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Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income (loss) $ 316,645 $ 251,608
Adjustments to reconcile net income to net cash provided by operating activities:    
Decrease (increase) in premiums receivable (88,422) (104,944)
Decrease (increase) in funds held by reinsureds, net (20,983) (14,361)
Decrease (increase) in reinsurance receivables 97,388 (63,291)
Decrease (increase) in income taxes 35,413 94,733
Decrease (increase) in prepaid reinsurance premiums 30,259 (2,163)
Increase (decrease) in reserve for losses and loss adjustment expenses 106,144 (3,035)
Increase (decrease) in unearned premiums 112,401 123,901
Increase (decrease) in other net payable to reinsurers 84,561 (61,808)
Increase (decrease) in losses in course of payment 976 (78,061)
Change in equity adjustments in limited partnerships 6,063 (7,836)
Distribution of limited partnership income 9,486 7,162
Change in other assets and liabilities, net (76,651) 44,139
Non-cash compensation expense 7,528 7,551
Amortization of bond premium (accrual of bond discount) 1,385 (366)
Net realized capital (gains) losses (256,867) (135,056)
Net cash provided by (used in) operating activities 365,327 58,173
CASH FLOWS FROM INVESTING ACTIVITIES:    
Proceeds from fixed maturities matured/called - available for sale, at market value 257,000 184,894
Proceeds from fixed maturities sold - available for sale, at market value 164,244 1,603,889
Proceeds from equity securities sold - at fair value 204,161 69,238
Distributions from other invested assets 76,391 43,469
Cost of fixed maturities acquired - available for sale, at market value (713,474) (1,522,903)
Cost of equity securities acquired- at fair value (167,914) (146,335)
Cost of other invested assets acquired (101,663) (89,216)
Net change in short-term investments (45,503) (283,094)
Net change in unsettled securities transactions (34,793) 19,330
Net cash provided by (used in) investing activities (361,551) (120,728)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Tax benefit from share-based compensation, net of expense (7,425) (7,464)
Cost of debt repurchase (1,198)
Net cash provided by (used in) financing activities (8,623) (7,464)
EFFECT OF EXCHANGE RATE CHANGES ON CASH (20,301) 2,722
Net increase (decrease) in cash (25,148) (67,297)
Cash, beginning of period 411,122 404,522
Cash, end of period 385,974 337,225
SUPPLEMENTAL CASH FLOW INFORMATION:    
Income taxes paid (recovered) 3,558 (90,148)
Interest paid $ 2,712 $ 3,049