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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands | 6 Months Ended
--- | ---
Jun. 30, 2022 | Jun. 30, 2021
Cash flows from operating activities |  |
Net cash provided by (used in) operating activities | $ 176,850 | $ 275,896
Cash flows from investing activities |  |
Fixed-maturities available for sale | 193,967 | 329,072
Trading securities | 0 | 7,952
Equity securities | 5,770 | 4,440
Fixed-maturities available for sale | 477,664 | 619,265
Trading securities | 45,521 | 10,606
Fixed-maturities available for sale | (906,025) | (944,618)
Equity securities | (9,112) | (61,235)
Short-term investments, net | 213,095 | (41,925)
Other assets and other invested assets, net | (791) | 5,043
Additions to property and equipment | (7,485) | (4,993)
Net cash provided by (used in) investing activities | 12,604 | (76,393)
Cash flows from financing activities |  |
Dividends and dividend equivalents paid | (71,288) | (52,036)
Issuance of common stock | 569 | 1,112
Repurchases of common stock | (186,908) | (98,695)
Credit facility commitment fees paid | (380) | (471)
Change in secured borrowings, net (with terms three months or less) | 46,605 | 4,348
Proceeds from secured borrowings (with terms greater than three months) | 13,151 | 32,000
Repayments of secured borrowings (with terms greater than three months) | (8,000) | (42,000)
Net cash provided by (used in) financing activities | (206,251) | (155,742)
Increase (decrease) in cash and restricted cash | (16,797) | 43,761
Cash and restricted cash, beginning of period | 152,620 | 94,146
Cash and restricted cash, end of period | $ 135,823 | $ 137,907

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- Definition Amount of cash and cash equivalents, and cash and cash equivalents restricted to withdrawal or usage. Excludes amount for disposal group and discontinued operations. Cash includes, but is not limited to, currency on hand, demand deposits with banks or financial institutions, and other accounts with general characteristics of demand deposits. Cash equivalents include, but are not limited to, short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 24 -URI https://asc.fasb.org/extlink&oid=126954810&loc=d3e3521-108585 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 4 -URI https://asc.fasb.org/extlink&oid=126954810&loc=d3e3044-108585 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 50 -Paragraph 8 -URI https://asc.fasb.org/extlink&oid=126999549&loc=SL98516268-108586 + Details
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- Definition Amount of increase (decrease) in cash, cash equivalents, and cash and cash equivalents restricted to withdrawal or usage; including effect from exchange rate change. Cash includes, but is not limited to, currency on hand, demand deposits with banks or financial institutions, and other accounts with general characteristics of demand deposits. Cash equivalents include, but are not limited to, short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 830 -SubTopic 230 -Section 45 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=123444420&loc=d3e33268-110906 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 24 -URI https://asc.fasb.org/extlink&oid=126954810&loc=d3e3521-108585 + Details
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- Definition Amount of cash inflow (outflow) from investing activities, including discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 24 -URI https://asc.fasb.org/extlink&oid=126954810&loc=d3e3521-108585 + Details
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