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Consolidated Statements of Cash Flows (USD $)
In Thousands
3 Months Ended
Mar. 31, 2011
Mar. 31, 2010
Net cash flows provided by (used in) operating activities$ (122,143)$ (210,399)
Fixed maturity securities:  
Purchases(511,679)(418,032)
Sales299,877187,800
Maturities183,587265,268
Net sales (purchases) of short-term investments242,296219,827
Net proceeds from paydowns on financial guaranty variable interest entities' assets162,50060,687
Other4,2464,867
Net cash flows provided by (used in) investing activities380,827320,417
Financing activities  
Dividends paid(8,286)(8,305)
Share activity under option and incentive plans(2,312)(2,583)
Net paydowns of financial guaranty variable interest entities' liabilities(241,618)(46,157)
Repayment of long-term debt(5,095)(6,363)
Net cash flows provided by (used in) financing activities(257,311)(63,408)
Effect of exchange rate changes1,825(254)
Increase (decrease) in cash3,19846,356
Cash at beginning of period108,38944,133
Cash at end of period111,58790,489
Cash paid (received) during the period for:  
Income taxes51,465136,645
Interest$ 12,190$ 12,588