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Condensed Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Cash flows used in operating activities $ (567,642) $ (441,769)
Cash flows from investing activities:    
Proceeds from sales of fixed-maturity investments available for sale 19,124 54,456
Proceeds from sales of equity securities available for sale 0 31,235
Proceeds from sales of trading securities 1,155,310 5,008,003
Proceeds from redemptions of fixed-maturity investments available for sale 7,721 4,459
Proceeds from redemptions of fixed-maturity investments held to maturity 255 1,505
Proceeds from redemptions of equity securities available for sale 10,503 0
Purchases of fixed-maturity investments available for sale (80,758) 0
Purchases of trading securities (507,034) (4,933,850)
(Purchases)/sales and redemptions of short-term investments, net (646,098) 481,673
Sales (purchases) of other invested assets, net 15,311 (73,684)
Proceeds from the sale of investment in affiliate 0 14,700
(Purchases)/sales of property and equipment, net (3,677) 118
Net cash (used in) provided by investing activities (29,343) 588,615
Cash flows from financing activities:    
Dividends paid (1,200) (1,001)
Proceeds/payments related to issuance or exchange of debt, net 381,165 0
Redemption of long-term debt (79,372) (153,261)
Issuance of common stock 299,410 0
Excess tax benefits from stock-based awards 752 0
Net cash provided by (used in) financing activities 600,755 (154,262)
Effect of exchange rate changes on cash 0 (11)
Increase (decrease) in cash 3,770 (7,427)
Cash, beginning of period 31,555 35,589
Cash, end of period 35,325 28,162
Supplemental disclosures of cash flow information:    
Income taxes paid 2,414 1,530
Interest paid $ 18,172 $ 24,531