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Segment Reporting (Tables)
3 Months Ended
Mar. 31, 2019
Segment Reporting [Abstract]  
Schedule Of Underwriting Results For Operating Segments

 

 

Three Months Ended

 

U.S. Reinsurance

 

March 31,

 

(Dollars in thousands)

 

2019

 

 

2018

 

Gross written premiums

 

$

764,146

 

 

$

644,222

 

Net written premiums

 

 

669,707

 

 

 

545,831

 

 

 

 

 

 

 

 

 

 

Premiums earned

 

$

626,471

 

 

$

563,385

 

Incurred losses and LAE

 

 

320,104

 

 

 

545,193

 

Commission and brokerage

 

 

167,102

 

 

 

127,320

 

Other underwriting expenses

 

 

15,591

 

 

 

16,886

 

Underwriting gain (loss)

 

$

123,674

 

 

$

(126,014

)

 

 

 

 

 

Three Months Ended

 

International

 

March 31,

 

(Dollars in thousands)

 

2019

 

 

2018

 

Gross written premiums

 

$

400,054

 

 

$

366,724

 

Net written premiums

 

 

375,505

 

 

 

345,155

 

 

 

 

 

 

 

 

 

 

Premiums earned

 

$

350,935

 

 

$

343,604

 

Incurred losses and LAE

 

 

254,135

 

 

 

127,024

 

Commission and brokerage

 

 

81,425

 

 

 

82,177

 

Other underwriting expenses

 

 

8,681

 

 

 

10,576

 

Underwriting gain (loss)

 

$

6,694

 

 

$

123,827

 

 

 

 

 

 

Three Months Ended

 

Bermuda

 

March 31,

 

(Dollars in thousands)

 

2019

 

 

2018

 

Gross written premiums

 

$

367,851

 

 

$

415,686

 

Net written premiums

 

 

349,341

 

 

 

394,968

 

 

 

 

 

 

 

 

 

 

Premiums earned

 

$

330,113

 

 

$

319,134

 

Incurred losses and LAE

 

 

197,959

 

 

 

129,513

 

Commission and brokerage

 

 

74,110

 

 

 

81,487

 

Other underwriting expenses

 

 

11,497

 

 

 

10,133

 

Underwriting gain (loss)

 

$

46,547

 

 

$

98,001

 

 

 

 

 

 

 

Three Months Ended

 

Insurance

 

March 31,

 

(Dollars in thousands)

 

2019

 

 

2018

 

Gross written premiums

 

$

595,057

 

 

$

504,975

 

Net written premiums

 

 

457,145

 

 

 

386,252

 

 

 

 

 

 

 

 

 

 

Premiums earned

 

$

425,178

 

 

$

393,304

 

Incurred losses and LAE

 

 

276,352

 

 

 

255,447

 

Commission and brokerage

 

 

66,837

 

 

 

66,655

 

Other underwriting expenses

 

 

63,216

 

 

 

58,689

 

Underwriting gain (loss)

 

$

18,773

 

 

$

12,513

 

Schedule Of Underwriting Results For Operating Segments To Income (Loss) Before Taxes

 

 

Three Months Ended

 

 

 

March 31,

 

(Dollars in thousands)

 

2019

 

 

2018

 

Underwriting gain (loss)

 

$

195,688

 

 

$

108,327

 

Net investment income

 

 

140,976

 

 

 

138,294

 

Net realized capital gains (losses)

 

 

92,232

 

 

 

(24,901

)

Net derivative gain (loss)

 

 

3,231

 

 

 

273

 

Corporate expenses

 

 

(6,652

)

 

 

(8,996

)

Interest, fee and bond issue cost amortization expense

 

 

(7,631

)

 

 

(7,418

)

Other income (expense)

 

 

(9,053

)

 

 

12,064

 

Income (loss) before taxes

 

$

408,791

 

 

$

217,643

 

Schedule Of Gross Written Premiums Derived From Largest Non-U.S. Market

 

 

Three Months Ended

 

 

 

March 31,

 

(Dollars in thousands)

 

2019

 

 

2018

 

United Kingdom gross written premium

 

$

263,857

 

 

$

258,259