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Consolidated Statements of Cash Flows (USD $)
In Thousands
9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Net cash flows provided by (used in) operating activities$ 600,998$ (104,267)
Fixed maturity securities:  
Purchases(1,787,990)(1,928,744)
Sales848,416835,716
Maturities502,929729,559
Net sales (purchases) of short-term investments182,407731,216
Net proceeds from paydowns on financial guaranty variable interest entities' assets598,160323,626
Other13,98815,718
Net cash flows provided by (used in) investing activities357,910707,091
Financing activities  
Dividends paid(24,830)(24,889)
Repurchases of common stock(23,311)(10,457)
Share activity under option and incentive plans(2,609)(2,323)
Net paydowns of financial guaranty variable interest entities' liabilities(830,063)(497,296)
Repayment of long-term debt(16,902)(16,090)
Net cash flows provided by (used in) financing activities(897,715)(551,055)
Effect of foreign exchange rate changes3,678(1,496)
Increase (decrease) in cash64,87150,273
Cash at beginning of period108,38944,133
Cash at end of period173,26094,406
Cash paid (received) during the period for:  
Income taxes89,202138,073
Interest$ 58,100$ 58,587