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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Cash flows from operating activities:    
Net income $ 113.8 $ 122.0
Adjustments to reconcile net income to net cash provided by operating activities:    
Amortization and depreciation 27.4 30.7
Share-based payments expense 11.1 20.8
Excess tax benefit from share-based payment arrangements (0.1) (0.6)
Deferred income tax provision, net 2.3 13.8
Net realized investment and other gains (12.8) (20.4)
Undistributed earnings from alternative investment portfolio (20.8) (4.6)
Amortization of debt issuance costs 0.1 0.1
Loss on disposals of fixed assets, net 0.2 0.2
Change in:    
Accrued investment income (0.3) 1.1
Receivables (255.5) (162.2)
Deferred acquisition costs (14.9) (17.6)
Ceded unearned premiums (59.8) (58.5)
Reserves for losses and loss adjustment expenses 154.2 75.9
Unearned premiums 120.3 123.0
Ceded reinsurance payable and funds held 128.3 134.3
Income taxes 19.7 (2.3)
Accrued underwriting expenses (27.4) (19.7)
Other, net (35.1) (0.2)
Cash provided by operating activities 150.7 235.8
Cash flows from investing activities:    
Sales of fixed maturity investments 761.8 609.8
Maturities and mandatory calls of fixed maturity investments 839.0 637.4
Sales of equity securities 155.3 61.6
Sales of other investments 92.1 57.4
Purchases of fixed maturity investments (1,650.7) (1,303.4)
Purchases of equity securities (114.7) (97.9)
Purchases of other investments (90.3) (67.2)
Change in foreign regulatory deposits and voluntary pools 4.8 7.5
Change in short-term investments (78.7) (69.9)
Settlements of foreign currency exchange forward contracts (7.2) (6.7)
Purchases of fixed assets (26.7) (22.0)
Other, net 31.9 17.4
Cash used in investing activities (83.4) (176.0)
Cash flows from financing activities:    
Activity under stock incentive plans 0.6 1.5
Repurchase of Company's common shares (45.3) (29.7)
Excess tax expense from share-based payment arrangements 0.1 0.6
Payment of cash dividends to common shareholders (19.8) (17.1)
Cash used in financing activities (64.4) (44.7)
Effect of exchange rate changes on cash (1.0) 0.1
Change in cash 1.9 15.2
Cash, beginning of period 121.7 [1] 81.0
Cash, end of period $ 123.6 $ 96.2
[1] Derived from audited consolidated financial statements.