Consolidated Statements Income (Unaudited) - USD ($) $ in Thousands |
3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jun. 30, 2026 |
Jun. 30, 2025 |
Jun. 30, 2026 |
Jun. 30, 2025 |
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| REVENUES: | ||||
| Net premiums written | $ 3,430,234 | $ 3,351,439 | $ 6,604,580 | $ 6,484,742 |
| Change in net unearned premiums | (242,845) | (253,254) | (302,019) | (374,176) |
| Net premiums earned | 3,187,389 | 3,098,185 | 6,302,561 | 6,110,566 |
| Net investment income | 418,714 | 379,303 | 823,048 | 739,595 |
| Net realized and unrealized (losses) gains on investments | (55,131) | 30,533 | (70,760) | 46,244 |
| Change in allowance for expected credit losses on investments | (59) | 440 | (205) | 1,084 |
| Net investment (losses) gains | (55,190) | 30,973 | (70,965) | 47,328 |
| Revenues from non-insurance businesses | 134,427 | 128,839 | 290,978 | 257,748 |
| Insurance service fees | 30,620 | 32,757 | 58,849 | 61,686 |
| Other income | 159 | 751 | 1,982 | 1,284 |
| Total revenues | 3,716,119 | 3,670,808 | 7,406,453 | 7,218,207 |
| OPERATING COSTS AND EXPENSES: | ||||
| Losses and loss expenses | 1,960,532 | 1,955,424 | 3,896,556 | 3,856,216 |
| Other operating costs and expenses | 1,025,920 | 1,039,307 | 1,996,579 | 1,989,217 |
| Expenses from non-insurance businesses | 122,741 | 122,437 | 258,583 | 248,801 |
| Interest expense | 31,728 | 31,777 | 63,438 | 63,504 |
| Total | 3,140,921 | 3,148,945 | 6,215,156 | 6,157,738 |
| Income before income taxes | 575,198 | 521,863 | 1,191,297 | 1,060,469 |
| Income tax expense | (122,892) | (121,155) | (223,416) | (242,411) |
| Net income before noncontrolling interests | 452,306 | 400,708 | 967,881 | 818,058 |
| Noncontrolling interests | (45) | 580 | (403) | 802 |
| Net Income (Loss) to Common Stockholders | $ 452,261 | $ 401,288 | $ 967,478 | $ 818,860 |
| NET INCOME PER SHARE: | ||||
| Basic (in dollar per share) | $ 1.16 | $ 1.01 | $ 2.48 | $ 2.06 |
| Diluted (in dollar per share) | $ 1.15 | $ 1.00 | $ 2.46 | $ 2.05 |
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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 of realized and unrealized gain (loss) on investment. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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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, after premiums ceded to other entities and premiums assumed by the entity, of decrease (increase) in unearned premiums. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Income from agency and brokerage operations (includes sales of annuities and supplemental contracts); service charges, commissions, and fees from the sale of insurance and related services; and management fees from separate accounts, deferred annuities, and universal life products. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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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 Amount of realized gain (loss) on investment in marketable security. No definition available.
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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 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 Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Excludes Selling, General and Administrative Expense. No definition available.
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- References No definition available.
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- Definition The total amount of other operating cost and expense items that are associated with the entity's normal revenue producing operation. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of revenue and income classified as other. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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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/2003/role/exampleRef
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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/exampleRef
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- Definition Amount, after premiums ceded to other entities and premiums assumed by the entity, of premiums written. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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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/disclosureRef
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- References No definition available.
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- Definition Expenses from wholly-owned investees. No definition available.
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- Definition Investments, Allowance for Credit Loss, Period Increase (Decrease) No definition available.
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- Definition Revenues from wholly-owned investees. No definition available.
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