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Consolidated Statements Of Income And Comprehensive Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
OPERATING REVENUES        
Earned premiums $ 2,205,773 $ 2,110,108 $ 6,436,838 $ 6,314,834
Net investment income 245,675 235,477 712,779 676,807
Products revenues 607,493 612,277 2,015,542 2,060,336
Services and other revenues 875,608 735,872 2,340,109 2,037,991
Total Operating Revenues 3,934,549 3,693,734 11,505,268 11,089,968
Net investment gains 432,886 917,530 864,038 1,689,794
OPERATING EXPENSES        
Losses and loss adjustment expenses 1,253,826 1,290,612 3,796,525 3,810,934
Underwriting, acquisition and insurance expenses 782,501 743,556 2,304,150 2,192,603
Products expenses 555,493 549,990 1,762,782 1,766,930
Services and other expenses 721,712 609,321 1,963,927 1,757,222
Amortization of acquired intangible assets 44,061 46,459 142,216 134,981
Total Operating Expenses 3,357,593 3,239,938 9,969,600 9,662,670
Operating Income 1,009,842 1,371,326 2,399,706 3,117,092
Interest expense (50,678) (53,361) (155,894) (151,506)
Foreign exchange gains (losses) 19,279 (111,612) (245,263) (51,401)
Income Before Income Taxes 978,443 1,206,353 1,998,549 2,914,185
Income tax expense (214,656) (259,411) (428,230) (628,211)
Net Income 763,787 946,942 1,570,319 2,285,974
Net income attributable to noncontrolling interests (12,451) (41,983) (40,121) (88,130)
Net Income to Shareholders 751,336 904,959 1,530,198 2,197,844
Preferred stock dividends and redemption premiums 0 0 26,109 18,000
Net Income to Common Shareholders 751,336 904,959 1,504,089 2,179,844
OTHER COMPREHENSIVE INCOME        
Net holding gains arising during the period 50,995 434,310 464,734 265,586
Reclassification adjustments for net gains (losses) in net income (3,717) 254 3,433 17,406
Change in net unrealized losses on available-for-sale investments, net of taxes 47,278 434,564 468,167 282,992
Other Comprehensive Income, Other, Net of Tax (5,537) (10,041) 9,907 1,459
Total Other Comprehensive Income 41,741 424,523 478,074 284,451
Comprehensive Income 805,528 1,371,465 2,048,393 2,570,425
Comprehensive income attributable to noncontrolling interests (12,402) (42,007) (40,086) (88,226)
Comprehensive Income to Shareholders $ 793,126 $ 1,329,458 $ 2,008,307 $ 2,482,199
NET INCOME PER COMMON SHARE        
Basic $ 59.44 $ 66.40 $ 120.92 $ 160.71
Diluted $ 59.25 $ 66.25 $ 120.60 $ 160.42