| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 |
|---|---|---|---|---|---|---|---|---|---|---|
Cash flows from operating activities: | ||||||||||
Net (loss) income | ||||||||||
87,400 | 12,800 | -17,800 | 19,200 | 51,200 | 107,400 | 60,800 | 10,700 | -160,700 | 24,400 | 10,200 |
Adjustments to reconcile net income to net cash (used in) provided by operating activities: | ||||||||||
Depreciation and amortization, net | ||||||||||
9,400 | 8,900 | 12,500 | 14,600 | 15,700 | 11,700 | 13,500 | 7,100 | 5,300 | 8,800 | 11,800 |
Share-based compensation | ||||||||||
6,100 | 11,100 | 4,200 | 3,700 | 4,500 | 3,600 | 4,100 | 3,500 | 3,200 | 3,700 | 3,700 |
Net investment loss (gain) | ||||||||||
74,200 | -49,700 | 65,100 | 36,500 | 24,300 | 20,700 | 23,200 | 29,000 | 37,000 | 14,900 | -5,200 |
Changes in operating assets and liabilities: | ||||||||||
Deferred policy acquisition costs | ||||||||||
9,200 | -8,400 | -11,500 | 1,400 | 2,600 | 29,700 | 5,100 | 0 | -7,900 | 23,100 | 5,000 |
Accrued investment income and other assets | ||||||||||
-700 | -3,900 | -3,500 | 4,500 | 2,400 | -200 | 2,300 | 1,400 | -800 | -2,300 | -4,700 |
Postretirement and pension benefits | ||||||||||
-14,500 | -16,900 | -14,800 | -48,000 | -6,000 | -7,300 | -5,300 | -4,600 | -9,900 | 5,600 | 1,800 |
Other liabilities and due to/from affiliates, net | ||||||||||
44,900 | -47,600 | -11,300 | -33,700 | 39,900 | 50,800 | 900 | 9,800 | -97,600 | -1,200 | -18,200 |
Reinsurance recoverable on losses and loss expenses payable and prepaid reinsurance premiums | ||||||||||
9,000 | 2,600 | -200 | -3,000 | -3,000 | 1,900 | -3,600 | -16,000 | 7,000 | -1,500 | -300 |
Losses and loss expenses payable | ||||||||||
-80,300 | -108,800 | 74,000 | 128,600 | 69,800 | 23,300 | 17,700 | 35,100 | 93,000 | 56,800 | 49,000 |
Unearned premiums | ||||||||||
65,000 | -27,600 | -6,000 | 1,500 | 3,900 | 121,400 | 9,400 | 11,400 | -70,200 | 67,600 | 31,900 |
Excess Tax Benefit from Share-based Compensation, Operating Activities | ||||||||||
900 | -900 | 0 | 200 | 300 | 0 | -100 | 0 | 0 | -300 | -100 |
Federal income taxes | ||||||||||
20,500 | -800 | 54,400 | -200 | 13,700 | -81,600 | -300 | 12,300 | 50,900 | -6,500 | 15,000 |
Cash provided from December 31, 2014 unearned premium transfer related to the homeowners quota-share reinsurance arrangement | ||||||||||
- | - | - | - | -63,500 | 0 | 0 | 75,500 | 0 | - | - |
Cash used in pooling changes, December 31, 2011 and January 1, 2011 | ||||||||||
- | - | - | - | - | - | - | -261,400 | 69,100 | 3,700 | - |
Net cash used in operating activities | ||||||||||
-43,900 | -13,400 | 67,900 | 113,500 | 149,800 | 75,600 | 72,100 | -285,600 | 43,000 | 131,400 | 110,500 |
Cash flows from investing activities: | ||||||||||
Purchases of fixed maturities available-for-sale | ||||||||||
592,600 | 349,600 | 505,400 | 589,300 | 573,900 | 431,400 | 326,700 | 540,400 | 369,700 | 546,200 | 494,700 |
Purchases of equity securities | ||||||||||
