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CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Revenues    
Net premiums earned $ 1,258,041 $ 1,230,199
Net investment income 167,383 133,771
Other insurance related income 8,340 577
Net investment gains (losses):    
(Increase) decrease in allowance for expected credit losses 4,664 (2,811)
Impairment losses (8) 0
Other realized and unrealized investment gains (losses) (13,863) (17,379)
Total net investment gains (losses) (9,207) (20,190)
Total revenues 1,424,557 1,344,357
Expenses    
Net losses and loss expenses 728,671 720,642
Acquisition costs 254,254 230,373
General and administrative expenses 163,373 166,811
Foreign exchange losses (gains) (23,552) 8,710
Interest expense and financing costs 17,147 16,894
Reorganization expenses 12,299 0
Amortization of intangible assets 2,729 2,729
Total expenses 1,154,921 1,146,159
Income before income taxes and interest in income (loss) of equity method investments 269,636 198,198
Income tax (expense) benefit 124,654 (15,896)
Interest in income (loss) of equity method investments 1,169 (2,205)
Net income 395,459 180,097
Preferred share dividends 7,563 7,563
Net income available to common shareholders $ 387,896 $ 172,534
Earnings per common share:    
Earnings per common share (in usd per share) $ 4.57 $ 2.03
Earnings per diluted common share (in usd per share) $ 4.53 $ 2.01
Weighted average common shares outstanding (in shares) 84,879 84,864
Weighted average diluted common shares outstanding (in shares) 85,693 85,853