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CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Cash flows from operating activities:    
Net income (loss) $ 123,300 $ (177,827)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Net investment (gains) losses (29,645) 62,877
Net realized and unrealized (gains) losses on other investments (41,833) 2,119
Amortization of fixed maturities 7,965 6,359
Interest in (income) loss of equity method investments (9,162) 23,577
Amortization of value of business acquired 1,028 1,799
Other amortization and depreciation 15,096 15,612
Share-based compensation expense, net of cash payments 1,721 (4,650)
Changes in:    
Accrued interest receivable 3,585 1,234
Reinsurance recoverable balances on unpaid and paid losses (61,380) (260,131)
Deferred acquisition costs (147,129) (119,796)
Prepaid reinsurance premiums (184,288) (181,055)
Reserve for losses and loss expenses 97,161 348,285
Unearned premiums 867,277 774,703
Insurance and reinsurance balances, net (491,151) (502,437)
Other items (7,399) (40,413)
Net cash provided by (used in) operating activities 145,146 (49,744)
Purchases of:    
Fixed maturities, available for sale (4,671,969) (2,777,053)
Fixed maturities, held to maturity (60,749) 0
Equity securities (35,668) (16,132)
Mortgage loans (45,498) (84,738)
Other investments (46,324) (20,858)
Short-term investments (109,597) (94,352)
Proceeds from the sale of:    
Fixed maturities, available for sale 4,188,525 2,506,490
Equity securities (6,550) 10,308
Other investments 127,385 32,355
Short-term investments 63,657 54,105
Proceeds from the redemption of fixed maturities, available for sale 486,401 424,207
Proceeds from the redemption of fixed maturities, held to maturity 61,170 0
Proceeds from redemption of short-term investments 21,886 1,775
Proceeds from the repayment of mortgage loans 9,321 399
Purchase of other assets (6,216) (13,485)
Net cash provided by (used in) investing activities (24,226) 23,021
Cash flows from financing activities:    
Taxes paid on withholding shares (9,381) (8,491)
Dividends paid - common shares (38,583) (37,318)
Repurchase of preferred shares 0 (225,000)
Dividends paid - preferred shares (7,563) (9,144)
Net cash used in financing activities (55,527) (279,953)
Effect of exchange rate changes on foreign currency cash, cash equivalents and restricted cash (8,346) (28,718)
Increase (decrease) in cash, cash equivalents and restricted cash 57,047 (335,394)
Cash, cash equivalents and restricted cash - beginning of period 1,503,232 1,576,457
Cash, cash equivalents and restricted cash - end of period 1,560,279 1,241,063
Supplemental disclosures of cash flow information:    
Income taxes paid (refund) 8,981 (2,131)
Interest paid $ 22,700 $ 13,133