7Baggers
Quarterly
Annual
    Unit: USD2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31 2020-12-31 2020-09-30 2020-06-30 2020-03-31 2019-12-31 2019-09-30 2019-06-30 2019-03-31 2016-03-31 2006-03-31 2005-12-31 2005-09-30 2005-06-30 2005-03-31 2004-09-30 2004-06-30 2004-03-31 2003-09-30 
      
    		                                     
      cash flows from operating activities:
    		                                     
      net income
    		301,862,000 223,356,000 194,071,000 293,633,000 180,728,000 211,966,000 395,459,000 -142,578,000 188,097,000 150,676,000 180,097,000 48,491,000 -9,390,000 34,782,000 149,200,000 204,893,000 54,946,000 235,470,000 123,300,000 2,743,000 -65,384,000 120,044,000 -177,827,000 -754,000 38,399,000 177,047,000 108,781,000 48,386,000 204,816,000 143,525,440 -468,075,000 172,845,000 151,799,000 6,281,000 140,856,000 166,786,000 146,982,000 
      adjustments to reconcile net income to net cash from operating activities:
    		                                     
      net investment (gains) losses
    		-28,812,000 -42,375,000 30,005,000  -32,184,000 53,480,000 9,207,000 -23,041,000 53,113,000   42,558,000 146,460,000 173,263,000 94,508,000   -73,291,000 -29,645,000   -53,046,000 62,877,000 -42,711,000 -14,526,000 -21,229,000 -12,767,000           
      net realized and unrealized gains on other investments
    		-15,019,000 -17,541,000 -22,410,000    -4,973,000    -486,000 -23,914,000 7,576,000 -13,776,000 -25,643,000         -10,767,000 -11,143,000 -31,600,000 -6,528,000 27,177,000          
      amortization of fixed maturities
    		-10,373,000 -9,437,000 -10,621,000 -11,542,000 -8,496,000 -9,760,000 -8,630,000 -8,512,000 -5,739,000 -3,491,000 -2,425,000 1,220,000 5,035,000 8,987,000 10,896,000 7,238,000 9,547,000 11,089,000 7,965,000 8,495,000 9,548,000 8,491,000 6,359,000 4,883,000 5,024,000 2,760,000 5,832,000 19,100,000          
      interest in income of equity method investments
    		-2,083,000 705,000 -2,291,000 -7,264,000    -1,328,000 -2,940,000 -2,100,000 2,205,000  7,560,000 -1,050,000 -11,550,000          -792,000 -2,634,000 -2,219,000           
      other amortization and depreciation
    		13,884,000 13,479,000 13,792,000 13,135,000 14,278,000 13,636,000 14,257,000 13,174,000 31,196,000 16,211,000 14,971,000 15,819,000 21,412,000 15,343,000 15,714,000 20,010,000 15,621,000 16,250,000 15,096,000 19,063,000 16,253,000 14,869,000 15,612,000 18,265,000 15,520,000 17,702,000 23,742,000 5,294,000          
      share-based compensation expense
    		11,047,000 11,260,000 11,829,000                                   
      changes in:
    		                                     
