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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Cash flows from operating activities    
Net (losses) earnings $ (57,928) $ 390,760
Adjustments to reconcile net earnings to net cash provided by (used in) operating activities:    
Depreciation and amortization 106,197 115,020
Net realized capital (gains) losses (101,840) (117,126)
Other than temporary impairment losses 13,095 38,216
(Increase) decrease in reinsurance recoverables, net of reinsurance payable (413,548) 73,781
(Increase) decrease in premium balances receivable (134,088) (44,341)
(Increase) decrease in ceded unearned premiums (7,368) (17,588)
(Increase) decrease in deferred acquisition costs (28,000) (39,962)
(Increase) decrease in funds held under reinsurance agreements (94,222) (299,372)
Increase (decrease) in unearned premiums 120,456 164,078
Increase (decrease) in loss and loss adjustment expenses 1,369,176 258,861
Change in unrealized foreign exchange losses (gains) (134,404) 78,615
Other, net (211,479) (27,283)
Net adjustments 483,975 182,899
Net cash provided by (used in) operating activities 426,047 573,659
Cash flows from investing activities    
Purchases of debt securities (4,181,182) (4,665,980)
Purchases of equity securities (3,218,941) (1,163,687)
Sales of debt securities 2,836,272 3,953,367
Maturities and redemptions of debt securities 1,397,408 996,548
Sales of equity securities 2,970,760 1,197,612
Net (purchases) sales of short-term investments 174,501 (417,186)
Net (purchases) sales and maturities of commercial mortgage loans (54,822) (336,944)
(Purchases) sales of property and equipment 10,268 (18,982)
Purchases of affiliates and subsidiaries, net of cash acquired (244,311) (145,253)
Other, net 28,302 128,731
Net cash provided by (used in) investing activities (281,745) (471,774)
Cash flows from financing activities    
Treasury stock acquisitions (8,549) (55,678)
Increase (decrease) in other debt (27,202) 43,135
Other, net (17,070) (4,274)
Net cash provided by (used in) financing activities (52,821) (16,817)
Effect of exchange rate changes on cash 16,269 8,572
Net increase (decrease) in cash 107,750 93,640
Cash at beginning of period 594,091 475,267
Cash at end of period 701,841 568,907
Cash paid during period for:    
Interest paid 58,133 56,423
Income taxes paid (refund received) $ 29,320 $ 51,969