XML 114 R97.htm IDEA: XBRL DOCUMENT v3.3.1.900
Schedule II - Condensed Financial Information of Registrant (Condensed Statements of Cash Flow) (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Condensed Cash Flow Statements, Captions [Line Items]      
Net cash provided (used) by operating activities $ 111,960 $ 96,002 $ 38,602
Purchases of:      
Equity securities trading (271,608) (119,865) (87,604)
Proceeds from sale or maturities of:      
Fixed maturities, available for sale 886,886 703,828 970,708
Equity securities trading 236,476 134,005 123,645
Net decrease (increase) in short-term investments 11,932 140,411 (176,092)
(Increase) decrease in restricted cash 0 78,000 (78,000)
Funds at Lloyd's in support of Syndicate 1729, returned (deposited) 0 8,690 (8,699)
Other (2,505) (1,507) (4,062)
Net cash provided (used) by investing activities 227,787 266,980 (67,803)
Financing Activities      
Principal repayment of debt 0 0 (127,183)
Repurchase of common stock (172,772) (222,360) (29,089)
Excess of tax benefit from share-based payment arrangements 494 2,702 2,128
Dividends to shareholders (217,626) (71,252) (46,375)
Other (5,783) (4,415) (9,448)
Net cash provided (used) by financing activities (295,687) (295,325) 40,033
Increase (decrease) in cash and cash equivalents 44,060 67,657 10,832
Cash and cash equivalents at beginning of period 197,040 129,383 118,551
Cash and cash equivalents at end of period 241,100 197,040 129,383
Supplemental Disclosure of Cash Flow Information      
Cash paid during the year for income taxes, net of refunds 42,784 22,968 117,107
Cash paid during the year for interest 13,996 13,408 913
Significant non-cash transactions:      
Dividends declared and not yet paid 69,447 167,744 18,532
Parent Company [Member]      
Condensed Cash Flow Statements, Captions [Line Items]      
Net cash provided (used) by operating activities (14,411) 20,086 (24,654)
Purchases of:      
Equity securities trading 0 (310) (1,265)
Proceeds from sale or maturities of:      
Fixed maturities, available for sale 200,245 104,844 224,993
Equity securities trading 0 12,813 1,113
Net decrease (increase) in short-term investments 26,074 149,202 (187,625)
Dividends from subsidiaries 107,870 67,188 239,484
Contribution of capital to subsidiaries 0 (7,000) 0
Cash paid for acquisitions, net of cash received 0 0 (205,244)
(Increase) decrease in restricted cash 0 78,000 (78,000)
Funds at Lloyd's in support of Syndicate 1729, returned (deposited) (9,642) (76,553) (8,699)
Funds advanced under Syndicate 1729 credit agreement (3,083) (9,107) (1,665)
Other (289) 415 (20)
Net cash provided (used) by investing activities 321,175 319,492 (16,928)
Financing Activities      
Borrowing under revolving credit agreement 100,000 0 250,000
Principal repayment of debt 0 0 (125,000)
Repurchase of common stock (172,772) (222,360) (29,089)
Subsidiary payments for common shares and share-based compensation awarded to subsidiary employees 6,063 8,301 6,258
Excess of tax benefit from share-based payment arrangements 379 1,631 2,128
Dividends to shareholders (217,626) (70,490) (46,375)
Other (6,716) (6,919) (8,278)
Net cash provided (used) by financing activities (290,672) (289,837) 49,644
Increase (decrease) in cash and cash equivalents 16,092 49,741 8,062
Cash and cash equivalents at beginning of period 87,200 37,459 29,397
Cash and cash equivalents at end of period 103,292 87,200 37,459
Supplemental Disclosure of Cash Flow Information      
Cash paid during the year for income taxes, net of refunds 47,004 26,764 120,031
Cash paid during the year for interest 13,996 13,408 913
Significant non-cash transactions:      
Dividends declared and not yet paid 69,447 167,744 18,532
Securities transferred at fair value as dividends from subsidiaries 206,880 227,412 69,011
Non-cash capital contribution to subsidiaries $ 87,719 $ 0 $ 0