2017 Q4 Form 10-Q Financial Statement

#000001154417000088 Filed on November 08, 2017

View on sec.gov

Income Statement

Concept 2017 Q4 2017 Q3 2017 Q1
Revenue $1.935B $2.031B $1.870B
YoY Change -1.85% 0.58% 3.5%
Cost Of Revenue $1.081B $979.6M
YoY Change 11.94% 6.21%
Gross Profit $950.2M $890.8M
YoY Change -9.84% 0.67%
Gross Profit Margin 46.78% 47.63%
Selling, General & Admin $32.50M $32.50M $29.90M
YoY Change -7.14% 0.31% -11.54%
% of Gross Profit 3.42% 3.36%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $34.90M $33.40M $18.10M
YoY Change 106.51% 49.78% -40.07%
% of Gross Profit 3.52% 2.03%
Operating Expenses $1.696B $1.767B $1.644B
YoY Change -0.45% 6.85% 2.96%
Operating Profit -$816.4M -$753.0M
YoY Change 36.2% 5.8%
Interest Expense -$37.90M $36.82M $36.80M
YoY Change 3.84% -0.6% 14.2%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $201.4M $226.1M $184.3M
YoY Change -13.11% -31.81% 5.51%
Income Tax $65.90M $63.30M $59.62M
% Of Pretax Income 32.72% 27.99% 32.35%
Net Earnings $154.6M $162.1M $123.4M
YoY Change 1.18% -26.56% 3.29%
Net Earnings / Revenue 7.99% 7.98% 6.6%
Basic Earnings Per Share $1.22 $1.29 $1.01
Diluted Earnings Per Share $1.21 $1.26 $0.96
COMMON SHARES
Basic Shares Outstanding 121.8M shares 125.8M shares 121.9M shares
Diluted Shares Outstanding 128.9M shares 128.5M shares

Balance Sheet

Concept 2017 Q4 2017 Q3 2017 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $950.5M $774.0M $608.4M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $189.0M $297.0M $29.00M
YoY Change -61.03% 59.68% -92.25%
LONG-TERM ASSETS
Property, Plant & Equipment $423.0M $399.9M $356.9M
YoY Change 21.04% 14.86% 3.01%
Goodwill $178.9M $173.4M $28.52M
YoY Change 23.83% 29.28% -81.45%
Intangibles
YoY Change
Long-Term Investments $1.156B $1.120B $1.239B
YoY Change -3.54% -9.08% 5.02%
Other Assets
YoY Change
Total Long-Term Assets $24.11B $24.04B $23.52B
YoY Change 5.45% 3.8% 7.6%
TOTAL ASSETS
Total Short-Term Assets $189.0M $297.0M $29.00M
Total Long-Term Assets $24.11B $24.04B $23.52B
Total Assets $24.30B $24.34B $23.55B
YoY Change 4.07% 4.24% 5.92%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $11.00M
YoY Change
LONG-TERM LIABILITIES
Long-Term Debt $2.497B $2.488B $2.487B
YoY Change 0.36% -0.08% 10.0%
Other Long-Term Liabilities $1.046B $968.0M $826.0M
YoY Change 8.17% -5.93% 4.56%
Total Long-Term Liabilities $3.543B $3.456B $3.313B
YoY Change 2.55% -1.79% 8.59%
TOTAL LIABILITIES
Total Short-Term Liabilities $11.00M
Total Long-Term Liabilities $3.543B $3.456B $3.313B
Total Liabilities $18.85B $18.87B $18.33B
YoY Change 3.17% 2.62% 5.08%
SHAREHOLDERS EQUITY
Retained Earnings $6.957B $6.880B $6.704B
YoY Change 5.47% 5.53% 6.7%
Common Stock $1.095B $1.088B $1.095B
YoY Change 1.0% 1.22% 3.21%
Preferred Stock
YoY Change
Treasury Stock (at cost) $2.709B $2.691B $2.688B
YoY Change 0.76% 1.22% 3.38%
Treasury Stock Shares 113.6M shares 113.3M shares 112.5M shares
Shareholders Equity $5.411B $5.431B $5.180B
YoY Change
Total Liabilities & Shareholders Equity $24.30B $24.34B $23.55B
YoY Change 4.07% 4.24% 5.92%

Cashflow Statement

Concept 2017 Q4 2017 Q3 2017 Q1
OPERATING ACTIVITIES
Net Income $154.6M $162.1M $123.4M
YoY Change 1.18% -26.56% 3.29%
Depreciation, Depletion And Amortization $34.90M $33.40M $18.10M
YoY Change 106.51% 49.78% -40.07%
Cash From Operating Activities $189.0M $297.0M $75.47M
YoY Change 55.05% -24.66% -46.39%
INVESTING ACTIVITIES
Capital Expenditures -$118.5M -$33.70M $12.46M
YoY Change 13.61% -69.36% -0.03%
Acquisitions $71.35M
YoY Change 31.36%
Other Investing Activities $219.1M -$176.0M -$208.6M
YoY Change 96.33% -32.93% 430.79%
Cash From Investing Activities $100.6M -$209.8M -$269.8M
YoY Change 1259.46% -43.68% 155.57%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00
YoY Change -100.0%
Debt Paid & Issued, Net $1.475M
YoY Change -95.63%
Cash From Financing Activities -107.7M -108.9M -$2.756M
YoY Change -43.7% 12.15% -110.06%
NET CHANGE
Cash From Operating Activities 189.0M 297.0M $75.47M
Cash From Investing Activities 100.6M -209.8M -$269.8M
Cash From Financing Activities -107.7M -108.9M -$2.756M
Net Change In Cash 181.9M -21.70M -$197.0M
YoY Change -393.39% -71.22% -414.69%
FREE CASH FLOW
Cash From Operating Activities $189.0M $297.0M $75.47M
Capital Expenditures -$118.5M -$33.70M $12.46M
Free Cash Flow $307.5M $330.7M $63.02M
YoY Change 35.94% -34.41% -50.89%

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HeldToMaturitySecuritiesAmortizedCostBeforeOtherThanTemporaryImpairment
79396000 USD
CY2016Q4 us-gaap Held To Maturity Securities Fair Value
HeldToMaturitySecuritiesFairValue
102672000 USD
CY2017Q3 us-gaap Held To Maturity Securities Fair Value
HeldToMaturitySecuritiesFairValue
96060000 USD
CY2016Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
331615000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
664605000 USD
CY2017Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
226113000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
571370000 USD
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
60385000 USD
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
50744000 USD
us-gaap Income Loss From Equity Method Investments Net Of Dividends Or Distributions
IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions
60387000 USD
us-gaap Income Loss From Equity Method Investments Net Of Dividends Or Distributions
IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions
51907000 USD
CY2016Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
110952000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
214789000 USD
CY2017Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
63295000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
174305000 USD
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
99161000 USD
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
182487000 USD
us-gaap Increase Decrease In Broker Dealer Related Receivables Payables Net
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-102981000 USD
us-gaap Increase Decrease In Broker Dealer Related Receivables Payables Net
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-39978000 USD
us-gaap Increase Decrease In Deferred Income Taxes
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-89007000 USD
us-gaap Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
15451000 USD
us-gaap Increase Decrease In Deferred Policy Acquisition Costs
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51795000 USD
us-gaap Increase Decrease In Deferred Policy Acquisition Costs
IncreaseDecreaseInDeferredPolicyAcquisitionCosts
-4483000 USD
us-gaap Increase Decrease In Other Operating Liabilities
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-32258000 USD
us-gaap Increase Decrease In Premiums Receivable
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92372000 USD
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440486000 USD
us-gaap Increase Decrease In Liability For Claims And Claims Adjustment Expense Reserve
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422657000 USD
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-64608000 USD
us-gaap Increase Decrease In Premiums Receivable
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112420000 USD
us-gaap Increase Decrease In Reinsurance Recoverable
