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CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Revenues        
Net premiums earned $ 1,185,548 $ 981,431 $ 2,352,950 $ 1,920,133
Net investment income 109,960 106,063 210,961 204,728
Other insurance related income (losses) 3,730 2,560 10,335 (1,222)
Bargain purchase gain 0 15,044 0 15,044
Net investment losses:        
Other-than-temporary impairment (OTTI) losses (1,674) (1,528) (2,088) (8,082)
Other realized and unrealized investment losses (43,419) (2,864) (57,835) (21,361)
Total net investment losses (45,093) (4,392) (59,923) (29,443)
Total revenues 1,254,145 1,100,706 2,514,323 2,109,240
Expenses        
Net losses and loss expenses 706,641 605,332 1,367,986 1,212,273
Acquisition costs 231,952 204,361 461,212 394,153
General and administrative expenses 165,213 147,816 335,049 309,075
Foreign exchange losses (gains) (44,099) 36,118 (6,239) 57,583
Interest expense and financing costs 17,098 12,751 33,861 25,543
Reorganization expenses 18,772 0 31,825 0
Amortization of value of business acquired 53,407 0 110,517 0
Amortization of intangible assets 4,029 0 6,811 0
Total expenses 1,153,013 1,006,378 2,341,022 1,998,627
Income before income taxes and interest in income (loss) of equity method investments 101,132 94,328 173,301 110,613
Income tax (expense) benefit (996) 3,333 40 12,670
Interest in income (loss) of equity method investments 3,378 (1,975) 3,378 (7,741)
Net income 103,514 95,686 176,719 115,542
Preferred share dividends 10,656 10,656 21,313 25,497
Net income available to common shareholders $ 92,858 $ 85,030 $ 155,406 $ 90,045
Net income per common share:        
Basic net income (in usd per share) $ 1.11 $ 1.01 $ 1.86 $ 1.06
Diluted net income (in usd per share) $ 1.11 $ 1.01 $ 1.85 $ 1.05
Weighted average number of common shares outstanding - basic (in shares) 83,539 84,141 83,431 85,076
Weighted average number of common shares outstanding - diluted (in shares) 83,984 84,511 83,853 85,647
Cash dividends declared per common share (in usd per share) $ 0.39 $ 0.38 $ 0.78 $ 0.76