| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 |
|---|---|---|---|---|---|---|---|---|---|---|---|
Special dividend paid in September 2019 | |||||||||||
303,400 | - | - | - | - | - | - | - | - | - | - | - |
Special dividend declared in December 2017 and paid in January 2018 | |||||||||||
- | 269,200 | - | - | - | - | - | - | - | - | - | - |
Cash flows from operating activities: | |||||||||||
Net income (loss) | |||||||||||
1,056,400 | 370,500 | 560,500 | 466,900 | 422,100 | 409,700 | 447,800 | -68,600 | -140,500 | 30,100 | -99,100 | -558,300 |
Adjustments to reconcile net income (loss) to | |||||||||||
Deferred policy acquisition costs | |||||||||||
8,900 | 18,400 | 23,300 | 18,300 | 24,100 | 39,000 | 27,900 | -32,500 | -32,700 | -20,800 | -18,000 | 20,300 |
Premiums and other receivables | |||||||||||
-32,500 | 29,300 | 79,300 | 59,200 | 22,600 | 97,200 | 55,900 | 105,600 | 16,100 | -81,100 | -18,500 | 73,500 |
Unpaid claims and related items | |||||||||||
-214,600 | -148,400 | 123,700 | -31,400 | -214,400 | 480,600 | -141,200 | -578,200 | -9,300 | 372,700 | -583,000 | 769,500 |
Unearned premiums and other policyholders' liabilities | |||||||||||
32,200 | 95,100 | 152,700 | 77,600 | 69,600 | 104,400 | 102,900 | 52,700 | 23,100 | -76,500 | -77,000 | -36,500 |
Income taxes | |||||||||||
-37,200 | 69,500 | -49,500 | -40,600 | -13,400 | -132,700 | -103,700 | 60,700 | 88,500 | 17,500 | 199,900 | -315,100 |
Prepaid federal income taxes | |||||||||||
-129,800 | 15,500 | 31,800 | 19,100 | 17,500 | 45,700 | 0 | -1,000 | -101,900 | -118,500 | -241,900 | 73,100 |
Reinsurance balances and funds | |||||||||||
9,700 | -13,500 | -25,300 | -33,100 | -27,300 | -70,600 | -55,500 | -51,700 | 12,400 | 48,500 | 32,900 | -7,000 |
Realized from actual transactions and impairments | |||||||||||
36,600 | 58,200 | 211,600 | 72,800 | 91,300 | 272,300 | 148,100 | 47,800 | 115,500 | 109,100 | 6,300 | -486,400 |
Unrealized from changes in fair value of equity securities | |||||||||||
599,500 | -293,800 | 0 | 0 | - | - | - | - | - | - | - | - |
Accounts payable, accrued expenses and other | |||||||||||
88,000 | 30,000 | 134,500 | 157,000 | 96,800 | 36,100 | 67,300 | 98,600 | 111,200 | 91,500 | 87,000 | 59,600 |
Total | |||||||||||
936,200 | 760,500 | 452,800 | 637,300 | 688,200 | -181,200 | 686,700 | 532,000 | -94,900 | -282,200 | 532,900 | 565,600 |
Cash flows from investing activities: | |||||||||||
Fixed maturity securities: | |||||||||||
Debt Securities, Available-for-sale [Abstract] | |||||||||||
Maturities and early calls | |||||||||||
779,000 | 964,000 | 1,000,600 | 967,900 | 764,100 | 854,200 | 1,387,400 | 1,080,300 | 926,800 | 882,000 | 1,047,600 | 853,300 |
Sales | |||||||||||
663,100 | 299,100 | 468,400 | 306,200 | 259,500 | 847,500 | 194,800 | 406,100 | 1,769,500 | 1,055,500 | 153,900 | 94,200 |
Sales of: | |||||||||||
Equity securities | |||||||||||
809,900 | 402,600 | 698,500 | 419,100 | 462,400 | 617,000 | 172,500 | 71,100 | 86,600 | 116,600 | 24,900 | 90,000 |
Other - net | |||||||||||
33,000 | 19,400 | 30,000 | 56,600 | 32,800 | 17,400 | 29,300 | 28,300 | 31,200 | 7,500 | 5,600 | 44,200 |
Cash balances of subsidiaries acquired | |||||||||||
