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Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
CASH FROM (USED IN) OPERATING ACTIVITIES:    
Net income to common stockholders $ 349,634 $ 232,572
Adjustments to reconcile net income to net cash from operating activities:    
Net investment gains (161,922) (53,027)
Depreciation and amortization 50,832 50,617
Noncontrolling interests 227 (847)
Investment funds (84,385) (33,057)
Stock incentive plans 13,615 12,395
Change in:    
Arbitrage trading account (12,956) 1,590
Premiums and fees receivable (197,004) (162,853)
Reinsurance accounts (57) (67,447)
Deferred policy acquisition costs (31,527) (34,039)
Income taxes 7,742 (46,642)
Reserves for losses and loss expenses 172,759 221,525
Unearned premiums 297,721 269,931
Other (150,056) (76,786)
Net cash from operating activities 254,623 313,932
CASH FROM (USED IN) INVESTING ACTIVITIES:    
Proceeds from sale of fixed maturity securities 513,281 555,694
Proceeds from sale of equity securities 112,590 66,969
Distributions from (contributions to) investment funds 211,974 (60,000)
Proceeds from maturities and prepayments of fixed maturity securities 1,214,221 1,561,236
Purchase of fixed maturity securities (2,034,009) (2,214,201)
Purchase of equity securities (48,484) (111,540)
Real estate sold (purchased) (63,919) (13,390)
SEC Schedule III, Real Estate, Cost of Real Estate Sold 343,723 0
Change in loans receivable (312,071) (46,854)
Net additions to property, furniture and equipment (22,555) (43,446)
Change in balances due to security brokers 28,313 (6,167)
Net cash from businesses sold (purchased) 15,548 (59,964)
Net cash from (used in) investing activities (41,388) (371,663)
CASH USED IN FINANCING ACTIVITIES:    
Repayment of senior notes and other debt 0 (486,297)
Proceeds from Issuance of Debt 4,988 371,923
Net proceeds from options exercised 53 51
Cash dividends to common stockholders (26,825) (12,243)
Purchase of common treasury shares (197,254) (31,362)
Other, net 1,365 7,273
Net cash used in financing activities (217,673) (150,655)
Net impact on cash due to change in foreign exchange rates 7,371 (38,445)
Net change in cash and cash equivalents 2,933 (246,831)
Cash and cash equivalents at beginning of year 839,738 905,670
Cash and cash equivalents at end of period $ 842,671 $ 658,839