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Unaudited Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Operating activities    
Net income (loss) $ 12,938 $ (22,156)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities 7,973 20,844
Net cash provided by (used in) operating activities 20,911 (1,312)
Investing activities    
Purchases of fixed income and equity securities (92,719) (82,641)
Distributions from limited partnerships 186 14,636
Proceeds from maturities of fixed income securities 64,453 31,088
Proceeds from sales of fixed income securities 44,427 48,552
Proceeds from sales of equity securities 2,064 5,480
Purchase of commercial mortgage loans (319) (368)
Proceeds from commercial mortgage loans 54 72
Purchases of property and equipment (1,046) (369)
Net cash provided by investing activities 17,100 16,450
Financing activities    
Dividends paid to shareholders (1,424) (1,426)
Repurchase of common shock 0 (1,782)
Net cash used in financing activities (1,424) (3,208)
Effect of foreign exchange rates on cash and cash equivalents 88 (687)
Increase in cash, cash equivalents and restricted cash and cash equivalents 36,675 11,243
Cash, cash equivalents and restricted cash and cash equivalents at beginning of period 70,429 88,888
Cash, cash equivalents and restricted cash and cash equivalents at end of period $ 107,104 $ 100,131