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Pay vs Performance Disclosure
 12 Months Ended
Dec. 31, 2024
USD ($)
Dec. 31, 2023
USD ($)
Dec. 31, 2022
USD ($)
Dec. 31, 2021
USD ($)
Dec. 31, 2020
USD ($)
Pay vs Performance Disclosure          
Pay vs Performance Disclosure, Table
Year(1)
Summary
Compensation
Table Total for
PEO
($)(2)
Compensation
Actually Paid
to PEO
($)(3)
Average
Summary
Compensation
Table Total for
Non-PEO
Named
Executive
Officers
($)(2)
Average
Compensation
Actually Paid
to Non-PEO
Named
Executive
Officers
($)(3)
Value of Initial Fixed $100
Investment Based On:(4)
Net Income
($)
(in thousands)
Change in
Book Value
Per Share
Plus Change
in
Accumulated
Dividends(6)
(%)
Total
Shareholder
Return
($)
Peer Group
Total
Shareholder
Return
($)(5)
2024
11,537,955
27,602,616
4,527,793
7,400,905
132.31
214.39
1,834,985
19.4%
2023
23,647,253
30,097,370
4,901,470
5,976,242
103.56
160.50
3,620,127
59.3%
2022
10,130,622
10,086,031
3,373,344
3,575,079
96.58
144.67
(1,159,816)
(19.7)%
2021
8,908,774
8,210,429
2,963,222
2,784,054
87.91
126.01
(103,440)
(3.5)%
2020
9,573,736
5,911,812
3,429,817
2,394,301
85.30
105.39
993,058
16.0%
        
Company Selected Measure Name Change in book value per share plus change in accumulated dividends        
Named Executive Officers, Footnote Kevin J. O’Donnell has served as our principal executive officer for the entirety of 2020, 2021, 2022, 2023 and 2024. Our other named
executive officers for the applicable years were as follows:
–2024: Robert Qutub; Ross A. Curtis; David Marra; and Shannon L. Bender
–2023: Robert Qutub; Ross A. Curtis; David Marra; Shannon L. Bender; and Ian D. Branagan
–2022: Robert Qutub; Ross A. Curtis; Ian D. Branagan; and Sean Brosnan
–2021: Robert Qutub; Ross A. Curtis; Ian D. Branagan; and Sean Brosnan
–2020: Robert Qutub; Ross A. Curtis; Ian D. Branagan; and Stephen H. Weinstein 		       
Peer Group Issuers, Footnote The TSR peer group consists of the S&P 1500 Property & Casualty Insurance Index, an independently prepared index that includes
companies in the property and casualty insurance industry (and which is used for the Company’s stock performance chart in the annual
report) 		       
PEO Total Compensation Amount $ 11,537,955 $ 23,647,253 $ 10,130,622 $ 8,908,774 $ 9,573,736
PEO Actually Paid Compensation Amount $ 27,602,616 30,097,370 10,086,031 8,210,429 5,911,812
Adjustment To PEO Compensation, Footnote To calculate the compensation actually paid (“CAP”), adjustments were made to the amounts reported in the “Summary Compensation
Table” for the applicable year. A reconciliation of the adjustments for Mr. O’Donnell and for the average of the other named executive
officers is set forth following the footnotes to this table.
CAP Adjustments – Kevin J. O’Donnell
Year
Summary
Compensation
Table Total
($)(a)
Minus
Grant Date
Fair Value
of Stock
Awards
Granted in
Fiscal Year
($)(b)
Plus Fair
Value at
Fiscal Year-
End of
Outstanding
and
Unvested
Stock
Awards
Granted in
Fiscal Year
($)(c)
Plus/(Minus)
Change in
Fair Value of
Outstanding
and
Unvested
Granted in
Prior Fiscal
Years
($)(d)
Plus Fair
Value at
Vesting of
Stock
Awards
Granted in
Fiscal
Year that
Vested
During
Fiscal
Year
($)(e)
Plus/(Minus)
Change in
Fair Value as
of Vesting
Date of Stock
Awards
Granted in
Prior Years
for which
Applicable
Vesting
Conditions
Were
Satisfied
During Fiscal
Year
($)(f)
Minus Fair
Value as of
Prior Fiscal
Year-End of
Stock
Awards
Granted in
Prior Fiscal
Years that
Failed to
Meet
Applicable
Vesting
Conditions
During
Fiscal Year
($)(g)
Plus
Dollar
Value of
Dividends
Paid
During
the Year
on Stock
Awards
($)(h)
Equals
Compensation
Actually Paid
($)
2024
11,537,955
(5,014,654)
6,843,195
12,076,407
—
2,073,532
—
86,181
27,602,616
2023
23,647,253
(17,014,841)
17,338,993
4,940,668
—
1,123,167
—
62,130
30,097,370
2022
10,130,622
(5,014,750)
6,350,040
740,992
—
(372,333)
(1,806,074)
57,534
10,086,031
2021
8,908,774
(4,674,712)
4,867,899
165,907
—
(19,819)
(1,208,330)
170,710
8,210,429
2020
9,573,736
(4,674,754)
4,549,106
(2,015,955)
—
(779,437)
(896,109)
155,225
5,911,812
        
