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UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Cash flows provided by (used in) operating activities:    
Net income (loss) $ (549,994) $ 260,531
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 (137,188) (341,043)
Net realized and unrealized (gains) losses on derivative instruments 28,409 (2,774)
Amortization of premiums (discounts) on fixed maturities 122,474 143,855
(Income) loss from investment and operating affiliates (135,415) (25,915)
Loss (gain) on sale of subsidiaries 0 (3,670)
Share-based compensation 49,545 60,514
Depreciation and amortization 54,109 86,014
Accretion of deposit liabilities 17,002 33,133
Changes in:    
Unpaid losses and loss expenses 3,241,151 820,938
Future policy benefit reserves (162,815) (156,804)
Funds withheld on GreyCastle life retrocession arrangements, net (275,417) (203,983)
Unearned premiums 785,513 731,463
Premiums receivable (1,364,597) (1,294,936)
Unpaid losses and loss expenses recoverable (1,304,544) (255,627)
Ceded unearned premiums (547,700) (122,856)
Reinsurance balances receivable (478,040) (111,238)
Deferred acquisition costs and value of business acquired (90,796) (88,261)
Reinsurance balances payable 1,140,535 587,682
Deferred tax asset - net (18,397) (11,015)
Derivatives (25,629) 45,469
Other assets (182,229) (96,971)
Other liabilities (221,046) (13,801)
Other 122,524 (54,355)
Total adjustments 733,808 417,251
Net cash provided by (used in) operating activities 183,814 677,782
Cash flows provided by (used in) investing activities:    
Proceeds from sale of fixed maturities and short-term investments 11,354,376 9,581,243
Proceeds from redemption of fixed maturities and short-term investments 2,794,515 3,010,158
Proceeds from sale of equity securities 456,889 411,330
Purchases of fixed maturities and short term investments (14,456,346) (11,557,045)
Purchases of equity securities (314,752) (611,086)
Proceeds from sale of affiliates 375,628 325,050
Purchases of affiliates (119,835) (556,548)
Purchase of subsidiaries, net of cash acquired 0 (92,893)
Proceeds from Divestiture of Interest in Consolidated Subsidiaries 0 19,144
Change in restricted cash (6,123) 4,874
Other, net (37,147) 193,392
Net cash provided by (used in) investing activities 47,205 727,619
Cash flows provided by (used in) financing activities:    
Proceeds from issuance of ordinary shares and exercise of stock options 49,640 5,735
Buybacks of common shares (571,586) (906,137)
Repurchase of preference shares (411,492) 0
Employee withholding on share-based compensation (24,156) (28,171)
Dividends paid on common shares (171,905) (169,346)
Distributions to non-controlling interests (109,213) (93,470)
Contributions from non-controlling interests 49,474 6,394
Proceeds from Issuance of Long-term Debt 558,311 0
Repayment of debt 17,909 8,248
Deposit liabilities (34,407) (63,488)
Net cash provided by (used in) financing activities (683,243) (1,256,731)
Effects of exchange rate changes on foreign currency cash 55,324 (11,629)
Increase (decrease) in cash and cash equivalents (396,900) 137,041
Cash and cash equivalents beginning of period 3,426,988 3,256,236
Cash and cash equivalents end of period 3,030,088 3,393,277
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 $ 116,359 $ 691,432