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Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Operating activities    
Net earnings $ 176,077 $ 116,468
Adjustments to reconcile net earnings to net cash provided by operating activities    
Change in premium, claims and other receivables (68,083) (103,245)
Change in reinsurance recoverables 2,921 (84,728)
Change in ceded unearned premium (32,951) 36,870
Change in loss and loss adjustments expense payable 84,925 147,870
Change in unearned premium 116,448 63,015
Change in reinsurance, premium and claims payable, excluding restricted cash 3,290 (30,413)
Change in accounts payable and accrued liabilities (44,867) (19,426)
Stock-based compensation expense 6,168 7,137
Depreciation and amortization expense 9,133 8,769
Other, net (8,510) (20,533)
Cash provided by operating activities 244,551 121,784
Investing activities    
Proceeds from sales of available for sale fixed maturity securities 218,572 246,331
Proceeds from sale of equity securities 1,739  
Maturity or call of available for sale fixed maturity securities 325,046 285,637
Maturity or call of held to maturity fixed maturity securities 28,579 24,932
Cost of available for sale fixed maturity securities acquired (628,278) (835,368)
Cost of equity securities acquired 94,706  
Cost of other investments acquired 0 (27,784)
Change in short-term investments (62,621) 292,365
Payments for purchase of businesses, net of cash received (32,143) (1,892)
Other, net (6,982) (10,942)
Cash used by investing activities (250,794) (26,721)
Financing activities    
Advances on line of credit 140,000 95,000
Payments on line of credit (28,000)  
Sale of common stock 13,644 35,236
Purchase of common stock (126,442) (200,302)
Dividends paid (32,002) (33,305)
Other, net (2,323) (2,307)
Cash used by financing activities (35,123) (105,678)
Net decrease in cash (41,366) (10,615)
Cash at beginning of year 104,550 97,857
Cash at end of period $ 63,184 $ 87,242