XML 17 R7.htm IDEA: XBRL DOCUMENT v3.23.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Operating Activities    
Net cash provided by operating activities $ 423,577 $ 278,654
Investing Activities    
Purchase of property and equipment (4,219) (2,023)
Purchase of real estate investment (1,085) 0
Change in short-term investments, net 13,071 (10,793)
Purchases – fixed-maturity securities (667,804) (398,033)
Purchases - equity securities (40,535) (806)
Sales – fixed-maturity securities 187,418 72,384
Sales – equity securities 6,251 3,990
Maturities and calls – fixed-maturity securities 62,284 65,177
Net cash used in investing activities (444,619) (270,104)
Financing Activities    
Payroll taxes withheld and remitted on share-based payments (4,234) (3,257)
Proceeds from stock options exercised 554 528
Dividends paid (6,495) (5,971)
Net cash used in financing activities (10,175) (8,700)
Net change in cash and cash equivalents (31,217) (150)
Cash and cash equivalents at beginning of period   121,040
Cash and cash equivalents at end of period $ 125,057 $ 120,890