Markel Corporation(NYSE:MKL) 
Markel Corporation, a diverse financial holding company, markets and underwrites specialty insurance products in the United States, Bermuda, the United Kingdom, rest of Europe, Canada, Latin America, the Asia Pacific, and the Middle East. Its Insurance segment offers general and professional liabili...
Website: http://www.markelcorp.com
Founded: 1930
Full Time Employees: 18,600
Sector: Financial Services
Industry: Insurance-Property & Casualty
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Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-09-30 | 2018-06-30 | 2018-03-31 | 2017-12-31 | 2017-09-30 | 2017-06-30 | 2017-03-31 | 2016-12-31 | 2016-09-30 | 2016-06-30 | 2016-03-31 | 2015-12-31 | 2015-09-30 | 2015-06-30 | 2015-03-31 | 2014-12-31 | 2014-09-30 | 2014-06-30 | 2014-03-31 | 2013-12-31 | 2013-09-30 | 2013-06-30 | 2013-03-31 | 2012-12-31 | 2012-09-30 | 2012-06-30 | 2012-03-31 | 2011-09-30 | 2011-06-30 | 2011-03-31 | 2010-09-30 | 2010-06-30 | 2010-03-31 |
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operating revenues | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
earned premiums | 2,048,886,000 | 2,278,829,000 | 2,205,773,000 | 2,141,691,000 | 2,089,374,000 | 2,117,578,000 | 2,110,108,000 | 2,077,099,000 | 2,127,627,000 | 2,174,887,000 | 2,121,745,000 | 2,031,143,000 | 1,967,704,000 | 2,038,088,000 | 1,956,830,000 | 1,833,104,000 | 1,759,770,000 | 1,806,797,000 | 1,630,500,000 | 1,568,037,000 | 1,497,695,000 | 1,526,894,000 | 1,394,428,000 | 1,360,174,000 | 1,330,709,000 | 1,346,323,000 | 1,300,032,000 | 1,199,461,000 | 1,203,977,000 | 1,227,532,000 | 1,185,323,000 | 1,148,184,000 | 1,151,021,000 | 1,131,940,000 | 1,099,862,000 | 1,033,574,000 | 982,602,000 | 983,081,000 | 974,244,000 | 950,859,000 | 957,686,000 | 958,650,000 | 963,675,000 | 957,557,000 | 943,650,000 | 971,931,000 | 954,007,000 | 965,599,000 | 949,375,000 | 962,487,000 | 919,723,000 | 784,819,000 | 564,587,000 | 573,939,000 | 530,537,000 | 513,056,000 | 529,596,000 | 509,203,000 | 490,201,000 | 463,111,000 | 435,355,000 | 416,688,000 | 412,135,000 |
net investment income | 255,890,000 | 257,648,000 | 245,675,000 | 230,009,000 | 237,095,000 | 243,689,000 | 235,477,000 | 223,061,000 | 218,269,000 | 213,297,000 | 192,207,000 | 169,693,000 | 159,335,000 | 172,632,000 | 107,731,000 | 93,658,000 | 72,734,000 | 90,506,000 | 91,264,000 | 96,261,000 | 96,570,000 | 97,588,000 | 90,384,000 | 95,615,000 | 88,243,000 | 112,493,000 | 113,382,000 | 111,831,000 | 114,182,000 | 114,505,000 | 106,307,000 | 105,387,000 | 108,016,000 | 101,553,000 | 104,489,000 | 99,299,000 | 100,368,000 | 93,793,000 | 93,147,000 | 94,996,000 | 91,294,000 | 82,692,000 | 87,060,000 | 90,586,000 | 92,875,000 | 93,250,000 | 91,096,000 | 92,169,000 | 86,715,000 | 88,585,000 | 86,192,000 | 77,979,000 | 64,617,000 | 74,273,000 | 64,438,000 | 63,602,000 | 79,794,000 | 62,199,000 | 64,253,000 | 70,099,000 | 68,652,000 | 64,384,000 | 68,402,000 |
products revenues | 572,421,000 | 563,002,000 | 607,493,000 | 846,925,000 | 561,124,000 | 575,323,000 | 612,277,000 | 847,219,000 | 600,840,000 | 580,721,000 | 601,524,000 | 784,882,000 | 577,926,000 | 581,985,000 | 586,531,000 | 776,959,000 | 481,621,000 | 384,976,000 | 405,711,000 | 592,601,000 | 328,832,000 | 321,734,000 | 342,039,000 | 423,581,000 | 352,161,000 | 372,408,000 | 386,708,000 | 501,676,000 | 348,794,000 | ||||||||||||||||||||||||||||||||||
services and other revenues | 673,408,000 | 908,486,000 | 875,608,000 | 803,918,000 | 660,583,000 | 786,986,000 | 735,872,000 | 684,481,000 | 617,638,000 | 740,733,000 | 725,627,000 | 672,291,000 | 565,861,000 | 819,250,000 | 696,536,000 | 643,129,000 | 650,510,000 | 673,083,000 | 585,712,000 | 569,120,000 | 450,226,000 | 560,559,000 | 545,582,000 | 341,402,000 | 245,994,000 | 218,571,000 | 200,792,000 | 200,495,000 | 193,344,000 | ||||||||||||||||||||||||||||||||||
total operating revenues | 3,550,605,000 | 4,007,965,000 | 3,934,549,000 | 4,602,766,000 | 3,399,105,000 | 3,841,001,000 | 4,611,264,000 | 3,701,843,000 | 4,466,655,000 | 4,642,519,000 | 3,375,186,000 | 4,142,536,000 | 3,643,389,000 | 4,210,747,000 | 3,066,145,000 | 1,792,207,000 | 2,606,236,000 | 3,758,105,000 | 2,687,354,000 | 3,500,772,000 | 2,900,194,000 | 3,355,650,000 | 2,911,735,000 | 3,132,015,000 | 335,666,000 | 2,581,529,000 | 2,033,058,000 | 2,439,116,000 | 2,472,488,000 | 1,042,852,000 | 2,235,949,000 | 1,987,013,000 | 1,575,471,000 | 1,662,267,000 | 1,506,148,000 | 1,481,493,000 | 1,411,751,000 | 1,428,625,000 | 1,431,282,000 | 1,375,937,000 | 1,376,182,000 | 1,420,460,000 | 1,342,764,000 | 1,304,605,000 | 1,302,154,000 | 1,335,755,000 | 1,299,286,000 | 1,258,971,000 | 1,239,655,000 | 1,279,785,000 | 1,191,665,000 | 1,031,769,000 | 819,864,000 | 807,955,000 | 765,775,000 | 693,247,000 | 733,135,000 | 676,088,000 | 647,168,000 | 621,594,000 | 561,354,000 | 515,414,000 | 536,719,000 |
net investment losses | -727,562,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
operating expenses | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
losses and loss adjustment expenses | 1,166,817,000 | 1,283,320,000 | 1,253,826,000 | 1,288,034,000 | 1,254,665,000 | 1,241,815,000 | 1,290,612,000 | 1,232,575,000 | 1,287,747,000 | 1,556,794,000 | 1,404,325,000 | 1,187,876,000 | 1,173,014,000 | 1,229,094,000 | 1,185,313,000 | 1,058,810,000 | 972,372,000 | 938,091,000 | 948,241,000 | 814,955,000 | 879,918,000 | 814,150,000 | 863,247,000 | 713,216,000 | 1,076,348,000 | 773,190,000 | 752,134,000 | 678,120,000 | 687,746,000 | 869,573,000 | 736,846,000 | 599,178,000 | 615,118,000 | 655,632,000 | 1,075,432,000 | 522,978,000 | 611,719,000 | 485,819,000 | 579,405,000 | 511,556,000 | 473,964,000 | 470,819,000 | 484,737,000 | 536,194,000 | 446,995,000 | 478,792,000 | 570,966,000 | 610,406,000 | 542,303,000 | 552,599,000 | 533,372,000 | 442,406,000 | 287,896,000 | 340,994,000 | 303,459,000 | 221,094,000 | 288,521,000 | 306,632,000 | 306,683,000 | 314,328,000 | 224,840,000 | 251,235,000 | 260,170,000 |
underwriting, acquisition, and insurance expenses | 739,828,000 | 829,013,000 | 782,501,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
products expenses | 517,430,000 | 524,612,000 | 555,493,000 | 707,381,000 | 499,908,000 | 505,289,000 | 549,990,000 | 693,693,000 | 523,247,000 | 507,884,000 | 545,567,000 | 651,469,000 | 515,756,000 | 515,369,000 | 580,830,000 | 697,718,000 | 447,819,000 | 371,371,000 | 374,407,000 | 502,202,000 | 296,526,000 | 281,234,000 | 296,371,000 | 364,483,000 | 314,071,000 | 356,277,000 | 354,404,000 | 425,138,000 | 319,426,000 | ||||||||||||||||||||||||||||||||||
services and other expenses | 628,784,000 | 745,126,000 | 721,712,000 | 674,587,000 | 567,628,000 | 667,150,000 | 609,321,000 | 611,063,000 | 536,838,000 | 632,523,000 | 606,810,000 | 590,817,000 | 480,619,000 | 614,432,000 | 540,569,000 | 559,858,000 | 591,776,000 | 580,593,000 | 513,994,000 | 516,251,000 | 412,097,000 | 536,387,000 | 522,237,000 | 284,940,000 | 217,556,000 | 176,919,000 | 153,358,000 | 170,796,000 | 174,606,000 | ||||||||||||||||||||||||||||||||||
amortization of acquired intangible assets | 43,513,000 | 42,791,000 | 44,061,000 | 51,213,000 | 46,942,000 | 46,491,000 | 46,459,000 | 44,237,000 | 44,285,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
total operating expenses | 3,096,372,000 | 3,424,862,000 | 3,357,593,000 | 3,495,426,000 | 3,116,581,000 | 3,245,531,000 | 3,239,938,000 | 3,291,863,000 | 3,130,869,000 | 3,510,461,000 | 3,302,376,000 | 3,172,472,000 | 2,889,493,000 | 3,155,160,000 | 2,993,402,000 | 2,971,378,000 | 2,648,381,000 | 2,580,920,000 | 2,445,666,000 | 2,421,501,000 | 2,154,837,000 | 2,211,088,000 | 2,219,343,000 | 1,889,755,000 | 2,140,996,000 | 1,827,707,000 | 1,770,810,000 | 1,772,670,000 | 1,677,658,000 | 1,974,989,000 | 1,680,344,000 | 1,675,732,000 | 1,470,461,000 | 1,483,175,000 | 1,834,282,000 | 1,240,151,000 | 1,284,305,000 | 1,216,207,000 | 1,278,649,000 | 1,182,249,000 | 1,131,005,000 | 1,141,206,000 | 1,160,019,000 | 1,175,031,000 | 1,033,321,000 | 1,140,892,000 | 1,166,157,000 | 1,174,823,000 | 1,093,975,000 | 1,142,371,000 | 1,068,912,000 | 957,552,000 | 678,501,000 | 718,364,000 | 688,598,000 | 551,912,000 | 636,426,000 | 585,273,000 | 588,556,000 | 591,181,000 | 451,457,000 | 467,166,000 | 456,193,000 |
operating income | -273,329,000 | 795,146,000 | 1,009,842,000 | 1,107,340,000 | 282,524,000 | 595,470,000 | 1,371,326,000 | 409,980,000 | 1,335,786,000 | 1,132,058,000 | 72,810,000 | 970,064,000 | 753,896,000 | 1,055,587,000 | 72,743,000 | -1,179,171,000 | -42,145,000 | 1,177,185,000 | 241,688,000 | 1,079,271,000 | 745,357,000 | 1,144,562,000 | 692,392,000 | 1,242,260,000 | -1,805,330,000 | 753,822,000 | 262,248,000 | 666,446,000 | 794,830,000 | -932,137,000 | 555,605,000 | 311,281,000 | 105,010,000 | 179,092,000 | -328,134,000 | 241,342,000 | 127,446,000 | 212,418,000 | 152,633,000 | 193,688,000 | 245,177,000 | 279,254,000 | 182,745,000 | 129,574,000 | 268,833,000 | 194,863,000 | 133,129,000 | 84,148,000 | 145,680,000 | 137,414,000 | 122,753,000 | 74,217,000 | 141,363,000 | 89,591,000 | 77,177,000 | 141,335,000 | 96,709,000 | 90,815,000 | 58,612,000 | 30,413,000 | 109,897,000 | 48,248,000 | 80,526,000 |
yoy | -196.75% | 33.53% | -26.36% | 170.10% | -78.85% | -47.40% | 1783.43% | -57.74% | 77.18% | 7.24% | 0.09% | -182.27% | -1888.81% | -10.33% | -69.90% | -209.26% | -105.65% | 2.85% | -65.09% | -13.12% | -141.29% | 51.83% | 164.02% | 86.40% | -327.13% | -180.87% | -52.80% | 114.10% | 656.91% | -620.48% | -269.32% | 28.98% | -17.60% | -15.69% | -314.98% | 24.60% | -48.02% | -23.93% | -16.48% | 49.48% | -8.80% | 43.31% | 37.27% | 53.98% | 84.54% | 41.81% | 8.45% | 13.38% | 3.05% | 53.38% | 59.05% | -47.49% | 46.17% | -1.35% | 31.67% | 364.72% | -12.00% | 88.23% | -27.21% | ||||
qoq | -134.37% | -21.26% | -8.80% | 291.95% | -52.55% | -56.58% | 234.49% | -69.31% | 18.00% | 1454.81% | -92.49% | 28.67% | -28.58% | 1351.12% | -106.17% | 2697.89% | -103.58% | 387.07% | -77.61% | 44.80% | -34.88% | 65.31% | -44.26% | -168.81% | -339.49% | 187.45% | -60.65% | -16.15% | -185.27% | -267.77% | 78.49% | 196.43% | -41.37% | -154.58% | -235.96% | 89.37% | -40.00% | 39.17% | -21.20% | -21.00% | -12.20% | 52.81% | 41.04% | -51.80% | 37.96% | 46.37% | 58.21% | -42.24% | 6.02% | 11.94% | 65.40% | -47.50% | 57.79% | 16.09% | -45.39% | 46.14% | 6.49% | 54.94% | 92.72% | -72.33% | 127.78% | -40.08% | |
interest expense | -50,886,000 | -50,016,000 | -50,678,000 | -53,076,000 | -52,140,000 | -52,794,000 | -53,361,000 | -52,597,000 | -45,548,000 | -43,865,000 | -44,553,000 | -47,221,000 | -49,438,000 | -48,972,000 | -47,348,000 | -50,050,000 | -49,692,000 | -48,167,000 | -46,455,000 | -46,568,000 | -42,389,000 | -44,381,000 | -42,744,000 | -45,427,000 | -45,030,000 | -300,709,000 | 47,465,000 | 41,267,000 | 40,290,000 | 39,490,000 | 37,961,000 | 36,702,000 | 40,059,000 | 35,438,000 | 31,814,000 | 31,797,000 | 33,402,000 | 32,206,000 | 33,152,000 | 33,697,000 | 30,841,000 | 29,637,000 | 30,064,000 | 29,288,000 | 29,312,000 | 28,306,000 | 29,648,000 | 29,789,000 | 29,699,000 | 31,250,000 | 30,619,000 | 28,561,000 | 23,574,000 | 23,694,000 | 24,692,000 | 22,209,000 | 22,167,000 | 23,656,000 | 21,898,000 | 18,962,000 | 18,598,000 | 18,334,000 | 17,959,000 |
net foreign exchange gains | 54,277,000 | -81,387,000 | 39,246,000 | -14,976,000 | -32,928,000 | -105,147,000 | 115,130,000 | 106,732,000 | 23,494,000 | 10,594,000 | 48,850,000 | -12,257,000 | 25,084,000 | -87,117,000 | -65,577,000 | -21,460,000 | 78,301,000 | 54,736,000 | -53,850,000 | -25,015,000 | -16,356,750 | -1,383,000 | -86,158,000 | ||||||||||||||||||||||||||||||||||||||||
income before income taxes | -269,938,000 | 734,159,000 | 978,443,000 | 862,355,000 | 157,751,000 | 723,515,000 | 1,206,353,000 | 366,094,000 | 1,341,738,000 | 1,006,806,000 | 67,503,000 | 907,867,000 | 671,530,000 | 901,468,000 | 140,525,000 | -1,122,489,000 | -68,343,000 | 1,139,612,000 | 244,083,000 | 1,020,446,000 | 728,052,000 | 1,013,064,000 | 584,071,000 | 1,175,373,000 | -1,772,059,000 | 641,010,000 | 261,928,000 | 650,194,000 | 732,676,000 | -930,456,000 | 519,027,000 | 360,737,000 | 42,837,000 | 143,654,000 | -359,948,000 | 209,545,000 | 94,044,000 | 180,212,000 | 119,481,000 | 115,891,000 | 214,336,000 | 249,617,000 | 152,681,000 | 100,286,000 | 239,521,000 | 166,557,000 | 103,481,000 | 54,359,000 | 115,981,000 | 106,164,000 | 92,134,000 | 45,656,000 | 117,789,000 | 65,897,000 | 52,485,000 | 119,126,000 | 74,542,000 | 67,159,000 | 36,714,000 | 11,451,000 | 91,299,000 | 29,914,000 | 62,567,000 |
income tax benefit | 65,582,000 | -212,713,000 | -14,235,000 | -191,937,000 | -133,731,000 | -191,900,000 | -17,995,000 | 239,102,000 | 18,429,000 | -217,112,000 | -148,371,000 | -243,702,000 | 370,683,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
net income | -204,356,000 | 582,086,000 | 763,787,000 | 677,185,000 | 129,347,000 | 561,432,000 | 946,942,000 | 289,850,000 | 1,049,182,000 | 794,093,000 | 53,268,000 | 715,930,000 | 537,799,000 | 709,568,000 | 122,530,000 | -883,387,000 | -49,914,000 | 875,052,000 | 189,668,000 | 803,334,000 | 579,681,000 | 847,429,000 | 454,043,000 | 931,671,000 | -1,401,376,000 | 511,513,000 | 203,953,000 | 506,483,000 | 577,513,000 | -753,374,000 | 409,028,000 | 279,587,000 | -65,594,000 | 439,326,000 | -261,035,000 | 151,427,000 | 71,040,000 | 132,703,000 | 83,421,000 | 80,673,000 | 163,646,000 | 198,273,000 | 104,410,000 | 92,453,000 | 194,006,000 | 118,222,000 | 76,824,000 | 41,141,000 | 87,501,000 | 98,939,000 | 66,967,000 | 28,676,000 | 89,263,000 | 58,093,000 | 51,674,000 | 90,768,000 | 57,713,000 | 54,669,000 | 31,649,000 | 9,861,000 | 63,157,000 | 20,917,000 | 43,206,000 |
yoy | -257.99% | 3.68% | -19.34% | 133.63% | -87.67% | -29.30% | 1677.69% | -59.51% | 95.09% | 11.91% | -56.53% | -181.04% | -1177.45% | -18.91% | -35.40% | -209.97% | -108.61% | 3.26% | -58.23% | -13.77% | -141.37% | 65.67% | 122.62% | 83.95% | -342.66% | -167.90% | -50.14% | 81.15% | -980.44% | -271.48% | -256.69% | 84.63% | -192.33% | 231.06% | -412.91% | 87.70% | -56.59% | -33.07% | -20.10% | -12.74% | -15.65% | 67.71% | 35.91% | 124.72% | 121.72% | 19.49% | 14.72% | 43.47% | -1.97% | 70.31% | 29.60% | -68.41% | 54.67% | 6.26% | 63.27% | 820.47% | -8.62% | 161.36% | -26.75% | ||||
qoq | -135.11% | -23.79% | 12.79% | 423.54% | -76.96% | -40.71% | 226.70% | -72.37% | 32.12% | 1390.75% | -92.56% | 33.12% | -24.21% | 479.10% | -113.87% | 1669.82% | -105.70% | 361.36% | -76.39% | 38.58% | -31.60% | 86.64% | -51.27% | -166.48% | -373.97% | 150.80% | -59.73% | -12.30% | -176.66% | -284.19% | 46.30% | -526.24% | -114.93% | -268.30% | -272.38% | 113.16% | -46.47% | 59.08% | 3.41% | -50.70% | -17.46% | 89.90% | 12.93% | -52.35% | 64.10% | 53.89% | 86.73% | -52.98% | -11.56% | 47.74% | 133.53% | -67.87% | 53.66% | 12.42% | -43.07% | 57.27% | 5.57% | 72.74% | 220.95% | -84.39% | 201.94% | -51.59% | |
net income attributable to noncontrolling interests | -7,933,000 | -5,274,000 | -12,451,000 | -20,037,000 | -7,633,000 | -12,254,000 | -41,983,000 | -22,149,000 | -23,998,000 | -24,787,000 | -10,677,000 | -20,419,000 | -49,147,000 | -19,858,000 | -57,161,000 | -32,972,000 | -2,929,000 | -3,923,000 | -1,598,000 | -11,224,000 | -5,987,000 | -9,903,000 | -4,387,000 | 2,146,750 | -1,684,000 | 9,185,000 | 1,086,000 | -1,831,000 | -410,000 | 1,356,000 | -1,288,000 | 4,445,000 | -1,894,000 | 1,767,000 | 1,171,000 | -23,000 | -375,000 | 1,876,000 | 3,276,000 | 381,000 | 1,891,000 | 1,084,000 | 3,014,000 | 627,000 | 1,021,000 | 1,073,000 | -215,000 | 175,000 | 1,368,000 | 920,000 | 361,000 | 1,301,000 | 2,021,000 | 1,081,000 | 460,000 | 1,405,000 | 1,335,000 | 1,589,000 | -93,000 | ||||
net income to shareholders | -212,289,000 | 576,812,000 | 751,336,000 | 657,148,000 | 121,714,000 | 549,178,000 | 904,959,000 | 267,701,000 | 1,025,184,000 | 769,306,000 | 42,591,000 | 695,511,000 | 488,652,000 | 689,710,000 | 65,369,000 | -916,359,000 | -52,843,000 | 871,129,000 | 188,070,000 | 792,110,000 | 573,694,000 | 847,299,000 | 452,726,000 | 921,768,000 | -1,405,763,000 | 511,104,000 | 205,637,000 | 497,298,000 | 576,427,000 | -751,543,000 | 409,438,000 | 278,231,000 | -64,306,000 | 434,881,000 | -259,141,000 | 149,660,000 | 69,869,000 | 132,726,000 | 83,796,000 | 78,797,000 | 160,370,000 | 197,892,000 | 102,519,000 | 91,369,000 | 190,992,000 | 117,595,000 | 75,803,000 | 40,068,000 | 87,716,000 | 98,764,000 | 65,599,000 | 27,756,000 | 88,902,000 | 56,792,000 | 49,653,000 | 89,687,000 | 57,253,000 | 53,264,000 | 30,314,000 | 8,272,000 | 63,250,000 | 20,831,000 | 42,569,000 |
other comprehensive income | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
