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Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
CASH FROM OPERATING ACTIVITIES:      
Net income to common stockholders $ 648,884us-gaap_NetIncomeLoss $ 499,925us-gaap_NetIncomeLoss $ 510,592us-gaap_NetIncomeLoss
Adjustments to reconcile net income to net cash from operating activities:      
Net investment gains (254,852)us-gaap_RealizedInvestmentGainsLosses (121,544)us-gaap_RealizedInvestmentGainsLosses (210,465)us-gaap_RealizedInvestmentGainsLosses
Depreciation and amortization 88,836us-gaap_DepreciationAndAmortization 103,090us-gaap_DepreciationAndAmortization 103,419us-gaap_DepreciationAndAmortization
Noncontrolling interests 719us-gaap_NetIncomeLossAttributableToNoncontrollingInterest 5,376us-gaap_NetIncomeLossAttributableToNoncontrollingInterest 51us-gaap_NetIncomeLossAttributableToNoncontrollingInterest
Investment funds (131,649)us-gaap_IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions (67,712)us-gaap_IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions (77,015)us-gaap_IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions
Stock incentive plans 28,068us-gaap_ShareBasedCompensation 23,784us-gaap_ShareBasedCompensation 26,763us-gaap_ShareBasedCompensation
Change in:      
Arbitrage trading account (50,817)us-gaap_IncreaseDecreaseInTradingSecurities (10,324)us-gaap_IncreaseDecreaseInTradingSecurities (1,424)us-gaap_IncreaseDecreaseInTradingSecurities
Premiums and fees receivable (104,174)us-gaap_IncreaseDecreaseInPremiumsReceivable (138,027)us-gaap_IncreaseDecreaseInPremiumsReceivable (228,756)us-gaap_IncreaseDecreaseInPremiumsReceivable
Reinsurance accounts (33,445)us-gaap_IncreaseDecreaseInReinsuranceRecoverable (171,263)us-gaap_IncreaseDecreaseInReinsuranceRecoverable (216,968)us-gaap_IncreaseDecreaseInReinsuranceRecoverable
Deferred policy acquisition costs (42,789)us-gaap_IncreaseDecreaseInDeferredPolicyAcquisitionCosts (52,124)us-gaap_IncreaseDecreaseInDeferredPolicyAcquisitionCosts (38,656)us-gaap_IncreaseDecreaseInDeferredPolicyAcquisitionCosts
Increase (Decrease) in Income Taxes (40,935)us-gaap_IncreaseDecreaseInIncomeTaxes (45,613)us-gaap_IncreaseDecreaseInIncomeTaxes 5,914us-gaap_IncreaseDecreaseInIncomeTaxes
Current Income Tax Expense (Benefit) 271,306us-gaap_CurrentIncomeTaxExpenseBenefit 139,164us-gaap_CurrentIncomeTaxExpenseBenefit 179,368us-gaap_CurrentIncomeTaxExpenseBenefit
Deferred income taxes 30,812us-gaap_IncreaseDecreaseInDeferredIncomeTaxes 56,281us-gaap_IncreaseDecreaseInDeferredIncomeTaxes 13,240us-gaap_IncreaseDecreaseInDeferredIncomeTaxes
Reserves for losses and loss expenses 376,617us-gaap_IncreaseDecreaseInLossAndLossAdjustmentExpenseReserve 372,002us-gaap_IncreaseDecreaseInLossAndLossAdjustmentExpenseReserve 406,763us-gaap_IncreaseDecreaseInLossAndLossAdjustmentExpenseReserve
Unearned premiums 277,826us-gaap_IncreaseDecreaseInUnearnedPremiums 323,160us-gaap_IncreaseDecreaseInUnearnedPremiums 279,986us-gaap_IncreaseDecreaseInUnearnedPremiums
Other (58,254)us-gaap_IncreaseDecreaseInOtherOperatingLiabilities 42,787us-gaap_IncreaseDecreaseInOtherOperatingLiabilities 102,014us-gaap_IncreaseDecreaseInOtherOperatingLiabilities
Net cash from operating activities 734,847us-gaap_NetCashProvidedByUsedInOperatingActivities 819,798us-gaap_NetCashProvidedByUsedInOperatingActivities 675,458us-gaap_NetCashProvidedByUsedInOperatingActivities
CASH FLOWS USED IN INVESTING ACTIVITIES:      
Proceeds from sale of fixed maturity securities 633,459us-gaap_ProceedsFromSaleOfAvailableForSaleSecuritiesDebt 1,344,707us-gaap_ProceedsFromSaleOfAvailableForSaleSecuritiesDebt 838,576us-gaap_ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
Proceeds from sale of equity securities 113,251us-gaap_ProceedsFromSaleOfAvailableForSaleSecuritiesEquity 267,554us-gaap_ProceedsFromSaleOfAvailableForSaleSecuritiesEquity 409,610us-gaap_ProceedsFromSaleOfAvailableForSaleSecuritiesEquity
Distributions from (contributions to) investment funds 69,319us-gaap_ProceedsFromSaleOfEquityMethodInvestments (236,580)us-gaap_ProceedsFromSaleOfEquityMethodInvestments 77,930us-gaap_ProceedsFromSaleOfEquityMethodInvestments
Proceeds from maturities and prepayments of fixed maturity securities 2,605,839us-gaap_ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities 2,718,156us-gaap_ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities 2,291,105us-gaap_ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