      accrued interest receivable
    		-9,331,000 138,000 5,503,000 11,668,000 -7,815,000 -10,883,000 -1,411,000 -5,829,000 617,000 -2,739,000 -3,826,000 -16,636,000 -4,181,000 -8,961,000 -654,000 -1,808,000 681,000 -1,825,000 3,585,000 5,305,000 -1,431,000 7,989,000 1,234,000 3,431,000 953,000 -3,788,000 1,544,000 2,616,000 1,182,000    6,126,000     
      reinsurance recoverable on unpaid losses and loss expenses
    		38,559,000 -2,141,184,000 -106,132,000 -44,352,000 -220,583,000 -91,716,000 -186,791,000 -288,462,000 -170,953,000 -41,091,000 6,675,000 -586,126,000 -243,969,000 -56,118,000 60,605,000                       
      reinsurance recoverable on paid losses and loss expenses
    		-23,283,000 -125,482,000 1,064,000 -82,910,000 -872,000 -18,344,000 98,362,000 -6,563,000 -21,597,000 21,028,000 -53,728,000 -100,038,000 70,307,000 100,981,000 30,441,000                       
      deferred acquisition costs
    		12,182,000 -27,336,000 -103,121,000 50,528,000 18,447,000 -48,744,000 -94,737,000 54,162,000 81,461,000 -25,424,000 -88,700,000 69,446,000 33,319,000 -1,678,000 -111,635,000 79,573,000 30,297,000 2,873,000 -147,129,000 89,954,000 62,900,000 27,770,000 -119,796,000 94,580,000 70,944,000 45,713,000 -136,906,000 -175,038,000          
      prepaid reinsurance premiums
    		57,639,000 -46,193,000 -240,695,000 76,817,000 89,821,000 -53,592,000 -144,311,000 56,346,000 -207,059,000 -134,427,000 -80,592,000 45,737,000 56,618,000 -102,843,000 -176,010,000 81,436,000 17,329,000 -100,123,000 -184,288,000 83,502,000 73,364,000 -69,933,000 -181,055,000 140,184,000 50,686,000 -19,092,000 -260,567,000 -37,732,000          
      reserve for losses and loss expenses
    		133,105,000 366,801,000 278,614,000 -44,177,000 559,084,000 117,430,000 209,390,000 872,274,000 147,150,000 103,165,000 150,410,000 515,308,000 273,639,000 -61,768,000 -182,720,000 -3,935,000 512,178,000 131,938,000 97,161,000 268,186,000 471,360,000 90,461,000 348,285,000 251,342,000 237,532,000 -26,275,000 4,829,000  70,178,000  1,561,661,000 210,452,000 314,687,000 682,041,000 280,099,000 268,248,000 215,788,000 
      unearned premiums
    		-153,451,000 289,020,000 653,052,000 -232,127,000 -221,032,000 324,052,000 611,974,000 -250,694,000 -138,622,000 315,312,000 462,751,000 -290,408,000 -302,858,000 144,303,000 736,045,000 -372,236,000 -232,760,000 147,577,000 867,277,000 -385,036,000 -349,367,000 22,699,000 774,703,000 -525,756,000 -351,842,000 -33,613,000 903,253,000 820,947,000 372,374,000 -358,299,341 -67,887,000 -11,304,000 437,606,000 34,057,000 27,678,000 476,937,000 152,071,000 
      insurance and reinsurance balances
    		316,917,000 -190,758,000 -326,816,000 196,437,000 194,362,000 -5,072,000 -267,456,000 117,402,000 278,235,000 -44,149,000 -337,675,000 10,223,000 329,186,000 89,306,000 -345,837,000 238,581,000 449,179,000 152,893,000 -491,151,000 239,211,000 273,980,000 61,749,000 -502,437,000 326,751,000 202,624,000 -21,300,000 -559,150,000 -737,185,000          
      other items
    		30,998,000 41,329,000 -66,765,000 21,540,000 32,276,000 47,838,000 -258,702,000 -69,699,000 100,307,000 -20,121,000 -56,368,000 28,084,000 -1,841,000 45,619,000 -117,710,000 81,532,000 76,447,000 5,399,000 -7,399,000 -7,971,000 -23,600,000 -25,080,000 -40,413,000 -58,401,000 17,185,000 -14,627,000 -38,536,000 -96,430,000          
      net cash from operating activities
    		673,841,000 -1,654,218,000 309,079,000 355,547,000 587,027,000 518,100,000 384,139,000 306,256,000 348,224,000 378,645,000 222,434,000 -224,794,000 403,244,000 380,455,000 133,311,000 104,658,000 475,237,000 389,781,000 145,146,000 -5,276,000 242,787,000 155,736,000 -49,744,000 -42,511,000 258,098,000 41,109,000 -57,692,000 -14,250,000 295,991,000 -1,147,133,310 287,892,000 415,559,000 445,302,000 478,254,000 419,024,000 365,476,000 374,489,000 
      cash flows from investing activities:
    		                                     
      purchases of:
    		                                     