IncreaseDecreaseInReinsuranceRecoverable
154939000 USD
us-gaap Increase Decrease In Reinsurance Recoverable
IncreaseDecreaseInReinsuranceRecoverable
42319000 USD
us-gaap Increase Decrease In Trading Securities
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4777000 USD
us-gaap Increase Decrease In Trading Securities
IncreaseDecreaseInTradingSecurities
2835000 USD
us-gaap Increase Decrease In Unearned Premiums
IncreaseDecreaseInUnearnedPremiums
269287000 USD
us-gaap Increase Decrease In Unearned Premiums
IncreaseDecreaseInUnearnedPremiums
121583000 USD
CY2016Q3 us-gaap Increase Decrease In Unearned Premiums Net
IncreaseDecreaseInUnearnedPremiumsNet
-21421000 USD
us-gaap Increase Decrease In Unearned Premiums Net
IncreaseDecreaseInUnearnedPremiumsNet
-240584000 USD
CY2017Q3 us-gaap Increase Decrease In Unearned Premiums Net
IncreaseDecreaseInUnearnedPremiumsNet
10317000 USD
us-gaap Increase Decrease In Unearned Premiums Net
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CY2016Q3 us-gaap Insurance Commissions And Fees
InsuranceCommissionsAndFees
32135000 USD
us-gaap Insurance Commissions And Fees
InsuranceCommissionsAndFees
109437000 USD
CY2017Q3 us-gaap Insurance Commissions And Fees
InsuranceCommissionsAndFees
33612000 USD
us-gaap Insurance Commissions And Fees
InsuranceCommissionsAndFees
100475000 USD
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InterestExpense
37043000 USD
us-gaap Interest Expense
InterestExpense
104019000 USD
CY2017Q3 us-gaap Interest Expense
InterestExpense
36821000 USD
us-gaap Interest Expense
InterestExpense
110419000 USD
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InterestPaid
124791000 USD
us-gaap Interest Paid
InterestPaid
134291000 USD
CY2016Q3 us-gaap Investment Income Interest And Dividend
InvestmentIncomeInterestAndDividend
147659000 USD
us-gaap Investment Income Interest And Dividend
InvestmentIncomeInterestAndDividend
412485000 USD
CY2017Q3 us-gaap Investment Income Interest And Dividend
InvestmentIncomeInterestAndDividend
144098000 USD
us-gaap Investment Income Interest And Dividend
InvestmentIncomeInterestAndDividend
431694000 USD
CY2016Q3 us-gaap Investment Income Investment Expense
InvestmentIncomeInvestmentExpense
1991000 USD
us-gaap Investment Income Investment Expense
InvestmentIncomeInvestmentExpense
7635000 USD
CY2017Q3 us-gaap Investment Income Investment Expense
InvestmentIncomeInvestmentExpense
1619000 USD
us-gaap Investment Income Investment Expense
InvestmentIncomeInvestmentExpense
5093000 USD
CY2016Q4 us-gaap Investments
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16649792000 USD
CY2017Q3 us-gaap Investments
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17561363000 USD
CY2016Q4 us-gaap Junior Subordinated Notes
JuniorSubordinatedNotes
727630000 USD
CY2017Q3 us-gaap Junior Subordinated Notes
JuniorSubordinatedNotes
728071000 USD
CY2016Q4 us-gaap Liabilities
Liabilities
18268942000 USD
CY2017Q3 us-gaap Liabilities
Liabilities
18865427000 USD
CY2016Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
23350076000 USD
CY2017Q3 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
24336076000 USD
CY2016Q3 us-gaap Liability For Claims And Claims Adjustment Expense
LiabilityForClaimsAndClaimsAdjustmentExpense
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CY2016Q4 us-gaap Liability For Claims And Claims Adjustment Expense
LiabilityForClaimsAndClaimsAdjustmentExpense
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CY2017Q3 us-gaap Liability For Claims And Claims Adjustment Expense
LiabilityForClaimsAndClaimsAdjustmentExpense
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612615000 USD
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2852339000 USD
us-gaap Liability For Unpaid Claims And Claims Adjustment Expense Incurred Claims1
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseIncurredClaims1
3025475000 USD
us-gaap Liability For Unpaid Claims And Claims Adjustment Expense Claims Paid Current Year1
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628078000 USD
us-gaap Liability For Unpaid Claims And Claims Adjustment Expense Claims Paid Prior Years1
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseClaimsPaidPriorYears1
1931454000 USD
us-gaap Liability For Unpaid Claims And Claims Adjustment Expense Claims Paid Prior Years1
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseClaimsPaidPriorYears1
1996977000 USD
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9244872000 USD
CY2016Q3 us-gaap Liability For Unpaid Claims And Claims Adjustment Expense Net
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseNet
9546876000 USD
CY2016Q4 us-gaap Liability For Unpaid Claims And Claims Adjustment Expense Net
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseNet
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CY2017Q3 us-gaap Liability For Unpaid Claims And Claims Adjustment Expense Net
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseNet
10048474000 USD
CY2016Q4 us-gaap Loans And Leases Receivable Gross Carrying Amount
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106798000 USD
CY2017Q3 us-gaap Loans And Leases Receivable Gross Carrying Amount
LoansAndLeasesReceivableGrossCarryingAmount
74229000 USD
CY2016Q4 us-gaap Loans Receivable Fair Value Disclosure
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108299000 USD
CY2017Q3 us-gaap Loans Receivable Fair Value Disclosure
LoansReceivableFairValueDisclosure
76615000 USD
CY2016Q4 us-gaap Marketable Securities Fixed Maturities
MarketableSecuritiesFixedMaturities
13190668000 USD
CY2017Q3 us-gaap Marketable Securities Fixed Maturities
MarketableSecuritiesFixedMaturities
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CY2016Q3 us-gaap Marketable Securities Realized Gain Loss Excluding Other Than Temporary Impairments
MarketableSecuritiesRealizedGainLossExcludingOtherThanTemporaryImpairments
175738000 USD
us-gaap Marketable Securities Realized Gain Loss Excluding Other Than Temporary Impairments
MarketableSecuritiesRealizedGainLossExcludingOtherThanTemporaryImpairments
207508000 USD
CY2017Q3 us-gaap Marketable Securities Realized Gain Loss Excluding Other Than Temporary Impairments
MarketableSecuritiesRealizedGainLossExcludingOtherThanTemporaryImpairments
183959000 USD
us-gaap Marketable Securities Realized Gain Loss Excluding Other Than Temporary Impairments
MarketableSecuritiesRealizedGainLossExcludingOtherThanTemporaryImpairments
276760000 USD
CY2016Q3 us-gaap Marketable Securities Realized Gain Loss Other Than Temporary Impairments Amount
MarketableSecuritiesRealizedGainLossOtherThanTemporaryImpairmentsAmount
0 USD
us-gaap Marketable Securities Realized Gain Loss Other Than Temporary Impairments Amount
MarketableSecuritiesRealizedGainLossOtherThanTemporaryImpairmentsAmount
18114000 USD
CY2017Q3 us-gaap Marketable Securities Realized Gain Loss Other Than Temporary Impairments Amount
MarketableSecuritiesRealizedGainLossOtherThanTemporaryImpairmentsAmount
0 USD
us-gaap Marketable Securities Realized Gain Loss Other Than Temporary Impairments Amount
MarketableSecuritiesRealizedGainLossOtherThanTemporaryImpairmentsAmount
0 USD
CY2016Q4 us-gaap Minority Interest
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CY2017Q3 us-gaap Minority Interest
MinorityInterest
