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Unaudited Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Operating activities    
Net income (loss) $ (10,789) $ 4,283
Adjustments to reconcile net income (loss) to net cash provided by operating activities 22,467 34,113
Net cash provided by operating activities 11,678 38,396
Investing activities    
Purchases of fixed income and equity securities (164,518) (245,099)
Distributions from limited partnerships 14,636 20,231
Proceeds from maturities 60,811 38,917
Proceeds from sales of fixed income securities 67,922 71,839
Proceeds from sales of equity securities 44,395 14,449
Purchase of commercial mortgage loans (410) (2,213)
Proceeds from commercial mortgage loans 121 0
Purchases of property and equipment (712) (1,346)
Proceeds from disposals of property and equipment 0 3
Net cash provided by (used in) investing activities 22,245 (103,219)
Financing activities    
Dividends paid to shareholders (2,858) (2,987)
Repurchase of common shares (1,782) (6,487)
Net cash used in financing activities (4,640) (9,474)
Effect of foreign exchange rates on cash and cash equivalents (466) 591
Increase (decrease) in cash, cash equivalents and restricted cash and cash equivalents 28,817 (73,706)
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 $ 117,705 $ 97,105