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Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Dec. 31, 2014
CASH FLOWS FROM OPERATING ACTIVITIES:          
Net income (loss) $ 235,472 $ 297,925 $ 574,542 $ 599,947  
Adjustments to reconcile net income to net cash provided by operating activities:          
Decrease (increase) in premiums receivable     (51,422) (97,827)  
Decrease (increase) in funds held by reinsureds, net     68,245 2,148  
Decrease (increase) in reinsurance receivables     (32,526) (137,077)  
Decrease (increase) in income taxes     (20,898) 15,257  
Decrease (increase) in prepaid reinsurance premiums     (28,916) (68,346)  
Increase (decrease) in reserve for losses and loss adjustment expenses     113,567 8,055  
Increase (decrease) in future policy benefit reserve     (364) (1,144)  
Increase (decrease) in unearned premiums     (160,849) 96,803  
Increase (decrease) in other net payable to reinsurers     23,867 100,546  
Increase (decrease) in losses in course of payment     95,003 161,990  
Change in equity adjustments in limited partnerships     (12,840) (3,200)  
Distribution of limited partnership income     18,332 13,430  
Change in other assets and liabilities, net     26,768 (56,872)  
Non-cash compensation expense     10,364 9,768  
Amortization of bond premium (accrual of bond discount)     25,514 27,068  
Amortization of underwriting discount on senior notes     2 28  
Net realized capital (gains) losses 24,178 (59,016) 34,683 (80,142)  
Net cash provided by (used in) operating activities     683,072 590,432  
CASH FLOWS FROM INVESTING ACTIVITIES:          
Proceeds from fixed maturities matured/called - available for sale, at market value     1,172,211 1,047,509  
Proceeds from fixed maturities matured/called - available for sale, at fair value       875  
Proceeds from fixed maturities sold - available for sale, at market value     731,673 606,476  
Proceeds from fixed maturities sold - available for sale, at fair value     1,613 20,763  
Proceeds from equity securities sold - available for sale, at market value     4,599 8,672  
Proceeds from equity securities sold - available for sale, at fair value     300,620 304,892  
Distributions from other invested assets     27,705 22,520  
Cost of fixed maturities acquired - available for sale, at market value     (2,448,121) (2,458,723)  
Cost of fixed maturities acquired - available for sale, at fair value     (234) (1,309)  
Cost of equity securities acquired - available for sale, at market value     (5,541) (10,619)  
Cost of equity securities acquired - available for sale, at fair value     (317,650) (183,314)  
Cost of other invested assets acquired     (98,890) (34,388)  
Net change in short-term investments     (199,226) (423,677)  
Net change in unsettled securities transactions     4,475 20,633  
Net cash provided by (used in) investing activities     (826,766) (1,079,690)  
CASH FLOWS FROM FINANCING ACTIVITIES:          
Common shares issued during the period, net     5,468 13,143  
Purchase of treasury shares     (124,981) (324,951)  
Net proceeds from issuance of senior notes       400,000  
Third party investment in redeemable noncontrolling interest     296,848 123,700  
Subscription advances for third party redeemable noncontrolling interest       77,500  
Dividends paid to shareholders     (84,207) (69,061)  
Dividends paid on third party investment in redeemable noncontrolling interest     (41,178)    
Net cash provided by (used in) financing activities     51,950 220,331  
EFFECT OF EXCHANGE RATE CHANGES ON CASH     (6,829) (885)  
Net increase (decrease) in cash     (98,573) (269,812)  
Cash, beginning of period     437,474 611,382 $ 611,382
Cash, end of period $ 338,901 $ 341,570 338,901 341,570 $ 437,474
SUPPLEMENTAL CASH FLOW INFORMATION:          
Income taxes paid (recovered)     93,352 97,241  
Interest paid     $ 17,907 $ 15,018