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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash flows from operating activities    
Net cash provided by (used in) operating activities $ 176,850 $ 275,896
Cash flows from investing activities    
Fixed-maturities available for sale 193,967 329,072
Trading securities 0 7,952
Equity securities 5,770 4,440
Fixed-maturities available for sale 477,664 619,265
Trading securities 45,521 10,606
Fixed-maturities available for sale (906,025) (944,618)
Equity securities (9,112) (61,235)
Short-term investments, net 213,095 (41,925)
Other assets and other invested assets, net (791) 5,043
Additions to property and equipment (7,485) (4,993)
Net cash provided by (used in) investing activities 12,604 (76,393)
Cash flows from financing activities    
Dividends and dividend equivalents paid (71,288) (52,036)
Issuance of common stock 569 1,112
Repurchases of common stock (186,908) (98,695)
Credit facility commitment fees paid (380) (471)
Change in secured borrowings, net (with terms three months or less) 46,605 4,348
Proceeds from secured borrowings (with terms greater than three months) 13,151 32,000
Repayments of secured borrowings (with terms greater than three months) (8,000) (42,000)
Net cash provided by (used in) financing activities (206,251) (155,742)
Increase (decrease) in cash and restricted cash (16,797) 43,761
Cash and restricted cash, beginning of period 152,620 94,146
Cash and restricted cash, end of period $ 135,823 $ 137,907