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Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
CASH FLOWS FROM OPERATING ACTIVITIES      
Net income (loss) $ 374,607 $ 320,087 $ (5,728)
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 68,463 64,730 58,791
Net realized investment (gains) losses (85,731) (222,793) 133,520
Decrease (increase) in premiums receivable 13,946 (49,832) (80,979)
Decrease (increase) in reinsurance recoverables 30,127 142,314 (164,739)
Changes in current and deferred income taxes 31,236 72,545 (13,898)
Increase in deferred policy acquisition costs (13,828) (18,035) (16,980)
Increase in loss and loss adjustment expense reserves 70,049 91,843 318,799
Increase in unearned premiums 50,326 119,366 134,254
Increase in accounts payable and accrued expenses 51,988 26,493 6,586
Share-based compensation 142 123 145
Other, net 14,291 (27,163) 13,663
Net cash provided by operating activities 605,616 519,678 383,434
Proceeds from Sale and Maturity of Debt Securities, Available-for-sale [Abstract]      
Purchases (878,213) (491,795) (706,224)
Proceeds from Sale of Debt Securities, Available-for-sale 168,087 136,560 189,306
Calls or maturities 250,878 316,860 334,626
Equity securities available for sale in nature      
Purchases (1,230,785) (1,174,759) (1,026,827)
Sales 1,174,540 1,088,701 954,755
Calls 3,880 0 0
Changes in securities payable and receivable 873 (2,536) 4,035
Decrease (increase) in short-term investments 118,830 (240,391) 45,747
Purchase of fixed assets (39,953) (40,088) (27,959)
Other, net 20,577 6,247 10,105
Net cash used in investing activities (411,286) (401,201) (222,436)
CASH FLOWS FROM FINANCING ACTIVITIES      
Dividends paid to shareholders (139,640) (139,071) (138,478)
Proceeds from stock options exercised 0 701 358
Payments on finance lease obligations (609) 0  
Net cash used in financing activities (140,249) (138,370) (138,120)
Net increase (decrease) in cash 54,081 (19,893) 22,878
Cash:      
Beginning of year 294,398 314,291 291,413
End of year 348,479 294,398 314,291
SUPPLEMENTAL CASH FLOW DISCLOSURE      
Interest paid 16,599 16,586 16,586
Income taxes paid (refunded), net $ 52,659 $ (14,564) $ (10,989)