Non-PEO NEO Average Total Compensation Amount $ 4,527,793 4,901,470 3,373,344 2,963,222 3,429,817
Non-PEO NEO Average Compensation Actually Paid Amount $ 7,400,905 5,976,242 3,575,079 2,784,054 2,394,301
Adjustment to Non-PEO NEO Compensation Footnote CAP Adjustments – Other Non-PEO Named Executive Officers (Average)
Year
Summary
Compensation
Table Total
($)(a)
Minus
Grant Date
Fair Value
of Stock
Awards
Granted in
Fiscal
Year
($)(b)
Plus Fair
Value at
Fiscal Year-
End of
Outstanding
and
Unvested
Stock
Awards
Granted in
Fiscal Year
($)(c)
Plus/(Minus)
Change in
Fair Value of
Outstanding
and
Unvested
Granted in
Prior Fiscal
Years
($)(d)
Plus Fair
Value at
Vesting of
Stock
Awards
Granted in
Fiscal
Year that
Vested
During
Fiscal
Year
($)(e)
Plus/(Minus)
Change in
Fair Value as
of Vesting
Date of Stock
Awards
Granted in
Prior Years
for which
Applicable
Vesting
Conditions
Were
Satisfied
During Fiscal
Year
($)(f)
Minus Fair
Value as of
Prior Fiscal
Year-End of
Stock
Awards
Granted in
Prior Fiscal
Years that
Failed to
Meet
Applicable
Vesting
Conditions
During Fiscal
Year
($)(g)
Plus
Dollar
Value of
Dividends
Paid
During
the Year
on Stock
Awards
($)(h)
Equals
Compensation
Actually Paid
($)
2024
4,527,793
(1,574,730)
2,148,938
1,840,926
—
440,045
—
17,933
7,400,905
2023
4,901,470
(2,308,267)
2,318,756
545,113
170,752
330,142
—
18,276
5,976,242
2022
3,373,344
(1,446,571)
1,831,753
208,920
—
(122,955)
(287,819)
18,407
3,575,079
2021
2,963,222
(1,267,789)
1,320,181
45,919
—
(10,064)
(302,207)
34,792
2,784,054
2020
3,429,817
(1,636,096)
1,418,051
(488,150)
174,070
(296,553)
(250,841)
44,003
2,394,301
(a)Represents Total Compensation as reported in the Summary Compensation Table for the indicated fiscal year. With respect to the CAP
Adjustments - Other Non-PEO Named Executive Officer table, amounts shown represent averages. See footnote 1 for a list of the named
executive officers included in the average for each indicated fiscal year.
(b)Represents the grant date fair value of the stock awards granted during the indicated fiscal year, computed in accordance with the
methodology used for financial reporting purposes.
(c)Represents the fair value as of the indicated fiscal year-end of the outstanding and unvested stock awards granted during such fiscal
year, computed in accordance with the methodology used for financial reporting purposes and, for awards subject to performance-based
vesting conditions, based on the probable outcome of such performance-based vesting conditions as of the last day of the fiscal year.
(d)Represents the change in fair value during the indicated fiscal year of the outstanding and unvested stock awards held by the applicable
named executive officer as of the last day of the indicated fiscal year, computed in accordance with the methodology used for financial
reporting purposes and, for awards subject to performance-based vesting conditions, based on the probable outcome of such
performance-based vesting conditions as of the last day of the fiscal year.
(e)Represents the fair value at vesting of the stock awards that were granted and vested during the indicated fiscal year, computed in
accordance with the methodology used for financial reporting purposes.
(f)Represents the change in fair value, measured from the prior fiscal year-end to the vesting date, of each stock award that was granted in
a prior fiscal year and which vested during the indicated fiscal year, computed in accordance with the methodology used for financial
reporting purposes.
(g)Represents the fair value as of the last day of the prior fiscal year of the stock awards that were granted in a prior fiscal year and which
failed to meet the applicable vesting conditions in the indicated fiscal year, computed in accordance with the methodology used for
financial reporting purposes.
(h)Represents the aggregate value of dividends paid on outstanding and unvested stock awards.
        
