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Segment Reporting (Tables)
6 Months Ended
Jun. 30, 2021
Segment Reporting [Abstract]  
Schedule Of Underwriting Results For Operating Segments

 

Three Months Ended

 

Six Months Ended

Reinsurance

June 30,

 

June 30,

(Dollars in thousands)

2021

 

2020

 

2021

 

2020

Gross written premiums

$

2,148,235

 

$

1,538,348

 

$

4,207,250

 

$

3,316,119

Net written premiums

 

2,059,919

 

 

1,424,089

 

 

3,972,868

 

 

3,037,183

 

 

 

 

 

 

 

 

 

 

 

 

Premiums earned

$

1,920,801

 

$

1,502,256

 

$

3,698,253

 

$

2,987,476

Incurred losses and LAE

 

1,168,139

 

 

1,005,677

 

 

2,440,045

 

 

2,026,319

Commission and brokerage

 

473,258

 

 

387,339

 

 

881,982

 

 

757,695

Other underwriting expenses

 

47,065

 

 

39,698

 

 

99,061

 

 

83,837

Underwriting gain (loss)

$

232,339

 

$

69,542

 

$

277,165

 

$

119,625

 

Three Months Ended

 

Six Months Ended

Insurance

June 30,

 

June 30,

(Dollars in thousands)

2021

 

2020

 

2021

 

2020

Gross written premiums

$

1,041,905

 

$

830,990

 

$

1,914,323

 

$

1,624,090

Net written premiums

 

749,492

 

 

593,389

 

 

1,390,479

 

 

1,181,774

 

 

 

 

 

 

 

 

 

 

 

 

Premiums earned

$

637,571

 

$

540,149

 

$

1,247,984

 

$

1,091,743

Incurred losses and LAE

 

418,002

 

 

401,339

 

 

857,515

 

 

811,537

Commission and brokerage

 

84,490

 

 

78,977

 

 

164,777

 

 

157,143

Other underwriting expenses

 

93,779

 

 

78,432

 

 

184,014

 

 

163,153

Underwriting gain (loss)

$

41,300

 

$

(18,599)

 

$

41,678

 

$

(40,090)

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

 

Three Months Ended

 

Six Months Ended

 

June 30,

 

June 30,

(Dollars in thousands)

2021

 

2020

 

2021

 

2020

Underwriting gain (loss)

$

273,639

 

$

50,943

 

$

318,843

 

$

79,535

Net investment income

 

407,095

 

 

38,083

 

 

667,508

 

 

185,883

Net realized capital gains (losses)

 

104,109

 

 

184,648

 

 

143,011

 

 

(25,940)

Corporate expenses

 

(16,168)

 

 

(8,733)

 

 

(28,546)

 

 

(18,566)

Interest, fee and bond issue cost amortization expense

 

(15,607)

 

 

(7,253)

 

 

(31,246)

 

 

(14,836)

Other income (expense)

 

7,114

 

 

(20,621)

 

 

63,707

 

 

(12,631)

Income (loss) before taxes

$

760,181

 

$

237,067

 

$

1,133,276

 

$

193,445

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

 

Three Months Ended

 

Six Months Ended

 

June 30,

 

June 30,

(Dollars in thousands)

2021

 

2020

 

2021

 

2020

United Kingdom gross written premium

$

249,314

 

$

236,100

 

$

615,462

 

$

542,808