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Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Cash flows from operating activities    
Net earnings $ 204,641 $ 196,294
Adjustments to reconcile net earnings to net cash provided by (used in) operating activities:    
Depreciation and amortization 34,406 65,199
Net realized capital (gains) losses (96,836) (50,902)
Other than temporary impairment losses 5,220 32,312
(Increase) decrease in reinsurance recoverables, net of reinsurance payable 26,318 50,668
(Increase) decrease in premium balances receivable (113,005) (87,487)
(Increase) decrease in ceded unearned premiums (12,011) (14,029)
(Increase) decrease in deferred acquisition costs (23,658) (17,960)
Increase (decrease) in unearned premiums 92,398 18,338
Increase (decrease) in loss and loss adjustment expenses (87,822) (188,267)
Change in unrealized foreign exchange (losses) gains (18,543) 78,955
Other, net (126,845) 67,433
Net adjustments (320,378) (45,740)
Net cash provided by (used in) operating activities (115,737) 150,554
Cash flows from investing activities    
Purchases of debt securities (1,744,739) (1,903,342)
Purchases of equity securities (704,290) (1,376,991)
Sales of debt securities 1,668,560 2,178,552
Maturities and redemptions of debt securities 244,451 432,542
Sales of equity securities 314,160 863,175
Net (purchase) sale in short-term investments 418,649 (372,447)
Purchases of property and equipment (12,019) (1,557)
Other, net (1,499) 20,439
Net cash (used in) provided by investing activities 183,273 (159,629)
Cash flows from financing activities    
Treasury stock acquisitions (94,642) (31,576)
Other, net 8,929 (8,735)
Net cash provided by (used in) financing activities (85,713) (40,311)
Effect of exchange rate changes on cash 1,276 (25,259)
Net (decrease) increase in cash (16,901) (74,645)
Cash at beginning of period 498,315 649,524
Cash at end of period 481,414 574,879
Cash paid during the period for:    
Interest paid 8,580 8,438
Income taxes paid (refunds received) $ 71,106 $ (45,366)