XML 129 R110.htm IDEA: XBRL DOCUMENT v3.22.4
Schedule II - Financial Information of Registrant - Parent Company Statement of Cash Flows (Details) - USD ($)
$ in Thousands
12 Months Ended
Feb. 09, 2022
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Cash flows from operating activities        
Net cash provided by (used in) operating activities   $ 388,298 $ 557,112 $ 658,434
Proceeds from sales of:        
Fixed-maturities available for sale   399,371 735,340 963,589
Trading securities   8,868 7,952 11,602
Proceeds from redemptions of:        
Fixed-maturities available for sale   789,929 1,225,626 645,068
Purchases of:        
Fixed-maturities available for sale   (1,414,966) (1,980,155) (2,449,762)
Equity securities   (24,637) (105,649) (85,014)
Sales, redemptions and (purchases) of:        
Short-term investments, net   150,694 68,083 (82,925)
Other assets and other invested assets, net   (6,887) 6,126 1,434
Net cash provided by (used in) investing activities   (5,175) (1,862) (883,180)
Cash flows from financing activities        
Dividends and dividend equivalents paid   (135,437) (103,298) (97,458)
Issuance of common stock   1,341 1,382 1,553
Repurchases of common stock $ (400,000) (400,195) (399,100) (226,305)
Issuance of senior notes, net   0 0 515,567
Credit facility commitment fees paid   (814) (3,325) (2,292)
Change in secured borrowings, net (with terms three months or less)   60,270 1,057 0
Net cash provided by (used in) financing activities   (479,183) (496,776) 222,618
Increase (decrease) in cash and restricted cash   (96,060) 58,474 (2,128)
Cash and restricted cash, beginning of period   152,620 94,146 96,274
Cash and restricted cash, end of period   56,560 152,620 94,146
Parent Company        
Cash flows from operating activities        
Net cash provided by (used in) operating activities   (71) 66,317 (13,741)
Proceeds from sales of:        
Fixed-maturities available for sale   56,934 195,452 304,737
Trading securities   8,868 0 0
Equity securities   0 0 13,401
Proceeds from redemptions of:        
Fixed-maturities available for sale   194,859 301,788 238,161
Purchases of:        
Fixed-maturities available for sale   (29,039) (156,344) (691,874)
Equity securities   (2,500) 0 0
Sales, redemptions and (purchases) of:        
Short-term investments, net   188,149 113,939 (53,024)
Other assets and other invested assets, net   (3,851) (864) (6,068)
Capital distributions from subsidiaries   32,512 44,951 19,000
Capital contributions to subsidiaries   (8,000) (43,250) (5,050)
Net cash provided by (used in) investing activities   437,932 455,672 (180,717)
Cash flows from financing activities        
Dividends and dividend equivalents paid   (135,437) (103,298) (97,458)
Issuance of common stock   1,341 1,382 1,553
Repurchases of common stock   (400,195) (399,100) (226,305)
Issuance of senior notes, net   0 0 515,567
Credit facility commitment fees paid   (814) (3,325) (2,292)
Net cash provided by (used in) financing activities   (474,835) (503,284) 191,065
Increase (decrease) in cash and restricted cash   (36,974) 18,705 (3,393)
Cash and restricted cash, beginning of period   38,846 20,141 23,534
Cash and restricted cash, end of period   1,872 38,846 20,141
Cash distributions received from consolidated subsidiaries   49,800 85,000 1,700
Dividends received from consolidated subsidiaries   $ 888,000 $ 92,300 $ 484,100