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CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Revenues        
Net premiums earned $ 1,224,075 $ 1,017,131 $ 3,577,026 $ 2,937,265
Net investment income 114,421 95,169 325,380 299,899
Other insurance related income (losses) 8,475 (3,197) 18,811 (4,420)
Bargain purchase gain 0 0 0 15,044
Net investment gains (losses):        
Other-than-temporary impairment (OTTI) losses (5,546) (5,412) (7,634) (13,493)
Other realized and unrealized investment gains (losses) (12,082) 20,044 (69,917) (1,318)
Total net investment gains (losses) (17,628) 14,632 (77,551) (14,811)
Total revenues 1,329,343 1,123,735 3,843,666 3,232,977
Expenses        
Net losses and loss expenses 794,959 1,235,367 2,162,945 2,447,640
Acquisition costs 248,314 194,724 709,527 588,879
General and administrative expenses 154,894 124,629 489,944 433,704
Foreign exchange losses 8,305 32,510 2,066 90,093
Interest expense and financing costs 16,897 12,835 50,758 38,377
Transaction and reorganization expenses 16,300 5,970 48,125 5,970
Amortization of value of business acquired 39,018 0 149,535 0
Amortization of intangible assets 1,753 0 8,564 0
Total expenses 1,280,440 1,606,035 3,621,464 3,604,663
Income (loss) before income taxes and interest in income (loss) of equity method investments 48,903 (482,300) 222,202 (371,686)
Income tax benefit 3,525 25,877 3,565 38,547
Interest in income (loss) of equity method investments 1,667 (661) 5,045 (8,402)
Net income 54,095 (457,084) 230,812 (341,541)
Preferred share dividends 10,656 10,656 31,969 36,154
Net income (loss) available (attributable) to common shareholders $ 43,439 $ (467,740) $ 198,843 $ (377,695)
Net income (loss) per common share:        
Basic net income (loss) (in usd per share) $ 0.52 $ (5.61) $ 2.38 $ (4.47)
Diluted net income (loss) (in usd per share) $ 0.52 $ (5.61) $ 2.37 $ (4.47)
Weighted average number of common shares outstanding - basic (in shares) 83,558 83,305 83,474 84,479
Weighted average number of common shares outstanding - diluted (in shares) 84,107 83,305 83,939 84,479
Cash dividends declared per common share (in usd per share) $ 0.39 $ 0.38 $ 1.17 $ 1.14