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SEGMENT INFORMATION (Tables)

3 Months Ended

Mar. 31, 2023

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:

						2023																		2022
			Three months ended and at March 31,			Insurance						Reinsurance						Total						Insurance						Reinsurance						Total
			Gross premiums written			$	1,415,612					$	966,364					$	2,381,976					$	1,327,264					$	1,307,344					$	2,634,608
			Net premiums written			882,576						725,780						1,608,356						843,912						968,960						1,812,872
			Net premiums earned			816,456						413,743						1,230,199						752,816						505,430						1,258,246
			Other insurance related income			54						523						577						82						6,611						6,693
			Net losses and loss expenses			(449,467)						(271,175)						(720,642)						(405,745)						(326,954)						(732,699)
			Acquisition costs			(147,058)						(83,315)						(230,373)						(138,812)						(109,540)						(248,352)
			Underwriting-related general and administrative expenses			(116,630)						(23,765)						(140,395)						(113,950)						(31,146)						(145,096)
			Underwriting income			$	103,355					$	36,011					139,366						$	94,391					$	44,401					138,792
			Net investment income															133,771																		91,355
			Net investment losses															(20,190)																		(94,508)
			Corporate expenses															(26,416)																		(23,945)
			Foreign exchange (losses) gains															(8,710)																		44,273
			Interest expense and financing costs															(16,894)																		(15,564)
			Amortization of intangible assets															(2,729)																		(2,729)
			Income before income taxes and interest in income (loss) of equity method investments															198,198																		137,674
			Income tax expense															(15,896)																		(24)
			Interest in income (loss) of equity method investments															(2,205)																		11,550
			Net income															180,097																		149,200
			Preferred share dividends															7,563																		7,563
			Net income available to common shareholders															$	172,534																	$	141,637
			Net losses and loss expenses ratio			55.1		%				65.5		%				58.6		%				53.9		%				64.7		%				58.2		%
			Acquisition cost ratio			18.0		%				20.1		%				18.7		%				18.4		%				21.7		%				19.7		%
			General and administrative expense ratio			14.2		%				5.8		%				13.6		%				15.2		%				6.1		%				13.5		%
			Combined ratio			87.3		%				91.4		%				90.9		%				87.5		%				92.5		%				91.4		%
			Goodwill and intangible assets			$	295,872					$	—					$	295,872					$	306,789					$	—					$	306,789

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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 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
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-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
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-URI https://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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-Section 50
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-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8906-108599

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