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CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash flows from operating activities:    
Net income $ 183,982 $ 358,770
Adjustments to reconcile net income to net cash provided by operating activities:    
Net investment (gains) losses 267,771 (102,936)
Net realized and unrealized gains (losses) on other investments (39,419) (83,247)
Amortization of fixed maturities 19,883 19,054
Interest in income of equity method investments (12,600) (18,960)
Amortization of value of business acquired 0 2,056
Other amortization and depreciation 31,057 31,346
Share-based compensation expense, net of cash payments 21,726 13,950
Changes in:    
Accrued interest receivable (9,615) 1,760
Reinsurance recoverable on unpaid losses and loss expenses 4,487 (129,756)
Reinsurance recoverable on paid losses and loss expenses 131,422 (32,138)
Deferred acquisition costs (113,313) (144,256)
Prepaid reinsurance premiums (278,853) (284,411)
Reserve for losses and loss expenses (244,488) 229,099
Unearned premiums 880,348 1,014,854
Insurance and reinsurance balances, net (256,531) (338,258)
Other items (72,091) (2,000)
Net cash provided by operating activities 513,766 534,927
Purchases of:    
Fixed maturities, available for sale (3,947,249) (7,528,567)
Fixed maturities, held to maturity (198,904) (117,175)
Equity securities (49,924) (66,443)
Mortgage loans (101,264) (73,472)
Other investments (103,729) (125,534)
Short-term investments (90,430) (116,599)
Proceeds from the sale of:    
Fixed maturities, available for sale 3,419,822 6,255,928
Equity securities 55,287 10,876
Other investments 102,257 172,499
Short-term investments 37,798 124,271
Proceeds from the redemption of fixed maturities, available for sale 670,456 960,936
Proceeds from the redemption of fixed maturities, held to maturity 3,500 118,897
Proceeds from redemption of short-term investments 18,030 40,868
Proceeds from the repayment of mortgage loans 39,596 10,940
Purchase of other assets (17,047) (14,107)
Net cash used in investing activities (161,801) (346,682)
Cash flows from financing activities:    
Repurchase of common shares - open market (34,987) 0
Taxes paid on withholding shares (13,346) (9,820)
Dividends paid - common shares (76,447) (74,306)
Dividends paid - preferred shares (15,125) (15,125)
Net cash used in financing activities (139,905) (99,251)
Effect of exchange rate changes on foreign currency cash, cash equivalents and restricted cash (31,822) (2,783)
Increase in cash, cash equivalents and restricted cash 180,238 86,211
Cash, cash equivalents and restricted cash - beginning of period 1,317,690 1,503,232
Cash, cash equivalents and restricted cash - end of period 1,497,928 1,589,443
Supplemental disclosures of cash flow information:    
Income taxes paid 12,865 29,849
Interest paid $ 29,700 $ 29,700