|
Cash flows from operating activities:
|
|
|
|
|
|
|
|
|
|
|
|
|
Adjustments to reconcile net income to net cash provided by operating activities:
|
|
|
|
|
|
|
|
|
|
|
|
|
Net Income (Loss) Attributable to Parent
|
|
$106.7m
|
$101.2m
|
$141.3m
|
$157.1m
|
$119.8m
|
$119.3m
|
$48.4m
|
$118.1m
|
$118.6m
|
$10.8m
|
|
Depreciation, Depletion and Amortization
|
|
$8.5m
|
$8.2m
|
$6.3m
|
$9.0m
|
$8.2m
|
$7.4m
|
$5.3m
|
$4.8m
|
$16.7m
|
$14.2m
|
|
Amortization of Intangible Assets
|
|
$300k
|
$300k
|
$200k
|
$0
|
$0
|
$0
|
$0
|
$0
|
$0
|
$0
|
|
Capitalized Computer Software, Amortization
|
|
—
|
—
|
$800k
|
$5.3m
|
$9.0m
|
$14.2m
|
$16.4m
|
$16.7m
|
$13.1m
|
$7.6m
|
|
Deferred Policy Acquisition Costs, Amortization Expense
|
|
$104.5m
|
$108.2m
|
$112.0m
|
—
|
—
|
—
|
—
|
$113.8m
|
$119.6m
|
$123.2m
|
|
Depreciation
|
|
$8.5m
|
$8.2m
|
$6.3m
|
$9.0m
|
$8.2m
|
$7.4m
|
$5.3m
|
$4.8m
|
$3.6m
|
$3.6m
|
|
Deferred Income Tax Expense (Benefit)
|
|
$13.4m
|
$24.2m
|
$14.4m
|
$8.6m
|
($400k)
|
$6.7m
|
($17.3m)
|
$5.1m
|
$4.2m
|
$100k
|
|
Deferred Other Tax Expense (Benefit)
|
|
$13.4m
|
$17.2m
|
$14.8m
|
$8.6m
|
($400k)
|
$6.7m
|
($17.3m)
|
$5.3m
|
$4.1m
|
$100k
|
|
Share-based Payment Arrangement, Noncash Expense
|
|
$5.8m
|
$6.8m
|
$9.4m
|
$10.1m
|
$9.7m
|
$9.1m
|
$5.1m
|
$6.2m
|
$6.3m
|
$5.0m
|
|
Share-based Payment Arrangement, Expense
|
|
$5.8m
|
$6.8m
|
$9.3m
|
$10.0m
|
$9.4m
|
$9.1m
|
$4.9m
|
$6.1m
|
$6.2m
|
$5.0m
|
|
Goodwill and Intangible Asset Impairment
|
|
—
|
—
|
$0
|
—
|
$0
|
$0
|
$0
|
$0
|
$0
|
$0
|
|
Marketable Securities, Gain (Loss), Excluding Other-than-temporary Impairment Loss
|
|
—
|
—
|
—
|
—
|
—
|
$54.6m
|
($51.8m)
|
—
|
—
|
—
|
|
Operating Lease, Impairment Loss
|
|
—
|
—
|
—
|
—
|
$800k
|
$1.0m
|
$0
|
—
|
—
|
—
|
|
Gain (Loss) on Extinguishment of Debt
|
|
—
|
$2.1m
|
$0
|
$0
|
—
|
—
|
—
|
—
|
—
|
—
|
|
Income Tax Expense (Benefit)
|
|
$34.0m
|
$42.8m
|
$28.2m
|
$36.7m
|
$27.9m
|
$27.7m
|
$7.4m
|
$30.3m
|
$28.1m
|
$1.2m
|
|
Operating Lease, Expense
|
|
—
|
—
|
—
|
$5.1m
|
$5.1m
|
$4.1m
|
$3.4m
|
—
|
—
|
—
|
|
Additional Financial Items
|
|
|
|
|
|
|
|
|
|
|
|
|
Equity Securities, FV-NI, Unrealized Gain (Loss)
|
|
—
|
—
|
($25.6m)
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
|
Gain (Loss) on Termination of Lease
|
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
$1.0m
|
$0
|
$0
|
|
Goodwill
|
|
$36.2m
|
$36.2m
|
$36.2m
|
$36.2m
|
$36.2m
|
$36.2m
|
$36.2m
|
$36.2m
|
$36.2m
|
$36.2m
|
|
Liability for Unpaid Claims and Claims Adjustment Expense, Incurred Claims
|
|
$434.5m
|
$428.8m
|
$391.3m
|
$378.6m
