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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Cash flows from operating activities    
Net earnings $ 154,653 $ 125,420
Adjustments to reconcile net earnings to net cash provided by (used in) operating activities:    
Depreciation and amortization 34,905 42,083
Net realized capital (gains) losses (35,893) (43,151)
Other than temporary impairment losses 20,759 52,281
(Increase) decrease in reinsurance recoverables, net of reinsurance payable 65,627 215
(Increase) decrease in premium balances receivable (3,708) 44,282
(Increase) decrease in ceded unearned premiums 2 (12,756)
(Increase) decrease in deferred acquisition costs (30,197) (16,662)
Increase (decrease) in unearned premiums 93,998 68,644
Increase (decrease) in loss and loss adjustment expenses (40,512) (182,881)
Change in unrealized foreign exchange losses (gains) 45,552 154,741
Other, net (265,606) (14,895)
Net adjustments (115,073) 91,901
Net cash provided by (used in) operating activities 39,580 217,321
Cash flows from investing activities    
Purchases of debt securities (1,844,101) (2,122,464)
Purchases of equity securities (551,815) (1,385,109)
Sales of debt securities 1,800,873 1,596,406
Maturities and redemptions of debt securities 237,162 353,149
Sales of equity securities 665,994 1,132,816
Net (purchase) sale in short-term investments (142,622) 230,725
Purchases of property and equipment (2,088) (10,609)
Purchase of subsidiary, net of cash acquired (1,020) (43,900)
Other, net (122,288) 1,232
Net cash provided by (used in) investing activities 40,095 (247,754)
Cash flows from financing activities    
Treasury stock acquisitions (53,288) (26,632)
Other, net 5,734 7,344
Net cash provided by (used in) financing activities (47,554) (19,288)
Effect of exchange rate changes on cash 2,355 (18,053)
Net increase (decrease) in cash 34,476 (67,774)
Cash at beginning of period 475,267 605,259
Cash at end of period 509,743 537,485
Cash paid during period for:    
Interest paid 16,115 16,406
Income taxes paid (refund received) $ 11,737 $ (1,787)