7Baggers
Quarterly
Annual
    Unit: USD2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31 2020-12-31 2020-09-30 2020-06-30 2020-03-31 2019-12-31 2019-09-30 2019-06-30 2019-03-31 2018-12-31 2018-09-30 2018-06-30 2018-03-31 2017-06-30 2017-03-31 2016-09-30 2016-06-30 2016-03-31 2015-03-31 2013-09-30 2013-06-30 2013-03-31 2012-06-30 2012-03-31 2011-09-30 2011-06-30 2011-03-31 2010-09-30 2010-06-30 2010-03-31 2009-06-30 2009-03-31 2008-12-31 2008-09-30 2008-06-30 2008-03-31 2007-12-31 2007-09-30 2006-12-31 2006-09-30 2006-06-30 2006-03-31 2005-09-30 2005-06-30 2005-03-31 2004-12-31 2004-09-30 2004-06-30 2004-03-31 2003-12-31 2003-09-30 2003-06-30 2003-03-31 2002-09-30 
      
    		                                                                        
      operating activities
    		                                                                        
      net income
    		763,787,000 677,185,000 129,347,000 561,432,000 946,942,000 289,850,000 1,049,182,000 794,093,000 53,268,000 715,930,000 537,799,000 709,568,000 122,530,000 -883,387,000 -49,914,000 875,052,000 189,668,000 803,334,000 579,681,000 847,429,000 454,043,000 931,671,000 -1,401,376,000 511,513,000 203,953,000 506,483,000 577,513,000 -753,374,000 409,028,000 279,587,000 -65,594,000 151,427,000 71,040,000 83,421,000 80,673,000 163,646,000 194,006,000 66,967,000 28,676,000 89,263,000 90,768,000 57,713,000 54,669,000 31,649,000 9,861,000 63,157,000 20,917,000 43,206,000 32,798,000 16,358,000 -32,710,000 -142,287,000 82,242,000 33,988,000 93,441,000 92,353,000 121,382,000 104,098,000 90,432,000 76,590,000 -111,098,000 60,167,000 75,718,000 50,274,000 13,825,000 59,037,000 42,276,000 44,722,000 -16,533,000 58,855,000 36,433,000 8,704,000 
      adjustments to reconcile net income to net cash from operating activities
    		454,688,000 -172,789,000 246,845,000  -56,160,000 288,775,000 -418,528,000  902,388,000 8,510,000 -253,618,000  836,753,000 1,389,503,000 464,787,000  619,602,000 -308,286,000 -261,557,000  318,804,000 -508,608,000 1,467,054,000  258,847,000 -276,048,000 -558,790,000  46,614,000 -29,725,000 123,266,000   170,722,000   -171,174,000 235,519,000     106,096,000   46,101,000 38,330,000 -38,887,000 71,588,000 -6,303,000  236,761,000 101,832,000 16,311,000  53,834,000  114,211,000   287,375,000 83,355,000 33,221,000  248,446,000 117,819,000 12,482,000  208,819,000 96,006,000 67,172,000 204,364,000 