change in net unrealized losses on available-for-sale investments, net of taxes | -133,821,000 | 22,183,000 | 47,278,000 | 202,512,000 | 218,377,000 | 70,748,000 | 434,564,000 | -28,870,000 | -122,702,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
other, net of taxes | 5,717,000 | 7,330,000 | -5,537,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total other comprehensive income | -128,104,000 | 29,513,000 | 41,741,000 | 210,404,000 | 225,929,000 | -423,205,000 | 424,523,000 | -23,333,000 | -116,739,000 | -130,983,000 | 157,745,000 | -365,033,000 | -81,777,000 | -107,865,000 | 57,561,000 | -214,680,000 | 84,656,000 | 67,381,000 | 170,755,000 | 52,830,000 | -22,832,000 | 44,374,000 | 126,036,000 | 155,823,000 | 71,170,000 | -94,391,000 | -113,918,000 | -110,491,000 | 194,392,000 | 239,276,000 | 192,711,000 | 153,372,000 | -161,788,000 | 5,364,000 | 131,156,000 | 236,632,000 | -62,934,000 | -153,653,000 | -224,320,000 | 90,785,000 | 300,969,000 | -39,302,000 | 210,525,000 | 142,564,000 | 107,714,000 | 78,810,000 | -176,810,000 | 168,782,000 | 20,232,000 | 97,806,000 | -16,318,000 | 148,692,000 | -105,890,000 | 65,731,000 | 16,466,000 | 162,078,000 | -54,779,000 | 92,201,000 | |||||
comprehensive income | -332,460,000 | 611,599,000 | 805,528,000 | 887,589,000 | 355,276,000 | 138,227,000 | 1,371,465,000 | 266,517,000 | 932,443,000 | 1,206,688,000 | -96,751,000 | 584,947,000 | 695,544,000 | 889,028,000 | -310,377,000 | -1,248,420,000 | -526,111,000 | 793,275,000 | 81,803,000 | 860,895,000 | 365,001,000 | 932,085,000 | 521,424,000 | 1,102,426,000 | -1,348,546,000 | 488,681,000 | 248,327,000 | 632,519,000 | 733,336,000 | -682,204,000 | 314,637,000 | 165,669,000 | -176,085,000 | 633,718,000 | -21,759,000 | 344,138,000 | 224,412,000 | -29,085,000 | 88,785,000 | 211,829,000 | 400,278,000 | 135,339,000 | -49,243,000 | -131,867,000 | 284,791,000 | 419,191,000 | 37,522,000 | 251,666,000 | 230,065,000 | 206,653,000 | 145,777,000 | -148,134,000 | 258,045,000 | 78,325,000 | 149,480,000 | 74,450,000 | 206,405,000 | -51,221,000 | 97,380,000 | 26,327,000 | 225,235,000 | -33,862,000 | 135,407,000 |
comprehensive income attributable to noncontrolling interests | -7,970,000 | -5,274,000 | -12,402,000 | -20,078,000 | -7,606,000 | -12,276,000 | -42,007,000 | -22,161,000 | -24,058,000 | -24,758,000 | -10,749,000 | -20,398,000 | -49,179,000 | -19,941,000 | -57,051,000 | -33,029,000 | -2,916,000 | -3,918,000 | -1,567,000 | -11,241,000 | -6,004,000 | -10,033,000 | -4,263,000 | 2,134,500 | -1,742,000 | 9,189,000 | 1,091,000 | -1,831,000 | -469,000 | 1,333,000 | -1,246,000 | 4,471,000 | -1,890,000 | 1,781,000 | 1,173,000 | -35,000 | -376,000 | 1,887,000 | 3,284,000 | 355,000 | 1,900,000 | 1,058,000 | 2,984,000 | 620,000 | 1,020,000 | 1,078,000 | -208,000 | 203,000 | 1,368,000 | 920,000 | 361,000 | 1,338,000 | 2,026,000 | 1,034,000 | 460,000 | 1,405,000 | 1,335,000 | 1,589,000 | -93,000 | ||||
comprehensive income to shareholders | -340,430,000 | 606,325,000 | 793,126,000 | 867,511,000 | 347,670,000 | 125,951,000 | 1,329,458,000 | 244,356,000 | 908,385,000 | 1,181,930,000 | -107,500,000 | 564,549,000 | 646,365,000 | 869,087,000 | -367,428,000 | -1,281,449,000 | -529,027,000 | 789,357,000 | 80,236,000 | 849,654,000 | 358,997,000 | 931,961,000 | 520,089,000 | 1,092,393,000 | -1,352,809,000 | 488,244,000 | 250,069,000 | 623,330,000 | 732,245,000 | -680,373,000 | 315,106,000 | 164,336,000 | -174,839,000 | 629,247,000 | -19,869,000 | 342,357,000 | 223,239,000 | -29,050,000 | 89,161,000 | 209,942,000 | 396,994,000 | 134,984,000 | -51,143,000 | -132,925,000 | 281,807,000 | 418,571,000 | 36,502,000 | 250,588,000 | 230,273,000 | 206,450,000 | 144,409,000 | -149,054,000 | 257,684,000 | 76,987,000 | 147,454,000 | 73,416,000 | 205,945,000 | -52,626,000 | 96,045,000 | 24,738,000 | 225,328,000 | -33,903,000 | 134,539,000 |
net income per common share | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
basic | -18,900 | 48,820 | 59,440 | 49,800 | 12,110 | 38,980 | 66,400 | 18,660 | 75,560 | 56,460 | 3,150 | 50,200 | 37,330 | 48,740 | 3,510 | -69,190 | -6,580 | 62,530 | 15,120 | 57,120 | 42,090 | 59,430 | 31,070 | 65,810 | -100.6 | 36.33 | 13.97 | 36.1 | 42.81 | -53.84 | 28.56 | 20.01 | -4.25 | 30.41 | -18.82 | 10.34 | 3.91 | 9.14 | 5.62 | 5.44 | 11.21 | 14.23 | 7.43 | 6.76 | 13.57 | 8.1 | 5.33 | 2.67 | 6.28 | 7.19 | 4.69 | 2.24 | 9.53 | 6.24 | 5.33 | 8.44 | 5.94 | 5.5 | 3.12 | 0.85 | 6.49 | 2.13 | 4.34 |
diluted | -18,900 | 48,620 | 59,250 | 49,670 | 12,080 | 38,900 | 66,250 | 18,620 | 75,430 | 56,290 | 3,140 | 50,090 | 37,260 | 48,740 | 3,500 | -69,190 | -6,580 | 62,310 | 15,090 | 57,020 | 42,020 | 59,390 | 31,030 | 65,750 | -100.6 | 36.23 | 13.95 | 36.07 | 42.76 | -53.76 | 28.5 | 19.97 | -4.25 | 30.33 | -18.82 | 10.31 | 3.9 | 9.11 | 5.6 | 5.41 | 11.15 | 14.14 | 7.39 | 6.72 | 13.49 | 8.06 | 5.3 | 2.66 | 6.25 | 7.15 | 4.67 | 2.24 | 9.5 | 6.22 | 5.32 | 8.42 | 5.92 | 5.48 | 3.11 | 0.85 | 6.48 | 2.12 | 4.33 |
net investment gains | 212,043,000 | 432,886,000 | 580,223,000 | -149,071,000 | 117,425,000 | 917,530,000 | -130,017,000 | 902,281,000 | 932,881,000 | -265,917,000 | 484,527,000 | 372,563,000 | 598,792,000 | -281,483,000 | -1,554,643,000 | -358,399,000 | 802,743,000 | -25,833,000 | 674,753,000 | 526,871,000 | 848,875,000 | 539,302,000 | 911,243,000 | -1,681,441,000 | 531,734,000 | 32,144,000 | 425,653,000 | 612,191,000 | -845,922,000 | 426,075,000 | 105,249,000 | -122,998,000 | |||||||||||||||||||||||||||||||
foreign exchange gains | -61,315,750 | 19,279,000 | -191,909,000 | -72,633,000 | -12,850,250 | -111,612,000 | 8,711,000 | 51,500,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
income tax expense | -152,073,000 | -214,656,000 | -185,170,000 | -28,404,000 | -157,052,750 | -259,411,000 | -76,244,000 | -292,556,000 | -264,560,000 | -54,415,000 | -165,635,000 | -130,028,000 | 89,212,250 | 57,975,000 | 143,711,000 | 155,163,000 | -177,082,000 | 109,999,000 | 81,150,000 | 108,431,000 | -295,672,000 | -98,913,000 | 58,118,000 | 23,004,000 | 47,509,000 | 36,060,000 | 35,218,000 | 50,690,000 | 51,344,000 | 48,271,000 | 7,833,000 | 45,515,000 | 48,335,000 | 26,657,000 | 13,218,000 | 28,480,000 | 7,225,000 | 25,167,000 | 16,980,000 | 28,526,000 | 7,804,000 | 811,000 | 28,358,000 | 16,829,000 | 12,490,000 | 5,065,000 | 1,590,000 | 28,142,000 | 8,997,000 | 19,361,000 | |||||||||||||
preferred stock dividends and redemption premiums | -26,109,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income to common shareholders | 576,812,000 | 751,336,000 | 631,039,000 | 121,714,000 | 531,178,000 | 904,959,000 | 249,701,000 | 1,025,184,000 | 751,306,000 | 42,591,000 | 677,511,000 | 488,652,000 | 671,710,000 | 65,369,000 | -934,359,000 | -52,843,000 | 853,129,000 | 188,070,000 | 774,110,000 | 573,694,000 | 828,899,000 | 452,726,000 | 921,768,000 | ||||||||||||||||||||||||||||||||||||||||
change in net unrealized losses on available-for-sale investments, net of taxes: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net holding gains arising during the period | 116,183,500 | 50,995,000 | 197,533,000 | 216,206,000 | -413,888,000 | 434,310,000 | -40,299,000 | -128,425,000 | -134,991,000 | 161,206,000 | -362,392,000 | -85,636,000 | -104,238,000 | 55,935,000 | -214,376,000 | 54,672,000 | 64,449,000 | 172,661,000 | 64,377,000 | -29,988,000 | 48,315,000 | 128,467,000 | 152,331,000 | 64,744,000 | -91,002,000 | -98,145,000 | -116,922,000 | 209,543,000 | 227,447,000 | 190,069,000 | 160,280,000 | -135,733,000 | 23,098,000 | 149,406,000 | 238,890,000 | 18,216,000 | -149,266,000 | -230,142,000 | 121,022,000 | 339,639,000 | -7,532,000 | 208,332,000 | 147,296,000 | 118,072,000 | 84,564,000 | -158,690,000 | 181,599,000 | 20,369,000 | 100,630,000 | -8,029,000 | 153,455,000 | -90,330,000 | 64,403,000 | 20,321,000 | 167,638,000 | -49,927,000 | 97,441,000 | ||||||
reclassification adjustments for net gains in net income | 858,250 | -3,717,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
underwriting, acquisition and insurance expenses | 774,211,000 | 747,438,000 | 784,786,000 | 743,556,000 | 710,295,000 | 738,752,000 | 769,013,000 | 698,129,000 | 697,887,000 | 675,705,000 | 672,477,000 | 643,272,000 | 609,469,000 | 590,365,000 | 648,876,000 | 569,756,000 | 548,364,000 | 526,743,000 | 540,278,000 | 492,824,000 | 489,362,000 | 495,163,000 | 485,346,000 | 475,219,000 | 462,316,000 | 455,212,000 | 459,590,000 | 441,961,000 | 451,570,000 | 424,390,000 | 418,239,000 | 395,909,000 | 400,035,000 | 373,231,000 | 385,801,000 | 372,521,000 | 375,580,000 | 364,688,000 | 369,124,000 | 365,619,000 | 379,652,000 | 340,685,000 | 388,897,000 | 350,493,000 | 365,987,000 | 355,505,000 | 368,418,000 | 352,126,000 | 363,095,000 | 228,673,000 | 234,150,000 | 231,841,000 | 224,784,000 | 238,697,000 | 202,316,000 | 196,845,000 | 202,350,000 | 181,640,000 | 179,106,000 | 156,668,000 | |||
reclassification adjustments for net losses in net income | 4,979,000 | 2,171,000 | 4,351,500 | 254,000 | 11,429,000 | 5,723,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
change in discount rate for life and annuity benefits, net of taxes | -1,664,000 | 7,378,000 | 2,159,000 | -14,298,000 | 5,973,000 | 6,418,000 | -31,124,000 | 14,609,000 | 3,224,000 | -9,052,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
change in foreign currency translation adjustments, net of taxes | 9,535,000 | 155,000 | -7,071,000 | 4,236,000 | -455,000 | -475,000 | 1,951,000 | -187,000 | 361,000 | 2,579,000 | 5,136,000 | -8,872,000 | -4,275,000 | -1,248,000 | 117,000 | -4,437,000 | 4,915,000 | -808,000 | 38,230,000 | 5,756,000 | -1,405,000 | -12,734,000 | 6,360,000 | -4,606,000 | -3,749,000 | 2,377,000 | 3,473,000 | -14,471,000 | -10,450,000 | 4,953,000 | -9,321,000 | 16,263,000 | 1,962,000 | 1,545,000 | -5,563,000 | -8,349,000 | -8,121,000 | 10,329,000 | -6,995,000 | -10,854,000 | 10,385,000 | -21,814,000 | -12,602,000 | -27,223,000 | 6,671,000 | 913,000 | -212,000 | 1,709,000 | -10,459,000 | -1,181,000 | -1,393,000 | 3,266,000 | -3,162,000 | 2,823,000 | -8,133,000 | 156,000 | 2,439,000 | ||||||
change in net actuarial pension loss, net of taxes | 21,000 | 19,000 | -5,006,000 | 21,000 | 19,000 | 20,000 | 18,000 | 20,000 | 18,000 | 18,000 | 22,922,000 | 303,000 | 373,000 | 1,132,000 | 6,558,000 | 586,000 | 654,000 | 592,000 | -8,420,000 | 538,000 | 884,000 | 2,704,000 | 462,000 | 515,000 | 1,361,000 | 600,000 | 509,000 | 568,000 | 664,000 | 3,868,000 | 773,000 | 902,000 | 716,000 | -20,347,000 | 390,000 | 394,000 | 463,000 | -1,759,000 | 475,000 | 469,000 | 463,000 | -15,714,000 | 320,000 | 325,000 | 319,000 | 2,919,000 | 410,000 | 366,000 | 370,000 | 5,177,000 | 522,000 | 482,000 | 483,000 | 379,000 | 355,000 | 346,000 | 350,000 | 336,000 | 350,000 | ||||
preferred stock dividends | -18,000,000 | -18,000,000 | -18,000,000 | -18,000,000 | -18,000,000 | -18,000,000 | -18,000,000 | -18,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
amortization of intangible assets | 44,247,000 | 47,545,000 | 44,423,000 | 44,399,000 | 43,788,000 | 43,418,000 | 45,523,000 | 46,049,000 | 41,989,000 | 39,268,000 | 39,729,000 | 39,553,000 | 39,039,000 | 44,664,000 | 37,754,000 | 37,858,000 | 35,975,000 | 35,695,000 | 36,300,000 | 40,668,000 | 29,671,000 | 27,795,000 | 29,641,000 | 28,823,000 | 27,308,000 | 18,654,000 | 18,026,000 | 16,770,000 | 17,059,000 | 17,010,000 | 17,204,000 | 17,260,000 | 18,444,000 | 18,914,000 | 16,949,000 | 14,640,000 | 16,635,000 | 13,505,000 | 13,488,000 | 13,999,000 | 17,468,000 | 16,848,000 | 11,292,000 | 9,615,000 | 8,434,000 | 7,959,000 | 8,315,000 | 8,804,000 | 6,023,000 | 5,555,000 | 6,008,000 | 3,903,000 | 3,856,000 | 3,958,000 | |||||||||
other comprehensive loss | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
change in net unrealized gains on available-for-sale investments, net of taxes: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net holding losses arising during the period | -40,278,750 | -187,330,000 | -315,959,750 | -424,929,000 | -476,518,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
reclassification adjustments for net losses included in net income | 6,567,000 | 22,869,000 | 405,000 | 2,994,000 | 190,000 | 203,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
change in net unrealized gains on available-for-sale investments, net of taxes | 441,750,000 | -164,461,000 | -134,586,000 | 164,200,000 | 151,402,000 | -424,338,000 | -361,131,000 | -476,081,000 | -88,452,000 | -104,014,000 | 51,992,000 | -214,464,000 | 54,846,000 | 61,087,000 | 171,276,000 | 65,564,000 | -31,896,000 | 48,518,000 | 129,270,000 | 152,085,000 | 67,097,000 | -80,429,000 | -104,036,000 | -116,108,000 | |||||||||||||||||||||||||||||||||||||||
total other comprehensive loss | -30,814,250 | -150,019,000 | -318,534,250 | -432,907,000 | -476,197,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
reclassification adjustments for net gains included in net income | 42,617,000 | 591,000 | 1,261,000 | 437,000 | -2,816,000 | 224,000 | -3,943,000 | -88,000 | 174,000 | -3,362,000 | -1,385,000 | 1,187,000 | 803,000 | -246,000 | 2,353,000 | 10,573,000 | -5,891,000 | 814,000 | -9,698,000 | -5,207,000 | -222,000 | -9,169,000 | -220,000 | -9,758,000 | -10,567,000 | -12,983,000 | -72,445,000 | 6,000,000 | -4,984,000 | -9,053,000 | -10,409,000 | -4,990,000 | -4,818,000 | -5,944,000 | -12,964,000 | -7,654,000 | -7,957,000 | -12,255,000 | -3,897,000 | -6,484,000 | -5,739,000 | -7,931,000 | -7,995,000 | -827,000 | -6,464,000 | -5,744,000 | -3,099,000 | -10,540,000 | |||||||||||||||
net investment gains: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net realized investment gains | 2,965,250 | 4,935,000 | -2,812,000 | 9,738,000 | 191,000 | 150,000 | -67,000 | 681,000 | -3,788,000 | -40,007,000 | 17,627,000 | 20,865,000 | -689,000 | 27,416,000 | 17,241,000 | 21,179,000 | 109,511,000 | -14,707,000 | 6,105,000 | 5,571,000 | 17,291,000 | 4,195,000 | 7,120,000 | 17,394,000 | 22,451,000 | 11,238,000 | 11,546,000 | 17,917,000 | 6,237,000 | 5,231,000 | 8,216,000 | 11,909,000 | 12,839,000 | 1,344,000 | 11,240,000 | 8,782,000 | -2,429,000 | 15,743,000 | |||||||||||||||||||||||||
change in fair value of equity securities | -60,689,250 | 534,367,000 | 914,055,000 | -1,691,179,000 | 533,980,000 | 31,994,000 | 425,720,000 | 611,510,000 | -843,032,000 | 426,571,000 | 112,891,000 | -122,052,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
loss on early extinguishment of debt | -24,291,000 | 6,705,000 | 44,100,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net loss attributable to noncontrolling interests | -130,000 | -1,317,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
comprehensive loss attributable to noncontrolling interests | -124,000 | -1,335,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income per share | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
basic | -18,900 | 48,820 | 59,440 | 49,800 | 12,110 | 38,980 | 66,400 | 18,660 | 75,560 | 56,460 | 3,150 | 50,200 | 37,330 | 48,740 | 3,510 | -69,190 | -6,580 | 62,530 | 15,120 | 57,120 | 42,090 | 59,430 | 31,070 | 65,810 | -100.6 | 36.33 | 13.97 | 36.1 | 42.81 | -53.84 | 28.56 | 20.01 | -4.25 | 30.41 | -18.82 | 10.34 | 3.91 | 9.14 | 5.62 | 5.44 | 11.21 | 14.23 | 7.43 | 6.76 | 13.57 | 8.1 | 5.33 | 2.67 | 6.28 | 7.19 | 4.69 | 2.24 | 9.53 | 6.24 | 5.33 | 8.44 | 5.94 | 5.5 | 3.12 | 0.85 | 6.49 | 2.13 | 4.34 |
diluted | -18,900 | 48,620 | 59,250 | 49,670 | 12,080 | 38,900 | 66,250 | 18,620 | 75,430 | 56,290 | 3,140 | 50,090 | 37,260 | 48,740 | 3,500 | -69,190 | -6,580 | 62,310 | 15,090 | 57,020 | 42,020 | 59,390 | 31,030 | 65,750 | -100.6 | 36.23 | 13.95 | 36.07 | 42.76 | -53.76 | 28.5 | 19.97 | -4.25 | 30.33 | -18.82 | 10.31 | 3.9 | 9.11 | 5.6 | 5.41 | 11.15 | 14.14 | 7.39 | 6.72 | 13.49 | 8.06 | 5.3 | 2.66 | 6.25 | 7.15 | 4.67 | 2.24 | 9.5 | 6.22 | 5.32 | 8.42 | 5.92 | 5.48 | 3.11 | 0.85 | 6.48 | 2.12 | 4.33 |
impairment of goodwill and intangible assets | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net foreign exchange losses | 21,864,000 | 22,114,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other-than-temporary impairment losses | -328,000 | -3,444,000 | -604,000 | -3,213,000 | -6,275,000 | -3,675,000 | -8,405,000 | -21,108,000 | -18,281,000 | -5,092,000 | -926,000 | -2,851,000 | -1,007,000 | -117,000 | -4,589,000 | -7,927,000 | -3,159,000 | -992,000 | -9,846,000 | -1,707,000 | -3,916,000 | -1,785,000 | |||||||||||||||||||||||||||||||||||||||||
net realized investment gains, excluding other-than-temporary impairment losses | -2,890,000 | -496,000 | -7,642,000 | -946,000 | -3,460,000 | -36,563,000 | 18,231,000 | 24,078,000 | 5,586,000 | 27,416,000 | 20,916,000 | 29,584,000 | 130,619,000 | 3,574,000 | 6,105,000 | 10,663,000 | 18,217,000 | 7,046,000 | 8,127,000 | 22,568,000 | 11,238,000 | 16,135,000 | 14,164,000 | 8,390,000 | 9,208,000 | 22,823,000 | 6,219,000 | 11,240,000 | 8,782,000 | 1,484,000 | 18,094,000 | ||||||||||||||||||||||||||||||||
