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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
CASH FROM (USED IN) OPERATING ACTIVITIES:    
Net income to common stockholders $ 449,127 $ 393,949
Adjustments to reconcile net income to net cash from operating activities:    
Net investment gains (189,394) (100,505)
Depreciation and amortization 69,153 65,384
Noncontrolling interests 689 280
Investment funds (60,387) (50,838)
Stock incentive plans 27,033 24,052
Change in:    
Arbitrage trading account (4,777) (4,157)
Premiums and fees receivable (92,372) (99,541)
Reinsurance accounts (154,939) (62,272)
Deferred policy acquisition costs (51,795) (40,216)
Income taxes 89,007 80,587
Reserves for losses and loss expenses 440,486 362,854
Unearned premiums 269,287 198,534
Other (64,608) (147,776)
Net cash from operating activities 726,510 620,335
CASH FROM (USED IN) INVESTING ACTIVITIES:    
Proceeds from sale of fixed maturity securities 1,074,630 765,764
Proceeds from sale of equity securities 123,187 23,778
Distributions from investment funds 5,630 198,489
Proceeds from maturities and prepayments of fixed maturity securities 2,189,365 2,727,635
Purchase of fixed maturity securities (4,280,457) (3,387,648)
Purchase of equity securities (127,303) (37,754)
Real estate purchased (207,829) (150,940)
Change in loans receivable 159,128 35,739
Net additions to property, furniture and equipment (37,895) (40,262)
Change in balances due to security brokers 102,981 43,429
Proceeds from Divestiture of Businesses, Net of Cash Divested 250,216 0
Payment for business purchased net of cash aquired (53,524) (7,156)
Net cash from (used in) investing activities (801,871) 171,074
CASH FROM (USED IN) FINANCING ACTIVITIES:    
Repayment of senior notes and other debt (70,567) (279,204)
Proceeds from Issuance of Debt 386,848 1,891
Cash dividends to common stockholders (30,654) (43,239)
Purchase of common treasury shares (99,870) (223,652)
Other, net (1,376) (3,345)
Net cash from (used in) financing activities 184,381 (547,549)
Net impact on cash due to change in foreign exchange rates 413 (38,367)
Net change in cash and cash equivalents 109,433 205,493
Cash and cash equivalents at beginning of year 763,631 674,441
Cash and cash equivalents at end of period $ 873,064 $ 879,934