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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 FLOWS FROM OPERATING ACTIVITIES:      
Net income (loss) $ 295,750 $ 412,653 $ 454,126
Adjustments to reconcile net income to net cash provided by operating activities:      
Decrease (increase) in premiums receivable 1,140 (49,602) 83,362
Decrease (increase) in funds held by reinsureds, net (4,445) 4,737 2,236
Decrease (increase) in reinsurance receivables (112,797) (465,761) (460,635)
Decrease (increase) in income taxes 60,325 57,487 68,206
Decrease (increase) in prepaid reinsurance premiums (8,083) 30,985 (138,010)
Increase (decrease) in reserve for losses and loss adjustment expenses 384,628 184,845 248,053
Increase (decrease) in unearned premiums (38,271) (82,494) 130,519
Increase (decrease) in other net payable to reinsurers (364,242) 204,526 5,130
Increase (decrease) in losses in course of payment (42,643) (51,416) (171,071)
Change in equity adjustments in limited partnerships (24,486) (18,144) (28,249)
Distribution of limited partnership income 32,613 45,235 41,064
Change in other assets and liabilities, net 16,090 7,499 81,388
Non-cash compensation expense 9,481 8,025 7,911
Amortization of bond premium (accrual of bond discount) 18,051 18,160 19,086
Amortization of underwriting discount on senior notes 4 4 46
Net realized capital (gains) losses 28,941 (50,335) (206,679)
Net cash provided by (used in) operating activities 252,056 256,404 136,483
CASH FLOWS FROM INVESTING ACTIVITIES:      
Proceeds from fixed maturities matured/called - available for sale, at market value 781,744 902,932 1,071,296
Proceeds from fixed maturities matured/called - available for sale, at fair value     875
Proceeds from fixed maturities sold - available for sale, at market value 704,191 544,955 1,080,276
Proceeds from fixed maturities sold - available for sale, at fair value 5,837 1,824 36,467
Proceeds from equity securities sold - available for sale, at market value   16  
Proceeds from equity securities sold - available for sale, at fair value 695,039 567,069 528,958
Proceeds from sale of subsidiary (net of cash disposed) 47,721 3,934  
Distributions from other invested assets 1,756,484 51,494 72,323
Cost of fixed maturities acquired - available for sale, at market value (2,110,113) (1,811,463) (2,406,162)
Cost of fixed maturities acquired - available for sale, at fair value (3,940) (2,436) (24,097)
Cost of equity securities acquired - available for sale, at fair value (324,407) (530,538) (416,375)
Cost of other invested assets acquired (1,928,119) (93,728) (134,373)
Net change in short-term investments 257,792 (6,145) 189,139
Net cost of lending for long term note - affiliated     (250,000)
Net change in unsettled securities transactions 10,474 (23,447) (4,157)
Net cash provided by (used in) investing activities (107,297) (395,533) (255,830)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Tax benefit from share-based compensation 3,298 4,472 3,331
Net proceeds from issuance of senior notes     400,000
Net cost of senior notes maturing     (250,000)
Net cash provided by (used in) financing activities 3,298 4,472 153,331
EFFECT OF EXCHANGE RATE CHANGES ON CASH (5,692) (33,889) (26,816)
Net increase (decrease) in cash 142,365 (168,546) 7,168
Cash, beginning of period 155,429 323,975 316,807
Cash, end of period 297,794 155,429 323,975
SUPPLEMENTAL CASH FLOW INFORMATION:      
Income taxes paid (recovered) 31,018 131,632 133,057
Interest paid $ 35,217 35,217 $ 38,861
NON-CASH TRANSACTION:      
Exchange of common shares of parent company, held as other invested assets at fair value, for preferred shares of an affiliated company, held as other invested assets at fair value   $ 1,773,214