other revenues | 396,467,250 | 518,244,000 | 628,193,000 | 439,432,000 | 432,562,000 | 341,804,000 | 330,993,000 | 307,916,000 | 352,440,000 | 336,475,000 | 312,841,000 | 306,023,000 | 269,607,000 | 306,736,000 | 250,357,000 | 260,058,000 | 253,283,000 | 249,988,000 | 194,083,000 | 186,171,000 | 206,262,000 | 174,512,000 | 157,425,000 | 172,743,000 | 153,506,000 | 165,569,000 | 108,373,000 | 111,836,000 | 91,847,000 | 91,370,000 | 77,144,000 | 48,565,000 | 36,771,000 | 40,439,000 | |||||||||||||||||||||||||||||
other expenses | 367,803,750 | 473,742,000 | 595,343,000 | 402,130,000 | 381,996,000 | 344,287,000 | 299,112,000 | 282,585,000 | 327,528,000 | 309,713,000 | 277,909,000 | 275,093,000 | 282,819,000 | 290,749,000 | 242,236,000 | 231,001,000 | 256,568,000 | 231,193,000 | 184,942,000 | 182,168,000 | 203,886,000 | 166,566,000 | 140,759,000 | 152,317,000 | 134,786,000 | 145,339,000 | 97,719,000 | 100,404,000 | 70,302,000 | 79,473,000 | 68,495,000 | 41,074,000 | 32,969,000 | 35,397,000 | |||||||||||||||||||||||||||||
net realized investment gains: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
change in net unrealized gains on investments, net of taxes: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
change in unrealized other-than-temporary impairment losses on fixed maturities arising during the period | 75,000 | -17,000 | 44,000 | -67,000 | 49,000 | -8,000 | -48,000 | 167,000 | 55,000 | 123,000 | 15,000 | -20,000 | -101,000 | -219,000 | -70,000 | 249,000 | |||||||||||||||||||||||||||||||||||||||||||||||
change in net unrealized gains on investments, net of taxes | 199,845,000 | 222,240,000 | 189,847,000 | 151,111,000 | -135,878,000 | 13,323,000 | 138,883,000 | 225,840,000 | -54,180,000 | -143,274,000 | -235,174,000 | 112,136,000 | 329,285,000 | -12,399,000 | 203,529,000 | 141,332,000 | 105,007,000 | 76,691,000 | -166,717,000 | 169,593,000 | 16,448,000 | 94,018,000 | -13,638,000 | 145,386,000 | -98,136,000 | 65,220,000 | 13,681,000 | 161,599,000 | -52,856,000 | 87,632,000 | |||||||||||||||||||||||||||||||||
other-than-temporary impairment losses recognized in other comprehensive income | -138,000 | -3,168,000 | 3,000 | -566,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other-than-temporary impairment losses recognized in net income | -7,927,000 | -3,159,000 | -992,000 | -9,984,000 | -4,875,000 | -3,913,000 | -2,351,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
unrealized other-than-temporary impairment losses on fixed maturities arising during the period | -34,000 | -128,000 | 130,000 | -138,000 | 189,000 | 1,644,000 | -176,000 | -295,000 | 170,000 | 731,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
change in currency translation adjustments, net of taxes | 129,000 | -2,259,000 | 4,219,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
less net income attributable to noncontrolling interests | 86,000 | 637,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
less comprehensive income attributable to noncontrolling interests | 41,000 | 868,000 |
Balance Sheets:
Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-09-30 | 2018-06-30 | 2018-03-31 | 2017-12-31 | 2017-09-30 | 2017-06-30 | 2017-03-31 | 2016-12-31 | 2016-09-30 | 2016-06-30 | 2016-03-31 | 2015-12-31 | 2015-09-30 | 2015-06-30 | 2015-03-31 | 2014-12-31 | 2014-09-30 | 2014-06-30 | 2014-03-31 | 2013-12-31 | 2013-09-30 | 2013-06-30 | 2013-03-31 | 2012-12-31 | 2012-09-30 | 2012-06-30 | 2012-03-31 | 2011-09-30 | 2011-06-30 | 2011-03-31 | 2010-09-30 | 2010-06-30 | 2010-03-31 | 2009-12-31 | 2009-09-30 | 2009-06-30 | 2009-03-31 | 2008-12-31 | 2008-09-30 | 2008-06-30 | 2008-03-31 | 2007-12-31 | 2007-09-30 | 2007-06-30 | 2007-03-31 | 2006-12-31 | 2006-09-30 | 2006-06-30 | 2006-03-31 | 2005-09-30 | 2005-06-30 | 2005-03-31 | 2004-12-31 | 2004-09-30 | 2004-06-30 | 2004-03-31 | 2003-09-30 | 2003-06-30 | 2003-03-31 | 2002-12-31 | 2002-09-30 | 2002-06-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
assets | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investments, at estimated fair value: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
fixed maturity securities, available-for-sale | 17,943,781,000 | 17,797,986,000 | 17,259,981,000 | 16,772,408,000 | 16,277,629,000 | 15,745,539,000 | 16,067,848,000 | 14,977,514,000 | 14,519,370,000 | 14,372,732,000 | 12,951,279,000 | 12,745,692,000 | 12,403,118,000 | 11,856,835,000 | 11,726,357,000 | 11,943,894,000 | 12,295,298,000 | 12,587,305,000 | 11,962,587,000 | 11,439,655,000 | 10,828,145,000 | 10,681,734,000 | 10,244,242,000 | 10,060,472,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
equity securities | 12,302,672,000 | 13,004,312,000 | 12,787,616,000 | 12,330,104,000 | 11,697,643,000 | 11,784,521,000 | 11,591,298,000 | 10,592,844,000 | 10,570,975,000 | 9,577,871,000 | 8,574,957,000 | 8,688,860,000 | 8,113,476,000 | 7,671,912,000 | 6,950,357,000 | 7,170,001,000 | 8,655,757,000 | 9,023,927,000 | 8,220,874,000 | 8,205,708,000 | 7,528,817,000 | 6,994,110,000 | 6,183,944,000 | 5,664,247,000 | 5,684,087,000 | 7,590,755,000 | 6,978,874,000 | 6,875,933,000 | 6,381,173,000 | 5,720,945,000 | 6,549,848,000 | 6,069,245,000 | 5,903,803,000 | 5,967,847,000 | 5,709,946,000 | 5,340,827,000 | 5,038,933,000 | 4,745,841,000 | 4,510,427,000 | 4,395,569,000 | 4,316,540,000 | 4,074,475,000 | 4,156,413,000 | 4,375,161,000 | 4,340,849,000 | 4,137,576,000 | 3,706,963,000 | 3,666,018,000 | 3,399,651,000 | 3,251,798,000 | 2,988,614,000 | 2,810,434,000 | 2,708,449,000 | 2,406,951,000 | 2,341,253,000 | 2,180,069,000 | 2,166,841,000 | 1,609,199,000 | 1,837,219,000 | 1,782,584,000 | 1,586,760,000 | 1,404,314,000 | 1,544,543,000 | 1,349,829,000 | 1,279,890,000 | 1,055,879,000 | 946,099,000 | 1,073,769,000 | 1,463,772,000 | 1,450,017,000 | 1,726,721,000 | 1,854,062,000 | 1,858,539,000 | 1,816,027,000 | 1,749,141,000 | 1,766,273,000 | 1,539,774,000 | 1,428,819,000 | 1,455,837,000 | 1,385,368,000 | 1,355,608,000 | 1,308,549,000 | 1,338,526,000 | 1,088,883,000 | 1,068,056,000 | 1,055,145,000 | 805,068,000 | 729,238,000 | 563,327,000 | 550,909,000 | 514,356,000 | 541,574,000 |
short-term investments, available-for-sale | 2,026,147,000 | 2,033,662,000 | 2,115,757,000 | 1,894,524,000 | 2,099,033,000 | 2,524,910,000 | 2,355,738,000 | 2,787,758,000 | 2,617,642,000 | 2,571,382,000 | 2,252,726,000 | 2,039,061,000 | 2,487,501,000 | 2,669,262,000 | 2,424,844,000 | 2,055,534,000 | 2,093,215,000 | 1,799,988,000 | 2,757,798,000 | 3,263,073,000 | 2,736,982,000 | 2,034,099,000 | 1,897,459,000 | 929,272,000 | 250,872,000 | 1,196,248,000 | 1,545,393,000 | 1,383,572,000 | 754,288,000 | 1,077,696,000 | 1,918,691,000 | 1,947,585,000 | 2,037,238,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total investments | 32,272,600,000 | 32,835,960,000 | 32,163,354,000 | 30,997,036,000 | 30,074,305,000 | 30,054,970,000 | 30,014,884,000 | 28,358,116,000 | 27,707,987,000 | 26,521,985,000 | 23,778,962,000 | 23,473,613,000 | 23,004,095,000 | 22,198,009,000 | 21,101,558,000 | 21,169,429,000 | 23,044,270,000 | 23,411,220,000 | 22,941,259,000 | 22,908,436,000 | 21,093,944,000 | 19,709,943,000 | 18,325,645,000 | 16,653,991,000 | 16,058,574,000 | 18,757,912,000 | 18,728,292,000 | 18,518,145,000 | 17,297,880,000 | 16,841,829,000 | 18,420,592,000 | 18,150,903,000 | 17,845,116,000 | 18,069,491,000 | 17,624,854,000 | 17,098,735,000 | 17,223,487,000 | 16,973,502,000 | 16,818,219,000 | 16,790,689,000 | 15,793,338,000 | 15,111,204,000 | 15,834,347,000 | 16,083,574,000 | 16,044,535,000 | 16,155,307,000 | 15,868,301,000 | 15,708,850,000 | 14,984,619,000 | 14,846,622,000 | 14,461,010,000 | 14,484,594,000 | 8,898,592,000 | 8,359,564,000 | 8,350,844,000 | 7,972,314,000 | 8,138,199,000 | 7,677,539,000 | 7,917,401,000 | 7,611,137,000 | 7,422,215,000 | 7,192,988,000 | 7,337,699,000 | 6,998,179,000 | 6,932,976,000 | 6,630,885,000 | 6,239,636,000 | 6,268,878,000 | 6,637,436,000 | 6,813,845,000 | 7,122,257,000 | 7,310,545,000 | 7,348,939,000 | 7,240,000,000 | 7,038,904,000 | 6,980,180,000 | 6,762,472,000 | 6,278,322,000 | 6,218,167,000 | |||||||||||||
cash and cash equivalents | 3,680,461,000 | 3,964,705,000 | 4,049,174,000 | 3,720,202,000 | 4,193,675,000 | 3,692,667,000 | 3,873,041,000 | 3,510,558,000 | 3,627,142,000 | 3,747,060,000 | 4,354,858,000 | 4,305,884,000 | 4,031,952,000 | 4,137,432,000 | 3,540,690,000 | 3,698,854,000 | 3,891,080,000 | 3,978,490,000 | 3,938,626,000 | 3,679,433,000 | 3,882,379,000 | 4,341,736,000 | 4,593,025,000 | 4,833,689,000 | 3,834,664,000 | 3,072,807,000 | 2,715,455,000 | 2,220,793,000 | 2,415,421,000 | 2,014,168,000 | 2,347,040,000 | 1,945,370,000 | 2,048,976,000 | 2,198,459,000 | 2,076,266,000 | 2,315,212,000 | 1,852,735,000 | 1,738,747,000 | 2,156,398,000 | 2,007,938,000 | 2,284,165,000 | 2,630,009,000 | 2,261,201,000 | 1,852,944,000 | 1,958,087,000 | 1,960,169,000 | 1,765,591,000 | 1,944,134,000 | 2,151,420,000 | 1,978,526,000 | 2,115,322,000 | 1,702,622,000 | 899,075,000 | 973,181,000 | 834,828,000 | 837,208,000 | 691,797,000 | 920,193,000 | 767,954,000 | 649,947,000 | 817,954,000 | 686,675,000 | 637,672,000 | 850,494,000 | 1,038,411,000 | 686,136,000 | 646,975,000 | 639,578,000 | 588,459,000 | 682,149,000 | 612,056,000 | 477,661,000 | 383,626,000 | 403,415,000 | 402,982,000 | 555,115,000 | 403,817,000 | 333,607,000 | 288,418,000 | 377,335,000 | 391,725,000 | 332,405,000 | 378,939,000 | 356,623,000 | 367,667,000 | 265,522,000 | 370,434,000 | 349,307,000 | 245,776,000 | 444,236,000 | 415,605,000 | 424,965,000 |
restricted cash and cash equivalents | 500,817,000 | 638,597,000 | 567,729,000 | 574,891,000 | 481,267,000 | 499,581,000 | 753,476,000 | 705,444,000 | 649,598,000 | 584,974,000 | 690,004,000 | 935,045,000 | 972,901,000 | 1,084,081,000 | 1,255,178,000 | 1,212,463,000 | 1,316,503,000 | 902,457,000 | 568,385,000 | 672,385,000 | 615,525,000 | 874,913,000 | 669,528,000 | 793,683,000 | 623,660,000 | 427,546,000 | 484,314,000 | 420,673,000 | 348,984,000 | 382,264,000 | 279,902,000 | 299,026,000 | 392,676,000 | 302,387,000 | 279,399,000 | 271,031,000 | 261,956,000 | 346,417,000 | 383,971,000 | 353,900,000 | 454,467,000 | 440,132,000 | 371,794,000 | 522,171,000 | 550,610,000 | 522,225,000 | 583,291,000 | 582,624,000 | 634,029,000 | 786,926,000 | 600,171,000 | 396,416,000 | ||||||||||||||||||||||||||||||||||||||||
receivables | 3,808,338,000 | 3,964,598,000 | 4,268,847,000 | 4,551,187,000 | 4,282,558,000 | 3,626,799,000 | 3,909,404,000 | 4,227,835,000 | 3,608,947,000 | 3,455,306,000 | 3,557,500,000 | 3,695,172,000 | 3,192,078,000 | 2,961,056,000 | 2,956,686,000 | 3,128,706,000 | 2,686,731,000 | 2,413,938,000 | 2,320,987,000 | 2,627,218,000 | 2,254,424,000 | 1,930,211,000 | 2,004,080,000 | 2,362,789,000 | 2,088,579,000 | 1,847,802,000 | 1,930,394,000 | 2,191,947,000 | 1,959,137,000 | 1,692,526,000 | 1,817,637,000 | 1,944,751,000 | 1,749,025,000 | 1,567,453,000 | 1,588,636,000 | 1,589,444,000 | 1,429,602,000 | 1,241,649,000 | 1,312,685,000 | 1,427,092,000 | 1,405,210,000 | 1,113,703,000 | 1,249,429,000 | 1,329,743,000 | 1,193,405,000 | 1,135,217,000 | 1,289,010,000 | 1,516,554,000 | 1,403,644,000 | 1,141,773,000 | 1,253,781,000 | 1,416,165,000 | 511,073,000 | 413,883,000 | 446,773,000 | 476,462,000 | 459,978,000 | 364,483,000 | 422,667,000 | 388,244,000 | 340,107,000 | 332,587,000 | 303,735,000 | 279,879,000 | 288,851,000 | 324,154,000 | 299,230,000 | 271,067,000 | 337,532,000 | 361,152,000 | 335,153,000 | 296,295,000 | 348,844,000 | 363,777,000 | 372,307,000 | 322,982,000 | 353,176,000 | 386,959,000 | 354,259,000 | 385,951,000 | 404,717,000 | 400,041,000 | 416,086,000 | 464,458,000 | 510,154,000 | 507,324,000 | 442,168,000 | 465,218,000 | 437,211,000 | 408,542,000 | 328,296,000 | 226,395,000 |
reinsurance recoverables | 15,195,825,000 | 14,616,279,000 | 12,989,511,000 | 12,789,658,000 | 12,617,479,000 | 11,604,844,000 | 10,746,213,000 | 9,756,660,000 | 9,575,066,000 | 9,235,501,000 | 8,534,919,000 | 8,296,043,000 | 8,585,580,000 | 8,446,745,000 | 8,258,499,000 | 7,315,657,000 | 7,191,433,000 | 7,293,555,000 | 6,944,636,000 | 6,484,269,000 | 6,188,894,000 | 5,989,337,000 | 5,665,838,000 | 5,472,349,000 | 5,439,942,000 | 5,432,712,000 | 5,372,156,000 | 5,372,769,000 | 5,292,335,000 | 5,221,947,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred policy acquisition costs | 857,246,000 | 909,516,000 | 984,401,000 | 975,399,000 | 960,668,000 | 875,710,000 | 967,670,000 | 1,001,435,000 | 961,819,000 | 931,344,000 | 985,947,000 | 1,013,304,000 | 994,365,000 | 925,483,000 | 946,064,000 | 954,521,000 | 899,358,000 | 765,915,000 | 772,127,000 | 766,736,000 | 722,865,000 | 630,794,000 | 638,134,000 | 637,760,000 | 630,600,000 | 566,042,000 | 570,323,000 | 554,233,000 | 541,012,000 | 474,513,000 | 518,853,000 | 508,214,000 | 513,814,000 | 465,569,000 | 506,294,000 | 489,836,000 | 470,788,000 | 392,410,000 | 409,195,000 | 415,700,000 | 400,052,000 | 352,756,000 | 379,767,000 | 380,808,000 | 369,632,000 | 353,410,000 | 375,618,000 | 388,784,000 | 334,593,000 | 260,967,000 | 260,230,000 | 225,492,000 | 178,682,000 | 157,465,000 | 167,185,000 | 174,274,000 | 181,686,000 | 206,534,000 | 203,940,000 | 199,921,000 | 179,413,000 | 172,479,000 | 165,976,000 | 156,797,000 | 169,478,000 | 172,164,000 | 177,979,000 | 183,755,000 | 207,337,000 | 212,913,000 | 206,175,000 | 202,291,000 | 219,432,000 | 223,111,000 | 220,702,000 | 218,392,000 | 230,569,000 | 230,408,000 | 219,272,000 | 215,734,000 | 208,256,000 | 199,729,000 | 204,579,000 | 211,887,000 | 207,613,000 | 207,221,000 | 190,573,000 | 176,907,000 | 161,126,000 | 150,547,000 | 162,694,000 | 165,315,000 |
prepaid reinsurance premiums | 3,273,077,000 | 3,073,999,000 | 3,704,576,000 | 4,564,408,000 | 3,334,253,000 | 2,947,213,000 | 3,413,314,000 | 3,672,976,000 | 2,783,613,000 | 2,365,243,000 | 2,707,925,000 | 2,486,203,000 | 2,162,117,000 | 2,066,114,000 | 2,285,959,000 | 2,123,256,000 | 1,940,719,000 | 1,798,571,000 | 1,920,184,000 | 1,708,240,000 | 1,477,997,000 | 1,451,858,000 | 1,457,580,000 | 1,378,802,000 | 1,260,009,000 | 1,415,857,000 | 1,508,853,000 | 1,459,272,000 | 1,334,442,000 | 1,331,022,000 | 1,361,044,000 | 1,266,916,000 | 1,166,692,000 | 1,099,757,000 | 352,676,000 | 344,639,000 | 332,385,000 | 299,923,000 | 354,186,000 | 362,865,000 | 343,107,000 | 322,362,000 | 367,626,000 | 375,965,000 | 365,496,000 | 365,458,000 | 404,710,000 | 415,129,000 | 379,621,000 | 383,559,000 | 437,435,000 | 426,514,000 | 114,175,000 | 110,332,000 | 114,354,000 | 112,399,000 | 101,149,000 | 102,138,000 | 95,082,000 | 88,190,000 | 80,253,000 | 72,057,000 | 67,288,000 | 68,307,000 | 77,350,000 | 77,293,000 | 78,455,000 | 86,534,000 | 104,446,000 | 114,054,000 | 109,317,000 | 114,711,000 | 132,841,000 | 119,678,000 | 117,068,000 | 117,889,000 | 127,961,000 | 131,311,000 | 129,963,000 | 138,335,000 | 142,875,000 | 156,450,000 | 171,955,000 | 182,589,000 | 190,176,000 | 204,333,000 | 228,523,000 | 227,739,000 | 233,420,000 | 219,665,000 | 255,263,000 | 221,466,000 |
goodwill | 2,836,492,000 | 2,822,091,000 | 2,820,761,000 | 2,826,530,000 | 2,772,105,000 | 2,735,867,000 | 2,739,770,000 | 2,738,147,000 | 2,626,258,000 | 2,624,749,000 | 2,623,451,000 | 2,626,588,000 | 2,642,877,000 | 2,638,838,000 | 2,797,426,000 | 2,769,729,000 | 2,773,587,000 | 2,899,140,000 | 2,695,164,000 | 2,606,138,000 | 2,604,820,000 | 2,604,624,000 | 2,604,575,000 | 2,606,507,000 | 2,309,576,000 | 2,308,548,000 | 2,187,585,000 | 2,189,367,000 | 2,215,818,000 | 2,237,975,000 | 1,783,784,000 | 1,784,667,000 | 1,789,035,000 | 1,777,464,000 | 1,425,789,000 | 1,216,403,000 | 1,142,535,000 | 1,142,248,000 | 1,165,892,000 | 1,167,861,000 | 1,171,809,000 | 1,167,844,000 | 1,043,713,000 | 1,044,232,000 | 1,039,911,000 | 1,049,115,000 | 1,067,457,000 | 1,022,315,000 | 1,019,770,000 | 967,717,000 | 1,008,205,000 | 1,041,900,000 | 330,330,000 | 339,717,000 | 339,717,000 | 339,717,000 | 339,717,000 | 339,717,000 | 339,717,000 | 339,717,000 | 339,717,000 | |||||||||||||||||||||||||||||||
intangible assets | 1,498,534,000 | 1,543,002,000 | 1,566,955,000 | 1,617,193,000 | 1,635,277,000 | 1,459,620,000 | 1,507,581,000 | 1,552,843,000 | 1,545,709,000 | 1,588,684,000 | 1,633,188,000 | 1,677,621,000 | 1,706,206,000 | 1,747,464,000 | 1,686,212,000 | 1,729,174,000 | 1,773,784,000 | 1,822,486,000 | 1,719,609,000 | 1,696,748,000 | 1,736,148,000 | 1,782,718,000 | 1,820,453,000 | 1,865,666,000 | 1,692,248,000 | 1,738,474,000 | 1,659,129,000 | 1,695,588,000 | 1,712,618,000 | 1,726,196,000 | 1,241,108,000 | 1,269,520,000 | 1,317,828,000 | 1,355,681,000 | 990,008,000 | 806,585,000 | 711,999,000 | 722,542,000 | 733,415,000 | 753,191,000 | 775,254,000 | 792,372,000 | 652,667,000 | 669,664,000 | 680,357,000 | 702,747,000 | 727,456,000 | 677,877,000 | 687,982,000 | 565,083,000 | 560,836,000 | 576,688,000 | 342,617,000 | 357,317,000 | 357,317,000 | 357,317,000 | 357,317,000 | 358,815,000 | 361,444,000 | 364,073,000 | 366,702,000 | |||||||||||||||||||||||||||||||
