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Revisions To Financial Statements (Tables)

12 Months Ended

Dec. 31, 2019

Revisions To Financial Statements [Abstract]

Schedule of Prior Period Financial Statements

CONSOLIDATED BALANCE SHEETS		December 31, 2018									December 31, 2017
		As Previously			Impact of						As Previously			Impact of
		Reported			Revisions			As Revised			Reported			Revisions			As Revised
(Dollars in thousands)
ASSETS:
Premiums Receivable		$	2,218,283		$	(35,100)		$	2,183,183		$	1,844,881		$	(25,106)		$	1,819,775
Funds held by reinsureds			445,040			(10,009)			435,031			292,927			(4,292)			288,635
Income taxes			592,385			2,102			594,487			299,438			902			300,340
TOTAL ASSETS		$	24,793,999		$	(43,007)		$	24,750,992		$	23,591,792		$	(28,496)		$	23,563,296

SHAREHOLDERS' EQUITY:
Retained earnings			9,574,440			(43,007)			9,531,433			9,685,908			(28,496)			9,657,412
Total shareholders' equity			7,903,804			(43,007)			7,860,797			8,369,232			(28,496)			8,340,736
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY		$	24,793,999		$	(43,007)		$	24,750,992		$	23,591,792		$	(28,496)		$	23,563,296

CONSOLIDATED BALANCE SHEETS		June 30, 2019									March 31, 2019
		As Previously			Impact of						As Previously			Impact of
		Reported			Revisions			As Revised			Reported			Revisions			As Revised
(Dollars in thousands)
ASSETS:
Premiums Receivable		$	2,389,943		$	(38,836)		$	2,351,107		$	2,392,094		$	(29,831)		$	2,362,263
Funds held by reinsureds			498,043			(10,768)			487,275			432,736			(9,525)			423,211
Income taxes			358,457			2,261			360,718			475,851			2,000			477,851
TOTAL ASSETS		$	26,387,791		$	(47,343)		$	26,340,448		$	25,630,507		$	(37,356)		$	25,593,151

SHAREHOLDERS' EQUITY:
Retained earnings			10,152,059			(47,343)			10,104,716			9,866,203			(37,356)			9,828,847
Total stockholder's equity			8,884,160			(47,343)			8,836,817			8,426,629			(37,356)			8,389,273
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY		$	26,387,791		$	(47,343)		$	26,340,448		$	25,630,507		$	(37,356)		$	25,593,151

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE		Year Ended December 31, 2018									Year Ended December 31, 2017
INCOME (LOSS):		As Previously			Impact of						As Previously			Impact of
		Reported			Revisions			As Revised			Reported			Revisions			As Revised
(Dollars in thousands)
Revenues:
Other income (expense)		$	(9,060)		$	(15,711)		$	(24,771)		$	(35,442)		$	14,227		$	(21,215)
Total revenues		$	7,377,206		$	(15,711)		$	7,361,495		$	6,608,071		$	14,227		$	6,622,298

INCOME (LOSS) BEFORE TAXES		$	(226,471)		$	(15,711)		$	(242,182)		$	405,184		$	14,227		$	419,411
Income tax expense (benefit)			(330,023)			(1,200)			(331,223)			(63,784)			444			(63,340)

NET INCOME (LOSS)		$	103,552		$	(14,511)		$	89,041		$	468,968		$	13,783		$	482,751

COMPREHENSIVE INCOME (LOSS)		$	(196,913)		$	(14,511)		$	(211,424)		$	526,091		$	13,783		$	539,874

EARNINGS PER COMMON SHARE:
Basic		$	2.54		$	(0.36)		$	2.18		$	11.43		$	0.34		$	11.77
Diluted		$	2.53		$	(0.36)		$	2.17		$	11.36		$	0.34		$	11.70

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE			Three Months Ended June 30, 2019									Six Months Ended June 30, 2019
INCOME (LOSS):			As Previously			Impact of						As Previously			Impact of
			Reported			Revisions			As Revised			Reported			Revisions			As Revised
(Dollars in thousands)
Revenues:
Other income (expense)		$	(7,977)		$	(10,248)		$	(18,225)		$	(17,030)		$	(4,495)		$	(21,525)
Total revenues		$	2,018,975		$	(10,248)		$	2,008,727		$	3,979,058		$	(4,495)		$	3,974,563

