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Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
CASH FROM (USED IN) OPERATING ACTIVITIES:    
Net income to common stockholders $ 538,173 $ 369,546
Adjustments to reconcile net income to net cash from operating activities:    
Net investment gains (234,180) (96,896)
Depreciation and amortization 63,415 80,049
Noncontrolling interests 479 367
Investment funds (150,502) (48,299)
Stock incentive plans 21,549 18,163
Change in:    
Arbitrage trading account 1,781 (249)
Premiums and fees receivable (125,319) (161,660)
Reinsurance accounts 12,967 (168,863)
Deferred policy acquisition costs (44,087) (51,629)
Income taxes 11,092 (25,396)
Reserves for losses and loss expenses 277,542 341,266
Unearned premiums 345,521 363,354
Other (143,645) 6,942
Net cash from operating activities 574,786 626,695
CASH USED IN INVESTING ACTIVITIES:    
Proceeds from sale of fixed maturity securities 546,970 891,357
Proceeds from sale of equity securities 109,928 222,396
Distributions from (contributions to) investment funds 285,233 (57,812)
Proceeds from maturities and prepayments of fixed maturity securities 1,887,252 2,244,665
Purchase of fixed maturity securities (3,098,477) (3,198,204)
Purchase of equity securities (28,606) (184,829)
Additions to real estate (253,007) (47,279)
SEC Schedule III, Real Estate, Cost of Real Estate Sold 343,723 0
Change in loans receivable 320 (99,356)
Net additions to property, furniture and equipment (30,797) (49,425)
Change in balances due to security brokers 68,411 (37,554)
Gain (Loss) on Disposition of Business 15,612 (21,408)
Payment for business purchased, net of cash acquired (65,423) (38,556)
Net cash used in investing activities (218,861) (376,005)
CASH USED IN (FROM) FINANCING ACTIVITIES:    
Repayment of senior notes and other debt (1,829) (463,600)
Proceeds from Issuance of Debt 431,409 349,423
Cash dividends to common stockholders (40,784) (39,336)
Purchase of common treasury shares (236,703) (39,370)
Other, net 915 7,341
Net cash used in (from) financing activities 153,008 (185,542)
Net impact on cash due to change in foreign exchange rates (6,386) (4,492)
Net change in cash and cash equivalents 502,547 60,656
Cash and cash equivalents at beginning of year 839,738 905,670
Cash and cash equivalents at end of period $ 1,342,285 $ 966,326