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Consolidated Statements Of Operations And Comprehensive Income (Loss) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
REVENUES:    
Premiums earned $ 2,036,814 $ 1,732,697
Net investment income 147,800 140,976
Net realized capital gains (losses):    
Credit allowances on fixed maturity securities (21,774)
Other-than-temporary impairments on fixed maturity securities (2,933)
Other net realized capital gains (losses) (188,814) 95,165
Total net realized capital gains (losses) (210,588) 92,232
Net derivative gain (loss) (15,373) 3,231
Other income (expense) 23,363 (3,300)
Total revenues 1,982,016 1,965,836
CLAIMS AND EXPENSES:    
Incurred losses and loss adjustment expenses 1,430,840 1,048,550
Commission, brokerage, taxes and fees 448,522 389,474
Other underwriting expenses 128,860 98,985
Corporate expenses 9,833 6,652
Interest, fees and bond issue cost amortization expense 7,583 7,631
Total claims and expenses 2,025,638 1,551,292
INCOME (LOSS) BEFORE TAXES (43,622) 414,544
Income tax expense (benefit) (60,234) 59,993
NET INCOME (LOSS) 16,612 354,551
Other comprehensive income (loss), net of tax :    
Unrealized appreciation (depreciation) ("URA(D)") on securities arising during the period (279,398) 233,065
Reclassification adjustment for realized losses (gains) included in net income (loss) 31,399 (1,822)
Total URA(D) on securities arising during the period (247,999) 231,243
Foreign currency translation adjustments (50,824) 14,052
Reclassification adjustment for amortization of net (gain) loss included in net income (loss) 920 1,151
Total benefit plan net gain (loss) for the period 920 1,151
Total other comprehensive income (loss), net of tax (297,903) 246,446
COMPREHENSIVE INCOME (LOSS) $ (281,291) $ 600,997
EARNINGS PER COMMON SHARE:    
Basic $ 0.41 $ 8.70
Diluted $ 0.41 $ 8.67