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Unaudited Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Operating Activities    
Net income (loss) $ 1,615,787 $ 866,397
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Net realized (gains) losses (367,313) (477,683)
Equity in net (income) or loss of investment funds accounted for using the equity method and other income or loss (372,650) 30,306
Amortization of intangible assets 49,823 49,835
Share-based compensation 72,303 56,433
Changes in:    
Reserve for losses and loss adjustment expenses, net of unpaid losses and loss adjustment expenses recoverable 1,548,211 1,668,069
Unearned premiums, net of ceded unearned premiums 985,242 498,811
Premiums receivable (847,098) (461,766)
Deferred acquisition costs (247,966) (107,238)
Reinsurance balances payable 618,571 205,620
Other items, net (427,359) 2,666
Net cash provided by (used for) operating activities 2,627,551 2,331,450
Investing Activities    
Purchases of fixed maturity investments (29,870,023) (34,050,883)
Purchases of equity securities (978,951) (1,355,848)
Purchases of other investments (1,350,056) (841,886)
Proceeds from sales of fixed maturity investments 30,067,792 32,544,867
Proceeds from sales of equity securities 695,633 731,793
Proceeds from sales, redemptions and maturities of other investments 1,487,919 791,807
Proceeds from redemptions and maturities of fixed maturity investments 1,234,412 645,292
Net settlements of derivative instruments (67,830) 163,290
Net (purchases) sales of short-term investments (1,172,798) (1,159,351)
Change in cash collateral related to securities lending 0 81,210
Purchase of operating affiliate (753,916) 0
Impact of the deconsolidation of the variable interest entity (349,202) 0
Purchases of fixed assets (34,407) (26,717)
Other (361,857) (131,992)
Net cash provided by (used for) investing activities (1,453,284) (2,608,418)
Financing Activities    
Proceeds from issuance of preferred shares, net 485,821 0
Redemption of preferred shares (450,000) 0
Purchases of common shares under share repurchase program (872,197) (75,486)
Proceeds from common shares issued, net 281 (9,656)
Proceeds from borrowings 0 1,018,793
Repayments of borrowings 0 (304,000)
Change in cash collateral related to securities lending 0 (81,210)
Third party investment in non-redeemable noncontrolling interests 15,971 (2,867)
Dividends paid to redeemable noncontrolling interests (1,907) (3,541)
Other (21,752) 55,266
Preferred dividends paid (38,096) (31,209)
Net cash provided by (used for) financing activities (881,879) 566,090
Effects of exchange rate changes on foreign currency cash and restricted cash (34,023) (5,847)
Increase (decrease) in cash and restricted cash 258,365 283,275
Cash and restricted cash, beginning of year 1,290,544 903,698
Cash and restricted cash, end of period $ 1,548,909 $ 1,186,973