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Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Dec. 31, 2014
CASH FLOWS FROM OPERATING ACTIVITIES:          
Net income (loss) $ 107,572 $ 301,253 $ 682,114 $ 901,200  
Adjustments to reconcile net income to net cash provided by operating activities:          
Decrease (increase) in premiums receivable     (274,198) (255,645)  
Decrease (increase) in funds held by reinsureds, net     33,255 (6,929)  
Decrease (increase) in reinsurance receivables     (202,329) (256,458)  
Decrease (increase) in income taxes     (61,627) (14,696)  
Decrease (increase) in prepaid reinsurance premiums     (46,633) (101,478)  
Increase (decrease) in reserve for losses and loss adjustment expenses     347,729 172,511  
Increase (decrease) in future policy benefit reserve     (240) (1,879)  
Increase (decrease) in unearned premiums     1,455 255,537  
Increase (decrease) in other net payable to reinsurers     67,550 101,984  
Increase (decrease) in losses in course of payment     142,418 165,105  
Change in equity adjustments in limited partnerships     (12,725) (24,438)  
Distribution of limited partnership income     42,625 41,165  
Change in other assets and liabilities, net     18,573 (32,114)  
Non-cash compensation expense     16,150 14,720  
Amortization of bond premium (accrual of bond discount)     38,770 38,010  
Amortization of underwriting discount on senior notes     3 43  
Net realized capital (gains) losses 159,971 9,448 194,654 (70,694)  
Net cash provided by (used in) operating activities     987,544 925,944  
CASH FLOWS FROM INVESTING ACTIVITIES:          
Proceeds from fixed maturities matured/called - available for sale, at market value     1,687,589 1,638,278  
Proceeds from fixed maturities matured/called - available for sale, at fair value       875  
Proceeds from fixed maturities sold - available for sale, at market value     1,146,000 1,050,082  
Proceeds from fixed maturities sold - available for sale, at fair value     1,824 23,856  
Proceeds from equity securities sold - available for sale, at market value     22,120 11,174  
Proceeds from equity securities sold - available for sale, at fair value     439,692 452,514  
Distributions from other invested assets     41,782 59,264  
Proceeds from sale of subsidiary (net of cash disposed)     3,934    
Cost of fixed maturities acquired - available for sale, at market value     (3,583,990) (3,729,423)  
Cost of fixed maturities acquired - available for sale, at fair value     (234) (23,684)  
Cost of equity securities acquired - available for sale, at market value     (6,581) (11,873)  
Cost of equity securities acquired - available for sale, at fair value     (460,965) (262,871)  
Cost of other invested assets acquired     (140,923) (120,911)  
Net change in short-term investments     83,584 (284,822)  
Net change in unsettled securities transactions     (18,242) 13,496  
Net cash provided by (used in) investing activities     (784,410) (1,184,045)  
CASH FLOWS FROM FINANCING ACTIVITIES:          
Common shares issued during the period, net     9,896 15,465  
Purchase of treasury shares     (324,981) (399,942)  
Net proceeds from issuance of senior notes       400,000  
Third party investment in redeemable noncontrolling interest     296,848 136,200  
Dividends paid to shareholders     (125,905) (103,034)  
Dividends paid on third party investment in redeemable noncontrolling interest     (67,233) (10,334)  
Net cash provided by (used in) financing activities     (211,375) 38,355  
EFFECT OF EXCHANGE RATE CHANGES ON CASH     (28,007) 10,167  
Net increase (decrease) in cash     (36,248) (209,579)  
Cash, beginning of period     437,474 611,382 $ 611,382
Cash, end of period $ 401,226 $ 401,803 401,226 401,803 $ 437,474
SUPPLEMENTAL CASH FLOW INFORMATION:          
Income taxes paid (recovered)     123,234 146,560  
Interest paid     $ 18,039 $ 15,150