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CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Revenues        
Net premiums earned $ 1,284,866 $ 1,211,427 $ 3,820,163 $ 3,472,090
Net investment income 88,177 107,339 271,744 326,174
Other insurance related income 1,092 7,665 9,998 16,262
Net investment gains (losses):        
Allowance for expected credit losses (3,210) (315) (10,191) (76)
Impairment losses (6,491) (22) (7,074) (22)
Other realized and unrealized investment gains (losses) (136,757) 11,269 (396,966) 113,966
Total net investment gains (losses) (146,458) 10,932 (414,231) 113,868
Total revenues 1,227,677 1,337,363 3,687,674 3,928,394
Expenses        
Net losses and loss expenses 941,911 911,369 2,444,196 2,292,559
Acquisition costs 240,511 231,712 746,443 669,654
General and administrative expenses 158,245 157,960 492,872 478,820
Foreign exchange gains (135,660) (28,032) (236,934) (4,316)
Interest expense and financing costs 15,915 15,954 46,720 46,759
Reorganization expenses 6,213 0 21,941 0
Amortization of value of business acquired 0 1,028 0 3,083
Amortization of intangible assets 2,729 3,149 8,188 9,163
Total expenses 1,229,864 1,293,140 3,523,426 3,495,722
Income (loss) before income taxes and interest in income (loss) of equity method investments (2,187) 44,223 164,248 432,672
Income tax (expense) benefit 363 (1,186) 5,304 (49,827)
Interest in income (loss) of equity method investments (7,560) 11,911 5,040 30,871
Net income (loss) (9,384) 54,948 174,592 413,716
Preferred share dividends 7,563 7,563 22,688 22,688
Net income (loss) available (attributable) to common shareholders $ (16,947) $ 47,385 $ 151,904 $ 391,028
Earnings (loss) per common share:        
Earnings (loss) per common share (in usd per share) $ (0.20) $ 0.56 $ 1.79 $ 4.62
Earnings(loss) per diluted common share (in usd per share) $ (0.20) $ 0.56 $ 1.77 $ 4.59
Weighted average common shares outstanding (in shares) 84,660 84,771 84,930 84,684
Weighted average diluted common shares outstanding (in shares) 84,660 85,336 85,674 85,191