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CY2016Q4 us-gaap Mortgage Loans On Real Estate Commercial And Consumer Net
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106798000 USD
CY2017Q3 us-gaap Mortgage Loans On Real Estate Commercial And Consumer Net
MortgageLoansOnRealEstateCommercialAndConsumerNet
74229000 USD
us-gaap Net Cash Provided By Used In Financing Activities
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us-gaap Net Cash Provided By Used In Financing Activities
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us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
726510000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
521858000 USD
CY2016Q3 us-gaap Net Income Loss
NetIncomeLoss
220650000 USD
us-gaap Net Income Loss
NetIncomeLoss
449127000 USD
CY2017Q3 us-gaap Net Income Loss
NetIncomeLoss
162054000 USD
us-gaap Net Income Loss
NetIncomeLoss
394505000 USD
CY2016Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
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us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
689000 USD
CY2017Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
764000 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
2560000 USD
CY2016Q3 us-gaap Net Investment Income
NetInvestmentIncome
145668000 USD
us-gaap Net Investment Income
NetInvestmentIncome
404850000 USD
CY2017Q3 us-gaap Net Investment Income
NetInvestmentIncome
142479000 USD
us-gaap Net Investment Income
NetInvestmentIncome
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2 segment
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OperatingCostsAndExpenses
1688112000 USD
us-gaap Operating Costs And Expenses
OperatingCostsAndExpenses
5017935000 USD
CY2017Q3 us-gaap Operating Costs And Expenses
OperatingCostsAndExpenses
1805229000 USD
us-gaap Operating Costs And Expenses
OperatingCostsAndExpenses
5178438000 USD
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OperatingLeasesFutureMinimumPaymentsReceivableCurrent
28251980 USD
CY2017Q3 us-gaap Operating Leases Future Minimum Payments Receivable In Five Years
OperatingLeasesFutureMinimumPaymentsReceivableInFiveYears
29966679 USD
CY2017Q3 us-gaap Operating Leases Future Minimum Payments Receivable In Four Years
OperatingLeasesFutureMinimumPaymentsReceivableInFourYears
30054813 USD
CY2017Q3 us-gaap Operating Leases Future Minimum Payments Receivable In Three Years
OperatingLeasesFutureMinimumPaymentsReceivableInThreeYears
29415103 USD
CY2017Q3 us-gaap Operating Leases Future Minimum Payments Receivable In Two Years
OperatingLeasesFutureMinimumPaymentsReceivableInTwoYears
30174146 USD
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OperatingLeasesFutureMinimumPaymentsReceivableRemainderOfFiscalYear
4966133 USD
CY2017Q3 us-gaap Operating Leases Future Minimum Payments Receivable Thereafter
OperatingLeasesFutureMinimumPaymentsReceivableThereafter
467192215 USD
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CY2017Q3 us-gaap Other Assets
OtherAssets
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CY2017Q3 us-gaap Other Comprehensive Income Loss Before Tax
OtherComprehensiveIncomeLossBeforeTax
20029000 USD
us-gaap Other Comprehensive Income Loss Before Tax
OtherComprehensiveIncomeLossBeforeTax
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OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
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us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
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CY2017Q3 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
28592000 USD
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
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CY2016Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
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us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
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CY2017Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
20424000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
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CY2017Q3 us-gaap Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
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us-gaap Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
23550000 USD
CY2016Q3 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
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us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
134213000 USD
CY2017Q3 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
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us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
26598000 USD
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us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
1770450000 USD
CY2017Q3 us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
600822000 USD
us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
1821155000 USD
CY2016Q3 us-gaap Other Income
OtherIncome
0 USD
us-gaap Other Income
OtherIncome
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CY2017Q3 us-gaap Other Income
OtherIncome
6000 USD
us-gaap Other Income
OtherIncome
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CY2017Q3 us-gaap Other Liabilities
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CY2016Q3 us-gaap Other Than Temporary Impairment Losses Investments Portion Recognized In Earnings Net
OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNet
0 USD
us-gaap Other Than Temporary Impairment Losses Investments Portion Recognized In Earnings Net
OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNet
18114000 USD
CY2017Q3 us-gaap Other Than Temporary Impairment Losses Investments Portion Recognized In Earnings Net
OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNet
0 USD
us-gaap Other Than Temporary Impairment Losses Investments Portion Recognized In Earnings Net
OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNet
0 USD
us-gaap Payments For Losses And Loss Adjustment Expense
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us-gaap Payments For Losses And Loss Adjustment Expense
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us-gaap Payments For Proceeds From Loans Receivable
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PaymentsForProceedsFromLoansReceivable
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us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
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us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
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us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
4280457000 USD
us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
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us-gaap Payments To Acquire Available For Sale Securities Equity
PaymentsToAcquireAvailableForSaleSecuritiesEquity
127303000 USD
us-gaap Payments To Acquire Available For Sale Securities Equity
PaymentsToAcquireAvailableForSaleSecuritiesEquity
17049000 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
53524000 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
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us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