other assets | 4,678,967,000 | 4,536,303,000 | 4,276,254,000 | 4,174,673,000 | 4,247,468,000 | 4,400,711,000 | 4,357,885,000 | 4,185,607,000 | 4,200,246,000 | 3,990,864,000 | 3,881,962,000 | 3,674,660,000 | 3,650,090,000 | 3,586,037,000 | 3,593,083,000 | 3,844,984,000 | 3,467,792,000 | 3,163,094,000 | 2,875,459,000 | 2,491,910,000 | 2,466,033,000 | 2,393,920,000 | 2,391,161,000 | 2,462,390,000 | 2,110,935,000 | 1,906,115,000 | 1,879,695,000 | 1,798,797,000 | 1,619,079,000 | 1,383,823,000 | 1,214,710,000 | 1,247,756,000 | 1,283,791,000 | 1,223,365,000 | 1,136,448,000 | 1,010,676,000 | 965,435,000 | 946,024,000 | 965,502,000 | 959,765,000 | 932,860,000 | 944,101,000 | 961,884,000 | 1,000,249,000 | 987,566,000 | 985,834,000 | 994,398,000 | 921,321,000 | 909,170,000 | 1,067,922,000 | 1,096,285,000 | 1,210,995,000 | 666,977,000 | 663,019,000 | 680,511,000 | 592,697,000 | 486,234,000 | 483,361,000 | 435,865,000 | 455,216,000 | 324,161,000 | 430,508,000 | 406,927,000 | 433,262,000 | 360,576,000 | 451,274,000 | 559,208,000 | 585,099,000 | 494,624,000 | 361,891,000 | 276,031,000 | 236,781,000 | 243,512,000 | 258,274,000 | 232,273,000 | 191,400,000 | 281,306,000 | 363,133,000 | 315,540,000 | 293,756,000 | 213,802,000 | 303,784,000 | 192,480,000 | 243,204,000 | 236,194,000 | 208,307,000 | 197,653,000 | 191,096,000 | 249,596,000 | 223,331,000 | 216,883,000 | 220,504,000 |
total assets | 68,602,357,000 | 68,905,050,000 | 67,391,562,000 | 66,791,177,000 | 64,599,055,000 | 61,897,982,000 | 62,283,238,000 | 59,709,621,000 | 57,286,385,000 | 55,045,710,000 | 52,748,716,000 | 52,184,133,000 | 50,942,261,000 | 49,791,259,000 | 48,421,355,000 | 47,946,773,000 | 48,985,257,000 | 48,448,866,000 | 46,696,436,000 | 45,641,513,000 | 43,043,029,000 | 41,710,054,000 | 40,170,019,000 | 39,067,626,000 | 36,048,787,000 | 37,473,815,000 | 37,036,196,000 | 36,421,584,000 | 34,736,726,000 | 33,306,263,000 | 33,958,305,000 | 33,247,031,000 | 32,866,471,000 | 32,805,016,000 | 28,519,411,000 | 27,203,341,000 | 26,400,679,000 | 25,875,299,000 | 26,403,645,000 | 26,335,628,000 | 25,685,230,000 | 24,941,271,000 | 25,181,573,000 | 25,366,140,000 | 25,253,389,000 | 25,200,357,000 | 25,076,435,000 | 25,166,274,000 | 24,452,992,000 | 23,955,511,000 | 23,808,577,000 | 23,499,980,000 | 13,117,991,000 | 12,556,588,000 | 12,383,417,000 | 11,965,233,000 | 11,859,284,000 | 11,371,754,000 | 11,464,537,000 | 11,041,536,000 | 10,581,122,000 | 10,324,461,000 | 10,339,951,000 | 10,241,896,000 | 10,201,653,000 | 9,711,499,000 | 9,395,753,000 | 9,477,690,000 | 9,931,115,000 | 10,043,763,000 | 10,155,623,000 | 10,134,419,000 | 10,229,608,000 | 10,197,182,000 | 9,969,557,000 | 10,088,131,000 | 9,982,296,000 | 9,686,223,000 | 9,725,286,000 | 9,901,010,000 | 9,272,419,000 | 9,232,235,000 | 9,397,586,000 | 9,094,503,000 | 8,682,464,000 | 8,753,729,000 | 8,061,412,000 | 7,876,613,000 | 7,504,808,000 | 7,408,560,000 | 7,022,361,000 | 6,783,836,000 |
liabilities and equity | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
unpaid losses and loss adjustment expenses | 31,370,536,000 | 30,857,453,000 | 29,137,969,000 | 28,515,391,000 | 27,888,257,000 | 26,633,094,000 | 25,877,478,000 | 24,646,618,000 | 24,144,955,000 | 23,483,321,000 | 22,144,366,000 | 21,374,813,000 | 21,306,793,000 | 20,947,898,000 | 20,194,374,000 | 19,062,760,000 | 18,843,130,000 | 18,178,894,000 | 17,611,199,000 | 16,999,816,000 | 16,600,500,000 | 16,222,376,000 | 15,723,231,000 | 15,245,505,000 | 15,038,812,000 | 14,728,676,000 | 14,437,816,000 | 14,335,783,000 | 14,332,665,000 | 14,276,479,000 | 13,888,489,000 | 13,628,941,000 | 13,641,937,000 | 13,584,281,000 | 11,443,148,000 | 10,312,695,000 | 10,139,678,000 | 10,115,662,000 | 10,258,290,000 | 10,199,899,000 | 10,257,506,000 | 10,251,953,000 | 10,388,209,000 | 10,478,575,000 | 10,280,037,000 | 10,404,152,000 | 10,509,797,000 | 10,573,729,000 | 10,369,020,000 | 10,262,056,000 | 10,172,692,000 | 10,012,140,000 | 5,286,068,000 | 5,371,426,000 | 5,306,045,000 | 5,273,275,000 | 5,357,151,000 | 5,463,082,000 | 5,505,657,000 | 5,477,591,000 | 5,358,819,000 | 5,327,268,000 | 5,368,766,000 | 5,427,096,000 | 5,496,489,000 | 5,524,183,000 | 5,432,814,000 | 5,492,339,000 | 5,789,273,000 | 5,652,584,000 | 5,583,239,000 | 5,525,573,000 | 5,611,043,000 | 5,579,728,000 | 5,520,322,000 | 5,583,879,000 | 5,627,095,000 | 5,692,539,000 | 5,775,510,000 | 6,047,831,000 | 5,301,515,000 | 5,388,173,000 | 5,482,367,000 | 5,347,851,000 | 5,125,017,000 | 5,085,483,000 | 4,647,026,000 | 4,467,216,000 | 4,387,646,000 | 4,366,803,000 | 4,055,529,000 | 3,872,587,000 |
unearned premiums | 7,234,917,000 | 7,253,079,000 | 8,233,797,000 | 9,073,434,000 | 7,691,743,000 | 7,063,956,000 | 7,887,057,000 | 8,243,981,000 | 7,153,997,000 | 6,642,426,000 | 7,196,808,000 | 7,072,182,000 | 6,570,373,000 | 6,220,748,000 | 6,514,980,000 | 6,336,362,000 | 5,923,624,000 | 5,383,619,000 | 5,511,392,000 | 5,261,649,000 | 4,838,032,000 | 4,433,245,000 | 4,509,811,000 | 4,413,789,000 | 4,190,216,000 | 4,057,727,000 | 4,224,074,000 | 4,116,051,000 | 3,892,388,000 | 3,611,028,000 | 3,816,249,000 | 3,695,040,000 | 3,574,496,000 | 3,308,779,000 | 2,750,243,000 | 2,712,597,000 | 2,576,636,000 | 2,263,838,000 | 2,474,277,000 | 2,529,540,000 | 2,417,925,000 | 2,166,105,000 | 2,377,904,000 | 2,413,217,000 | 2,316,508,000 | 2,245,690,000 | 2,455,709,000 | 2,563,405,000 | 2,364,784,000 | 2,127,115,000 | 2,307,266,000 | 2,332,267,000 | 1,094,312,000 | 1,000,261,000 | 1,053,135,000 | 1,036,444,000 | 975,832,000 | 969,628,000 | 956,195,000 | 908,406,000 | 833,775,000 | 785,009,000 | 745,869,000 | 717,728,000 | 792,348,000 | 811,603,000 | 797,645,000 | 827,888,000 | 937,965,000 | 979,671,000 | 943,686,000 | 940,309,000 | 1,046,023,000 | 1,051,593,000 | 1,021,319,000 | 1,007,801,000 | 1,075,003,000 | 1,090,121,000 | 1,038,283,000 | 1,019,867,000 | 999,409,000 | 996,219,000 | 1,026,296,000 | 1,069,305,000 | 1,072,285,000 | 1,087,772,000 | 1,079,790,000 | 1,029,834,000 | 992,468,000 | 937,364,000 | 994,299,000 | 969,609,000 |
payables to insurance and reinsurance companies | 1,615,785,000 | 1,667,871,000 | 1,799,672,000 | 1,723,784,000 | 1,842,984,000 | 1,434,901,000 | 1,448,951,000 | 1,418,983,000 | 1,237,996,000 | 1,037,722,000 | 924,602,000 | 972,194,000 | 800,371,000 | 669,742,000 | 685,294,000 | 703,481,000 | 634,089,000 | 616,665,000 | 579,905,000 | 671,820,000 | 561,155,000 | 493,470,000 | 416,988,000 | 447,970,000 | 280,405,000 | 406,720,000 | 408,508,000 | 485,570,000 | 368,389,000 | 337,326,000 | 453,132,000 | 422,423,000 | 382,263,000 | 324,304,000 | 230,041,000 | 259,801,000 | 242,333,000 | 231,327,000 | 256,793,000 | 260,599,000 | 298,261,000 | 224,921,000 | 318,078,000 | 316,477,000 | 286,102,000 | 276,122,000 | 359,524,000 | 371,286,000 | 355,032,000 | 295,496,000 | 385,734,000 | 422,731,000 | ||||||||||||||||||||||||||||||||||||||||
senior long-term debt and other debt | 4,382,845,000 | 4,303,811,000 | 4,284,763,000 | 4,364,232,000 | 4,390,589,000 | 4,330,341,000 | 4,356,054,000 | 4,399,876,000 | 3,855,494,000 | 3,779,796,000 | 3,769,248,000 | 3,813,917,000 | 3,896,766,000 | 4,103,629,000 | 4,131,165,000 | 4,502,237,000 | 4,428,692,000 | 4,361,266,000 | 4,268,290,000 | 4,160,175,000 | 3,564,949,000 | 3,484,023,000 | 3,498,311,000 | 3,606,109,000 | 3,593,954,000 | 3,534,183,000 | 3,896,962,000 | 3,625,744,000 | 3,058,968,000 | 3,009,577,000 | 2,993,243,000 | 3,024,306,000 | 3,048,096,000 | 3,099,230,000 | 2,471,419,000 | 2,485,671,000 | 2,581,605,000 | 2,574,529,000 | 2,589,350,000 | 2,602,432,000 | 2,299,756,000 | 2,241,427,000 | 2,240,517,000 | 2,246,875,000 | 2,249,554,000 | 2,253,594,000 | 2,273,795,000 | 2,258,522,000 | 2,255,824,000 | 2,256,227,000 | 2,250,479,000 | 2,249,819,000 | 1,732,250,000 | 1,492,550,000 | 1,510,598,000 | 1,309,530,000 | 1,305,573,000 | 1,271,810,000 | 1,268,444,000 | 1,027,711,000 | 996,663,000 | 1,003,576,000 | 996,386,000 | 963,648,000 | ||||||||||||||||||||||||||||
other liabilities | 5,348,174,000 | 5,720,647,000 | 4,741,022,000 | 4,634,354,000 | 4,453,408,000 | 4,383,444,000 | 4,427,425,000 | 3,980,342,000 | 3,959,161,000 | 3,927,498,000 | 3,590,807,000 | 3,603,932,000 | 3,417,906,000 | 3,438,738,000 | 3,290,291,000 | 3,301,497,000 | 3,744,465,000 | 3,826,156,000 | 3,527,555,000 | 3,346,104,000 | 3,080,928,000 | 2,946,631,000 | 2,838,807,000 | 2,729,931,000 | 2,082,168,000 | 2,504,802,000 | 2,247,179,000 | 2,261,343,000 | 2,106,331,000 | 1,796,036,000 | 1,839,603,000 | 1,809,448,000 | 1,649,372,000 | 1,748,460,000 | 1,455,459,000 | 1,332,072,000 | 1,082,917,000 | 1,099,200,000 | 1,064,328,000 | 1,078,708,000 | 947,619,000 | 1,030,023,000 | 942,873,000 | 944,368,000 | 999,542,000 | 1,051,931,000 | 878,110,000 | 744,811,000 | 663,625,000 | 777,850,000 | 675,580,000 | 625,487,000 | 640,034,000 | 613,897,000 | 519,903,000 | 463,222,000 | 416,847,000 | 305,741,000 | 296,617,000 | 276,910,000 | 245,076,000 | 275,328,000 | 235,920,000 | 294,857,000 | 212,502,000 | 224,803,000 | 179,401,000 | 245,881,000 | 243,958,000 | 257,250,000 | 274,631,000 | 306,887,000 | 262,079,000 | 304,789,000 | 211,982,000 | 282,821,000 | 263,013,000 | 230,914,000 | 236,773,000 | 229,734,000 | 279,684,000 | 264,369,000 | 287,707,000 | 223,153,000 | 183,445,000 | 197,212,000 | 177,003,000 | 199,187,000 | 150,962,000 | 182,598,000 | 166,721,000 | 139,292,000 |
total liabilities | 49,952,257,000 | 49,802,861,000 | 48,796,196,000 | 48,923,054,000 | 46,854,574,000 | 44,429,009,000 | 44,620,410,000 | 43,284,549,000 | 40,968,869,000 | 39,519,817,000 | 38,226,087,000 | 37,480,610,000 | 36,661,057,000 | 36,139,780,000 | 35,549,593,000 | 34,684,063,000 | 34,398,174,000 | 33,269,580,000 | 32,424,299,000 | 31,415,063,000 | 29,623,211,000 | 28,649,731,000 | 28,021,241,000 | 27,442,725,000 | 26,161,040,000 | 26,217,837,000 | 26,235,724,000 | 25,857,206,000 | 24,770,378,000 | 24,031,899,000 | 24,019,412,000 | 23,613,619,000 | 23,389,601,000 | 23,137,166,000 | 19,459,257,000 | 18,164,134,000 | 17,661,494,000 | 17,334,210,000 | 17,798,710,000 | 17,823,854,000 | 17,370,999,000 | 17,037,704,000 | 17,427,482,000 | 17,564,372,000 | 17,320,883,000 | 17,537,307,000 | 17,835,817,000 | 17,959,136,000 | 17,491,891,000 | 17,205,318,000 | 17,274,749,000 | 17,099,273,000 | 8,887,069,000 | 8,581,346,000 | 8,489,760,000 | 8,222,329,000 | 8,183,316,000 | 8,093,662,000 | 8,116,458,000 | 7,778,467,000 | 7,506,962,000 | 7,458,018,000 | 7,417,492,000 | 7,450,182,000 | 7,508,838,000 | 7,359,074,000 | 7,215,673,000 | 7,297,016,000 | 7,618,434,000 | 7,554,678,000 | 7,540,842,000 | 7,493,257,000 | 7,667,600,000 | 7,747,782,000 | 7,596,503,000 | 7,791,738,000 | 8,006,903,000 | 7,948,124,000 | 8,019,545,000 | 8,305,693,000 | 7,521,116,000 | 7,603,963,000 | 7,741,083,000 | 7,588,553,000 | 7,250,301,000 | 7,279,028,000 | 6,759,367,000 | 6,547,358,000 | 6,326,811,000 | 6,249,449,000 | 5,887,255,000 | 5,656,257,000 |
redeemable noncontrolling interests | 519,752,000 | 506,064,000 | 536,045,000 | 531,339,000 | 579,739,000 | 540,034,000 | 515,493,000 | 476,518,000 | 499,993,000 | 469,685,000 | 467,386,000 | 464,442,000 | 491,883,000 | 523,154,000 | 513,043,000 | 495,378,000 | 480,351,000 | 461,378,000 | 231,912,000 | 228,401,000 | 234,654,000 | 245,642,000 | 241,020,000 | 214,653,000 | 155,417,000 | 177,562,000 | 165,602,000 | 151,297,000 | 148,002,000 | 174,062,000 | 158,739,000 | 155,998,000 | 155,720,000 | 166,269,000 | 153,310,000 | 86,691,000 | 87,935,000 | 73,678,000 | 70,660,000 | 66,201,000 | 67,668,000 | 62,958,000 | 50,584,000 | 51,892,000 | 55,108,000 | 61,048,000 | 57,249,000 | 55,484,000 | 52,915,000 | 72,183,000 | 71,488,000 | 74,858,000 | 74,501,000 | 86,225,000 | 87,738,000 | 87,613,000 | ||||||||||||||||||||||||||||||||||||
commitments and contingencies | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
shareholders' equity: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock | 3,707,179,000 | 3,672,381,000 | 3,666,946,000 | 3,659,041,000 | 3,582,932,000 | 3,560,633,000 | 3,552,800,000 | 3,546,661,000 | 3,547,912,000 | 3,517,146,000 | 3,519,534,000 | 3,515,362,000 | 3,506,972,000 | 3,493,893,000 | 3,482,828,000 | 3,478,153,000 | 3,469,449,000 | 3,441,079,000 | 3,455,129,000 | 3,451,968,000 | 3,447,614,000 | 3,428,340,000 | 3,425,247,000 | 3,421,845,000 | 3,419,528,000 | 3,404,919,000 | 3,402,934,000 | 3,400,964,000 | 3,395,940,000 | 3,392,993,000 | 3,392,322,000 | 3,387,121,000 | 3,383,668,000 | 3,381,834,000 | 3,379,156,000 | 3,376,230,000 | 3,376,037,000 | 3,368,666,000 | 3,365,750,000 | 3,360,830,000 | 3,354,617,000 | 3,342,357,000 | 3,335,208,000 | 3,327,489,000 | 3,320,323,000 | 3,308,395,000 | 3,302,868,000 | 3,297,462,000 | 3,302,301,000 | 3,288,863,000 | 3,277,488,000 | 3,269,355,000 | 911,330,000 | 908,980,000 | 905,841,000 | 904,047,000 | 902,441,000 | 890,393,000 | 888,616,000 | 886,574,000 | 872,452,000 | 871,887,000 | 872,587,000 | 872,876,000 | 872,153,000 | 871,622,000 | 871,146,000 | 869,744,000 | 870,528,000 | 869,778,000 | 868,772,000 | 866,362,000 | 865,834,000 | 864,774,000 | 858,620,000 | 854,561,000 | 745,485,000 | 745,178,000 | 744,596,000 | 743,272,000 | 742,937,000 | 742,602,000 | 742,288,000 | 741,978,000 | 738,024,000 | 737,784,000 | 737,044,000 | 736,531,000 | 736,451,000 | 736,246,000 | 736,238,000 | 736,088,000 |
retained earnings | 14,662,404,000 | 15,034,835,000 | 14,512,739,000 | 13,839,880,000 | 13,364,810,000 | 13,380,456,000 | 13,063,403,000 | 12,329,827,000 | 12,184,925,000 | 11,353,101,000 | 10,778,567,000 | 10,818,989,000 | 10,255,401,000 | 9,836,827,000 | 9,255,658,000 | 9,289,820,000 | 10,278,405,000 | 10,424,461,000 | 9,650,355,000 | 9,503,889,000 | 8,754,760,000 | 8,195,182,000 | 7,377,095,000 | 6,948,466,000 | 6,039,474,000 | 7,457,176,000 | 6,988,888,000 | 6,808,201,000 | 6,338,874,000 | 5,782,310,000 | 6,576,562,000 | 6,184,299,000 | 5,927,739,000 | 3,776,743,000 | 3,378,524,000 | 3,666,246,000 | 3,557,927,000 | 3,526,395,000 | 3,433,891,000 | 3,355,262,000 | 3,293,367,000 | 3,137,285,000 | 2,942,606,000 | 2,843,303,000 | 2,753,963,000 | 2,581,866,000 | 2,468,744,000 | 2,402,713,000 | 2,365,469,000 | 2,294,909,000 | 2,197,816,000 | 2,148,240,000 | 2,160,060,000 | 2,068,340,000 | 2,009,133,000 | 1,957,778,000 | 1,890,040,000 | 1,794,387,000 | 1,761,067,000 | 1,744,245,000 | 1,598,968,000 | 1,553,547,000 | 1,552,580,000 | 1,514,398,000 | 1,421,483,000 | 1,362,357,000 | 1,314,259,000 | 1,297,901,000 | 1,330,974,000 | 1,491,593,000 | 1,442,355,000 | 1,417,269,000 | 1,323,828,000 | 1,231,475,000 | 1,110,274,000 | 1,015,679,000 | 894,298,000 | 790,200,000 | 699,768,000 | 545,930,000 | 670,531,000 | 610,364,000 | 537,068,000 | 486,794,000 | 472,970,000 | 415,049,000 | 330,322,000 | 346,855,000 | 288,000,000 | 251,568,000 | 225,224,000 | 216,520,000 |
accumulated other comprehensive loss | -237,601,000 | -109,460,000 | -138,973,000 | -180,763,000 | -391,126,000 | -617,082,000 | -193,855,000 | -618,355,000 | -595,009,000 | -478,210,000 | -890,833,000 | -740,743,000 | -609,781,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total shareholders' equity | 18,131,982,000 | 18,597,756,000 | 18,040,712,000 | 17,318,158,000 | 17,148,507,000 | 16,915,898,000 | 17,014,239,000 | 15,850,024,000 | 15,729,719,000 | 14,983,928,000 | 13,999,159,000 | 14,185,499,000 | 13,744,483,000 | 13,065,534,000 | 12,293,923,000 | 12,756,207,000 | 14,101,178,000 | 14,695,048,000 | 14,016,764,000 | 13,974,971,000 | 13,163,944,000 | 12,799,789,000 | 11,893,947,000 | 11,394,553,000 | 9,720,728,000 | 11,070,867,000 | 10,623,454,000 | 10,396,365,000 | 9,795,982,000 | 9,080,653,000 | 9,783,992,000 | 9,480,860,000 | 9,324,211,000 | 9,504,148,000 | 8,908,885,000 | 8,954,409,000 | 8,653,200,000 | 8,460,927,000 | 8,527,283,000 | 8,438,369,000 | 8,239,116,000 | 7,834,150,000 | 7,695,230,000 | 7,741,870,000 | 7,869,658,000 | 7,594,818,000 | 7,175,193,000 | 7,143,057,000 | 6,900,132,000 | 6,673,577,000 | 6,457,423,000 | 3,888,657,000 | ||||||||||||||||||||||||||||||||||||||||
