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Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income (loss) $ 171,686 $ 322,978
Adjustments to reconcile net income to net cash provided by operating activities:    
Decrease (increase) in premiums receivable 7,604 (101,728)
Decrease (increase) in funds held by reinsureds, net 60,592 (12,027)
Decrease (increase) in reinsurance receivables (32,865) (90,028)
Decrease (increase) in income taxes (3,883) 14,214
Decrease (increase) in prepaid reinsurance premiums (10,219) (12,868)
Increase (decrease) in reserve for losses and loss adjustment expenses 50,497 55,334
Increase (decrease) in future policy benefit reserve (473) (127)
Increase (decrease) in unearned premiums (26,116) (40,934)
Increase (decrease) in other net payable to reinsurers 5,254 81,172
Increase (decrease) in losses in course of payment 24,473 71,568
Change in equity adjustments in limited partnerships 6,181 (6,762)
Distribution of limited partnership income 15,915 8,600
Change in other assets and liabilities, net 3,844 32,168
Non-cash compensation expense 8,041 5,170
Amortization of bond premium (accrual of bond discount) 12,354 13,333
Amortization of underwriting discount on senior notes 1 1
Net realized capital (gains) losses 74,259 10,505
Net cash provided by (used in) operating activities 367,145 350,569
CASH FLOWS FROM INVESTING ACTIVITIES:    
Proceeds from fixed maturities matured/called - available for sale, at market value 503,428 594,807
Proceeds from fixed maturities sold - available for sale, at market value 324,118 355,812
Proceeds from fixed maturities sold - available for sale, at fair value   1,236
Proceeds from equity securities sold - available for sale, at market value 203 83
Proceeds from equity securities sold - available for sale, at fair value 92,245 137,966
Distributions from other invested assets 1,111,710 10,797
Cost of fixed maturities acquired - available for sale, at market value (1,078,990) (1,370,458)
Cost of equity securities acquired - available for sale, at market value (1,105) (4,464)
Cost of equity securities acquired - available for sale, at fair value (96,297) (171,411)
Cost of other invested assets acquired (1,454,123) (41,961)
Net change in short-term investments 360,238 222,952
Net change in unsettled securities transactions 30,390 (505)
Net cash provided by (used in) investing activities (208,183) (265,146)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Common shares issued during the period, net 151 2
Purchase of treasury shares (85,914) (75,040)
Dividends paid to shareholders (48,706) (42,252)
Net cash provided by (used in) financing activities (134,469) (117,290)
EFFECT OF EXCHANGE RATE CHANGES ON CASH 20,792 (7,032)
Net increase (decrease) in cash 45,285 (38,899)
Cash, beginning of period 283,658 437,474
Cash, end of period 328,943 398,575
SUPPLEMENTAL CASH FLOW INFORMATION:    
Income taxes paid (recovered) 5,000 24,266
Interest paid $ 370 $ 132