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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
CASH FROM (USED IN) OPERATING ACTIVITIES:    
Net income to common stockholders $ 228,477 $ 241,342
Adjustments to reconcile net income to net cash from operating activities:    
Net investment gains (13,658) (46,601)
Depreciation and amortization 46,873 42,267
Noncontrolling interests 676 151
Investment funds (35,092) (27,912)
Stock incentive plans 17,876 14,973
Change in:    
Arbitrage trading account (2,303) (702)
Premiums and fees receivable (174,811) (133,227)
Reinsurance accounts (100,545) (60,595)
Deferred policy acquisition costs (50,578) (34,245)
Income taxes 8,269 48,929
Reserves for losses and loss expenses 239,621 285,204
Unearned premiums 276,815 174,108
Other (109,302) (170,809)
Net cash from operating activities 332,318 332,883
CASH FROM (USED IN) INVESTING ACTIVITIES:    
Proceeds from sale of fixed maturity securities 716,674 794,106
Proceeds from sale of equity securities 14,558 23,547
Distributions from investment funds 7,632 129,181
Proceeds from maturities and prepayments of fixed maturity securities 1,191,548 1,534,982
Purchase of fixed maturity securities (2,238,683) (2,168,400)
Purchase of equity securities (126,414) (8,543)
Real estate purchased (114,434) (84,826)
Change in loans receivable 130,267 62,601
Net additions to property, furniture and equipment (21,224) (23,504)
Change in balances due to security brokers 51,918 18,298
Payment for business purchased net of cash aquired (41,213) 0
Net cash from (used in) investing activities (429,371) 277,442
CASH FROM (USED IN) FINANCING ACTIVITIES:    
Repayment of senior notes and other debt (38,427) (275,788)
Proceeds from Issuance of Debt 388,901 3,749
Cash dividends to common stockholders (30,655) (28,447)
Purchase of common treasury shares (37,424) (218,132)
Other, net (926) (91)
Net cash from (used in) financing activities 281,469 (518,709)
Net impact on cash due to change in foreign exchange rates 663 (9,689)
Net increase in cash and cash equivalents 185,079 81,927
Cash and cash equivalents at beginning of year 763,631 674,441
Cash and cash equivalents at end of period $ 948,710 $ 756,368