Consolidated Statements Of Income And Comprehensive Income - USD ($) $ in Thousands |
3 Months Ended | 6 Months Ended | ||||
|---|---|---|---|---|---|---|
Jun. 30, 2024 |
Jun. 30, 2023 |
Jun. 30, 2024 |
Jun. 30, 2023 |
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| OPERATING REVENUES | ||||||
| Earned premiums | $ 2,077,099 | $ 2,031,143 | $ 4,204,726 | $ 3,998,847 | ||
| Net investment income | 223,061 | 169,693 | 441,330 | 329,028 | ||
| Net investment gains (losses) | (130,017) | 484,527 | 772,264 | 857,090 | ||
| Products revenues | 847,219 | 784,882 | 1,448,059 | 1,362,808 | ||
| Services and other revenues | 684,481 | 672,291 | 1,302,119 | 1,238,152 | ||
| Total Operating Revenues | 3,701,843 | 4,142,536 | 8,168,498 | 7,785,925 | | |
| OPERATING EXPENSES | ||||||
| Losses and loss adjustment expenses | 1,232,575 | 1,187,876 | 2,520,322 | 2,360,890 | ||
| Underwriting, acquisition and insurance expenses | 710,295 | 697,887 | 1,449,047 | 1,373,592 | ||
| Products expenses | 693,693 | 651,469 | 1,216,940 | 1,167,225 | ||
| Services and other expenses | 611,063 | 590,817 | 1,147,901 | 1,071,436 | ||
| Amortization of acquired intangible assets | 44,237 | 44,423 | 88,522 | 88,822 | ||
| Total Operating Expenses | 3,291,863 | 3,172,472 | 6,422,732 | 6,061,965 | | |
| Operating Income | 409,980 | 970,064 | 1,745,766 | 1,723,960 | | |
| Interest expense | (52,597) | (47,221) | (98,145) | (96,659) | | |
| Foreign exchange gains (losses) | 8,711 | (14,976) | 60,211 | (47,904) | | |
| Total Other Income Expenses | -43886.0 | -62197.0 | -37934.0 | -144563.0 | 0 | |
| Income Before Income Taxes | 366,094 | 907,867 | 1,707,832 | 1,579,397 | | |
| Income tax expense | (76,244) | (191,937) | (368,800) | (325,668) | | |
| Net Income | 289,850 | 715,930 | 1,339,032 | 1,253,729 | | |
| Net income attributable to noncontrolling interests | (22,149) | (20,419) | (46,147) | (69,566) | ||
| Net Income to Shareholders | 267,701 | 695,511 | 1,292,885 | 1,184,163 | ||
| Preferred stock dividends | (18,000) | (18,000) | (18,000) | (18,000) | ||
| Net Income to Common Shareholders | 249,701 | 677,511 | 1,274,885 | 1,166,163 | ||
| OTHER COMPREHENSIVE INCOME (LOSS) | ||||||
| Net holding gains (losses) arising during the period | (40,299) | (134,991) | (168,724) | 26,215 | ||
| Reclassification adjustments for net losses in net income | 11,429 | 405 | 17,152 | 3,399 | ||
| Change in net unrealized losses on available-for-sale investments, net of taxes | (28,870) | (134,586) | (151,572) | 29,614 | ||
| Change in discount rate for life and annuity benefits, net of taxes | 5,973 | 3,224 | 12,391 | (5,828) | ||
| Change in foreign currency translation adjustments, net of taxes | (455) | 361 | (930) | 2,940 | ||
| Change in net actuarial pension loss, net of taxes | 19 | 18 | 39 | 36 | ||
| Total Other Comprehensive Income (Loss) | (23,333) | (130,983) | (140,072) | 26,762 | ||
| Comprehensive Income | 266,517 | 584,947 | 1,198,960 | 1,280,491 | ||
| Comprehensive income attributable to noncontrolling interests | (22,161) | (20,398) | (46,219) | (69,577) | ||
| Comprehensive Income to Shareholders | $ 244,356 | $ 564,549 | $ 1,152,741 | $ 1,210,914 | ||
| NET INCOME PER COMMON SHARE | ||||||
| Basic | $ 18.66 | $ 50.20 | $ 94.40 | $ 87.50 | ||
| Diluted | $ 18.62 | $ 50.09 | $ 94.24 | $ 87.34 | ||
| X | ||||||||||
- Definition The net gains or losses on investments during the period, also including gains or losses on securities separately or otherwise categorized as trading, available-for-sale, or held-to-maturity. No definition available.
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- Definition Products Revenues No definition available.
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- Definition Products expenses No definition available.
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- Definition Reclassification adjustment from Other Comprehensive Income (Loss) to net income (loss), which includes net unrealized gains or losses to net realized gains or losses, which includes reclassifications due to write-downs, sales and other items, net of tax. No definition available.
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- Definition Services and other expenses No definition available.
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- Definition Services and other revenues No definition available.
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- Definition Costs incurred during the period related to selling the Company's products and services including the amortization of deferred policy acquisition costs charged to expense in the period, as well as other costs incurred during the period, such as those relating to general administration and policy maintenance. No definition available.
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- Definition The aggregate expense charged against earnings to allocate the cost of intangible assets (nonphysical assets not used in production) in a systematic and rational manner to the periods expected to benefit from such assets. As a noncash expense, this element is added back to net income when calculating cash provided by or used in operations using the indirect method. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income, attributable to parent entity. Excludes changes in equity resulting from investments by owners and distributions to owners. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income (loss) and other comprehensive income (loss), attributable to noncontrolling interests. Excludes changes in equity resulting from investments by owners and distributions to owners. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income. Excludes changes in equity resulting from investments by owners and distributions to owners. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Total costs of sales and operating expenses for the period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount, before tax, of realized gain (loss) from foreign currency transaction. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of interest expense classified as operating and nonoperating. Includes, but is not limited to, cost of borrowing accounted for as interest expense. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of Net Income (Loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount, after deduction of tax, noncontrolling interests, dividends on preferred stock and participating securities; of income (loss) available to common shareholders. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount, after investment expense, of income earned from investments in securities and real estate. Includes, but is not limited to, real estate investment, policy loans, dividends, and interest. Excludes realized gain (loss) on investments. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount, after tax and reclassification adjustment, of unrealized gain (loss) from (increase) decrease in liability for future policy benefit from change in discount rate. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition The net result for the period of deducting operating expenses from operating revenues. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount, after tax and adjustment, of unrealized gain (loss) on investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale) and unrealized gain (loss) on investment in debt security measured at amortized cost (held-to-maturity) from transfer to available-for-sale. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount after tax and reclassification adjustments of gain (loss) on foreign currency translation adjustments, foreign currency transactions designated and effective as economic hedges of a net investment in a foreign entity and intra-entity foreign currency transactions that are of a long-term-investment nature. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount after tax and reclassification adjustments of other comprehensive income (loss). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition Amount, after tax and reclassification adjustment, of (increase) decrease in accumulated other comprehensive income for defined benefit plan. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount, after tax and before adjustment, of unrealized holding gain (loss) on investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale). Excludes unrealized gain (loss) on investment in debt security measured at amortized cost (held-to-maturity) from transfer to available-for-sale. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount, after effects of policies assumed or ceded, of expense related to the provision for policy benefits and costs incurred. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition The amount of preferred stock dividends that is an adjustment to net income apportioned to common stockholders. No definition available.
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- Definition Amount, after premiums ceded to other entities and premiums assumed by the entity, of premiums earned. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss). Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- References No definition available.
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