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Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net income (loss) $ 1,379,083 $ 514,151 $ 1,009,461
Adjustments to reconcile net income to net cash provided by operating activities:      
Decrease (increase) in premiums receivable (648,735) (387,123) (62,018)
Decrease (increase) in funds held by reinsureds, net (151,028) (219,321) (56,722)
Decrease (increase) in reinsurance recoverables (124,796) (150,753) 67,444
Decrease (increase) in income taxes 68,148 239,883 237,479
Decrease (increase) in prepaid reinsurance premiums (127,792) 55,334 (95,207)
Increase (decrease) in reserve for losses and loss adjustment expenses 2,805,064 2,631,016 343,254
Increase (decrease) in future policy benefit reserve (2,054) (4,869) (4,186)
Increase (decrease) in unearned premiums 1,145,512 404,049 521,709
Increase (decrease) in other net payable to reinsurers 185,764 (24,163) 66,477
Increase (decrease) in losses in course of payment 133,700 74,759 (33,557)
Change in equity adjustments in limited partnerships (612,569) (103,772) (108,332)
Distribution of limited partnership income 211,367 122,326 81,300
Change in other assets and liabilities, net (289,562) (99,171) 4,950
Non-cash compensation expense 43,406 39,209 34,018
Amortization of bond premium (accrual of bond discount) 75,777 49,673 30,936
Net realized capital (gains) losses (257,943) (267,649) (185,004)
Net cash provided by (used in) operating activities 3,833,342 2,873,579 1,852,002
CASH FLOWS FROM INVESTING ACTIVITIES:      
Proceeds from fixed maturities matured/called - available for sale, at market value 3,892,918 2,586,405 2,302,299
Proceeds from fixed maturities sold - available for sale, at market value 1,915,916 1,945,867 3,280,237
Proceeds from fixed maturities sold - available for sale, at fair value 4,907 2,917
Proceeds from equity securities sold, at fair value 990,376 376,347 283,965
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 fixed maturities acquired - available for sale, at fair value (4,243)
Cost of equity securities acquired, at fair value (1,097,886) (637,082) (329,417)
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 change in unsettled securities transactions (203,016) 194,574 (26,163)
Net cash provided by (used in) investing activities (3,868,964) (3,683,371) (1,412,492)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Common shares issued during the period for share-based compensation, net of expense (14,275) (13,566) (3,134)
Purchase of treasury shares (225,136) (200,020) (24,604)
Dividends paid to shareholders (246,699) (249,097) (234,322)
Proceeds from issuance of senior notes 968,357 979,417
Cost of debt repurchase (10,647)
FHLB borrowings (repayments) 209,000 310,000
Cost of shares withheld on settlements of share-based compensation awards (17,054) (15,908) (13,627)
Net cash provided by (used in) financing activities 674,193 800,220 (275,687)
EFFECT OF EXCHANGE RATE CHANGES ON CASH 639 3,187 (11,882)
Net increase (decrease) in cash 639,210 (6,385) 151,941
Cash, beginning of period 801,651 808,036 656,095
Cash, end of period 1,440,861 801,651 808,036
SUPPLEMENTAL CASH FLOW INFORMATION:      
Income taxes paid (recovered) 98,030 (169,748) (148,585)
Interest paid $ 62,369 $ 28,415 $ 31,689