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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 $ 17,573 $ 78,613
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 28,572 27,525
Net realized investment losses (gains) 44,445 (45,616)
Increase in premiums receivable (53,220) (9,929)
Decrease in reinsurance recoverables 8,512 1,419
Changes in current and deferred income taxes (4,723) 13,674
(Increase) decrease in deferred policy acquisition costs (11,124) 1,756
Increase in loss and loss adjustment expense reserves 39,237 36,715
Increase in unearned premiums 88,839 19,157
Increase in accounts payable and accrued expenses 25,546 9,068
Share-based compensation 64 56
Other, net 354 42,307
Net cash provided by operating activities 184,075 174,745
Fixed maturity securities available for sale in nature:    
Purchases (393,898) (440,294)
Sales 118,477 65,211
Calls or maturities 155,614 258,782
Equity securities available for sale in nature:    
Purchases (497,459) (368,896)
Sales 417,663 303,574
Calls 0 7,100
Changes in securities payable and receivable 12,263 (29,674)
Change in short-term investments and purchased options 31,789 96,406
Purchase of fixed assets (13,148) (10,557)
Other, net 6,127 1,387
Net cash used in investing activities (162,572) (116,961)
CASH FLOWS FROM FINANCING ACTIVITIES    
Dividends paid to shareholders (69,165) (68,859)
Proceeds from stock options exercised 0 1,171
Net proceeds from issuance of senior notes 0 371,011
Payoff of principal on loan and credit facilities 0 (320,000)
Net cash used in financing activities (69,165) (16,677)
Net (decrease) increase in cash (47,662) 41,107
Cash:    
Beginning of the year 291,413 220,318
End of period 243,751 261,425
SUPPLEMENTAL CASH FLOW DISCLOSURE    
Interest paid 8,250 1,292
Income taxes paid, net $ 697 $ 7,063