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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
CASH FROM OPERATING ACTIVITIES:    
Net income to common stockholders $ 232,451 $ 228,477
Adjustments to reconcile net income to net cash from operating activities:    
Net investment gains (92,801) (13,658)
Depreciation and amortization 44,679 46,873
Noncontrolling interests 1,796 676
Investment funds (35,544) (35,092)
Stock incentive plans 22,508 17,876
Change in:    
Arbitrage trading account (2,440) (2,303)
Premiums and fees receivable (159,827) (174,811)
Reinsurance accounts 34,985 (100,545)
Deferred policy acquisition costs (2,236) (50,578)
Income taxes (42,626) 8,269
Reserves for losses and loss expenses 101,781 239,621
Unearned premiums 140,399 276,815
Other (18,267) (109,302)
Net cash from operating activities 224,858 332,318
CASH USED IN INVESTING ACTIVITIES:    
Proceeds from sale of fixed maturity securities 2,069,718 716,674
Proceeds from sale of equity securities 89,340 14,558
Distributions from investment funds 49,594 7,632
Proceeds from maturities and prepayments of fixed maturity securities 888,423 1,191,548
Purchase of fixed maturity securities (3,164,892) (2,238,683)
Purchase of equity securities (787) (126,414)
Real estate purchased (109,846) (114,434)
Change in loans receivable 10,734 130,267
Net additions to property, furniture and equipment (89,715) (21,224)
Change in balances due to security brokers 104,463 51,918
Payment for business purchased net of cash aquired (71,346) (41,213)
Net cash used in investing activities (224,314) (429,371)
CASH (USED IN) FROM FINANCING ACTIVITIES:    
Repayment of senior notes and other debt (1,475) (38,427)
Net proceeds from issuance of debt 0 388,901
Cash dividends to common stockholders (15,758) (30,655)
Purchase of common treasury shares 0 (37,424)
Other, net (1,260) (926)
Net cash (used in) from financing activities (18,493) 281,469
Net impact on cash due to change in foreign exchange rates 11,018 663
Net change in cash and cash equivalents (6,931) 185,079
Cash and cash equivalents at beginning of year 795,285 763,631
Cash and cash equivalents at end of period $ 788,354 $ 948,710