      net cash from operating activities
    		1,218,475,000 504,396,000 376,192,000 493,945,000 890,782,000 578,625,000 630,654,000 822,530,000 955,656,000 724,440,000 284,181,000 829,170,000 959,283,000 506,116,000 414,873,000 651,625,000 809,270,000 495,048,000 318,124,000 475,999,000 772,847,000 423,063,000 65,678,000 562,162,000 462,800,000 230,435,000 18,723,000 129,681,000 455,642,000 249,862,000 57,672,000   254,143,000   22,832,000 302,486,000     160,765,000   109,258,000 59,247,000 4,319,000 104,386,000 10,055,000 61,310,000 94,474,000 184,074,000 50,299,000 124,997,000 146,187,000 137,891,000 218,309,000   176,277,000 143,522,000 108,939,000 196,808,000 262,271,000 176,856,000 54,758,000 180,698,000 192,286,000 154,861,000 103,605,000 213,068,000 
      capex
    		-52,421,000 -50,640,000 -40,713,000 -73,951,000 -51,892,000 -57,195,000 -71,953,000 -103,531,000 -75,645,000 -42,264,000 -37,179,000 -45,430,000 -98,738,000 -58,848,000 -51,696,000 -64,491,000 -25,020,000 -25,088,000 -30,650,000 -28,530,000 -22,103,000 -20,761,000 -29,907,000 -27,919,000 -46,225,000 -24,476,000 -24,756,000 -27,707,000 -26,498,000 -29,026,000 -23,362,000   -14,931,000   -23,606,000 -10,259,000     0   0 0 0 0 0 0 0 0 0 0 0 0 0   0 0 0 0 0 0 0 0 0 0 0 0 
      free cash flows
    		1,166,054,000 453,756,000 335,479,000 419,994,000 838,890,000 521,430,000 558,701,000 718,999,000 880,011,000 682,176,000 247,002,000 783,740,000 860,545,000 447,268,000 363,177,000 587,134,000 784,250,000 469,960,000 287,474,000 447,469,000 750,744,000 402,302,000 35,771,000 534,243,000 416,575,000 205,959,000 -6,033,000 101,974,000 429,144,000 220,836,000 34,310,000   239,212,000   -774,000 292,227,000     160,765,000   109,258,000 59,247,000 4,319,000 104,386,000 10,055,000 61,310,000 94,474,000 184,074,000 50,299,000 124,997,000 146,187,000 137,891,000 218,309,000   176,277,000 143,522,000 108,939,000 196,808,000 262,271,000 176,856,000 54,758,000 180,698,000 192,286,000 154,861,000 103,605,000 213,068,000 
      investing activities
    		                                                                        
