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Segment Reporting (Tables)
12 Months Ended
Dec. 31, 2021
Segment Reporting [Abstract]  
Schedule Of Underwriting Results For Operating Segments

 

Year Ended December 31, 2021

(Dollars in thousands)

Reinsurance

 

Insurance

 

Total

Gross written premiums

$

9,067,292

 

$

3,982,464

 

$

13,049,756

Net written premiums

 

8,535,618

 

 

2,909,886

 

 

11,445,505

 

 

 

 

 

 

 

 

 

Premiums earned

$

7,757,483

 

$

2,648,957

 

$

10,406,441

Incurred losses and LAE

 

5,556,444

 

 

1,834,809

 

 

7,391,253

Commission and brokerage

 

1,854,466

 

 

354,300

 

 

2,208,766

Other underwriting expenses

 

199,148

 

 

383,499

 

 

582,647

Underwriting gain (loss)

$

147,426

 

$

76,349

 

$

223,775

 

 

 

 

 

 

 

 

 

Net investment income

 

 

 

 

 

 

 

1,164,892

Net realized capital gains (losses)

 

 

 

 

 

 

 

257,943

Corporate expenses

 

 

 

 

 

 

 

(67,827)

Interest, fee and bond issue cost amortization expense

 

 

 

 

 

 

 

(70,149)

Other income (expense)

 

 

 

 

 

 

 

36,987

Income (loss) before taxes

 

 

 

 

 

 

$

1,545,621

 

Year Ended December 31, 2020

(Dollars in thousands)

Reinsurance

 

Insurance

 

Total

Gross written premiums

$

7,281,716

 

$

3,200,645

 

$

10,482,361

Net written premiums

 

6,767,579

 

 

2,349,404

 

 

9,116,983

 

 

 

 

 

 

 

 

 

Premiums earned

$

6,466,106

 

$

2,215,407

 

$

8,681,513

Incurred losses and LAE

 

4,933,411

 

 

1,617,426

 

 

6,550,837

Commission and brokerage

 

1,552,371

 

 

320,879

 

 

1,873,250

Other underwriting expenses

 

175,734

 

 

335,503

 

 

511,237

Underwriting gain (loss)

$

(195,410)

 

$

(58,401)

 

$

(253,811)

 

 

 

 

 

 

 

 

 

Net investment income

 

 

 

 

 

 

 

642,465

Net realized capital gains (losses)

 

 

 

 

 

 

 

267,649

Corporate expenses

 

 

 

 

 

 

 

(41,118)

Interest, fee and bond issue cost amortization expense

 

 

 

 

 

 

 

(36,323)

Other income (expense)

 

 

 

 

 

 

 

6,487

Income (loss) before taxes

 

 

 

 

 

 

$

585,349

 

Year Ended December 31, 2019

(Dollars in thousands)

Reinsurance

 

Insurance

 

Total

Gross written premiums

$

6,355,889

 

$

2,777,475

 

$

9,133,364

Net written premiums

 

5,732,272

 

 

2,092,152

 

 

7,824,424

 

 

 

 

 

 

 

 

 

Premiums earned

$

5,491,296

 

$

1,912,390

 

$

7,403,686

Incurred losses and LAE

 

3,675,178

 

 

1,247,720

 

 

4,922,898

Commission and brokerage

 

1,400,247

 

 

303,479

 

 

1,703,726

Other underwriting expenses

 

160,834

 

 

280,065

 

 

440,899

Underwriting gain (loss)

$

255,037

 

$

81,126

 

$

336,163

 

 

 

 

 

 

 

 

 

Net investment income

 

 

 

 

 

 

 

647,139

Net realized capital gains (losses)

 

 

 

 

 

 

 

185,004

Corporate expenses

 

 

 

 

 

 

 

(32,966)

Interest, fee and bond issue cost amortization expense

 

 

 

 

 

 

 

(31,693)

Other income (expense)

 

 

 

 

 

 

 

(4,660)

Income (loss) before taxes

 

 

 

 

 

 

$

1,098,987

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

 

Year Ended December 31,

(Dollars in thousands)

2021

 

2020

 

2019

United Kingdom gross written premium

$

1,245,909

 

$

1,116,363

 

$

964,358