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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Cash flows provided by (used in) operating activities      
Net (loss) income $ (404,902) $ 487,202 $ 467,857
Adjustments to reconcile net (loss) income to cash provided by (used in) operating activities:      
Share compensation expenses 40,111 42,907 38,341
Loss on redemption of AlphaCat ILS fund 402 0 0
Amortization of discount on senior notes 108 108 108
(Income) loss from investment and operating affiliates (22,010) 2,106 (332)
Net realized and change in net unrealized (gains) losses on investments (10,838) (32,628) 30,097
Amortization of intangible assets 8,261 5,666 5,666
Foreign exchange (gains) losses included in net income (14,719) 3,043 18,907
Amortization of premium on fixed maturity investments 15,910 17,961 23,075
Change in operational balance sheet items:      
Premiums receivable 353,787 (76,659) 44,154
Deferred acquisition costs (8,705) (28,225) (19,980)
Prepaid reinsurance premiums 172,215 (4) 4,955
Loss reserves recoverable (745,979) (85,264) 24,659
Paid losses recoverable 6,352 (11,932) 15,111
Reserve for losses and loss expenses 1,717,794 37,042 (231,345)
Unearned premiums (335,512) 109,839 (23,019)
Reinsurance balances payable (18,381) (18,487) (52,785)
Other operational balance sheet items, net (364,160) (42,472) (10,963)
Net cash provided by operating activities 389,734 410,203 334,506
Cash flows provided by (used in) investing activities      
Proceeds on sales of fixed maturity investments 3,135,835 2,671,226 3,842,408
Proceeds on maturities of fixed maturity investments 482,006 349,722 332,410
Purchases of fixed maturity investments (3,850,224) (3,074,703) (4,225,031)
Purchases of short-term investments, net (577,391) (856,021) (436,690)
Purchases of other investments, net (7,093) (64,943) (5,988)
Decrease (increase) in securities lending collateral 7,062 (4,916) (4,393)
Distributions from operating affiliates 0 369 46,603
Distributions (investments) in investment affiliates, net 22,304 (14,841) (19,886)
Purchase of subsidiary, net of cash (183,923) 0 0
Net cash used in investing activities (971,424) (994,107) (470,567)
Cash flows provided by (used in) financing activities      
Net proceeds on issuance of notes payable to AlphaCat investors 311,054 296,325 75,493
Proceeds drawn on credit facilities 206,000 0 0
Net proceeds on issuance of preferred shares 241,686 144,852 0
(Redemption) issuance of common shares, net (11,578) (7,701) 17,407
Purchases of common shares under share repurchase program (26,568) (212,675) (260,430)
Dividends paid on preferred shares (15,861) (4,455) 0
Dividends paid on common shares (123,859) (115,625) (112,967)
(Decrease) increase in securities lending payable (7,528) 4,916 4,393
Third party investments in redeemable noncontrolling interests 397,199 393,450 499,200
Third party redemptions of redeemable noncontrolling interests (258,869) (17,285) (86,933)
Third party investments in noncontrolling interests 258,300 171,674 9,600
Third party distributions of noncontrolling interests (200,690) (127,103) (168,758)
Third party subscriptions received (deployed) on funds and sidecars, net 458,881 (225,284) 249,636
Net cash provided by financing activities 1,228,167 301,089 226,641
Effect of foreign currency rate changes on cash and cash equivalents and restricted cash 12,244 (22,632) (17,605)
Net increase (decrease) in cash and cash equivalents and restricted cash 658,721 (305,447) 72,975
Cash and cash equivalents and restricted cash - beginning of year 490,932 796,379 723,404
Cash and cash equivalents and restricted cash - end of year 1,149,653 490,932 796,379
Supplemental disclosure of cash flow information:      
Taxes paid during the year 4,321 6,034 16,050
Interest paid during the year $ 54,433 $ 54,638 $ 55,047