XML 35 R7.htm IDEA: XBRL DOCUMENT v3.19.3
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Operating activities    
Net cash provided by operating activities $ 213,787 $ 251,913
Securities available-for-sale:    
Purchases – fixed maturity securities (327,725) (367,279)
Sales – fixed maturity securities 102,030 82,498
Maturities and calls – fixed maturity securities 85,921 113,980
Purchases – equity securities (4,975) (6,274)
Sales – equity securities 3,131 3,180
Bank loan participations:    
Purchases (73,102) (165,878)
Sales 41,707 98,739
Maturities 34,303 43,139
Other invested assets:    
Purchases 0 (6,993)
Return of capital 1,477 260
Redemptions 7,016 0
Short-term investments, net 32,082 (3,415)
Securities receivable or payable, net 10,673 3,064
Purchases of property and equipment (442) (595)
Net cash used in investing activities (87,904) (205,574)
Financing activities    
Senior debt repayment (20,000) 0
Dividends paid (27,463) (27,024)
Issuance of common shares under equity incentive plans 7,961 4,296
Common share repurchases (2,536) (1,898)
Other financing activities 0 (791)
Net cash used in financing activities (42,038) (25,417)
Change in cash and cash equivalents 83,845 20,922
Cash and cash equivalents at beginning of period 172,457 163,495
Cash and cash equivalents at end of period 256,302 184,417
Supplemental information    
Interest paid $ 9,510 $ 8,380