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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Operating Activities    
Net cash provided by operating activities $ 91,322 $ 59,683
Investing Activities    
Purchase of property and equipment (1,282) (9,264)
Proceeds from Sale of Property, Plant, and Equipment 0 4,999
Purchases – fixed-maturity securities (105,010) (146,963)
Purchases - equity securities (3,282) (13,443)
Sales – fixed-maturity securities 30,797 31,641
Maturities and calls – fixed-maturity securities 45,053 19,482
Net cash used in investing activities (33,724) (113,548)
Financing Activities    
Proceeds from credit facility 0 7,300
Proceeds from stock options exercised 339 702
Dividends paid (2,495) (1,991)
Net cash (used in) provided by financing activities (2,156) 6,011
Net change in cash and cash equivalents 55,442 (47,854)
Cash and cash equivalents at beginning of period 77,093 100,408
Cash and cash equivalents at end of period $ 132,535 $ 52,554