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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Cash flows from operations:    
Net income $ 5.5 $ 235.1
Charges (credits) to reconcile net income to net cash used for operations:    
Net realized and unrealized investment losses (gains) 33.9 (64.4)
Deferred income tax (benefit) expense (20.2) 5.8
Net income from discontinued operations (73.3) (166.8)
Net gain on sale of discontinued operations (18.2) (9.7)
Gain on sale of subsidiaries - Hamer and Essentia (16.1) 0.0
Amortization and depreciation 46.8 27.6
Undistributed equity in earnings from unconsolidated affiliates, net of tax (18.0) (33.3)
Other operating items:    
Net change in loss and loss adjustment expense reserves 83.3 101.7
Net change in reinsurance recoverable on paid and unpaid losses (63.3) (23.4)
Net change in unearned insurance premiums 54.6 90.8
Net change in variable annuity benefit guarantee liabilities (1.7) (41.1)
Net change in variable annuity benefit guarantee derivative instruments 19.4 3.9
Net change in deferred acquisition costs (3.6) (19.7)
Net change in funds held by ceding entities 32.5 (33.3)
Net change in ceded unearned premiums (23.4) (0.4)
Net change in funds held under insurance treaties 19.3 13.5
Net change in insurance premiums receivable (32.0) (50.4)
Net change in ceded reinsurance payable 12.6 3.3
Net change in restricted cash 6.9 32.3
Net change in other assets and liabilities, net 35.6 2.0
Net cash provided from operations - continuing operations 80.6 73.5
Net cash provided from operations 87.3 123.3
Cash flows from investing activities:    
Net change in short-term investments 26.6 (104.2)
Sales of fixed maturity and convertible fixed maturity investments 865.0 1,734.7
Maturities, calls and paydowns of fixed maturity and convertible fixed maturity investments 249.5 241.6
Sales of common equity securities 370.6 312.8
Distributions and redemptions of other long-term investments 56.6 26.2
Sales of consolidated and unconsolidated affiliates, net of cash sold 24.0 0.0
Net change in cash during the period 17.5 (27.6)
Purchases of other long-term investments (30.5) (26.8)
Purchases of common equity securities (329.4) (141.9)
Purchases of fixed maturity and convertible fixed maturity investments (1,300.2) (1,822.6)
Purchases of consolidated and unconsolidated affiliates, net of cash acquired (33.3) (32.2)
Net change in unsettled investment purchases and sales 71.8 9.3
Net dispositions (acquisitions) of property and equipment 37.0 (3.3)
Net cash provided from investing activities - continuing operations 25.2 166.0
Net cash provided from investing activities 60.9 213.5
Cash flows from financing activities:    
Draw down of debt and revolving line of credit 134.0 40.0
Repayment of debt and revolving line of credit (92.9) (40.2)
Payments on capital lease obligation (3.5) (4.0)
Cash dividends paid to the Company’s common shareholders (6.0) (6.2)
Cash dividends paid to OneBeacon Ltd.’s non-controlling common shareholders (14.8) (14.8)
Common shares repurchased (168.6) (100.6)
OneBeacon Ltd. common shares repurchased and retired (1.8) (1.8)
Proceeds from Partnership Contribution 0.0 2.5
Distribution to non-controlling interest shareholders (9.1) 0.0
Proceeds from (Payments for) Other Financing Activities 0.0 (4.9)
Distributions from contributions to discontinued operations (9.1) 40.8
Payments to Acquire Additional Interest in Subsidiaries (9.1) 0.0
Capital contributions from BAM members 20.3 11.6
Net cash used for financing activities - continuing operations (160.6) (77.6)
Net cash used for financing activities (163.0) (133.2)
Effect of exchange rate changes on cash (excludes ($4.1) and ($10.6) related to discontinued operations) 0.0 0.0
Net change in cash during the period - continuing operations (54.8) 161.9
Cash balances at beginning of period 238.0 233.5
Cash balances at end of period 183.2 395.4
Supplemental cash flows information:    
Interest paid (8.9) (6.4)
Net income tax refund from national governments 8.0 0.3
Discontinued Operations [Member]    
Charges (credits) to reconcile net income to net cash used for operations:    
Net realized and unrealized investment losses (gains) (31.4) (134.1)
Net income from discontinued operations (95.5) (218.6)
Net gain on sale of discontinued operations (73.3) (166.8)
Other operating items:    
Net cash provided from operations - discontinued operations 6.7 49.8
Cash flows from investing activities:    
Net change in cash during the period 35.9 31.1
Net cash provided from investing activities - discontinued operations 35.7 47.5
Cash flows from financing activities:    
Net cash used for financing activities - discontinued operations (2.4) (55.6)
Cash balances at beginning of period 111.5 93.2
Cash balances at end of period 147.4 124.3
Supplemental cash flows information:    
Net income tax refund from national governments $ 30.3 $ (7.5)