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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Cash flows from operating activities    
Net cash provided by (used in) operating activities $ 264,476 $ 282,148
Proceeds from sales of:    
Fixed-maturities available for sale 266,206 395,976
Trading securities 9,123 8,829
Equity securities 46,136 7,645
Proceeds from redemptions of:    
Fixed-maturities available for sale 384,262 663,255
Trading securities 1,538 78,462
Purchases of:    
Fixed-maturities available for sale (796,087) (1,238,636)
Equity securities (5,711) (23,225)
Sales, redemptions and (purchases) of:    
Short-term investments, net (77,572) 168,933
Other assets and other invested assets, net (2,945) (534)
Additions to property and equipment (14,395) (12,149)
Net cash provided by (used in) investing activities (189,445) 48,556
Cash flows from financing activities    
Dividends and dividend equivalents paid (111,029) (103,721)
Issuance of common stock 1,533 1,118
Repurchases of common stock (70,028) (387,111)
Credit facility commitment fees paid (666) (574)
Change in secured borrowings, net (with terms three months or less) 17,312 60,204
Proceeds from secured borrowings (with terms greater than three months) 175,366 26,568
Repayments of secured borrowings (with terms greater than three months) (87,285) (24,000)
Net cash provided by (used in) financing activities (74,797) (427,516)
Increase (decrease) in cash and restricted cash 234 (96,812)
Cash and restricted cash, beginning of period 56,560 152,620
Cash and restricted cash, end of period $ 56,794 $ 55,808