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Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
CASH FLOWS FROM OPERATING ACTIVITIES    
Net (loss) income $ (196,917) $ 106,995
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 22,253 17,580
Net realized investment losses (gains) 195,086 (41,691)
Increase in premiums receivable (25,403) (26,941)
Decrease (increase) in reinsurance recoverables 9,894 (5,824)
Changes in current and deferred income taxes (56,129) 25,427
(Increase) decrease in deferred policy acquisition costs (7,662) 3,257
Increase in loss and loss adjustment expense reserves 81,396 49,796
Increase in unearned premiums 48,387 34,561
Increase (decrease) in accounts payable and accrued expenses 7,548 (2,423)
Share-based compensation 15 35
Other, net 28,110 13,747
Net cash provided by operating activities 106,578 174,519
Fixed maturity securities available for sale in nature:    
Purchases (338,829) (230,038)
Sales 147,088 41,041
Calls or maturities 89,399 103,010
Equity securities available for sale in nature:    
Purchases (273,186) (194,929)
Sales 263,352 240,657
Changes in securities payable and receivable 3,162 43,436
Decrease (increase) in short-term investments 5,372 (145,159)
Purchases of fixed assets (8,273) (7,929)
Other, net 1,494 543
Net cash used in investing activities (110,421) (149,368)
CASH FLOWS FROM FINANCING ACTIVITIES    
Dividends paid to shareholders (35,161) (35,022)
Proceeds from stock options exercised 0 215
Payments on finance lease obligations (789) (393)
Net cash used in financing activities (35,950) (35,200)
Net decrease in cash (39,793) (10,049)
Cash:    
Beginning of the year 335,557 348,479
End of period 295,764 338,430
SUPPLEMENTAL CASH FLOW DISCLOSURE    
Interest paid 8,288 8,275
Income taxes refunded, net $ 28 $ 0