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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Cash flows from operating activities:    
Net income $ 17,194 $ 21,562
Adjustments to reconcile net income to net cash provided by operating activities:    
Stock-based compensation 1,905 2,139
Net amortization of debt securities 528 535
Depreciation and amortization 5,439 4,380
Deferred income tax expense (benefit) 1,932 (1,430)
Net realized investment gains (4,894) (2,502)
Net unrealized investment losses 4,157  
Other-than-temporary impairment losses 80 390
Income from unconsolidated joint venture (330) (142)
Distribution received from unconsolidated joint venture   147
Net income from limited partnership interests (852) (1,332)
Distributions received from limited partnership interests 609 426
Loss on repurchases of senior notes   743
Foreign currency remeasurement loss (gain) 115 (51)
Other   116
Changes in operating assets and liabilities:    
Accrued interest and dividends receivable 511 (427)
Income taxes 13,084 1,838
Premiums receivable (8,090) (9,345)
Prepaid reinsurance premiums (7,294) (11,478)
Reinsurance recoverable 7,203  
Deferred policy acquisition costs (3,374) (3,612)
Other assets 1,520 (6,862)
Losses and loss adjustment expenses (26,191) 2,597
Unearned premiums 29,932 24,167
Advance premiums 8,202 10,316
Assumed reinsurance balances payable 118 (3,113)
Reinsurance recovered in advance on unpaid losses (13,885)  
Accrued expenses and other liabilities (28) 2,411
Net cash provided by operating activities 27,591 31,473
Cash flows from investing activities:    
Investments in limited partnership interests (2,638) (1,489)
Distributions received from limited partnership interests 114 11,758
Distribution from unconsolidated joint venture   417
Purchase of property and equipment (1,045) (1,295)
Purchase of real estate investments (6,520) (1,931)
Purchase of intangible assets (409)  
Purchase of fixed-maturity securities (50,976) (91,354)
Purchase of equity securities (20,832) (22,738)
Purchase of short-term investments (125,001)  
Proceeds from sales of fixed-maturity securities 77,769 6,873
Proceeds from calls, repayments and maturities of fixed-maturity securities 27,207 3,937
Proceeds from sales of equity securities 40,436 20,902
Proceeds from sales, redemptions and maturities of short-term investments 15,093  
Proceeds from sales of derivative instruments 24  
Net cash used in investing activities (46,778) (74,920)
Cash flows from financing activities:    
Cash dividends paid (5,011) (7,026)
Cash dividends received under share repurchase forward contract 590 503
Proceeds from exercise of common stock options   75
Proceeds from issuance of long-term debt   143,859
Repurchases of senior notes   (40,250)
Repayment of long-term debt (520) (465)
Repurchases of common stock (941) (30,636)
Repurchases of common stock under share repurchase plan (13,711) (1,590)
Purchase of non-controlling interest (539)  
Debt issuance costs   (4,975)
Net cash (used in) provided by financing activities (20,132) 59,495
Effect of exchange rate changes on cash (112) 50
Net (decrease) increase in cash, cash equivalents, and restricted cash (39,431) 16,098
Cash, cash equivalents, and restricted cash at beginning of period 256,693 281,131
Cash, cash equivalents, and restricted cash at end of period 217,262 297,229
Supplemental disclosure of cash flow information:    
Cash paid for income taxes 43 11,476
Cash paid for interest 5,309 3,620
Non-cash investing and financing activities:    
Unrealized (loss) gain on investments in available-for-sale securities, net of tax (2,441) 346
Conversion of revolving credit facility to long-term debt   9,441
Receivable from sales of equity securities 530  
Payable on purchases of equity securities   $ 694
Receivable from maturities of fixed-maturity securities $ 15,000