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Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 219,117 $ 17,573
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 31,164 28,572
Net realized investment (gains) losses (164,403) 44,445
Increase in premiums receivable (37,693) (53,220)
Decrease in reinsurance recoverables 94,517 8,512
Changes in current and deferred income taxes 49,667 (4,723)
Increase in deferred policy acquisition costs (12,036) (11,124)
(Decrease) increase in loss and loss adjustment expense reserves (45,488) 39,237
Increase in unearned premiums 78,814 88,839
Increase in accounts payable and accrued expenses 32,560 25,546
Share-based compensation 52 63
Other, net 19,352 355
Net cash provided by operating activities 265,623 184,075
Fixed maturity securities available for sale in nature:    
Purchases (294,561) (393,898)
Sales 53,969 118,477
Calls or maturities 138,846 155,614
Equity securities available for sale in nature:    
Purchases (554,130) (497,459)
Sales 508,365 417,663
Changes in securities payable and receivable 2,450 12,263
(Increase) decrease in short-term investments (108,370) 31,789
Purchases of fixed assets (20,874) (13,148)
Other, net 3,580 6,127
Net cash used in investing activities (270,725) (162,572)
CASH FLOWS FROM FINANCING ACTIVITIES    
Dividends paid to shareholders (69,460) (69,165)
Proceeds from stock options exercised 591 0
Net cash used in financing activities (68,869) (69,165)
Net decrease in cash (73,971) (47,662)
Cash:    
Beginning of the year 314,291 291,413
End of period 240,320 243,751
SUPPLEMENTAL CASH FLOW DISCLOSURE    
Interest paid 8,297 8,250
Income taxes (refunded) paid, net $ (22) $ 697