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SEGMENT INFORMATION (Tables)

3 Months Ended

Mar. 31, 2021

Segment Reporting [Abstract]

UNDERWRITING RESULTS OF REPORTABLE SEGMENTS

The following tables present the underwriting results of the Company's reportable segments, as well as the carrying amounts of allocated goodwill and intangible assets:

						2021																		2020
			Three months ended and at March 31,			Insurance						Reinsurance						Total						Insurance						Reinsurance						Total
			Gross premiums written			$	1,103,198					$	1,432,283					$	2,535,481					$	940,715					$	1,490,443					$	2,431,158
			Net premiums written			707,814						1,071,072						1,778,886						581,650						1,097,394						1,679,044
			Net premiums earned			616,286						487,436						1,103,722						562,064						526,561						1,088,625
			Other insurance related income (loss)			415						2,366						2,781						647						(9,354)						(8,707)
			Net losses and loss expenses			(356,898)						(357,820)						(714,718)						(471,812)						(436,261)						(908,073)
			Acquisition costs			(117,679)						(101,192)						(218,871)						(112,751)						(125,899)						(238,650)
			Underwriting-related general and administrative expenses			(103,303)						(29,365)						(132,668)						(100,778)						(29,184)						(129,962)
			Underwriting income (loss)			$	38,821					$	1,425					40,246						$	(122,630)					$	(74,137)					(196,767)
			Net investment income															114,165																		93,101
			Net investment gains (losses)															29,645																		(62,877)
			Corporate expenses															(25,740)																		(27,098)
			Foreign exchange (losses) gains															(4,113)																		61,683
			Interest expense and financing costs															(15,571)																		(23,472)
			Reorganization expenses															—																		982
			Amortization of value of business acquired															(1,028)																		(1,799)
			Amortization of intangible assets															(2,690)																		(2,870)
			Income (loss) before income taxes and interest in income (loss) of equity method investments															$	134,914																	$	(159,117)
			Net losses and loss expenses ratio			57.9		%				73.4		%				64.8		%				83.9		%				82.9		%				83.4		%
			Acquisition cost ratio			19.1		%				20.8		%				19.8		%				20.1		%				23.9		%				21.9		%
			General and administrative expense ratio			16.8		%				6.0		%				14.3		%				17.9		%				5.5		%				14.5		%
			Combined ratio			93.8		%				100.2		%				98.9		%				121.9		%				112.3		%				119.8		%
			Goodwill and intangible assets			$	317,705					$	—					$	317,705					$	329,824					$	—					$	329,824

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- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8736-108599

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
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-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8813-108599

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
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-URI http://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
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-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8906-108599

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