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UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Cash flows provided by (used in) operating activities:    
Net income (loss) $ 291,476 $ 386,532
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Net realized (gains) losses on investments (19,229) (36,509)
Net realized and unrealized (gains) losses on derivative instruments (1,810) (7,885)
Amortization of premiums (discounts) on fixed maturities 39,488 37,783
(Income) loss from investment and operating affiliates (31,999) (63,219)
Share-based compensation 15,974 15,086
Depreciation 14,961 13,109
Accretion of deposit liabilities 10,477 12,564
Changes in:    
Unpaid losses and loss expenses (72,058) (117,861)
Future policy benefit reserves (49,780) (48,114)
Unearned premiums 621,009 636,875
Premiums receivable (594,243) (629,528)
Unpaid losses and loss expenses recoverable 28,747 2,973
Ceded unearned premiums (110,310) (65,191)
Reinsurance balances receivable (60,224) (41,234)
Deferred acquisition costs (56,937) (70,547)
Reinsurance balances payable 269,717 129,253
Deferred tax asset - net (598) (17,565)
Derivatives (12,277) 52,675
Other assets (25,731) (24,197)
Other liabilities (77,037) (23,052)
Other 20,452 3,696
Total adjustments (91,408) (240,888)
Net cash provided by (used in) operating activities 200,068 145,644
Cash flows provided by (used in) investing activities:    
Proceeds from sale of fixed maturities and short-term investments 1,106,926 1,198,391
Proceeds from redemption of fixed maturities and short-term investments 1,056,358 1,174,101
Proceeds from sale of equity securities 76,382 37,446
Purchases of fixed maturities and short term investments (1,411,447) (2,262,022)
Purchases of equity securities (80,833) (209,793)
Proceeds from sale of affiliates 145,174 45,979
Purchases of affiliates (86,205) (108,366)
Other, net (106,075) 121,771
Net cash provided by (used in) investing activities 700,280 (2,493)
Cash flows provided by (used in) financing activities:    
Proceeds from issuance of ordinary shares and exercise of stock options 1,310 3,248
Buybacks of ordinary shares (176,496) (224,420)
Dividends paid on ordinary shares (43,847) (805)
Distributions to non-controlling interests (3,008) (3,257)
Contributions from non-controlling interests 7,001 0
Deposit liabilities (17,270) (38,704)
Net cash provided by (used in) financing activities (232,310) (263,938)
Effects of exchange rate changes on foreign currency cash 7,177 (24,304)
Increase (decrease) in cash and cash equivalents 675,215 (145,091)
Cash and cash equivalents beginning of year 1,800,832 2,618,378
Cash and cash equivalents end of year $ 2,476,047 $ 2,473,287