INCOME (LOSS) BEFORE TAXES		$	382,593		$	(10,248)		$	372,345		$	791,384		$	(4,495)		$	786,889
Income tax expense (benefit)			39,738			(261)			39,477			99,629			(159)			99,470

NET INCOME (LOSS)		$	342,855		$	(9,987)		$	332,868		$	691,755		$	(4,336)		$	687,419

COMPREHENSIVE INCOME (LOSS)		$	514,064		$	(9,987)		$	504,077		$	1,109,410		$	(4,336)		$	1,105,074

EARNINGS PER COMMON SHARE:
Basic		$	8.42		$	(0.25)		$	8.17		$	16.98		$	(0.10)		$	16.88
Diluted		$	8.39		$	(0.24)		$	8.15		$	16.93		$	(0.11)		$	16.82

CONSOLIDATED STATEMENTS OF OPERATIONS		Three Months Ended March 31, 2,019
AND COMPREHENSIVE INCOME (LOSS):		As Previously			Impact of
		Reported			Revisions			As Revised
(Dollars in thousands)
Revenues:
Other income (expense)		$	(9,053)		$	5,753		$	(3,300)
Total revenues		$	1,960,083		$	5,753		$	1,965,836

INCOME (LOSS) BEFORE TAXES		$	408,791		$	5,753		$	414,544
Income tax expense (benefit)			59,891			102			59,993

NET INCOME (LOSS)		$	348,900		$	5,651		$	354,551

COMPREHENSIVE INCOME (LOSS)		$	595,346		$	5,651		$	600,997

EARNINGS PER COMMON SHARE:
Basic		$	8.57		$	0.13		$	8.70
Diluted		$	8.54		$	0.13		$	8.67

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE		Three Months Ended September 30, 2018									Nine Months Ended September 30, 2018
INCOME (LOSS):		As Previously			Impact of						As Previously			Impact of
		Reported			Revisions			As Revised			Reported			Revisions			As Revised
(Dollars in thousands)
Revenues:
Other income (expense)		$	(5,458)		$	(7,950)		$	(13,408)		$	9,642		$	(12,590)		$	(2,948)
Total revenues		$	1,944,413		$	(7,950)		$	1,936,463		$	5,582,509		$	(12,590)		$	5,569,919

INCOME (LOSS) BEFORE TAXES		$	197,421		$	(7,950)		$	189,471		$	475,827		$	(12,590)		$	463,237
Income tax expense (benefit)			(8,192)			(718)			(8,910)			(9,999)			(1,118)			(11,117)

NET INCOME (LOSS)		$	205,613		$	(7,232)		$	198,381		$	485,826		$	(11,472)		$	474,354

COMPREHENSIVE INCOME (LOSS)		$	180,634		$	(7,232)		$	173,402		$	177,601		$	(11,472)		$	166,129

EARNINGS PER COMMON SHARE:
Basic		$	5.04		$	(0.17)		$	4.87		$	11.89		$	(0.28)		$	11.61
Diluted		$	5.02		$	(0.18)		$	4.84		$	11.83		$	(0.28)		$	11.55

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE		Three Months Ended June 30, 2018									Six Months Ended June 30, 2018
INCOME (LOSS):		As Previously			Impact of						As Previously			Impact of
		Reported			Revisions			As Revised			Reported			Revisions			As Revised
(Dollars in thousands)
Revenues:
Other income (expense)		$	3,036		$	(9,609)		$	(6,573)		$	15,100		$	(4,640)		$	10,460
Total revenues		$	1,892,939		$	(9,609)		$	1,883,330		$	3,638,096		$	(4,640)		$	3,633,456

INCOME (LOSS) BEFORE TAXES		$	60,763		$	(9,609)		$	51,154		$	278,406		$	(4,640)		$	273,766
Income tax expense (benefit)			(9,132)			(501)			(9,633)			(1,807)			(400)			(2,207)

NET INCOME (LOSS)		$	69,895		$	(9,108)		$	60,787		$	280,213		$	(4,240)		$	275,973

COMPREHENSIVE INCOME (LOSS)		$	(33,469)		$	(9,108)		$	(42,577)		$	(3,033)		$	(4,240)		$	(7,273)

