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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash flows provided by (used in) operating activities:    
Net income (loss) $ (17.2) $ 99.6
Adjustments to reconcile net income (loss) to cash provided by operating activities:    
Amortization and depreciation 11.0 14.8
Share-based payments expense 2.6 4.5
Deferred income tax benefit, net 8.8 (6.8)
Net investment and other (gains) losses 74.9 (37.8)
Undistributed earnings from alternative investment portfolio (17.7) (50.6)
Loss on disposals of long-lived assets, net (0.6) 1.7
Foreign currency exchange (gains) losses (7.4) 5.7
Change in:    
Accrued investment income (1.3) 1.1
Receivables (160.5) 151.3
Deferred acquisition costs (8.1) (4.4)
Ceded unearned premiums 10.7 (15.0)
Reserves for losses and loss adjustment expenses 195.5 (170.9)
Unearned premiums (23.5) 6.6
Ceded reinsurance payable and funds held (30.8) (22.5)
Income taxes 8.6 8.5
Accrued underwriting expenses and other liabilities 18.2 23.8
Other, net (31.3) (22.1)
Cash provided by (used in) operating activities 31.9 (12.5)
Cash flows provided by (used in) investing activities:    
Sales of fixed maturity investments 576.4 616.4
Maturities and mandatory calls of fixed maturity investments 256.0 394.8
Sales of equity securities 12.9 33.5
Sales of other investments 32.4 62.3
Purchases of fixed maturity investments (864.4) (983.3)
Purchases of equity securities (1.0) (1.8)
Purchases of other investments (23.5) (31.5)
Change in foreign regulatory deposits and voluntary pools 1.5 35.9
Purchase of mortgage loans (157.5) 0.0
Change in short-term investments 188.0 12.5
Settlements of foreign currency exchange forward contracts (19.1) (8.8)
Proceeds from business divestitures, net of cash transferred 13.1 0.0
Purchases of fixed assets, net (0.4) (13.3)
Other, net 0.0 (37.6)
Cash provided by investing activities 14.4 79.1
Cash flows provided by (used in) financing activities:    
Activity under stock incentive plans 1.3 0.8
Payment of cash dividends to preferred shareholders (5.3) (5.3)
Payment of cash dividends to common shareholders (21.3) (21.9)
Cash used in financing activities (25.3) (26.4)
Effect of exchange rate changes on cash (2.0) 1.7
Change in cash 19.0 41.9
Cash, beginning of year 146.1 148.8
Cash, end of period $ 165.1 $ 190.7