XML 148 R7.htm IDEA: XBRL DOCUMENT v2.4.0.8
Condensed Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Thousands, unless otherwise specified
6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Cash flows used in operating activities $ (291,570) $ (361,899)
Cash flows from investing activities:    
Proceeds from sales of fixed-maturity investments available for sale 16,049 44,935
Proceeds from sales of equity securities available for sale 0 30,727
Proceeds from sales of trading securities 630,435 2,066,088
Proceeds from redemptions of fixed-maturity investments available for sale 2,415 3,738
Proceeds from redemptions of fixed-maturity investments held to maturity 255 250
Proceeds from redemptions of equity securities available for sale 10,503 0
Purchases of trading securities (429,001) (2,137,677)
(Purchases)/sales and redemptions of short-term investments, net (554,429) 556,048
Sales (purchases) of other invested assets, net 15,210 (74,999)
Proceeds from the sale of investment in affiliate 0 14,700
Purchases of property and equipment, net (712) (452)
Net cash (used in) provided by investing activities (309,275) 503,358
Cash flows from financing activities:    
Dividends paid (767) (666)
Proceeds/payments related to issuance or exchange of debt, net 381,165 0
Redemption of long-term debt (79,372) (143,770)
Issuance of common stock 299,542 0
Excess tax benefits from stock-based awards 553 0
Net cash provided by (used in) financing activities 601,121 (144,436)
Effect of exchange rate changes on cash 0 5
Increase (decrease) in cash 276 (2,972)
Cash, beginning of period 31,555 35,589
Cash, end of period 31,831 32,617
Supplemental disclosures of cash flow information:    
Income taxes (received) paid 1,785 1,498
Interest paid $ 15,970 $ 21,820