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Consolidated Statements Of Income And Comprehensive Income - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
OPERATING REVENUES    
Earned premiums $ 2,127,627 $ 1,967,704
Net investment income 218,269 159,335
Net investment gains 902,281 372,563
Products revenues 600,840 577,926
Services and other revenues 617,638 565,861
Total Operating Revenues 4,466,655 3,643,389 Close
OPERATING EXPENSES    
Losses and loss adjustment expenses 1,287,747 1,173,014
Underwriting, acquisition and insurance expenses 738,752 675,705
Products expenses 523,247 515,756
Services and other expenses 536,838 480,619
Amortization of acquired intangible assets 44,285 44,399
Total Operating Expenses 3,130,869 2,889,493 Close
Operating Income 1,335,786 753,896 Close
Interest expense (45,548) (49,438) Close
Foreign exchange gains (losses) 51,500 (32,928) Close
Total Other Income Expenses 5952.0 -82366.0 0 0 0 Close
Income Before Income Taxes 1,341,738 671,530 CloseClose
Income tax expense (292,556) (133,731) Close
Net Income 1,049,182 537,799 Close
Net income attributable to noncontrolling interests (23,998) (49,147)
Net Income to Shareholders 1,025,184 488,652
Preferred stock dividends 0 0
Net Income to Common Shareholders 1,025,184 488,652
OTHER COMPREHENSIVE INCOME (LOSS)    
Net holding gains (losses) arising during the period (128,425) 161,206
Reclassification adjustments for net losses in net income 5,723 2,994
Change in net unrealized losses on available-for-sale investments, net of taxes (122,702) 164,200
Change in discount rate for life and annuity benefits, net of taxes 6,418 (9,052)
Change in foreign currency translation adjustments, net of taxes (475) 2,579
Change in net actuarial pension loss, net of taxes 20 18
Total Other Comprehensive Income (Loss) (116,739) 157,745
Comprehensive Income 932,443 695,544
Comprehensive income attributable to noncontrolling interests (24,058) (49,179)
Comprehensive Income to Shareholders $ 908,385 $ 646,365
NET INCOME PER COMMON SHARE    
Basic $ 75.56 $ 37.33
Diluted $ 75.43 $ 37.26