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Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
CASH FLOWS FROM OPERATING ACTIVITIES    
Net (loss) income $ (505,902) $ 217,464
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 64,647 56,864
Net realized investment losses (gains) 581,237 (56,953)
Increase in premiums receivable (25,202) (58,529)
Decrease (increase) in reinsurance recoverables 19,691 (1,437)
Changes in current and deferred income taxes (147,595) (22,454)
Increase in deferred policy acquisition costs (21,467) (16,280)
Increase in loss and loss adjustment expense reserves 206,304 150,817
Increase in unearned premiums 115,660 139,424
Decrease in accounts payable and accrued expenses (11,708) (12,958)
Share-based compensation 15 106
Other, net 9,191 31,965
Net cash provided by operating activities 284,871 428,029
Fixed maturity securities available for sale in nature:    
Purchases (1,299,431) (1,044,819)
Sales 621,519 117,754
Calls or maturities 388,421 397,524
Equity securities available for sale in nature:    
Purchases (755,838) (695,393)
Sales 843,283 689,484
Changes in securities payable and receivable (11,303) 20,267
Decrease in short-term investments 39,634 213,553
Purchases of fixed assets (25,589) (29,498)
Other, net 3,811 1,842
Net cash used in investing activities (195,493) (329,286)
CASH FLOWS FROM FINANCING ACTIVITIES    
Dividends paid to shareholders (87,902) (105,066)
Proceeds from stock options exercised 0 215
Payments on finance lease obligations (1,147) (765)
Net cash used in financing activities (89,049) (105,616)
Net increase (decrease) in cash 329 (6,873)
Cash:    
Beginning of the year 335,557 348,479
End of period 335,886 341,606
SUPPLEMENTAL CASH FLOW DISCLOSURE    
Interest paid 16,612 16,584
Income taxes paid, net $ 179 $ 69,432