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UNAUDITED CONDENSED QUARTERLY FINANCIAL DATA (Tables) | 12 Months Ended
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Dec. 31, 2018
Quarterly Financial Information Disclosure [Abstract] |
UNAUDITED SUMMARY OF QUARTERLY FINANCIAL RESULTS | An unaudited summary of quarterly financial results is shown in the following table:
| Quarters ended | Mar 31 |  | Jun 30 |  | Sep 30 |  | Dec 31 |
| 2018 |  |  |  |  |  |  |  |
| Net premiums earned | $ | 1,167,402 |  |  | $ | 1,185,548 |  |  | $ | 1,224,075 |  |  | $ | 1,214,469 |  |
| Net investment income | 100,999 |  |  | 109,960 |  |  | 114,421 |  |  | 113,128 |  |
| Net investment losses | (14,830 | ) |  | (45,093 | ) |  | (17,628 | ) |  | (72,667 | ) |
| Underwriting income (loss) | 143,737 |  |  | 115,726 |  |  | 59,026 |  |  | (194,664 | ) |
| Net income (loss) available (attributable) to common shareholders | 62,546 |  |  | 92,858 |  |  | 43,439 |  |  | (198,448 | ) |
| Earnings (loss) per common share | $ | 0.75 |  |  | $ | 1.11 |  |  | $ | 0.52 |  |  | $ | (2.37 | ) |
| Earnings (loss) per diluted common share | $ | 0.75 |  |  | $ | 1.11 |  |  | $ | 0.52 |  |  | $ | (2.37 | ) |
| 2017 |  |  |  |  |  |  |  |
| Net premiums earned | $ | 938,703 |  |  | $ | 981,431 |  |  | $ | 1,017,131 |  |  | $ | 1,211,495 |  |
| Net investment income | 98,664 |  |  | 106,063 |  |  | 95,169 |  |  | 100,908 |  |
| Net investment gains (losses) | (25,050 | ) |  | (4,392 | ) |  | 14,632 |  |  | 43,038 |  |
| Underwriting income (loss) | 16,385 |  |  | 57,012 |  |  | (512,853 | ) |  | 26,130 |  |
| Net income (loss) available (attributable) to common shareholders | 5,014 |  |  | 85,030 |  |  | (467,740 | ) |  | (38,081 | ) |
| Earnings (loss) per common share | $ | 0.06 |  |  | $ | 1.01 |  |  | $ | (5.61 | ) |  | $ | (0.46 | ) |
| Earnings (loss) per diluted common share | $ | 0.06 |  |  | $ | 1.01 |  |  | $ | (5.61 | ) |  | $ | (0.46 | ) |
(1) | During the three months ended March 31, June 30, September 30 and December 31, 2018, the Company recognized transaction and reorganization expenses of $13 million, $19 million, $16 million and $19 million, respectively, related to its transformation program which was launched in 2017. This program encompasses the integration of Novae which commenced in the fourth quarter of 2017, the realignment of the accident and health business, together with other initiatives designed to increase the Company's efficiency and enhance the Company's profitability while delivering a customer-centric operating model. During the three months ended September 30 and December 31, 2017, the Company recognized transaction and reorganization expenses of $6 million and $21 million, respectively.
(2) | During the three months ended March 31, June 30, September 30 and December 31, 2018, the Company recognized amortization of VOBA of $57 million, $53 million, $39 million, $23 million, respectively, related to the acquisition of Novae. During the three months ended December 31, 2017, the Company recognized amortization of VOBA of $50 million. Refer to Item 8, Note 3 and Note 5 to the Consolidated Financial Statements 'Business Combinations' and 'Goodwill and Intangible Assets' for further details.
(3) | During the three months ended December 31, 2017, the Company recognized tax expense of $42 million due to the revaluation of net deferred tax asset pursuant to the U.S. Tax Reform. Refer to Item 8, Note 18 to the Consolidated Financial Statements 'Income Taxes' for further details.

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- Definition Tabular disclosure of quarterly financial data. Includes, but is not limited to, financial information for fiscal quarters, cumulative effect of a change in accounting principle and earnings per share data. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=109225645&loc=d3e1280-108306 + Details
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