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CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Cash flows from operating activities:    
Net income (loss) $ (341,541) $ 364,460
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Net realized investment losses 14,811 40,295
Net realized and unrealized gains on other investments (56,759) (23,117)
Amortization of fixed maturities 32,528 51,660
Interest in loss of equity method investments 8,402 2,434
Other amortization and depreciation 19,279 17,370
Share-based compensation expense, net of cash payments 1,516 28,580
Non-cash foreign exchange losses 24,149 0
Bargain purchase gain (15,044) 0
Changes in:    
Accrued interest receivable 8,730 3,286
Reinsurance recoverable balances 60,522 (163,212)
Deferred acquisition costs (123,961) (73,759)
Prepaid reinsurance premiums (178,464) (184,648)
Reserve for loss and loss expenses 918,511 216,828
Unearned premiums 540,108 682,686
Insurance and reinsurance balances, net (465,436) (623,170)
Other items (135,266) (74,383)
Net cash provided by operating activities 312,085 265,310
Cash flows from investing activities:    
Fixed maturities (6,250,608) (6,624,573)
Equity securities (108,804) (295,827)
Mortgage loans (20,812) (131,087)
Other investments (135,526) (177,500)
Equity method investments (1,000) (103,548)
Short-term investments (20,792) (81,479)
Proceeds from the sale of:    
Fixed maturities 5,354,398 6,067,663
Equity securities 232,755 296,182
Other investments 203,896 170,111
Short-term investments 19,284 67,408
Proceeds from redemption of fixed maturities 1,546,998 977,852
Proceeds from redemption of short-term investments 116,261 8,185
Proceeds from the repayment of mortgage loans 10,702 4,808
Purchase of other assets (25,842) (19,055)
Change in restricted cash and cash equivalents (78,501) (42,445)
Purchase of subsidiary, net (73,067) 0
Net cash provided by investing activities 769,342 116,695
Cash flows from financing activities:    
Repurchase of common shares (290,496) (389,086)
Dividends paid - common shares (102,868) (100,670)
Repurchase of preferred shares (351,074) (2,843)
Dividends paid - preferred shares (42,188) (29,940)
Proceeds from issuance of common shares 0 8
Net cash used in financing activities (786,626) (522,531)
Effect of exchange rate changes on foreign currency cash and cash equivalents 16,318 593
Increase (decrease) in cash and cash equivalents 311,119 (139,933)
Cash and cash equivalents - beginning of period 1,039,494 988,133
Cash and cash equivalents - end of period $ 1,350,613 $ 848,200