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UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Cash flows provided by (used in) operating activities:    
Net income (loss) $ 833,080 $ 645,540
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Net realized (gains) losses on investments (75,519) (2,916)
Net realized and unrealized (gains) losses on derivative instruments (3,660) (2,656)
Amortization of premiums (discounts) on fixed maturities 127,524 119,819
(Income) loss from investment and operating affiliates (172,256) (78,028)
Share-based compensation 45,447 41,827
Depreciation 44,147 41,735
Accretion of deposit liabilities 36,779 65,585
Changes in:    
Unpaid losses and loss expenses (85,471) (609,175)
Future policy benefit reserves (128,281) (132,834)
Unearned premiums 486,249 524,341
Premiums receivable (341,520) (380,164)
Unpaid losses and loss expenses recoverable 28,566 354,698
Ceded unearned premiums (183,198) (121,791)
Reinsurance balances receivable (38,612) (5,146)
Deferred acquisition costs (47,859) (47,629)
Reinsurance balances payable 338,769 413,658
Deferred tax asset - net (3,693) 24,058
Derivatives 14,563 49,567
Other assets (81,148) (53,297)
Other liabilities 39,645 108,067
Other 19,337 (61,079)
Total adjustments 19,809 248,640
Net cash provided by (used in) operating activities 852,889 894,180
Cash flows provided by (used in) investing activities:    
Proceeds from sale of fixed maturities and short-term investments 3,042,348 2,456,889
Proceeds from redemption of fixed maturities and short-term investments 3,142,738 3,212,626
Proceeds from sale of equity securities 95,083 212,034
Purchases of fixed maturities and short term investments (6,480,368) (5,874,664)
Purchases of equity securities (358,484) (289,553)
Investment affiliates, net (94,760) 58,415
Other, net 83,575 (113,538)
Net cash provided by (used in) investing activities (569,868) (337,791)
Cash flows provided by (used in) financing activities:    
Proceeds from issuance of ordinary shares and exercise of stock options 9,718 4,651
Buybacks of ordinary shares (525,520) (351,158)
Dividends paid on ordinary shares (121,131) (101,753)
Distributions to non-controlling interests (42,026) (43,283)
Contributions from non-controlling interests 500 1,500
Repayment of debt 0 (600,000)
Deposit liabilities (87,788) (114,376)
Net cash provided by (used in) financing activities (766,247) (1,204,419)
Effects of exchange rate changes on foreign currency cash (4,259) 20,210
Increase (decrease) in cash and cash equivalents (487,485) (627,820)
Cash and cash equivalents beginning of year 2,618,378 3,825,125
Cash and cash equivalents end of year $ 2,130,893 $ 3,197,305