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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Operating activities    
Net cash provided by operating activities $ 104,279 $ 88,221
Securities available-for-sale:    
Purchases - fixed maturity securities (245,346) (144,487)
Sales - fixed maturity securities 29,276 28,101
Maturities and calls - fixed maturity securities 74,460 33,027
Purchases - equity securities (7,998) (8,133)
Sales - equity securities   16,612
Bank loan participations:    
Purchases (96,896) (203,980)
Sales 90,293 113,819
Maturities 29,876 57,652
Other invested assets:    
Purchases (47,099) (4,800)
Disposals 35 9,470
Maturities and repayments 6,957  
Short-term investments, net 81,631 (43,730)
Securities receivable or payable, net 39 37,781
Purchases of property and equipment (1,185) (909)
Net cash used in investing activities (85,957) (109,577)
Financing activities    
Dividends paid (13,735) (65,045)
Senior debt issuances   20,300
Debt issue costs paid   (395)
Issuances of common stock 863  
Common stock repurchases (3,715)  
Stock option excess tax benefit 2,094  
Repayments of financing obligations net of proceeds (488) (475)
Other financing (163)  
Net cash used in financing activities (15,144) (45,615)
Change in cash and cash equivalents 3,178 (66,971)
Cash and cash equivalents at beginning of period 73,383 158,604
Cash and cash equivalents at end of period 76,561 91,633
Supplemental information    
Interest paid 5,490 4,913
U.S. income taxes paid (net of refunds) $ (1,532) $ 5,131