XML 89 R109.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Condensed Statements of Cash Flows (Detail) - USD ($)
$ in Thousands
12 Months Ended
Mar. 15, 2018
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Cash flows from operating activities        
Net earnings   $ 890,201 $ 54,654 $ 100,492
Adjustments to reconcile net earnings to net cash provided by (used in) operating activities:        
Depreciation and amortization   119,513 127,374 135,029
Change in the fair value of equity securities   (709,695) 228,994  
Net realized capital (gains) losses   6,551 3,241 (107,222)
Other than temporary impairment losses   19,660 1,328  
Other than temporary impairment losses       16,871
Net adjustments   (175,796) 347,769 345,243
Net cash provided by (used in) operating activities   714,405 402,423 445,735
Cash flows from investing activities        
Purchases of equity securities   (520,961) (1,041,887)  
Purchases of equity securities       (4,574,415)
Purchases of debt securities   (6,726,809) (4,716,070) (5,805,364)
Sales of debt securities   3,645,307 3,647,156 3,986,259
Maturities and redemptions of debt securities   1,166,841 1,526,060 1,943,263
Sales of equity securities   2,296,371 1,609,647  
Sales of equity securities       4,315,408
Net (purchase) sale of short-term investments   (21,564) (316,366) 145,237
Purchases of property and equipment   (47,572) (23,286) 6,775
Other, net   (40,218) (86,478) (22,678)
Net cash provided by (used in) investing activities   (476,539) 345,432 (155,120)
Cash flows from financing activities        
Treasury stock acquisitions   (144,422) (491,633) (16,048)
Cash dividends paid $ (154,000)   (153,967)  
Other, net   (40,530) 4,512 (19,400)
Net cash provided by (used in) financing activities   (103,214) (536,684) (64,372)
Net increase (decrease) in cash   140,335 200,388 244,284
Cash at beginning of period   1,038,763 838,375 594,091
Cash at end of period   1,179,098 1,038,763 838,375
Cash paid during the period for:        
Interest paid   97,016 88,345 83,171
Income taxes paid (refunds received)   61,786 33,677 8,863
Parent Company        
Cash flows from operating activities        
Net earnings   890,201 54,654 100,492
Adjustments to reconcile net earnings to net cash provided by (used in) operating activities:        
Equity in undistributed net (earnings) losses of consolidated subsidiaries   (989,486) (130,050) (154,577)
Depreciation and amortization   2,249 1,750 1,916
Change in the fair value of equity securities   (3,937) 44,780  
Net realized capital (gains) losses   13,497 265 (3,326)
Increase (decrease) in other liabilities and taxes payable   24,593 (84,803) 25,040
Net adjustments   (953,084) (168,058) (130,947)
Net cash provided by (used in) operating activities   (62,883) (113,404) (30,455)
Cash flows from investing activities        
Purchases of equity securities     (31,125)  
Purchases of equity securities       (1,427,194)
Purchases of debt securities   (194,706) (3,418)  
Sales of debt securities   1,186 29,189 4,909
Maturities and redemptions of debt securities   13,344 53 73
Sales of equity securities   64,016 360,579  
Sales of equity securities       1,213,974
Net (purchase) sale of short-term investments   162,161 (195,983) 143,920
Purchases of property and equipment   (124)   (76)
Other, net   (33,245) (4,926) (35,182)
Net cash provided by (used in) investing activities   12,632 154,369 (99,576)
Cash flows from financing activities        
Treasury stock acquisitions   (144,422) (491,633) (16,048)
Cash dividends paid     (153,967)  
Capital contributions to consolidated subsidiaries   (15,267) (175,653) (245,000)
Distributions from consolidated subsidiaries   215,000 751,471 405,000
Other, net   (4,707) 7,868 1,220
Net cash provided by (used in) financing activities   50,604 (61,914) 145,172
Net increase (decrease) in cash   353 (20,949) 15,141
Cash at beginning of period   331 21,280 6,139
Cash at end of period   684 331 21,280
Cash paid during the period for:        
Interest paid   51,375 51,375 51,375
Income taxes paid (refunds received)   $ (4,189) $ (8,338) $ 8,140