      proceeds from sales, maturities, calls, and prepayments of fixed maturity securities
    		                                                                        
      cost of fixed maturity securities purchased
    		-1,173,048,000 -787,627,000 -742,665,000 -665,632,000 -954,154,000 -1,089,175,000 -880,028,000 -1,641,277,000 -889,601,000 -965,282,000 -806,704,000 -678,767,000 -543,411,000 -372,488,000 -517,400,000                                                          
      proceeds from sales of equity securities
    		59,971,000 71,993,000 31,795,000 60,248,000 52,101,000 24,804,000 40,101,000 118,917,000 40,963,000 74,672,000 64,030,000 77,733,000 18,161,000 69,328,000 76,788,000                                                          
      cost of equity securities purchased
    		-90,045,000 -111,786,000 -88,531,000 -136,100,000 -146,749,000 -161,944,000 -126,303,000 -189,918,000 -155,066,000 -164,159,000 -129,163,000 -149,980,000 -83,435,000 -96,793,000 -112,783,000                                                          
      net change in short-term investments
    		-255,867,000 281,541,000 447,436,000 -153,235,000 466,513,000 -139,928,000 -21,378,000 -284,909,000 -187,500,000 465,162,000 210,177,000 -220,758,000 -368,563,000 30,329,000 -287,027,000 956,321,000 500,278,000 -564,524,000 -663,120,000 -131,877,000 -965,923,000 -674,352,000 942,695,000 355,541,000 -157,576,000 -623,491,000 329,659,000 844,348,000 36,860,000 91,396,000 129,032,000 515,644,000 162,324,000 7,593,000 -671,222,000 322,887,000 -146,545,000 -158,349,000 391,700,000 -410,662,000 -3,694,000 79,233,000 107,181,000 -167,632,000 -107,606,000 47,115,000 -23,014,000 148,411,000 -110,932,000 -135,967,000 -194,171,000 -186,281,000 -56,942,000 -29,632,000 23,940,000 201,957,000 184,272,000 -156,164,000 -121,684,000 202,618,000 -71,792,000 -70,367,000 57,551,000 83,819,000 -151,184,000 19,873,000 7,790,000 22,021,000 -478,000 -10,202,000 -25,532,000 -72,428,000 
      cost of other investments purchased
    		   -1,599,000 -138,131,000                                                                    
      additions to property and equipment
    		-52,421,000 -50,640,000 -40,713,000 -73,951,000 -51,892,000 -57,195,000 -71,953,000 -103,531,000 -75,645,000 -42,264,000 -37,179,000 -45,430,000 -98,738,000 -58,848,000 -51,696,000 -64,491,000 -25,020,000 -25,088,000 -30,650,000 -28,530,000 -22,103,000 -20,761,000 -29,907,000 -27,919,000 -46,225,000 -24,476,000 -24,756,000 -27,707,000 -26,498,000 -29,026,000 -23,362,000 -19,714,000 -15,864,000 -14,931,000 -19,734,000 -14,900,000 -23,606,000 -10,259,000 -11,976,000 -14,442,000 -9,968,000 -12,917,000                               
      acquisitions, net of cash acquired
    		0   -522,000 0 -158,251,000 -48,980,000     -65,000,000    -276,229,000    -6,280,000 0   -219,705,000 -397,000 -15,830,000 -9,400,000 -1,163,897,000 -3,510,000 5,000 -7,809,000 -198,223,000 -3,810,000 0 -1,162,000 -4,600,000  -21,110,000 44,287,000 -36,531,000 -62,750,000 -80,870,000 -14,478,000 -1,955,000 -3,886,000 -4,967,000 -12,271,000 -23,046,000   -550,000 0   0 0                 
      other
    		51,373,000 2,862,000 85,017,000 70,024,000 7,237,000 16,458,000 -2,419,000 24,921,000 7,764,000 7,199,000 -1,696,000 216,936,000 22,308,000 -8,675,000 -14,204,000 97,274,000 1,136,000 3,850,000 42,637,000 74,817,000 -13,394,000 46,246,000 -9,949,000 32,141,000 3,316,000 -807,000 -1,684,000 7,152,000 -2,664,000 -28,945,000 -716,000 166,000 -5,855,000 213,000 -412,000 -193,000 -441,000 5,396,000 -46,000 -2,438,000 -2,985,000 1,476,000 29,478,000 -6,165,000 -20,623,000 -11,134,000 1,594,000 -14,237,000 -3,818,000 27,017,000 -17,190,000 -62,334,000 -4,196,000 -2,845,000 50,874,000 -3,715,000 -114,246,000 -2,583,000 -2,358,000 -5,065,000 -3,637,000 -1,110,000 -1,878,000 -11,480,000 -2,347,000 -1,342,000 -1,758,000 -57,852,000 -1,545,000 -1,977,000 228,000 -3,424,000 
      net cash used by investing activities
    		   -514,257,000 -326,072,000 -994,122,000 -564,167,000 -1,360,974,000 -969,072,000 -265,030,000 -108,531,000 -386,879,000 -879,964,000 -353,385,000 -49,976,000         121,999,000 -135,512,000   -344,024,000      -74,231,000      -353,303,000 13,869,000 -30,650,000 16,157,000 -219,112,000 -91,528,000 36,804,000 21,252,000 -230,553,000   -85,441,000    -30,962,000 -92,944,000 13,413,000 -277,070,000   -163,934,000 -84,202,000 -153,051,000 -173,570,000 -360,384,000 -73,835,000 -159,907,000 -221,917,000 -171,672,000 -100,672,000 -325,289,000 -222,447,000 
      financing activities
    		                                                                        
