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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Operating activities    
Net cash (used in) provided by operating activities $ (65,305) $ 35,450
Securities available-for-sale:    
Purchases – fixed maturity securities (182,205) (130,362)
Sales – fixed maturity securities 4,513 45,466
Maturities and calls – fixed maturity securities 34,861 39,215
Purchases – equity securities (7,435) (2,753)
Sales – equity securities 3,295 263
Bank loan participations:    
Purchases (18,408) (21,746)
Sales 9,735 6,602
Maturities 13,220 11,355
Other invested assets:    
Purchases (438) 0
Return of capital 253 260
Redemptions 13,133 0
Short-term investments, net 85,867 (10,168)
Securities receivable or payable, net (5,770) 14,643
Purchases of property and equipment (342) (144)
Net cash used in investing activities (49,721) (47,369)
Financing activities    
Senior debt issuances 119,000 0
Senior debt repayments 0 (20,000)
Dividends paid (9,468) (9,244)
Issuance of common shares under equity incentive plans 0 2,632
Common share repurchases (2,038) (1,374)
Net cash provided by (used in) financing activities 107,494 (27,986)
Change in cash, cash equivalents, and restricted cash equivalents (7,532) (39,905)
Cash, cash equivalents, and restricted cash equivalents at beginning of period 1,406,076 172,457
Cash, cash equivalents, and restricted cash equivalents at end of period 1,398,544 132,552
Supplemental information    
Interest paid $ 3,248 $ 3,339