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Consolidated Statements Of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 72,196 $ 35,804
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 12,858 13,750
Net realized investment (gains) losses (70,438) 49,309
Bond amortization, net 13,060 11,348
Excess tax benefit from exercise of stock options (904) (106)
Increase in premium receivables (23,456) (18,761)
Change in current and deferred income taxes 17,871 (24,080)
Increase in deferred policy acquisition costs (2,231) (2,103)
Increase in losses and loss adjustment expense reserves 64,104 3,458
Increase in unearned premiums 30,824 19,853
Decrease in accounts payable and accrued expenses (6,166) (28,778)
Share-based compensation (3,441) 2,396
Changes in other payables (3,098) 9,668
Other, net 506 1,431
Net cash provided by operating activities 101,685 73,189
CASH FLOWS FROM INVESTING ACTIVITIES    
Fixed maturities available-for-sale in nature: Purchases (491,231) (519,337)
Fixed maturities available-for-sale in nature: Sales 172,490 69,834
Fixed maturities available-for-sale in nature: Calls or maturities 288,257 141,144
Equity securities available-for-sale in nature:    
Purchases (337,598) (408,862)
Sales 310,369 481,773
Calls 0 2,378
Changes in securities payable and receivable (2,388) (6,784)
Net decrease in short-term investments and purchased options 1,677 219,485
Purchase of fixed assets (8,935) (11,298)
Sale of fixed assets 2 104
Business acquisition, net of cash acquired 0 7,771
Other, net 2,343 1,381
Net cash used in investing activities (65,014) (22,411)
CASH FLOWS FROM FINANCING ACTIVITIES    
Dividends paid to shareholders (68,515) (68,120)
Excess tax benefit from exercise of stock options 904 106
Proceeds from stock options exercised 0 2,111
Net cash used in financing activities (67,611) (65,903)
Net decrease in cash (30,940) (15,125)
Cash:    
Beginning of the year 264,221 289,907
End of period 233,281 274,782
SUPPLEMENTAL CASH FLOW DISCLOSURE    
Interest paid 1,820 1,440
Income taxes paid $ 273 $ 22,647