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Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Mar. 31, 2013
Mar. 31, 2012
CASH FROM (USED IN) OPERATING ACTIVITIES:    
Net income to common stockholders $ 116,615 $ 135,318
Adjustments to reconcile net income to net cash from operating activities:    
Net investment gains (19,969) (47,491)
Depreciation and amortization 20,910 22,212
Noncontrolling interests (17) (86)
Investment funds (10,934) (27,624)
Stock incentive plans 4,989 7,447
Change in:    
Arbitrage trading account 4,485 (2,946)
Premiums and fees receivable (76,268) (97,077)
Reinsurance accounts (34,039) (16,857)
Deferred policy acquisition costs (23,608) (11,483)
Deferred income taxes 22,471 48,160
Reserves for losses and loss expenses 84,569 47,443
Unearned premiums 174,229 115,434
Other liabilities (148,321) (98,688)
Net cash from (used in) operating activities 115,112 73,762
CASH FROM (USED IN) INVESTING ACTIVITIES:    
Proceeds from sale of fixed matuirty securities 463,388 295,134
Proceeds from sale of equity securities 38,248 32,575
Distributions from (contributions to) investment funds (22,072) 24,744
Proceeds from maturities and prepayments of fixed maturity securities 667,711 408,647
Purchase of fixed maturity securities (896,378) (872,588)
Purchase of equity securities (35,486) (68,652)
Real estate purchased (10,301) (5,611)
Change in loans receivable (53,405) (93,934)
Net additions to real estate, furniture and equipment (13,042) (15,055)
Change in balances due to security brokers 43,325 16,146
Payment for business purchased, net of cash acquired (38,556) 0
Net cash from (used in) investing activities 143,432 (278,594)
CASH FROM (USED IN) FINANCING ACTIVITIES:    
Net proceeds from issuance of debt 0 354,315
Net proceeds from stock options exercised 0 3,428
Repayment of debt (206,280) (1,684)
Other, net 7,638 10,446
Net cash from (used in) financing activities (198,642) 366,505
Net impact on cash due to change in foreign exchange rates (20,080) 8,992
Net change in cash and cash equivalents 39,822 170,665
Cash and cash equivalents at beginning of year 905,670 911,742
Cash and cash equivalents at end of period $ 945,492 $ 1,082,407