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UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Cash flows provided by (used in) operating activities:    
Net income (loss) $ 260,531 $ 1,078,760
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Total net realized (gains) losses on investments and net unrealized (gains) losses on investments, Trading - Life Funds Withheld Assets (341,043) (154,265)
Net realized and unrealized (gains) losses on derivative instruments (2,774) (57,127)
Amortization of premiums (discounts) on fixed maturities 143,855 143,118
(Income) loss from investment and operating affiliates (25,915) (72,802)
Loss (gain) on sale of subsidiary (3,670) 0
Gain on sale of operating affiliate 0 (340,407)
Share-based compensation 60,514 57,695
Depreciation and amortization 86,014 50,662
Accretion of deposit liabilities 33,133 32,098
Changes in:    
Unpaid losses and loss expenses 820,938 16,169
Future policy benefit reserves (156,804) (208,286)
Funds withheld on GreyCastle life retrocession arrangements, net (203,983) (213,749)
Unearned premiums 731,463 225,785
Premiums receivable (1,294,936) (334,537)
Unpaid losses and loss expenses recoverable (255,627) (346,847)
Ceded unearned premiums (122,856) (16,172)
Reinsurance balances receivable (111,238) (918)
Deferred acquisition costs and value of business acquired (88,261) (40,087)
Reinsurance balances payable 587,682 389,494
Deferred tax asset - net (11,015) (38,619)
Derivatives 45,469 163,663
Other assets (96,971) (30,670)
Other liabilities (41,972) 39,841
Other (54,355) 50,368
Total adjustments 389,080 (569,260)
Net cash provided by (used in) operating activities 649,611 509,500
Cash flows provided by (used in) investing activities:    
Proceeds from sale of fixed maturities and short-term investments 9,581,243 10,568,708
Proceeds from redemption of fixed maturities and short-term investments 3,010,158 2,787,870
Proceeds from sale of equity securities 411,330 443,941
Purchases of fixed maturities and short term investments (11,557,045) (12,720,937)
Purchases of equity securities (611,086) (436,622)
Proceeds from sale of affiliates 325,050 724,382
Purchases of affiliates (556,548) (94,745)
Purchase of subsidiaries, net of cash acquired (92,893) (1,020,015)
Proceeds from sale of subsidiaries, net of cash sold 19,144 0
Change in restricted cash 4,874 (147,810)
Other, net 193,392 (138,168)
Net cash provided by (used in) investing activities 727,619 (33,396)
Cash flows provided by (used in) financing activities:    
Proceeds from issuance of ordinary shares and exercise of stock options 5,735 7,904
Buybacks of ordinary shares (906,137) (292,269)
Dividends paid on ordinary shares (169,346) (149,030)
Distributions to non-controlling interests (93,470) (80,641)
Contributions from non-controlling interests 6,394 10,292
Proceeds from the issuance of debt 0 980,600
Repayment of debt (8,248) 0
Deposit liabilities (63,488) (79,944)
Net cash provided by (used in) financing activities (1,228,560) 396,912
Effects of exchange rate changes on foreign currency cash (11,629) (54,760)
Increase (decrease) in cash and cash equivalents 137,041 818,256
Cash and cash equivalents beginning of period 3,256,236 2,521,814
Cash and cash equivalents end of period 3,393,277 3,340,070
Life Funds Withheld Assets    
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Net realized and unrealized (gains) losses on derivative instruments $ 691,432 $ 116,333