      additions to senior long-term debt and other debt
    		171,254,000 277,365,000 263,456,000 155,720,000 176,969,000 829,067,000 272,449,000 149,008,000 119,879,000 194,934,000 161,151,000 276,111,000 228,890,000 274,766,000 254,285,000 209,438,000 95,492,000 741,220,000 152,355,000 33,337,000 26,911,000 73,507,000 89,428,000 66,359,000 844,094,000 647,373,000 87,356,000 61,136,000 36,700,000 56,407,000 52,706,000 10,596,000 19,302,000 20,302,000 516,912,000 16,323,000 27,711,000 46,979,000 8,965,000 507,969,000 41,388,000 32,317,000 7,477,000 259,635,000 35,717,000 0 7,221,000 23,476,000                         
      repayment of senior long-term debt and other debt
    		-251,753,000 -306,823,000 -202,809,000 -180,206,000 -222,757,000 -284,371,000 -209,415,000 -137,779,000 -165,593,000 -277,037,000 -369,227,000 -272,153,000 -595,687,000 -198,134,000 -189,031,000 -116,573,000 -152,809,000 -145,762,000 -71,586,000 -48,304,000 -135,388,000 -62,030,000 -30,274,000 -423,158,000 -566,797,000 -77,619,000 -36,100,000 -43,150,000 -65,891,000 -77,852,000 -102,306,000 -129,647,000 -9,917,000 -31,250,000 -212,531,000 -16,305,000 -29,160,000                                    
      repurchases of common stock
    		-74,393,000 -99,351,000 -170,270,000 -183,639,000 -128,897,000 -99,310,000 -160,882,000 -175,886,000 -82,432,000 -105,197,000 -81,964,000 -82,706,000 -81,799,000 -46,995,000 -79,296,000 -84,141,000 -61,551,000 -38,803,000 -22,023,000 -2,889,000 0 -78,000 -23,865,000 -34,309,000 -12,732,000 -31,617,000 -37,649,000 -23,178,000 -6,572,000 -11,968,000 -12,289,000 -35,682,000 -23,512,000 -297,000 -14,486,000 -720,000 -17,548,000 -16,004,000 -40,689,000 -169,000 -13,763,000 -2,299,000 -19,944,000 -13,492,000 0 -17,829,000 -19,864,000 -4,387,000   -363,000 -18,332,000 -33,004,000 -8,902,000 0 0 -1,000 0 0 -45,879,000             
      dividends paid on preferred stock
    		0   -18,000,000 0   -18,000,000 0   -18,000,000 0   -18,000,000 0                                                        
      redemption of preferred stock
    		0                                                                        
      purchase of noncontrolling interests
    		0   9,000 0   -9,000,000 -32,706,000 0 -21,665,000          0 -3,075,000 -11,483,000 0 0 0 -9,754,000 0 -6,465,000 -195,000 -6,863,000 -9,098,000 -8,970,000 -89,000   -10,314,000                                    
      net cash provided (used) by financing activities
    		-170,830,000    -189,463,000       -104,257,000 -104,345,000 -367,859,000 -18,850,000        20,907,000 -411,327,000 250,488,000         -26,917,000         -16,989,000   -24,231,000   0 50,000,000     0  -6,000         -876,000 -1,840,000  513,000 49,342,000 23,224,000 19,000 
      effect of foreign currency rate changes on cash, cash equivalents, restricted cash, and restricted cash equivalents
    		                                                                        
      increase in cash, cash equivalents, restricted cash, and restricted cash equivalents
    		                                                                        
      cash, cash equivalents, restricted cash, and restricted cash equivalents at beginning of period
    		                                                                        
      cash, cash equivalents, restricted cash, and restricted cash equivalents at end of period
    		                                                                        
