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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net income $ 709,848 $ 475,898 $ 421,863
Adjustments to reconcile net income to cash provided by operating activities:      
Provision for policy losses and other claims 446,040 452,633 450,410
Depreciation and amortization 129,021 125,927 128,053
Amortization of premiums and accretion of discounts on debt securities, net 26,781 26,994 31,211
Net realized investment (gains) losses (66,404) 56,487 (11,234)
Share-based compensation 42,474 41,145 37,399
Equity in earnings of affiliates, net (2,836) (2,717) (3,785)
Dividends from equity method investments 5,628 4,909 11,083
Changes in assets and liabilities excluding effects of acquisitions and noncash transactions:      
Claims paid, including assets acquired, net of recoveries (415,321) (450,756) (472,047)
Net change in income tax accounts 16,399 42,079 (102,819)
(Increase) decrease in accounts and accrued income receivable (27,240) 5,264 12,426
Increase in accounts payable and accrued liabilities 45,549 15,303 127,683
Increase in deferred revenue 10,343 2,741 10,238
Other, net (7,193) (2,742) (8,347)
Cash provided by operating activities 913,089 793,165 632,134
CASH FLOWS FROM INVESTING ACTIVITIES:      
Net cash effect of acquisitions/dispositions (19,674) (79,171) (82,993)
Net (increase) decrease in deposits with banks (8,307) 3,361 (18,319)
Purchases of debt and equity securities (2,340,836) (3,157,893) (1,970,597)
Proceeds from sales of debt and equity securities 1,331,192 1,501,402 1,163,765
Proceeds from maturities of debt securities 1,006,755 640,558 641,442
Investments in unconsolidated entities (101,000) (1,210) (150)
Net change in other investments (3,842) (5,582) 3,913
Advances under secured financing agreements (8,001,099) (2,380,878) 0
Collections of secured financings receivable 7,789,951 2,374,329 0
Capital expenditures (106,979) (118,170) (134,206)
Proceeds from sales of property and equipment 647 2,630 9,977
Proceeds from insurance settlement 960 0 0
Cash used for investing activities (452,232) (1,220,624) (387,168)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Net change in deposits (448,752) 715,617 291,088
Borrowings under secured financing agreements 7,991,617 2,380,976 0
Repayments of secured financings payable (7,789,518) (2,374,426) 0
Borrowings under unsecured credit agreement 160,000 0 0
Repayments of notes and contracts payable (165,569) (5,294) (5,543)
Net activity related to noncontrolling interests (1,154) (745) (969)
Net (payments) proceeds in connection with share-based compensation (1,187) (4,105) 2,732
Purchase of Company shares (2,066) (18,801) 0
Payments of cash dividends (188,440) (178,487) (159,284)
Cash (used for) provided by financing activities (445,069) 514,735 128,024
Effect of exchange rate changes on cash 3,042 (7,373) 8,098
Net increase in cash and cash equivalents 18,830 79,903 381,088
Cash and cash equivalents—Beginning of year 1,467,129 1,387,226 1,006,138
Cash and cash equivalents—End of year 1,485,959 1,467,129 1,387,226
SUPPLEMENTAL INFORMATION:      
Interest 46,266 39,183 33,680
Premium taxes 68,276 68,526 66,785
Income taxes, less refunds of $1,604, $7,255 and $52,153 $ 178,743 $ 91,745 $ 126,208