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Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income (loss) $ 297,751 $ 341,862
Adjustments to reconcile net income to net cash provided by operating activities:    
Decrease (increase) in premiums receivable (14,203) (105,460)
Decrease (increase) in funds held by reinsureds, net (67,033) (25,584)
Decrease (increase) in reinsurance recoverables (125,881) (14,518)
Decrease (increase) in income taxes 1,251 24,908
Decrease (increase) in prepaid reinsurance premiums (7,167) (27,071)
Increase (decrease) in reserve for losses and loss adjustment expenses 632,398 655,070
Increase (decrease) in future policy benefit reserve (1,146) (162)
Increase (decrease) in unearned premiums 4,045 196,631
Increase (decrease) in other net payable to reinsurers 46,310 105,390
Increase (decrease) in losses in course of payment (125,074) 11,980
Change in equity adjustments in limited partnerships (97,831) (116,767)
Distribution of limited partnership income 71,174 18,125
Change in other assets and liabilities, net 47,052 (149,480)
Non-cash compensation expense 11,912 11,021
Amortization of bond premium (accrual of bond discount) 19,254 17,323
Net (gains) losses on investments 153,627 (38,902)
Net cash provided by (used in) operating activities 846,439 904,366
CASH FLOWS FROM INVESTING ACTIVITIES:    
Proceeds from fixed maturities matured/called - available for sale, at market value 849,019 818,352
Proceeds from fixed maturities sold - available for sale, at market value 418,988 228,278
Proceeds from equity securities sold, at fair value 90,101 281,313
Distributions from other invested assets 162,719 52,211
Cost of fixed maturities acquired - available for sale, at market value (2,010,859) (1,776,730)
Cost of equity securities acquired, at fair value (195,026) (174,981)
Cost of other invested assets acquired (137,430) (98,939)
Net change in short-term investments 354,761 308,585
Net change in unsettled securities transactions 46,399 (93,610)
Net cash provided by (used in) investing activities (421,328) (455,521)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Common shares issued during the period for share-based compensation, net of expense (14,450) (10,583)
Purchase of treasury shares (1,322) (23,545)
Dividends paid to shareholders (61,097) (62,229)
Cost of shares withheld on settlements of share-based compensation awards (16,692) (12,507)
Net cash provided by (used in) financing activities (93,561) (108,864)
EFFECT OF EXCHANGE RATE CHANGES ON CASH 5,807 (8,972)
Net increase (decrease) in cash 337,357 331,009
Cash, beginning of period 1,440,861 801,651
Cash, end of period 1,778,218 1,132,660
SUPPLEMENTAL CASH FLOW INFORMATION:    
Income taxes paid (recovered) 2,681 6,417
Interest paid $ 2,210 $ 1,880