- | - | - | - | - | - | - | - | - | 17,800 | 2,400 | 0 |
Sale of a business | |||||||||||
- | - | - | - | - | - | - | -5,800 | 0 | 0 | - | - |
Purchases of: | |||||||||||
Available for sale | |||||||||||
1,702,100 | 1,421,900 | 1,607,200 | 1,166,200 | 1,023,000 | 1,373,200 | 2,120,800 | 1,598,300 | 2,409,600 | 1,556,600 | 1,727,400 | 1,124,600 |
Held to maturity | |||||||||||
0 | 0 | 114,500 | 632,100 | 357,900 | 0 | 0 | - | - | - | - | - |
Equity securities | |||||||||||
815,600 | 752,500 | 727,200 | 928,400 | 486,900 | 1,466,600 | 209,500 | 169,800 | 65,000 | 129,400 | 0 | 111,200 |
Other - net | |||||||||||
60,900 | 51,600 | 54,300 | 47,500 | 46,600 | 47,600 | 44,600 | 37,800 | 50,800 | 33,400 | 19,600 | 30,900 |
Purchase of a business | |||||||||||
1,200 | 13,100 | 0 | 0 | - | 2,800 | 5,100 | 0 | 0 | - | 6,000 | 4,300 |
Net decrease (increase) in short-term investments | |||||||||||
129,700 | -314,200 | -11,800 | 12,100 | 55,500 | -513,000 | -139,100 | -211,500 | 476,000 | -140,000 | -62,300 | 427,200 |
Other - net | |||||||||||
0 | -100 | 100 | 0 | -1,300 | 2,200 | 400 | 1,000 | 0 | 0 | 8,400 | -9,100 |
Total | |||||||||||
-424,600 | -239,500 | -293,900 | -1,036,400 | -449,800 | -43,300 | -457,600 | -3,700 | -187,100 | 499,800 | -464,500 | -607,300 |
Cash flows from financing activities: | |||||||||||
Proceeds from Other Debt | |||||||||||
- | - | - | 576,800 | 0 | 394,400 | 0 | 0 | 537,000 | 215,000 | 576,200 | 280,000 |
Issuance of common shares | |||||||||||
13,800 | 13,100 | 17,800 | 8,400 | 12,000 | 5,700 | 11,800 | 1,000 | 1,200 | 3,200 | 1,400 | 86,100 |
Redemption of debentures and notes | |||||||||||
8,400 | 4,700 | 3,900 | 3,500 | 3,300 | 4,200 | 3,600 | 339,800 | 112,100 | 218,900 | 472,800 | 110,900 |
Origination of Loans to Employee Stock Ownership Plans | |||||||||||
0 | 50,000 | 0 | 0 | 34,000 | 0 | 0 | - | - | - | - | - |
Issue Unallocated Essop Shares | |||||||||||
- | - | - | - | - | - | - | - | - | - | - | -50,000 |
Dividends on common shares | |||||||||||
538,700 | 498,800 | 198,800 | 193,800 | 191,300 | 188,300 | 184,800 | 181,500 | 178,400 | 166,100 | 160,000 | 155,200 |
Purchase of treasury shares | |||||||||||
- | - | - | - | - | - | - | - | - | - | - | 0 |
Other - net | |||||||||||
200 | -6,000 | 6,400 | -2,800 | 1,300 | 400 | -300 | 200 | 100 | -700 | 0 | 1,600 |
Total | |||||||||||
-533,100 | -546,500 | -178,500 | 385,000 | -215,200 | 207,900 | -176,900 | -520,000 | 247,800 | -167,600 | -55,100 | 51,500 |
Increase (decrease) in cash | |||||||||||
-21,400 | -25,600 | -19,700 | -14,100 | 23,000 | -16,600 | 52,000 | 8,100 | -34,200 | 50,000 | 13,300 | 9,900 |
Supplemental cash flow information: | |||||||||||
Cash paid (received) during the period for: Interest | |||||||||||
42,100 | 50,800 | 62,500 | 40,900 | 40,800 | 21,200 | 21,300 | 35,000 | 42,000 | 28,400 | 17,000 | 3,800 |
Cash paid (received) during the period for: Income taxes | |||||||||||
229,400 | 137,200 | 106,300 | 178,600 | 198,500 | 67,300 | 122,300 | 1,600 | -6,900 | 15,500 | 24,300 | 53,800 |
Non-cash transaction: Purchase consideration for PMA merger | |||||||||||
- | - | - | - | - | - | - | - | - | 247,200 | 0 | 0 |