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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
CASH FROM OPERATING ACTIVITIES:      
Net income to common stockholders $ 601,916 $ 503,694 $ 648,884
Adjustments to reconcile net income to net cash from operating activities:      
Net investment gains (267,005) (92,324) (254,852)
Depreciation and amortization 86,051 85,139 88,836
Noncontrolling interests 1,569 413 719
Investment funds (99,301) (62,228) (131,649)
Stock incentive plans 37,174 32,123 28,068
Change in:      
Arbitrage trading account (10,633) (7,173) (50,817)
Premiums and fees receivable (60,403) (60,942) (104,174)
Reinsurance accounts (235,455) (31,930) (33,445)
Deferred policy acquisition costs (25,912) (29,860) (42,789)
Increase (Decrease) in Income Taxes 42,632 20,428 (40,935)
Current Income Tax Expense (Benefit) 283,173 176,832 271,306
Deferred income taxes 9,012 47,260 30,812
Reserves for losses and loss expenses 572,196 397,685 376,617
Unearned premiums 149,683 142,699 277,826
Other 46,852 (63,680) (58,254)
Net cash from operating activities 848,376 881,304 734,847
CASH FLOWS USED IN INVESTING ACTIVITIES:      
Proceeds from sale of fixed maturity securities 2,440,310 1,388,680 633,459
Proceeds from sale of equity securities 143,042 15,833 113,251
Distributions from investment funds 142,601 177,424 69,319
Proceeds from maturities and prepayments of fixed maturity securities 2,189,365 2,999,339 2,605,839
Purchase of fixed maturity securities (5,541,202) (4,455,223) (4,292,165)
Purchase of equity securities (202,736) (29,526) (31,207)
Real estate purchased (299,123) (222,659) (213,159)
Proceeds from Sale of Buildings 0 0 343,723
Change in loans receivable 166,327 48,909 21,608
Net additions to property, furniture and equipment (50,829) (63,562) (41,958)
Change in balances due from security brokers 20,992 (22,666) 32,617
Proceeds from Divestiture of Businesses, Net of Cash Divested 250,216 0 15,783
Payment for business purchased, net of cash acquired (53,451) (7,312) (65,421)
Net cash used in investing activities (794,488) (170,763) (808,311)
CASH FLOWS USED IN FINANCING ACTIVITIES:      
Net proceeds from issuance of debt 388,769 9,056 354,012
Repayment of senior notes and other debt (75,487) (281,086) (3,700)
Cash dividends to common stockholders (183,999) (58,034) (181,489)
Purchase of common treasury shares (132,392) (223,652) (238,933)
Other, net (3,823) (1,602) 337
Net cash used in financing activities (6,932) (555,318) (69,773)
Net impact on cash due to change in foreign exchange rates (15,302) (66,033) (22,060)
Net increase (decrease) in cash and cash equivalents 31,654 89,190 (165,297)
Cash and cash equivalents at beginning of year 763,631 674,441  
Cash and cash equivalents at end of year $ 795,285 $ 763,631 $ 674,441