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Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Mar. 31, 2013
Mar. 31, 2012
Cash flows from operating activities    
Net earnings $ 196,294 $ 560,103
Adjustments to reconcile net earnings to net cash provided by (used in) operating activities:    
Depreciation and amortization 65,199 45,146
Net realized capital (gains) losses (50,902) (67,989)
Other than temporary impairment losses 32,312 1,778
(Increase) decrease in reinsurance recoverables, net of reinsurance payable 50,668 10,378
(Increase) decrease in premium balances receivable (87,487) (32,711)
(Increase) decrease in ceded unearned premiums (14,029) 4,862
(Increase) decrease in deferred acquisition costs (17,960) (46,540)
Increase (decrease) in unearned premiums 18,338 (1,375)
Increase (decrease) in loss and loss adjustment expenses (188,267) (452)
Change in unrealized foreign exchange (losses) gains 78,955 (24,878)
Gain on bargain purchase   (494,940)
Other, net 67,433 11,453
Net adjustments (45,740) (595,268)
Net cash provided by (used in) operating activities 150,554 (35,165)
Cash flows from investing activities    
Purchases of debt securities (1,903,342) (443,860)
Purchases of equity securities (1,376,991) (113,044)
Sales of debt securities 2,178,552 192,637
Maturities and redemptions of debt securities 432,542 182,663
Sales of equity securities 863,175 465,542
Net (purchase) sale in short-term investments (372,447) 625,330
Purchases of property and equipment (1,557) (1,127)
Purchase of subsidiary, net of cash acquired   (433,310)
Other, net 20,439 (4,195)
Net cash (used in) provided by investing activities (159,629) 470,636
Cash flows from financing activities    
Treasury stock acquisitions (31,576)  
Other, net (8,735) (1,126)
Net cash provided by (used in) financing activities (40,311) (1,126)
Effect of exchange rate changes on cash (25,259) 1,122
Net (decrease) increase in cash (74,645) 435,467
Cash at beginning of period 649,524 84,749
Cash at end of period 574,879 520,216
Cash paid during the period for:    
Interest paid 8,438 8,438
Income taxes paid (refunds received) $ (45,366) $ 17,017