Purchase of fixed maturity securities (4,292,165)us-gaap_PaymentsToAcquireAvailableForSaleSecuritiesDebt (4,198,135)us-gaap_PaymentsToAcquireAvailableForSaleSecuritiesDebt (3,617,002)us-gaap_PaymentsToAcquireAvailableForSaleSecuritiesDebt
Purchase of equity securities (31,207)us-gaap_PaymentsToAcquireAvailableForSaleSecuritiesEquity (156,557)us-gaap_PaymentsToAcquireAvailableForSaleSecuritiesEquity (284,991)us-gaap_PaymentsToAcquireAvailableForSaleSecuritiesEquity
Real estate purchased (213,159)us-gaap_PaymentsToAcquireRealEstate (107,352)us-gaap_PaymentsToAcquireRealEstate (256,386)us-gaap_PaymentsToAcquireRealEstate
Proceeds from Sale of Buildings 343,723us-gaap_ProceedsFromSaleOfBuildings 0us-gaap_ProceedsFromSaleOfBuildings 0us-gaap_ProceedsFromSaleOfBuildings
Change in loans receivable 21,608us-gaap_PaymentsForProceedsFromLoansReceivable (30,974)us-gaap_PaymentsForProceedsFromLoansReceivable (124,776)us-gaap_PaymentsForProceedsFromLoansReceivable
Net additions to property, furniture and equipment (41,958)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment (63,150)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment (40,556)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment
Change in balances due from security brokers 32,617us-gaap_IncreaseDecreaseInBrokerDealerRelatedReceivablesPayablesNet (26,155)us-gaap_IncreaseDecreaseInBrokerDealerRelatedReceivablesPayablesNet (25,799)us-gaap_IncreaseDecreaseInBrokerDealerRelatedReceivablesPayablesNet
Proceeds from Sales of Business, Affiliate and Productive Assets 15,783us-gaap_ProceedsFromSalesOfBusinessAffiliateAndProductiveAssets    
Payment for business purchased, net of cash acquired (65,421)us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired (56,878)us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired (42,779)us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired
Net cash used in investing activities (808,311)us-gaap_NetCashProvidedByUsedInInvestingActivities (545,364)us-gaap_NetCashProvidedByUsedInInvestingActivities (775,068)us-gaap_NetCashProvidedByUsedInInvestingActivities
CASH FLOWS FROM (USED IN) FINANCING ACTIVITIES:      
Net proceeds from issuance of debt 354,012us-gaap_ProceedsFromIssuanceOfLongTermDebt 346,822us-gaap_ProceedsFromIssuanceOfLongTermDebt 369,291us-gaap_ProceedsFromIssuanceOfLongTermDebt
Net proceeds from stock options exercised 0us-gaap_ProceedsFromStockOptionsExercised 53us-gaap_ProceedsFromStockOptionsExercised 7,660us-gaap_ProceedsFromStockOptionsExercised
Repayment of senior notes and other debt (3,700)us-gaap_ProceedsFromRepaymentsOfDebt (465,389)us-gaap_ProceedsFromRepaymentsOfDebt 0us-gaap_ProceedsFromRepaymentsOfDebt
Cash dividends to common stockholders (181,489)us-gaap_PaymentsOfDividendsCommonStock (52,717)us-gaap_PaymentsOfDividendsCommonStock (183,947)us-gaap_PaymentsOfDividendsCommonStock
Purchase of common treasury shares (238,933)us-gaap_PaymentsForRepurchaseOfCommonStock (166,473)us-gaap_PaymentsForRepurchaseOfCommonStock (127,663)us-gaap_PaymentsForRepurchaseOfCommonStock
Other 337us-gaap_ProceedsFromPaymentsForOtherFinancingActivities 7,442us-gaap_ProceedsFromPaymentsForOtherFinancingActivities 31,851us-gaap_ProceedsFromPaymentsForOtherFinancingActivities
Net cash from (used in) financing activities (69,773)us-gaap_NetCashProvidedByUsedInFinancingActivities (330,262)us-gaap_NetCashProvidedByUsedInFinancingActivities 97,192us-gaap_NetCashProvidedByUsedInFinancingActivities
Net impact on cash due to change in foreign exchange rates (22,060)us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents (10,104)us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents (3,654)us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents
Net decrease in cash and cash equivalents (165,297)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease (65,932)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease (6,072)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease
Cash and cash equivalents at beginning of year 839,738us-gaap_CashAndCashEquivalentsAtCarryingValue 905,670us-gaap_CashAndCashEquivalentsAtCarryingValue 911,742us-gaap_CashAndCashEquivalentsAtCarryingValue
Cash and cash equivalents at end of year $ 674,441us-gaap_CashAndCashEquivalentsAtCarryingValue $ 839,738us-gaap_CashAndCashEquivalentsAtCarryingValue $ 905,670us-gaap_CashAndCashEquivalentsAtCarryingValue