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Consolidated Statements of Cash Flow (USD $)
In Thousands, unless otherwise specified
6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Operating Activities    
Net income $ 47,315 $ 48,430
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation and amortization 18,912 23,103
Sale of renewal rights (8,000) 0
Loss on disposal of discontinued operations 0 997
Stock-based compensation expense 6,102 6,189
Undistributed (gains) losses of equity method investments (138) 419
Net realized gains (11,757) (8,509)
Retirement income plan curtailment expense 0 16
Changes in assets and liabilities:    
Increase in reserve for loss and loss expenses, net of reinsurance recoverables 93,675 69,790
Increase in unearned premiums, net of prepaid reinsurance and advance premiums 36,997 65,225
Decrease in net federal income taxes 12,634 3,171
Increase in premiums receivable (64,747) (84,135)
Increase in deferred policy acquisition costs (9,106) (9,555)
Increase in interest and dividends due or accrued (361) (1,066)
Decrease in accrued salaries and benefits (26,557) (6,173)
Decrease in accrued insurance expenses (16,872) (5,478)
Other-net (5,425) (4,526)
Net adjustments 25,357 49,468
Net cash provided by operating activities 72,672 97,898
Investing Activities    
Purchase of fixed income securities, available-for-sale (339,362) (530,402)
Purchase of equity securities, available-for-sale (111,886) (42,546)
Purchase of other investments (6,039) (4,393)
Purchase of short-term investments (764,692) (1,116,873)
Sale of subsidiary 0 1,225
Sale of fixed income securities, available-for-sale 19,557 6,851
Sale of short-term investments 772,455 1,144,853
Redemption and maturities of fixed income securities, held-to-maturity 28,595 48,186
Redemption and maturities of fixed income securities, available-for-sale 222,568 286,905
Sale of equity securities, available-for-sale 111,996 42,206
Distributions from other investments 7,726 6,077
Purchase of property and equipment (6,628) (6,761)
Sale of renewal rights 8,000 0
Net cash used in investing activities (57,710) (164,672)
Financing Activities    
Dividends to stockholders (13,914) (13,668)
Acquisition of treasury stock (2,786) (3,285)
Net proceeds from stock purchase and compensation plans 3,091 3,769
Proceeds from issuance of notes payable, net of debt issuance costs 0 178,435
Repayment of notes payable 0 (100,000)
Excess tax benefits from share-based payment arrangements 955 1,467
Repayments of capital lease obligations (954) 0
Net cash (used in) provided by financing activities (13,608) 66,718
Net increase (decrease) in cash 1,354 (56)
Cash, beginning of year 193 210
Cash, end of period $ 1,547 $ 154