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v3.23.2

Business Segments (Tables) | 6 Months Ended
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Jun. 30, 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 June 30, 2023 |  |  |  |  |  |  |  |  |  |
Insurance | $ | 2,246,394 |  |  | $ | 187,304 |  |  | $ | 8,853 |  |  | $ | 2,442,551 |  |  | $ | 386,264 |  |  | $ | 300,152 |
Reinsurance & Monoline Excess | 306,333 |  |  | 40,210 |  |  | — |  |  | 346,543 |  |  | 105,506 |  |  | 82,404 |
Corporate, other and eliminations (3) | — |  |  | 17,638 |  |  | 130,528 |  |  | 148,166 |  |  | (93,240) |  |  | (72,315) |
Net investment gains | — |  |  | — |  |  | 58,654 |  |  | 58,654 |  |  | 58,654 |  |  | 46,067 |
Total | $ | 2,552,727 |  |  | $ | 245,152 |  |  | $ | 198,035 |  |  | $ | 2,995,914 |  |  | $ | 457,184 |  |  | $ | 356,308 |
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 losses | — |  |  | — |  |  | (171,555) |  |  | (171,555) |  |  | (171,555) |  |  | (134,036) |
Total | $ | 2,357,158 |  |  | $ | 171,574 |  |  | $ | (15,845) |  |  | $ | 2,512,887 |  |  | $ | 222,562 |  |  | $ | 179,322 |
Six months ended June 30, 2023 |  |  |  |  |  |  |  |  |  |
Insurance | $ | 4,428,269 |  |  | $ | 353,390 |  |  | $ | 18,427 |  |  | $ | 4,800,086 |  |  | $ | 738,463 |  |  | $ | 574,056 |
Reinsurance & Monoline Excess | 615,890 |  |  | 92,266 |  |  | — |  |  | 708,156 |  |  | 207,218 |  |  | 164,965 |
Corporate, other and eliminations (3) | — |  |  | 22,895 |  |  | 278,117 |  |  | 301,012 |  |  | (194,089) |  |  | (152,814) |
Net investment gains | — |  |  | — |  |  | 81,664 |  |  | 81,664 |  |  | 81,664 |  |  | 64,227 |
Total | $ | 5,044,159 |  |  | $ | 468,551 |  |  | $ | 378,208 |  |  | $ | 5,890,918 |  |  | $ | 833,256 |  |  | $ | 650,434 |
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 |
_________________ (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 June 30, 2023 and 2022 were $280 million and $263 million, respectively, and for the six months ended June 30, 2023 and 2022 were $554 million and $498 million, respectively. Revenues for Reinsurance & Monoline Excess from foreign operations for the three months ended June 30, 2023 and 2022 were $102 million and $93 million, respectively, and for the six months ended June 30, 2023 and 2022 were $209 million and $189 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, 2023 |  | December 31, 2022 |
Insurance | $ | 28,116,467 |  |  | $ | 27,012,479 |  |
Reinsurance & Monoline Excess | 5,148,189 |  |  | 5,195,752 |  |
Corporate, other and eliminations | 2,044,038 |  |  | 1,606,872 |  |
Consolidated | $ | 35,308,694 |  |  | $ | 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 June 30, |  | For the Six Months Ended June 30,
(In thousands) | 2023 |  | 2022 |  | 2023 |  | 2022
Insurance: |  |  |  |  |  |  |
Other liability | $ | 893,629 |  |  | $ | 789,363 |  |  | $ | 1,750,778 |  |  | $ | 1,538,754 |
Short-tail lines (1) | 462,554 |  |  | 401,768 |  |  | 893,057 |  |  | 776,980 |
Commercial automobile | 318,421 |  |  | 301,741 |  |  | 629,843 |  |  | 583,975 |
Workers' compensation | 299,149 |  |  | 299,645 |  |  | 604,710 |  |  | 585,067 |
Professional liability | 272,641 |  |  | 277,640 |  |  | 549,881 |  |  | 548,215 |
Total Insurance | 2,246,394 |  |  | 2,070,157 |  |  | 4,428,269 |  |  | 4,032,991 |
Reinsurance & Monoline Excess: |  |  |  |  |  |  |
Casualty reinsurance | 188,860 |  |  | 190,659 |  |  | 382,590 |  |  | 374,781 |
Monoline excess (2) | 58,845 |  |  | 54,611 |  |  | 117,489 |  |  | 106,507 |
Property reinsurance | 58,628 |  |  | 41,731 |  |  | 115,811 |  |  | 91,965 |
Total Reinsurance & Monoline Excess | 306,333 |  |  | 287,001 |  |  | 615,890 |  |  | 573,253 |
Total | $ | 2,552,727 |  |  | $ | 2,357,158 |  |  | $ | 5,044,159 |  |  | $ | 4,606,244 |
______________ (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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