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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Cash flows from operating activities    
Net cash provided by (used in) operating activities $ 189,249 $ 176,850
Proceeds from sales of:    
Fixed-maturities available for sale 230,081 193,967
Trading securities 9,122 0
Equity securities 45,295 5,770
Proceeds from redemptions of:    
Fixed-maturities available for sale 250,764 477,664
Trading securities 1,310 45,521
Purchases of:    
Fixed-maturities available for sale (581,433) (906,025)
Equity securities (4,426) (9,112)
Sales, redemptions and (purchases) of:    
Short-term investments, net (30,438) 213,095
Other assets and other invested assets, net (195) (791)
Additions to property and equipment (10,113) (7,485)
Net cash provided by (used in) investing activities (90,033) 12,604
Cash flows from financing activities    
Dividends and dividend equivalents paid (75,201) (71,288)
Issuance of common stock 1,514 569
Repurchases of common stock (20,009) (186,908)
Credit facility commitment fees paid (474) (380)
Change in secured borrowings, net (with terms three months or less) (12,635) 46,605
Proceeds from secured borrowings (with terms greater than three months) 54,580 13,151
Repayments of secured borrowings (with terms greater than three months) (41,092) (8,000)
Net cash provided by (used in) financing activities (93,317) (206,251)
Increase (decrease) in cash and restricted cash 5,899 (16,797)
Cash and restricted cash, beginning of period 56,560 152,620
Cash and restricted cash, end of period $ 62,459 $ 135,823