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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Operating activities    
Net cash provided by operating activities $ 65,326 $ 30,770
Securities available-for-sale:    
Purchases – fixed maturity securities (196,208) (157,918)
Sales – fixed maturity securities 33,723 68,049
Maturities and calls – fixed maturity securities 128,640 52,728
Purchases – equity securities 0 (3,000)
Sales – equity securities 409 0
Bank loan participations:    
Purchases (144,172) (51,304)
Sales 79,959 5,360
Maturities 28,638 33,304
Other invested assets:    
Purchases (6,322) (1,000)
Return of Capital 0 985
Maturities and repayments 0 6,500
Short-term investments, net 9,496 4,364
Securities receivable or payable, net 1,205 (1,598)
Purchases of property and equipment (1,426) (1,858)
Net cash used in investing activities (66,058) (45,388)
Financing activities    
Dividends paid (17,729) (11,604)
Issuance of common shares under equity incentive plans 868 1,743
Common share repurchases (3,953) (716)
Repayments of financing obligations net of proceeds (467) (557)
Net cash used in financing activities (21,281) (11,134)
Change in cash and cash equivalents (22,013) (25,752)
Cash and cash equivalents at beginning of period 109,784 106,406
Cash and cash equivalents at end of period 87,771 80,654
Supplemental information    
Interest paid $ 4,329 $ 3,973