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Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income (loss) $ 46,052 $ 532,530
Adjustments to reconcile net income to net cash provided by operating activities:    
Decrease (increase) in premiums receivable (147,210) (93,371)
Decrease (increase) in funds held by reinsureds, net (13,336) (13,929)
Decrease (increase) in reinsurance receivables 233,199 82,701
Decrease (increase) in income taxes (41,843) 214,671
Decrease (increase) in prepaid reinsurance premiums 15,928 (110,643)
Increase (decrease) in reserve for losses and loss adjustment expenses 205,192 (21,387)
Increase (decrease) in unearned premiums 90,640 176,412
Increase (decrease) in other net payable to reinsurers 89,520 3,307
Increase (decrease) in losses in course of payment 118,964 (22,634)
Change in equity adjustments in limited partnerships 50,809 (23,662)
Distribution of limited partnership income 30,916 24,969
Change in other assets and liabilities, net (75,931) (65,421)
Non-cash compensation expense 15,462 13,913
Amortization of bond premium (accrual of bond discount) 4,436 826
Net realized capital (gains) losses 222,493 (277,619)
Net cash provided by (used in) operating activities 845,291 420,663
CASH FLOWS FROM INVESTING ACTIVITIES:    
Proceeds from fixed maturities matured/called - available for sale, at market value 494,544 437,371
Proceeds from fixed maturities sold - available for sale, at market value 337,723 2,004,602
Proceeds from fixed maturities sold - available for sale, at fair value 2,706
Proceeds from equity securities sold - at fair value 213,003 148,973
Distributions from other invested assets 119,727 76,149
Cost of fixed maturities acquired - available for sale, at market value (1,226,251) (2,251,818)
Cost of equity securities acquired- at fair value (222,818) (228,872)
Cost of other invested assets acquired (215,569) (138,096)
Net change in short-term investments (308,979) (192,889)
Net change in unsettled securities transactions 37,744 13,100
Net cash provided by (used in) investing activities (770,876) (128,774)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Tax benefit from share-based compensation, net of expense (15,258) (13,739)
Cost of debt repurchase (10,648)
Proceeds from issuance (cost of repayment) of note payable-affiliated (300,000)
Net cash provided by (used in) financing activities (25,906) (313,739)
EFFECT OF EXCHANGE RATE CHANGES ON CASH (14,015) (5,483)
Net increase (decrease) in cash 34,495 (27,333)
Cash, beginning of period 411,122 404,522
Cash, end of period 445,617 377,189
SUPPLEMENTAL CASH FLOW INFORMATION:    
Income taxes paid (recovered) 4,763 (87,045)
Interest paid $ 14,782 $ 19,433