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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Operating Activities:    
Net Income (Loss) $ 67,607 $ 13,633
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities:    
Depreciation & Amortization 2,782 3,586
Share-Based Compensation 7,413 8,360
Deferred Income Taxes (862) (13,920)
Total Net Realized and Unrealized Gains (3,667) (5,868)
Changes in Assets and Liabilities:    
Reinsurance Recoverable on Paid and Unpaid Losses and Loss Adjustment Expenses 16,668 (40,786)
Reserves for Losses and Loss Adjustment Expenses 86,851 251,971
Prepaid Reinsurance Premiums (4,482) (17,797)
Unearned Premiums 130,270 103,174
Premiums Receivable (39,969) (48,985)
Deferred Policy Acquisition Costs (26,254) (14,965)
Accrued Investment Income (2,513) (3,105)
Reinsurance Balances Payable 11,036 19,058
Current Income Tax Receivable, Net (5,665) (25,073)
Other 27,874 (6,532)
Net Cash Provided by Operating Activities 267,089 222,751
Fixed Maturities    
Redemptions and Maturities 341,632 233,384
Sales 345,828 192,417
Purchases (696,869) (560,018)
Equity Securities    
Sales   59,673
Sales 33,288  
Purchases   (61,562)
Purchases (122,083)  
Net Sales and Purchases of Other Invested Assets (12,930) (13,853)
Net Sales, Maturities and Purchases of Short-Term Investments (827) (552)
Net Change in Unsettled Security Transactions 14,706 21,761
Purchase of Subsidiaries, Net of Acquired Cash (22,383) 0
Net Purchase of Property and Equipment (7,482) (2,649)
Net Cash Used in Investing Activities (127,120) (131,399)
Financing Activities:    
Proceeds from Employee Stock Purchase Plan 1,508 2,289
Payment of Employee Tax Withholding on Stock Compensation (8,067) (13,835)
Dividends Paid (6,234) (4,862)
Net Cash Used in Financing Activities (12,793) (16,408)
Effect of Exchange Rate on Unrestricted and Restricted Cash and Cash Equivalents (4,516) 2,885
Change in Unrestricted and Restricted Cash and Cash Equivalents 122,660 77,829
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 281,624 250,675
Supplemental Information:    
Income Taxes Paid, Net 22,935 39,877
Interest Paid 7,619 7,619
Issuance of Stock to Directors $ 783 $ 578