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us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
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us-gaap Payments To Acquire Real Estate
PaymentsToAcquireRealEstate
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us-gaap Payments To Acquire Real Estate
PaymentsToAcquireRealEstate
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CY2016Q3 us-gaap Policyholder Benefits And Claims Incurred Net
PolicyholderBenefitsAndClaimsIncurredNet
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us-gaap Policyholder Benefits And Claims Incurred Net
PolicyholderBenefitsAndClaimsIncurredNet
2852339000 USD
CY2017Q3 us-gaap Policyholder Benefits And Claims Incurred Net
PolicyholderBenefitsAndClaimsIncurredNet
1081174000 USD
us-gaap Policyholder Benefits And Claims Incurred Net
PolicyholderBenefitsAndClaimsIncurredNet
3025475000 USD
CY2016Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.1
CY2017Q3 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.1
CY2016Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
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CY2017Q3 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
5000000 shares
CY2016Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2017Q3 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2016Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2017Q3 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2016Q4 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2017Q3 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2016Q4 us-gaap Premiums And Other Receivables Net
PremiumsAndOtherReceivablesNet
1701854000 USD
CY2017Q3 us-gaap Premiums And Other Receivables Net
PremiumsAndOtherReceivablesNet
1818836000 USD
CY2016Q3 us-gaap Premiums Earned Net
PremiumsEarnedNet
1585944000 USD
us-gaap Premiums Earned Net
PremiumsEarnedNet
4673072000 USD
CY2017Q3 us-gaap Premiums Earned Net
PremiumsEarnedNet
1581500000 USD
us-gaap Premiums Earned Net
PremiumsEarnedNet
4720244000 USD
CY2016Q3 us-gaap Premiums Written Net
PremiumsWrittenNet
1607365000 USD
us-gaap Premiums Written Net
PremiumsWrittenNet
4913656000 USD
CY2017Q3 us-gaap Premiums Written Net
PremiumsWrittenNet
1571183000 USD
us-gaap Premiums Written Net
PremiumsWrittenNet
4782272000 USD
CY2016Q4 us-gaap Prepaid Reinsurance Premiums
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413140000 USD
CY2017Q3 us-gaap Prepaid Reinsurance Premiums
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473766000 USD
us-gaap Proceeds From Divestiture Of Businesses Net Of Cash Divested
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250216000 USD
us-gaap Proceeds From Divestiture Of Businesses Net Of Cash Divested
ProceedsFromDivestitureOfBusinessesNetOfCashDivested
0 USD
us-gaap Proceeds From Issuance Of Debt
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386848000 USD
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ProceedsFromIssuanceOfDebt
0 USD
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2189365000 USD
us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
2860678000 USD
us-gaap Proceeds From Payments For Other Financing Activities
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us-gaap Proceeds From Payments For Other Financing Activities
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us-gaap Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
1074630000 USD
us-gaap Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
3081619000 USD
us-gaap Proceeds From Sale Of Available For Sale Securities Equity
ProceedsFromSaleOfAvailableForSaleSecuritiesEquity
123187000 USD
us-gaap Proceeds From Sale Of Available For Sale Securities Equity
ProceedsFromSaleOfAvailableForSaleSecuritiesEquity
137062000 USD
us-gaap Proceeds From Sale Of Equity Method Investments
ProceedsFromSaleOfEquityMethodInvestments
5630000 USD
us-gaap Proceeds From Sale Of Equity Method Investments
ProceedsFromSaleOfEquityMethodInvestments
265371000 USD
CY2016Q3 us-gaap Profit Loss
ProfitLoss
220663000 USD
us-gaap Profit Loss
ProfitLoss
449816000 USD
CY2017Q3 us-gaap Profit Loss
ProfitLoss
162818000 USD
us-gaap Profit Loss
ProfitLoss
397065000 USD
CY2016Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
349432000 USD
CY2017Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
399924000 USD
CY2016Q4 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
14996000 USD
CY2017Q3 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
20378000 USD
CY2016Q4 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
1184981000 USD
CY2017Q3 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
1391274000 USD
CY2016Q4 us-gaap Real Estate Investments
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1391274000 USD
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189394000 USD
us-gaap Realized Investment Gains Losses
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276760000 USD
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484593000 USD
CY2017Q3 us-gaap Receivables From Brokers Dealers And Clearing Organizations
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297208000 USD
CY2016Q3 us-gaap Reinsurance Effect On Claims And Benefits Incurred Amount Ceded
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213065000 USD
us-gaap Reinsurance Effect On Claims And Benefits Incurred Amount Ceded
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507258000 USD
CY2017Q3 us-gaap Reinsurance Effect On Claims And Benefits Incurred Amount Ceded
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247104000 USD
us-gaap Reinsurance Effect On Claims And Benefits Incurred Amount Ceded
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424905000 USD
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213128000 USD
CY2017Q3 us-gaap Reinsurance Payable
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228539000 USD
CY2016Q3 us-gaap Reinsurance Recoverable For Unpaid Claims And Claims Adjustments
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1550954000 USD
CY2017Q3 us-gaap Reinsurance Recoverable For Unpaid Claims And Claims Adjustments
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1605872000 USD
CY2016Q4 us-gaap Reinsurance Recoverables
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1743980000 USD
CY2017Q3 us-gaap Reinsurance Recoverables
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1739835000 USD
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1000000 USD
CY2017Q3 us-gaap Reinsurance Recoverables Allowance
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1000000 USD
us-gaap Repayments Of Long Term Debt
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70567000 USD
us-gaap Repayments Of Long Term Debt
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1788000 USD
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6595987000 USD
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6880062000 USD
CY2016Q3 us-gaap Revenues
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2019727000 USD
us-gaap Revenues
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5682540000 USD
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2031342000 USD
us-gaap Revenues
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5749808000 USD
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4117000 USD
