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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Cash flows from operating activities:      
Net earnings $ 137,544 $ 135,445 $ 126,255
Adjustments to reconcile net earnings to net cash provided by operating activities      
Net realized gains (39,829) (32,182) (22,036)
Depreciation 5,406 4,557 3,765
Other items, net 15,006 10,818 13,104
Change in:      
Accrued investment income (249) 1,081 (1,307)
Premiums and reinsurance balances receivable (net of direct write-offs and commutations) 10,911 (2,064) (13,154)
Reinsurance balances payable (457) (9,321) 3,375
Funds held 2,773 (10,175) 5,023
Ceded unearned premium 1,128 6,446 12,785
Reinsurance balances recoverable on unpaid losses 37,262 19,818 4,960
Deferred policy acquisition costs (4,706) (3,615) (9,164)
Accrued expenses (7,406) 3,552 9,663
Unpaid losses and settlement expenses (17,255) (8,393) (29,050)
Unearned premiums 20,682 9,331 22,735
Income taxes      
Current 7,069 (155) 5,966
Deferred 7,034 5,446 6,065
Stock option excess tax benefit (11,413) (1,766) (6,310)
Changes in investment in unconsolidated investees:      
Undistributed earnings (10,914) (12,338) (10,915)
Dividends received   6,600 13,200
Net proceeds from trading portfolio activity     6
Net cash provided by operating activities 152,586 123,085 134,966
Purchase of:      
Fixed income, available-for-sale (665,422) (470,210) (545,899)
Equity securities, available-for-sale (39,905) (18,088) (31,010)
Property and equipment (10,035) (7,121) (17,531)
Investment in equity method investee (1,711) (5,301)  
Other (4,642) (5,534)  
Proceeds from sale of:      
Fixed income, held-to-maturity   654  
Fixed income, available-for-sale 436,680 342,308 173,694
Equity securities, available-for-sale 53,110 72,869 73,982
Short-term investments, net 6,637 11,401 7,230
Property and equipment 76 276 1,492
Subsidiary (RLI Indemnity Company) 7,500    
Other 135   400
Proceeds from call or maturity of:      
Fixed income, held-to-maturity     11,090
Fixed income, available-for-sale 156,980 101,517 224,620
Net cash provided by (used in) investing activities (60,597) 22,771 (101,932)
Cash Flows from financing activities      
Stock option excess tax benefit 11,413 1,766 6,310
Proceeds from stock option exercises (3,364) 3,386 318
Proceeds from issuance of senior notes     149,571
Payment on senior notes     (99,504)
Debt issue costs paid     (1,437)
Cash dividends paid (119,577) (159,857) (93,137)
Net cash used in financing activities (111,528) (154,705) (37,879)
Net decrease in cash (19,539) (8,849) (4,845)
Cash at the beginning of year 30,620 39,469 44,314
Cash at end of year $ 11,081 $ 30,620 $ 39,469