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Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
OPERATING ACTIVITIES      
Net income (loss) $ 1,799,462 $ (130,353) $ 400,758
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Deferred income tax expense (benefit) 323,385 2,729 (324,090)
Depreciation and amortization 269,239 227,846 203,871
Net investment losses (gains) (1,601,722) 437,596 5,303
Net foreign exchange losses (gains) 2,265 (106,598) (3,140)
Impairment of goodwill and intangible assets 0 199,198 0
Increase in receivables (103,982) (27,961) (38,259)
Increase in deferred policy acquisition costs (93,015) (15,585) (67,923)
Increase in unpaid losses and loss adjustment expenses, net 226,263 298,796 619,305
Decrease in life and annuity benefits (52,159) (50,541) (55,647)
Increase in unearned premiums, net 354,116 62,879 197,706
Increase (decrease) in payables to insurance and reinsurance companies 65,460 (4,313) (40,761)
Increase (decrease) in income taxes payable 36,938 53,730 (35,968)
Increase (decrease) in accrued expenses 24,432 (23,756) (71,669)
Increase (decrease) in other liabilities (9,528) (5,637) 45,051
Other 32,966 (25,173) 23,992
Net Cash Provided By Operating Activities 1,274,120 892,857 858,529
INVESTING ACTIVITIES      
Proceeds from sales of fixed maturities and equity securities 353,918 419,199 577,650
Proceeds from maturities, calls and prepayments of fixed maturities 772,336 551,808 1,129,895
Cost of fixed maturities and equity securities purchased (955,970) (1,545,913) (1,176,281)
Net change in short-term investments (95,867) 1,101,636 234,743
Cost of equity method investments (257,663) (8,864) (13,023)
Additions to property and equipment (123,376) (106,593) (74,652)
Acquisitions, net of cash acquired (245,332) (1,175,211) (1,431,712)
Other 16,795 (33,301) 8,923
Net Cash Used By Investing Activities (535,159) (797,239) (744,457)
FINANCING ACTIVITIES      
Additions to senior long-term debt and other debt 1,645,182 206,949 664,657
Repayments of senior long-term debt and other debt (1,103,674) (289,199) (259,972)
Premiums and fees related to early extinguishment of debt (27,073) 0 0
Repurchases of common stock (116,307) (54,007) (110,838)
Payment of contingent consideration (14,113) (15,914) (5,018)
Purchase of noncontrolling interests (9,754) (13,523) (18,334)
Distributions to noncontrolling interests (8,992) (9,164) (7,899)
Other (5,952) (4,127) (6,281)
Net Cash Provided (Used) By Financing Activities 359,317 (178,985) 256,315
Effect of foreign currency rate changes on cash, cash equivalents, restricted cash and restricted cash equivalents 5,643 (21,047) 45,295
Increase (decrease) in cash, cash equivalents, restricted cash and restricted cash equivalents 1,103,921 (104,414) 415,682
Cash, cash equivalents, restricted cash and restricted cash equivalents at beginning of year 2,396,432 2,500,846 2,085,164
CASH, CASH EQUIVALENTS, RESTRICTED CASH AND RESTRICTED CASH EQUIVALENTS AT END OF YEAR $ 3,500,353 $ 2,396,432 $ 2,500,846