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5382000 USD
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27033000 USD
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31883000 USD
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5047208000 USD
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5430536000 USD
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5081134000 USD
CY2017Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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5470649000 USD
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2838777000 USD
us-gaap Supplemental Information For Property Casualty Insurance Underwriters Current Year Claims And Claims Adjustment Expense
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2998687000 USD
us-gaap Supplemental Information For Property Casualty Insurance Underwriters Prior Year Claims And Claims Adjustment Expense
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42000000 USD
CY2016 us-gaap Supplemental Information For Property Casualty Insurance Underwriters Prior Year Claims And Claims Adjustment Expense
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42000000 USD
us-gaap Supplemental Information For Property Casualty Insurance Underwriters Prior Year Claims And Claims Adjustment Expense
SupplementalInformationForPropertyCasualtyInsuranceUnderwritersPriorYearClaimsAndClaimsAdjustmentExpense
31000000 USD
us-gaap Supplemental Information For Property Casualty Insurance Underwriters Prior Year Claims And Claims Adjustment Expense
SupplementalInformationForPropertyCasualtyInsuranceUnderwritersPriorYearClaimsAndClaimsAdjustmentExpense
30600000 USD
CY2016Q4 us-gaap Trading Liabilities
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51179000 USD
CY2017Q3 us-gaap Trading Liabilities
TradingLiabilities
44937000 USD
CY2016Q4 us-gaap Trading Securities
TradingSecurities
300000000 USD
CY2016Q4 us-gaap Trading Securities
TradingSecurities
299999000 USD
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TradingSecurities
488238000 USD
CY2017Q3 us-gaap Trading Securities
TradingSecurities
488000000 USD
CY2016Q4 us-gaap Treasury Stock Shares
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113924319 shares
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TreasuryStockShares
113348809 shares
CY2016Q4 us-gaap Treasury Stock Value
TreasuryStockValue
2688817000 USD
CY2017Q3 us-gaap Treasury Stock Value
TreasuryStockValue
2690884000 USD
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3283300000 USD
CY2017Q3 us-gaap Unearned Premiums
UnearnedPremiums
3409628000 USD
CY2016Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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128556000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
128501000 shares
CY2017Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
128944000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
129289000 shares
CY2016Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
122562000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
122652000 shares
CY2017Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
125818000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
124363000 shares
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4087731 shares
CY2016Q3 us-gaap Workers Compensation Discount Amount
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12085000 USD
CY2017Q3 us-gaap Workers Compensation Discount Amount
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16787000 USD
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AvailableForSaleEquitySecuritiesGrossUnrealizedGains
453298000 USD
CY2017Q3 wrb Available For Sale Equity Securities Gross Unrealized Gains
AvailableForSaleEquitySecuritiesGrossUnrealizedGains
410444000 USD
CY2016Q4 wrb Available For Sale Equity Securities Gross Unrealized Losses
AvailableForSaleEquitySecuritiesGrossUnrealizedLosses
4685000 USD
CY2017Q3 wrb Available For Sale Equity Securities Gross Unrealized Losses
AvailableForSaleEquitySecuritiesGrossUnrealizedLosses
5204000 USD
CY2016Q4 wrb Available For Sale Securities Continuous Unrealized Loss Position Aggregate Losses Accumulated In Aoci
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionAggregateLossesAccumulatedInAOCI
99268000 USD
CY2017Q3 wrb Available For Sale Securities Continuous Unrealized Loss Position Aggregate Losses Accumulated In Aoci
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionAggregateLossesAccumulatedInAOCI
45881000 USD
CY2016Q4 wrb Available For Sale Securities Debt Securities Fair Value
AvailableForSaleSecuritiesDebtSecuritiesFairValue
13102142000 USD
CY2017Q3 wrb Available For Sale Securities Debt Securities Fair Value
AvailableForSaleSecuritiesDebtSecuritiesFairValue
13794294000 USD
CY2016Q4 wrb Available For Sale Securities Debt Securities Gross Unrealized Gain
AvailableForSaleSecuritiesDebtSecuritiesGrossUnrealizedGain
326916000 USD
CY2017Q3 wrb Available For Sale Securities Debt Securities Gross Unrealized Gain
AvailableForSaleSecuritiesDebtSecuritiesGrossUnrealizedGain
355256000 USD
CY2016Q4 wrb Available For Sale Securities Debt Securities Gross Unrealized Losses
AvailableForSaleSecuritiesDebtSecuritiesGrossUnrealizedLosses
94583000 USD
CY2017Q3 wrb Available For Sale Securities Debt Securities Gross Unrealized Losses
AvailableForSaleSecuritiesDebtSecuritiesGrossUnrealizedLosses
40677000 USD
CY2016Q3 wrb Availablefor Saleand Heldto Maturity Realized Gains Debt Securities Excluding Otherthan Temporary Impairmentsand Allowances
AvailableforSaleandHeldtoMaturityRealizedGainsDebtSecuritiesExcludingOtherthanTemporaryImpairmentsandAllowances
33798000 USD
wrb Availablefor Saleand Heldto Maturity Realized Gains Debt Securities Excluding Otherthan Temporary Impairmentsand Allowances
AvailableforSaleandHeldtoMaturityRealizedGainsDebtSecuritiesExcludingOtherthanTemporaryImpairmentsandAllowances
66972000 USD
CY2017Q3 wrb Availablefor Saleand Heldto Maturity Realized Gains Debt Securities Excluding Otherthan Temporary Impairmentsand Allowances
AvailableforSaleandHeldtoMaturityRealizedGainsDebtSecuritiesExcludingOtherthanTemporaryImpairmentsandAllowances
8763000 USD
wrb Availablefor Saleand Heldto Maturity Realized Gains Debt Securities Excluding Otherthan Temporary Impairmentsand Allowances
AvailableforSaleandHeldtoMaturityRealizedGainsDebtSecuritiesExcludingOtherthanTemporaryImpairmentsandAllowances
21795000 USD
CY2016Q3 wrb Availablefor Saleand Heldto Maturity Realized Losses Debt Securities Excluding Otherthan Temporary Impairmentsand Allowances
AvailableforSaleandHeldtoMaturityRealizedLossesDebtSecuritiesExcludingOtherthanTemporaryImpairmentsandAllowances
1150000 USD
wrb Availablefor Saleand Heldto Maturity Realized Losses Debt Securities Excluding Otherthan Temporary Impairmentsand Allowances
AvailableforSaleandHeldtoMaturityRealizedLossesDebtSecuritiesExcludingOtherthanTemporaryImpairmentsandAllowances
5570000 USD
CY2017Q3 wrb Availablefor Saleand Heldto Maturity Realized Losses Debt Securities Excluding Otherthan Temporary Impairmentsand Allowances
AvailableforSaleandHeldtoMaturityRealizedLossesDebtSecuritiesExcludingOtherthanTemporaryImpairmentsandAllowances
197000 USD
wrb Availablefor Saleand Heldto Maturity Realized Losses Debt Securities Excluding Otherthan Temporary Impairmentsand Allowances
