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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Operating Activities:    
Net Income $ 13,633 $ 61,135
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities:    
Depreciation & Amortization 3,586 4,214
Share-Based Compensation 8,360 13,929
Deferred Income Taxes (13,920) (7,066)
Net Realized Gains (7,933) (5,143)
Net Other-Than-Temporary Impairments Recognized in Earnings 2,065 150
Non-Cash Foreign Exchange (Gains) Losses 441 (6,972)
Changes in Assets And Liabilities:    
Reinsurance Recoverable on Paid and Unpaid Losses and Loss Adjustment Expenses (40,786) (7,580)
Reserves for Losses and Loss Adjustment Expenses 251,971 78,577
Prepaid Reinsurance Premiums (17,797) 9,697
Unearned Premiums 103,174 77,299
Premiums Receivable (48,985) (49,771)
Deferred Policy Acquisition Costs (14,965) (24,312)
Accrued Investment Income (3,105) (839)
Reinsurance Balances Payable 19,058 18,846
Current Income Tax Receivable, Net (25,073) 6,389
Other (6,973) 22,747
Net Cash Provided by Operating Activities 222,751 191,300
Fixed Maturities    
Redemptions and Maturities 233,384 207,620
Sales 192,417 370,501
Purchases (560,018) (776,086)
Equity Securities    
Sales 59,673 36,918
Purchases (61,562) (58,405)
Change in Net Payable for Securities 21,761 41,265
Purchase of Other Invested Assets 0 (2,021)
Net Change in Short-Term Investments (100,406) 84,822
Purchase of Property and Equipment (2,649) (3,571)
Net Cash Used in Investing Activities (217,400) (98,957)
Financing Activities:    
Proceeds of Stock Issued From Employee Stock Purchase Plan 2,289 1,840
Payment of Employee Tax Withholding on Stock Compensation (13,835) (5,081)
Dividends Paid (4,862) (2,619)
Net Cash Used in Financing Activities (16,408) (5,860)
Effect of Exchange Rate on Cash 2,885 (8,869)
Change in Cash (8,172) 77,614
Cash at Beginning of Year 64,643 69,901
Cash at End of Period 56,471 147,515
Supplemental Information:    
Income Taxes Paid, Net 39,877 24,148
Interest Paid 7,619 7,619
Issuance of Stock to Directors $ 578 $ 633