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Consolidated Statements Of Operations And Comprehensive Income (Loss) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
REVENUES:      
Premiums earned $ 10,406,441 $ 8,681,513 $ 7,403,686
Net investment income 1,164,892 642,465 647,139
Net realized capital gains (losses):      
Credit allowances on fixed maturity securities (27,992) (1,745)
Other net realized capital gains (losses) 285,935 269,394 205,903
Total net realized capital gains (losses) 257,943 267,649 185,004
Other income (expense) 36,987 6,487 (4,660)
Total revenues 11,866,263 9,598,114 8,231,169
CLAIMS AND EXPENSES:      
Incurred losses and loss adjustment expenses 7,391,253 6,550,837 4,922,898
Commission, brokerage, taxes and fees 2,208,766 1,873,250 1,703,726
Other underwriting expenses 582,647 511,237 440,899
Corporate expenses 67,827 41,118 32,966
Interest, fees and bond issue cost amortization expense 70,149 36,323 31,693
Total claims and expenses 10,320,642 9,012,765 7,132,182
INCOME (LOSS) BEFORE TAXES 1,545,621 585,349 1,098,987
Income tax expense (benefit) 166,538 71,198 89,526
NET INCOME (LOSS) 1,379,083 514,151 1,009,461
Other comprehensive income (loss), net of tax:      
Unrealized appreciation (depreciation) ("URA(D)") on securities arising during the period (488,378) 423,210 496,430
Reclassification adjustment for realized losses (gains) included in net income (loss) 3,616 (3,476) (12,613)
Total URA(D) on securities arising during the period (484,762) 419,734 483,817
Foreign currency translation adjustments (62,091) 86,327 14,030
Benefit plan actuarial net gain (loss) for the period 6,251 (5,615) (12,591)
Reclassification adjustment for amortization of net (gain) loss included in net income (loss) 17,227 6,300 5,453
Total benefit plan net gain (loss) for the period 23,478 685 (7,138)
Total other comprehensive income (loss), net of tax (523,375) 506,746 490,709
COMPREHENSIVE INCOME (LOSS) $ 855,708 $ 1,020,897 $ 1,500,170
EARNINGS PER COMMON SHARE:      
Basic $ 34.66 $ 12.81 $ 24.77
Diluted $ 34.62 $ 12.78 $ 24.70