      fixed maturities, available for sale
    		-2,157,684,000 -1,889,661,000 -2,946,681,000 -3,265,735,000 -2,730,553,000 -2,083,380,000 -2,450,714,000 -1,182,307,000 -1,936,016,000 -1,616,425,000 -1,614,005,000 -2,010,093,000 -1,519,098,000 -1,659,312,000 -2,287,937,000 -1,950,268,000 -2,654,920,000 -2,856,598,000 -4,671,969,000                   
      fixed maturities, held to maturity
    		-67,651,000 -33,973,000 -9,950,000 -5,000,000 -23,722,000 -30,499,000 -46,534,000 -12,499,000 0 -4,999,000 -20,001,000 -7,748,000 -48,958,000 -147,912,000 -50,992,000 -50,625,000 -28,975,000 -56,426,000 -60,749,000                   
      equity securities
    		-2,314,000 -8,083,000 -73,063,000 -2,654,000 -33,734,000 -1,861,000 -76,270,000 -2,114,000 -3,116,000 -6,712,000 -77,560,000 -1,347,000 -43,053,000 -47,706,000 -2,218,000 -32,080,000 -38,724,000 -30,775,000 -35,668,000 -77,856,000 -24,303,000 408,000 -16,132,000 -12,936,000 -18,115,000 -3,468,000 -23,503,000 -102,963,000          
      mortgage loans
    		-210,000 -10,153,000 -72,000 -14,577,000 -693,000 -833,000 -1,552,000 -2,549,000 -1,632,000 -6,656,000 -14,030,000 -3,045,000 -12,714,000 -58,462,000 -42,802,000 -60,630,000 -11,730,000 -27,974,000 -45,498,000 -83,969,000 -19,526,000 -11,026,000 -84,738,000 -64,309,000 -33,805,000 -80,941,000 -14,965,000 -61,263,000          
      other investments
    		-30,607,000 -20,648,000 -20,729,000 -16,936,000 -14,601,000 -19,691,000 -18,368,000 -23,182,000 -10,704,000 -30,816,000 -26,308,000 -25,089,000 -18,899,000 -66,418,000 -37,311,000 -69,500,000 -68,678,000 -79,210,000 -46,324,000 -73,558,000 -17,241,000 -54,945,000 -20,858,000 -51,450,000 -25,203,000 -71,486,000 -70,039,000 -117,622,000          
      equity method investments
    		-2,019,000 -2,385,000 -4,955,000 -2,018,000 -2,387,000 -3,211,000 -6,791,000 -10,894,000                              
      short-term investments
    		-1,501,000 -37,914,000 -196,153,000 -134,849,000 -92,228,000 -21,991,000 -82,199,000 -25,881,000 -145,566,000 -21,157,000 -54,895,000 -35,147,000 -51,391,000 -39,534,000 -50,896,000 -23,657,000 -18,800,000 -7,002,000 -109,597,000 -158,770,000 -71,578,000 -40,470,000 -94,352,000 -52,270,000 -26,024,000 -15,891,000 -85,045,000 -13,931,000          
      proceeds from the sale of:
    		                                     
      proceeds from redemption of fixed maturities, available for sale
    		380,445,000 337,225,000 369,666,000 324,018,000 354,492,000 394,263,000 435,700,000 253,380,000 256,801,000 202,742,000 221,094,000                           
      proceeds from redemption of fixed maturities, held to maturity
    		66,048,000 18,510,000 63,780,000 65,421,000 157,839,000 85,761,000 39,791,000 38,249,000 5,301,000 4,463,000 1,596,000                           
      proceeds from redemption of short-term investments
    		15,659,000 15,795,000 102,524,000 15,699,000 12,900,000 35,901,000 4,510,000 30,473,000 3,502,000 32,050,000 10,520,000 0 2,094,000 12,500,000 5,530,000 39,752,000 30,797,000 18,982,000 21,886,000 11,759,000 0 56,173,000 1,775,000 3,572,000 8,223,000 5,158,000 2,413,000 2,282,000          
      proceeds from the repayment of mortgage loans
    		23,315,000 38,076,000 35,579,000 29,607,000 15,110,000 53,313,000 211,000 755,000 208,000 30,206,000 5,206,000 29,484,000 15,285,000 29,614,000 9,982,000 90,211,000 44,470,000 1,619,000 9,321,000 34,876,000 294,000 3,552,000 399,000 39,485,000 20,273,000 243,000 243,000           
      proceeds from the purchase of other assets
    		                                     
