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Unaudited Condensed Consolidated Statements Of Cash Flows - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
CASH FLOWS PROVIDED BY OPERATING ACTIVITIES:    
Net income $ 296.1 $ 82.2
Adjustments to reconcile net income to cash provided by operating activities:    
Net realized gains on sales of investments (37.7) (41.2)
Mark to market adjustments (91.1) 112.4
Stock compensation expense 13.4 11.8
Undistributed income of equity method investments 22.2 19.2
Changes in:    
Reserve for losses and loss expenses, net of reinsurance recoverables 138.9 188.8
Unearned premiums, net of prepaid reinsurance 45.5 113.4
Insurance balances receivable (148.8) (123.2)
Funds held 376.9 280.4
Reinsurance balances payable 44.1 40.4
Reinsurance recoverable on paid losses (32.6) (31.0)
Net deferred acquisition costs 7.5 (10.9)
Net deferred tax assets (1.9) (10.1)
Accounts payable and accrued liabilities (28.2) (39.0)
Other items, net 15.2 (1.7)
Net cash provided by operating activities 619.5 591.5
CASH FLOWS PROVIDED BY (USED IN) INVESTING ACTIVITIES:    
Purchases of trading securities (4,322.6) (3,962.3)
Purchases of other invested assets (58.5) (110.9)
Sales of trading securities 4,595.8 3,888.4
Sales of other invested assets 99.2 160.3
Purchases of fixed assets (3.1) (23.8)
Change in restricted cash (38.2) (78.9)
Net cash paid for acquisitions (1.2) (141.5)
Net cash provided by (used in) investing activities 271.4 (268.7)
CASH FLOWS USED IN FINANCING ACTIVITIES:    
Dividends paid (68.8) (66.8)
Proceeds from the exercise of stock options 7.7 9.2
Repayment of senior notes (500.0) 0.0
Share repurchases (165.7) (246.4)
Proceeds from other long-term debt 0.0 4.0
Repayment of other long-term debt (0.2) (0.2)
Net cash used in financing activities (727.0) (300.2)
Effect of exchange rate changes on foreign currency cash 1.9 (8.1)
NET INCREASE IN CASH AND CASH EQUIVALENTS 165.8 14.5
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 608.0 589.3
CASH AND CASH EQUIVALENTS, END OF PERIOD 773.8 603.8
Supplemental disclosure of cash flow information:    
Cash paid for income taxes 2.3 2.2
Cash paid for interest expense $ 56.6 $ 45.8