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Unaudited Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Operating activities    
Net income (loss) $ (9,508) $ 1,847
Adjustments to reconcile net income to net cash provided by operating activities 69,878 53,388
Net cash provided by operating activities 60,370 55,235
Investing activities:    
Purchases of fixed maturities and equity securities (330,217) (305,130)
Purchases of limited partnership interests (450) (897)
Distributions from limited partnerships 369 16,313
Proceeds from maturities 46,620 84,170
Proceeds from sales of fixed maturities 181,867 141,574
Proceeds from sales of equity securities 117,692 32,233
Net sales of short-term investments 0 500
Purchase of insurance company-owned life insurance (10,000) 0
Purchases of property and equipment (4,360) (5,405)
Proceeds from disposals of property and equipment 8 580
Net cash provided by (used in) investing activities 1,529 (36,062)
Financing activities:    
Dividends paid to shareholders (12,652) (12,250)
Repurchase of common shares (2,620) (1,880)
Net cash used in financing activities (15,272) (14,130)
Effect of foreign exchange rates on cash and cash equivalents (209) 510
Increase in cash, cash equivalents and restricted cash 46,418 5,553
Cash, cash equivalents and restricted cash at beginning of period 68,713 62,976
Cash, cash equivalents and restricted cash at end of period $ 115,131 $ 68,529