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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Cash flows from operating activities:    
Net income $ 94.9 $ 107.2
Adjustments to reconcile net income to net cash provided by operating activities:    
Amortization and depreciation 20.4 23.1
Share-based payments expense 11.7 14.4
Deferred income tax benefit, net (2.2) (7.4)
Net realized investment gains (58.3) (9.0)
Undistributed earnings from alternative investment portfolio (19.4) (20.7)
Change in:    
Accrued investment income (0.5) (2.7)
Receivables (282.6) (148.5)
Deferred acquisition costs 7.5 (15.2)
Ceded unearned premiums (147.1) (114.6)
Reserves for losses and loss adjustment expenses 194.9 (19.2)
Unearned premiums 197.7 179.4
Ceded reinsurance payable and funds held 204.8 151.3
Income taxes 7.9 8.8
Accrued underwriting expenses and other liabilities 8.5 85.8
Other, net (42.5) (1.7)
Cash provided by operating activities 195.7 231.0
Cash flows from investing activities:    
Sales of fixed maturity investments 1,046.3 1,158.6
Maturities and mandatory calls of fixed maturity investments 292.2 375.1
Sales of equity securities 66.3 165.0
Sales of other investments 67.7 93.6
Purchases of fixed maturity investments (1,535.0) (1,787.0)
Purchases of equity securities (49.9) (156.0)
Purchases of other investments (54.6) (34.2)
Change in foreign regulatory deposits and voluntary pools 2.3 13.4
Change in short-term investments 0.0 (47.2)
Settlements of foreign currency exchange forward contracts (1.2) 2.0
Cash acquired with acquisition of Ariscom 0.0 15.6
Purchases of fixed assets (22.9) (35.8)
Other, net 29.6 3.6
Cash used in investing activities (159.2) (233.3)
Cash flows from financing activities:    
Payment on note payable (0.6) 0.0
Activity under stock incentive plans 1.4 1.0
Repurchase of Company's common shares 0.0 (30.0)
Payment of cash dividends to common shareholders (32.5) (28.0)
Cash used in financing activities (31.7) (57.0)
Effect of exchange rate changes on cash 1.1 1.2
Change in cash 5.9 (58.1)
Cash, beginning of year 139.2 176.6
Cash, end of period $ 145.1 $ 118.5