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Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Operating activities    
Net earnings $ 205,047 $ 194,012
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Change in premium, claims and other receivables (109,043) (99,897)
Change in reinsurance recoverables 96,770 (17,018)
Change in ceded unearned premium (35,485) (35,032)
Change in loss and loss adjustment expense payable (57,118) 52,026
Change in unearned premium 138,248 119,759
Change in reinsurance, premium and claims payable 55,764 43,237
Change in accounts payable and accrued liabilities (69,414) (119,103)
Stock-based compensation expense 10,303 6,955
Depreciation and amortization expense 8,289 9,093
Gain on investments (25,151) (13,193)
Other, net (22,924) (38,849)
Cash provided by operating activities 195,286 101,990
Investing activities    
Sales of available for sale fixed maturity securities 286,843 171,801
Sales of equity securities 170,182 44,308
Sales of other investments 0 23,719
Maturity or call of available for sale fixed maturity securities 269,468 375,924
Cost of available for sale fixed maturity securities acquired (675,945) (756,782)
Cost of equity securities acquired (78,817) (114,685)
Change in short-term investments (168,241) 145,977
Payments for purchase of businesses (2,579) (8,214)
Proceeds from sale of subsidiaries 12,942 507
Other, net (3,902) (2,698)
Cash provided (used) by investing activities (190,049) (120,143)
Financing activities    
Advances on line of credit 140,000 70,000
Payments on line of credit (60,000) (15,000)
Sale of common stock 11,709 7,408
Purchase of common stock (41,542) (46,586)
Dividends paid (45,076) (33,250)
Other, net 2,278 3,544
Cash provided (used) by financing activities 7,369 (13,884)
Net increase (decrease) in cash 12,606 (32,037)
Cash at beginning of year 58,301 71,390
Cash at end of period $ 70,907 $ 39,353