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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Operating activities    
Net cash provided by operating activities $ 48,461 $ 16,112
Securities available-for-sale:    
Purchases – fixed maturity securities (118,652) (46,276)
Sales – fixed maturity securities 26,392 32,148
Maturities and calls – fixed maturity securities 45,245 15,406
Purchases – equity securities (5,949) 0
Sales – equity securities 766 409
Bank loan participations:    
Purchases (66,059) (75,983)
Sales 35,708 37,462
Maturities 11,427 18,840
Other invested assets:    
Purchases (4,992) (250)
Short-term investments, net 10,569 (2,517)
Securities receivable or payable, net 12,576 (336)
Purchases of property and equipment (275) (970)
Net cash used in investing activities (53,244) (22,067)
Financing activities    
Dividends paid (9,074) (8,885)
Issuance of common shares under equity incentive plans 2,862 303
Common share repurchases (1,283) (732)
Repayments of financing obligations net of proceeds (171) (291)
Net cash used in financing activities (7,666) (9,605)
Change in cash and cash equivalents (12,449) (15,560)
Cash and cash equivalents at beginning of period 163,495 109,784
Cash and cash equivalents at end of period 151,046 94,224
Supplemental information    
Interest paid $ 2,509 $ 2,101