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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
CASH FROM (USED IN) OPERATING ACTIVITIES:    
Net income to common stockholders $ 393,949 $ 538,173
Adjustments to reconcile net income to net cash from operating activities:    
Net investment gains (100,505) (234,180)
Depreciation and amortization 65,384 63,415
Noncontrolling interests 280 479
Investment funds (50,838) (150,502)
Stock incentive plans 24,052 21,549
Change in:    
Arbitrage trading account (4,157) 1,781
Premiums and fees receivable (99,541) (125,319)
Reinsurance accounts (62,272) 12,967
Deferred policy acquisition costs (40,216) (44,087)
Income taxes 80,587 11,092
Reserves for losses and loss expenses 362,854 277,542
Unearned premiums 198,534 345,521
Other (147,776) (143,645)
Net cash from operating activities 620,335 574,786
CASH FROM (USED IN) INVESTING ACTIVITIES:    
Proceeds from sale of fixed maturity securities 765,764 546,970
Proceeds from sale of equity securities 23,778 109,928
Distributions from investment funds 198,489 285,233
Proceeds from maturities and prepayments of fixed maturity securities 2,727,635 1,887,252
Purchase of fixed maturity securities (3,387,648) (3,098,477)
Purchase of equity securities (37,754) (28,606)
Additions to real estate (150,940) (253,007)
SEC Schedule III, Real Estate Accumulated Depreciation, Real Estate Sold 0 343,723
Change in loans receivable 35,739 320
Net additions to property, furniture and equipment (40,262) (30,797)
Change in balances due to security brokers 43,429 68,411
Proceeds from Divestiture of Businesses, Net of Cash Divested 0 15,612
Payment for business purchased net of cash aquired (7,156) (65,423)
Net cash from (used in) investing activities 171,074 (218,861)
CASH FROM (USED IN) FINANCING ACTIVITIES:    
Repayment of senior notes and other debt (279,204) (1,829)
Proceeds from Issuance of Debt 1,891 431,409
Cash dividends to common stockholders (43,239) (40,782)
Purchase of common treasury shares (223,652) (236,703)
Other, net (3,345) 913
Net cash from (used in) financing activities (547,549) 153,008
Net impact on cash due to change in foreign exchange rates (38,367) (6,386)
Net change in cash and cash equivalents 205,493 502,547
Cash and cash equivalents at beginning of year 674,441 839,738
Cash and cash equivalents at end of period $ 879,934 $ 1,342,285