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UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
OPERATING ACTIVITIES:    
Net earnings $ 104,386 $ 71,699
Adjustments to reconcile net earnings to cash flows used in operating activities:    
Realized gains on sale of investments (786) (19,782)
Unrealized gains on investments (75,165) (11,989)
Other non-cash items 3,811 5,553
Depreciation and other amortization 24,320 28,262
Net change in trading securities held on behalf of policyholders (996) 1,728
Sales and maturities of trading securities 1,666,796 1,669,290
Purchases of trading securities (1,615,299) (2,299,395)
Changes in:    
Reinsurance balances recoverable 132,938 210,401
Funds held by reinsured companies (17) 20,773
Losses and loss adjustment expenses (380,111) (188,793)
Policy benefits for life and annuity contracts (20,881) (14,028)
Insurance and reinsurance balances payable 41,473 33,828
Unearned premiums 34,200 26,505
Other operating assets and liabilities (131,001) (12,097)
Net cash flows used in operating activities (216,332) (478,045)
INVESTING ACTIVITIES:    
Acquisitions, net of cash acquired 9,924 56,369
Sales and maturities of available-for-sale securities 55,443 97,733
Purchase of available-for-sale securities (47,798) (48,548)
Maturities of held-to-maturity securities 15,302 5,246
Movement in restricted cash and cash equivalents 65,116 242,365
Purchase of other investments (40,166) (133,411)
Redemption of other investments 125,100 42,415
Other investing activities (1,597) (2,016)
Net cash flows provided by investing activities 181,324 260,153
FINANCING ACTIVITIES:    
Contribution by redeemable noncontrolling interest 0 680
Contribution by redeemable noncontrolling interest 0 15,728
Dividends paid to noncontrolling interest 0 (7,433)
Receipt of loans 154,048 374,700
Repayment of loans (140,500) (46,000)
Net cash flows provided by financing activities 13,548 337,675
EFFECT OF EXCHANGE RATE CHANGES ON FOREIGN CURRENCY CASH AND CASH EQUIVALENTS 381 (6,226)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS (21,079) 113,557
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 821,925 963,402
CASH AND CASH EQUIVALENTS, END OF PERIOD 800,846 1,076,959
Supplemental Cash Flow Information:    
Income taxes paid, net of refunds 15,830 13,343
Interest paid $ 10,578 $ 7,952