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Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Operating activities    
Net earnings $ 292,187 $ 283,139
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Change in premium, claims and other receivables (52,395) 6,623
Change in reinsurance recoverables (138,103) 47,149
Change in ceded unearned premium (44,809) (39,918)
Change in loss and loss adjustment expense payable 241,126 16,052
Change in unearned premium 95,395 87,177
Change in reinsurance, premium and claims payable, excluding restricted cash 21,516 (32,743)
Change in accounts payable and accrued liabilities (145,740) 79,500
Stock-based compensation expense 10,100 10,361
Depreciation and amortization expense 13,962 13,919
Gain on investments (31,115) (7,491)
Other, net 9,288 32,267
Cash provided by operating activities 271,412 496,035
Investing activities    
Sales of available for sale fixed maturity securities 337,895 293,969
Sales of equity securities 95,989 7,145
Sales of other investments 23,719 6,974
Maturity or call of available for sale fixed maturity securities 488,817 504,583
Maturity or call of held to maturity fixed maturity securities 0 28,511
Cost of available for sale fixed maturity securities acquired (1,109,233) (1,056,909)
Cost of equity securities acquired (226,601) (205,092)
Change in short-term investments 134,515 (5,401)
Payments for purchase of businesses, net of cash received (8,214) (32,590)
Other, net (5,248) (9,885)
Cash used by investing activities (268,361) (468,695)
Financing activities    
Advances on line of credit 130,000 140,000
Payments on line of credit (60,000) (70,000)
Sale of common stock 8,725 40,105
Purchase of common stock (47,869) (135,151)
Dividends paid (49,773) (47,617)
Other, net (487) 5,066
Cash used by financing activities (19,404) (67,597)
Net decrease in cash (16,353) (40,257)
Cash at beginning of year 71,390 104,550
Cash at end of period $ 55,037 $ 64,293