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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Cash flows from operating activities    
Net earnings $ 469,586 $ 252,019
Adjustments to reconcile net earnings to net cash provided by (used in) operating activities:    
Depreciation and amortization 64,510 69,723
Change in the fair value of equity securities (142,596)  
Net realized capital (gains) losses (50,967) (68,919)
Other than temporary impairment losses   6,964
Other than temporary impairment losses 511  
(Increase) decrease in reinsurance recoverables, net of reinsurance payable 147,456 109,287
(Increase) decrease in premium balances receivable (34,643) (109,073)
(Increase) decrease in ceded unearned premiums (18,282) 4,057
(Increase) decrease in deferred acquisition costs (14,897) (20,683)
(Increase) decrease in funds held under reinsurance agreements (13,318) (50,281)
Increase (decrease) in unearned premiums 97,516 78,592
Increase (decrease) in loss and loss adjustment expenses (355,757) (26,960)
Change in unrealized foreign currency exchange rate losses (gains) 48,228 (86,834)
Other, net (48,172) 45,989
Net adjustments (320,411) (48,138)
Net cash provided by (used in) operating activities 149,175 203,881
Cash flows from investing activities    
Purchases of debt securities (2,301,614) (3,313,484)
Purchases of equity securities   (1,849,990)
Purchase of equity securities (533,842)  
Sales of debt securities 1,667,526 2,193,147
Maturities and redemptions of debt securities 886,970 907,309
Sales of equity securities   1,972,117
Sales of equity securities 269,567  
Net (purchases) sales of short-term investments 104,728 73,725
Net (purchases) sales and maturities of commercial mortgage loans (37,408) (41,659)
(Purchases) sales of property and equipment (13,164) 16,006
Purchases of affiliates and subsidiaries, net of cash acquired (108,386) (164,528)
Other, net 50,415 84,585
Net cash provided by (used in) investing activities (15,208) (122,772)
Cash flows from financing activities    
Treasury stock acquisitions (236,103)  
Increase (decrease) in other debt 38,452 (26,098)
Cash dividends paid (153,967)  
Other, net 5,317 (15,238)
Net cash provided by (used in) financing activities (346,301) (41,336)
Effect of foreign currency exchange rate changes on cash (2,818) 9,821
Net increase (decrease) in cash (215,152) 49,594
Cash at beginning of period 838,375 594,091
Cash at end of period 623,223 643,685
Cash paid during period for:    
Interest paid 42,562 41,207
Income taxes paid (refund received) $ 22,135 $ 31,242