EARNINGS PER COMMON SHARE:
Basic		$	1.71		$	(0.22)		$	1.49		$	6.85		$	(0.10)		$	6.75
Diluted		$	1.70		$	(0.22)		$	1.48		$	6.81		$	(0.10)		$	6.71

CONSOLIDATED STATEMENTS OF OPERATIONS		Three Months Ended March 31, 2018
AND COMPREHENSIVE INCOME (LOSS):		As Previously			Impact of
		Reported			Revisions			As Revised
(Dollars in thousands)
Revenues:
Other income (expense)		$	12,064		$	4,969		$	17,033
Total revenues		$	1,745,157		$	4,969		$	1,750,126

INCOME (LOSS) BEFORE TAXES		$	217,643		$	4,969		$	222,612
Income tax expense (benefit)			7,325			101			7,426

NET INCOME (LOSS)		$	210,318		$	4,868		$	215,186

COMPREHENSIVE INCOME (LOSS)		$	30,436		$	4,868		$	35,304

EARNINGS PER COMMON SHARE:
Basic		$	5.14		$	0.12		$	5.26
Diluted		$	5.11		$	0.12		$	5.23

CONSOLIDATED STATEMENTS OF		Year Ended December 31, 2018									Year Ended December 31, 2017
CHANGES IN STOCKHOLDER'S EQUITY		As Previously			Impact of						As Previously			Impact of
		Reported			Revisions			As Revised			Reported			Revisions			As Revised

(Dollars in thousands)
RETAINED EARNINGS:
Balance, beginning of period		$	9,685,908		$	(28,496)		$	9,657,412		$	9,422,932		$	(42,279)		$	9,380,653
Net income (loss)			103,552			(14,511)			89,041			468,968			13,783			482,751
Balance, end of period			9,574,440			(43,007)			9,531,433			9,685,908			(28,496)			9,657,412
TOTAL STOCKHOLDER'S EQUITY, END OF PERIOD		$	7,903,804		$	(43,007)		$	7,860,797		$	8,369,232		$	(28,496)		$	8,340,736

CONSOLIDATED STATEMENTS OF		Six Months Ended June 30, 2019									Three Months Ended March 31, 2019
CHANGES IN STOCKHOLDER'S EQUITY		As Previously			Impact of						As Previously			Impact of
		Reported			Revisions			As Revised			Reported			Revisions			As Revised

(Dollars in thousands)
RETAINED EARNINGS:
Balance, January 1		$	9,574,440		$	(43,007)		$	9,531,433		$	9,574,440		$	(43,007)		$	9,531,433
Net income (loss)			348,900			5,651			354,551			348,900			5,651			354,551
Balance, March 31			9,866,203			(37,356)			9,828,847			9,866,203			(37,356)			9,828,847
Net income (loss)			342,855			(9,987)			332,868
Balance, June 30,			10,152,059			(47,343)			10,104,716
TOTAL STOCKHOLDER'S EQUITY, June 30		$	8,884,160		$	(47,343)		$	8,836,817		$	8,426,629		$	(37,356)		$	8,389,273

CONSOLIDATED STATEMENTS OF		Three Months Ended September 30, 2018									Nine Months Ended September 30, 2018
CHANGES IN STOCKHOLDER'S EQUITY		As Previously			Impact of						As Previously			Impact of
		Reported			Revisions			As Revised			Reported			Revisions			As Revised

(Dollars in thousands)
RETAINED EARNINGS:
Balance, beginning of period		$	9,860,842		$	(32,736)		$	9,828,106		$	9,685,908		$	(28,496)		$	9,657,412
Net income (loss)			205,613			(7,232)			198,381			485,826			(11,472)			474,354
Balance, end of period			10,013,592			(39,968)			9,973,624			10,013,592			(39,968)			9,973,624
TOTAL STOCKHOLDER'S EQUITY, END OF PERIOD		$	8,329,013		$	(39,968)		$	8,289,045		$	8,329,013		$	(39,968)		$	8,289,045

