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Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
CASH FLOWS FROM OPERATING ACTIVITIES    
Net (loss) income $ (139,204) $ 135,867
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 16,026 15,085
Net realized investment losses (gains) 251,320 (111,074)
Increase in premiums receivable (20,312) (24,923)
Decrease in reinsurance recoverables 8,397 106,588
Changes in current and deferred income taxes (41,501) 31,338
Increase in deferred policy acquisition costs (1,477) (4,592)
Increase in loss and loss adjustment expense reserves (23,310) (41,800)
Increase in unearned premiums 29,256 37,480
Increase in accounts payable and accrued expenses 9,640 22,742
Share-based compensation 35 16
Other, net 8,276 7,960
Net cash provided by operating activities 97,146 174,687
Fixed maturity securities available for sale in nature:    
Purchases (334,517) (146,592)
Sales 23,503 15,197
Calls or maturities 41,643 80,099
Equity securities available for sale in nature:    
Purchases (361,942) (256,696)
Sales 269,320 227,787
Changes in securities payable and receivable 8,864 15,901
Decrease (increase) in short-term investments 254,811 (113,287)
Purchases of fixed assets (10,305) (8,430)
Other, net 4,790 1,421
Net cash used in investing activities (103,833) (184,600)
CASH FLOWS FROM FINANCING ACTIVITIES    
Dividends paid to shareholders (34,875) (34,726)
Proceeds from stock options exercised 0 453
Net cash used in financing activities (34,875) (34,273)
Net decrease in cash (41,562) (44,186)
Cash:    
Beginning of the year 294,398 314,291
End of period 252,836 270,105
SUPPLEMENTAL CASH FLOW DISCLOSURE    
Interest paid 8,269 8,268
Income taxes paid (refunded), net $ 0 $ 36