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Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
CASH FROM (USED IN) OPERATING ACTIVITIES:    
Net income to common stockholders $ 169,673 $ 116,615
Adjustments to reconcile net income to net cash from operating activities:    
Net investment gains (52,754) (19,969)
Depreciation and amortization 25,236 20,910
Noncontrolling interests 11 (17)
Investment funds (58,906) (10,934)
Stock incentive plans 6,187 4,989
Change in:    
Arbitrage trading account 42 4,485
Premiums and fees receivable (99,306) (76,268)
Reinsurance accounts (49,583) (34,039)
Deferred policy acquisition costs (24,066) (23,608)
Income taxes 70,070 22,471
Reserves for losses and loss expenses 148,204 84,569
Unearned premiums 198,933 174,229
Other (190,577) (148,321)
Net cash from operating activities 143,164 115,112
CASH FROM (USED IN) INVESTING ACTIVITIES:    
Proceeds from sale of fixed maturity securities 328,371 463,388
Proceeds from sale of equity securities 6,457 38,248
Distributions from (contributions to) investment funds 158,808 (22,072)
Proceeds from maturities and prepayments of fixed maturity securities 546,838 667,711
Purchase of fixed maturity securities (1,131,612) (896,378)
Purchase of equity securities (19,274) (35,486)
Real estate purchased (35,613) (10,301)
Change in loans receivable (29,568) (53,405)
Net additions to property, furniture and equipment (9,862) (13,042)
Change in balances due to security brokers 51,557 43,325
Payment for business purchased, net of cash acquired (97) (38,556)
Net cash from (used in) investing activities (133,995) 143,432
CASH USED IN FINANCING ACTIVITIES:    
Repayment of senior notes and other debt (125) (206,280)
Net proceeds from options exercised 53 0
Cash dividends to common stockholders (12,775) 0
Purchase of common treasury shares (192,668) 0
Other, net 1,624 7,638
Net cash used in financing activities (203,891) (198,642)
Net impact on cash due to change in foreign exchange rates (1,441) (20,080)
Net change in cash and cash equivalents (196,163) 39,822
Cash and cash equivalents at beginning of year 839,738 905,670
Cash and cash equivalents at end of period $ 643,575 $ 945,492