noncontrolling interests | -1,634,000 | -1,631,000 | 18,609,000 | 18,626,000 | 16,235,000 | 13,041,000 | 133,096,000 | 98,530,000 | 87,804,000 | 72,280,000 | 56,084,000 | 53,582,000 | 44,838,000 | 62,791,000 | 64,796,000 | 11,125,000 | 5,554,000 | 22,860,000 | 23,461,000 | 23,078,000 | 21,220,000 | 14,892,000 | 13,811,000 | 15,695,000 | 11,602,000 | 7,549,000 | 11,416,000 | 16,716,000 | 22,364,000 | 19,649,000 | -3,838,000 | -3,446,000 | -3,061,000 | -2,567,000 | -2,041,000 | -1,893,000 | -1,950,000 | 6,484,000 | 6,992,000 | 7,204,000 | 7,447,000 | 6,459,000 | 8,277,000 | 8,006,000 | 7,740,000 | 7,184,000 | 8,176,000 | 8,597,000 | 8,054,000 | 4,433,000 | 4,917,000 | 4,945,000 | 4,912,000 | 360,000 | -197,000 | 125,000 | 73,875,000 | 65,912,000 | 65,106,000 | 64,691,000 | 16,103,000 | 16,450,000 | 18,236,000 | 17,354,000 | ||||||||||||||||||||||||||||
total equity | 18,130,348,000 | 18,596,125,000 | 18,059,321,000 | 17,336,784,000 | 17,164,742,000 | 16,928,939,000 | 17,147,335,000 | 15,948,554,000 | 15,817,523,000 | 15,056,208,000 | 14,055,243,000 | 14,239,081,000 | 13,789,321,000 | 13,128,325,000 | 12,358,719,000 | 12,767,332,000 | 14,106,732,000 | 14,717,908,000 | 14,040,225,000 | 13,998,049,000 | 13,185,164,000 | 12,814,681,000 | 11,907,758,000 | 11,410,248,000 | 9,732,330,000 | 11,078,416,000 | 10,634,870,000 | 10,413,081,000 | 9,818,346,000 | 9,100,302,000 | 9,780,154,000 | 9,477,414,000 | 9,321,150,000 | 9,501,581,000 | 8,906,844,000 | 8,952,516,000 | 8,651,250,000 | 8,467,411,000 | 8,534,275,000 | 8,445,573,000 | 8,246,563,000 | 7,840,609,000 | 7,703,507,000 | 7,749,876,000 | 7,877,398,000 | 7,602,002,000 | 7,183,369,000 | 7,151,654,000 | 6,908,186,000 | 6,678,010,000 | 6,462,340,000 | 6,325,849,000 | 4,156,421,000 | 3,889,017,000 | 3,805,919,000 | 3,655,291,000 | 3,675,968,000 | 3,278,092,000 | 3,348,079,000 | 3,263,069,000 | 3,074,160,000 | 2,866,443,000 | 2,922,459,000 | 2,791,714,000 | ||||||||||||||||||||||||||||
total liabilities and equity | 68,602,357,000 | 68,905,050,000 | 67,391,562,000 | 66,791,177,000 | 64,599,055,000 | 61,897,982,000 | 62,283,238,000 | 59,709,621,000 | 57,286,385,000 | 55,045,710,000 | 52,748,716,000 | 52,184,133,000 | 50,942,261,000 | 49,791,259,000 | 48,421,355,000 | 47,946,773,000 | 48,985,257,000 | 48,448,866,000 | 46,696,436,000 | 45,641,513,000 | 43,043,029,000 | 41,710,054,000 | 40,170,019,000 | 39,067,626,000 | 36,048,787,000 | 37,473,815,000 | 37,036,196,000 | 36,421,584,000 | 34,736,726,000 | 33,306,263,000 | 33,958,305,000 | 33,247,031,000 | 32,866,471,000 | 32,805,016,000 | 28,519,411,000 | 27,203,341,000 | 26,400,679,000 | 25,875,299,000 | 26,403,645,000 | 26,335,628,000 | 25,685,230,000 | 24,941,271,000 | 25,181,573,000 | 25,366,140,000 | 25,253,389,000 | 25,200,357,000 | 25,076,435,000 | 25,166,274,000 | 24,452,992,000 | 23,955,511,000 | 23,808,577,000 | 23,499,980,000 | 13,117,991,000 | 12,556,588,000 | 12,383,417,000 | 11,965,233,000 | 11,859,284,000 | 11,371,754,000 | 11,464,537,000 | 11,041,536,000 | 10,581,122,000 | 10,324,461,000 | 10,339,951,000 | 10,241,896,000 | ||||||||||||||||||||||||||||
preferred stock | 591,891,000 | 591,891,000 | 591,891,000 | 591,891,000 | 591,891,000 | 591,891,000 | 591,891,000 | 591,891,000 | 591,891,000 | 591,891,000 | 591,891,000 | 591,891,000 | 591,891,000 | 591,891,000 | 591,891,000 | 591,891,000 | 591,891,000 | 591,891,000 | 591,891,000 | 591,891,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
life and annuity benefits | 598,973,000 | 611,859,000 | 587,593,000 | 583,273,000 | 623,445,000 | 594,749,000 | 617,266,000 | 649,054,000 | 600,256,000 | 643,572,000 | 668,848,000 | 759,025,000 | 733,489,000 | 777,726,000 | 824,174,000 | 902,980,000 | 925,958,000 | 975,499,000 | 977,647,000 | 1,069,986,000 | 1,034,093,000 | 999,421,000 | 975,485,000 | 985,729,000 | 1,021,185,000 | 1,032,715,000 | 1,011,637,000 | 1,001,453,000 | 1,028,696,000 | 1,033,461,000 | 1,093,437,000 | 1,072,112,000 | 1,108,947,000 | 1,061,298,000 | 1,038,325,000 | 1,049,654,000 | 1,155,672,000 | 1,152,676,000 | 1,149,932,000 | 1,123,275,000 | 1,159,901,000 | 1,164,860,000 | 1,189,140,000 | 1,305,818,000 | 1,358,882,000 | 1,447,383,000 | 1,483,606,000 | 1,486,574,000 | 1,482,998,000 | 1,456,829,000 | ||||||||||||||||||||||||||||||||||||||||||
accumulated other comprehensive income | -857,077,000 | -1,036,454,000 | -603,657,000 | -238,567,000 | 237,617,000 | 319,389,000 | 427,223,000 | 369,679,000 | 584,376,000 | 499,714,000 | 432,351,000 | 261,726,000 | 208,772,000 | 231,632,000 | 187,200,000 | 61,168,000 | -94,650,000 | -184,892,000 | -90,560,000 | 12,804,000 | 2,345,571,000 | 2,151,205,000 | 1,911,933,000 | 1,719,236,000 | 1,565,866,000 | 1,727,642,000 | 1,722,277,000 | 1,591,132,000 | 1,354,508,000 | 1,417,416,000 | 1,571,078,000 | 1,795,372,000 | 1,704,557,000 | 1,403,581,000 | 1,442,882,000 | 1,232,362,000 | 1,089,805,000 | 982,119,000 | 903,309,000 | 1,080,119,000 | 911,337,000 | 891,142,000 | 793,341,000 | 809,612,000 | 527,400,000 | 633,290,000 | 567,559,000 | 586,637,000 | 424,559,000 | 479,056,000 | 387,086,000 | 399,179,000 | 118,446,000 | -5,325,000 | 111,179,000 | 127,714,000 | 303,654,000 | |||||||||||||||||||||||||||||||||||
fixed maturities, available-for-sale | 10,123,615,000 | 9,970,909,000 | 10,204,025,000 | 10,258,640,000 | 10,162,419,000 | 10,043,188,000 | 9,952,053,000 | 10,134,073,000 | 9,904,075,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
equity securities, available-for-sale | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
reinsurance recoverable on unpaid losses | 4,836,271,000 | 4,739,259,000 | 4,650,860,000 | 4,619,336,000 | 2,466,554,000 | 2,007,652,000 | 1,949,278,000 | 2,006,945,000 | 2,041,928,000 | 2,038,687,000 | 2,046,301,000 | 2,016,665,000 | 1,973,249,000 | 2,031,722,000 | 1,949,974,000 | 1,868,669,000 | 1,897,580,000 | 1,902,775,000 | 1,869,403,000 | 1,854,414,000 | 1,910,023,000 | 1,876,858,000 | 721,813,000 | 778,774,000 | 748,864,000 | 765,043,000 | 786,736,000 | 803,574,000 | 809,318,000 | 818,239,000 | 865,998,000 | 874,465,000 | 852,791,000 | 886,442,000 | 918,257,000 | 958,979,000 | 986,440,000 | 1,026,858,000 | 1,157,278,000 | 1,089,918,000 | 1,084,971,000 | 1,072,918,000 | 1,117,228,000 | 1,144,956,000 | 1,159,181,000 | 1,257,453,000 | 1,333,244,000 | 1,462,283,000 | 1,718,704,000 | 1,908,123,000 | 1,418,740,000 | 1,536,065,000 | 1,641,276,000 | 1,618,605,000 | 1,575,970,000 | 1,615,752,000 | 1,503,014,000 | 1,502,941,000 | 1,519,687,000 | 1,586,128,000 | 1,513,381,000 | 1,456,423,000 | ||||||||||||||||||||||||||||||
reinsurance recoverable on paid losses | 137,364,000 | 90,649,000 | 108,658,000 | 126,054,000 | 72,487,000 | 53,128,000 | 60,479,000 | 64,892,000 | 62,254,000 | 57,940,000 | 78,667,000 | 50,123,000 | 85,896,000 | 75,068,000 | 113,816,000 | 102,206,000 | 103,023,000 | 85,911,000 | 78,741,000 | 102,002,000 | 105,279,000 | 141,736,000 | 52,679,000 | 51,145,000 | 42,224,000 | 43,406,000 | 45,880,000 | 44,247,000 | 45,306,000 | 54,576,000 | 49,833,000 | 61,223,000 | 66,562,000 | 65,703,000 | 75,259,000 | 68,940,000 | 64,978,000 | 71,890,000 | 59,377,000 | 62,074,000 | 65,702,000 | 78,306,000 | 89,325,000 | 97,513,000 | 95,810,000 | 105,003,000 | 150,034,000 | 160,483,000 | 141,246,000 | 83,813,000 | 101,168,000 | 112,174,000 | 114,746,000 | 112,637,000 | 118,857,000 | 162,334,000 | 148,479,000 | 134,779,000 | 127,339,000 | 144,751,000 | 159,874,000 | 168,103,000 | ||||||||||||||||||||||||||||||
investments, available-for-sale, at estimated fair value: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
fixed maturities | 9,940,670,000 | 9,919,346,000 | 10,053,492,000 | 10,006,519,000 | 9,891,510,000 | 10,318,487,000 | 10,399,629,000 | 10,152,405,000 | 9,394,468,000 | 9,353,951,000 | 9,523,164,000 | 9,971,814,000 | 10,422,882,000 | 10,474,647,000 | 10,293,228,000 | 10,236,737,000 | 10,142,536,000 | 10,312,939,000 | 10,678,463,000 | 4,809,825,000 | 4,979,283,000 | 5,280,549,000 | 5,326,511,000 | 5,507,664,000 | 5,576,584,000 | 5,479,821,000 | 5,394,007,000 | 5,515,857,000 | 5,427,805,000 | 5,451,154,000 | 5,112,136,000 | 4,910,739,000 | 4,662,880,000 | 4,547,167,000 | 4,592,552,000 | 4,757,062,000 | 5,139,980,000 | 5,229,115,000 | 5,323,750,000 | 5,337,556,000 | 5,070,041,000 | 5,042,114,000 | 5,000,969,000 | 4,825,125,000 | 4,610,452,000 | 4,646,449,000 | 4,566,556,000 | 4,561,281,000 | 4,479,158,000 | 4,477,568,000 | 4,267,467,000 | 3,996,111,000 | 4,096,252,000 | 3,714,150,000 | 3,638,516,000 | 3,515,158,000 | 3,251,186,000 | 2,899,865,000 | 2,679,849,000 | |||||||||||||||||||||||||||||||||
short-term investments | 2,160,974,000 | 1,995,562,000 | 1,704,416,000 | 2,178,035,000 | 2,336,151,000 | 1,989,305,000 | 1,995,491,000 | 1,324,393,000 | 1,642,261,000 | 2,323,983,000 | 2,185,249,000 | 1,731,872,000 | 1,594,849,000 | 1,686,691,000 | 1,749,604,000 | 1,348,231,000 | 1,452,288,000 | 1,159,457,000 | 995,697,000 | 1,380,318,000 | 973,330,000 | 729,042,000 | 465,734,000 | 463,694,000 | 491,756,000 | 600,361,000 | 434,546,000 | 319,598,000 | 360,869,000 | 342,002,000 | 492,581,000 | 666,310,000 | 814,934,000 | 652,246,000 | 508,834,000 | 324,468,000 | 138,126,000 | 81,184,000 | 51,552,000 | 75,492,000 | 277,449,000 | 172,508,000 | 139,499,000 | 323,771,000 | 167,607,000 | 45,923,000 | 206,322,000 | 134,530,000 | 64,163,000 | 121,714,000 | 205,533,000 | 54,349,000 | 74,222,000 | 104,033,000 | 103,555,000 | 93,353,000 | 67,821,000 | 192,071,000 | 119,643,000 | |||||||||||||||||||||||||||||||||
shareholders’ equity: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total shareholders’ equity | 6,320,904,000 | 4,151,509,000 | 3,806,116,000 | 3,655,166,000 | 3,602,093,000 | 3,212,180,000 | 3,282,973,000 | 3,198,378,000 | 3,058,057,000 | 2,849,993,000 | 2,904,223,000 | 2,774,360,000 | 2,692,815,000 | 2,352,425,000 | 2,180,080,000 | 2,180,674,000 | 2,312,681,000 | 2,489,085,000 | 2,614,781,000 | 2,641,162,000 | 2,562,008,000 | 2,449,400,000 | 2,373,054,000 | 2,296,393,000 | 1,975,393,000 | 1,738,099,000 | 1,705,741,000 | 1,595,317,000 | 1,751,303,000 | 1,628,272,000 | 1,656,503,000 | 1,505,950,000 | 1,432,163,000 | 1,474,701,000 | 1,302,045,000 | 1,329,255,000 | 1,177,997,000 | 1,159,111,000 | 1,135,106,000 | 1,127,579,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
goodwill and intangible assets | 1,074,925,000 | 1,049,225,000 | 997,834,000 | 991,430,000 | 967,625,000 | 769,685,000 | 767,004,000 | 776,066,000 | 501,188,000 | 501,479,000 | 501,301,000 | 502,833,000 | 340,495,000 | 341,674,000 | 342,852,000 | 344,031,000 | 344,626,000 | 345,767,000 | 343,961,000 | 344,911,000 | 345,861,000 | 346,458,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payables to insurance companies | 134,405,000 | 103,212,000 | 100,079,000 | 139,858,000 | 127,913,000 | 83,401,000 | 89,545,000 | 87,849,000 | 72,629,000 | 66,837,000 | 70,551,000 | 46,853,000 | 56,251,000 | 59,731,000 | 67,182,000 | 42,399,000 | 58,852,000 | 76,909,000 | 58,243,000 | 39,790,000 | 68,102,000 | 58,685,000 | 90,398,000 | 58,880,000 | 82,850,000 | 106,920,000 | 124,051,000 | 160,909,000 | 82,417,000 | 98,621,000 | 89,636,000 | 94,654,000 | 104,253,000 | 144,828,000 | 138,033,000 | 135,217,000 | 130,686,000 | 122,191,000 | 136,715,000 | 142,274,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
investments in affiliates | 43,633,000 | 76,037,000 | 97,192,000 | 94,124,000 | 93,723,000 | 92,134,000 | 85,722,000 | 85,237,000 | 81,181,000 | 77,352,000 | 76,483,000 | 75,141,000 | 73,439,000 | 73,802,000 | 71,444,000 | 69,958,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
operating revenues | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
earned premiums | 1,815,835,000 | 2,022,184,000 | 2,117,294,000 | 2,184,381,000 | 2,053,887,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net investment income | 259,809,000 | 283,738,000 | 306,458,000 | 271,016,000 | 204,032,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net realized investment gains | -96,100,000 | -407,594,000 | 59,504,000 | 63,608,000 | 4,139,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other-than-temporary impairment losses | -95,570,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
less other-than-temporary impairment losses recognized in other comprehensive income | 5,620,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other-than-temporary impairment losses recognized in net income | -89,950,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net realized investment gains, excluding other-than-temporary impairment losses | -6,150,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other revenues | 89,782,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total operating revenues | 2,069,326,000 | 1,898,328,000 | 2,483,256,000 | 2,519,005,000 | 2,262,058,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
operating expenses | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
losses and loss adjustment expenses | 992,863,000 | 1,269,025,000 | 1,096,203,000 | 1,132,579,000 | 1,308,343,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
underwriting, acquisition and insurance expenses | 736,660,000 | 738,546,000 | 756,699,000 | 767,853,000 | 673,450,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
amortization of intangible assets | 6,698,000 | 4,383,000 | 2,145,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other incomes | 80,499,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total operating expenses | 1,816,720,000 | 2,011,954,000 | 1,855,047,000 | 1,900,432,000 | 1,981,793,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
operating income | 252,606,000 | -113,626,000 | 628,209,000 | 618,573,000 | 280,265,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest expense | 53,969,000 | 47,390,000 | 56,251,000 | 65,172,000 | 56,220,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income before income taxes | 198,637,000 | -161,016,000 | 571,958,000 | 553,401,000 | 224,045,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income tax benefit | -3,782,000 | -102,249,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income | 202,419,000 | -58,767,000 | 405,669,000 | 392,502,000 | 165,412,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
less net income attributable to noncontrolling interests | 781,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income to shareholders | 201,638,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other comprehensive income | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
change in net unrealized gains on investments, net of taxes: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net holding gains arising during the period | 326,959,000 | -594,767,000 | -33,638,000 | 201,318,000 | 108,945,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
unrealized other-than-temporary impairment losses on fixed maturities arising during the period | -5,405,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
reclassification adjustments for net gains included in net income | 52,883,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
change in net unrealized gains on investments, net of taxes | 374,437,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
change in currency translation adjustments, net of taxes | 19,239,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
change in net actuarial pension loss, net of taxes | -4,268,000 | -6,740,000 | 1,546,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total other comprehensive income | 389,408,000 | -344,502,000 | -68,622,000 | 133,280,000 | 107,265,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
comprehensive income | 591,827,000 | -403,269,000 | 337,047,000 | 525,782,000 | 272,677,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
less comprehensive income attributable to noncontrolling interests | 832,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
comprehensive income to shareholders | 590,995,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income per share | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
basic | 20,540 | -5,950 | 40,730 | 40,430 | 16,790 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
diluted | 20,520 | -5,950 | 40,640 | 39,400 | 16,410 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
liabilities and shareholders’ equity | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
long-term debt | 951,248,000 | 478,049,000 | 477,571,000 | 427,831,000 | 404,384,000 | 298,980,000 | 298,576,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total liabilities and shareholders’ equity | 10,201,653,000 | 9,711,499,000 | 9,395,753,000 | 9,477,690,000 | 9,931,115,000 | 10,043,763,000 | 10,155,623,000 | 10,134,419,000 | 10,229,608,000 | 10,197,182,000 | 9,969,557,000 | 10,088,131,000 | 9,982,296,000 | 9,686,223,000 | 9,725,286,000 | 9,901,010,000 | 9,272,419,000 | 9,232,235,000 | 9,397,586,000 | 9,094,503,000 | 8,682,464,000 | 8,753,729,000 | 8,061,412,000 | 7,876,613,000 | 7,504,808,000 | 7,408,560,000 | 7,022,361,000 | 6,783,836,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
