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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2021
USD ($)
Jun. 30, 2021
USD ($)
Jun. 30, 2020
USD ($)
Cash flows from operating activities:      
Net cash provided by operating activities   $ 257,120 $ 190,847
Cash flows from investing activities:      
Proceeds from sale of property and equipment   28 22
Purchases of property and equipment   (3,024) (10,213)
Purchases of equity securities   (14,192) (10,145)
Purchases of available-for-sale debt securities   (237,353) (91,445)
Proceeds from sales of equity securities $ 3,589 5,165 0
Proceeds from sales of available-for-sale debt securities   60,978 28,468
Proceeds from sales of investment real estate   2,591 0
Maturities of available-for-sale debt securities   53,313 71,214
Net cash provided by (used in) investing activities   (132,494) (12,099)
Cash flows from financing activities:      
Preferred stock dividend   (5) (5)
Common stock dividend   (10,101) (10,405)
Purchase of treasury stock   (245) (16,616)
Payments related to tax withholding for share-based compensation   (784) (1,070)
Repayment of debt   (735) (735)
Net cash provided by (used in) financing activities   (11,870) (28,831)
Cash and cash equivalents, and restricted cash and cash equivalents:      
Net increase (decrease) during the period   112,756 149,917
Balance, beginning of period   179,871 184,744
Balance, end of period 292,627 292,627 334,661
Cash and cash equivalents, and restricted cash and cash equivalents within the Consolidated Balance Sheets      
Cash and cash equivalents 286,493 286,493  
Restricted cash and cash equivalents 6,134 [1] 6,134 [1]  
Total cash and cash equivalents and restricted cash and cash equivalents $ 292,627 $ 292,627 $ 334,661
[1] See “—Note 5 (Insurance Operations)” for a discussion of the nature of the restrictions for restricted cash and cash equivalents and “—Note 14 (Variable Interest Entities)” for a discussion of restricted cash held in a trust account.