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Consolidated Statements Of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income (loss) $ 135,867 $ (42,607)
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 15,085 14,148
Net realized investment (gains) losses (111,074) 58,735
Increase in premiums receivable (24,923) (35,117)
Decrease in reinsurance recoverables 106,588 3,673
Changes in current and deferred income taxes 31,338 (17,087)
Increase in deferred policy acquisition costs (4,592) (4,058)
(Decrease) increase in loss and loss adjustment expense reserves (41,800) 20,360
Increase in unearned premiums 37,480 48,417
Increase in accounts payable and accrued expenses 22,742 24,761
Share-based compensation 16 23
Other, net 7,960 7,103
Net cash provided by operating activities 174,687 78,351
Fixed maturity securities available for sale in nature:    
Purchases (146,592) (213,947)
Sales 15,197 60,238
Calls or maturities 80,099 62,673
Equity securities available for sale in nature:    
Purchases (256,696) (249,177)
Sales 227,787 221,616
Changes in securities payable and receivable 15,901 19,537
(Increase) decrease in short-term investments (113,287) 57,110
Purchases of fixed assets (8,430) (6,206)
Other, net 1,421 3,044
Net cash used in investing activities (184,600) (45,112)
CASH FLOWS FROM FINANCING ACTIVITIES    
Dividends paid to shareholders (34,726) (34,582)
Proceeds from stock options exercised 453 0
Net cash used in financing activities (34,273) (34,582)
Net decrease in cash (44,186) (1,343)
Cash:    
Beginning of the year 314,291 291,413
End of period 270,105 290,070
SUPPLEMENTAL CASH FLOW DISCLOSURE    
Interest paid 8,268 8,250
Income taxes refunded, net $ 36 $ 6