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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Cash flows from operating activities:      
Net income (loss) $ 323,473 $ 43,021 $ (368,969)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Net investment (gains) losses (91,233) 144,297 (28,226)
Net realized and unrealized gains on other investments (60,038) (45,153) (72,763)
Amortization of fixed maturities 18,499 24,663 43,292
Interest in (income) loss of equity method investments (9,718) 495 8,402
Amortization of value of business acquired 26,722 172,332 50,104
Other amortization and depreciation 75,229 9,795 31,367
Share-based compensation expense, net of cash payments 32,491 34,346 12,667
Non-cash foreign exchange losses (gains) (6,043) 0 24,149
Bargain purchase gain 0 0 (15,044)
Changes in:      
Accrued interest receivable 2,140 (3,184) (4,353)
Reinsurance recoverable on unpaid and paid losses and loss expenses (412,076) (766,690) (131,160)
Deferred acquisition costs 74,331 (98,329) (35,076)
Prepaid reinsurance premiums (88,789) (212,654) (56,377)
Reserve for losses and loss expenses 467,428 442,839 1,004,578
Unearned premiums (7,958) 29,760 (56,603)
Insurance and reinsurance balances, net (51,075) 208,783 (81,831)
Other items (94,379) 26,452 (64,928)
Net cash provided by operating activities 199,004 10,773 259,229
Purchases of:      
Fixed maturities (9,994,025) (8,464,140) (8,714,990)
Equity securities (58,022) (73,107) (106,136)
Mortgage loans (194,020) (106,171) (31,077)
Other investments (218,178) (180,126) (153,150)
Equity method investments 0 0 (1,000)
Short-term investments (179,230) (305,670) (41,609)
Proceeds from the sale of:      
Fixed maturities 8,018,658 7,586,536 7,004,973
Equity securities 36,016 246,196 448,058
Other investments 249,129 361,030 260,943
Short-term investments 266,057 178,983 49,280
Proceeds from redemption of fixed maturities 1,282,796 1,241,214 2,009,982
Proceeds from redemption of short-term investments 19,366 45,831 119,427
Proceeds from the repayment of mortgage loans 60,244 133,081 56,435
Purchase of other assets (63,106) (25,103) (42,685)
Purchase of subsidiaries, net 0 0 (466,941)
Net cash provided by (used in) investing activities (774,315) 638,554 391,510
Cash flows from financing activities:      
Net proceeds from issuance of debt 717,509 0 346,362
Repayment of notes payable (250,000) 0 (67,242)
Repurchase of common shares - open market 0 0 (261,180)
Taxes paid on withholding shares (10,165) (10,080) (24,678)
Dividends paid - common shares (137,209) (133,502) (135,032)
Repurchase of preferred shares 0 0 (351,074)
Dividends paid - preferred shares (42,625) (42,625) (52,844)
Net cash provided by (used in) financing activities 277,510 (186,207) (545,688)
Effect of exchange rate changes on foreign currency cash, cash equivalents and restricted cash 44,238 3,114 17,228
Increase (decrease) in cash, cash equivalents and restricted cash (253,563) 466,234 122,279
Cash, cash equivalents and restricted cash - beginning of year 1,830,020 1,363,786 1,241,507
Cash, cash equivalents and restricted cash - end of year 1,576,457 1,830,020 1,363,786
Supplemental disclosures of cash flow information:      
Income taxes paid 39,949 15,698 0
Interest paid $ 59,563 $ 64,822 $ 49,945