Item 6. SELECTED FINANCIAL DATA

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Item 6. SELECTED FINANCIAL DATA

Year Ended December 31,
(In thousands, except per share data)20142013201220112010
Net premiums written$5,996,947$5,500,173$4,898,539$4,357,368$3,850,926
Net premiums earned5,744,4185,226,5374,673,5164,160,8673,835,582
Net investment income600,885544,291586,763526,351530,525
Insurance service fees117,443107,513103,13392,84385,405
Net investment gains254,852121,544210,465125,48156,581
Revenues from wholly-owned investees410,022407,623247,113248,678214,454
Total revenues7,128,9286,408,5345,823,5545,155,9844,724,069
Interest expense128,174123,177126,302112,512106,969
Income before income taxes952,196698,888701,928513,086598,910
Income tax expense(302,593)(193,587)(191,285)(121,945)(152,226)
Noncontrolling interests(719)(5,376)(51)70(279)
Net income to common stockholders648,884499,925510,592391,211446,405
Data per common share:
Net income per basic share5.073.693.722.803.00
Net income per diluted share4.863.553.562.692.88
Common stockholders’ equity36.2132.7931.6628.7525.89
Cash dividends declared1.430.391.350.310.27
Weighted average shares outstanding:
Basic127,874135,305137,097139,688148,752
Diluted133,652140,743143,315145,672155,081
Investments$15,591,824$14,548,630$14,467,440$13,439,518$12,995,393
Total assets21,716,69120,551,79620,155,89618,403,87317,477,070
Reserves for losses and loss expenses10,369,70110,080,9419,751,0869,337,1349,016,549
Senior notes and other debt2,115,5271,692,4421,871,5351,500,5031,500,419
Subordinated debentures340,060339,800243,206242,997242,784
Common stockholders’ equity4,589,9454,336,0354,306,2173,953,3563,651,399

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