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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Operating Activities:      
Net Income $ 40,494 $ 82,726 $ 81,057
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities:      
Depreciation & Amortization 3,645 5,429 5,386
Share-Based Compensation 13,829 17,624 14,997
Deferred Income Taxes (8,879) (5,755) 7,004
Net Realized Gains (45,073) (9,186) (8,373)
Net Other-Than-Temporary Impairments Recognized in Earnings 2,064 150 1,698
Changes in Assets And Liabilities:      
Reinsurance Recoverable on Paid and Unpaid Losses and Loss Adjustment Expenses (20,399) (2,835) 43,822
Reserves for Losses and Loss Adjustment Expenses 225,132 87,083 43,010
Prepaid Reinsurance Premiums (15,168) 19,211 5,264
Unearned Premiums 100,160 66,668 54,509
Premiums Receivable (45,035) (30,070) 65,863
Deferred Policy Acquisition Costs (15,552) (27,677) (12,531)
Accrued Investment Income (2,139) (1,314) (1,210)
Reinsurance Balances Payable 27,362 1,568 (45,124)
Current Income Tax Receivable, Net 3,966 (1,988) (8,072)
Other 936 27,791 (13,654)
Net Cash Provided by Operating Activities 265,343 229,425 233,646
Fixed Maturities      
Redemptions and Maturities 373,380 275,706 180,876
Sales 225,962 446,666 376,522
Purchases (1,008,537) (962,419) (648,059)
Equity Securities      
Sales 207,838 54,798 96,405
Purchases (62,887) (92,329) (215,405)
Change in Net Payable for Securities 2,135 (1,517) 1,851
Purchase of Other Invested Assets 0 (1,960) 0
Net Change in Short-Term Investments 17,877 73,541 (38,468)
Purchase of Property and Equipment (3,474) (3,918) (3,577)
Net Cash Used in Investing Activities (247,706) (211,432) (249,855)
Financing Activities:      
Proceeds from Employee Stock Purchase Plan 2,076 1,840 1,352
Proceeds of Stock Issued from Exercise of Stock Options 0 0 29
Payment of Employee Tax Withholding on Stock Compensation (13,887) (5,198) (6,022)
Dividends Paid (6,633) (3,930) 0
Net Cash Used in Financing Activities (18,444) (7,288) (4,641)
Effect of Exchange Rate on Cash 3,248 (15,963) 0
Change in Cash 2,441 (5,258) (20,850)
Cash at Beginning of Year 64,643 69,901 90,751
Cash at End of Period 67,084 64,643 69,901
Supplemental Information:      
Income Taxes Paid, Net 39,689 34,830 35,447
Interest Paid 15,238 15,238 15,238
Issuance of Stock to Directors $ 578 $ 633 $ 563