XML 143 R126.htm IDEA: XBRL DOCUMENT v3.22.0.1
Schedule II - Condensed Financial Information Of The Registrant (Condensed Statements Of Cash Flows) (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Condensed Financial Statements, Captions [Line Items]      
Net income (loss) $ 1,379,083 $ 514,151 $ 1,009,461
Change in other assets and liabilities, net (289,562) (99,171) 4,950
Amortization of bond premium (accrual of bond discount) 75,777 49,673 30,936
Realized capital losses (gains) (257,943) (267,649) (185,004)
Non-cash compensation expense 43,406 39,209 34,018
Net cash provided by (used in) operating activities 3,833,342 2,873,579 1,852,002
Proceeds from fixed maturities sold - available for sale, at market value 1,915,916 1,945,867 3,280,237
Distributions from other invested assets 257,233 309,912 284,558
Cost of fixed maturities acquired - available for sale, at market value (8,825,315) (7,189,301) (6,613,917)
Cost of other invested assets acquired (756,560) (557,473) (425,438)
Net change in short-term investments (42,630) (717,527) (167,290)
Net cash provided by (used in) investing activities (3,868,964) (3,683,371) (1,412,492)
Purchase of treasury shares (225,136) (200,020) (24,604)
Dividends paid to shareholders (246,699) (249,097) (234,322)
Net cash provided by (used in) financing activities 674,193 800,220 (275,687)
Parent Company [Member]      
Condensed Financial Statements, Captions [Line Items]      
Net income (loss) 1,379,083 514,151 1,009,461
Equity in retained (earnings) deficit of subsidiaries (1,416,451) (535,866) (1,026,233)
Change in other assets and liabilities, net 2,676 (21,145) 564
Increase (decrease) in due to/from affiliate 8,176 (8,621) (2,209)
Amortization of bond premium (accrual of bond discount) (14) (9)
Realized capital losses (gains) (28) 66
Non-cash compensation expense 2,481 2,588 2,796
Net cash provided by (used in) operating activities 295,965 601,065 584,436
Additional investment in subsidiaries (119,598) (138,320) (478,125)
Proceeds from fixed maturities matured/called - available for sale, at market value 3 1,356 63
Proceeds from fixed maturities sold - available for sale, at market value 200,264 74,841
Distributions from other invested assets 606,648 559,767 644,918
Cost of fixed maturities acquired - available for sale, at market value (200,267)
Cost of other invested assets acquired (535,499) (800,828) (686,528)
Net change in short-term investments
Net cash provided by (used in) investing activities (48,446) (177,761) (645,098)
Common shares issued during the period, net 26,685 23,185 22,861
Purchase of treasury shares (225,136) (200,020) (24,604)
Dividends paid to shareholders (246,699) (249,056) (234,322)
Proceeds from issuance (cost of repayment) of long term note payable - affiliated 200,000 300,000
Net cash provided by (used in) financing activities (245,150) (425,891) 63,935
EFFECT OF EXCHANGE RATE CHANGES ON CASH
Net increase (decrease) in cash 2,369 (2,587) 3,273
Cash, beginning of period 884 3,471 198
Cash, end of period 3,253 884 3,471
Bermuda Re [Member]      
Condensed Financial Statements, Captions [Line Items]      
Dividends received from subsidiaries $ 320,000 $ 650,000 $ 600,000