      loan advances made
    		-26,562,000 -25,465,000 -68,696,000 -22,579,000 -36,881,000 -38,356,000 -101,229,000 -199,963,000                              
      net cash from investing activities
    		-565,966,000 -184,507,000 462,286,000 1,390,982,000 -700,339,000 -621,230,000 211,039,000 -165,617,000 -544,111,000 13,522,000 -159,404,000 -422,057,000 -71,940,000 -484,418,000 322,617,000 -244,867,000 -522,646,000 -322,456,000 -24,226,000 103,947,000 -416,551,000 779,504,000 23,021,000 -1,472,000 -106,595,000 -563,478,000 -102,770,000 -14,839,000     40,036,000     
      cash flows from financing activities:
    		                                     
      repurchase of common shares
    		-109,978,000                           -136,011,000          
      taxes paid on withholding shares
    		-60,000 -1,100,000 -24,514,000 -982,000 -387,000 -435,000 -14,121,000 -6,172,000 -373,000 -1,106,000 -15,945,000 -306,000 -342,000 -369,000 -12,977,000 -216,000 -206,000 -439,000 -9,381,000 -1,697,000 -83,000 -111,000 -8,491,000 -720,000 -31,000 -411,000 -9,003,000           
      dividends paid - common shares
    		-34,400,000 -34,772,000 -39,590,000 -37,135,000 -37,121,000 -37,301,000 -40,208,000 -38,206,000 -37,547,000 -37,699,000 -40,323,000 -36,453,000 -36,441,000 -36,704,000 -39,743,000 -35,629,000 -35,668,000 -35,723,000 -38,583,000 -34,995,000 -34,601,000 -34,676,000 -37,318,000 -33,683,000 -33,578,000 -33,688,000 -36,260,000 -36,636,000          
      dividends paid - preferred shares
    		-7,563,000 -7,562,000 -7,563,000 -7,562,000 -7,563,000 -7,562,000 -7,563,000 -7,562,000 -7,563,000 -7,562,000 -7,563,000 -7,562,000 -7,563,000 -7,562,000 -7,563,000 -7,562,000 -7,563,000 -7,562,000 -7,563,000 -7,562,000 -7,563,000 -7,562,000 -9,144,000 -10,656,000 -10,656,000 -10,657,000 -10,656,000 -10,003,000          
      federal home loan bank advances
    		   -9,200,000    0 0 0 5,250,000 0                          
      net cash from financing activities
    		-152,001,000 -93,423,000 -511,659,000 -114,937,000 -95,199,000 -83,659,000 -123,499,000 -51,940,000 -45,483,000 -46,367,000 -58,581,000 -44,321,000 34,604,000 -79,622,000 -60,283,000 -43,407,000 -43,437,000 -43,724,000 -55,527,000 -44,254,000 -42,247,000 -542,349,000 -279,953,000 376,116,000 -44,265,000 1,578,000 -55,919,000 -183,710,000         317,348,000 
      effect of exchange rate changes on foreign currency cash, cash equivalents and restricted cash
    		-6,997,000 8,582,000 9,440,000 -39,297,000 24,774,000 278,000 -14,090,000 27,971,000 -9,585,000 -6,825,000 193,000 30,563,000 -28,574,000 -25,198,000 -6,624,000 2,102,000 607,000 5,563,000 -8,346,000 7,999,000 7,994,000 14,879,000 -28,718,000               
      increase in cash, cash equivalents and restricted cash
    		-51,123,000 -1,923,566,000 269,146,000 1,592,295,000 -183,737,000 -186,511,000 457,589,000 116,670,000 -250,955,000 338,975,000 4,642,000  337,334,000 -208,783,000 389,021,000   29,164,000 57,047,000                   
      cash, cash equivalents and restricted cash - beginning of period
    		0 0 3,063,621,000  0 0 1,383,985,000  0 0 1,174,653,000  0 0 1,317,690,000  0 0 1,503,232,000  0 0 1,576,457,000               
      cash, cash equivalents and restricted cash - end of period
    		-51,123,000 -1,923,566,000 3,332,767,000  -183,737,000 -186,511,000 1,841,574,000  -250,955,000 338,975,000 1,179,295,000  337,334,000 -208,783,000 1,706,711,000  -90,239,000 29,164,000 1,560,279,000  -208,017,000 407,770,000 1,241,063,000               
      proceeds from the purchase of other asset
    		 -12,069,000 -7,273,000                                   
      repurchase of common shares - open market
    		  -439,992,000 -60,058,000 -39,918,000 -38,361,000 -61,607,000     0 0                         
      net investment losses
    		          20,190,000                           
      share-based compensation expense, net of cash payments
    		   9,257,000 10,199,000 9,605,000 13,670,000 14,209,000 15,271,000 15,705,000 8,935,000 12,397,000 14,371,000 14,065,000 7,661,000 11,896,000 11,898,000 12,229,000 1,721,000 11,355,000 10,525,000 11,775,000 -4,650,000 11,331,000 12,060,000 12,779,000 -3,679,000 -1,357,000          
      unsettled payable for reverse repurchase agreements included in cash and cash equivalents
    		                                     
