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Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (45,288) $ (196,917)
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 17,411 22,253
Net realized investment (gains) losses (49,008) 195,086
Net losses on sales of fixed assets 1,784 5
Decrease (increase) in premiums receivable 3,085 (25,403)
(Increase) decrease in reinsurance recoverables (6,831) 9,894
Changes in current and deferred income taxes (16,791) (56,129)
Decrease (increase) in deferred policy acquisition costs 84 (7,662)
Increase in loss and loss adjustment expense reserves 92,651 81,396
Increase in unearned premiums 5,690 48,387
Increase in accounts payable and accrued expenses 442 7,548
Other, net 14,944 28,120
Net cash provided by operating activities 18,173 106,578
Fixed maturity securities available for sale in nature:    
Purchases (175,292) (338,829)
Sales 97,702 147,088
Calls or maturities 52,898 89,399
Equity securities available for sale in nature:    
Purchases (297,805) (273,186)
Sales 320,113 263,352
Changes in securities payable and receivable (37,650) 3,162
(Increase) decrease in short-term investments (23,435) 5,372
Purchases of fixed assets (8,685) (8,273)
Sales of fixed assets 1,008 3
Other, net 1,646 1,491
Net cash used in investing activities (69,500) (110,421)
CASH FLOWS FROM FINANCING ACTIVITIES    
Dividends paid to shareholders (17,580) (35,161)
Payments on finance lease obligations (489) (789)
Proceeds from bank borrowing 50,000 0
Net cash provided by (used in) financing activities 31,931 (35,950)
Net decrease in cash (19,396) (39,793)
Cash:    
Beginning of the year 289,776 335,557
End of period 270,380 295,764
SUPPLEMENTAL CASH FLOW DISCLOSURE    
Interest paid 8,315 8,288
Income taxes refunded, net $ 0 $ 28