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Consolidated Statements Of Operations And Comprehensive Income (Loss) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
REVENUES:    
Premiums earned $ 2,387,865 $ 2,036,814
Net investment income 260,413 147,800
Net realized capital gains (losses):    
Credit allowances on fixed maturity securities (6,977) (21,774)
Other net realized capital gains (losses) 45,879 (188,814)
Total net realized capital gains (losses) 38,902 (210,588)
Other income (expense) 56,593 7,990
Total revenues 2,743,773 1,982,016
CLAIMS AND EXPENSES:    
Incurred losses and loss adjustment expenses 1,711,419 1,430,840
Commission, brokerage, taxes and fees 489,011 448,522
Other underwriting expenses 142,231 128,860
Corporate expenses 12,378 9,833
Interest, fees and bond issue cost amortization expense 15,639 7,583
Total claims and expenses 2,370,678 2,025,638
Income (loss) before taxes 373,095 (43,622)
Income tax expense (benefit) 31,233 (60,234)
NET INCOME (LOSS) 341,862 16,612
Other comprehensive income (loss), net of tax:    
Unrealized appreciation (depreciation) ("URA(D)") on securities arising during the period (288,615) (279,398)
Reclassification adjustment for realized losses (gains) included in net income (loss) (3,666) 31,399
Change in unrealized appreciation (depreciation), net of deferred taxes, included in shareholders' equity (292,281) (247,999)
Foreign currency translation adjustments (9,582) (50,824)
Reclassification adjustment for amortization of net (gain) loss included in net income (loss) 2,043 920
Total benefit plan net gain (loss) for the period 2,043 920
Total other comprehensive income (loss), net of tax (299,820) (297,903)
COMPREHENSIVE INCOME (LOSS) $ 42,042 $ (281,291)
EARNINGS PER COMMON SHARE:    
Basic $ 8.53 $ 0.41
Diluted $ 8.52 $ 0.41