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CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Cash flows from operating activities:    
Net income (loss) $ (177,827) $ 108,781
Adjustments to reconcile net income (loss) to net cash used in operating activities:    
Net investment (gains) losses 62,877 (12,767)
Net realized and unrealized (gains) losses on other investments 2,119 (6,528)
Amortization of fixed maturities 6,359 5,832
Interest in (income) loss of equity method investments 23,577 (2,219)
Amortization of value of business acquired 1,799 13,104
Other amortization and depreciation 15,612 23,742
Share-based compensation expense, net of cash payments (4,650) (3,679)
Changes in:    
Accrued interest receivable 1,234 1,544
Reinsurance recoverable balances on unpaid and paid losses (260,131) (98,425)
Deferred acquisition costs (119,796) (136,906)
Prepaid reinsurance premiums (181,055) (260,567)
Reserve for losses and loss expenses 348,285 4,829
Unearned premiums 774,703 903,253
Insurance and reinsurance balances, net (502,437) (559,150)
Other items (40,413) (38,536)
Net cash used in operating activities (49,744) (57,692)
Cash flows from investing activities:    
Fixed maturities (2,777,053) (2,425,086)
Equity securities (16,132) (23,503)
Mortgage loans (84,738) (14,965)
Other investments (20,858) (70,039)
Short-term investments (94,352) (85,045)
Proceeds from the sale of:    
Fixed maturities 2,506,490 1,978,928
Equity securities 10,308 14,875
Other investments 32,355 67,865
Short-term investments 54,105 185,445
Proceeds from redemption of fixed maturities 424,207 278,150
Proceeds from redemption of short-term investments 1,775 2,413
Proceeds from the repayment of mortgage loans 399 243
Purchase of other assets (13,485) (12,051)
Net cash provided by (used in) investing activities 23,021 (102,770)
Cash flows from financing activities:    
Taxes paid on withholding shares (8,491) (9,003)
Dividends paid - common shares (37,318) (36,260)
Repurchase of preferred shares 225,000 0
Dividends paid - preferred shares (9,144) (10,656)
Net cash used in financing activities (279,953) (55,919)
Effect of exchange rate changes on foreign currency cash, cash equivalents and restricted cash (28,718) (7,381)
Decrease in cash, cash equivalents and restricted cash (335,394) (223,762)
Cash, cash equivalents and restricted cash - beginning of period 1,576,457 1,830,020
Cash, cash equivalents and restricted cash - end of period 1,241,063 1,606,258
Supplemental disclosures of cash flow information:    
Income taxes paid (refund) (2,131) 1,321
Interest paid $ 13,133 $ 0