      proceeds from sales, maturities, calls and prepayments of fixed maturity securities
    		 544,251,000 500,466,000 445,643,000 439,003,000 637,316,000 546,793,000 766,638,000 366,114,000 401,830,000 592,004,000 594,593,000 187,714,000 250,483,000 119,545,000                                                          
      net cash provided (used) by investing activities
    		 -109,409,000 192,805,000              -495,152,000 -1,159,752,000 -1,077,587,000  -1,031,165,000      342,120,000   -377,395,000 -68,244,000 399,119,000 37,657,000   -243,907,000  114,779,000           -78,663,000 -48,269,000   12,073,000 92,998,000      10,798,000             
      effect of foreign currency rate changes on cash, cash equivalents, restricted cash and restricted cash equivalents
    		 47,116,000 19,492,000 -50,347,000 35,268,000 -3,171,000 -19,046,000 26,044,000 -13,244,000 -5,607,000 19,844,000 87,611,000 -90,423,000 -81,138,000 -19,411,000 -2,761,000 -34,028,000 8,044,000 -12,989,000 53,401,000 25,408,000 12,325,000 -35,233,000 27,750,000 -19,473,000 -9,833,000 7,199,000 -8,951,000 -5,214,000 -32,956,000 26,074,000 18,511,000 6,466,000                                        
      increase in cash, cash equivalents, restricted cash and restricted cash equivalents
    		 -379,849,000 482,694,000 -434,269,000 410,515,000   -712,828,000 -196,067,000 236,076,000 -216,660,000   -296,266,000 326,636,000 373,936,000 155,193,000 -146,086,000 -718,745,000 -45,904,000 -364,819,000 1,169,048,000 957,971,000 300,584,000 558,303,000 -122,939,000 367,973,000 -230,510,000 382,546,000 -197,256,000 -59,194,000 471,552,000 29,527,000                                        
      cash, cash equivalents, restricted cash and restricted cash equivalents at beginning of period
    		 0 4,192,248,000  0 0 4,332,034,000  0 0 5,221,513,000  0 0 4,880,947,000  0 0 5,216,649,000  0 0 3,500,353,000  0 0 2,396,432,000  0 0 2,500,846,000 0 2,085,164,000                                        
      cash, cash equivalents, restricted cash and restricted cash equivalents at end of period
    		 -379,849,000 4,674,942,000  410,515,000 -60,738,000 4,276,740,000  -196,067,000 236,076,000 5,004,853,000  -115,449,000 -296,266,000 5,207,583,000  155,193,000 -146,086,000 4,497,904,000  -364,819,000 1,169,048,000 4,458,324,000  558,303,000 -122,939,000 2,764,405,000  382,546,000 -197,256,000 2,441,652,000 471,552,000 2,114,691,000                                        
      net cash used by financing activities
    		  -105,795,000    -102,735,000  -169,407,000 -217,727,000 -412,154,000                -69,000  -60,306,000 -36,767,000 -74,696,000  -26,542,000   -8,802,000 -33,448,000               -18,332,000 -126,054,000 -8,902,000     -19,463,000 -50,955,000  0 -2,422,000          
      adjustments to reconcile net income to net cash from operating activities:
    		                                                                        
      deferred income tax expense
    		                                                                        
      depreciation and amortization expense
    		                                                                        
      net amortization of investment premium or discount
    		                                                                        
      net investment losses
    		                                                                        
      net foreign exchange losses
    		                                                                        
      gain on sale of businesses
    		                                                                        
      impairment of goodwill
    		                                                                        
      increase in receivables
    		                                                                        
      increase in reinsurance recoverables
    		                                                                        
      decrease (increase) in deferred policy acquisition costs
    		                                                                        
      increase in prepaid reinsurance premiums
    		                                                                        
      increase in unpaid losses and loss adjustment expenses
    		                                                                        
      decrease in life and annuity benefits
    		                                                                        
      increase in unearned premiums
    		                                                                        
      increase in payables to insurance and reinsurance companies
    		                                                                        
      consolidation of markel catco re
    		           0 0 0 629,955,000                                                          
      distributions to markel catco re noncontrolling interests for buy-out transaction
    		           0 0                                                            
      proceeds from sale of businesses
    		                                                                        
      distributions to noncontrolling interests
    		                    -1,117,000 -2,366,000 -1,842,000 -1,845,000 -2,246,000 -2,093,000 -2,808,000 -1,200,000 -2,149,000 -1,109,000 -4,706,000 -2,004,000 -2,341,000 -744,000 -2,149,000 -1,038,000 -1,159,000 -1,204,000 -747,000 -2,032,000                                 
      redemption of markel catco re noncontrolling interests
    		       0 0 0 -88,997,000                                                              
      cash, cash equivalents, restricted cash and restricted cash equivalents at beginning of year
    		                                                                        
