Selected
FINANCIAL DATA

In thousands, except per share data

Years ended December 31, 2015 2016 2017 2018 2019
Total revenues $7,206,457 $7,654,184 $7,684,764 $7,691,651 $7,902,196
Net premiums written 6,189,515 6,423,913 6,260,508 6,433,227 6,863,499
Net investment income 512,645 564,163 575,788 674,235 645,614
Net realized investment gains 125,663 285,119 335,858 154,488 120,703
Insurance service fees 139,440 138,944 134,729 117,757 92,680
Net income to common stockholders 503,694 601,916 549,094 649,749 681,944
NET INCOME PER
COMMON SHARE
Basic 2.71 3.27 2.93 3.37 3.58
Diluted 2.58 3.12 2.84 3.33 3.52
Return on common
stockholders’ equity
11.0% 13.1% 10.9% 11.8% 12.5%
At Year End
Total assets $21,730,967 $23,364,844 $24,299,917 $24,895,977 $26,643,428
Total investments 15,351,467 16,649,792 17,450,508 17,723,089 18,473,674
Reserves for losses and
loss expenses
10,669,150 11,197,195 11,670,408 11,966,448 12,583,249
Common stockholders’ equity 4,600,246 5,047,208 5,411,343 5,437,851 6,074,939
Common shares outstanding 184,962 181,194 182,272 182,994 183,412
Common stockholders’ equity
per share
24.87 27.76 29.69 29.72 33.12

Per share data and common shares outstanding have been adjusted for the 3-for-2 common stock split effected on April 2, 2019.
* Beginning in 2018, net unrealized gains on equity securities are included within net income due to our adoption of ASU 2016-01 on January 1, 2018.

Relative Stock Price
PERFORMANCE

34,450%
3,212%