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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Operating activities    
Net cash provided by operating activities $ 68,123 $ 164,086
Securities available-for-sale:    
Purchases – fixed maturity securities (260,853) (178,600)
Sales – fixed maturity securities 91,537 65,275
Maturities and calls – fixed maturity securities 64,905 81,138
Purchases – equity securities (3,977) (5,949)
Sales – equity securities 263 3,179
Bank loan participations:    
Purchases (46,327) (121,285)
Sales 27,920 77,933
Maturities 25,565 28,053
Other invested assets:    
Purchases 0 (6,993)
Return of capital 1,266 308
Redemptions 3,000 0
Short-term investments, net 57,503 11,664
Securities receivable or payable, net 1,925 2,015
Purchases of property and equipment (197) (470)
Net cash used in investing activities (37,470) (43,732)
Financing activities    
Senior debt repayment (20,000) 0
Dividends paid (18,342) (18,042)
Issuance of common shares under equity incentive plans 6,493 3,900
Common share repurchases (2,136) (1,874)
Other financing activities 0 (466)
Net cash used in financing activities (33,985) (16,482)
Change in cash and cash equivalents (3,332) 103,872
Cash and cash equivalents at beginning of period 172,457 163,495
Cash and cash equivalents at end of period 169,125 267,367
Supplemental information    
Interest paid $ 6,499 $ 5,368