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Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net income (loss) $ 514,151 $ 1,009,461 $ 89,041
Adjustments to reconcile net income to net cash provided by operating activities:      
Decrease (increase) in premiums receivable (387,123) (62,018) (382,987)
Decrease (increase) in funds held by reinsureds, net (219,321) (56,722) (153,627)
Decrease (increase) in reinsurance receivables (150,753) 67,444 (511,592)
Decrease (increase) in income taxes 239,883 237,479 (265,065)
Decrease (increase) in prepaid reinsurance premiums 55,334 (95,207) (65,925)
Increase (decrease) in reserve for losses and loss adjustment expenses 2,627,813 402,380 1,377,711
Increase (decrease) in future policy benefit reserve (4,869) (4,186) (4,236)
Increase (decrease) in unearned premiums 404,049 521,709 542,023
Increase (decrease) in other net payable to reinsurers (24,163) 66,477 12,276
Increase (decrease) in losses in course of payment 74,759 (33,557) 123,209
Change in equity adjustments in limited partnerships (103,772) (108,332) (102,052)
Distribution of limited partnership income 122,326 81,300 84,623
Change in other assets and liabilities, net (95,968) (54,176) (322,107)
Non-cash compensation expense 39,209 34,018 32,369
Amortization of bond premium (accrual of bond discount) 49,673 30,936 29,272
Net realized capital (gains) losses (267,649) (185,004) 127,136
Net cash provided by (used in) operating activities 2,873,579 1,852,002 610,069
CASH FLOWS FROM INVESTING ACTIVITIES:      
Proceeds from fixed maturities matured/called - available for sale, at market value 2,586,405 2,302,299 1,973,652
Proceeds from fixed maturities sold - available for sale, at market value 1,945,867 3,280,237 3,148,428
Proceeds from fixed maturities sold - available for sale, at fair value 4,907 2,917 1,751
Proceeds from equity securities sold, at fair value 376,347 283,965 1,199,409
Distributions from other invested assets 309,912 284,558 3,102,018
Cost of fixed maturities acquired - available for sale, at market value (7,189,301) (6,613,917) (5,909,504)
Cost of fixed maturities acquired - available for sale, at fair value (4,243) (4,381)
Cost of equity securities acquired, at fair value (637,082) (329,417) (921,937)
Cost of other invested assets acquired (557,473) (425,438) (3,370,455)
Net change in short-term investments (717,527) (167,290) 455,350
Net change in unsettled securities transactions 194,574 (26,163) 46,048
Net cash provided by (used in) investing activities (3,683,371) (1,412,492) (279,621)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Common shares issued during the period for share-based compensation, net of expense (13,566) (3,134) (8,157)
Purchase of treasury shares (200,020) (24,604) (75,304)
Dividends paid to shareholders (249,097) (234,322) (216,221)
Proceeds from issuance of senior notes 979,417
Cost of debt repurchase (10,647)
FHLB advances (repayments) 310,000
Cost of shares withheld on settlements of share-based compensation awards (15,908) (13,627) (16,912)
Net cash provided by (used in) financing activities 800,220 (275,687) (316,594)
EFFECT OF EXCHANGE RATE CHANGES ON CASH 3,187 (11,882) 7,174
Net increase (decrease) in cash (6,385) 151,941 21,028
Cash, beginning of period 808,036 656,095 635,067
Cash, end of period 801,651 808,036 656,095
SUPPLEMENTAL CASH FLOW INFORMATION:      
Income taxes paid (recovered) (169,748) (148,585) (65,064)
Interest paid 28,415 31,689 30,447
NON-CASH TRANSACTIONS:      
Fixed maturities - available for sale, at market value 143,656
Short-term investments 243,864
Other invested assets $ (387,520)