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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Millions
9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Cash flows from operations:  
Net income including noncontrolling interests$ 25.6$ 97.0
Charges (credits) to reconcile net income to cash flows (used for) provided from operations:  
Net loss from discontinued operations4.45.4
Net loss from sale of discontinued operations18.20
Net realized and unrealized investment losses (gains)13.3(79.6)
Net realized gain on Personal Lines Transaction (8.5)
Net other realized losses11.710.8
Deferred income tax (benefit) expense(12.9)53.4
Other operating items:  
Net change in loss and LAE reserves231.6(282.3)
Net change in unearned premiums(31.2)(57.4)
Net change in ceded reinsurance payable(125.0)167.2
Net change in ceded unearned premiums102.4(135.1)
Net change in premiums receivable18.338.4
Net change in reinsurance recoverable on paid and unpaid losses(315.1)308.9
Net change in other assets and liabilities(32.7)(109.0)
Net cash (used for) provided from operations - continuing operations(91.4)9.2
Net cash provided from operations - discontinued operations0.80.5
Net cash (used for) provided from operations(90.6)9.7
Cash flows from investing activities:  
Net maturities, purchases and sales of short-term investments114.3(444.6)
Maturities of fixed maturity investments389.8939.1
Sales of fixed maturity investments1,113.2794.6
Sales of common equity securities89.742.7
Sales of convertible bonds34.4117.5
Distributions and redemptions of other investments34.911.4
Purchases of fixed maturity investments(1,210.1)(1,007.1)
Purchases of common equity securities(74.3)(97.7)
Purchases of convertible bonds(28.8)(31.6)
Contributions for other investments(9.8)(45.8)
Proceeds from the Personal Lines Transaction 166.6
Net change in unsettled investment purchases and sales(8.2)56.8
Net acquisitions of property and equipment(3.2)(4.2)
Net cash provided from investing activities - continuing operations441.9497.7
Net cash provided from investing activities441.9497.7
Cash flows from financing activities:  
Repayment of debt (14.0)
Repurchases of debt(161.6)(197.3)
Cash dividends paid to common shareholders(154.8)(295.8)
Repurchases and retirements of Class A common shares (10.5)
Net cash used for financing activities - continuing operations(316.4)(517.6)
Net cash used for financing activities(316.4)(517.6)
Net increase (decrease) in cash during period34.9(10.2)
Cash reclassified to assets held for sale(5.5) 
Net increase (decrease) after reclassification of cash to assets held for sale29.4(10.2)
Cash balance at beginning of period33.644.8
Cash balance at end of period63.034.6
Supplemental cash flows information:  
Interest paid12.518.1
Net tax (refunds from) payments to state and national governments$ (3.8)$ 6.5