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v3.23.1

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands | 3 Months Ended
--- | ---
Mar. 31, 2023 | Mar. 31, 2022
Cash flows from operating activities |  |
Net cash provided by (used in) operating activities | $ 116,778 | $ 116,675
Proceeds from sales of: |  |
Fixed-maturities available for sale | 110,882 | 128,072
Trading securities | 9,123 | 0
Equity securities | 2,076 | 4,535
Proceeds from redemptions of: |  |
Fixed-maturities available for sale | 110,973 | 223,937
Trading securities | 211 | 25,547
Purchases of: |  |
Fixed-maturities available for sale | (300,474) | (514,582)
Equity securities | (1,572) | (5,382)
Sales, redemptions and (purchases) of: |  |
Short-term investments, net | 43,190 | 70,153
Other assets and other invested assets, net | (165) | 0
Additions to property and equipment | (4,786) | (4,075)
Net cash provided by (used in) investing activities | (30,542) | (71,795)
Cash flows from financing activities |  |
Dividends and dividend equivalents paid | (35,685) | (35,354)
Issuance of common stock | 983 | 331
Repurchases of common stock | (15,007) | (18,988)
Credit facility commitment fees paid | (193) | (189)
Change in secured borrowings, net (with terms three months or less) | (52,120) | (7,796)
Proceeds from secured borrowings (with terms greater than three months) | 10,569 | 3,000
Repayments of secured borrowings (with terms greater than three months) | (599) | (5,000)
Net cash provided by (used in) financing activities | (92,052) | (63,996)
Increase (decrease) in cash and restricted cash | (5,816) | (19,116)
Cash and restricted cash, beginning of period | 56,560 | 152,620
Cash and restricted cash, end of period | $ 50,744 | $ 133,504

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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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