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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Cash flows from operating activities:      
Net income $ 376,292 $ 223,083 $ 618,609
Adjustments to reconcile net income to net cash provided by operating activities:      
Net investment (gains) losses 74,630 456,789 (134,279)
Net realized and unrealized gains on other investments (19,682) (55,757) (180,329)
Amortization of fixed maturities (20,167) 26,138 35,839
Interest in income of equity method investments (4,163) (1,995) (32,084)
Amortization of value of business acquired 0 0 3,854
Other amortization and depreciation 75,552 68,288 66,977
Share-based compensation expense, net of cash payments 54,120 48,494 37,744
Changes in:      
Accrued interest receivable (11,777) (30,432) 633
Reinsurance recoverable on unpaid losses and loss expenses (493,831) (825,608) (527,362)
Reinsurance recoverable on paid losses and loss expenses (60,860) 92,781 (210,660)
Deferred acquisition costs 21,499 (10,548) (34,386)
Prepaid reinsurance premiums (365,732) (176,498) (185,646)
Reserve for losses and loss expenses 1,272,999 544,459 737,342
Unearned premiums 388,747 287,082 409,858
Insurance and reinsurance balances, net 13,813 197,610 435,603
Other items (45,881) (45,848) 155,979
Net cash provided by operating activities 1,255,559 798,038 1,197,692
Purchases of:      
Fixed maturities, available for sale (6,348,753) (7,476,440) (12,133,755)
Fixed maturities, held to maturity (37,499) (255,610) (196,775)
Equity securities (89,502) (94,324) (137,247)
Mortgage loans (24,867) (117,023) (145,832)
Other investments (91,010) (147,717) (263,712)
Equity method investments (22,183) 0 0
Short-term investments (247,499) (176,968) (159,056)
Proceeds from the sale of:      
Fixed maturities, available for sale 4,848,826 6,110,148 9,203,241
Equity securities 55,651 138,542 24,862
Other investments 158,348 156,719 324,810
Short-term investments 227,318 116,752 177,672
Proceeds from redemption of fixed maturities, available for sale 934,017 1,018,922 1,817,482
Proceeds from redemption of fixed maturities, held to maturity 49,609 3,541 155,809
Proceeds from redemption of short-term investments 76,545 20,124 111,417
Proceeds from the repayment of mortgage loans 36,375 84,365 145,621
Proceeds from the (purchase) sale of other assets, net (31,144) (36,829) (38,732)
Loan advances made (349,842) (105,822) (82,870)
Net cash used in investing activities (855,610) (761,620) (1,197,065)
Cash flows from financing activities:      
Repurchase of common shares - open market 0 (34,987) 0
Taxes paid on withholding shares (23,596) (13,994) (10,242)
Dividends paid - common shares (153,775) (149,341) (145,603)
Dividends paid - preferred shares (30,250) (30,250) (30,250)
Federal Home Loan Bank advances, net 5,250 78,950 0
Net cash used in financing activities (202,371) (149,622) (186,095)
Effect of exchange rate changes on foreign currency cash, cash equivalents and restricted cash 11,754 (29,833) (74)
Increase (decrease) in cash, cash equivalents and restricted cash 209,332 (143,037) (185,542)
Cash, cash equivalents and restricted cash - beginning of year 1,174,653 1,317,690 1,503,232
Cash, cash equivalents and restricted cash - end of year 1,383,985 1,174,653 1,317,690
Supplemental disclosures of cash flow information:      
Income taxes paid 77,479 33,418 45,083
Interest paid $ 63,596 $ 59,886 $ 59,400