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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Cash flows from operating activities    
Net cash provided by (used in) operating activities $ 51,044 $ 116,778
Proceeds from sales of:    
Fixed-maturities available for sale 130,248 110,882
Trading securities 0 9,123
Equity securities 840 2,076
Proceeds from redemptions of:    
Fixed-maturities available for sale 164,685 110,973
Trading securities 704 211
Purchases of:    
Fixed-maturities available for sale (328,174) (300,474)
Equity securities (816) (1,572)
Sales, redemptions and (purchases) of:    
Short-term investments, net (39,147) 43,190
Other assets and other invested assets, net (180) (165)
Additions to property and equipment (1,558) (4,786)
Net cash provided by (used in) investing activities (73,398) (30,542)
Cash flows from financing activities    
Dividends and dividend equivalents paid (37,563) (35,685)
Issuance of common stock 460 983
Repurchases of common stock (50,018) (15,007)
Issuance of senior notes, net 617,164 0
Redemption of senior notes (527,079) 0
Change in secured borrowings, net (with terms three months or less) (68,832) (52,120)
Proceeds from secured borrowings (with terms greater than three months) 145,977 10,569
Repayments of secured borrowings (with terms greater than three months) (48,853) (599)
Credit facility commitment fees paid (142) (193)
Net cash provided by (used in) financing activities 31,114 (92,052)
Increase (decrease) in cash and restricted cash 8,760 (5,816)
Cash and restricted cash, beginning of period 20,065 56,560
Cash and restricted cash, end of period $ 28,825 $ 50,744