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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Operating activities    
Net earnings $ 193,334 $ 205,047
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Change in premium, claims and other receivables (194,834) (109,043)
Change in reinsurance recoverables 180,540 96,770
Change in ceded unearned premium (21,520) (35,485)
Change in loss and loss adjustment expense payable (241,159) (57,118)
Change in unearned premium 216,788 138,248
Change in reinsurance, premium and claims payable 32,494 55,764
Change in accounts payable and accrued liabilities (73,290) (69,414)
Stock-based compensation expense 10,947 10,303
Depreciation and amortization expense 12,322 8,289
Gain on investments (13,759) (25,151)
Other, net (69,110) (22,924)
Cash provided by operating activities 32,753 195,286
Investing activities    
Sales of available for sale fixed maturity securities 398,848 286,843
Sales of equity securities 71,970 170,182
Maturity or call of available for sale fixed maturity securities 363,541 269,468
Cost of available for sale fixed maturity securities acquired (518,929) (675,945)
Cost of equity securities acquired (147,232) (78,817)
Cost of other investments acquired (25,000)  
Change in short-term investments (31,300) (168,241)
Payments for purchase of businesses, net of cash received (99,060) (2,579)
Proceeds from sales of subsidiaries   12,942
Other, net (4,584) (3,902)
Cash provided (used) by investing activities 8,254 (190,049)
Financing activities    
Advances on line of credit 210,000 140,000
Payments on line of credit (140,004) (60,000)
Sale of common stock 6,768 11,709
Purchase of common stock (69,569) (41,542)
Dividends paid (56,722) (45,076)
Other, net (11,709) 2,278
Cash provided (used) by financing activities (61,236) 7,369
Net increase (decrease) in cash (20,229) 12,606
Cash at beginning of year 102,093 58,301
Cash at end of period $ 81,864 $ 70,907