| Financial Information Of Company Operating Segments |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Revenues | | Expenses | | | | | | (In thousands) | Earned
Premiums (1) | | Investment
Income | | Other | | Total (2) | | Losses and Loss Expenses | | Policy Acquisition and Insurance Operating Expenses | | Other | | Total | | Pre-Tax Income (Loss) | | Net Income (Loss) to Common Stockholders | | Three months ended June 30, 2026 | | | | | | | | | | | | | | | | | | | | Insurance | $ | 2,826,030 | | | $ | 337,470 | | | $ | 10,218 | | | $ | 3,173,718 | | | $ | 1,782,776 | | | $ | 800,490 | | | $ | 11,880 | | | $ | 2,595,146 | | | $ | 578,572 | | | $ | 455,140 | | | Reinsurance & Monoline Excess | 361,359 | | | 70,757 | | | — | | | 432,116 | | | 177,756 | | | 108,854 | | | — | | | 286,610 | | | 145,506 | | | 114,049 | | | Corporate, other and eliminations (3) | — | | | 10,487 | | | 154,988 | | | 165,475 | | | — | | | — | | | 259,165 | | | 259,165 | | | (93,690) | | | (73,593) | | | Net investment losses | — | | | — | | | (55,190) | | | (55,190) | | | — | | | — | | | — | | | — | | | (55,190) | | | (43,335) | | | Total | $ | 3,187,389 | | | $ | 418,714 | | | $ | 110,016 | | | $ | 3,716,119 | | | $ | 1,960,532 | | | $ | 909,344 | | | $ | 271,045 | | | $ | 3,140,921 | | | $ | 575,198 | | | $ | 452,261 | | | Three months ended June 30, 2025 | | | | | | | | | | | | | | | | | | | | Insurance | $ | 2,728,784 | | | $ | 299,476 | | | $ | 10,154 | | | $ | 3,038,414 | | | $ | 1,742,235 | | | $ | 772,328 | | | $ | 11,179 | | | $ | 2,525,742 | | | $ | 512,672 | | | $ | 393,450 | | | Reinsurance & Monoline Excess | 369,401 | | | 80,858 | | | — | | | 450,259 | | | 213,189 | | | 109,771 | | | — | | | 322,960 | | | 127,299 | | | 100,040 | | | Corporate, other and eliminations (3) | — | | | (1,031) | | | 152,193 | | | 151,162 | | | — | | | — | | | 300,243 | | | 300,243 | | | (149,081) | | | (116,490) | | | Net investment gains | — | | | — | | | 30,973 | | | 30,973 | | | — | | | — | | | — | | | — | | | 30,973 | | | 24,288 | | | Total | $ | 3,098,185 | | | $ | 379,303 | | | $ | 193,320 | | | $ | 3,670,808 | | | $ | 1,955,424 | | | $ | 882,099 | | | $ | 311,422 | | | $ | 3,148,945 | | | $ | 521,863 | | | $ | 401,288 | | | Six months ended June 30, 2026 | | | | | | | | | | | | | | | | | | | Insurance | $ | 5,591,522 | | | $ | 648,712 | | | $ | 20,059 | | | $ | 6,260,293 | | | $ | 3,549,742 | | | $ | 1,583,909 | | | $ | 23,407 | | | $ | 5,157,058 | | | $ | 1,103,235 | | | $ | 888,607 | | | Reinsurance & Monoline Excess | 711,039 | | | 138,606 | | | — | | | 849,645 | | | 346,814 | | | 214,619 | | | — | | | 561,433 | | | 288,212 | | | 236,416 | | | Corporate, other and eliminations (3) | — | | | 35,730 | | | 331,750 | | | 367,480 | | | — | | | — | | | 496,665 | | | 496,665 | | | (129,185) | | | (101,817) | | | Net investment losses | — | | | — | | | (70,965) | | | (70,965) | | | — | | | — | | | — | | | — | | | (70,965) | | | (55,728) | | | Total | $ | 6,302,561 | | | $ | 823,048 | | | $ | 280,844 | | | $ | 7,406,453 | | | $ | 3,896,556 | | | $ | 1,798,528 | | | $ | 520,072 | | | $ | 6,215,156 | | | $ | 1,191,297 | | | $ | 967,478 | | | Six months ended June 30, 2025 | | | | | | | | | | | | | | | | | | | | Insurance | $ | 5,371,291 | | | $ | 590,724 | | | $ | 20,106 | | | $ | 5,982,121 | | | $ | 3,429,688 | | | $ | 1,507,989 | | | $ | 22,267 | | | $ | 4,959,944 | | | $ | 1,022,177 | | | $ | 786,572 | | | Reinsurance & Monoline