      cash, cash equivalents, restricted cash and restricted cash equivalents at end of year
    		                                                                        
      proceeds from sales of subsidiaries
    		        0                                                                
      decrease in cash, cash equivalents, restricted cash and restricted cash equivalents
    		      -55,294,000                                                                  
      depreciation and amortization
    		                                                                        
      increase in deferred policy acquisition costs
    		                                                                        
      cost of equity method and other investments purchased
    		       -33,124,000                                                                 
      advance funding for repayment of senior long-term debt
    		                                                                        
      proceeds from sale of business
    		            0 2,659,000 106,846,000                                                          
      issuance of preferred stock
    		                   0 0                                                    
      net investment gains
    		                                                                        
      increase in income taxes payable
    		                                                                        
      proceeds from sales of fixed maturity securities and equity securities
    		               42,680,000 43,626,000 69,296,000 69,118,000 35,787,000 117,725,000                                                    
      proceeds from maturities, calls and prepayments of fixed maturity securities
    		               216,791,000 195,720,000 171,327,000 100,123,000 134,655,000 148,418,000                                                    
      cost of fixed maturity securities and equity securities purchased
    		               -1,040,769,000 -969,682,000 -814,613,000 -595,695,000 -557,395,000 -315,826,000                                                    
      cost of equity method investments
    		                   0 0   -40,857,000 -1,364,000         -3,100,000   -600,000 -19,087,000                                   
      premiums and fees related to early extinguishment of debt
    		                       -16,987,000          0                                       
      net cash from financing activities
    		               -69,617,000 -124,897,000 510,574,000 53,707,000  -131,909,000                   231,189,000  9,103,000   1,741,000   17,771,000                -922,000         
      impairment of goodwill and intangible assets
    		                                                                        
      proceeds from sales of equity and cost method investments
    		                    0 0 15,167,000                                                  
      proceeds from disposals of fixed assets
    		                    19,938,000 208,000 381,000  2,168,000 -174,000 13,955,000                                              
      payment of contingent consideration
    		                    -21,259,000   0 0                                                
      proceeds from sales of fixed maturities and equity securities
    		                      266,421,000 27,614,000 93,928,000 98,923,000 133,453,000 57,431,000 127,326,000 93,714,000 140,728,000 173,231,000 89,287,000 103,618,000 125,824,000 100,668,000 71,721,000 373,255,000 71,275,000 52,834,000 74,366,000 69,063,000 97,690,000 37,214,000 69,917,000 33,658,000 108,745,000 77,690,000 32,509,000 10,314,000 113,150,000 116,289,000 145,276,000 308,601,000 227,708,000 181,354,000 401,788,000 543,563,000 295,630,000 318,996,000 276,133,000 593,889,000 532,994,000 461,867,000 768,729,000 443,469,000 854,101,000 792,248,000 1,007,607,000 1,510,313,000 880,426,000 536,293,000 
      proceeds from maturities, calls and prepayments of fixed maturities
    		                      104,226,000 325,711,000 140,530,000 177,646,000 128,449,000 92,291,000 84,798,000 183,459,000 191,260,000 274,148,000 401,875,000 262,103,000 255,452,000 216,455,000 388,522,000 360,419,000 370,064,000 120,711,000 137,212,000 119,291,000 53,682,000 89,317,000 112,952,000 60,076,000 126,598,000 79,616,000 106,505,000 59,612,000 87,970,000 96,442,000 184,743,000 35,289,000 69,162,000 68,546,000 67,934,000 28,573,000 42,084,000 35,406,000 14,249,000 44,251,000 26,594,000 90,185,000 74,307,000 44,887,000 39,381,000 63,581,000 75,254,000 57,137,000 53,051,000  
      cost of fixed maturities and equity securities purchased
    		                      -382,415,000 -298,407,000 -169,892,000 -260,115,000 -227,556,000 -136,650,000 -223,888,000 -687,998,000 -497,377,000 -346,607,000 -592,707,000 -403,641,000 -462,109,000 -862,646,000 -232,551,000 -364,362,000 -310,378,000 -62,775,000 -80,062,000 -205,926,000 -213,885,000 -169,891,000 -142,282,000 -87,944,000 -180,400,000 -498,987,000 -99,244,000 -8,474,000 -107,805,000 -128,291,000 -250,856,000 -215,340,000 -344,888,000 -541,086,000 -640,410,000 -689,456,000 -309,595,000 -486,157,000 -378,887,000 -708,059,000 -754,355,000 -807,809,000 -1,049,889,000 -580,722,000 -1,059,421,000 -1,094,665,000 -1,252,510,000 -1,655,943,000 -1,233,462,000 -694,951,000 
      net cash from investing activities
    		                      906,619,000              30,662,000                                    
      increase in accrued expenses
    		                                                                        
