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CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Revenues    
Net premiums earned $ 1,167,402 $ 938,703
Net investment income 100,999 98,664
Other insurance related income (losses) 6,606 (3,783)
Net investment losses:    
Other-than-temporary impairment (OTTI) losses (414) (6,553)
Other realized and unrealized investment losses (14,416) (18,497)
Total net investment losses (14,830) (25,050)
Total revenues 1,260,177 1,008,534
Expenses    
Net losses and loss expenses 661,345 606,942
Acquisition costs 229,260 189,792
General and administrative expenses 169,837 161,260
Foreign exchange losses 37,860 21,465
Interest expense and financing costs 16,763 12,791
Reorganization expenses 13,054 0
Amortization of value of business acquired 57,110 0
Amortization of intangibles 2,782 0
Total expenses 1,188,011 992,250
Income before income taxes and interest in income (loss) of equity method investments 72,166 16,284
Income tax benefit 1,036 9,337
Interest in loss of equity method investments 0 (5,766)
Net income 73,202 19,855
Preferred share dividends 10,656 14,841
Net income available to common shareholders $ 62,546 $ 5,014
Net income per common share:    
Basic net income (in usd per share) $ 0.75 $ 0.06
Diluted net income (in usd per share) $ 0.75 $ 0.06
Weighted average number of common shares outstanding - basic (in shares) 83,322 86,022
Weighted average number of common shares outstanding - diluted (in shares) 83,721 86,793
Cash dividends declared per common share (in usd per share) $ 0.39 $ 0.38