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Consolidated Statements Of Income (Loss) And Comprehensive Income (Loss) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
OPERATING REVENUES      
Earned premiums $ 8,432,412 $ 8,295,479 $ 7,587,792
Net investment income 920,496 734,532 446,755
Net investment gains (losses) 1,807,219 1,524,054 (1,595,733)
Products revenues 2,635,659 2,545,053 2,427,096
Services and other revenues 2,824,977 2,704,512 2,809,425
Total operating revenues 16,620,763 15,803,630 11,675,335
OPERATING EXPENSES      
Losses and loss adjustment expenses 5,052,749 5,322,009 4,445,589
Underwriting, acquisition and insurance expenses 2,977,389 2,840,734 2,515,583
Products expenses 2,272,219 2,220,676 2,241,736
Services and other expenses 2,424,372 2,310,769 2,306,985
Amortization of intangible assets 181,472 180,614 178,778
Impairment of goodwill 0 0 80,000
Total Operating Expenses 12,908,201 12,874,802 11,768,671
Operating Income (Loss) 3,712,562 2,928,828 (93,336)
Interest expense (204,300) (185,077) (196,062)
Net foreign exchange gains (losses) 129,438 (90,045) 137,832
Income (Loss) Before Income Taxes 3,637,700 2,653,706 (151,566)
Income tax (expense) benefit (790,294) (552,616) 48,209
Net Income (Loss) 2,847,406 2,101,090 (103,357)
Net income attributable to noncontrolling interests (100,384) (105,030) (112,920)
Net Income (Loss) to Shareholders 2,747,022 1,996,060 (216,277)
Preferred stock dividends (36,000) (36,000) (36,000)
Net Income (Loss) to Common Shareholders 2,711,022 1,960,060 (252,277)
OTHER COMPREHENSIVE INCOME (LOSS)      
Net holding gains (losses) arising during the period (148,302) 278,363 (1,199,736)
Reclassification adjustments for net losses included in net income (loss) 18,007 28,540 44,906
Change in net unrealized gains (losses) on available-for-sale investments, net of taxes (130,295) 306,903 (1,154,830)
Change in discount rate for life and annuity benefits, net of taxes 252 (22,343) 149,874
Change in foreign currency translation adjustments, net of taxes (3,765) 4,704 (9,259)
Change in net actuarial pension loss, net of taxes (4,946) 74 24,730
Total Other Comprehensive Income (Loss) (138,754) 289,338 (989,485)
Comprehensive Income (Loss) 2,708,652 2,390,428 (1,092,842)
Comprehensive income attributable to noncontrolling interests (100,502) (105,084) (112,937)
Comprehensive Income (Loss) to Shareholders $ 2,608,150 $ 2,285,344 $ (1,205,779)
NET INCOME (LOSS) PER COMMON SHARE      
Basic (dollars per share) $ 199.69 $ 147.32 $ (23.72)
Diluted (dollars per share) $ 199.32 $ 146.98 $ (23.72) [1]
[1] The impact of 33 thousand shares from restricted stock units and restricted stock was excluded from the computation of diluted net loss per common share for the year ended December 31, 2022 because the effect would have been anti-dilutive.