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v3.23.1

Business Segments (Tables) | 3 Months Ended
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Mar. 31, 2023
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 March 31, 2023 |  |  |  |  |  |  |  |  |  |
Insurance | $ | 2,181,876 |  |  | $ | 166,086 |  |  | $ | 9,577 |  |  | $ | 2,357,539 |  |  | $ | 352,199 |  |  | $ | 273,904 |
Reinsurance & Monoline Excess | 309,556 |  |  | 52,055 |  |  | — |  |  | 361,611 |  |  | 101,712 |  |  | 82,561 |
Corporate, other and eliminations (3) | — |  |  | 5,257 |  |  | 147,587 |  |  | 152,844 |  |  | (100,850) |  |  | (80,499) |
Net investment gains | — |  |  | — |  |  | 23,010 |  |  | 23,010 |  |  | 23,010 |  |  | 18,160 |
Total | $ | 2,491,432 |  |  | $ | 223,398 |  |  | $ | 180,174 |  |  | $ | 2,895,004 |  |  | $ | 376,071 |  |  | $ | 294,126 |
Three months ended March 31, 2022 |  |  |  |  |  |  |  |  |  |
Insurance | $ | 1,962,835 |  |  | $ | 137,654 |  |  | $ | 8,676 |  |  | $ | 2,109,165 |  |  | $ | 382,412 |  |  | $ | 315,552 |
Reinsurance & Monoline Excess | 286,252 |  |  | 27,423 |  |  | — |  |  | 313,675 |  |  | 57,628 |  |  | 47,080 |
Corporate, other and eliminations (3) | — |  |  | 8,435 |  |  | 117,869 |  |  | 126,304 |  |  | (73,872) |  |  | (59,817) |
Net investment gains | — |  |  | — |  |  | 366,265 |  |  | 366,265 |  |  | 366,265 |  |  | 287,823 |
Total | $ | 2,249,087 |  |  | $ | 173,512 |  |  | $ | 492,810 |  |  | $ | 2,915,409 |  |  | $ | 732,433 |  |  | $ | 590,638 |
_________________ (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 March 31, 2023 and 2022 were $274 million and $235 million, respectively. Revenues for Reinsurance & Monoline Excess from foreign operations for the three months ended March 31, 2023 and 2022 were $106 million and $96 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) | March 31, 2023 |  | December 31, 2022 |
Insurance | $ | 27,062,484 |  |  | $ | 27,012,479 |  |
Reinsurance & Monoline Excess | 5,191,920 |  |  | 5,195,752 |  |
Corporate, other and eliminations | 2,041,660 |  |  | 1,606,872 |  |
Consolidated | $ | 34,296,064 |  |  | $ | 33,815,103 |  |
Net Premiums Earned By Major Line Of Business | Net premiums earned by major line of business are as follows:
| For the Three Months Ended March 31, |  |
(In thousands) | 2023 |  | 2022 |  |  |  |
Insurance: |  |  |  |  |  |  |
Other liability | $ | 857,149 |  |  | $ | 749,391 |  |  |  |  |
Short-tail lines (1) | 430,503 |  |  | 375,212 |  |  |  |  |
Commercial automobile | 311,422 |  |  | 282,234 |  |  |  |  |
Workers' compensation | 305,561 |  |  | 285,423 |  |  |  |  |
Professional liability | 277,241 |  |  | 270,575 |  |  |  |  |
Total Insurance | 2,181,876 |  |  | 1,962,835 |  |  |  |  |
Reinsurance & Monoline Excess: |  |  |  |  |  |  |
Casualty reinsurance | 193,730 |  |  | 184,122 |  |  |  |  |
Monoline excess (2) | 58,644 |  |  | 51,896 |  |  |  |  |
Property reinsurance | 57,182 |  |  | 50,234 |  |  |  |  |
Total Reinsurance & Monoline Excess | 309,556 |  |  | 286,252 |  |  |  |  |
Total | $ | 2,491,432 |  |  | $ | 2,249,087 |  |  |  |  |
______________ (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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