senior long-term debt | 738,754,000 | 738,631,000 | 688,509,000 | 588,386,000 | 588,264,000 | 681,043,000 | 680,698,000 | 680,353,000 | 752,987,000 | 752,482,000 | 751,978,000 | 751,473,000 | 607,536,000 | 607,044,000 | 608,448,000 | 611,257,000 | 610,758,000 | 610,260,000 | 609,761,000 | 522,455,000 | 521,983,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accumulated other comprehensive income: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net unrealized holding gains on investments, net of taxes of 31,075 in 2008 and 208,751 in 2007 | 58,652,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cumulative translation adjustments, net of tax benefit of 8,300 in 2008 and 4,050 in 2007 | -15,416,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net actuarial pension loss, net of tax benefit of 16,266 in 2008 and 12,636 in 2007 | -30,207,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net unrealized gains on investments, net of taxes: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
less reclassification adjustments for net gains included in net income | 264,898,000 | -40,323,000 | -41,345,000 | -2,690,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net unrealized gains | -329,869,000 | -73,961,000 | 159,973,000 | 106,255,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
currency translation adjustments, net of taxes | -7,893,000 | 3,793,000 | -1,680,000 | 1,010,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
junior subordinated deferrable interest debentures | 106,379,000 | 106,379,000 | 138,621,000 | 141,045,000 | 150,000,000 | 150,000,000 | 150,000,000 | 150,000,000 | 150,000,000 | 150,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net unrealized holding gains on investments, net of taxes of 208,751 in 2007 and 249,029 in 2006 | 388,521,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cumulative translation adjustments, net of tax benefit of 4,050 in 2007 and 6,094 in 2006 | -7,523,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net actuarial pension loss, net of tax benefit of 12,636 in 2007 and 13,469 in 2006 | -23,467,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income tax expense | 166,289,000 | 160,899,000 | 58,633,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net unrealized holding gains on investments, net of taxes of 216,980 in 2007 and 249,029 in 2006 | 403,366,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cumulative translation adjustments, net of tax benefit of 3,740 in 2007 and 6,094 in 2006 | -6,947,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net actuarial pension loss, net of tax benefit of 12,962 in 2007 and 13,469 in 2006 | -24,073,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net unrealized holding gains on fixed maturities and equity securities, net of taxes of 208,324 in 2007 and 249,029 in 2006 | 387,200,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cumulative translation adjustments, net of tax benefit of 5,199 in 2007 and 6,094 in 2006 | -9,655,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net actuarial pension loss, net of tax benefit of 13,135 in 2007 and 13,469 in 2006 | -24,394,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net unrealized holding gains on fixed maturities and equity securities, net of taxes of 236,553 in 2007 and 249,029 in 2006 | 439,899,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cumulative translation adjustments, net of tax benefit of 5,941 in 2007 and 6,094 in 2006 | -11,029,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net actuarial pension loss, net of tax benefit of 13,305 in 2007 and 13,469 in 2006 | -24,710,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
convertible notes payable | 101,090,000 | 100,028,000 | 99,263,000 | 97,859,000 | 96,834,000 | 95,823,000 | 94,817,000 | 93,829,000 | 92,846,000 | 91,750,000 | 89,466,000 | 88,333,000 | 87,218,000 | 86,109,000 | 85,011,000 | 83,919,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net unrealized holding gains on fixed maturities and equity securities, net of taxes of 249,029 in 2006 and 162,889 in 2005 | 462,482,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cumulative translation adjustments, net of tax benefit of 6,094 in 2006 and 5,189 in 2005 | -11,316,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net actuarial pension loss, net of tax benefit of 13,469 in 2006 | -25,013,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net unrealized gains on securities, net of taxes: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net actuarial pension loss, net of taxes | -25,013,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net unrealized holding gains on fixed maturities and equity securities, net of taxes of 185,470 in 2006 and 162,889 in 2005 | 344,444,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cumulative translation adjustments, net of tax benefit of 4,756 in 2006 and 5,189 in 2005 | -8,834,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
junior subordinated deferrable interest debentures (estimated fair value of 127,000 in | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2006 and 150,000 in 2005) | 120,066,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net unrealized holding gains on fixed maturities and equity securities, net of taxes of 113,939 in 2006 and 162,889 in 2005 | 211,603,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cumulative translation adjustments, net of tax benefit of 4,783 in 2006 and 5,189 in 2005 | -8,882,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net unrealized holding gains on fixed maturities and equity securities, net of taxes of 145,042 in 2006 and 162,889 in 2005 | 269,363,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cumulative translation adjustments, net of tax benefit of 4,300 in 2006 and 5,189 in 2005 | -7,986,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total investments, available-for-sale | 6,158,246,000 | 6,051,419,000 | 5,851,870,000 | 5,937,808,000 | 5,561,883,000 | 5,118,516,000 | 5,225,619,000 | 4,623,251,000 | 4,471,309,000 | 4,171,838,000 | 3,869,916,000 | 3,606,292,000 | 3,341,066,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net unrealized holding gains on fixed maturities and equity securities, net of taxes of 170,552 in 2005 and 203,041 in 2004 | 316,740,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cumulative translation adjustments, net of tax benefit of 5,720 in 2005 and tax expense of 39 in 2004 | -10,625,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net unrealized holding gains on fixed maturities and equity securities, net of taxes of 188,089 in 2005 and 203,041 in 2004 | 349,309,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cumulative translation adjustments, net of tax benefit of 6,178 in 2005 and tax expense of 39 in 2004 | -11,474,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net unrealized holding gains on fixed maturities and equity securities, net of tax expense of 154,348 in 2005 and 203,041 in 2004 | 286,649,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cumulative translation adjustments, net of tax benefit of 6,108 in 2005 and tax expense of 39 in 2004 | -11,343,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investments, available-for-sale, at estimated fair value | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
shareholders’ equity | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net unrealized holding gains on fixed maturities and equity securities, net of taxes of 203,041 in 2004 and 145,826 in 2003 | 377,074,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cumulative translation adjustments, net of tax expense of 39 in 2004 and tax benefit of 505 in 2003 | 73,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net unrealized gains on securities, net of taxes | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net unrealized holding gains on fixed maturities and equity securities, net of tax expense of 150,293 in 2004 and 145,826 in 2003 | 279,115,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cumulative translation adjustments, net of tax benefit of 1,043 in 2004 and 505 in 2003 | -1,937,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net unrealized holding gains on fixed maturities and equity securities, net of tax expense of 119,979 in 2004 and 145,826 in 2003 | 222,817,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cumulative translation adjustments, net of tax benefit of 888 in 2004 and 505 in 2003 | -1,648,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net unrealized holding gains on fixed maturities and equity securities, net of tax expense of 174,391 in 2004 and 145,826 in 2003 | 323,868,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cumulative translation adjustments, net of tax benefit of 1,077 in 2004 and 505 in 2003 | -2,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
company-obligated mandatorily redeemable preferred capital securities of subsidiary trust holding solely junior subordinated deferrable interest debentures of markel corporation | 150,000,000 | 150,000,000 | 150,000,000 | 150,000,000 | 150,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net unrealized holding gains on fixed maturities and equity securities, net of tax expense of 128,464 in 2003 and 96,476 in 2002 | 238,577,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cumulative translation adjustments, net of tax benefit of 2,099 in 2003 and 4,239 in 2002 | -3,898,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net unrealized holding gains on fixed maturities and equity securities, net of tax expense of 133,009 in 2003 and 96,476 in 2002 | 247,017,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cumulative translation adjustments, net of tax benefit of 618 in 2003 and 4,239 in 2002 | -1,148,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
company-obligated mandatorily redeemable preferred capital securities of subsidiary | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
trust holding solely junior subordinated deferrable interest debentures of markel corporation | 150,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net unrealized holding gains on fixed maturities and equity securities, net of tax expense of 85,850 in 2003 and 96,476 in 2002 | 159,435,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cumulative translation adjustments, net of tax benefit of 3,171 in 2003 and 4,239 in 2002 | -5,889,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
liabilities and share holders’ equity | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accrued premium income | 192,897,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net unrealized holding gains on fixed maturities and equity securities, net of tax expense of 92,791 in 2002 and 93,653 in 2001 | 172,327,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cumulative translation adjustments, net of tax expense of 1,424 in 2002 and tax benefit of 345 in 2001 | 2,644,000 |
Cashflow Statements:
Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-09-30 | 2018-06-30 | 2018-03-31 | 2017-12-31 | 2017-09-30 | 2017-06-30 | 2017-03-31 | 2016-12-31 | 2016-09-30 | 2016-06-30 | 2016-03-31 | 2015-12-31 | 2015-09-30 | 2015-06-30 | 2015-03-31 | 2014-12-31 | 2014-09-30 | 2014-06-30 | 2014-03-31 | 2013-12-31 | 2013-09-30 | 2013-06-30 | 2013-03-31 | 2012-12-31 | 2012-09-30 | 2012-06-30 | 2012-03-31 | 2011-09-30 | 2011-06-30 | 2011-03-31 | 2010-09-30 | 2010-06-30 | 2010-03-31 | 2009-12-31 | 2009-09-30 | 2009-06-30 | 2009-03-31 | 2008-12-31 | 2008-09-30 | 2008-06-30 | 2008-03-31 | 2007-12-31 | 2007-09-30 | 2006-12-31 | 2006-09-30 | 2006-06-30 | 2006-03-31 | 2005-12-31 | 2005-09-30 | 2005-06-30 | 2005-03-31 | 2004-12-31 | 2004-09-30 | 2004-06-30 | 2004-03-31 | 2003-12-31 | 2003-09-30 | 2003-06-30 | 2003-03-31 | 2002-12-31 | 2002-09-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
operating activities | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income | -204,356,000 | 582,086,000 | 763,787,000 | 677,185,000 | 129,347,000 | 561,432,000 | 946,942,000 | 289,850,000 | 1,049,182,000 | 794,093,000 | 53,268,000 | 715,930,000 | 537,799,000 | 709,568,000 | 122,530,000 | -883,387,000 | -49,914,000 | 875,052,000 | 189,668,000 | 803,334,000 | 579,681,000 | 847,429,000 | 454,043,000 | 931,671,000 | -1,401,376,000 | 511,513,000 | 203,953,000 | 506,483,000 | 577,513,000 | -753,374,000 | 409,028,000 | 279,587,000 | -65,594,000 | 439,326,000 | -261,035,000 | 151,427,000 | 71,040,000 | 132,703,000 | 83,421,000 | 80,673,000 | 163,646,000 | 198,273,000 | 104,410,000 | 92,453,000 | 194,006,000 | 118,222,000 | 76,824,000 | 41,141,000 | 87,501,000 | 98,939,000 | 66,967,000 | 28,676,000 | 89,263,000 | 58,093,000 | 51,674,000 | 90,768,000 | 57,713,000 | 54,669,000 | 31,649,000 | 9,861,000 | 63,157,000 | 20,917,000 | 43,206,000 | 94,137,000 | 59,126,000 | 32,798,000 | 16,358,000 | -32,710,000 | -142,287,000 | 82,242,000 | 33,988,000 | 93,441,000 | 92,353,000 | 121,382,000 | 104,098,000 | 90,432,000 | 76,590,000 | 123,128,000 | -111,098,000 | 60,167,000 | 75,718,000 | 50,274,000 | 13,825,000 | 59,037,000 | 42,276,000 | 44,722,000 | -16,533,000 | 58,855,000 | 36,433,000 | 26,346,000 | 8,704,000 |
adjustments to reconcile net income to net cash from operating activities | 220,268,000 | 454,688,000 | -172,789,000 | 246,845,000 | -56,160,000 | 288,775,000 | -418,528,000 | 902,388,000 | 8,510,000 | -253,618,000 | 836,753,000 | 1,389,503,000 | 464,787,000 | 619,602,000 | -308,286,000 | -261,557,000 | 318,804,000 | -508,608,000 | 1,467,054,000 | 258,847,000 | -276,048,000 | -558,790,000 | 46,614,000 | -29,725,000 | 123,266,000 | 621,793,000 | 170,722,000 | 207,940,000 | 122,750,000 | -171,174,000 | 222,739,000 | 173,507,000 | -65,084,000 | 235,519,000 | 83,124,000 | 106,096,000 | 46,101,000 | 38,330,000 | -38,887,000 | 43,008,000 | 71,588,000 | -6,303,000 | 236,761,000 | 101,832,000 | 16,311,000 | 53,834,000 | 114,211,000 | 287,375,000 | 83,355,000 | 33,221,000 | 248,446,000 | 117,819,000 | 12,482,000 | 208,819,000 | 96,006,000 | 67,172,000 | 204,364,000 | ||||||||||||||||||||||||||||||||||
net cash from operating activities | 15,912,000 | 662,193,000 | 1,218,475,000 | 504,396,000 | 376,192,000 | 493,945,000 | 890,782,000 | 578,625,000 | 630,654,000 | 822,530,000 | 955,656,000 | 724,440,000 | 284,181,000 | 829,170,000 | 959,283,000 | 506,116,000 | 414,873,000 | 651,625,000 | 809,270,000 | 495,048,000 | 318,124,000 | 475,999,000 | 772,847,000 | 423,063,000 | 65,678,000 | 562,162,000 | 462,800,000 | 230,435,000 | 18,723,000 | 129,681,000 | 455,642,000 | 249,862,000 | 57,672,000 | 259,826,000 | 360,758,000 | 210,266,000 | 254,143,000 | 100,766,000 | 312,350,000 | 215,203,000 | 22,832,000 | 180,164,000 | 299,563,000 | 214,648,000 | 22,417,000 | 203,064,000 | 302,486,000 | 152,988,000 | 134,798,000 | 160,765,000 | 109,258,000 | 59,247,000 | 4,319,000 | 65,888,000 | 102,134,000 | 104,386,000 | 10,055,000 | 61,310,000 | 94,474,000 | 184,074,000 | 50,299,000 | 124,997,000 | 146,187,000 | 137,891,000 | 218,309,000 | 122,513,000 | 176,277,000 | 143,522,000 | 108,939,000 | 196,808,000 | 262,271,000 | 176,856,000 | 54,758,000 | 180,698,000 | 192,286,000 | 154,861,000 | 103,605,000 | 144,336,000 | 213,068,000 | ||||||||||||
capital expenditures | -47,265,000 | -63,120,000 | -52,421,000 | -50,640,000 | -40,713,000 | -73,951,000 | -51,892,000 | -57,195,000 | -71,953,000 | -103,531,000 | -75,645,000 | -42,264,000 | -37,179,000 | -45,430,000 | -98,738,000 | -58,848,000 | -51,696,000 | -64,491,000 | -25,020,000 | -25,088,000 | -30,650,000 | -28,530,000 | -22,103,000 | -20,761,000 | -29,907,000 | -27,919,000 | -46,225,000 | -24,476,000 | -24,756,000 | -27,707,000 | -26,498,000 | -29,026,000 | -23,362,000 | -24,553,000 | -14,521,000 | -14,109,000 | -14,931,000 | -17,700,000 | -23,113,000 | -15,336,000 | -23,606,000 | -29,782,000 | -34,396,000 | -7,229,000 | -10,725,000 | -11,048,000 | -10,259,000 | -12,030,000 | -10,604,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||||||||||
free cash flows | -31,353,000 | 599,073,000 | 1,166,054,000 | 453,756,000 | 335,479,000 | 419,994,000 | 838,890,000 | 521,430,000 | 558,701,000 | 718,999,000 | 880,011,000 | 682,176,000 | 247,002,000 | 783,740,000 | 860,545,000 | 447,268,000 | 363,177,000 | 587,134,000 | 784,250,000 | 469,960,000 | 287,474,000 | 447,469,000 | 750,744,000 | 402,302,000 | 35,771,000 | 534,243,000 | 416,575,000 | 205,959,000 | -6,033,000 | 101,974,000 | 429,144,000 | 220,836,000 | 34,310,000 | 235,273,000 | 346,237,000 | 196,157,000 | 239,212,000 | 83,066,000 | 289,237,000 | 199,867,000 | -774,000 | 150,382,000 | 265,167,000 | 207,419,000 | 11,692,000 | 192,016,000 | 292,227,000 | 140,958,000 | 124,194,000 | 160,765,000 | 109,258,000 | 59,247,000 | 4,319,000 | 65,888,000 | 102,134,000 | 104,386,000 | 10,055,000 | 61,310,000 | 94,474,000 | 184,074,000 | 50,299,000 | 124,997,000 | 146,187,000 | 137,891,000 | 218,309,000 | 122,513,000 | 176,277,000 | 143,522,000 | 108,939,000 | 196,808,000 | 262,271,000 | 176,856,000 | 54,758,000 | 180,698,000 | 192,286,000 | 154,861,000 | 103,605,000 | 144,336,000 | 213,068,000 | ||||||||||||
