2009 Annual Report 2009 Annual Report : Page 24

2009 FinAnciAl rEsults Consolidated statutory-Basis statements of Cash flow • unaudited ($000) as of deCeMber 31, 2009 caSh FlowS FroM underwriTinG acTiViTieS: net Premium losses Claims expenses Commissions other expenses net cash provided By underwriting activities investment income, net of expenses income taxes Capitalized spending Miscellaneous transactions Pension Contribution net cash provided By operating activities Cash flows from investing activities: Proceeds from fixed Maturities sold Proceeds from equity securities sold other Proceeds Purchase of fixed Maturities Purchase of equity securities net cash used in investing activities Cash flows from financing activities: dividends to stockholders net cash used in Financing activities net Change in Cash and Cash equivalents cash and cash equivalents, Beginning of year cash and cash equivalents, end of period as of deCeMber 31, 2008 $ 806,875 (454,699) (23,240) (158,187) (124,579) 46,170 69,805 1,787 (19,796) (1,030) (6,450) 90,485 832,069 18,587 7,024 (919,267) (59,609) (121,195) (10,606) (10,606) (41,316) 61,230 $ 19,914 $ 815,653 (431,594) (22,985) (156,559) (122,664) 81,851 61,884 (10,408) 11,863 2,521 (12,500) 135,210 445,462 365,805 (26,950) (642,017) (243,663) (101,363) (11,318) (11,318) 22,529 38,701 $ 61,230 24

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