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Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income (loss) $ 38,926 $ 115,944
Adjustments to reconcile net income to net cash provided by operating activities:    
Decrease (increase) in premiums receivable 38,549 (78,969)
Decrease (increase) in funds held by reinsureds, net 3,817 (4,707)
Decrease (increase) in reinsurance receivables (56,106) (68,311)
Decrease (increase) in income taxes 6,546 31,408
Decrease (increase) in prepaid reinsurance premiums 15,994 15,016
Increase (decrease) in reserve for losses and loss adjustment expenses 29,962 20,927
Increase (decrease) in unearned premiums (33,573) (28,224)
Increase (decrease) in other net payable to reinsurers (106,588) (52,400)
Increase (decrease) in losses in course of payment 17,456 60,419
Change in equity adjustments in limited partnerships 2,514 (7,173)
Distribution of limited partnership income 9,859 7,369
Change in other assets and liabilities, net 24,496 35,494
Non-cash compensation expense 3,117 1,946
Amortization of bond premium (accrual of bond discount) 4,541 4,955
Amortization of underwriting discount on senior notes 1 1
Net realized capital (gains) losses 66,377 (21,296)
Net cash provided by (used in) operating activities 65,888 32,399
CASH FLOWS FROM INVESTING ACTIVITIES:    
Proceeds from fixed maturities matured/called - available for sale, at market value 154,378 188,815
Proceeds from fixed maturities sold - available for sale, at market value 188,046 112,846
Proceeds from fixed maturities sold - available for sale, at fair value   1,236
Proceeds from equity securities sold - available for sale, at fair value 86,149 133,960
Distributions from other invested assets 255,889 10,797
Cost of fixed maturities acquired - available for sale, at market value (506,085) (293,848)
Cost of equity securities acquired - available for sale, at fair value (92,019) (164,112)
Cost of other invested assets acquired (413,223) (16,600)
Net change in short-term investments 235,895 (860)
Net change in unsettled securities transactions 5,870 (31,296)
Net cash provided by (used in) investing activities (85,100) (59,062)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Tax benefit from share-based compensation 1,676 2,020
Net cash provided by (used in) financing activities 1,676 2,020
EFFECT OF EXCHANGE RATE CHANGES ON CASH 10,546 (31,845)
Net increase (decrease) in cash (6,990) (56,488)
Cash, beginning of period 155,429 323,975
Cash, end of period 148,439 267,487
SUPPLEMENTAL CASH FLOW INFORMATION:    
Income taxes paid (recovered) $ 4,558 $ 18,077