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Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income (loss) $ 948,376 $ 450,549
Adjustments to reconcile net income to net cash provided by operating activities:    
Decrease (increase) in premiums receivable (736,614) (357,162)
Decrease (increase) in funds held by reinsureds, net (92,512) (53,878)
Decrease (increase) in reinsurance recoverables (230,593) (172,454)
Decrease (increase) in income taxes 57,270 184,311
Decrease (increase) in prepaid reinsurance premiums (146,639) (7,963)
Increase (decrease) in reserve for losses and loss adjustment expenses 2,576,049 1,665,982
Increase (decrease) in future policy benefit reserve (1,189) (2,218)
Increase (decrease) in unearned premiums 927,524 392,904
Increase (decrease) in other net payable to reinsurers 198,954 68,784
Increase (decrease) in losses in course of payment 23,661 132,208
Change in equity adjustments in limited partnerships (543,401) (12,475)
Distribution of limited partnership income 105,571 55,576
Change in other assets and liabilities, net (247,615) (131,224)
Non-cash compensation expense 33,199 29,337
Amortization of bond premium (accrual of bond discount) 57,289 32,594
Net realized capital (gains) losses (138,789) (84,263)
Net cash provided by (used in) operating activities 2,790,541 2,190,608
CASH FLOWS FROM INVESTING ACTIVITIES:    
Proceeds from fixed maturities matured/called - available for sale, at market value 2,756,963 1,781,821
Proceeds from fixed maturities sold - available for sale, at market value 883,149 1,390,747
Proceeds from fixed maturities sold - available for sale, at fair value 2,054
Proceeds from equity securities sold, at fair value 578,894 329,750
Distributions from other invested assets 216,573 210,527
Cost of fixed maturities acquired - available for sale, at market value (5,670,636) (3,874,890)
Cost of equity securities acquired, at fair value (507,862) (460,953)
Cost of other invested assets acquired (604,180) (392,650)
Net change in short-term investments 422,643 (804,744)
Net change in unsettled securities transactions (177,259) 89,064
Net cash provided by (used in) investing activities (2,101,715) (1,729,274)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Common shares issued during the period for share-based compensation, net of expense (12,156) (13,617)
Purchase of treasury shares (200,064) (200,020)
Dividends paid to shareholders (185,731) (187,110)
Cost of debt repurchase (10,647)
FHLB borrowings (repayments) 90,000
Cost of shares withheld on settlements of share-based compensation awards (15,133) (15,298)
Net cash provided by (used in) financing activities (413,084) (336,691)
EFFECT OF EXCHANGE RATE CHANGES ON CASH (8,952) 6,203
Net increase (decrease) in cash 266,790 130,845
Cash, beginning of period 801,651 808,036
Cash, end of period 1,068,441 938,881
SUPPLEMENTAL CASH FLOW INFORMATION:    
Income taxes paid (recovered) 39,767 (169,149)
Interest paid $ 33,422 $ 16,731