,191 |  |  | 1,012,465 |
Workers' compensation | 307,323 |  |  | 286,474 |  |  | 892,390 |  |  | 845,394 |
Commercial automobile | 307,754 |  |  | 257,314 |  |  | 891,729 |  |  | 715,519 |
Professional liability | 282,131 |  |  | 236,434 |  |  | 830,346 |  |  | 631,277 |
Total Insurance | 2,129,014 |  |  | 1,819,071 |  |  | 6,162,005 |  |  | 5,151,253 |
Reinsurance & Monoline Excess: |  |  |  |  |  |  |
Casualty reinsurance | 193,726 |  |  | 164,095 |  |  | 568,507 |  |  | 466,264 |
Monoline excess (2) | 54,675 |  |  | 52,361 |  |  | 161,181 |  |  | 146,481 |
Property reinsurance | 64,546 |  |  | 45,491 |  |  | 156,512 |  |  | 138,600 |
Total Reinsurance & Monoline Excess | 312,947 |  |  | 261,947 |  |  | 886,200 |  |  | 751,345 |
Total | $ | 2,441,961 |  |  | $ | 2,081,018 |  |  | $ | 7,048,205 |  |  | $ | 5,902,598 |
______________ (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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