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Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
CASH FLOWS FROM OPERATING ACTIVITIES      
Net (loss) income $ (5,728) $ 144,877 $ 73,044
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 58,791 55,343 53,258
Net realized investment losses (gains) 133,520 (83,650) 34,255
Increase in premiums receivable (80,979) (14,908) (22,531)
(Increase) decrease in reinsurance recoverables (164,739) (43,043) 998
Gain on sale of fixed assets 0 (3,078) 0
Changes in current and deferred income taxes (13,898) (3,010) (2,130)
(Increase) decrease in deferred policy acquisition costs (16,980) 2,675 936
Increase in loss and loss adjustment expense reserves 318,799 220,365 143,560
Increase in unearned premiums 134,254 27,490 25,124
Increase (decrease) in accounts payable and accrued expenses 6,586 (4,178) (10,586)
Share-based compensation 145 60 142
Other, net 13,663 42,462 (4,392)
Net cash provided by operating activities 383,434 341,405 291,678
Fixed maturity securities available for sale in nature:      
Purchases (706,224) (734,397) (1,077,638)
Sales 189,306 100,709 396,766
Calls or maturities 334,626 575,735 647,059
Equity securities available for sale in nature      
Purchases (1,026,827) (831,310) (714,113)
Sales 954,755 679,571 696,138
Calls 0 7,100 0
Changes in securities payable and receivable 4,035 (44,740) 29,958
Decrease (increase) in short-term investments 45,747 73,005 (191,530)
Purchase of fixed assets (27,959) (19,443) (16,979)
Sale of fixed assets 0 6,239 14
Other, net 10,105 1,934 3,605
Net cash used in investing activities (222,436) (185,597) (226,720)
CASH FLOWS FROM FINANCING ACTIVITIES      
Dividends paid to shareholders (138,478) (137,886) (137,201)
Employee taxes paid with shares related to share-based compensation 0 0 (3,292)
Proceeds from stock options exercised 358 2,162 1,632
Net proceeds from issuance of senior notes 0 371,011 0
Payoff of principal on loan and credit facilities 0 (320,000) 0
Proceeds from bank loan 0 0 30,000
Net cash used in financing activities (138,120) (84,713) (108,861)
Net increase (decrease) in cash 22,878 71,095 (43,903)
Cash:      
Beginning of year 291,413 220,318 264,221
End of year 314,291 291,413 220,318
SUPPLEMENTAL CASH FLOW DISCLOSURE      
Interest paid 16,586 9,863 3,531
Income taxes (refunded) paid, net $ (10,989) $ 25,218 $ (183)