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Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net income (loss) $ 1,074,488 $ 1,258,463 $ 1,265,260
Adjustments to reconcile net income to net cash provided by operating activities:      
Decrease (increase) in premiums receivable (93,837) 45,282 (217,678)
Decrease (increase) in funds held by reinsureds, net 31,225 (1,835) 162
Decrease (increase) in reinsurance receivables (240,414) (186,014) 118,963
Decrease (increase) in income taxes (36,771) 31,340 213,848
Decrease (increase) in prepaid reinsurance premiums (14,486) (79,086) (12,777)
Increase (decrease) in reserve for losses and loss adjustment expenses 394,167 195,524 (374,027)
Increase (decrease) in future policy benefit reserve (910) 308 (6,595)
Increase (decrease) in unearned premiums (96,950) 161,149 261,959
Increase (decrease) in other net payable to reinsurers 38,262 29,410 (45,043)
Increase (decrease) in losses in course of payment (43,964) (174,206) 142,192
Change in equity adjustments in limited partnerships (12,965) (39,464) (45,905)
Distribution of limited partnership income 53,984 51,120 56,982
Change in other assets and liabilities, net 264 35,419 (57,212)
Non-cash compensation expense 21,237 21,197 31,844
Amortization of bond premium (accrual of bond discount) 50,901 49,214 66,461
Amortization of underwriting discount on senior notes 4 46 54
Net realized capital (gains) losses 184,147 (84,046) (300,227)
Net cash provided by (used in) operating activities 1,308,382 1,313,821 1,098,261
CASH FLOWS FROM INVESTING ACTIVITIES:      
Proceeds from fixed maturities matured/called - available for sale, at market value 2,144,930 2,142,693 2,415,730
Proceeds from fixed maturities matured/called - available for sale, at fair value   875 7,213
Proceeds from fixed maturities sold - available for sale, at market value 1,724,093 1,811,801 1,092,387
Proceeds from fixed maturities sold - available for sale, at fair value 1,824 36,467 21,573
Proceeds from equity securities sold - available for sale, at market value 28,936 16,901 46,142
Proceeds from equity securities sold - available for sale, at fair value 614,044 584,069 705,831
Distributions from other invested assets 57,201 115,482 100,081
Proceeds from sale of subsidiary (net of cash disposed) 3,934    
Cost of fixed maturities acquired - available for sale, at market value (4,718,303) (4,672,633) (3,543,776)
Cost of fixed maturities acquired - available for sale, at fair value (2,436) (24,098) (6,196)
Cost of equity securities acquired - available for sale, at market value (10,850) (18,016) (59,756)
Cost of equity securities acquired - available for sale, at fair value (556,889) (446,457) (621,038)
Cost of other invested assets acquired (286,599) (224,740) (21,935)
Net change in short-term investments (98,903) (497,983) (357,451)
Net change in unsettled securities transactions (22,719) (4,433) (2,808)
Net cash provided by (used in) investing activities (1,121,737) (1,180,072) (224,003)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Common shares issued during the period, net 13,597 17,839 51,500
Purchase of treasury shares (400,059) (500,024) (621,915)
Net cost of junior subordinated debt securities redemption     (329,897)
Net cost of senior notes maturing   (250,000)  
Net proceeds from issuance of senior notes   400,000  
Third party investment in redeemable noncontrolling interest 266,848 136,200 87,500
Subscription advances for third party redeemable noncontrolling interest 30,000 40,000 143,000
Dividends paid to shareholders (175,107) (145,913) (106,681)
Dividends paid on third party investment in redeemable noncontrolling interest (68,158) (10,334)  
Net cash provided by (used in) financing activities (332,879) (312,232) (776,493)
EFFECT OF EXCHANGE RATE CHANGES ON CASH (7,582) 4,575 (23,433)
Net increase (decrease) in cash (153,816) (173,908) 74,332
Cash, beginning of period 437,474 611,382 537,050
Cash, end of period 283,658 437,474 611,382
SUPPLEMENTAL CASH FLOW INFORMATION:      
Income taxes paid (recovered) 164,856 153,455 69,302
Interest paid $ 35,973 $ 39,424 $ 38,390