investing activities | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sales, maturities, calls, and prepayments of fixed maturity securities | 547,820,000 | 551,924,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cost of fixed maturity securities purchased | -819,452,000 | -1,079,462,000 | -1,173,048,000 | -787,627,000 | -742,665,000 | -665,632,000 | -954,154,000 | -1,089,175,000 | -880,028,000 | -1,641,277,000 | -889,601,000 | -965,282,000 | -806,704,000 | -678,767,000 | -543,411,000 | -372,488,000 | -517,400,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sales of equity securities | 52,107,000 | 142,040,000 | 59,971,000 | 71,993,000 | 31,795,000 | 60,248,000 | 52,101,000 | 24,804,000 | 40,101,000 | 118,917,000 | 40,963,000 | 74,672,000 | 64,030,000 | 77,733,000 | 18,161,000 | 69,328,000 | 76,788,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cost of equity securities purchased | -80,072,000 | -158,341,000 | -90,045,000 | -111,786,000 | -88,531,000 | -136,100,000 | -146,749,000 | -161,944,000 | -126,303,000 | -189,918,000 | -155,066,000 | -164,159,000 | -129,163,000 | -149,980,000 | -83,435,000 | -96,793,000 | -112,783,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net change in short-term investments | 19,595,000 | 104,879,000 | -255,867,000 | 281,541,000 | 447,436,000 | -153,235,000 | 466,513,000 | -139,928,000 | -21,378,000 | -284,909,000 | -187,500,000 | 465,162,000 | 210,177,000 | -220,758,000 | -368,563,000 | 30,329,000 | -287,027,000 | 956,321,000 | 500,278,000 | -564,524,000 | -663,120,000 | -131,877,000 | -965,923,000 | -674,352,000 | 942,695,000 | 355,541,000 | -157,576,000 | -623,491,000 | 329,659,000 | 844,348,000 | 36,860,000 | 91,396,000 | 129,032,000 | -171,395,000 | -271,830,000 | 515,644,000 | 162,324,000 | -348,452,000 | 7,593,000 | -671,222,000 | 322,887,000 | 625,549,000 | -91,702,000 | -449,426,000 | -146,545,000 | 84,454,000 | 54,757,000 | -398,932,000 | 130,557,000 | -293,112,000 | -158,349,000 | 391,700,000 | -410,662,000 | -244,544,000 | -259,287,000 | -3,694,000 | 79,233,000 | 107,181,000 | -167,632,000 | -107,606,000 | 47,115,000 | -23,014,000 | 148,411,000 | 172,640,000 | 97,875,000 | -110,932,000 | -135,967,000 | -194,171,000 | -186,281,000 | -56,942,000 | -29,632,000 | 23,940,000 | 201,957,000 | 184,272,000 | -156,164,000 | -121,684,000 | 202,618,000 | -42,219,000 | -71,792,000 | -70,367,000 | 57,551,000 | 83,819,000 | -151,184,000 | 19,873,000 | 7,790,000 | 22,021,000 | -478,000 | -10,202,000 | -25,532,000 | 124,250,000 | -72,428,000 |
additions to property and equipment | -47,265,000 | -63,120,000 | -52,421,000 | -50,640,000 | -40,713,000 | -73,951,000 | -51,892,000 | -57,195,000 | -71,953,000 | -103,531,000 | -75,645,000 | -42,264,000 | -37,179,000 | -45,430,000 | -98,738,000 | -58,848,000 | -51,696,000 | -64,491,000 | -25,020,000 | -25,088,000 | -30,650,000 | -28,530,000 | -22,103,000 | -20,761,000 | -29,907,000 | -27,919,000 | -46,225,000 | -24,476,000 | -24,756,000 | -27,707,000 | -26,498,000 | -29,026,000 | -23,362,000 | -24,553,000 | -14,521,000 | -19,714,000 | -15,864,000 | -14,109,000 | -14,931,000 | -19,734,000 | -14,900,000 | -17,700,000 | -23,113,000 | -15,336,000 | -23,606,000 | -29,782,000 | -34,396,000 | -7,229,000 | -10,725,000 | -11,048,000 | -10,259,000 | -11,976,000 | -14,442,000 | -12,030,000 | -10,604,000 | -9,968,000 | -12,917,000 | ||||||||||||||||||||||||||||||||||
acquisitions, net of cash acquired | -20,160,000 | -46,211,000 | 0 | -522,000 | 0 | -158,251,000 | -48,980,000 | -65,000,000 | -276,229,000 | -6,280,000 | 0 | -219,705,000 | -397,000 | -15,830,000 | -9,400,000 | -1,163,897,000 | -3,510,000 | 5,000 | -7,809,000 | -839,667,000 | -390,012,000 | -198,223,000 | -3,810,000 | -1,765,000 | 0 | -1,162,000 | -4,600,000 | -2,779,000 | -147,496,000 | -15,076,000 | -153,735,000 | 1,156,000 | -21,110,000 | 44,287,000 | -36,531,000 | 2,507,000 | -102,562,000 | -62,750,000 | -80,870,000 | -14,478,000 | -1,955,000 | -3,886,000 | -4,967,000 | -12,271,000 | -23,046,000 | -550,000 | 0 | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||
other | -791,000 | -65,931,000 | 51,373,000 | 2,862,000 | 85,017,000 | 70,024,000 | 7,237,000 | 16,458,000 | -2,419,000 | 24,921,000 | 7,764,000 | 7,199,000 | -1,696,000 | 216,936,000 | 22,308,000 | -8,675,000 | -14,204,000 | 97,274,000 | 1,136,000 | 3,850,000 | 42,637,000 | 74,817,000 | -13,394,000 | 46,246,000 | -9,949,000 | 32,141,000 | 3,316,000 | -807,000 | -1,684,000 | 7,152,000 | -2,664,000 | -28,945,000 | -716,000 | 28,654,000 | -2,113,000 | 166,000 | -5,855,000 | -249,000 | 213,000 | -412,000 | -193,000 | 68,175,000 | -1,250,000 | 930,000 | -441,000 | -12,343,000 | -1,689,000 | -182,000 | 384,000 | 11,064,000 | 5,396,000 | -46,000 | -2,438,000 | -12,930,000 | -7,487,000 | -2,985,000 | 1,476,000 | 29,478,000 | -6,165,000 | -20,623,000 | -11,134,000 | 1,594,000 | -14,237,000 | -10,824,000 | -4,472,000 | -3,818,000 | 27,017,000 | -17,190,000 | -62,334,000 | -4,196,000 | -2,845,000 | 50,874,000 | -3,715,000 | -114,246,000 | -2,583,000 | -2,358,000 | -5,065,000 | 83,342,000 | -3,637,000 | -1,110,000 | -1,878,000 | -11,480,000 | -2,347,000 | -1,342,000 | -1,758,000 | -57,852,000 | -1,545,000 | -1,977,000 | 228,000 | -24,571,000 | -3,424,000 |
net cash provided (used) by investing activities | -348,218,000 | -109,409,000 | 192,805,000 | -495,152,000 | -1,159,752,000 | -1,077,587,000 | -1,031,165,000 | 342,120,000 | -377,395,000 | -68,244,000 | 399,119,000 | 37,657,000 | -243,907,000 | 59,135,000 | -437,823,000 | -423,965,000 | 180,448,000 | -326,090,000 | 114,779,000 | -78,663,000 | -48,269,000 | 12,073,000 | 92,998,000 | 10,798,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
financing activities | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
additions to senior long-term debt and other debt | 295,472,000 | 170,754,000 | 171,254,000 | 277,365,000 | 263,456,000 | 155,720,000 | 176,969,000 | 829,067,000 | 272,449,000 | 149,008,000 | 119,879,000 | 194,934,000 | 161,151,000 | 276,111,000 | 228,890,000 | 274,766,000 | 254,285,000 | 209,438,000 | 95,492,000 | 741,220,000 | 152,355,000 | 33,337,000 | 26,911,000 | 73,507,000 | 89,428,000 | 66,359,000 | 844,094,000 | 647,373,000 | 87,356,000 | 61,136,000 | 36,700,000 | 56,407,000 | 52,706,000 | 622,019,000 | 12,740,000 | 10,596,000 | 19,302,000 | 5,763,000 | 20,302,000 | 516,912,000 | 16,323,000 | 20,026,000 | 8,541,000 | 13,519,000 | 27,711,000 | 25,405,000 | 34,926,000 | 19,029,000 | 10,120,000 | -16,699,000 | 46,979,000 | 8,965,000 | 507,969,000 | 31,432,000 | 387,655,000 | 41,388,000 | 32,317,000 | 7,477,000 | 259,635,000 | 35,717,000 | 0 | 7,221,000 | 23,476,000 | ||||||||||||||||||||||||||||
repayment of senior long-term debt and other debt | -217,063,000 | -150,897,000 | -251,753,000 | -306,823,000 | -202,809,000 | -180,206,000 | -222,757,000 | -284,371,000 | -209,415,000 | -137,779,000 | -165,593,000 | -277,037,000 | -369,227,000 | -272,153,000 | -595,687,000 | -198,134,000 | -189,031,000 | -116,573,000 | -152,809,000 | -145,762,000 | -71,586,000 | -48,304,000 | -135,388,000 | -62,030,000 | -30,274,000 | -423,158,000 | -566,797,000 | -77,619,000 | -36,100,000 | -43,150,000 | -65,891,000 | -77,852,000 | -102,306,000 | -35,456,000 | -84,952,000 | -129,647,000 | -9,917,000 | -31,250,000 | -212,531,000 | -16,305,000 | -12,699,000 | -13,884,000 | -29,160,000 | -17,441,000 | |||||||||||||||||||||||||||||||||||||||||||||||
repurchases of common stock | -133,931,000 | -85,505,000 | -74,393,000 | -99,351,000 | -170,270,000 | -183,639,000 | -128,897,000 | -99,310,000 | -160,882,000 | -175,886,000 | -82,432,000 | -105,197,000 | -81,964,000 | -82,706,000 | -81,799,000 | -46,995,000 | -79,296,000 | -84,141,000 | -61,551,000 | -38,803,000 | -22,023,000 | -2,889,000 | 0 | -78,000 | -23,865,000 | -34,309,000 | -12,732,000 | -31,617,000 | -37,649,000 | -23,178,000 | -6,572,000 | -11,968,000 | -12,289,000 | -26,402,000 | -25,242,000 | -35,682,000 | -23,512,000 | -35,639,000 | -297,000 | -14,486,000 | -720,000 | -4,229,000 | -4,592,000 | -5,122,000 | -17,548,000 | -131,000 | -8,515,000 | -125,000 | -17,282,000 | -526,000 | -16,004,000 | -40,689,000 | -169,000 | -811,000 | 0 | -13,763,000 | -2,299,000 | -19,944,000 | -17,829,000 | -19,864,000 | -4,387,000 | -363,000 | -18,332,000 | -33,004,000 | -8,902,000 | 0 | 0 | -1,000 | 0 | 0 | -45,879,000 | -1,000 | |||||||||||||||||||
net cash used by financing activities | -79,549,000 | -105,795,000 | -102,735,000 | -169,407,000 | -217,727,000 | -412,154,000 | -69,000 | -60,306,000 | -36,767,000 | -74,696,000 | -26,542,000 | -8,802,000 | -8,388,000 | -14,845,000 | -33,448,000 | -18,332,000 | -126,054,000 | -8,902,000 | -19,463,000 | -50,955,000 | 0 | -2,422,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
effect of foreign currency rate changes on cash, cash equivalents, restricted cash, and restricted cash equivalents | -10,169,000 | -10,307,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
increase in cash, cash equivalents, restricted cash, and restricted cash equivalents | -422,024,000 | -13,601,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash, cash equivalents, restricted cash, and restricted cash equivalents at beginning of period | 4,603,302,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash, cash equivalents, restricted cash, and restricted cash equivalents at end of period | 4,181,278,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
adjustments to reconcile net income to net cash from operating activities: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred income tax expense | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
depreciation and amortization expense | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net amortization of investment premium or discount | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net investment gains | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net foreign exchange losses | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
increase in receivables | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
increase in reinsurance recoverables | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
decrease in deferred policy acquisition costs | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
increase in prepaid reinsurance premiums | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
increase in unpaid losses and loss adjustment expenses | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
increase in unearned premiums | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
increase in payables to insurance and reinsurance companies | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cost of other investments purchased | -20,000 | -1,599,000 | -138,131,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash used by investing activities | -554,008,000 | -514,257,000 | -326,072,000 | -994,122,000 | -564,167,000 | -1,360,974,000 | -969,072,000 | -265,030,000 | -108,531,000 | -386,879,000 | -879,964,000 | -353,385,000 | -49,976,000 | 121,999,000 | -135,512,000 | -344,024,000 | -74,231,000 | 120,155,000 | -353,303,000 | 14,501,000 | -337,208,000 | 13,869,000 | -30,650,000 | 16,157,000 | -219,112,000 | -91,528,000 | 36,804,000 | 21,252,000 | -230,553,000 | -253,903,000 | -85,441,000 | -30,962,000 | -92,944,000 | 13,413,000 | -277,070,000 | -166,090,000 | -163,934,000 | -84,202,000 | -153,051,000 | -173,570,000 | -360,384,000 | -73,835,000 | -159,907,000 | -221,917,000 | -171,672,000 | -100,672,000 | -325,289,000 | -220,711,000 | -222,447,000 | ||||||||||||||||||||||||||||||||||||||||||
dividends paid on preferred stock | 0 | 0 | -18,000,000 | 0 | -18,000,000 | 0 | -18,000,000 | 0 | -18,000,000 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
redemption of preferred stock | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchase of noncontrolling interests | -2,447,000 | 0 | 9,000 | 0 | -9,000,000 | -32,706,000 | 0 | -21,665,000 | 0 | -3,075,000 | -11,483,000 | 0 | 0 | 0 | -9,754,000 | 0 | -6,465,000 | -195,000 | -6,863,000 | -266,000 | 0 | -9,098,000 | -8,970,000 | -89,000 | 0 | -2,160,000 | -10,314,000 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
distributions to noncontrolling interests | -1,117,000 | -2,366,000 | -1,842,000 | -1,845,000 | -2,246,000 | -2,093,000 | -2,808,000 | -1,200,000 | -2,149,000 | -1,109,000 | -4,706,000 | -1,970,000 | -1,584,000 | -2,004,000 | -2,341,000 | -2,018,000 | -744,000 | -2,149,000 | -1,038,000 | -2,563,000 | -1,234,000 | -1,331,000 | -1,159,000 | -1,782,000 | -931,000 | -1,364,000 | -1,168,000 | -1,141,000 | -1,204,000 | -747,000 | -2,032,000 | -2,863,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
redemption of markel catco re noncontrolling interests | 0 | 0 | 0 | -88,997,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash, cash equivalents, restricted cash, and restricted cash equivalents at beginning of year | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash, cash equivalents, restricted cash, and restricted cash equivalents at end of year | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash provided (used) by financing activities | -170,830,000 | -189,463,000 | -104,257,000 | -104,345,000 | -367,859,000 | -18,850,000 | 20,907,000 | -411,327,000 | 250,488,000 | 555,630,000 | -100,696,000 | -50,974,000 | -26,917,000 | -20,385,000 | -7,942,000 | -7,855,000 | -30,942,000 | -16,989,000 | -24,231,000 | 4,440,000 | 197,172,000 | 0 | 50,000,000 | 0 | -6,000 | -876,000 | -1,840,000 | 513,000 | 49,342,000 | 23,224,000 | 19,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sales, maturities, calls and prepayments of fixed maturity securities | 544,251,000 | 500,466,000 | 445,643,000 | 439,003,000 | 637,316,000 | 546,793,000 | 766,638,000 | 366,114,000 | 401,830,000 | 592,004,000 | 594,593,000 | 187,714,000 | 250,483,000 | 119,545,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
effect of foreign currency rate changes on cash, cash equivalents, restricted cash and restricted cash equivalents | 47,116,000 | 19,492,000 | -50,347,000 | 35,268,000 | -3,171,000 | -19,046,000 | 26,044,000 | -13,244,000 | -5,607,000 | 19,844,000 | 87,611,000 | -90,423,000 | -81,138,000 | -19,411,000 | -2,761,000 | -34,028,000 | 8,044,000 | -12,989,000 | 53,401,000 | 25,408,000 | 12,325,000 | -35,233,000 | 27,750,000 | -19,473,000 | -9,833,000 | 7,199,000 | -8,951,000 | -5,214,000 | -32,956,000 | 26,074,000 | -20,043,000 | 40,361,000 | 18,511,000 | 6,466,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
increase in cash, cash equivalents, restricted cash and restricted cash equivalents | -379,849,000 | 482,694,000 | -434,269,000 | 410,515,000 | -712,828,000 | -196,067,000 | 236,076,000 | -216,660,000 | -296,266,000 | 326,636,000 | 373,936,000 | 155,193,000 | -146,086,000 | -718,745,000 | -45,904,000 | -364,819,000 | 1,169,048,000 | 957,971,000 | 300,584,000 | 558,303,000 | -122,939,000 | 367,973,000 | -230,510,000 | 382,546,000 | -197,256,000 | -59,194,000 | 145,181,000 | -230,578,000 | 471,552,000 | 29,527,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash, cash equivalents, restricted cash and restricted cash equivalents at beginning of period | 0 | 4,192,248,000 | 0 | 0 | 4,332,034,000 | 0 | 0 | 5,221,513,000 | 0 | 0 | 4,880,947,000 | 0 | 0 | 5,216,649,000 | 0 | 0 | 3,500,353,000 | 0 | 0 | 2,396,432,000 | 0 | 0 | 2,500,846,000 | 0 | 0 | 2,085,164,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash, cash equivalents, restricted cash and restricted cash equivalents at end of period | -379,849,000 | 4,674,942,000 | 410,515,000 | -60,738,000 | 4,276,740,000 | -196,067,000 | 236,076,000 | 5,004,853,000 | -115,449,000 | -296,266,000 | 5,207,583,000 | 155,193,000 | -146,086,000 | 4,497,904,000 | -364,819,000 | 1,169,048,000 | 4,458,324,000 | 558,303,000 | -122,939,000 | 2,764,405,000 | 382,546,000 | -197,256,000 | 2,441,652,000 | -230,578,000 | 471,552,000 | 2,114,691,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net investment losses | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on sale of businesses | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
impairment of goodwill | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
decrease in life and annuity benefits | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
consolidation of markel catco re | 0 | 0 | 0 | 629,955,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
