XML 34 R8.htm IDEA: XBRL DOCUMENT v2.3.0.15
Consolidated Statements of Cash Flows (USD $)
In Thousands
6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Net cash flows provided by (used in) operating activities$ 631,946$ (217,674)
Fixed maturity securities:  
Purchases(1,349,745)(1,166,379)
Sales685,980780,818
Maturities325,750488,552
Net sales (purchases) of short-term investments(49,901)248,780
Net proceeds from paydowns on financial guaranty variable interest entities' assets423,977217,329
Other8,6968,317
Net cash flows provided by (used in) investing activities44,757577,417
Financing activities  
Dividends paid(16,577)(16,613)
Repurchases of common stock (10,457)
Share activity under option and incentive plans(2,652)(2,233)
Net paydowns of financial guaranty variable interest entities' liabilities(593,294)(259,367)
Repayment of long-term debt(10,294)(10,850)
Net cash flows provided by (used in) financing activities(622,817)(299,520)
Effect of foreign exchange rate changes3,215(3,090)
Increase (decrease) in cash57,10157,133
Cash at beginning of period108,38944,133
Cash at end of period165,490101,266
Cash paid (received) during the period for:  
Income taxes89,202136,645
Interest$ 45,711$ 46,261