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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Cash flows provided by (used in) operating activities:    
Net income (loss) $ (66.0) $ 122.0
Adjustments to reconcile net income (loss) to cash provided by operating activities:    
Amortization and depreciation 15.0 28.5
Share-based payments expense 6.4 6.4
Deferred income tax benefit, net (2.6) (14.4)
Net investment and other (gains) losses 119.6 (32.5)
Undistributed earnings from alternative investment portfolio (21.8) (74.8)
Loss on disposals of long-lived assets, net (0.6) 1.7
Foreign currency exchange (gains) losses (16.5) 4.4
Impairment of goodwill and intangibles 28.5 0.0
Change in:    
Accrued investment income (2.2) 0.9
Receivables (274.2) 30.2
Deferred acquisition costs (17.3) (12.0)
Ceded unearned premiums 40.4 2.3
Reserves for losses and loss adjustment expenses 334.6 36.5
Unearned premiums (2.9) 77.3
Ceded reinsurance payable and funds held (32.1) (176.3)
Income taxes 1.0 (1.0)
Accrued underwriting expenses and other liabilities (11.6) 42.5
Other, net 1.8 (0.9)
Cash provided by operating activities 99.5 40.8
Cash flows provided by (used in) investing activities:    
Sales of fixed maturity investments 678.3 786.4
Maturities and mandatory calls of fixed maturity investments 323.8 591.1
Sales of equity securities 16.3 36.9
Sales of other investments 45.3 81.1
Purchases of fixed maturity investments (1,042.1) (1,511.9)
Purchases of equity securities (1.0) (5.3)
Purchases of other investments (36.2) (40.1)
Change in foreign regulatory deposits and voluntary pools (4.0) 36.2
Purchase of mortgage loans (158.8) 0.0
Change in short-term investments 82.2 32.3
Settlements of foreign currency exchange forward contracts (21.5) (9.7)
Proceeds from business divestitures, net of cash transferred 13.9 0.0
Purchases of fixed assets, net (2.3) 16.0
Other, net 0.0 37.6
Cash provided by (used in) investing activities (106.1) 50.6
Cash flows provided by (used in) financing activities:    
Activity under stock incentive plans 2.1 1.2
Payment of cash dividends to preferred shareholders (7.9) (7.9)
Payment of cash dividends to common shareholders (32.5) (32.7)
Cash used in financing activities (38.3) (39.4)
Effect of exchange rate changes on cash (1.8) 1.2
Change in cash (46.7) 53.2
Cash, beginning of year 146.1 148.8
Cash, end of period $ 99.4 $ 202.0