Compensation Actually Paid vs. Total Shareholder Return
2199023277904
        
Compensation Actually Paid vs. Net Income
2199023277912
        
Compensation Actually Paid vs. Company Selected Measure
2199023277916
        
Tabular List, Table Please see “Compensation Discussion and Analysis” for a further description of these metrics and how they are
used in our executive compensation program.
•Change in book value per share plus change in accumulated dividends
•Adjusted Operating ROE
•Combined ratio
•Gross premiums written
•Underwriting expense ratio
        
Total Shareholder Return Amount $ 132.31 103.56 96.58 87.91 85.30
Peer Group Total Shareholder Return Amount 214.39 160.50 144.67 126.01 105.39
Net Income (Loss) $ 1,834,985,000 $ 3,620,127,000 $ (1,159,816,000) $ (103,440,000) $ 993,058,000
Company Selected Measure Amount 0.194 0.593 (0.197) (0.035) 0.160
PEO Name Kevin J. O’Donnell        
Additional 402(v) Disclosure Amounts reported in this column represent (i) the total compensation reported in the “Summary Compensation Table” for the applicable
year in the case of Mr. O’Donnell and (ii) the average of the total compensation reported in the “Summary Compensation Table” for the
applicable year for our other named executive officers for the applicable year.
Pursuant to rules of the SEC, the comparison assumes $100 was invested on December 31, 2019. Historic stock price performance is not necessarily indicative of future stock price performance. 		       
Change In Book Value Per Common Share Plus Change In Accumulated Dividends, Vesting, Percentage Of Performance Shares Using Key Metric 75.00%        
Measure:: 1          
Pay vs Performance Disclosure          
Name Change in book value per share plus change in accumulated dividends        
Non-GAAP Measure Description As noted in “Compensation Discussion and Analysis,” the Governance and Human Capital Committee selected change in book value per
common share plus change in accumulated dividends as a key metric for evaluating and rewarding management’s performance in the
2024 incentive program design. This measure is used to determine the vesting of 75% of the performance share awards, the most heavily
weighted component of our executive compensation program.
        
Measure:: 2          
Pay vs Performance Disclosure          
Name Adjusted Operating ROE        
Measure:: 3          
Pay vs Performance Disclosure          
Name Combined ratio        
Measure:: 4          
Pay vs Performance Disclosure          
Name Gross premiums written        
Measure:: 5          
Pay vs Performance Disclosure          
Name Underwriting expense ratio        
PEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount $ (5,014,654) $ (17,014,841) $ (5,014,750) $ (4,674,712) $ (4,674,754)
PEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 6,843,195 17,338,993 6,350,040 4,867,899 4,549,106
PEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 12,076,407 4,940,668 740,992 165,907 (2,015,955)
PEO | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0 0 0 0 0
PEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 2,073,532 1,123,167 (372,333) (19,819) (779,437)
PEO | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0 0 (1,806,074) (1,208,330) (896,109)
PEO | Dividends or Other Earnings Paid on Equity Awards not Otherwise Reflected in Total Compensation for Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 86,181 62,130 57,534 170,710 155,225
Non-PEO NEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (1,574,730) (2,308,267) (1,446,571) (1,267,789) (1,636,096)
Non-PEO NEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 2,148,938 2,318,756 1,831,753 1,320,181 1,418,051
Non-PEO NEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 1,840,926 545,113 208,920 45,919 (488,150)
Non-PEO NEO | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0 170,752 0 0 174,070
Non-PEO NEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 440,045 330,142 (122,955) (10,064) (296,553)
Non-PEO NEO | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0 0 (287,819) (302,207) (250,841)
Non-PEO NEO | Dividends or Other Earnings Paid on Equity Awards not Otherwise Reflected in Total Compensation for Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount $ 17,933 $ 18,276 $ 18,407 $ 34,792 $ 44,003