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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Cash flows from operating activities:      
Net income (loss) $ (120,424) $ 323,473 $ 43,021
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Net investment (gains) losses (129,133) (91,233) 144,297
Net realized and unrealized gains on other investments (16,059) (60,038) (45,153)
Amortization of fixed maturities 32,893 18,499 24,663
Interest in (income) loss of equity method investments 3,612 (9,718) 495
Amortization of value of business acquired 5,139 26,722 172,332
Other amortization and depreciation 65,797 75,229 9,795
Share-based compensation expense, net of cash payments 29,005 32,491 34,346
Non-cash foreign exchange gains 0 (6,043) 0
Changes in:      
Accrued interest receivable 13,097 2,140 (3,184)
Reinsurance recoverable on unpaid and paid losses and loss expenses (723,860) (412,076) (766,690)
Deferred acquisition costs 60,828 74,331 (98,329)
Prepaid reinsurance premiums (94,122) (88,789) (212,654)
Reserve for losses and loss expenses 1,178,292 467,428 442,839
Unearned premiums 62,999 (7,958) 29,760
Insurance and reinsurance balances, net 72,503 (51,075) 208,783
Other items (97,064) (94,379) 26,452
Net cash provided by operating activities 343,503 199,004 10,773
Purchases of:      
Fixed maturities (10,494,198) (9,994,025) (8,464,140)
Equity securities (117,883) (58,022) (73,107)
Mortgage loans (199,259) (194,020) (106,171)
Other investments (166,602) (218,178) (180,126)
Short-term investments (365,170) (179,230) (305,670)
Proceeds from the sale of:      
Fixed maturities 9,784,137 8,018,658 7,586,536
Equity securities 119,381 36,016 246,196
Other investments 166,976 249,129 361,030
Short-term investments 171,976 266,057 178,983
Proceeds from redemption of fixed maturities 1,526,396 1,282,796 1,241,214
Proceeds from redemption of short-term investments 69,707 19,366 45,831
Proceeds from the repayment of mortgage loans 39,121 60,244 133,081
Purchase of other assets (44,661) (63,106) (25,103)
Net cash provided by (used in) investing activities 489,921 (774,315) 638,554
Cash flows from financing activities:      
Net proceeds from issuance of senior notes 0 717,509 0
Redemption of senior notes (500,000) (250,000) 0
Repurchase of preferred shares (225,000) 0 0
Taxes paid on withholding shares (10,382) (10,165) (10,080)
Dividends paid - common shares (141,590) (137,209) (133,502)
Dividends paid - preferred shares (31,831) (42,625) (42,625)
Net cash provided by (used in) financing activities (908,803) 277,510 (186,207)
Effect of exchange rate changes on foreign currency cash, cash equivalents and restricted cash 2,154 44,238 3,114
Increase (decrease) in cash, cash equivalents and restricted cash (73,225) (253,563) 466,234
Cash, cash equivalents and restricted cash - beginning of year 1,576,457 1,830,020 1,363,786
Cash, cash equivalents and restricted cash - end of year 1,503,232 1,576,457 1,830,020
Supplemental disclosures of cash flow information:      
Income taxes paid 4,414 39,949 15,698
Interest paid $ 54,108 $ 59,563 $ 64,822