distributions to markel catco re noncontrolling interests for buy-out transaction | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sale of businesses | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash, cash equivalents, restricted cash and restricted cash equivalents at beginning of year | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash, cash equivalents, restricted cash and restricted cash equivalents at end of year | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sales of subsidiaries | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
decrease in cash, cash equivalents, restricted cash and restricted cash equivalents | -55,294,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
depreciation and amortization | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
increase in deferred policy acquisition costs | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cost of equity method and other investments purchased | -33,124,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
advance funding for repayment of senior long-term debt | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sale of business | 0 | 2,659,000 | 106,846,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
issuance of preferred stock | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
increase in income taxes payable | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sales of fixed maturity securities and equity securities | 42,680,000 | 43,626,000 | 69,296,000 | 69,118,000 | 35,787,000 | 117,725,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from maturities, calls and prepayments of fixed maturity securities | 216,791,000 | 195,720,000 | 171,327,000 | 100,123,000 | 134,655,000 | 148,418,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cost of fixed maturity securities and equity securities purchased | -1,040,769,000 | -969,682,000 | -814,613,000 | -595,695,000 | -557,395,000 | -315,826,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cost of equity method investments | 0 | 0 | -40,857,000 | -1,364,000 | -4,350,000 | -3,100,000 | -385,000 | -2,040,000 | -18,824,000 | -600,000 | -6,640,000 | -358,000 | -1,033,000 | -8,050,000 | -13,140,000 | -19,087,000 | -2,000,000 | -400,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
premiums and fees related to early extinguishment of debt | -16,987,000 | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash from financing activities | -69,617,000 | -124,897,000 | 510,574,000 | 53,707,000 | -131,909,000 | -14,172,000 | 231,189,000 | 9,103,000 | 1,741,000 | 17,771,000 | -922,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
impairment of goodwill and intangible assets | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sales of equity and cost method investments | 0 | 0 | 15,167,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from disposals of fixed assets | 19,938,000 | 208,000 | 381,000 | 2,168,000 | -174,000 | 13,955,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payment of contingent consideration | -21,259,000 | 0 | 0 | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sales of fixed maturities and equity securities | 266,421,000 | 27,614,000 | 93,928,000 | 98,923,000 | 133,453,000 | 57,431,000 | 127,326,000 | 93,714,000 | 140,728,000 | 217,323,000 | 97,809,000 | 173,231,000 | 89,287,000 | 35,712,000 | 103,618,000 | 125,824,000 | 100,668,000 | 327,499,000 | 111,571,000 | 28,187,000 | 71,721,000 | 103,634,000 | 141,662,000 | 381,128,000 | 660,447,000 | 382,200,000 | 373,255,000 | 71,275,000 | 52,834,000 | 143,034,000 | 50,085,000 | 74,366,000 | 69,063,000 | 97,690,000 | 37,214,000 | 69,917,000 | 33,658,000 | 108,745,000 | 77,690,000 | 88,833,000 | 73,905,000 | 32,509,000 | 10,314,000 | 113,150,000 | 116,289,000 | 145,276,000 | 308,601,000 | 227,708,000 | 181,354,000 | 401,788,000 | 543,563,000 | 295,630,000 | 318,996,000 | 436,049,000 | 276,133,000 | 593,889,000 | 532,994,000 | 461,867,000 | 768,729,000 | 443,469,000 | 854,101,000 | 792,248,000 | 1,007,607,000 | 1,510,313,000 | 880,426,000 | 703,892,000 | 536,293,000 | ||||||||||||||||||||||||
proceeds from maturities, calls and prepayments of fixed maturities | 104,226,000 | 325,711,000 | 140,530,000 | 177,646,000 | 128,449,000 | 92,291,000 | 84,798,000 | 183,459,000 | 191,260,000 | 181,139,000 | 272,733,000 | 274,148,000 | 401,875,000 | 229,155,000 | 262,103,000 | 255,452,000 | 216,455,000 | 341,116,000 | 351,566,000 | 422,412,000 | 388,522,000 | 310,689,000 | 326,982,000 | 342,255,000 | 440,891,000 | 624,744,000 | 360,419,000 | 370,064,000 | 120,711,000 | 156,208,000 | 97,986,000 | 137,212,000 | 119,291,000 | 53,682,000 | 89,317,000 | 112,952,000 | 60,076,000 | 126,598,000 | 79,616,000 | 59,683,000 | 87,151,000 | 106,505,000 | 59,612,000 | 87,970,000 | 96,442,000 | 184,743,000 | 35,289,000 | 69,162,000 | 68,546,000 | 67,934,000 | 28,573,000 | 42,084,000 | 35,406,000 | 79,056,000 | 14,249,000 | 44,251,000 | 26,594,000 | 90,185,000 | 74,307,000 | 44,887,000 | 39,381,000 | 63,581,000 | 75,254,000 | 57,137,000 | 53,051,000 | 30,586,000 | |||||||||||||||||||||||||
cost of fixed maturities and equity securities purchased | -382,415,000 | -298,407,000 | -169,892,000 | -260,115,000 | -227,556,000 | -136,650,000 | -223,888,000 | -687,998,000 | -497,377,000 | -13,843,000 | -223,124,000 | -346,607,000 | -592,707,000 | -477,543,000 | -403,641,000 | -462,109,000 | -862,646,000 | -647,653,000 | -371,667,000 | -324,383,000 | -232,551,000 | -465,980,000 | -788,328,000 | -784,011,000 | -1,114,736,000 | -913,882,000 | -364,362,000 | -310,378,000 | -62,775,000 | -35,512,000 | -104,939,000 | -80,062,000 | -205,926,000 | -213,885,000 | -169,891,000 | -142,282,000 | -87,944,000 | -180,400,000 | -498,987,000 | -413,395,000 | -205,841,000 | -99,244,000 | -8,474,000 | -107,805,000 | -128,291,000 | -250,856,000 | -215,340,000 | -344,888,000 | -541,086,000 | -640,410,000 | -689,456,000 | -309,595,000 | -486,157,000 | -602,758,000 | -378,887,000 | -708,059,000 | -754,355,000 | -807,809,000 | -1,049,889,000 | -580,722,000 | -1,059,421,000 | -1,094,665,000 | -1,252,510,000 | -1,655,943,000 | -1,233,462,000 | -1,072,335,000 | -694,951,000 | ||||||||||||||||||||||||
net cash from investing activities | 906,619,000 | 30,662,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
increase in accrued expenses | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
increase in other liabilities | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss on early extinguishment of debt | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net realized investment losses | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
decrease in receivables | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sales of equity method investments | 415,000 | 57,000 | 474,000 | 2,407,000 | -535,000 | 2,846,000 | 999,000 | 5,480,000 | 951,000 | 839,000 | 6,362,000 | 15,003,000 | 5,354,000 | 11,710,000 | 7,710,000 | 82,518,000 | 85,556,000 | 152,631,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
issuance of common stock | 193,000 | 0 | 0 | 359,000 | 92,000 | 430,000 | 1,068,000 | 3,033,000 | 781,000 | 362,000 | 3,180,000 | 429,000 | 731,000 | 238,000 | 359,000 | 4,363,000 | 5,855,000 | 2,728,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
adjustments to reconcile net income to net cash provided (used) by operating activities | -59,094,000 | -268,215,000 | -33,709,000 | -19,064,000 | -81,772,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash provided (used) by operating activities | 11,946,000 | -104,569,000 | 55,554,000 | -9,203,000 | -5,182,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net realized investment gains | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
decrease in other liabilities | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
change in restricted cash and cash equivalents | 32,299,000 | -28,932,000 | 97,061,000 | -7,058,000 | -73,879,000 | 145,951,000 | 31,093,000 | -40,841,000 | 61,066,000 | -667,000 | 51,405,000 | 152,897,000 | -186,755,000 | -203,755,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
repayment and retirement of senior long-term debt and other debt | -8,608,000 | -1,884,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchase of redeemable noncontrolling interests | -17,758,000 | 0 | -3,412,000 | 0 | -8,440,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
effect of foreign currency rate changes on cash and cash equivalents | -26,399,000 | -4,535,000 | -13,293,000 | 11,434,000 | -8,369,000 | -15,860,000 | 13,484,000 | -22,128,000 | -24,336,000 | -32,341,000 | 9,886,000 | 971,000 | 402,000 | 14,875,000 | -1,246,000 | -7,546,000 | -471,000 | 4,272,000 | -3,363,000 | 2,704,000 | -7,694,000 | 1,509,000 | 3,678,000 | 9,448,000 | -4,327,000 | -4,359,000 | -5,143,000 | 5,843,000 | 13,438,000 | -4,389,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
increase in cash and cash equivalents | -417,651,000 | 368,808,000 | -2,082,000 | 194,578,000 | -178,543,000 | -207,286,000 | 172,894,000 | -136,796,000 | 412,700,000 | 138,353,000 | -2,380,000 | 152,239,000 | 131,279,000 | 49,003,000 | -212,822,000 | -188,718,000 | 352,275,000 | 39,161,000 | 7,397,000 | 51,119,000 | -93,690,000 | 70,093,000 | 134,395,000 | 94,035,000 | 151,298,000 | 70,210,000 | 2,077,000 | 21,127,000 | 28,631,000 | -9,360,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents at beginning of year | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents at end of year | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents at beginning of period | 0 | 0 | 2,630,009,000 | 0 | 0 | 1,960,169,000 | 0 | 0 | 1,978,526,000 | 0 | -109,415,000 | 973,181,000 | 0 | 0 | 775,032,000 | 0 | 0 | 745,259,000 | 0 | 0 | 850,494,000 | 0 | 0 | 639,578,000 | 0 | 0 | 477,661,000 | 0 | 0 | 0 | 333,757,000 | 0 | 0 | 378,939,000 | 0 | 0 | 372,511,000 | 0 | 0 | 444,236,000 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents at end of period | 148,460,000 | -276,227,000 | 2,284,165,000 | 408,257,000 | -105,143,000 | 1,958,087,000 | -178,543,000 | -207,286,000 | 2,151,420,000 | 412,700,000 | 803,547,000 | 899,075,000 | -2,380,000 | 145,411,000 | 691,797,000 | 152,239,000 | 118,007,000 | 649,947,000 | 131,279,000 | 49,003,000 | 637,672,000 | 352,275,000 | 39,161,000 | 646,975,000 | -93,690,000 | 70,093,000 | 612,056,000 | -19,789,000 | 70,210,000 | 45,189,000 | 288,418,000 | -14,390,000 | 59,320,000 | 332,405,000 | -11,044,000 | 102,145,000 | 265,522,000 | 21,127,000 | 103,531,000 | 245,776,000 | -9,360,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
decrease in cash and cash equivalents | -276,227,000 | -345,844,000 | -74,106,000 | -83,235,000 | -95,312,000 | -45,339,000 | -46,534,000 | -11,044,000 | 102,145,000 | -106,989,000 | -198,460,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
decrease in payables to insurance and reinsurance companies | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
repayments of senior long-term debt and other debt | -3,037,000 | -268,522,000 | -191,591,000 | -43,661,000 | -27,868,000 | -4,355,000 | -19,165,000 | -33,873,000 | -6,148,000 | -231,000 | -1,318,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
increase in payables to insurance companies | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchase of noncontrolling interest | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
adjustments to reconcile net income to net cash used by operating activities | -122,105,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash used by operating activities | -64,392,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
decrease in unearned premiums | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cost of investments in affiliates | -1,492,000 | -3,683,000 | -771,000 | -1,547,000 | -5,657,000 | -2,902,000 | -3,075,000 | -2,700,000 | -1,003,000 | 0 | -55,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
retirement of junior subordinated deferrable interest debentures | 0 | 0 | 0 | -14,394,000 | -19,463,000 | -2,564,000 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
fixed maturities: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
u.s. treasury securities and obligations of u.s. government agencies | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
obligations of states, municipalities and political subdivisions | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
foreign governments | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
residential mortgage-backed securities | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
asset-backed securities | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
public utilities | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
convertible bonds | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
all other corporate bonds | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total fixed maturities | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
equity securities: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
insurance companies, banks and trusts | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
industrial, consumer and all other | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total equity securities | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
short-term investments | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investments, available-for-sale | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
additions to long-term debt | 0 | 49,262,000 | 198,020,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
repayment of long-term debt | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
additions to senior long-term debt | 0 | 150,000,000 | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
repayment of senior long-term debt | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
repayments of senior long-term debt | -100,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
decrease (increase) in deferred policy acquisition costs | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
repayment and retirement of senior long-term debt | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
convertibles and bonds with warrants | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
industrial, miscellaneous and all other | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
nonredeemable preferred stocks | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net proceeds from sale of subsidiary | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
repayments and retirement of senior long-term debt | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
retirement of senior long-term debt | -2,037,000 | 0 | -2,512,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investment in affiliates | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total investments | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investments in affiliates | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
sale of subsidiary, net of cash sold | -13,957,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred income tax benefit | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
decrease (increase) in receivables | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash from (used by) financing activities | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
repurchase of common stock | 0 | -2,422,000 | 0 | -1,000 | -1,116,000 | -2,268,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
repayments and repurchases of senior long-term debt and convertible notes payable | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
fixed maturities | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
equity securities | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
repayments and repurchases of senior long-term debt | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net realized gains from investment sales | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
additions to senior long-term debt and convertible notes payable | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
banks, trusts and insurance companies | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
repayments and repurchases of long-term debt and convertible notes payable | 0 | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
repayments and repurchases of long-term debt | -175,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
acquisitions of insurance companies, net of cash acquired | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
sales of insurance companies, net of cash sold | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
additions to long-term debt and convertible notes payable | 105,000,000 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from maturities of fixed maturities |