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Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Operating activities    
Net earnings $ 107,911 $ 105,850
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Change in premium, claims and other receivables (44,966) (29,047)
Change in reinsurance recoverables 55,197 1,364
Change in ceded unearned premium (5,939) (528)
Change in loss and loss adjustment expense payable (53,892) 16,429
Change in unearned premium 32,475 16,236
Change in reinsurance, premium and claims payable 71,873 26,113
Change in accounts payable and accrued liabilities (51,885) (101,424)
Stock-based compensation expense 4,214 2,874
Depreciation and amortization expense 4,169 4,797
Gain on investments (20,246) (8,570)
Other, net (3,447) (31,997)
Cash provided by operating activities 95,464 2,097
Investing activities    
Sales of available for sale fixed maturity securities 119,011 158,135
Sales of equity securities 144,075 17,808
Sales of other investments 0 20,921
Maturity or call of available for sale fixed maturity securities 131,204 190,308
Cost of available for sale fixed maturity securities acquired (179,789) (389,731)
Cost of equity securities acquired (70,841) (69,255)
Change in short-term investments (248,749) 95,352
Payments for purchase of businesses, net of cash received (2,579) (8,214)
Other, net (2,224) (344)
Cash provided (used) by investing activities (109,892) 14,980
Financing activities    
Advances on line of credit 100,000 50,000
Payments on line of credit (30,000) (15,000)
Sale of common stock 8,428 6,919
Purchase of common stock (30,774) (34,426)
Dividends paid (22,575) (16,674)
Other, net 3,572 (3,609)
Cash provided (used) by financing activities 28,651 (12,790)
Net increase in cash 14,223 4,287
Cash at beginning of year 58,301 71,390
Cash at end of period $ 72,524 $ 75,677