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SEGMENT INFORMATION (Tables)

6 Months Ended

Jun. 30, 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 June 30,			Insurance						Reinsurance						Total						Insurance						Reinsurance						Total
			Gross premiums written			$	1,469,622					$	643,861					$	2,113,483					$	1,268,472					$	672,714					$	1,941,186
			Net premiums written			869,419						447,428						1,316,847						712,885						490,973						1,203,858
			Net premiums earned			768,724						508,328						1,277,052						631,675						525,266						1,156,941
			Other insurance related income			237						1,976						2,213						552						5,265						5,817
			Net losses and loss expenses			(421,836)						(347,751)						(769,587)						(332,175)						(334,298)						(666,473)
			Acquisition costs			(144,732)						(112,850)						(257,582)						(106,963)						(112,107)						(219,070)
			Underwriting-related general and administrative expenses			(108,577)						(26,826)						(135,403)						(99,569)						(29,392)						(128,961)
			Underwriting income			$	93,816					$	22,877					116,693						$	93,520					$	54,734					148,254
			Net investment income															92,214																		104,672
			Net investment gains (losses)															(173,263)																		73,293
			Corporate expenses															(30,183)																		(33,491)
			Foreign exchange (losses) gains															57,000																		(19,602)
			Interest expense and financing costs															(15,241)																		(15,235)
			Reorganization expenses															(15,728)																		—
			Amortization of value of business acquired															—																		(1,028)
			Amortization of intangible assets															(2,729)																		(3,324)
			Income before income taxes and interest in income of equity method investments															28,763																		253,539
			Income tax (expense) benefit															4,965																		(27,865)
			Interest in income of equity method investments															1,050																		9,799
			Net income															34,778																		235,473
			Preferred share dividends															7,563																		7,563
			Net income available to common shareholders															$	27,215																	$	227,910
			Net losses and loss expenses ratio			54.9		%				68.4		%				60.3		%				52.6		%				63.6		%				57.6		%
			Acquisition cost ratio			18.8		%				22.2		%				20.2		%				16.9		%				21.3		%				18.9		%
			General and administrative expense ratio			14.1		%				5.3		%				12.9		%				15.8		%				5.7		%				14.1		%
			Combined ratio			87.8		%				95.9		%				93.4		%				85.3		%				90.6		%				90.6		%
			Goodwill and intangible assets			$	304,060					$	—					$	304,060					$	315,087					$	—					$	315,087

						2022																		2021
			Six months ended and at June 30,			Insurance						Reinsurance						Total						Insurance						Reinsurance						Total
			Gross premiums written			$	2,796,886					$	1,951,205					$	4,748,091					$	2,371,670					$	2,104,997					$	4,476,667
			Net premiums written			1,713,332						1,416,387						3,129,719						1,420,699						1,562,045						2,982,744
			Net premiums earned			1,521,539						1,013,758						2,535,297						1,247,962						1,012,701						2,260,663
			Other insurance related income			319						8,587						8,906						967						7,631						8,598
			Net losses and loss expenses			(827,579)						(674,706)						(1,502,285)						(689,072)						(692,118)						(1,381,190)
			Acquisition costs			(283,543)						(222,389)						(505,932)						(224,642)						(213,299)						(437,941)
			Underwriting-related general and administrative expenses			(222,527)						(57,972)						(280,499)						(202,872)						(58,757)						(261,629)
			Underwriting income			$	188,209					$	67,278					255,487						$	132,343					$	56,158					188,501
			Net investment income															183,569																		218,836
			Net investment gains (losses)															(267,771)																		102,936
			Corporate expenses															(54,128)																		(59,231)
			Foreign exchange (losses) gains															101,274																		(23,716)
			Interest expense and financing costs															(30,805)																		(30,806)
			Reorganization expenses															(15,728)																		—
			Amortization of value of business acquired															—																		(2,056)
			Amortization of intangible assets															(5,458)																		(6,013)
			Income before income taxes and interest in income of equity method investments															166,440																		388,451
			Income tax expense															4,942																		(48,641)
			Interest in income of equity method investments															12,600																		18,960
			Net income															183,982																		358,770
			Preferred share dividends															15,125																		15,125
			Net income available to common shareholders															$	168,857																	$	343,645
			Net losses and loss expenses ratio			54.4		%				66.6		%				59.3		%				55.2		%				68.3		%				61.1		%
			Acquisition cost ratio			18.6		%				21.9		%				20.0		%				18.0		%				21.1		%				19.4		%
			General and administrative expense ratio			14.7		%				5.7		%				13.1		%				16.3		%				5.8		%				14.2		%
			Combined ratio			87.7		%				94.2		%				92.4		%				89.5		%				95.2		%				94.7		%
			Goodwill and intangible assets			$	304,060					$	—					$	304,060					$	315,087					$	—					$	315,087

X

- 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 https://asc.fasb.org/extlink&oid=126901519&loc=d3e8736-108599

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8813-108599

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-URI https://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 https://asc.fasb.org/extlink&oid=126901519&loc=d3e8906-108599

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