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Segment Reporting (Tables)
3 Months Ended
Mar. 31, 2022
Segment Reporting [Abstract]  
Schedule Of Underwriting Results For Operating Segments

 

 

 

 

Reinsurance

Three Months Ended March 31, 2022

 

Three Months Ended March 31, 2021

(Dollars in thousands)

Reinsurance

 

Insurance

 

Total

 

Reinsurance

 

Insurance

 

Total

Gross written premiums

$

2,185,612

 

$

1,000,739

 

$

3,186,351

 

$

2,059,015

 

$

872,418

 

$

2,931,433

Net written premiums

 

2,081,449

 

 

730,564

 

 

2,812,013

 

 

1,912,950

 

 

640,987

 

 

2,553,937

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Premiums earned

$

2,066,254

 

$

725,511

 

$

2,791,765

 

$

1,777,452

 

$

610,413

 

$

2,387,865

Incurred losses and LAE

 

1,324,716

 

 

465,147

 

 

1,789,863

 

 

1,271,906

 

 

439,513

 

 

1,711,419

Commission and brokerage

 

514,243

 

 

90,987

 

 

605,230

 

 

408,724

 

 

80,287

 

 

489,011

Other underwriting expenses

 

50,453

 

 

110,840

 

 

161,293

 

 

51,996

 

 

90,235

 

 

142,231

Underwriting gain (loss)

$

176,842

 

$

58,537

 

$

235,379

 

$

44,826

 

$

378

 

$

45,204

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net investment income

 

 

 

 

 

 

 

242,830

 

 

 

 

 

 

 

 

260,413

Net gains (losses) on investments

 

 

 

 

 

 

 

(153,627)

 

 

 

 

 

 

 

 

38,902

Corporate expenses

 

 

 

 

 

 

 

(14,020)

 

 

 

 

 

 

 

 

(12,378)

Interest, fee and bond issue cost amortization expense

 

 

 

 

 

 

 

(24,078)

 

 

 

 

 

 

 

 

(15,639)

Other income (expense)

 

 

 

 

 

 

 

15,363

 

 

 

 

 

 

 

 

56,593

Income (loss) before taxes

 

 

 

 

 

 

$

301,847

 

 

 

 

 

 

 

$

373,095

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

 

Three Months Ended

 

March 31,

(Dollars in thousands)

2022

 

2021

United Kingdom gross written premium

$

311,581

 

$

366,148