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Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income (loss) $ 1,021,844 $ 207,492
Adjustments to reconcile net income to net cash provided by operating activities:    
Decrease (increase) in premiums receivable (499,647) (252,609)
Decrease (increase) in funds held by reinsureds, net (79,485) (23,498)
Decrease (increase) in reinsurance receivables 15,836 (147,515)
Decrease (increase) in income taxes 76,452 (25,000)
Decrease (increase) in prepaid reinsurance premiums (71,566) (29,699)
Increase (decrease) in reserve for losses and loss adjustment expenses 1,144,620 800,816
Increase (decrease) in future policy benefit reserve (1,226) (1,933)
Increase (decrease) in unearned premiums 500,077 159,744
Increase (decrease) in other net payable to reinsurers 72,850 89,499
Increase (decrease) in losses in course of payment 70,653 147,427
Change in equity adjustments in limited partnerships (377,120) 84,066
Distribution of limited partnership income 49,053 40,447
Change in other assets and liabilities, net (211,735) (10,313)
Non-cash compensation expense 22,439 19,175
Amortization of bond premium (accrual of bond discount) 37,928 20,547
Net realized capital (gains) losses (143,011) 25,940
Net cash provided by (used in) operating activities 1,627,962 1,104,586
CASH FLOWS FROM INVESTING ACTIVITIES:    
Proceeds from fixed maturities matured/called - available for sale, at market value 1,897,536 1,261,650
Proceeds from fixed maturities sold - available for sale, at market value 599,737 990,273
Proceeds from equity securities sold, at fair value 474,663 213,185
Distributions from other invested assets 112,398 164,975
Cost of fixed maturities acquired - available for sale, at market value (3,949,973) (2,301,701)
Cost of equity securities acquired, at fair value (360,016) (224,086)
Cost of other invested assets acquired (309,691) (343,332)
Net change in short-term investments 506,285 (439,457)
Net change in unsettled securities transactions (103,527) 49,504
Net cash provided by (used in) investing activities (1,132,588) (628,989)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Common shares issued during the period for share-based compensation, net of expense (11,349) (12,841)
Purchase of treasury shares (40,328) (200,019)
Dividends paid to shareholders (124,274) (125,205)
Cost of debt repurchase (10,647)
Cost of shares withheld on settlements of share-based compensation awards (13,713) (14,141)
Net cash provided by (used in) financing activities (189,664) (362,853)
EFFECT OF EXCHANGE RATE CHANGES ON CASH (1,016) 1,699
Net increase (decrease) in cash 304,694 114,443
Cash, beginning of period 801,651 808,036
Cash, end of period 1,106,345 922,479
SUPPLEMENTAL CASH FLOW INFORMATION:    
Income taxes paid (recovered) 34,780 10,895
Interest paid $ 31,695 $ 14,992