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Unaudited Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Operating activities    
Net income (loss) $ (7,508) $ 3,576
Adjustments to reconcile net income (loss) to net cash provided by operating activities 50,599 58,746
Net cash provided by operating activities 43,091 62,322
Investing activities    
Purchases of fixed income and equity securities (271,741) (342,299)
Distributions from limited partnerships 14,636 33,395
Proceeds from maturities 95,454 64,536
Proceeds from sales of fixed income securities 89,746 118,725
Proceeds from sales of equity securities 47,171 19,408
Purchase of commercial mortgage loans (410) (2,746)
Proceeds from commercial mortgage loans 909 0
Purchases of property and equipment (838) (1,659)
Proceeds from disposals of property and equipment 0 4
Net cash used in investing activities (25,073) (110,636)
Financing activities    
Dividends paid to shareholders (4,275) (4,429)
Repurchase of common shares (1,782) (10,283)
Net cash used in financing activities (6,057) (14,712)
Effect of foreign exchange rates on cash and cash equivalents (307) 402
Increase (decrease) in cash, cash equivalents and restricted cash and cash equivalents 11,654 (62,624)
Cash, cash equivalents and restricted cash and cash equivalents at beginning of period 88,888 170,811
Cash, cash equivalents and restricted cash and cash equivalents at end of period $ 100,542 $ 108,187