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Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Operating activities    
Net earnings $ 194,012 $ 176,077
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Change in premium, claims and other receivables (99,897) (68,083)
Change in reinsurance recoverables (17,018) 2,921
Change in ceded unearned premium (35,032) (32,951)
Change in loss and loss adjustment expense payable 52,026 84,925
Change in unearned premium 119,759 116,448
Change in reinsurance, premium and claims payable, excluding restricted cash 43,237 3,290
Change in accounts payable and accrued liabilities (119,103) (44,867)
Stock-based compensation expense 6,955 6,168
Depreciation and amortization expense 9,093 9,133
Gain on investments (13,193) (6,650)
Other, net (38,849) (1,860)
Cash provided by operating activities 101,990 244,551
Investing activities    
Sales of available for sale fixed maturity securities 171,801 218,572
Sales of equity securities 44,308 1,739
Sales of other investments 23,719 0
Maturity or call of available for sale fixed maturity securities 375,924 325,046
Maturity or call of held to maturity fixed maturity securities 0 28,579
Cost of available for sale fixed maturity securities acquired (756,782) (628,278)
Cost of equity securities acquired (114,685) (94,706)
Cost of other investments acquired 0 0
Change in short-term investments 145,977 (62,621)
Payments for purchase of businesses, net of cash received (8,214) (32,143)
Proceeds from sale of subsidiaries 0 0
Other, net (2,191) (6,982)
Cash used by investing activities (120,143) (250,794)
Financing activities    
Advances on line of credit 70,000 140,000
Payments on line of credit (15,000) (28,000)
Sale of common stock 7,408 13,644
Purchase of common stock (46,586) (126,442)
Dividends paid (33,250) (32,002)
Other, net 3,544 (2,323)
Cash used by financing activities (13,884) (35,123)
Net decrease in cash (32,037) (41,366)
Cash at beginning of year 71,390 104,550
Cash at end of period $ 39,353 $ 63,184