v3.25.1
Consolidated Statements Of Income And Comprehensive Income - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
OPERATING REVENUES    
Earned premiums $ 2,089,374 $ 2,127,627
Net investment income 237,095 218,269
Net investment gains (losses) (149,071) 902,281
Products revenues 561,124 600,840
Services and other revenues 660,583 617,638
Total Operating Revenues 3,399,105 4,466,655
OPERATING EXPENSES    
Losses and loss adjustment expenses 1,254,665 1,287,747
Underwriting, acquisition and insurance expenses 747,438 738,752
Products expenses 499,908 523,247
Services and other expenses 567,628 536,838
Amortization of acquired intangible assets 46,942 44,285
Total Operating Expenses 3,116,581 3,130,869
Operating Income 282,524 1,335,786
Interest expense (52,140) (45,548)
Foreign exchange gains (losses) (72,633) 51,500
Income Before Income Taxes 157,751 1,341,738
Income tax expense (28,404) (292,556)
Net Income 129,347 1,049,182
Net income attributable to noncontrolling interests (7,633) (23,998)
Net Income to Shareholders 121,714 1,025,184
Preferred stock dividends 0 0
Net Income to Common Shareholders 121,714 1,025,184
OTHER COMPREHENSIVE INCOME (LOSS)    
Net holding gains (losses) arising during the period 216,206 (128,425)
Reclassification adjustments for net losses in net income 2,171 5,723
Change in net unrealized losses on available-for-sale investments, net of taxes 218,377 (122,702)
Change in discount rate for life and annuity benefits, net of taxes 7,378 6,418
Change in foreign currency translation adjustments, net of taxes 155 (475)
Change in net actuarial pension loss, net of taxes 19 20
Total Other Comprehensive Income (Loss) 225,929 (116,739)
Comprehensive Income 355,276 932,443
Comprehensive income attributable to noncontrolling interests (7,606) (24,058)
Comprehensive Income to Shareholders $ 347,670 $ 908,385
NET INCOME PER COMMON SHARE    
Basic $ 12.11 $ 75.56
Diluted $ 12.08 $ 75.43