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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
CASH FROM OPERATING ACTIVITIES:    
Net income to common stockholders $ 346,472 $ 232,451
Adjustments to reconcile net income to net cash from operating activities:    
Net realized and unrealized gains on investments (118,095) (92,801)
Depreciation and amortization 56,372 44,679
Noncontrolling interests 1,879 1,796
Investment funds (53,070) (35,544)
Stock incentive plans 19,722 22,508
Change in:    
Arbitrage trading account (7,871) (2,440)
Premiums and fees receivable (152,832) (159,827)
Reinsurance accounts (77,140) 34,985
Deferred policy acquisition costs (11,152) (2,236)
Income taxes (39,069) (42,626)
Reserves for losses and loss expenses 123,582 101,781
Unearned premiums 171,468 140,399
Other (140,904) (18,267)
Net cash from operating activities 119,362 224,858
CASH USED IN INVESTING ACTIVITIES:    
Proceeds from sale of fixed maturity securities 2,773,554 2,069,718
Proceeds from sale of equity securities 284,204 89,340
(Contributions to) distributions from investment funds (4,996) 49,594
Proceeds from maturities and prepayments of fixed maturity securities 1,305,805 888,423
Purchase of fixed maturity securities (4,062,901) (3,164,892)
Purchase of equity securities (87,059) (787)
Real estate purchased (419,021) (109,846)
Change in loans receivable (16,310) 10,734
Net additions to property, furniture and equipment (29,704) (89,715)
Change in balances due to security brokers 46,641 104,463
Payment for business purchased net of cash acquired (6,637) (71,346)
Net cash used in investing activities (216,424) (224,314)
CASH FROM (USED IN) FINANCING ACTIVITIES:    
Repayment of senior notes and other debt (23) (1,475)
Net proceeds from issuance of debt 200,838 0
Cash dividends to common stockholders (77,873) (15,758)
Purchase of common treasury shares (6,799) 0
Other, net (1,763) (1,260)
Net cash from (used in) financing activities 114,380 (18,493)
Net impact on cash due to change in foreign exchange rates (56,587) 11,018
Net change in cash and cash equivalents (39,269) (6,931)
Cash and cash equivalents at beginning of year 950,471 795,285
Cash and cash equivalents at end of period $ 911,202 $ 788,354