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CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Revenues    
Net premiums earned $ 1,258,246 $ 1,103,722
Net investment income 91,355 114,165
Other insurance related income 6,693 2,781
Net investment gains (losses):    
Allowance for expected credit losses (70) 89
Impairment losses (109) 0
Other realized and unrealized investment gains (losses) (94,329) 29,556
Total net investment gains (losses) (94,508) 29,645
Total revenues 1,261,786 1,250,313
Expenses    
Net losses and loss expenses 732,699 714,718
Acquisition costs 248,352 218,871
General and administrative expenses 169,041 158,408
Foreign exchange losses (gains) (44,273) 4,113
Interest expense and financing costs 15,564 15,571
Amortization of value of business acquired 0 1,028
Amortization of intangible assets 2,729 2,690
Total expenses 1,124,112 1,115,399
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
Earnings per common share:    
Earnings per common share (in usd per share) $ 1.67 $ 1.37
Earnings per diluted common share (in usd per share) $ 1.65 $ 1.36
Weighted average common shares outstanding (in shares) 84,961 84,514
Weighted average diluted common shares outstanding (in shares) 85,808 84,965