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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Operating activities    
Net cash provided by operating activities $ 121,001 $ 83,916
Securities available-for-sale:    
Purchases – fixed maturity securities (174,635) (233,753)
Sales – fixed maturity securities 58,678 62,006
Maturities and calls – fixed maturity securities 48,172 106,687
Purchases – equity securities 0 (3,680)
Sales – equity securities 2,748 4,811
Bank loan participations:    
Purchases (192,624) (86,074)
Sales 105,747 21,743
Maturities 47,157 45,861
Other invested assets:    
Purchases (6,322) (1,990)
Return of capital 0 717
Maturities and repayments 0 6,500
Short-term investments, net 8,513 (3,986)
Securities receivable or payable, net 12,682 705
Purchases of property and equipment (2,118) (2,142)
Net cash used in investing activities (92,002) (82,595)
Financing activities    
Dividends paid (26,596) (17,428)
Issuance of common shares under equity incentive plans 1,548 2,134
Common share repurchases (6,613) (716)
Repayments of financing obligations net of proceeds (622) (844)
Net cash used in financing activities (32,283) (16,854)
Change in cash and cash equivalents (3,284) (15,533)
Cash and cash equivalents at beginning of period 109,784 106,406
Cash and cash equivalents at end of period 106,500 90,873
Supplemental information    
Interest paid $ 6,626 $ 6,011