      increase in other liabilities
    		                                                                        
      loss on early extinguishment of debt
    		                                                                        
      proceeds from sales of equity method investments
    		                               474,000 2,407,000 2,846,000 999,000 5,480,000 15,003,000 152,631,000                                   
      issuance of common stock
    		                               0 359,000 430,000 1,068,000 3,033,000 429,000 2,728,000                                   
      adjustments to reconcile net income to net cash provided (used) by operating activities
    		                                -59,094,000   -268,215,000    -33,709,000     -19,064,000               -81,772,000             
      net cash provided (used) by operating activities
    		                                11,946,000   -104,569,000    55,554,000     -9,203,000               -5,182,000             
      change in restricted cash and cash equivalents
    		                                 -28,932,000 97,061,000 -7,058,000 -40,841,000 -203,755,000                                   
      effect of foreign currency rate changes on cash and cash equivalents
    		                                 -4,535,000 -13,293,000 11,434,000 -22,128,000 14,875,000 -1,246,000 -7,546,000 -3,363,000 2,704,000 -7,694,000 1,509,000 3,678,000 9,448,000 -4,327,000 -4,359,000 13,438,000 -4,389,000                       
      increase in cash and cash equivalents
    		                                    -2,082,000 412,700,000     152,239,000   131,279,000 49,003,000 -212,822,000 39,161,000 7,397,000 51,119,000 -93,690,000 70,093,000 134,395,000 94,035,000  151,298,000 70,210,000          2,077,000 21,127,000   -9,360,000 
      cash and cash equivalents at beginning of period
    		                                 0 0 2,630,009,000 1,960,169,000 0 -109,415,000 973,181,000 0 775,032,000 0 0 745,259,000 0 0 850,494,000 0 639,578,000  0 0 477,661,000  0  0 0 333,757,000 0 0 378,939,000  0 0 372,511,000  0 0 444,236,000 0 
      cash and cash equivalents at end of period
    		                                 148,460,000 -276,227,000 2,284,165,000 1,958,087,000 412,700,000 803,547,000 899,075,000 145,411,000 691,797,000 152,239,000 118,007,000 649,947,000 131,279,000 49,003,000 637,672,000 39,161,000 646,975,000  -93,690,000 70,093,000 612,056,000  -19,789,000  70,210,000 45,189,000 288,418,000 -14,390,000 59,320,000 332,405,000  -11,044,000 102,145,000 265,522,000  21,127,000 103,531,000 245,776,000 -9,360,000 
      decrease in cash and cash equivalents
    		                                  -276,227,000 -345,844,000    -74,106,000  -83,235,000   -95,312,000               -45,339,000   -46,534,000  -11,044,000 102,145,000 -106,989,000    -198,460,000  
      repayment and retirement of senior long-term debt and other debt
    		                                                                        
