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Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income (loss) $ 249,710 $ 244,640
Adjustments to reconcile net income to net cash provided by operating activities:    
Decrease (increase) in premiums receivable (19,661) (82,537)
Decrease (increase) in funds held by reinsureds, net (1,191) 401
Decrease (increase) in reinsurance receivables (167,876) (368,394)
Decrease (increase) in income taxes 34,836 36,879
Decrease (increase) in prepaid reinsurance premiums 38,141 (100,075)
Increase (decrease) in reserve for losses and loss adjustment expenses 75,995 7,882
Increase (decrease) in unearned premiums (99,896) 101,264
Increase (decrease) in other net payable to reinsurers (144,661) 83,206
Increase (decrease) in losses in course of payment 76,607 151,503
Change in equity adjustments in limited partnerships (13,872) 1,161
Distribution of limited partnership income 14,597 9,157
Change in other assets and liabilities, net 2,437 (51,901)
Non-cash compensation expense 3,955 3,698
Amortization of bond premium (accrual of bond discount) 9,352 11,581
Amortization of underwriting discount on senior notes 2 28
Net realized capital (gains) losses (72,521) (121,064)
Net cash provided by (used in) operating activities (14,046) (72,571)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Proceeds from fixed maturities matured/called - available for sale, at market value 493,648 519,733
Proceeds from fixed maturities matured/called - available for sale, at fair value   875
Proceeds from fixed maturities sold - available for sale, at market value 288,211 327,859
Proceeds from fixed maturities sold - available for sale, at fair value 1,613 20,763
Proceeds from equity securities sold - available for sale, at market value 16  
Proceeds from equity securities sold - available for sale, at fair value 303,477 292,943
Distributions from other invested assets 19,999 15,271
Cost of fixed maturities acquired - available for sale, at market value (850,526) (1,499,373)
Cost of fixed maturities acquired - available for sale, at fair value (234) (1,309)
Cost of equity securities acquired - available for sale, at fair value (306,602) (163,452)
Cost of other invested assets acquired (33,996) (32,764)
Net change in short-term investments 30,157 83,935
Net change in unsettled securities transactions 3,008 6,953
Net cash provided by (used in) investing activities (51,229) (428,566)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Tax benefit from share-based compensation 3,036 2,788
Proceeds from issuance of senior notes   400,000
Net cash provided by (used in) financing activities 3,036 402,788
EFFECT OF EXCHANGE RATE CHANGES ON CASH (11,317) 8,575
Net increase (decrease) in cash (73,556) (89,774)
Cash, beginning of period 323,975 316,807
Cash, end of period 250,419 227,033
SUPPLEMENTAL CASH FLOW INFORMATION:    
Income taxes paid (recovered) 77,577 84,406
Interest paid $ 17,608 $ 14,719