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Unaudited Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Operating activities    
Net income (loss) $ 3,576 $ (9,508)
Adjustments to reconcile net income (loss) to net cash provided by operating activities 58,746 69,878
Net cash provided by operating activities 62,322 60,370
Investing activities    
Purchases of fixed income and equity securities (342,299) (330,217)
Purchases of limited partnership interests 0 (450)
Distributions from limited partnerships 33,395 369
Proceeds from maturities 64,536 46,620
Proceeds from sales of fixed income securities 118,725 181,867
Proceeds from sales of equity securities 19,408 117,692
Purchase of insurance company-owned life insurance 0 (10,000)
Purchase of commercial mortgage loans (2,746) 0
Purchases of property and equipment (1,659) (4,360)
Proceeds from disposals of property and equipment 4 8
Net cash provided by (used in) investing activities (110,636) 1,529
Financing activities    
Dividends paid to shareholders (4,429) (12,652)
Repurchase of common shares (10,283) (2,620)
Net cash used in financing activities (14,712) (15,272)
Effect of foreign exchange rates on cash and cash equivalents 402 (209)
Increase (decrease) in cash, cash equivalents and restricted cash and cash equivalents (62,624) 46,418
Cash, cash equivalents and restricted cash and cash equivalents at beginning of period 170,811 68,713
Cash, cash equivalents and restricted cash and cash equivalents at end of period $ 108,187 $ 115,131