AvailableforSaleandHeldtoMaturityRealizedLossesDebtSecuritiesExcludingOtherthanTemporaryImpairmentsandAllowances
4162000 USD
CY2016Q4 wrb Availableforsale Securities Continuous Unrealized Loss Position12 Monthsor Longer Aggregate Losses Accumulated In Aoci
AvailableforsaleSecuritiesContinuousUnrealizedLossPosition12MonthsorLongerAggregateLossesAccumulatedInAOCI
30565000 USD
CY2017Q3 wrb Availableforsale Securities Continuous Unrealized Loss Position12 Monthsor Longer Aggregate Losses Accumulated In Aoci
AvailableforsaleSecuritiesContinuousUnrealizedLossPosition12MonthsorLongerAggregateLossesAccumulatedInAOCI
15441000 USD
CY2016Q4 wrb Availableforsale Securities Continuous Unrealized Loss Position Lessthan12 Months Aggregate Losses Accumulated In Aoci
AvailableforsaleSecuritiesContinuousUnrealizedLossPositionLessthan12MonthsAggregateLossesAccumulatedInAOCI
68703000 USD
CY2017Q3 wrb Availableforsale Securities Continuous Unrealized Loss Position Lessthan12 Months Aggregate Losses Accumulated In Aoci
AvailableforsaleSecuritiesContinuousUnrealizedLossPositionLessthan12MonthsAggregateLossesAccumulatedInAOCI
30440000 USD
CY2016Q3 wrb Availableforsale Securities Gross Realized Gain Loss Equity Securities Excluding Otherthan Temporary Impairments
AvailableforsaleSecuritiesGrossRealizedGainLossEquitySecuritiesExcludingOtherthanTemporaryImpairments
8441000 USD
wrb Availableforsale Securities Gross Realized Gain Loss Equity Securities Excluding Otherthan Temporary Impairments
AvailableforsaleSecuritiesGrossRealizedGainLossEquitySecuritiesExcludingOtherthanTemporaryImpairments
13037000 USD
CY2017Q3 wrb Availableforsale Securities Gross Realized Gain Loss Equity Securities Excluding Otherthan Temporary Impairments
AvailableforsaleSecuritiesGrossRealizedGainLossEquitySecuritiesExcludingOtherthanTemporaryImpairments
34720000 USD
wrb Availableforsale Securities Gross Realized Gain Loss Equity Securities Excluding Otherthan Temporary Impairments
AvailableforsaleSecuritiesGrossRealizedGainLossEquitySecuritiesExcludingOtherthanTemporaryImpairments
109566000 USD
CY2016Q4 wrb Buildingand Lease Obligations
BuildingandLeaseObligations
457237000 USD
CY2017Q3 wrb Buildingand Lease Obligations
BuildingandLeaseObligations
451669000 USD
CY2016Q3 wrb Changein Unrealized Gainlosson Investments Including Portion Attributableto Noncontrolling Interest
ChangeinUnrealizedGainlossonInvestmentsIncludingPortionAttributabletoNoncontrollingInterest
-57000 USD
wrb Changein Unrealized Gainlosson Investments Including Portion Attributableto Noncontrolling Interest
ChangeinUnrealizedGainlossonInvestmentsIncludingPortionAttributabletoNoncontrollingInterest
-66000 USD
CY2017Q3 wrb Changein Unrealized Gainlosson Investments Including Portion Attributableto Noncontrolling Interest
ChangeinUnrealizedGainlossonInvestmentsIncludingPortionAttributabletoNoncontrollingInterest
-5000 USD
wrb Changein Unrealized Gainlosson Investments Including Portion Attributableto Noncontrolling Interest
ChangeinUnrealizedGainlossonInvestmentsIncludingPortionAttributabletoNoncontrollingInterest
-19000 USD
CY2016Q3 wrb Changein Unrealized Gainlosson Investments Including Portion Attributableto Noncontrolling Interest Netof Tax
ChangeinUnrealizedGainlossonInvestmentsIncludingPortionAttributabletoNoncontrollingInterestNetofTax
-47618000 USD
wrb Changein Unrealized Gainlosson Investments Including Portion Attributableto Noncontrolling Interest Netof Tax
ChangeinUnrealizedGainlossonInvestmentsIncludingPortionAttributabletoNoncontrollingInterestNetofTax
134279000 USD
CY2017Q3 wrb Changein Unrealized Gainlosson Investments Including Portion Attributableto Noncontrolling Interest Netof Tax
ChangeinUnrealizedGainlossonInvestmentsIncludingPortionAttributabletoNoncontrollingInterestNetofTax
-8135000 USD
wrb Changein Unrealized Gainlosson Investments Including Portion Attributableto Noncontrolling Interest Netof Tax
ChangeinUnrealizedGainlossonInvestmentsIncludingPortionAttributabletoNoncontrollingInterestNetofTax
26617000 USD
CY2016Q3 wrb Changein Unrealized Gainlosson Investmentstax
ChangeinUnrealizedGainlossonInvestmentstax
-24493000 USD
wrb Changein Unrealized Gainlosson Investmentstax
ChangeinUnrealizedGainlossonInvestmentstax
64594000 USD
CY2017Q3 wrb Changein Unrealized Gainlosson Investmentstax
ChangeinUnrealizedGainlossonInvestmentstax
-423000 USD
wrb Changein Unrealized Gainlosson Investmentstax
ChangeinUnrealizedGainlossonInvestmentstax
23550000 USD
CY2016Q3 wrb Expenses From Wholly Owned Investees
ExpensesFromWhollyOwnedInvestees
78865000 USD
wrb Expenses From Wholly Owned Investees
ExpensesFromWhollyOwnedInvestees
291127000 USD
CY2017Q3 wrb Expenses From Wholly Owned Investees
ExpensesFromWhollyOwnedInvestees
86412000 USD
wrb Expenses From Wholly Owned Investees
ExpensesFromWhollyOwnedInvestees
221389000 USD
CY2016 wrb Fair Value Measurementwith Unobservable Inputs Reconciliation Recurring Basis Asset Impairment
FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisAssetImpairment
0 USD
wrb Fair Value Measurementwith Unobservable Inputs Reconciliation Recurring Basis Asset Impairment
FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisAssetImpairment
0 USD
CY2016Q3 wrb Income Before Income Taxes
IncomeBeforeIncomeTaxes
331615000 USD
wrb Income Before Income Taxes
IncomeBeforeIncomeTaxes
664605000 USD
CY2017Q3 wrb Income Before Income Taxes
IncomeBeforeIncomeTaxes
226113000 USD
wrb Income Before Income Taxes
IncomeBeforeIncomeTaxes
571370000 USD
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LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseIncurredClaimsUndiscountedBasisPriorYearsIncreaseDecrease
-45813000 USD
wrb Liability For Unpaid Claims And Claims Adjustment Expense Incurred Claims Undiscounted Basis Prior Years Increase Decrease
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseIncurredClaimsUndiscountedBasisPriorYearsIncreaseDecrease
-30609000 USD
wrb Liability For Unpaid Claims And Claims Adjustment Expense Incurred Loss Reserve Discount Accretion
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseIncurredLossReserveDiscountAccretion
-37080000 USD
wrb Liability For Unpaid Claims And Claims Adjustment Expense Incurred Loss Reserve Discount Accretion
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseIncurredLossReserveDiscountAccretion
-34436000 USD
wrb Liabilityfor Unpaid Claimsand Claims Adjustment Expense Foreign Exchange Translation
LiabilityforUnpaidClaimsandClaimsAdjustmentExpenseForeignExchangeTranslation
-6266000 USD
wrb Liabilityfor Unpaid Claimsand Claims Adjustment Expense Foreign Exchange Translation
LiabilityforUnpaidClaimsandClaimsAdjustmentExpenseForeignExchangeTranslation
57789000 USD
wrb Liabilityfor Unpaid Claimsand Claims Adjustment Expense Incurred Claims Adjustment
LiabilityforUnpaidClaimsandClaimsAdjustmentExpenseIncurredClaimsAdjustment
23518000 USD
wrb Liabilityfor Unpaid Claimsand Claims Adjustment Expense Incurred Claims Adjustment
LiabilityforUnpaidClaimsandClaimsAdjustmentExpenseIncurredClaimsAdjustment
7648000 USD
CY2017Q3 wrb Marketable Securities Debt Maturities Without Single Maturity Date Amortized Cost
MarketableSecuritiesDebtMaturitiesWithoutSingleMaturityDateAmortizedCost
1330116000 USD
