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Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
CASH FLOWS FROM OPERATING ACTIVITIES      
Net (loss) income $ (512,672) $ 247,937 $ 374,607
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 82,390 79,056 68,463
Net realized investment losses (gains) 488,080 (111,658) (85,731)
Decrease (increase) in premiums receivable 49,630 (26,670) 13,946
Decrease in reinsurance recoverables 19,105 3,488 30,127
Changes in current and deferred income taxes (131,500) (18,097) 31,236
Increase in deferred policy acquisition costs (8,216) (11,265) (13,828)
Increase in loss and loss adjustment expense reserves 358,480 235,126 70,049
Increase in unearned premiums 25,840 113,926 50,326
(Decrease) increase in accounts payable and accrued expenses (15,844) (26,724) 51,988
Other, net (2,704) 16,465 14,433
Net cash provided by operating activities 352,589 501,584 605,616
Fixed maturity securities available for sale in nature:      
Purchases (1,794,817) (1,460,641) (878,213)
Sales 856,291 336,201 168,087
Calls or maturities 480,023 518,557 250,878
Equity securities available for sale in nature      
Purchases (1,042,913) (958,008) (1,230,785)
Sales 1,154,523 943,857 1,174,540
Calls 0 0 3,880
Changes in securities payable and receivable 22,124 8,327 873
Decrease in short-term investments 38,141 270,383 118,830
Purchases of fixed assets (35,508) (41,442) (39,953)
Other, net 5,752 9,096 20,577
Net cash used in investing activities (316,384) (373,670) (411,286)
CASH FLOWS FROM FINANCING ACTIVITIES      
Dividends paid to shareholders (105,482) (140,226) (139,640)
Proceeds from stock options exercised 0 215 0
Payments on finance lease obligations (1,504) (825) (609)
Proceeds from bank loan 25,000 0 0
Net cash used in financing activities (81,986) (140,836) (140,249)
Net (decrease) increase in cash (45,781) (12,922) 54,081
Cash:      
Beginning of year 335,557 348,479 294,398
End of year 289,776 335,557 348,479
SUPPLEMENTAL CASH FLOW DISCLOSURE      
Interest paid 16,665 16,616 16,599
Income taxes (refunded) paid, net $ (26,542) $ 69,467 $ 52,659