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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Revenues        
Net premiums earned $ 919,341 $ 966,138 $ 2,764,605 $ 2,912,482
Net investment income 45,685 66,562 226,336 264,171
Other insurance related income 1,158 7,702 12,319 12,468
Termination fee received 280,000 0 280,000 0
Net realized investment gains (losses):        
Other-than-temporary impairment (OTTI) losses (32,301) (9,431) (62,762) (12,121)
Other realized investment gains (losses) (37,656) 86,879 (60,856) 133,450
Total net realized investment gains (losses) (69,957) 77,448 (123,618) 121,329
Total revenues 1,176,227 1,117,850 3,159,642 3,310,450
Expenses        
Net losses and loss expenses 560,387 552,064 1,652,868 1,662,097
Acquisition costs 182,744 185,950 537,549 549,848
General and administrative expenses 144,727 152,916 456,451 456,725
Foreign exchange gains (28,088) (72,292) (69,200) (58,353)
Interest expense and financing costs 12,918 20,344 38,114 56,913
Reorganization and related expenses 45,867 0 45,867 0
Total expenses 918,555 838,982 2,661,649 2,667,230
Income before income taxes 257,672 278,868 497,993 643,220
Income tax expense (benefit) 30 (4,098) 1,155 9,527
Net income 257,642 282,966 496,838 633,693
Amounts attributable from noncontrolling interests 0 (6,160) 0 (3,365)
Net income attributable to AXIS Capital 257,642 289,126 496,838 637,058
Preferred share dividends 10,022 10,022 30,066 30,066
Net income available to common shareholders $ 247,620 $ 279,104 $ 466,772 $ 606,992
Net income per common share:        
Basic net income $ 2.52 $ 2.71 $ 4.69 $ 5.74
Diluted net income $ 2.50 $ 2.68 $ 4.65 $ 5.68
Weighted average number of common shares outstanding - basic 98,226 102,945 99,464 105,683
Weighted average number of common shares outstanding - diluted 99,124 104,247 100,468 106,953
Cash dividends declared per common share $ 0.29 $ 0.27 $ 0.87 $ 0.81