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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Cash flows provided by (used in) operating activities    
Net income $ 66,462 $ 139,336
Adjustments to reconcile net income to cash provided by (used in) operating activities:    
Share compensation expenses 9,729 9,491
Amortization of discount on senior notes 27 27
(Income) from investment and operating affiliates (13,068) (5,188)
Net realized and change in net unrealized losses (gains) on investments 55,181 (12,184)
Amortization of intangible assets 2,243 1,416
Foreign exchange (gains) included in net income (9,885) (4,938)
Amortization of premium on fixed maturities 3,899 3,536
Change in:    
Premiums receivable (924,817) (488,653)
Deferred acquisition costs (96,009) (82,953)
Prepaid reinsurance premiums (257,962) (121,050)
Loss reserves recoverable 255,701 (20,743)
Paid losses recoverable (13,069) (2,619)
Reserve for losses and loss expenses (207,632) 53,436
Unearned premiums 1,095,182 536,425
Reinsurance balances payable 66,720 63,070
Other operational balance sheet items, net 13,240 (50,610)
Net cash provided by operating activities 45,942 17,799
Cash flows provided by (used in) investing activities    
Proceeds on sales of fixed maturity investments 785,662 743,631
Proceeds on maturities of fixed maturity investments 166,651 123,269
Purchases of fixed maturity investments (963,990) (676,349)
Purchases (sales) of short-term investments, net (257,214) 11,030
Purchases of other investments, net (1,137) (34,295)
Decrease (increase) in securities lending collateral (1,493) (607)
(Investments in) distributions from investment affiliates, net (266) 10,922
Net cash (used in) provided by investing activities (271,787) 177,601
Cash flows provided by (used in) financing activities    
Net proceeds on issuance of notes payable to AlphaCat investors 155,966 73,048
Redemption of common shares, net (12) (167)
Dividends paid on preferred shares (5,828) (2,203)
Dividends paid on common shares (31,032) (30,092)
(Decrease) increase in securities lending payable 1,493 607
Third party investment in redeemable noncontrolling interests 385,300 103,699
Third party redemption of redeemable noncontrolling interests (173,986) (68,296)
Third party investment in noncontrolling interests 281,300 154,980
Third party distributions of noncontrolling interests 0 (62,770)
Third party subscriptions deployed in AlphaCat Funds and Sidecars (578,666) (144,452)
Net cash provided by financing activities 34,535 24,354
Effect of foreign currency rate changes on cash and cash equivalents and restricted cash 16,107 5,798
Net (decrease) increase in cash and cash equivalents and restricted cash (175,203) 225,552
Cash and cash equivalents and restricted cash—beginning of period 1,149,653 490,932
Cash and cash equivalents and restricted cash—end of period 974,450 716,484
Supplemental disclosure of cash flow information:    
Taxes paid during the period 460 16
Interest paid during the period $ 19,068 $ 19,073