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Unaudited Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Operating activities    
Net income (loss) $ (22,156) $ 2,748
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities 20,844 8,657
Net cash provided by (used in) operating activities (1,312) 11,405
Investing activities    
Purchases of fixed income and equity securities (82,641) (140,645)
Purchases of limited partnership interests 0 0
Distributions from limited partnerships 14,636 17,214
Proceeds from maturities 31,088 16,776
Proceeds from sales of fixed income securities 48,552 52,199
Proceeds from sales of equity securities 5,480 9,169
Purchase of insurance company-owned life insurance 0 0
Purchase of commercial mortgage loans (368) (1,172)
Proceeds from commercial mortgage loans 72 0
Purchases of property and equipment (369) (797)
Proceeds from disposals of property and equipment 0 0
Net cash provided by (used in) investing activities 16,450 (47,256)
Financing activities    
Dividends paid to shareholders (1,426) (1,493)
Repurchase of common shares (1,782) (468)
Net cash used in financing activities (3,208) (1,961)
Effect of foreign exchange rates on cash and cash equivalents (687) 307
Increase (decrease) in cash, cash equivalents and restricted cash and cash equivalents 11,243 (37,505)
Cash, cash equivalents and restricted cash and cash equivalents at beginning of period 88,888 170,811
Cash, cash equivalents and restricted cash and cash equivalents at end of period $ 100,131 $ 133,306