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SEGMENT INFORMATION (Tables)

9 Months Ended

Sep. 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 September 30,			Insurance						Reinsurance						Total						Insurance						Reinsurance						Total
			Gross premiums written			$	1,526,676					$	409,226					$	1,935,902					$	1,457,624					$	448,254					$	1,905,878
			Net premiums written			975,911						260,074						1,235,985						885,252						90,105						975,357
			Net premiums earned			1,023,851						342,850						1,366,701						885,714						436,850						1,322,564
			Other insurance related income (loss)			93						6,745						6,838						(22)						10,366						10,344
			Net losses and loss expenses			(602,654)						(229,218)						(831,872)						(491,368)						(292,572)						(783,940)
			Acquisition costs			(203,255)						(71,680)						(274,935)						(169,384)						(94,005)						(263,389)
			Underwriting-related general and administrative expenses			(119,249)						(12,333)						(131,582)						(120,330)						(18,271)						(138,601)
			Underwriting income			$	98,786					$	36,364					135,150						$	104,610					$	42,368					146,978
			Net investment income															205,100																		154,201
			Net investment gains (losses)															32,182																		(53,114)
			Corporate expenses															(33,621)																		(40,682)
			Foreign exchange (losses) gains															(92,204)																		50,570
			Interest expense and financing costs															(16,849)																		(16,445)
			Reorganization expenses															—																		(28,997)
			Amortization of intangible assets															(2,729)																		(2,729)
			Income before income taxes and interest in income of equity method investments															227,029																		209,782
			Income tax (expense) benefit															(47,922)																		(24,624)
			Interest in income of equity method investments															1,621																		2,940
			Net income															180,728																		188,098
			Preferred share dividends															7,563																		7,563
			Net income available to common shareholders															$	173,165																	$	180,535
			Net losses and loss expenses ratio			58.9		%				66.9		%				60.9		%				55.5		%				67.0		%				59.3		%
			Acquisition cost ratio			19.9		%				20.9		%				20.1		%				19.1		%				21.5		%				19.9		%
			General and administrative expense ratio			11.6		%				3.6		%				12.1		%				13.6		%				4.2		%				13.5		%
			Combined ratio			90.4		%				91.4		%				93.1		%				88.2		%				92.7		%				92.7		%
			Goodwill and intangible assets			$	279,497					$	—					$	279,497					$	290,413					$	—					$	290,413

						2024																		2023
			Nine months ended and at September 30,			Insurance						Reinsurance						Total						Insurance						Reinsurance						Total
			Gross premiums written			$	4,915,247					$	2,115,317					$	7,030,564					$	4,557,386					$	2,014,846					$	6,572,232
			Net premiums written			3,192,462						1,339,340						4,531,802						2,788,849						1,241,221						4,030,070
			Net premiums earned			2,900,011						1,029,210						3,929,221						2,544,920						1,273,588						3,818,508
			Other insurance related income			53						23,651						23,704						90						16,354						16,444
			Net losses and loss expenses			(1,642,110)						(684,422)						(2,326,532)						(1,398,486)						(842,354)						(2,240,840)
			Acquisition costs			(567,310)						(226,970)						(794,280)						(473,413)						(273,614)						(747,027)
			Underwriting-related general and administrative expenses			(353,230)						(36,913)						(390,143)						(350,494)						(61,757)						(412,251)
			Underwriting income			$	337,414					$	104,556					441,970						$	322,617					$	112,217					434,834
			Net investment income															563,458																		424,802
			Net investment gains (losses)															(30,503)																		(97,671)
			Corporate expenses															(86,873)																		(102,345)
			Foreign exchange (losses) gains															(61,268)																		11,755
			Interest expense and financing costs															(51,005)																		(50,077)
			Reorganization expenses															(26,312)																		(28,997)
			Amortization of intangible assets															(8,188)																		(8,188)
			Income before income taxes and interest in income of equity method investments															741,279																		584,113
			Income tax (expense) benefit															36,185																		(68,078)
			Interest in income of equity method investments															10,689																		2,835
			Net income															788,153																		518,870
			Preferred share dividends															22,688																		22,688
			Net income available to common shareholders															$	765,465																	$	496,182
			Net losses and loss expenses ratio			56.6		%				66.5		%				59.2		%				55.0		%				66.1		%				58.7		%
			Acquisition cost ratio			19.6		%				22.1		%				20.2		%				18.6		%				21.5		%				19.6		%
			General and administrative expense ratio			12.2		%				3.5		%				12.2		%				13.7		%				4.9		%				13.4		%
			Combined ratio			88.4		%				92.1		%				91.6		%				87.3		%				92.5		%				91.7		%
			Goodwill and intangible assets			$	279,497					$	—					$	279,497					$	290,413					$	—					$	290,413

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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