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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
CASH FROM (USED IN) OPERATING ACTIVITIES:    
Net income to common stockholders $ 119,511 $ 118,307
Adjustments to reconcile net income to net cash from operating activities:    
Net investment gains (7,343) (19,044)
Depreciation and amortization 30,245 19,203
Noncontrolling interests 737 137
Investment funds (16,636) (6,061)
Stock incentive plans 8,766 8,171
Change in:    
Arbitrage trading account 383 7,692
Premiums and fees receivable (79,531) (71,181)
Reinsurance accounts (26,319) (46,260)
Deferred policy acquisition costs (33,466) (21,314)
Income taxes 46,780 44,618
Reserves for losses and loss expenses 108,057 152,925
Unearned premiums 171,553 117,403
Other (181,969) (243,584)
Net cash from operating activities 140,768 61,012
CASH FROM (USED IN) INVESTING ACTIVITIES:    
Proceeds from sale of fixed maturity securities 381,732 466,276
Proceeds from sale of equity securities 1,880 9,785
Distributions from investment funds 15,788 (9,363)
Proceeds from maturities and prepayments of fixed maturity securities 455,463 655,349
Purchase of fixed maturity securities (1,032,129) (1,094,439)
Purchase of equity securities (1,108) (8,882)
Real estate purchased (53,781) (44,162)
Change in loans receivable 123,737 41,244
Net additions to property, furniture and equipment (12,461) (7,680)
Change in balances due to security brokers 69,642 (2,652)
Payment for business purchased net of cash aquired (54,313) 0
Net cash from (used in) investing activities (105,550) 5,476
CASH FROM (USED IN) FINANCING ACTIVITIES:    
Repayment of senior notes and other debt (33,721) (3,240)
Proceeds from Issuance of Debt 110,093 0
Cash dividends to common stockholders (14,711) (13,749)
Purchase of common treasury shares (37,424) (91,213)
Other, net 3,158 (1,187)
Net cash from (used in) financing activities 27,395 (109,389)
Net impact on cash due to change in foreign exchange rates 11,271 (16,845)
Net increase (decrease) in cash and cash equivalents 73,884 (59,746)
Cash and cash equivalents at beginning of year 763,631 674,441
Cash and cash equivalents at end of period $ 837,515 $ 614,695