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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
CASH FROM OPERATING ACTIVITIES:    
Net income to common stockholders $ 562,638 $ 508,392
Adjustments to reconcile net income to net cash from (used in) operating activities:    
Net realized and unrealized gains on investments (143,691) (140,429)
Depreciation and amortization 42,007 76,541
Noncontrolling interests 1,554 4,402
Investment funds (77,284) (94,075)
Stock incentive plans 38,440 28,528
Change in:    
Arbitrage trading account (20,422) (14,795)
Premiums and fees receivable (206,867) (107,347)
Reinsurance accounts (116,359) (114,298)
Deferred policy acquisition costs (30,537) (7,466)
Income taxes (16,449) (99,945)
Reserves for losses and loss expenses 443,454 230,112
Unearned premiums 336,664 176,736
Other (18,104) (103,832)
Net cash from operating activities 795,044 342,524
CASH USED IN INVESTING ACTIVITIES:    
Proceeds from sale of fixed maturity securities 1,341,688 2,841,642
Proceeds from sale of equity securities 40,709 449,388
Distributions from (contributions to) investment funds 187,321 (3,505)
Proceeds from maturities and prepayments of fixed maturity securities 2,278,264 1,957,724
Purchase of fixed maturity securities (3,853,108) (5,187,501)
Purchase of equity securities (66,305) (87,059)
Real estate purchased (176,538) (454,410)
Change in loans receivable 3,156 (14,345)
Net additions to property, furniture and equipment (1,802) (35,582)
Change in balances due to security brokers 54,620 5,601
Cash received in connection with business disposition 0 8,664
Payment for business purchased net of cash acquired 0 (6,637)
Other 45 (443)
Net cash used in investing activities (191,950) (526,463)
CASH (USED IN) FROM FINANCING ACTIVITIES:    
Repayment of senior notes and other debt (448,409) (23)
Net proceeds from issuance of debt 0 198,905
Cash dividends to common stockholders (130,035) (96,131)
Purchase of common treasury shares 0 (6,799)
Other, net (20,750) (4,238)
Net cash (used in) from financing activities (599,194) 91,714
Net impact on cash due to change in foreign exchange rates (8,952) (38,880)
Net change in cash and cash equivalents (5,052) (131,105)
Cash and cash equivalents at beginning of year 817,602 950,471
Cash and cash equivalents at end of period $ 812,550 $ 819,366