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Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
CASH FROM OPERATING ACTIVITIES:      
Net income to common stockholders $ 499,925 $ 510,592 $ 391,211
Adjustments to reconcile net income to net cash from operating activities:      
Net investment gains (121,544) (210,465) (125,481)
Depreciation and amortization 103,090 103,419 88,012
Noncontrolling interests 5,376 51 (70)
Investment funds (67,712) (77,015) 1,751
Stock incentive plans 23,784 26,763 27,175
Change in:      
Arbitrage trading account (10,324) (1,424) (8,106)
Premiums and fees receivable (138,027) (228,756) (122,468)
Reinsurance accounts (171,263) (216,968) (161,070)
Deferred policy acquisition costs (52,124) (38,656) (38,541)
Deferred income taxes 56,281 13,240 43,340
Reserves for losses and loss expenses 372,002 406,763 325,758
Unearned premiums 323,160 279,986 238,499
Other (2,826) 107,928 10,269
Net cash from operating activities 819,798 675,458 670,279
CASH FLOWS FROM (USED IN) INVESTING ACTIVITIES:      
Proceeds from sale of fixed maturity securities 1,344,707 838,576 1,293,876
Proceeds from sale of equity securities 267,554 409,610 159,827
Distributions from (contributions to) investment funds (236,580) 77,930 (113,913)
Proceeds from maturities and prepayments of fixed maturity securities 2,718,156 2,291,105 1,697,144
Purchase of fixed maturity securities (4,198,135) (3,617,002) (2,815,340)
Purchase of equity securities (156,557) (284,991) (97,986)
Real estate purchased (107,352) (256,386) (96,552)
Change in loans receivable (30,974) (124,776) 92,176
Net additions to property, furniture and equipment (63,150) (40,556) (45,320)
Change in balances due from security brokers (26,155) (25,799) (16,194)
Payment for business purchased, net of cash acquired (56,878) (42,779) (261,992)
Net cash used investing activities (545,364) (775,068) (204,274)
CASH FLOWS FROM (USED IN) FINANCING ACTIVITIES:      
Net proceeds from issuance of debt 346,822 369,291 0
Net proceeds from stock options exercised 53 7,660 21,963
Repayment of senior notes and other debt (465,389) 0 (1,310)
Cash dividends to common stockholders (52,717) (183,947) (43,253)
Purchase of common treasury shares (166,473) (127,663) (187,163)
Other 7,442 31,851 14,550
Net cash from (used in) financing activities (330,262) 97,192 (195,213)
Net impact on cash due to change in foreign exchange rates (10,104) (3,654) (2,002)
Net increase (decrease) in cash and cash equivalents (65,932) (6,072) 268,790
Cash and cash equivalents at beginning of year 905,670 911,742 642,952
Cash and cash equivalents at end of year $ 839,738 $ 905,670 $ 911,742