XML 106 R91.htm IDEA: XBRL DOCUMENT v3.20.4
Income Taxes (Reconciliation Of The Difference Between The Provision For Income Taxes And The Expected Tax Provision At The Weighted Average Tax Rate) (Details) - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Dec. 31, 2020
Sep. 30, 2020
Jun. 30, 2020
Mar. 31, 2020
Dec. 31, 2019
Sep. 30, 2019
Jun. 30, 2019
Mar. 31, 2019
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Income Taxes [Line Items]                      
Underwriting gain (loss)                 $ (253,811) $ 336,163 $ (610,275)
Net investment income $ 222,349 $ 234,233 $ 38,083 $ 147,800 $ 146,077 $ 181,058 $ 179,028 $ 140,976 642,465 647,139 581,183
Net realized capital gains (losses) $ 183,386 $ 110,203 $ 184,648 $ (210,588) $ 75,443 $ (12,943) $ 30,272 $ 92,232 267,649 185,004 (127,136)
Corporate expenses                 (41,118) (32,966) (30,672)
Interest, fee and bond issue cost amortization expense                 (36,323) (31,693) (31,031)
Other income (expense)                 6,487 (4,660) (24,251)
INCOME (LOSS) BEFORE TAXES                 585,349 1,098,987 (242,182)
Total income tax provision                 71,198 89,526 (331,223)
Domestic [Member]                      
Income Taxes [Line Items]                      
Underwriting gain (loss)                 24,041 38,964 (1,407,020)
Net investment income                 339,721 325,179 283,569
Net realized capital gains (losses)                 234,970 155,609 (90,033)
Net derivative gain (loss)                
Corporate expenses                 (15,985) (13,063) (11,035)
Interest, fee and bond issue cost amortization expense                 (35,659) (34,931) (30,611)
Other income (expense)                 (14,656) (1,976) (5,894)
INCOME (LOSS) BEFORE TAXES                 532,432 469,782 (1,261,024)
Expected tax provision at the applicable statutory rate(s)                 111,846 98,766 (264,912)
Increase (decrease) in taxes resulting from: Tax exempt income                 (3,598) (3,680) (3,824)
Increase (decrease) in taxes resulting from: Dividend received deduction                 (1,100) (998) (1,520)
Increase (decrease) in taxes resulting from: Proration                 1,049 1,050 1,150
Increase (decrease) in taxes resulting from: Affiliated preferred stock dividends                 6,517 6,517 6,517
Increase (decrease) in taxes resulting from: Creditable foreign premium tax                 (11,513) (9,852) (13,475)
Increase (decrease) in taxes resulting from: Tax audit settlement                 (1,576) (2,094)
Increase (decrease) in taxes resulting from: U.S. rate differential on carryback of net operation losses to PY                 (43,734)
Increase (decrease) in taxes resulting from: U.S. rate differential on deferred tax 2017 return to provision                 (28,411)
Increase (decrease) in taxes resulting from: Share based compensation tax benefits formerly in APIC                 (2,605) (2,984) (3,333)
Increase (decrease) in taxes resulting from: Impact of CARES Act                 (32,500)
Increase (decrease) in tax resulting from: Change in uncertain tax positions                 277 138 73
Increase (decrease) in taxes resulting from: Valuation allowance                 (8,434) 8,434
Increase (decrease) in taxes resulting from: Other                 2,393 (3,744) 7,506
Total income tax provision                 70,766 75,203 (337,623)
Non-U.S. [Member]                      
Income Taxes [Line Items]                      
Underwriting gain (loss)                 (277,852) 297,199 796,745
Net investment income                 302,744 321,960 297,614
Net realized capital gains (losses)                 32,679 29,394 (37,103)
Net derivative gain (loss)                 1,541 6,374 520
Corporate expenses                 (25,133) (19,903) (19,637)
Interest, fee and bond issue cost amortization expense                 (664) 3,239 (420)
Other income (expense)                 19,602 (9,057) (18,877)
INCOME (LOSS) BEFORE TAXES                 52,917 629,206 1,018,842
Expected tax provision at the applicable statutory rate(s)                 (10,356) 17,205 9,647
Increase (decrease) in taxes resulting from: Tax exempt income                
Increase (decrease) in taxes resulting from: Dividend received deduction                
Increase (decrease) in taxes resulting from: Proration                
Increase (decrease) in taxes resulting from: Affiliated preferred stock dividends                
Increase (decrease) in taxes resulting from: Creditable foreign premium tax                
Increase (decrease) in taxes resulting from: Tax audit settlement                
Increase (decrease) in taxes resulting from: U.S. rate differential on carryback of net operation losses to PY                
Increase (decrease) in taxes resulting from: U.S. rate differential on deferred tax 2017 return to provision                
Increase (decrease) in taxes resulting from: Share based compensation tax benefits formerly in APIC                 (388) (373) (120)
Increase (decrease) in taxes resulting from: Impact of CARES Act                
Increase (decrease) in tax resulting from: Change in uncertain tax positions                 15,144 3,772 2,257
Increase (decrease) in taxes resulting from: Valuation allowance                
Increase (decrease) in taxes resulting from: Other                 (3,968) (6,281) (5,384)
Total income tax provision                 $ 432 $ 14,323 $ 6,400