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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
CASH FROM (USED IN) OPERATING ACTIVITIES:    
Net income to common stockholders $ 123,447 $ 119,511
Adjustments to reconcile net income to net cash from operating activities:    
Net investment gains (52,348) (7,343)
Depreciation and amortization 18,133 30,245
Noncontrolling interests 1,227 737
Investment funds (26,649) (16,636)
Stock incentive plans 10,780 8,766
Change in:    
Arbitrage trading account 2,350 383
Premiums and fees receivable (59,244) (79,531)
Reinsurance accounts 67,205 (26,319)
Deferred policy acquisition costs (6,126) (33,466)
Income taxes 50,595 46,780
Reserves for losses and loss expenses 10,424 108,057
Unearned premiums 113,483 171,553
Other (177,805) (181,969)
Net cash from operating activities 75,472 140,768
CASH USED IN INVESTING ACTIVITIES:    
Proceeds from sale of fixed maturity securities 719,969 381,732
Proceeds from sale of equity securities 51,854 1,880
(Contributions to) distributions from investment funds (11,290) 15,788
Proceeds from maturities and prepayments of fixed maturity securities 888,423 455,463
Purchase of fixed maturity securities (1,767,208) (1,032,129)
Purchase of equity securities (103) (1,108)
Real estate purchased (48,710) (53,781)
Change in loans receivable 3,147 123,737
Net additions to property, furniture and equipment (12,457) (12,461)
Change in balances due to security brokers (22,034) 69,642
Payment for business purchased net of cash aquired (71,346) (54,313)
Net cash used in investing activities (269,755) (105,550)
CASH (USED IN) FROM FINANCING ACTIVITIES:    
Repayment of senior notes and other debt (1,475) (33,721)
Proceeds from Issuance of Debt 0 110,093
Cash dividends to common stockholders 0 (14,711)
Purchase of common treasury shares 0 (37,424)
Other, net (1,281) 3,158
Net cash (used in) from financing activities (2,756) 27,395
Net impact on cash due to change in foreign exchange rates 10,147 11,271
Net change in cash and cash equivalents (186,892) 73,884
Cash and cash equivalents at beginning of year 795,285 763,631
Cash and cash equivalents at end of period $ 608,393 $ 837,515