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Unaudited Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
OPERATING ACTIVITIES:    
Net earnings $ 54,605 $ 53,492
Adjustments to reconcile net earnings to cash flows provided by (used in) operating activities:    
Realized losses (gains) on sale of investments 1,417 (12,689)
Unrealized losses (gains) on investments (39,381) (30,331)
Other non-cash items 1,053 2,773
Depreciation and other amortization 13,629 14,024
Net change in trading securities held on behalf of policyholders (1,093) 1,580
Sales and maturities of trading securities 655,590 926,919
Purchases of trading securities (732,815) (1,187,652)
Changes in:    
Reinsurance balances recoverable 72,596 36,691
Funds held by reinsured companies (4,255) 18,552
Losses and loss adjustment expenses (165,467) (34,221)
Policy benefits for life and annuity contracts (11,468) (9,603)
Insurance and reinsurance balances payable 10,207 20,555
Unearned premiums 24,682 38,041
Other operating assets and liabilities (41,388) (57,536)
Net cash flows provided by (used in) operating activities (162,088) (219,405)
INVESTING ACTIVITIES:    
Acquisitions, net of cash acquired 0 140,458
Sales and maturities of available-for-sale securities 25,846 49,241
Purchase of available-for-sale securities (3,582) (24,484)
Maturities of held-to-maturity securities 271 5,239
Movement in restricted cash and cash equivalents 4,547 39,740
Purchase of other investments (17,773) (78,895)
Redemption of other investments 94,836 13,882
Other investing activities (1,219) (233)
Net cash flows provided by (used in) investing activities 102,926 144,948
FINANCING ACTIVITIES:    
Receipt of loans 0 109,000
Repayment of loans (20,500) 0
Net cash flows provided by (used in) financing activities (20,500) 109,000
EFFECT OF EXCHANGE RATE CHANGES ON FOREIGN CURRENCY CASH AND CASH EQUIVALENTS 3,790 (15,444)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS (75,872) 19,099
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 821,925 963,402
CASH AND CASH EQUIVALENTS, END OF PERIOD 746,053 982,501
Supplemental Cash Flow Information:    
Income taxes paid, net of refunds 10,687 11,715
Interest paid $ 4,534 $ 4,003