CONSOLIDATED STATEMENTS OF		Three Months Ended June 30, 2018									Six Months Ended June 30, 2018
CHANGES IN STOCKHOLDER'S EQUITY		As Previously			Impact of						As Previously			Impact of
		Reported			Revisions			As Revised			Reported			Revisions			As Revised

(Dollars in thousands)
RETAINED EARNINGS:
Balance, beginning of period		$	9,844,187		$	(23,628)		$	9,820,559		$	9,685,908		$	(28,496)		$	9,657,412
Net income (loss)			69,895			(9,108)			60,787			280,213			(4,240)			275,973
Balance, end of period			9,860,842			(32,736)			9,828,106			9,860,842			(32,736)			9,828,106
TOTAL STOCKHOLDER'S EQUITY, END OF PERIOD		$	8,241,349		$	(32,736)		$	8,208,613		$	8,241,349		$	(32,736)		$	8,208,613

CONSOLIDATED STATEMENTS OF		Three Months Ended March 31, 2018
CHANGES IN STOCKHOLDER'S EQUITY		As Previously			Impact of
		Reported			Revisions			As Revised

(Dollars in thousands)
RETAINED EARNINGS:
Balance, beginning of period		$	9,685,908		$	(28,496)		$	9,657,412
Net income (loss)			210,318			4,868			215,186
Balance, end of period			9,844,187			(23,628)			9,820,559
TOTAL STOCKHOLDER'S EQUITY, END OF PERIOD		$	8,344,180		$	(23,628)		$	8,320,552

CONSOLIDATED STATEMENTS OF CASH FLOWS		Year Ended December 31, 2018									Year Ended December 31, 2017
		As Previously			Impact of						As Previously			Impact of
		Reported			Revisions			As Revised			Reported			Revisions			As Revised
(Dollars in thousands)
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income (loss)		$	103,552		$	(14,511)		$	89,041		$	468,968		$	13,783		$	482,751
Decrease (increase) in premiums receivable			(392,981)			9,994			(382,987)			(338,335)			(12,111)			(350,446)
Decrease (increase) in funds held by reinsureds, net			(159,344)			5,717			(153,627)			(31,104)			(2,116)			(33,220)
Decrease (increase) in income taxes			(263,865)			(1,200)			(265,065)			(114,521)			444			(114,077)

CONSOLIDATED STATEMENTS OF CASH FLOWS		Six Months Ended June 30, 2019									Three Months Ended March 31, 2019
		As Previously			Impact of						As Previously			Impact of
		Reported			Revisions			As Revised			Reported			Revisions			As Revised
(Dollars in thousands)
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income (loss)		$	691,755		$	(4,336)		$	687,419		$	348,900		$	5,651		$	354,551
Decrease (increase) in premiums receivable			(178,319)			3,736			(174,583)			(163,108)			(5,269)			(168,377)
Decrease (increase) in funds held by reinsureds, net			(56,180)			759			(55,421)			9,837			(484)			9,353
Decrease (increase) in income taxes			180,285			(159)			180,126			91,754			102			91,856

CONSOLIDATED STATEMENTS OF CASH FLOWS		Nine Months Ended September 30, 2018									Six Months Ended June 30, 2018
		As Previously			Impact of						As Previously			Impact of
		Reported			Revisions			As Revised			Reported			Revisions			As Revised
(Dollars in thousands)
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income (loss)		$	485,826		$	(11,472)		$	474,354		$	280,213		$	(4,240)		$	275,973
Decrease (increase) in premiums receivable			(264,556)			7,265			(257,291)			(126,355)			2,733			(123,622)
Decrease (increase) in funds held by reinsureds, net			(78,514)			5,325			(73,189)			(77,794)			1,907			(75,887)
Decrease (increase) in income taxes			59,034			(1,118)			57,916			43,516			(400)			43,116

CONSOLIDATED STATEMENTS OF CASH FLOWS		Three Months Ended March 31, 2018
		As Previously			Impact of
		Reported			Revisions			As Revised
(Dollars in thousands)
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income (loss)		$	210,318		$	4,868		$	215,186
Decrease (increase) in premiums receivable			(56,826)			(4,489)			(61,315)
Decrease (increase) in funds held by reinsureds, net			95,416			(480)			94,936
Decrease (increase) in income taxes			55,905			101			56,006