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SCHEDULE II - Condensed Statements of Cash Flows - Parent Company Only (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Cash flows from operating activities      
Net income (loss) $ 936,748 $ (85,994) $ 264,021
Adjustments to reconcile net income to net cash used in operating activities:      
Other, net 150,340 (141,808) (39,756)
Net cash provided by operating activities 998,869 447,493 242,876
Cash flows from investing activities      
Purchases of short-term investments 3,142,818 733,431 143,859
Other, net 94,263 5,357 71,511
Net cash provided by (used in) investing activities (117,994) (1,260,911) 98,821
Net cash used in financing activities (267,868) (94,251) (387,239)
Effect of foreign exchange rate changes on cash (6,451) 13,564 44,226
Increase (decrease) in cash and cash equivalents 606,556 (894,105) (1,316)
Cash and cash equivalents—beginning of year 877,907 1,772,012 1,773,328
Cash and cash equivalents—end of year 1,484,463 877,907 1,772,012
Fixed maturities      
Cash flows from investing activities      
Purchases of fixed maturities 14,918,698 15,638,777 12,465,127
Parent Company      
Cash flows from operating activities      
Net income (loss) 936,748 (85,994) 264,021
Adjustments to reconcile net income to net cash used in operating activities:      
Equity in net income of subsidiaries (959,194) 101,886 (329,390)
Other, net (17,167) (29,283) 25,239
Net cash provided by operating activities (39,613) (13,391) (40,130)
Cash flows from investing activities      
Advances to/from subsidiaries, net (282,233) (261,666) 11,138
Net issue of intercompany loans receivable and payable [1] 276,332 299,279 0
Other, net (29) (680) 414
Net cash provided by (used in) investing activities 44,189 (22,974) 35,517
Net cash used in financing activities [2] 0 0 0
Effect of foreign exchange rate changes on cash (1,145) 10,765 8,144
Increase (decrease) in cash and cash equivalents 3,431 (25,600) 3,531
Cash and cash equivalents—beginning of year 1,081 26,681 23,150
Cash and cash equivalents—end of year 4,512 1,081 26,681
Supplemental cash flow information:      
Non-cash dividends received from subsidiaries 979,000    
Parent Company | Fixed maturities      
Cash flows from investing activities      
Sales and redemptions of fixed maturities and short-term investments 72,724 65,025 40,379
Purchases of fixed maturities (18,621) (124,932) (16,414)
Parent Company | Short-term investments      
Cash flows from investing activities      
Sales and redemptions of fixed maturities and short-term investments 2,189 0 0
Purchases of short-term investments (6,173) 0 0
Subsidiaries      
Supplemental cash flow information:      
Non-cash capital contributions to subsidiaries 22,000    
Payment of dividends by subsidiary on behalf of parent $ 246,000 $ 94,000 $ 191,000
[1] During the year ended December 31, 2019, the Company recorded non-cash dividends received from subsidiaries and non-cash capital contributions to subsidiaries of $979 million and $22 million, respectively, with corresponding changes to the intercompany loan balances. These non-cash transactions have therefore been excluded from the Condensed Statements of Cash Flows—Parent Company Only.
[2] During the years ended December 31, 2019, 2018 and 2017, dividends paid to common and preferred shareholders of $246 million, $94 million and $191 million, respectively, were paid by a Bermuda subsidiary on behalf of the parent and have therefore been excluded from the Condensed Statements of Cash Flows—Parent Company Only.