Excess | 739,275 | | | 147,288 | | | — | | | 886,563 | | | 426,528 | | | 212,356 | | | — | | | 638,884 | | | 247,679 | | | 195,883 | | | Corporate, other and eliminations (3) | — | | | 1,583 | | | 300,612 | | | 302,195 | | | — | | | — | | | 558,910 | | | 558,910 | | | (256,715) | | | (200,710) | | | Net investment gains | — | | | — | | | 47,328 | | | 47,328 | | | — | | | — | | | — | | | — | | | 47,328 | | | 37,115 | | | Total | $ | 6,110,566 | | | $ | 739,595 | | | $ | 368,046 | | | $ | 7,218,207 | | | $ | 3,856,216 | | | $ | 1,720,345 | | | $ | 581,177 | | | $ | 6,157,738 | | | $ | 1,060,469 | | | $ | 818,860 | |
Identifiable Assets | | | | | | | | | | | | | | (In thousands) | June 30,
2026 | | December 31,
2025 | | | Insurance | $ | 37,259,095 | | | $ | 35,686,306 | | | | Reinsurance & Monoline Excess | 5,750,756 | | | 5,891,538 | | | | Corporate, other and eliminations (3) | 2,667,262 | | | 2,348,999 | | | | Consolidated | $ | 45,677,113 | | | $ | 43,926,843 | | |
_________________(1) Certain amounts included in earned premiums of each segment are related to inter-segment transactions. (2) Revenues for Insurance from foreign operations for the three months ended June 30, 2026 and 2025 were $386 million and $361 million, respectively, and for the six months ended June 30, 2026 and 2025 were $763 million and $694 million, respectively. Revenues for Reinsurance & Monoline Excess from foreign operations for the three months ended June 30, 2026 and 2025 were $118 million and $116 million, respectively, and for the six months ended June 30, 2026 and 2025 were $231 million and $246 million, respectively. (3) Corporate, other and eliminations represent corporate revenues and expenses and certain other items that are not allocated to business segments
|
| Net Premiums Earned By Major Line Of Business |
Net premiums earned by major line of business are as follows: | | | | | | | | | | | | | | | | | | | | | | | | | For the Three Months
Ended June 30, | | For the Six Months
Ended June 30, | | | | (In thousands) | 2026 | | 2025 | | 2026 | | 2025 | | Insurance: | | | | | | | | | Other liability | $ | 1,127,144 | | | $ | 1,104,332 | | | $ | 2,224,985 | | | $ | 2,177,060 | | | Short-tail lines (1) | 663,471 | | | 619,988 | | | 1,315,994 | | | 1,216,096 | | | Auto | 424,879 | | | 405,632 | | | 838,371 | | | 795,581 | | | Workers' compensation | 315,434 | | | 318,881 | | | 629,176 | | | 629,910 | | | Professional liability | 295,102 | | | 279,951 | | | 582,996 | | | 552,644 | | | Total Insurance | 2,826,030 | | | 2,728,784 | | | 5,591,522 | | | 5,371,291 | | | | | | | | | | | Reinsurance & Monoline Excess: | | | | | | | | | Casualty (2) | 174,630 | | | 184,903 | | | 346,349 | | | 366,670 | | | Property (2) | 110,751 | | | 113,136 | | | 212,603 | | | 233,979 | | | Monoline excess (3) | 75,978 | | | 71,362 | | | 152,087 | | | 138,626 | | | | | | | | | | | Total Reinsurance & Monoline Excess | 361,359 | | | 369,401 | | | 711,039 | | | 739,275 | | | | | | | | | | | Total | $ | 3,187,389 | | | $ | 3,098,185 | | | $ | 6,302,561 | | | $ | 6,110,566 | |
______________ (1) Short-tail lines include commercial multi-peril (non-liability), inland marine, accident and health, fidelity and surety, boiler and machinery, high net worth homeowners and other lines. (2) Includes reinsurance casualty and property and certain program management business. (3) Monoline excess includes operations that solely retain risk on an excess basis.
|