      purchase of redeemable noncontrolling interests
    		                                     -3,412,000 0 -8,440,000                                 
      repayments of senior long-term debt and other debt
    		                                      -3,037,000 -268,522,000 -43,661,000 -27,868,000 -4,355,000 -19,165,000 -33,873,000 -6,148,000 -231,000 -1,318,000                         
      adjustments to reconcile net income to net cash used by operating activities
    		                                         -122,105,000                               
      net cash used by operating activities
    		                                         -64,392,000                               
      purchase of noncontrolling interest
    		                                             0                           
      net realized investment losses
    		                                                                        
      decrease in receivables
    		                                                                        
      decrease in deferred policy acquisition costs
    		                                                                        
      decrease in unearned premiums
    		                                                                        
      increase in payables to insurance companies
    		                                                                        
      cost of investments in affiliates
    		                                                -3,683,000 -771,000 -1,547,000 -5,657,000 -2,902,000 -3,075,000   -2,700,000 -1,003,000 0 -55,000,000             
      retirement of junior subordinated deferrable interest debentures
    		                                                      0 0 0 -14,394,000 -19,463,000 -2,564,000             
      cash and cash equivalents at beginning of year
    		                                                                        
      cash and cash equivalents at end of year
    		                                                                        
      fixed maturities:
    		                                                                        
      u.s. treasury securities and obligations of u.s. government agencies
    		                                                                        
      obligations of states, municipalities and political subdivisions
    		                                                                        
      foreign governments
    		                                                                        
      residential mortgage-backed securities
    		                                                                        
      asset-backed securities
    		                                                                        
      public utilities
    		                                                                        
      convertible bonds
    		                                                                        
      all other corporate bonds
    		                                                                        
      total fixed maturities
    		                                                                        
      equity securities:
    		                                                                        
      insurance companies, banks and trusts
    		                                                                        
      industrial, consumer and all other
    		                                                                        
      total equity securities
    		                                                                        
      short-term investments
    		                                                                        
      investments, available-for-sale
    		                                                                        
      additions to senior long-term debt
    		                                                0 150,000,000       0       0         
      repayment of senior long-term debt
    		                                                                        
      repayments of senior long-term debt
    		                                                 -100,000,000                       
      repayment and retirement of senior long-term debt
    		                                                  0                      
      convertibles and bonds with warrants
    		                                                                        
      industrial, miscellaneous and all other
    		                                                                        
      nonredeemable preferred stocks
    		                                                                        
      net realized investment gains
    		                                                                        
      net proceeds from sale of subsidiary
    		                                                            0            
      repayments and retirement of senior long-term debt
    		                                                                        
      retirement of senior long-term debt
    		                                                         -2,037,000 0 -2,512,000             
      investment in affiliates
    		                                                                        
      total investments
    		                                                                        
      investments in affiliates
    		                                                                        
      sale of subsidiary, net of cash sold
    		                                                              -13,957,000          
      net cash from (used by) financing activities
    		                                                                        
      repurchase of common stock
    		                                                             0 -2,422,000 0 -1,000 -1,116,000 -2,268,000      
      deferred income tax benefit
    		                                                                        
      decrease (increase) in receivables
    		                                                                        
      repayments and repurchases of senior long-term debt and convertible notes payable
    		                                                                        
      fixed maturities
    		                                                                        
      equity securities
    		                                                                        
      repayments and repurchases of senior long-term debt
    		                                                                        
      net realized gains from investment sales
    		                                                                        
      additions to senior long-term debt and convertible notes payable
    		                                                                        
      banks, trusts and insurance companies
    		                                                                        
      additions to long-term debt
    		                                                                    0 49,262,000 198,020,000  
      repayments and repurchases of long-term debt and convertible notes payable
    		                                                                    0   0 
      repayments and repurchases of long-term debt
    		                                                                      -175,000,000  
      additions to long-term debt and convertible notes payable
    		                                                                       0 
      proceeds from maturities of fixed maturities
    		                                                                        
    The information provided in this report is taken from www.sec.gov and many other data providers. While we have conducted our best efforts to ensure that the parsed data is accurate, we cannot guarantee its accuracy. Please use caution and understand that any consequences of its use are your own responsibility.