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UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Cash flows provided by (used in) operating activities:    
Net income (loss) $ 213,849 $ 83,028
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 (37,286) (92,750)
Net realized and unrealized (gains) losses on derivative instruments 7,069 3,622
Amortization of premiums (discounts) on fixed maturities 42,178 47,505
(Income) loss from investment and operating affiliates (28,921) 19,797
Share-based compensation 12,694 20,707
Depreciation and amortization 19,429 22,592
Accretion of deposit liabilities 11,430 12,055
Changes in:    
Unpaid losses and loss expenses 290,788 330,160
Future policy benefit reserves (55,634) (59,858)
Funds withheld on GreyCastle life retrocession arrangements, net (107,596) (121,272)
Unearned premiums 1,222,570 1,148,149
Premiums receivable (1,152,760) (1,322,085)
Unpaid losses and loss expenses recoverable (153,063) (82,729)
Ceded unearned premiums (797,191) (436,332)
Reinsurance balances receivable (59,052) (49,781)
Deferred acquisition costs and value of business acquired (205,830) (156,373)
Reinsurance balances payable 849,492 460,982
Deferred tax asset - net 10,852 (7,945)
Derivatives 58,104 17,863
Other assets (100,791) (47,084)
Other liabilities (128,606) (128,752)
Other (9,323) (41,618)
Total adjustments (261,346) (227,067)
Net cash provided by (used in) operating activities (47,497) (144,039)
Cash flows provided by (used in) investing activities:    
Proceeds from sale of fixed maturities and short-term investments 2,492,005 3,772,077
Proceeds from redemption of fixed maturities and short-term investments 1,228,356 949,221
Proceeds from sale of equity securities 46,379 62,895
Purchases of fixed maturities and short term investments (3,633,007) (4,325,679)
Purchases of equity securities (47,967) (55,411)
Proceeds from sale of affiliates 168,237 41,538
Purchases of affiliates (35,926) (247,049)
Purchase of subsidiaries, net of cash acquired 0 (69,745)
Change in restricted cash (7,019) (6,027)
Other, net 23,429 82,141
Net cash provided by (used in) investing activities 234,487 203,961
Cash flows provided by (used in) financing activities:    
Proceeds from issuance of ordinary shares and exercise of stock options 23,296 491
Buybacks of common shares (200,488) (355,901)
Employee withholding on share-based compensation (22,871) (27,074)
Dividends paid on common shares (58,392) (57,861)
Distributions to non-controlling interests (25,400) (27,857)
Contributions from non-controlling interests 26 883
Deposit liabilities (7,771) (8,546)
Net cash provided by (used in) financing activities (291,600) (475,865)
Effects of exchange rate changes on foreign currency cash 30,273 (19,396)
Increase (decrease) in cash and cash equivalents (74,337) (435,339)
Cash and cash equivalents beginning of period 3,426,988 3,256,236
Cash and cash equivalents end of period 3,352,651 2,820,897
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 $ 50,101 $ 236,080