CY2017Q3 wrb Marketable Securities Debt Maturities Without Single Maturity Date Fair Value
MarketableSecuritiesDebtMaturitiesWithoutSingleMaturityDateFairValue
1335595000 USD
CY2017Q3 wrb Marketable Securities Fixed Maturities After Five Through Ten Years Amortized Cost
MarketableSecuritiesFixedMaturitiesAfterFiveThroughTenYearsAmortizedCost
3248254000 USD
CY2017Q3 wrb Marketable Securities Fixed Maturities After Five Through Ten Years Fair Value
MarketableSecuritiesFixedMaturitiesAfterFiveThroughTenYearsFairValue
3396461000 USD
CY2017Q3 wrb Marketable Securities Fixed Maturities After One Through Five Years Amortized Cost
MarketableSecuritiesFixedMaturitiesAfterOneThroughFiveYearsAmortizedCost
5089768000 USD
CY2017Q3 wrb Marketable Securities Fixed Maturities After One Through Five Years Fair Value
MarketableSecuritiesFixedMaturitiesAfterOneThroughFiveYearsFairValue
5210268000 USD
CY2017Q3 wrb Marketable Securities Fixed Maturities After Ten Years Amortized Cost
MarketableSecuritiesFixedMaturitiesAfterTenYearsAmortizedCost
3145963000 USD
CY2017Q3 wrb Marketable Securities Fixed Maturities After Ten Years Fair Value
MarketableSecuritiesFixedMaturitiesAfterTenYearsFairValue
3197551000 USD
CY2016Q4 wrb Marketable Securities Fixed Maturities Amortized Cost
MarketableSecuritiesFixedMaturitiesAmortizedCost
12958335000 USD
CY2017Q3 wrb Marketable Securities Fixed Maturities Amortized Cost
MarketableSecuritiesFixedMaturitiesAmortizedCost
13559111000 USD
CY2016Q4 wrb Marketable Securities Fixed Maturities Fair Value
MarketableSecuritiesFixedMaturitiesFairValue
13204814000 USD
CY2017Q3 wrb Marketable Securities Fixed Maturities Fair Value
MarketableSecuritiesFixedMaturitiesFairValue
13890354000 USD
CY2016Q4 wrb Marketable Securities Fixed Maturities Gross Unrealized Gains
MarketableSecuritiesFixedMaturitiesGrossUnrealizedGains
341062000 USD
CY2017Q3 wrb Marketable Securities Fixed Maturities Gross Unrealized Gains
MarketableSecuritiesFixedMaturitiesGrossUnrealizedGains
371920000 USD
CY2016Q4 wrb Marketable Securities Fixed Maturities Gross Unrealized Losses
MarketableSecuritiesFixedMaturitiesGrossUnrealizedLosses
94583000 USD
CY2017Q3 wrb Marketable Securities Fixed Maturities Gross Unrealized Losses
MarketableSecuritiesFixedMaturitiesGrossUnrealizedLosses
40677000 USD
CY2017Q3 wrb Marketable Securities Fixed Maturities Within One Year Amortized Cost
MarketableSecuritiesFixedMaturitiesWithinOneYearAmortizedCost
745010000 USD
CY2017Q3 wrb Marketable Securities Fixed Maturities Within One Year Fair Value
MarketableSecuritiesFixedMaturitiesWithinOneYearFairValue
750479000 USD
CY2016Q3 wrb Marketable Securities Realized Gain Loss Excluding Otherthan Temporary Impairments Netof Tax
MarketableSecuritiesRealizedGainLossExcludingOtherthanTemporaryImpairmentsNetofTax
114230000 USD
wrb Marketable Securities Realized Gain Loss Excluding Otherthan Temporary Impairments Netof Tax
MarketableSecuritiesRealizedGainLossExcludingOtherthanTemporaryImpairmentsNetofTax
123106000 USD
CY2017Q3 wrb Marketable Securities Realized Gain Loss Excluding Otherthan Temporary Impairments Netof Tax
MarketableSecuritiesRealizedGainLossExcludingOtherthanTemporaryImpairmentsNetofTax
119573000 USD
wrb Marketable Securities Realized Gain Loss Excluding Otherthan Temporary Impairments Netof Tax
MarketableSecuritiesRealizedGainLossExcludingOtherthanTemporaryImpairmentsNetofTax
179894000 USD
CY2017Q3 wrb Minimum Ownership Of Common Stockholders Equity
MinimumOwnershipOfCommonStockholdersEquity
0.1
CY2017Q3 wrb Nonconsolidated Legal Entity Unfunded Commitments
NonconsolidatedLegalEntityUnfundedCommitments
442000000 USD
CY2016Q3 wrb Other Revenues
OtherRevenues
288115000 USD
wrb Other Revenues
OtherRevenues
604618000 USD
CY2017Q3 wrb Other Revenues
OtherRevenues
307363000 USD
wrb Other Revenues
OtherRevenues
602963000 USD
CY2016Q3 wrb R Eal Estate Realized Gain Losson Disposal
REalEstateRealizedGainLossonDisposal
687000 USD
wrb R Eal Estate Realized Gain Losson Disposal
REalEstateRealizedGainLossonDisposal
5247000 USD
CY2017Q3 wrb R Eal Estate Realized Gain Losson Disposal
REalEstateRealizedGainLossonDisposal
1956000 USD
wrb R Eal Estate Realized Gain Losson Disposal
REalEstateRealizedGainLossonDisposal
4892000 USD
CY2016Q3 wrb Realized Gain Losson Investments Including Equity Method Investments Excluding Otherthan Temporary Impairmentsand Allowances
RealizedGainLossonInvestmentsIncludingEquityMethodInvestmentsExcludingOtherthanTemporaryImpairmentsandAllowances
175738000 USD
wrb Realized Gain Losson Investments Including Equity Method Investments Excluding Otherthan Temporary Impairmentsand Allowances
RealizedGainLossonInvestmentsIncludingEquityMethodInvestmentsExcludingOtherthanTemporaryImpairmentsandAllowances
207508000 USD
CY2017Q3 wrb Realized Gain Losson Investments Including Equity Method Investments Excluding Otherthan Temporary Impairmentsand Allowances
RealizedGainLossonInvestmentsIncludingEquityMethodInvestmentsExcludingOtherthanTemporaryImpairmentsandAllowances
183959000 USD
wrb Realized Gain Losson Investments Including Equity Method Investments Excluding Otherthan Temporary Impairmentsand Allowances
RealizedGainLossonInvestmentsIncludingEquityMethodInvestmentsExcludingOtherthanTemporaryImpairmentsandAllowances
276760000 USD
CY2016Q3 wrb Realized Gain Losson Marketable Securities Equity Method Investmentsand Other Investments Before Tax
RealizedGainLossonMarketableSecuritiesEquityMethodInvestmentsandOtherInvestmentsBeforeTax
175738000 USD
wrb Realized Gain Losson Marketable Securities Equity Method Investmentsand Other Investments Before Tax
RealizedGainLossonMarketableSecuritiesEquityMethodInvestmentsandOtherInvestmentsBeforeTax
189394000 USD
CY2017Q3 wrb Realized Gain Losson Marketable Securities Equity Method Investmentsand Other Investments Before Tax
RealizedGainLossonMarketableSecuritiesEquityMethodInvestmentsandOtherInvestmentsBeforeTax
183959000 USD
wrb Realized Gain Losson Marketable Securities Equity Method Investmentsand Other Investments Before Tax
RealizedGainLossonMarketableSecuritiesEquityMethodInvestmentsandOtherInvestmentsBeforeTax
276760000 USD
CY2016Q3 wrb Realized Gain Losson Marketable Securities Equity Method Investmentsand Other Investments Netof Tax
RealizedGainLossonMarketableSecuritiesEquityMethodInvestmentsandOtherInvestmentsNetofTax
114230000 USD
wrb Realized Gain Losson Marketable Securities Equity Method Investmentsand Other Investments Netof Tax
RealizedGainLossonMarketableSecuritiesEquityMethodInvestmentsandOtherInvestmentsNetofTax
123106000 USD
CY2017Q3 wrb Realized Gain Losson Marketable Securities Equity Method Investmentsand Other Investments Netof Tax
RealizedGainLossonMarketableSecuritiesEquityMethodInvestmentsandOtherInvestmentsNetofTax
119573000 USD
wrb Realized Gain Losson Marketable Securities Equity Method Investmentsand Other Investments Netof Tax
RealizedGainLossonMarketableSecuritiesEquityMethodInvestmentsandOtherInvestmentsNetofTax
179894000 USD
CY2016Q3 wrb Realized Gain Losson Marketable Securities Equity Method Investmentsand Other Investments Tax
RealizedGainLossonMarketableSecuritiesEquityMethodInvestmentsandOtherInvestmentsTax
61508000 USD
wrb Realized Gain Losson Marketable Securities Equity Method Investmentsand Other Investments Tax
