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Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (86,831) $ (407,599)
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 35,917 45,699
Net realized investment (gains) losses (29,229) 437,024
Net (gains) losses on sales of fixed assets (5,855) 85
Increase in premiums receivable (19,107) (17,532)
(Increase) decrease in reinsurance recoverables (1,643) 17,293
Changes in current and deferred income taxes (36,747) (116,992)
Increase in deferred policy acquisition costs (11,786) (15,274)
Increase in loss and loss adjustment expense reserves 135,097 160,392
Increase in unearned premiums 86,751 78,141
Increase (decrease) in accounts payable and accrued expenses 14,499 (1,756)
Other, net 24,296 15,425
Net cash provided by operating activities 105,362 194,906
Fixed maturity securities available for sale in nature:    
Purchases (255,888) (777,936)
Sales 118,121 365,827
Calls or maturities 124,542 266,801
Equity securities available for sale in nature:    
Purchases (628,971) (484,172)
Sales 668,730 504,912
Changes in securities payable and receivable (29,195) 2,694
Increase in short-term investments (63,238) (32,711)
Purchases of fixed assets (19,063) (17,072)
Sales of fixed assets 29,871 3
Other, net 3,478 2,451
Net cash used in investing activities (51,613) (169,203)
CASH FLOWS FROM FINANCING ACTIVITIES    
Dividends paid to shareholders (35,160) (70,321)
Payments on finance lease obligations (642) (937)
Proceeds from bank borrowing 50,000 0
Net cash provided by (used in) financing activities 14,198 (71,258)
Net increase (decrease) in cash 67,947 (45,555)
Cash:    
Beginning of the year 289,776 335,557
End of period 357,723 290,002
SUPPLEMENTAL CASH FLOW DISCLOSURE    
Interest paid 8,409 8,325
Income taxes (refunded) paid, net $ (65) $ 175