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SEGMENT INFORMATION (Tables)

6 Months Ended

Jun. 30, 2024

Segment Reporting [Abstract]

Summary of 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:

						2024																		2023
			Three months ended and at June 30,			Insurance						Reinsurance						Total						Insurance						Reinsurance						Total
			Gross premiums written			$	1,814,066					$	626,170					$	2,440,236					$	1,684,150					$	600,228					$	2,284,378
			Net premiums written			1,194,197						379,547						1,573,744						1,021,021						425,336						1,446,357
			Net premiums earned			958,212						346,266						1,304,478						842,751						422,994						1,265,745
			Other insurance related income (loss)			(61)						8,587						8,526						58						5,466						5,524
			Net losses and loss expenses			(542,591)						(223,397)						(765,988)						(457,650)						(278,607)						(736,257)
			Acquisition costs			(188,026)						(77,065)						(265,091)						(156,972)						(96,293)						(253,265)
			Underwriting-related general and administrative expenses			(111,894)						(8,874)						(120,768)						(113,534)						(19,721)						(133,255)
			Underwriting income			$	115,640					$	45,517					161,157						$	114,653					$	33,839					148,492
			Net investment income															190,975																		136,829
			Net investment gains (losses)															(53,479)																		(24,370)
			Corporate expenses															(27,673)																		(35,248)
			Foreign exchange (losses) gains															7,384																		(30,104)
			Interest expense and financing costs															(17,010)																		(16,738)
			Reorganization expenses															(14,014)																		—
			Amortization of intangible assets															(2,729)																		(2,729)
			Income before income taxes and interest in income of equity method investments															244,611																		176,132
			Income tax (expense) benefit															(40,547)																		(27,558)
			Interest in income of equity method investments															7,900																		2,100
			Net income															211,964																		150,674
			Preferred share dividends															7,563																		7,563
			Net income available to common shareholders															$	204,401																	$	143,111
			Net losses and loss expenses ratio			56.6		%				64.5		%				58.7		%				54.3		%				65.9		%				58.2		%
			Acquisition cost ratio			19.6		%				22.3		%				20.3		%				18.6		%				22.8		%				20.0		%
			General and administrative expense ratio			11.7		%				2.5		%				11.4		%				13.5		%				4.6		%				13.3		%
			Combined ratio			87.9		%				89.3		%				90.4		%				86.4		%				93.3		%				91.5		%
			Goodwill and intangible assets			$	282,227					$	—					$	282,227					$	293,143					$	—					$	293,143

						2024																		2023
			Six months ended and at June 30,			Insurance						Reinsurance						Total						Insurance						Reinsurance						Total
			Gross premiums written			$	3,388,571					$	1,706,092					$	5,094,663					$	3,099,762					$	1,566,592					$	4,666,354
			Net premiums written			2,216,551						1,079,266						3,295,817						1,903,597						1,151,116						3,054,713
			Net premiums earned			1,876,159						686,360						2,562,519						1,659,206						836,738						2,495,944
			Other insurance related income (loss)			(39)						16,906						16,867						112						5,988						6,100
			Net losses and loss expenses			(1,039,455)						(455,204)						(1,494,659)						(907,117)						(549,782)						(1,456,899)
			Acquisition costs			(364,055)						(155,290)						(519,345)						(304,030)						(179,608)						(483,638)
			Underwriting-related general and administrative expenses			(233,981)						(24,580)						(258,561)						(230,164)						(43,486)						(273,650)
			Underwriting income			$	238,629					$	68,192					306,821						$	218,007					$	69,850					287,857
			Net investment income															358,358																		270,601
			Net investment gains (losses)															(62,687)																		(44,558)
			Corporate expenses															(53,252)																		(61,664)
			Foreign exchange (losses) gains															30,936																		(38,814)
			Interest expense and financing costs															(34,157)																		(33,632)
			Reorganization expenses															(26,312)																		—
			Amortization of intangible assets															(5,458)																		(5,458)
			Income before income taxes and interest in income (loss) of equity method investments															514,249																		374,332
			Income tax (expense) benefit															84,107																		(43,454)
			Interest in income (loss) of equity method investments															9,069																		(105)
			Net income															607,425																		330,773
			Preferred share dividends															15,125																		15,125
			Net income available to common shareholders															$	592,300																	$	315,648
			Net losses and loss expenses ratio			55.4		%				66.3		%				58.3		%				54.7		%				65.7		%				58.4		%
			Acquisition cost ratio			19.4		%				22.6		%				20.3		%				18.3		%				21.5		%				19.4		%
			General and administrative expense ratio			12.5		%				3.6		%				12.2		%				13.9		%				5.2		%				13.4		%
			Combined ratio			87.3		%				92.5		%				90.8		%				86.9		%				92.4		%				91.2		%
			Goodwill and intangible assets			$	282,227					$	—					$	282,227					$	293,143					$	—					$	293,143

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
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-25

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-22

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-30

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- References

No definition available.

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