      cash, cash equivalents and restricted cash - beginning of year
    		                                     
      cash, cash equivalents and restricted cash - end of year
    		                                     
      in 2024, net investment losses in the consolidated statement of cash flows included net realized gains on overseas deposits of 6 million that are included in net investment gains in the consolidated statement of operations.
    		                                     
      net realized and unrealized (gains) losses on other investments
    		    -19,566,000    -313,000        -40,117,000 -41,414,000 -41,833,000  -25,126,000 37,581,000 2,119,000               
      proceeds from the (purchase) sale of other asset
    		    -5,014,000                                 
      interest in (income) loss of equity method investments
    		     -7,900,000 -1,169,000         -1,213,000 -11,911,000 -9,798,000 -9,162,000 -9,967,000 -2,896,000 -7,102,000 23,577,000               
      proceeds from the (purchase) sale of other assets
    		      -8,208,000 -14,925,000 -8,635,000                             
      amortization of value of business acquired
    		               771,000 1,027,000 1,028,000 1,028,000 1,028,000 1,028,000 1,284,000 1,799,000 2,056,000 4,368,000 7,194,000 13,104,000           
      supplemental disclosures of cash flow information:
    		                                     
      income taxes paid
    		        23,209,000 33,950,000 -2,403,000      13,699,000 20,868,000 8,981,000  -4,901,000 1,723,000 -2,131,000  -1,256,000 12,084,000 1,321,000  8,276,000 -23,836,200 1,309,000       
      interest paid
    		        17,607,000 14,490,000 17,110,000      16,263,000 7,000,000 22,700,000  12,288,000 21,687,000 13,133,000  6,437,000     -15,646,949 0       
      proceeds from the sale (purchase) of other assets
    		          5,299,000                           
      purchase of other assets
    		           -11,788,000 -7,994,000 -6,616,000 -10,431,000 -8,026,000 -16,599,000 -7,891,000 -6,216,000 -8,079,000 -8,112,000 -14,985,000 -13,485,000 -21,306,000 -9,053,000 -20,696,000 -12,051,000 -44,721,000          
      redemption of senior notes
    		                   0 0    0             
      repurchase of preferred shares
    		                   0 0 0 -225,000,000     -2,843,000          
      decrease in cash, cash equivalents and restricted cash
    		               -181,514,000       -335,394,000               
      proceeds from the redemption of fixed maturities, available for sale
    		            180,498,000 253,618,000 416,838,000  420,931,000 474,535,000 486,401,000                   
      proceeds from the redemption of fixed maturities, held to maturity
    		            0 0 3,500,000  15,450,000 57,727,000 61,170,000                   
      net investment gains
    		               -20,411,000                      
      non-cash foreign exchange gains
    		                                     
      net proceeds from issuance of senior notes
    		                        0             
      reinsurance recoverable balances on unpaid and paid losses
    		                -408,193,000 -100,514,000 -61,380,000  -152,759,000 -93,815,000 -260,131,000  -18,894,000 -47,928,000 -98,425,000           
      reinsurance recoverable on unpaid and paid losses and loss expenses
    		                                     
      fixed maturities
    		                   -1,950,557,000 -3,232,378,000 -2,534,210,000 -2,777,053,000 -2,288,354,000 -2,690,946,000 -2,589,639,000 -2,425,086,000 -2,556,709,000          
      proceeds from redemption of fixed maturities
    		                   370,748,000 359,054,000 372,387,000 424,207,000 397,668,000 315,206,000 291,772,000 278,150,000 246,147,000          
      non-cash foreign exchange losses
    		                                     
