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SEGMENT INFORMATION (Tables)

3 Months Ended

Mar. 31, 2022

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:

						2022																		2021
			Three months ended and at March 31,			Insurance						Reinsurance						Total						Insurance						Reinsurance						Total
			Gross premiums written			$	1,327,264					$	1,307,344					$	2,634,608					$	1,103,198					$	1,432,283					$	2,535,481
			Net premiums written			843,912						968,960						1,812,872						707,814						1,071,072						1,778,886
			Net premiums earned			752,816						505,430						1,258,246						616,286						487,436						1,103,722
			Other insurance related income			82						6,611						6,693						415						2,366						2,781
			Net losses and loss expenses			(405,745)						(326,954)						(732,699)						(356,898)						(357,820)						(714,718)
			Acquisition costs			(138,812)						(109,540)						(248,352)						(117,679)						(101,192)						(218,871)
			Underwriting-related general and administrative expenses			(113,950)						(31,146)						(145,096)						(103,303)						(29,365)						(132,668)
			Underwriting income			$	94,391					$	44,401					138,792						$	38,821					$	1,425					40,246
			Net investment income															91,355																		114,165
			Net investment gains (losses)															(94,508)																		29,645
			Corporate expenses															(23,945)																		(25,740)
			Foreign exchange (losses) gains															44,273																		(4,113)
			Interest expense and financing costs															(15,564)																		(15,571)
			Amortization of value of business acquired															—																		(1,028)
			Amortization of intangible assets															(2,729)																		(2,690)
			Income before income taxes and interest in income of equity method investments															137,674																		134,914
			Income tax expense															(24)																		(20,776)
			Interest in income of equity method investments															11,550																		9,162
			Net income															149,200																		123,300
			Preferred share dividends															7,563																		7,563
			Net income available to common shareholders															$	141,637																	$	115,737
			Net losses and loss expenses ratio			53.9		%				64.7		%				58.2		%				57.9		%				73.4		%				64.8		%
			Acquisition cost ratio			18.4		%				21.7		%				19.7		%				19.1		%				20.8		%				19.8		%
			General and administrative expense ratio			15.2		%				6.1		%				13.5		%				16.8		%				6.0		%				14.3		%
			Combined ratio			87.5		%				92.5		%				91.4		%				93.8		%				100.2		%				98.9		%
			Goodwill and intangible assets			$	306,789					$	—					$	306,789					$	317,705					$	—					$	317,705

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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=123359005&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=123359005&loc=d3e8813-108599

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
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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
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8906-108599

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