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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
CASH FROM OPERATING ACTIVITIES:    
Net income to common stockholders $ 998,839 $ 728,060
Adjustments to reconcile net income to net cash from operating activities:    
Net investment gains (127,299) (78,404)
Depreciation and amortization 46,037 101,330
Noncontrolling interests 4,131 8,652
Investment funds (121,919) (169,538)
Stock incentive plans 36,247 36,486
Change in:    
Arbitrage trading account (39,389) (224,613)
Premiums and fees receivable (247,782) (365,092)
Reinsurance accounts (187,453) (255,126)
Deferred policy acquisition costs (92,724) (108,131)
Income taxes (111,231) (81,574)
Reserves for losses and loss expenses 1,225,679 1,164,594
Unearned premiums 551,894 707,658
Other (161,727) 60,092
Net cash from operating activities 1,773,303 1,524,394
CASH USED IN INVESTING ACTIVITIES:    
Proceeds from sale of fixed maturity securities 1,638,049 1,631,849
Proceeds from sale of equity securities 20,057 100,366
(Contributions to) distributions from investment funds (72,925) 124,892
Proceeds from maturities and prepayments of fixed maturity securities 3,916,331 4,672,562
Purchase of fixed maturity securities (7,694,663) (8,442,260)
Purchase of equity securities (340,158) (340,424)
Real estate (purchased) sold (18,670) 182,998
Change in loans receivable 2,066 (27,764)
Net purchases of property, furniture and equipment (35,270) (53,558)
Change in balances due to security brokers 177,457 110,752
Cash received in connection with business disposition 906,789 0
Payment for business purchased net of cash acquired (49,572) 0
Other 94 14
Net cash used in investing activities (1,550,415) (2,040,573)
CASH (USED IN) FROM FINANCING ACTIVITIES:    
Repayment of senior notes and other debt (426,503) (503,914)
Net proceeds from issuance of debt 2,181 1,032,404
Cash dividends to common stockholders (182,147) (156,107)
Purchase of common treasury shares (6,570) (122,426)
Other, net (21,808) (27,941)
Net cash (used in) from financing activities (634,847) 222,016
Net impact on cash due to change in foreign exchange rates (26,134) (9,174)
Net change in cash and cash equivalents (438,093) (303,337)
Cash and cash equivalents at beginning of period 1,568,843 2,372,366
Cash and cash equivalents at end of period $ 1,130,750 $ 2,069,029