      bargain purchase gain
    		                                     
      purchase of subsidiaries
    		                                     
      net proceeds from issuance of debt
    		                                     
      repayment of notes payable
    		                                     
      effect of exchange rate changes on foreign currency cash, cash equivalents, and restricted cash
    		                        6,599,000 9,247,000 -7,381,000           
      increase in cash, cash equivalents, and restricted cash
    		                        113,837,000 -511,544,000 -223,762,000           
      cash, cash equivalents, and restricted cash - beginning of period
    		                        0 0 1,830,020,000           
      cash, cash equivalents, and restricted cash - end of period
    		                        113,837,000 -511,544,000 1,606,258,000           
      reserve for loss and loss expenses
    		                           50,132,000          
      net proceeds from issuance of preferred shares
    		                                     
      proceeds from issuance of common shares
    		                           1,783,000          
      reinsurance recoverable balances
    		                           -6,668,000 108,044,000         
      purchase of subsidiary
    		                                     
      interest in loss of equity method investments
    		                                     
      net realized investment (gains) losses
    		                                     
      change in restricted cash and cash equivalents
    		                           11,627,000          
      net realized investment losses
    		                           66,508,000          
      effect of exchange rate changes on foreign currency cash and cash equivalents
    		                           1,986,000          
      increase in cash and cash equivalents
    		                           -210,813,000 230,629,000  68,880,000 47,239,000 113,736,000 214,116,000 -80,914,000 196,954,000  
      cash and cash equivalents - beginning of period
    		                           988,133,000      0 0 605,175,000 0 
      cash and cash equivalents - end of period
    		                           777,320,000    47,239,000 746,065,000 214,116,000 -80,914,000 802,129,000 -136,483,000 
      purchase of subsidiary, net of cash acquired
    		                                     
      decrease in cash and cash equivalents
    		                                     
      sales of shares to noncontrolling interests
    		                                     
      return of capital to noncontrolling interests
    		                                     
      impact of the deconsolidation of a variable interest entity
    		                                     
      cash and cash equivalents - beginning of year
    		                                     
      cash and cash equivalents - end of year
    		                                     
      net realized investment gains
    		                                     
      sale of shares to noncontrolling interests
    		                                     
      net realized and unrealized gains of other investments
    		                                     
      effect of exchange rate changes on foreign currency cash
    		                                     
      non-cash financing activities:
    		                                     
      repurchase of series a preferred shares included in other liabilities
    		                                     
      repurchase of class a preferred shares included in other liabilities
    		                                     
      loss on insurance derivative contract
    		                                     
      settlement of insurance derivative contract
    		                                     
      repurchase of shares
    		                                     
      net realized and unrealized (gains) losses of other investments
    		                                     
      net sales (purchases) of short-term investments
    		                                     
      net (purchases) sales of short-term investments
    		                                     
      net purchases (sales) of short-term investments
    		                                     
      amortization/(accretion) of fixed maturities
    		                                     
      proceeds from the redemption of fixed maturities
    		                                     
      repayment of repurchase agreement
    		                                     
      unrealized loss on insurance derivative contract
    		                                     
      amortization/accretion of fixed maturities
    		                                     
      net sales of short-term investments
    		                                     
      net cash from by financing activities
    		                                     
      (decrease) in cash and cash equivalents
    		                                     
      net realized and unrealized losses (gains) of other investments
    		                                     
      purchases of fixed maturities
    		                                     
      sales and maturities of fixed maturities
    		                                     
      purchases of other investments
    		                                     
      sales of other investments
    		                                     
      purchase of equity securities
    		                                     
      sale of equity securities
    		                                     
      purchase of assets
    		                                     
      (repayment) proceeds from repurchase agreement
    		                                     
      proceeds from issuance of stock options
    		                                     
      proceeds from issuance of preferred shares
    		                                     
      net unrealized losses (gains) of other investments
    		                                     
      purchases of equity securities
    		                                     
      sales of equity securities
    		                                     
      purchases of assets
    		                                     
      proceeds from exercise of stock options
    		                                     
      other
    		                                     
      change in fair value of other investments
    		                                     
      purchases of available-for-sale fixed maturities
    		                                     
      sales and maturities of available-for-sale fixed maturities
    		                                     
      net change in fair value of other investments
    		                                     
      amortization/accretion of fixed maturity investments
    		                                     
      purchase of available-for-sale securities
    		                                     
      sales and maturities of available-for-sale securities
    		                            1,172,473,000 -4,371,153,577 1,402,998,000 1,638,197,000 1,336,399,000     
      issuance of common shares
    		                                     
