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CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Revenues    
Net premiums earned $ 1,134,212 $ 1,167,402
Net investment income 107,303 100,999
Other insurance related income 6,929 6,606
Net investment gains (losses):    
Other-than-temporary impairment (OTTI) losses (4,036) (414)
Other realized and unrealized investment gains (losses) 16,803 (14,416)
Total net investment gains (losses) 12,767 (14,830)
Total revenues 1,261,211 1,260,177
Expenses    
Net losses and loss expenses 664,028 661,345
Acquisition costs 260,418 229,260
General and administrative expenses 175,091 169,837
Foreign exchange losses 7,056 37,860
Interest expense and financing costs 15,895 16,763
Transaction and reorganization expenses 14,820 13,054
Amortization of value of business acquired 13,104 57,110
Amortization of intangible assets 3,003 2,782
Total expenses 1,153,415 1,188,011
Income before income taxes and interest in income of equity method investments 107,796 72,166
Income tax (expense) benefit (1,234) 1,036
Interest in income of equity method investments 2,219 0
Net income 108,781 73,202
Preferred share dividends 10,656 10,656
Net income available to common shareholders $ 98,125 $ 62,546
Earnings per common share:    
Earnings per common share (in usd per share) $ 1.17 $ 0.75
Earnings per diluted common share (in usd per share) $ 1.16 $ 0.75
Weighted average number of common shares outstanding - basic (in shares) 83,725 83,322
Weighted average number of common shares outstanding - diluted (in shares) 84,272 83,721