v3.26.1
Condensed Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
OPERATING ACTIVITIES    
Net income $ 981,108 $ 806,532
Adjustments to reconcile net income to net cash provided by operating activities (536,327) 74,056
Net Cash Provided By Operating Activities 444,781 880,588
INVESTING ACTIVITIES    
Proceeds from sales, maturities, calls, and prepayments of fixed maturity securities 1,361,307 1,044,717
Cost of fixed maturity securities purchased (1,484,484) (1,530,292)
Proceeds from sales of equity securities 205,645 103,788
Cost of equity securities purchased (226,922) (200,317)
Net change in short-term investments (274,160) 728,977
Additions to property and equipment (91,592) (91,353)
Acquisitions, net of cash acquired (24,374) (60,003)
Other (10,960) 87,879
Net Cash Provided (Used) By Investing Activities (545,540) 83,396
FINANCING ACTIVITIES    
Additions to senior long-term debt and other debt 622,601 540,821
Repayment of senior long-term debt and other debt (558,950) (509,632)
Repurchases of common stock (370,653) (269,621)
Dividends paid on preferred stock 0 (18,000)
Redemption of preferred stock 0 (600,000)
Purchase of noncontrolling interests (73,753) (61,777)
Other (40,727) (9,538)
Net Cash Used By Financing Activities (421,482) (927,747)
Effect of foreign currency rate changes on cash, cash equivalents, restricted cash, and restricted cash equivalents (13,017) 66,608
Increase (decrease) in cash, cash equivalents, restricted cash, and restricted cash equivalents (535,258) 102,845
Cash, cash equivalents, restricted cash, and restricted cash equivalents at beginning of period 4,603,302 4,192,248
CASH, CASH EQUIVALENTS, RESTRICTED CASH, AND RESTRICTED CASH EQUIVALENTS AT END OF PERIOD $ 4,068,044 $ 4,295,093