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Consolidated Statements Of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 23,323 $ 26,165
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 6,357 7,107
Net realized investment (gains) losses (25,057) 9,961
Bond amortization, net 6,521 5,213
Excess tax benefit from exercise of stock options (904) (82)
Increase in premium receivables (29,116) (22,214)
Change in current and deferred income taxes 2,632 (6,102)
Increase in deferred policy acquisition costs (1,803) (1,899)
Increase (decrease) in losses and loss adjustment expense reserves 28,280 (4,597)
Increase in unearned premiums 29,258 18,866
Decrease in accounts payable and accrued expenses (5,128) (38,258)
Share-based compensation (3,477) 1,043
Changes in other payables 1,598 7,543
Other, net 13,195 8,706
Net cash provided by operating activities 45,679 11,452
CASH FLOWS FROM INVESTING ACTIVITIES    
Fixed maturities available-for-sale in nature: Purchases (386,628) (374,582)
Fixed maturities available-for-sale in nature: Sales 149,744 16,733
Fixed maturities available-for-sale in nature: Calls or maturities 180,125 87,365
Equity securities available-for-sale in nature:    
Purchases (163,408) (246,085)
Sales 154,273 267,175
Changes in securities payable and receivable (982) 13,638
Net decrease in short-term investments and purchased options 29,086 198,620
Purchase of fixed assets (4,596) (5,928)
Sale of fixed assets 2 58
Business acquisition, net of cash acquired 0 7,771
Other, net 947 1,142
Net cash used in investing activities (41,437) (34,093)
CASH FLOWS FROM FINANCING ACTIVITIES    
Dividends paid to shareholders (34,257) (34,055)
Excess tax benefit from exercise of stock options 903 82
Proceeds from stock options exercised 0 1,283
Net cash used in financing activities (33,354) (32,690)
Net decrease in cash (29,112) (55,331)
Cash:    
Beginning of the year 264,221 289,907
End of period 235,109 234,576
SUPPLEMENTAL CASH FLOW DISCLOSURE    
Interest paid 878 692
Income taxes paid $ 79 $ 9,798