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Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
CASH FLOWS FROM OPERATING ACTIVITIES    
Net (loss) income $ (108,327) $ 73,462
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 17,244 17,337
Net realized investment gains (23,321) (38,192)
Increase in premiums receivable (54,872) (74,948)
(Increase) decrease in reinsurance recoverables (594,986) 1,983
Changes in current and deferred income taxes (30,688) 12,355
Increase in deferred policy acquisition costs (1,139) (14,094)
Increase in loss and loss adjustment expense reserves 640,550 73,518
Increase in unearned premiums 81,413 118,524
(Decrease) increase in accounts payable and accrued expenses (70,773) 3,615
Other, net 76,170 19,066
Net cash (used in) provided by operating activities (68,729) 192,626
Fixed maturity securities available for sale in nature:    
Purchases (299,354) (419,763)
Sales 351,769 116,837
Calls or maturities 255,122 114,300
Equity securities available for sale in nature:    
Purchases (493,342) (399,522)
Sales 805,966 365,377
Calls 0 7,185
Changes in securities payable and receivable (31,936) 10,783
Decrease in short-term investments 75,683 16,151
Purchases of fixed assets (13,143) (10,271)
Other, net 837 4,044
Net cash provided by (used in) investing activities 651,602 (194,879)
CASH FLOWS FROM FINANCING ACTIVITIES    
Dividends paid to shareholders (17,586) (17,580)
Payments on finance lease obligations (754) (985)
Net cash used in financing activities (18,340) (18,565)
Net increase (decrease) in cash 564,533 (20,818)
Cash:    
Beginning of the year 720,257 550,903
End of period 1,284,790 530,085
SUPPLEMENTAL CASH FLOW DISCLOSURE    
Interest paid 11,179 11,741
Income taxes (refunded) paid, net $ (3,280) $ 3,404