|
$314.3m
|
$326.7m
|
$399.3m
|
$412.9m
|
$461.8m
|
$587.7m
|
|
Operating Expenses
|
|
$639.1m
|
$657.4m
|
$630.9m
|
$642.1m
|
$563.7m
|
$556.1m
|
$657.7m
|
$702.5m
|
$734.0m
|
$846.7m
|
|
Realized Investment Gains (Losses)
|
|
$11.2m
|
$7.4m
|
$13.1m
|
($51.1m)
|
($19.0m)
|
($54.6m)
|
$51.8m
|
($22.7m)
|
($24.1m)
|
$20.4m
|
|
Gain (Loss) on Investments
|
|
—
|
—
|
($13.1m)
|
$51.1m
|
$19.0m
|
$54.6m
|
($51.8m)
|
$22.7m
|
$24.1m
|
($20.4m)
|
|
Net Cash Provided by (Used in) Operating Activities
|
|
$122.8m
|
$142.3m
|
$180.2m
|
$123.1m
|
$33.3m
|
$10.8m
|
$99.8m
|
$49.4m
|
$76.4m
|
$44.7m
|
|
Cash flows from investing activities:
|
|
|
|
|
|
|
|
|
|
|
|
|
Payments to Acquire Property, Plant, and Equipment
|
|
$700k
|
$400k
|
$300k
|
$700k
|
$100k
|
$300k
|
$100k
|
$0
|
$100k
|
$100k
|
|
Payments to Acquire Businesses, Net of Cash Acquired
|
|
—
|
$0
|
$0
|
$16.1m
|
$0
|
$0
|
—
|
—
|
—
|
—
|
|
Gain (Loss) on Sale of Investments
|
|
$11.2m
|
$7.4m
|
($13.1m)
|
$51.1m
|
$19.0m
|
$54.6m
|
($51.8m)
|
$22.7m
|
$24.1m
|
($20.4m)
|
|
Net Cash Provided by (Used in) Investing Activities
|
|
($88.6m)
|
($110.2m)
|
($119.6m)
|
$49.2m
|
$84.3m
|
($1.7m)
|
($146.1m)
|
$377.3m
|
($159.7m)
|
$225.9m
|
|
Cash flows from financing activities:
|
|
|
|
|
|
|
|
|
|
|
|
|
Proceeds from Maturities, Prepayments and Calls of Debt Securities, Available-for-sale
|
|
$230.6m
|
$215.7m
|
$329.4m
|
$309.9m
|
$359.2m
|
$373.5m
|
$195.0m
|
$162.7m
|
$214.7m
|
$213.1m
|
|
Payments for Repurchase of Common Stock
|
|
$21.1m
|
$0
|
$4.2m
|
$67.5m
|
$99.4m
|
$42.6m
|
$30.4m
|
$76.1m
|
$42.6m
|
$182.8m
|
|
Payments of Ordinary Dividends, Common Stock
|
|
$11.5m
|
$19.7m
|
$26.7m
|
$28.9m
|
$30.8m
|
$29.0m
|
$90.3m
|
$29.7m
|
$30.3m
|
$29.9m
|
|
Net Cash Provided by (Used in) Financing Activities
|
|
($23.6m)
|
($26.0m)
|
($32.9m)
|
($119.1m)
|
($112.2m)
|
($94.4m)
|
$60.4m
|
($289.5m)
|
($74.8m)
|
($179.1m)
|
|
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect
|
|
$11.7m
|
$3.5m
|
$27.7m
|
$53.2m
|
$5.4m
|
($85.3m)
|
$14.1m
|
$137.2m
|
($158.1m)
|
$91.5m
|
|
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents
|
|
$11.7m
|
$3.5m
|
$102.0m
|
$155.2m
|
$160.6m
|
$75.3m
|
$89.4m
|
$226.6m
|
$68.5m
|
$160.0m
|
|
Supplemental disclosure of cash flow information:
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest Paid, Excluding Capitalized Interest, Operating Activities
|
|
—
|
—
|
—
|
—
|
—
|
$300k
|
$2.6m
|
$5.8m
|
$100k
|
$500k
|
|
Income Taxes Paid, Net
|
|
$13.7m
|
$21.3m
|
$4.2m
|
$37.8m
|
$18.5m
|
$28.2m
|
$15.1m
|
$30.4m
|
$31.0m
|
$11.6m
|