63,400 | 91,400 | 185,900 | 143,100 | 154,000 | 119,000 | 86,000 | 143,000 | 92,600 | 87,400 | 90,400 |
Purchases of other invested assets | ||||||||||
13,300 | 1,800 | 1,400 | 1,500 | 6,900 | 1,800 | 5,500 | 1,100 | 1,200 | 21,200 | 13,000 |
Maturities, calls and pay downs of fixed maturities available-for-sale | ||||||||||
386,300 | 229,800 | 233,600 | 240,900 | 241,000 | 232,400 | 174,600 | 257,000 | 327,200 | 369,300 | 159,000 |
Sales of fixed maturities available-for-sale | ||||||||||
308,800 | 98,000 | 184,800 | 211,600 | 180,700 | 163,500 | 113,300 | 332,800 | 167,600 | 93,600 | 323,800 |
Sales of equity securities | ||||||||||
45,400 | 97,800 | 252,700 | 153,000 | 144,800 | 99,200 | 106,400 | 101,800 | 180,900 | 86,000 | 34,000 |
Sales of other invested assets | ||||||||||
1,300 | 1,200 | 1,100 | 800 | 700 | 600 | 700 | 700 | 20,800 | 900 | 1,200 |
Note to affiliate | ||||||||||
- | - | - | - | - | - | - | - | - | - | 70,000 |
Sale of subsidiary | ||||||||||
- | - | - | - | - | - | - | - | 13,200 | -7,500 | - |
Net disposals of property and equipment | ||||||||||
1,600 | 0 | 0 | - | 100 | 0 | -200 | -1,500 | 0 | 100 | 100 |
Net cash provided by investing activities | ||||||||||
74,100 | -16,000 | -20,500 | -127,600 | -167,700 | -56,500 | -23,000 | 9,300 | 246,200 | -112,600 | -150,200 |
Cash flows from financing activities: | ||||||||||
Proceeds from issuance of common stock | ||||||||||
5,900 | 15,400 | 10,200 | 2,200 | 6,200 | 3,500 | 4,000 | 1,600 | 2,600 | 3,200 | 3,300 |
Payments to acquire treasury stock | ||||||||||
500 | 200 | 300 | 200 | 300 | 100 | 100 | 0 | 0 | - | - |
Payment of dividends | ||||||||||
17,400 | 17,100 | 16,900 | 16,600 | 16,500 | 16,500 | 16,100 | 22,300 | 24,100 | 24,000 | 23,800 |
Payment for Debt Extinguishment or Debt Prepayment Cost | ||||||||||
0 | 400 | 0 | 0 | - | - | - | - | - | - | - |
Payment of credit facility issue costs | ||||||||||
- | - | - | - | - | - | 500 | 0 | 0 | - | - |
Excess tax expense on share-based awards | ||||||||||
- | - | - | 200 | 300 | 0 | -100 | 0 | 0 | - | - |
Proceeds from long-term debt | ||||||||||
- | - | - | 21,500 | 0 | 0 | 85,000 | 0 | 0 | - | - |
Redemption of long-term debt | ||||||||||
- | - | - | - | - | - | 100,000 | 0 | 0 | - | - |
Net cash provided by (used in) financing activities | ||||||||||
-12,000 | -2,300 | -7,000 | 7,100 | -10,300 | -13,100 | -27,800 | -20,700 | -21,500 | -20,800 | -20,500 |
Net increase (decrease) in cash and cash equivalents | ||||||||||
18,200 | -31,700 | 40,400 | -7,000 | -28,200 | 6,000 | 21,300 | -297,000 | 267,700 | -2,000 | -60,200 |
Supplemental disclosures: | ||||||||||
Proceeds from Income Tax Refunds | ||||||||||
0 | 0 | 1,600 | 0 | 6,400 | 1,000 | 800 | -12,400 | -2,300 | 6,200 | -38,100 |
Interest Paid, Excluding Capitalized Interest, Operating Activities | ||||||||||
4,800 | 5,700 | 5,700 | 5,400 | 5,300 | 5,200 | 8,500 | 7,000 | 7,000 | 7,000 | 7,100 |