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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Cash flows from operations:    
Net income (loss) $ 272.2 $ (66.6)
Adjustments to reconcile net income to net cash used for operations:    
Net realized and unrealized investment (gains) losses (245.6) 53.7
Realized gain from the MediaAlpha Transaction (66.2) 0.0
Deferred income expense (benefit) 7.5 (0.8)
Net gain from sale of discontinued operations, net of tax (0.7) (0.1)
Amortization of restricted share and option awards 2.8 3.2
Amortization and depreciation 8.3 4.8
Other operating items:    
Net change in unearned insurance premiums 3.6 3.4
Net change in deferred acquisition costs (0.6) (1.1)
Net change in restricted cash 10.8 0.0
Net change in other assets and liabilities, net (33.2) (41.3)
Net cash used for operations - continuing operations (41.1) (44.8)
Net cash provided from operations - discontinued operations 0.0 0.1
Net cash (used for) provided from operations (41.1) (44.7)
Cash flows from investing activities:    
Net change in short-term investments (55.3) (587.5)
Sales of fixed maturity and convertible investments 93.0 1,266.5
Maturities, calls and paydowns of fixed maturity and convertible investments 25.6 40.6
Sales of common equity securities 136.5 14.4
Distributions and redemptions of other long-term investments and settlements of forward contracts 1.9 (6.9)
Net settlement of investment cash flows and contributions with discontinued operations 0.0 0.1
Purchases of other long-term investments (60.6) (46.0)
Purchases of common equity securities (4.6) (109.4)
Purchases of fixed maturity and convertible investments (152.3) (537.1)
Purchases of consolidated subsidiaries, net of cash acquired of $0.4 (9.6) 0.0
Other investing activities, net (17.4) 42.8
Net cash provided from investing activities - continuing operations (42.8) 77.5
Net cash used for investing activities - discontinued operations 0.0 (0.1)
Net cash provided from investing activities (42.8) 77.4
Cash flows from financing activities:    
Draw down of debt and revolving line of credit 106.5 0.0
Repayment of debt and revolving line of credit (14.8) (2.3)
Cash dividends paid to the Company’s common shareholders (3.2) (3.8)
Distribution to non-controlling interest shareholders (27.6) 0.0
Repurchase of shares from non-controlling interest shareholders (21.1) 0.0
Proceeds from issuance of shares to non-controlling interest shareholders 62.7 0.0
Capital contributions to non-controlling interest shareholders 0.7 0.0
Capital contributions from BAM members 7.9 4.9
Fidus Re premium payment (0.7) 0.0
Restricted share statutory withholding tax payments (4.9) (8.4)
Net cash used for financing activities - continuing operations 105.5 (9.6)
Net cash used for financing activities - discontinued operations 0.0 0.0
Net cash used for financing activities 105.5 (9.6)
Effect of exchange rate changes on cash 0.3 0.0
Net change in cash during the period - continuing operations 21.9 23.1
Cash balances at beginning of period 110.3 97.1
Cash balances at end of period 132.2 120.2
Supplemental cash flows information:    
Interest paid (3.7) (0.3)
Net income tax refunds $ 0.0 $ 0.2