      (decrease)/increase in cash and cash equivalents
    		                                     
      dividends paid — common shares
    		                                     
      dividends paid — preferred shares
    		                                     
      cash and cash equivalents — beginning of period
    		                            1,280,990,000         
      cash and cash equivalents — end of period
    		                            1,511,619,000         
      change in carrying value of other investments
    		                                     
      acquisitions, net of cash acquired
    		                                     
      dividends paid—common shares
    		                                     
      dividends paid—preferred shares
    		                                     
      proceeds from issuance of senior notes
    		                                     
      proceeds from repurchase agreement
    		                                     
      issuance of preferred shares
    		                                     
      cash and cash equivalents—beginning of period
    		                                     
      cash and cash equivalents—end of period
    		                                     
      net realized losses (gains) on sales of investments
    		                                     
      net amortization on fixed maturities and other investments
    		                                     
      amortization of deferred compensation and option expense
    		                            6,100,000 -17,958,447 5,689,000 6,225,000 6,070,000     
      amortization of intangible assets
    		                            957,000 -2,739,322 1,976,000 385,000 382,000 383,000 420,000 375,000 375,000 
      amortization of deferred debt expenses
    		                            113,000 -339,547 112,000 65,000 163,000     
      insurance and reinsurance premium balances receivable
    		                                     
      reinsurance recoverable balances on paid losses
    		                                     
      insurance and reinsurance balances payable
    		                             -77,917,708 74,171,000 -35,341,000 39,154,000 -17,946,000 14,889,000 41,871,000 -39,907,000 
      accounts payable and accrued expenses
    		                                3,182,000    5,668,000 
      total adjustments
    		                            91,175,000 -1,290,658,750 755,967,000 242,714,000 293,503,000 471,973,000 278,168,000 198,690,000 227,507,000 
      acquisition of subsidiaries, net of cash accrued
    		                                     
      purchases of available-for-sale securities
    		                                     
      common share dividends
    		                                     
      preferred shares dividends
    		                                     
      issuance of shares
    		                                     
      net amortization on fixed maturities
    		                            7,518,000  8,865,000 7,387,000 7,511,000     
      other assets
    		                                     
      purchases of available—for—sale securities
    		                                     
      sales and maturities of available—for—sale securities
    		                                     
      net realized losses on sales of investments
    		                            8,114,000         
      net cash from provided by investing activities
    		                                     
      preferred share dividends
    		                                     
      issue of common shares
    		                            13,160,000         
      amortization/accretion on fixed maturities
    		                                     
      intangible assets
    		                              -1,020,000 515,000 505,000     
      net cash paid in acquisition of subsidiaries
    		                                     
      common share dividends paid
    		                                     
      proceeds received from issuance of senior notes
    		                                     
      issue of preferred shares
    		                                     
      increase/(decrease) in cash and cash equivalents
    		                                    -136,483,000 
      net realized gain on sales of investments
    		                                     
      issue of shares
    		                              246,107,000 519,000 37,000   60,000 317,348,000 
      net realized gains on sales of investments
    		                                1,393,000     
      dividend
    		                                     
      cash and cash equivalents – beginning of period
    		                               0 632,329,000     
      amortization of discounts on fixed maturities
    		                                 8,265,000 9,058,000 8,589,000 6,723,000 
      amortization of deferred compensation
    		                                 4,134,000 4,621,000 4,636,000 2,048,000 
      reinsurance recoverable
    		                                     
      sales of available-for-sale securities
    		                                 1,455,666,000 1,386,275,000 1,372,134,000 3,752,566,000 
    The information provided in this report is taken from www.sec.gov and many other data providers. While we have conducted our best efforts to ensure that the parsed data is accurate, we cannot guarantee its accuracy. Please use caution and understand that any consequences of its use are your own responsibility.