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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
CASH FROM OPERATING ACTIVITIES:      
Net income to common stockholders $ 503,694 $ 648,884 $ 499,925
Adjustments to reconcile net income to net cash from operating activities:      
Net investment gains (92,324) (254,852) (121,544)
Depreciation and amortization 85,139 88,836 103,090
Noncontrolling interests 413 719 5,376
Investment funds (62,228) (131,649) (67,712)
Stock incentive plans 32,123 28,068 23,784
Change in:      
Arbitrage trading account (7,173) (50,817) (10,324)
Premiums and fees receivable (60,942) (104,174) (138,027)
Reinsurance accounts (31,930) (33,445) (171,263)
Deferred policy acquisition costs (29,860) (42,789) (52,124)
Increase (Decrease) in Income Taxes 20,428 (40,935) (45,613)
Current Income Tax Expense (Benefit) 176,832 271,306 139,164
Deferred income taxes 47,260 30,812 56,281
Reserves for losses and loss expenses 397,685 376,617 372,002
Unearned premiums 142,699 277,826 323,160
Other (63,680) (58,254) 42,787
Net cash from operating activities 881,304 734,847 819,798
CASH FLOWS USED IN INVESTING ACTIVITIES:      
Proceeds from sale of fixed maturity securities 1,388,680 633,459 1,344,707
Proceeds from sale of equity securities 15,833 113,251 267,554
Distributions from (contributions to) investment funds 177,424 69,319 (236,580)
Proceeds from maturities and prepayments of fixed maturity securities 2,999,339 2,605,839 2,718,156
Purchase of fixed maturity securities (4,455,223) (4,292,165) (4,198,135)
Purchase of equity securities (29,526) (31,207) (156,557)
Real estate purchased (222,659) (213,159) (107,352)
Proceeds from Sale of Buildings 0 343,723 0
Change in loans receivable 48,909 21,608 (30,974)
Net additions to property, furniture and equipment (63,562) (41,958) (63,150)
Change in balances due from security brokers (22,666) 32,617 (26,155)
Proceeds from Divestiture of Businesses, Net of Cash Divested 0 15,783  
Payment for business purchased, net of cash acquired (7,312) (65,421) (56,878)
Net cash used in investing activities (170,763) (808,311) (545,364)
CASH FLOWS USED IN FINANCING ACTIVITIES:      
Net proceeds from issuance of debt 9,056 354,012 346,822
Net proceeds from stock options exercised 0 0 53
Repayment of senior notes and other debt (281,086) (3,700) (465,389)
Cash dividends to common stockholders (58,034) (181,489) (52,717)
Purchase of common treasury shares (223,652) (238,933) (166,473)
Other (1,602) 337 7,442
Net cash used in financing activities (555,318) (69,773) (330,262)
Net impact on cash due to change in foreign exchange rates (66,033) (22,060) (10,104)
Net increase (decrease) in cash and cash equivalents 89,190 (165,297) (65,932)
Cash and cash equivalents at beginning of year 674,441 839,738 905,670
Cash and cash equivalents at end of year $ 763,631 $ 674,441 $ 839,738