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v3.23.3

Business Segments (Tables) | 9 Months Ended
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Sep. 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 September 30, 2023 |  |  |  |  |  |  |  |  |  |
Insurance | $ | 2,319,435 |  |  | $ | 206,792 |  |  | $ | 9,143 |  |  | $ | 2,535,370 |  |  | $ | 415,279 |  |  | $ | 329,519 |
Reinsurance & Monoline Excess | 322,479 |  |  | 56,259 |  |  | — |  |  | 378,738 |  |  | 106,072 |  |  | 83,314 |
Corporate, other and eliminations (3) | — |  |  | 7,893 |  |  | 151,063 |  |  | 158,956 |  |  | (58,976) |  |  | (46,226) |
Net investment losses | — |  |  | — |  |  | (42,426) |  |  | (42,426) |  |  | (42,426) |  |  | (33,021) |
Total | $ | 2,641,914 |  |  | $ | 270,944 |  |  | $ | 117,780 |  |  | $ | 3,030,638 |  |  | $ | 419,949 |  |  | $ | 333,586 |
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 |
Nine months ended September 30, 2023 |  |  |  |  |  |  |  |  |  |
Insurance | $ | 6,747,704 |  |  | $ | 560,182 |  |  | $ | 27,570 |  |  | $ | 7,335,456 |  |  | $ | 1,153,742 |  |  | $ | 903,575 |
Reinsurance & Monoline Excess | 938,369 |  |  | 148,525 |  |  | — |  |  | 1,086,894 |  |  | 313,290 |  |  | 248,279 |
Corporate, other and eliminations (3) | — |  |  | 30,787 |  |  | 429,180 |  |  | 459,967 |  |  | (253,066) |  |  | (199,040) |
Net investment gains | — |  |  | — |  |  | 39,239 |  |  | 39,239 |  |  | 39,239 |  |  | 31,206 |
Total | $ | 7,686,073 |  |  | $ | 739,494 |  |  | $ | 495,989 |  |  | $ | 8,921,556 |  |  | $ | 1,253,205 |  |  | $ | 984,020 |
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 |
_________________ (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, 2023 and 2022 were $298 million and $252 million, respectively, and for the nine months ended September 30, 2023 and 2022 were $852 million and $750 million, respectively. Revenues for Reinsurance & Monoline Excess from foreign operations for the three months ended September 30, 2023 and 2022 were $124 million and $117 million, respectively, and for the nine months ended September 30, 2023 and 2022 were $333 million and $307 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, 2023 |  | December 31, 2022 |
Insurance | $ | 28,862,050 |  |  | $ | 27,012,479 |  |
Reinsurance & Monoline Excess | 5,194,783 |  |  | 5,195,752 |  |
Corporate, other and eliminations | 2,054,515 |  |  | 1,606,872 |  |
Consolidated | $ | 36,111,348 |  |  | $ | 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 September 30, |  | For the Nine Months Ended September 30,
(In thousands) | 2023 |  | 2022 |  | 2023 |  | 2022
Insurance: |  |  |  |  |  |  |
Other liability | $ | 918,054 |  |  | $ | 824,595 |  |  | $ | 2,668,831 |  |  | $ | 2,363,349 |
Short-tail lines (1) | 490,598 |  |  | 407,211 |  |  | 1,383,654 |  |  | 1,184,191 |
Commercial automobile | 335,572 |  |  | 307,754 |  |  | 965,416 |  |  | 891,729 |
Workers' compensation | 300,694 |  |  | 307,323 |  |  | 905,405 |  |  | 892,390 |
Professional liability | 274,517 |  |  | 282,131 |  |  | 824,398 |  |  | 830,346 |
Total Insurance | 2,319,435 |  |  | 2,129,014 |  |  | 6,747,704 |  |  | 6,162,005 |
Reinsurance & Monoline Excess: |  |  |  |  |  |  |
Casualty reinsurance | 192,071 |  |  | 193,726 |  |  | 574,660 |  |  | 568,507 |
Monoline excess (2) | 60,363 |  |  | 54,675 |  |  | 177,853 |  |  | 161,181 |
Property reinsurance | 70,045 |  |  | 64,546 |  |  | 185,856 |  |  | 156,512 |
Total Reinsurance & Monoline Excess | 322,479 |  |  | 312,947 |  |  | 938,369 |  |  | 886,200 |
Total | $ | 2,641,914 |  |  | $ | 2,441,961 |  |  | $ | 7,686,073 |  |  | $ | 7,048,205 |
______________ (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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