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Condensed Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Thousands
6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
OPERATING ACTIVITIES:    
Net earnings $ 20,088 $ 41,096
Adjustments to reconcile net earnings to cash flows used in operating activities:    
Gain on bargain purchase (13,105)  
Share of undistributed net earnings of partly owned company   (9,353)
Net realized and unrealized investment (gain) loss (8,632) 2,025
Share of net gain from other investments (6,863) (9,410)
Other items 2,353 (1,155)
Depreciation and amortization 771 374
Amortization of bond premiums and discounts 8,866 2,507
Net movement of trading securities held on behalf of policyholders 448 23,306
Sales and maturities of trading securities 630,961 64,695
Purchases of trading securities (980,455) (755,925)
Changes in assets and liabilities:    
Reinsurance balances receivable (40,238) (68,415)
Other assets 60,005 (104,969)
Losses and loss adjustment expenses (41,924) 166,148
Reinsurance balances payable (7,412) 11,284
Accounts payable and accrued liabilities (52,667) (24,558)
Other liabilities (44,937) (33,293)
Net cash flows used in operating activities (472,741) (695,643)
INVESTING ACTIVITIES:    
Acquisitions, net of cash acquired (7,949) 157,184
Sales and maturities of available-for-sale securities 261,977 54,872
Purchase of held-to-maturity securities   (608,680)
Maturity of held-to-maturity securities   461,810
Movement in restricted cash and cash equivalents 143,408 87,052
Funding of other investments (23,581) (66,245)
Redemption of bond funds 12,535  
Sale of investment in partly owned company   29,400
Other investing activities (297) 278
Net cash flows provided by investing activities 386,093 115,671
FINANCING ACTIVITIES:    
Net proceeds from issuance of shares 105,703  
Distribution of capital to noncontrolling interest (16,200) (13,579)
Contribution to surplus of subsidiary by noncontrolling interest   28,742
Dividends paid to noncontrolling interest   (7,000)
Receipt of loans 167,650 21,400
Repayment of loans (207,016)  
Net cash flows provided by financing activities 50,137 29,563
TRANSLATION ADJUSTMENT (2,919) 7,699
NET DECREASE IN CASH AND CASH EQUIVALENTS (39,430) (542,710)
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 799,154 1,266,445
CASH AND CASH EQUIVALENTS, END OF PERIOD 759,724 723,735
Supplemental Cash Flow Information    
Net income taxes paid 55,927 41,089
Interest paid $ 3,848 $ 5,738