RealizedGainLossonMarketableSecuritiesEquityMethodInvestmentsandOtherInvestmentsTax
66288000 USD
CY2017Q3 wrb Realized Gain Losson Marketable Securities Equity Method Investmentsand Other Investments Tax
RealizedGainLossonMarketableSecuritiesEquityMethodInvestmentsandOtherInvestmentsTax
64386000 USD
wrb Realized Gain Losson Marketable Securities Equity Method Investmentsand Other Investments Tax
RealizedGainLossonMarketableSecuritiesEquityMethodInvestmentsandOtherInvestmentsTax
96866000 USD
CY2016Q3 wrb Revenues From Wholly Owned Investees
RevenuesFromWhollyOwnedInvestees
80242000 USD
wrb Revenues From Wholly Owned Investees
RevenuesFromWhollyOwnedInvestees
305787000 USD
CY2017Q3 wrb Revenues From Wholly Owned Investees
RevenuesFromWhollyOwnedInvestees
89786000 USD
wrb Revenues From Wholly Owned Investees
RevenuesFromWhollyOwnedInvestees
225033000 USD
CY2016Q4 wrb Senior Notes And Other Debt
SeniorNotesAndOtherDebt
1760595000 USD
CY2017Q3 wrb Senior Notes And Other Debt
SeniorNotesAndOtherDebt
1759929000 USD
us-gaap Schedule Of Liability For Unpaid Claims And Claims Adjustment Expense
ScheduleOfLiabilityForUnpaidClaimsAndClaimsAdjustmentExpense
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:left;padding-left:24px;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The table below provides a reconciliation of the beginning and ending reserve balances:</font></div><div style="line-height:120%;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="8" rowspan="1"></td></tr><tr><td style="width:70%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:13%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:12%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">September 30,</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;text-decoration:underline;">(In thousands)</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2017</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2016</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Net reserves at beginning of year</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">9,590,265</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">9,244,872</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Net provision for losses and loss expenses:</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Claims occurring during the current year (1)</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,998,687</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,838,777</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Decrease in estimates for claims occurring in prior years (2) (3)</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(7,648</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(23,518</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Loss reserve discount accretion </font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">34,436</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">37,080</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Total</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3,025,475</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,852,339</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Net payments for claims:</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Current year</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">628,078</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">612,615</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Prior year</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,996,977</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,931,454</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Total</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,625,055</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,544,069</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Foreign currency translation</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">57,789</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(6,266</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Net reserves at end of period</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">10,048,474</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">9,546,876</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Ceded reserve at end of period</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,605,872</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,550,954</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Gross reserves at end of period</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">11,654,346</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">11,097,830</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div><font style="font-family:inherit;font-size:8pt;">_______________________________________</font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:24px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;vertical-align:bottom;font-size:10pt;padding-left:0px;"><font style="font-family:inherit;font-size:10pt;">(1)</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;vertical-align:bottom;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Claims occurring during the current year are net of loss reserve discounts of $</font><font style="font-family:inherit;font-size:10pt;">16,787,000</font><font style="font-family:inherit;font-size:10pt;"> and $</font><font style="font-family:inherit;font-size:10pt;">12,085,000</font><font style="font-family:inherit;font-size:10pt;"> for the nine months ended September 30, 2017 and 2016, respectively.</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:24px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;vertical-align:bottom;font-size:10pt;padding-left:0px;"><font style="font-family:inherit;font-size:10pt;">(2)</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;vertical-align:bottom;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The decrease in estimates for claims occurring in prior years is net of loss reserve discount. On an undiscounted basis, the estimates for claims occurring in prior years decreased by $</font><font style="font-family:inherit;font-size:10pt;">30,609,000</font><font style="font-family:inherit;font-size:10pt;"> and $</font><font style="font-family:inherit;font-size:10pt;">45,813,000</font><font style="font-family:inherit;font-size:10pt;"> for the nine months ended September 30, 2017 and 2016, respectively. </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:24px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;vertical-align:bottom;font-size:10pt;padding-left:0px;"><font style="font-family:inherit;font-size:10pt;">(3)</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;vertical-align:bottom;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">For certain retrospectively rated insurance policies and reinsurance agreements, reserve development is offset by additional or return premiums. Favorable development, net of additional and return premiums, was </font><font style="font-family:inherit;font-size:10pt;">$31 million</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">$42 million</font><font style="font-family:inherit;font-size:10pt;"> for the nine months ended September 30, 2017 and 2016, respectively.</font></div></td></tr></table></div>

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