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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
CASH (USED IN) FROM OPERATING ACTIVITIES:    
Net income to common stockholders $ 166,396 $ 123,447
Adjustments to reconcile net income to net cash from operating activities:    
Net realized and unrealized gains on investments (48,464) (52,348)
Depreciation and amortization 29,027 18,133
Noncontrolling interests 1,177 1,227
Investment funds (40,354) (26,649)
Stock incentive plans 9,434 10,780
Change in:    
Arbitrage trading account 497 2,350
Premiums and fees receivable (74,492) (59,244)
Reinsurance accounts (100,379) 67,205
Deferred policy acquisition costs (6,851) (6,126)
Income taxes 50,505 50,595
Reserves for losses and loss expenses 120,063 10,424
Unearned premiums 116,627 113,483
Other (243,221) (177,805)
Net cash (used in) from operating activities (20,035) 75,472
CASH USED IN INVESTING ACTIVITIES:    
Proceeds from sale of fixed maturity securities 2,004,008 719,969
Proceeds from sale of equity securities 152,949 51,854
Distributions from (contributions to) investment funds 33,695 (11,290)
Proceeds from maturities and prepayments of fixed maturity securities 97,911 888,423
Purchase of fixed maturity securities (2,085,683) (1,767,208)
Purchase of equity securities (44,219) (103)
Real estate purchased (336,601) (48,710)
Change in loans receivable 2,058 3,147
Net additions to property, furniture and equipment (14,102) (12,457)
Change in balances due to security brokers 58,500 (22,034)
Payment for business purchased net of cash acquired 0 (71,346)
Net cash used in investing activities (131,484) (269,755)
CASH FROM (USED IN) FINANCING ACTIVITIES:    
Repayment of senior notes and other debt (23) (1,475)
Net proceeds from issuance of debt 181,792 0
Cash dividends to common stockholders (17,016) 0
Purchase of common treasury shares (6,799) 0
Other, net (544) (1,281)
Net cash from (used in) financing activities 157,410 (2,756)
Net impact on cash due to change in foreign exchange rates 241 10,147
Net change in cash and cash equivalents 6,132 (186,892)
Cash and cash equivalents at beginning of year 950,471 795,285
Cash and cash equivalents at end of period $ 956,603 $ 608,393