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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) - USD ($) $ in Thousands | 6 Months Ended
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Jun. 30, 2017 | Jun. 30, 2016
Cash flows from operating activities: |  |
Net cash provided by (used in) operating activities | $ 140,965 | $ 152,639
Cash flows from investing activities: |  |
Proceeds from sale of property and equipment | 15 |
Purchases of property and equipment | (2,757) | (3,637)
Purchases of equity securities | (13,275) | (35,267)
Purchases of fixed maturities | (67,517) | (241,613)
Purchases of investment real estate, net | (3,759) | (2,074)
Proceeds from sales of equity securities | 56,971 | 43,766
Proceeds from sales of fixed maturities | 6,507 | 73,907
Maturities of fixed maturities | 39,144 | 22,479
Maturities of short-term investments | 5,000 | 25,000
Net cash provided by (used in) investing activities | 20,329 | (117,439)
Cash flows from financing activities: |  |
Preferred stock dividend | (5) | (5)
Common stock dividend | (9,803) | (4,915)
Purchase of treasury stock | (8,919) | (6,927)
Sale of treasury stock |  | 2,965
Payments related to tax withholding for share-based compensation | (1,367) | (4,831)
Excess tax benefits (shortfall) from share-based compensation |  | (1,818)
Repayment of debt | (1,435) | (1,400)
Net cash provided by (used in) financing activities | (21,529) | (16,931)
Net increase (decrease) in cash and cash equivalents | 139,765 | 18,269
Cash and cash equivalents at beginning of period | 105,730 | 197,014
Cash and cash equivalents at end of period | $ 245,495 | $ 215,283

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- Definition Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes 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. Excludes cash and cash equivalents within disposal group and discontinued operation. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section 45 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=82887183&loc=d3e6676-107765 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=98514028&loc=d3e3044-108585 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.1) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 + Details
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- Definition Amount of increase (decrease) in cash and cash equivalents. Cash and cash equivalents are the amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes 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. Includes effect from exchange rate changes. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 24 -URI http://asc.fasb.org/extlink&oid=98514028&loc=d3e3521-108585 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 830 -SubTopic 230 -Section 45 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=98513438&loc=d3e33268-110906 + Details
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- Definition Amount of cash inflow (outflow) of investing activities, excluding discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=98514028&loc=d3e3574-108585 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 24 -URI http://asc.fasb.org/extlink&oid=98514028&loc=d3e3521-108585 + Details
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