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CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Cash flows from operating activities:    
Net income (loss) $ 413,716 $ (123,167)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Net investment gains (113,868) (45,777)
Net realized and unrealized (gains) losses on other investments (123,364) 14,574
Amortization of fixed maturities 28,601 24,398
Interest in (income) loss of equity method investments (30,871) 13,579
Amortization of value of business acquired 3,083 4,111
Other amortization and depreciation 46,967 46,734
Share-based compensation expense, net of cash payments 25,848 17,650
Changes in:    
Accrued interest receivable 2,441 7,792
Reinsurance recoverable balances on unpaid and paid losses (570,087) (506,705)
Deferred acquisition costs (113,959) (29,126)
Prepaid reinsurance premiums (267,082) (177,624)
Reserve for losses and loss expenses 741,277 910,106
Unearned premiums 782,094 448,035
Insurance and reinsurance balances, net 110,921 (166,708)
Other items 74,447 (89,093)
Net cash provided by operating activities 1,010,164 348,779
Purchases of:    
Fixed maturities, available for sale (10,183,487) (8,543,641)
Fixed maturities, held to maturity (146,150) 0
Equity securities (105,167) (40,027)
Mortgage loans (85,202) (115,290)
Other investments (194,212) (93,044)
Short-term investments (135,399) (206,400)
Proceeds from the sale of:    
Fixed maturities, available for sale 7,945,524 7,856,524
Equity securities 10,928 95,960
Other investments 254,580 133,536
Short-term investments 156,674 117,097
Proceeds from the redemption of fixed maturities, available for sale 1,381,867 1,155,648
Proceeds from the redemption of fixed maturities, held to maturity 134,347 0
Proceeds from redemption of short-term investments 71,665 57,948
Proceeds from the repayment of mortgage loans 55,410 4,245
Purchase of other assets (30,706) (36,582)
Net cash provided by (used in) investing activities (869,328) 385,974
Cash flows from financing activities:    
Taxes paid on withholding shares (10,026) (8,685)
Dividends paid - common shares (109,974) (106,595)
Repurchase of preferred shares 0 (225,000)
Dividends paid - preferred shares (22,688) (24,269)
Redemption of senior notes 0 (500,000)
Net cash used in financing activities (142,688) (864,549)
Effect of exchange rate changes on foreign currency cash, cash equivalents and restricted cash (2,176) (5,845)
Decrease in cash, cash equivalents and restricted cash (4,028) (135,641)
Cash, cash equivalents and restricted cash - beginning of period 1,503,232 1,576,457
Cash, cash equivalents and restricted cash - end of period 1,499,204 1,440,816
Supplemental disclosures of cash flow information:    
Income taxes paid (refund) 43,548 (5,309)
Interest paid $ 45,963 $ 47,108