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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Cash flows from operating activities    
Net income $ 456,149 $ 460,426
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Net (gains) losses on investments and other financial instruments 1,823 3,206
Net (gains) losses on consolidated VIE assets and liabilities (265) 0
Purchases of residential mortgage loans held for sale (1,143,220) (187,163)
Proceeds from sales of residential mortgage loans held for sale 273,848 36,677
Principal payments from residential mortgage loans held for sale 19,989 13,870
Loss on extinguishment of debt 4,275 0
Amortization of other acquired intangible assets 0 4,112
Depreciation, other amortization, and other impairments, net 53,025 43,476
Deferred income tax provision 122,056 123,565
Change in:    
Accrued investment income (5,877) (5,530)
Accounts and notes receivable (11,697) (24,888)
Reinsurance recoverable (8,106) 1,484
Deferred policy acquisition costs 288 (357)
Prepaid federal income tax (120,016) (100,452)
Other assets 11,115 37,841
Unearned premiums (27,389) (35,078)
Reserve for losses and LAE (6,923) (59,275)
Reinsurance funds withheld 8,246 4,047
Other liabilities (21,478) (51,485)
Net cash provided by (used in) operating activities (394,157) 264,476
Proceeds from sales of:    
Fixed-maturities available for sale 391,612 266,206
Trading securities 0 9,123
Equity securities 28,503 46,136
Proceeds from redemptions of:    
Fixed-maturities available for sale 648,451 384,262
Trading securities 16,929 1,538
Purchases of:    
Fixed-maturities available for sale (1,019,843) (796,087)
Equity securities (21,976) (5,711)
Sales, redemptions and (purchases) of:    
Short-term investments, net 241,802 (77,572)
Other assets and other invested assets, net 1,274 (2,945)
Principal payments from securitized residential mortgage loans held for investment 8,508 0
Additions to property and equipment (2,831) (14,395)
Net cash provided by (used in) investing activities 292,429 (189,445)
Cash flows from financing activities    
Dividends and dividend equivalents paid (115,227) (111,029)
Issuance of common stock 928 1,533
Repurchases of common stock (149,043) (70,028)
Issuance of senior notes 616,745 0
Redemption of senior notes (977,079) 0
Issuance of securitized nonrecourse debt 344,514 0
Repayments of securitized nonrecourse debt (8,508) 0
Proceeds (repayments) related to cash collateral for loaned securities, net (32,459) 19,462
Proceeds from secured borrowings 1,654,037 389,408
Repayments of secured borrowings (1,221,597) (303,477)
Credit facility commitment fees paid (573) (666)
Net cash provided by (used in) financing activities 111,738 (74,797)
Increase (decrease) in cash and restricted cash 10,010 234
Cash and restricted cash, beginning of period 20,065 56,560
Cash and restricted cash, end of period 30,075 56,794
Noncash Investing and Financing Items [Abstract]    
Transfer from residential mortgage loans held for sale to securitized residential mortgage loans held for investment 350,875 0
Retention of mortgage servicing rights from residential mortgage loan sales 2,189 0
Operating lease right-of-use assets obtained in exchange for operating lease liabilities $ 1,242 $ 0