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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Cash provided by (used in) operating activities    
Net income (loss) $ (40,270) $ 5,906
Adjustments to reconcile net income or loss to net cash provided by (used in) operating activities    
Loss (income) from investments in related party investment fund 42,126 (30,756)
Loss (income) from equity accounted investment (888) (431)
Net change in unrealized gains and losses on investments and notes receivable (15,771) 14,150
Net realized (gains) losses on investments 15,000 (14,150)
Foreign exchange (gains) losses on investments 441 (408)
Current expected credit losses recognized on notes receivable and reinsurance assets 250 0
Share-based compensation expense 872 1,122
Amortization and interest expense, net of accruals (438) (389)
Depreciation expense 7 7
Net change in    
Reinsurance balances receivable (13,459) (26,367)
Loss and loss adjustment expenses recoverable 4,389 (2,491)
Deferred acquisition costs 1,631 (2,728)
Unearned premiums ceded 343 728
Other assets 419 (297)
Loss and loss adjustment expense reserves (14,919) 25,269
Unearned premium reserves (1,991) 15,179
Reinsurance balances payable (8,457) 10,853
Funds withheld 706 (1,362)
Other liabilities (1,761) (948)
Net cash provided by (used in) operating activities (31,770) (7,113)
Investing activities    
Proceeds from redemptions from related party investment fund 19,220 57,169
Contributions to related party investment fund (11,188) (520)
Change in due to related party investment fund 0 (9,642)
Net change in notes receivable 2 (2,603)
Non-controlling interest contribution into (withdrawal from) related party joint venture, net 0 (1,278)
Net cash provided by (used in) investing activities 8,034 43,126
Effect of foreign exchange rate changes on cash, cash equivalents and restricted cash (122) 411
Net increase (decrease) in cash, cash equivalents and restricted cash (23,858) 36,424
Cash, cash equivalents and restricted cash at beginning of the period (see Note 2) 767,906 703,231
Cash, cash equivalents and restricted cash at end of the period (see Note 2) 744,048 739,655
Supplementary information    
Interest paid in cash 2,000 1,933
Non-cash transfer of investments (Note 3) 0 36,673
Non-cash addition of right-of-use asset $ 0 $ 323