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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Operating Activities:    
Net Income $ 30,878 $ 21,110
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities:    
Depreciation & Amortization 807 1,184
Share-Based Compensation 986 4,467
Deferred Income Taxes (5) (8,598)
Total Net Realized and Unrealized Gains 2,012 44
Changes in Assets And Liabilities:    
Reinsurance Recoverable on Paid and Unpaid Losses and Loss Adjustment Expenses 9,382 (9,593)
Reserves for Losses and Loss Adjustment Expenses 6,353 41,664
Prepaid Reinsurance Premiums (237) (11,186)
Unearned Premiums 70,755 62,139
Premiums Receivable (61,403) (74,566)
Deferred Policy Acquisition Costs (16,328) (6,539)
Accrued Investment Income (1,247) (792)
Reinsurance Balances Payable (7,468) 9,187
Current Income Tax Receivable, Net 6,251 19,098
Other (4,973) (10,276)
Net Cash Provided by Operating Activities 35,763 37,343
Fixed Maturities    
Redemptions and Maturities 175,867 86,049
Sales 110,089 34,973
Purchases (246,359) (175,679)
Equity Securities    
Sales   13,316
Sales 14,989  
Purchases   (11,492)
Purchases (36,799)  
Net Sales and Purchases of Other Invested Assets (4,585) (2,570)
Net Sales, Maturities and Purchases of Short-Term Investments 22 (1,546)
Net Change in Unsettled Security Transactions 21,581 6,757
Net Purchase of Property and Equipment (1,150) (956)
Net Cash Provided by (Used in) Investing Activities 33,655 (51,148)
Financing Activities:    
Proceeds from Employee Stock Purchase Plan 452 1,147
Payment of Employee Tax Withholding on Stock Compensation (5,508) (10,295)
Dividends Paid (2,069) (1,324)
Net Cash Used in Financing Activities (7,125) (10,472)
Effect of Exchange Rate on Unrestricted and Restricted Cash and Cash Equivalents 2,876 887
Change in Unrestricted and Restricted Cash and Cash Equivalents 65,169 (23,390)
Unrestricted and Restricted Cash and Cash Equivalents at Beginning of Year 158,964 172,846
Unrestricted and Restricted Cash and Cash Equivalents at End of Period 224,133 149,456
Supplemental Information:    
Income Taxes Paid, Net 294 136
Interest Paid 0 0
Issuance of Stock to Directors $ 783 $ 578