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Consolidated Statements Of Cash Flows (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income (loss) $ 302,022 $ 384,343
Adjustments to reconcile net income to net cash provided by operating activities:    
Decrease (increase) in premiums receivable 25,533 (53,067)
Decrease (increase) in funds held by reinsureds, net 3,399 4,584
Decrease (increase) in reinsurance receivables (114,898) (92,736)
Decrease (increase) in income taxes 34,417 64,227
Decrease (increase) in prepaid reinsurance premiums 2,359 3,446
Increase (decrease) in reserve for losses and loss adjustment expenses (56,348) (127,942)
Increase (decrease) in future policy benefit reserve (1,423) (796)
Increase (decrease) in unearned premiums 80,016 54,323
Increase (decrease) in other net payables to reinsurers 1,176 4,188
Increase (decrease) in losses in course of payment 107,003 148,773
Change in equity adjustments in limited partnerships 2,313 (17,356)
Distribution of limited partnership income 8,600 33,686
Change in other assets and liabilities, net (23,959) (43,814)
Non-cash compensation expense 4,427 5,614
Amortization of bond premium (accrual of bond discount) 13,572 18,607
Amortization of underwriting discount on senior notes 14 13
Net realized capital (gains) losses (21,126) (126,735)
Net cash provided by (used in) operating activities 367,097 259,358
CASH FLOWS FROM INVESTING ACTIVITIES:    
Proceeds from fixed maturities matured/called - available for sale, at market value 490,745 612,044
Proceeds from fixed maturities matured/called - available for sale, at fair value 875 3,000
Proceeds from fixed maturities sold - available for sale, at market value 328,709 254,496
Proceeds from fixed maturities sold - available for sale, at fair value 20,763 3,664
Proceeds from equity securities sold - available for sale, at market value 534 1,229
Proceeds from equity securities sold - available for sale, at fair value 178,598 106,175
Distributions from other invested assets 17,077 50,016
Cost of fixed maturities acquired - available for sale, at market value (1,163,440) (1,016,289)
Cost of fixed maturities acquired - available for sale, at fair value (1,309) (1,295)
Cost of equity securities acquired - available for sale, at market value (8,546) (1,566)
Cost of equity securities acquired - available for sale, at fair value (92,329) (122,617)
Cost of other invested assets acquired (4,961) (6,684)
Net change in short-term investments (152,715) 78,507
Net change in unsettled securities transactions 1,564 (8,467)
Net cash provided by (used in) investing activities (384,435) (47,787)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Common shares issued during the period, net 2,121 26,918
Purchase of treasury shares (249,983) (238,632)
Third party investment in redeemable noncontrolling interest 70,700  
Dividends paid to shareholders (34,742) (24,231)
Net cash provided by (used in) financing activities (211,904) (235,945)
EFFECT OF EXCHANGE RATE CHANGES ON CASH 3,264 11,460
Net increase (decrease) in cash (225,978) (12,914)
Cash, beginning of period 611,382 537,050
Cash, end of period 385,404 524,136
SUPPLEMENTAL CASH FLOW INFORMATION:    
Income taxes paid (recovered) 16,260 19,188
Interest paid $ 174 $ 6,001