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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Cash flows from operations:    
Net income (loss) $ 288.1 $ (81.5)
Adjustments to reconcile net income to net cash used for operations:    
Net realized and unrealized investment (gains) losses (280.8) 43.2
Realized gain from the MediaAlpha Transaction (67.5) 0.0
Deferred income expense (benefit) 4.0 (1.6)
Net gain from sale of discontinued operations, net of tax (0.7) (0.1)
Amortization of restricted share and option awards 5.4 6.5
Amortization and depreciation 12.0 8.8
Other operating items:    
Net change in unearned insurance premiums 11.8 18.7
Net change in deferred acquisition costs (1.5) (2.4)
Net change in restricted cash 38.8 5.6
Net change in other assets and liabilities, net (7.8) (22.7)
Net cash provided from (used for) operations - continuing operations 1.8 (25.5)
Net cash provided from operations - discontinued operations 0.0 0.1
Net cash provided from (used for) operations 1.8 (25.4)
Cash flows from investing activities:    
Net change in short-term investments 30.9 (146.6)
Sales of fixed maturity and convertible investments 241.5 1,581.6
Maturities, calls and paydowns of fixed maturity and convertible investments 61.5 97.0
Sales of common equity securities 360.1 119.0
Distributions and redemptions of other long-term investments and settlements of forward contracts 3.8 (6.7)
Net settlement of investment cash flows and contributions with discontinued operations 0.0 0.1
Purchases of other long-term investments (169.1) (47.1)
Purchases of common equity securities (4.7) (163.2)
Purchases of fixed maturity and convertible investments (297.4) (691.6)
Purchases of consolidated subsidiaries, net of cash acquired of $12.8 and $71.6 (243.4) (252.1)
Other investing activities, net (95.8) 36.2
Net cash (used for) provided from investing activities - continuing operations (112.6) 526.6
Net cash used for investing activities - discontinued operations 0.0 (0.1)
Net cash (used for) provided from investing activities (112.6) 526.5
Cash flows from financing activities:    
Draw down of debt and revolving line of credit 149.4 50.9
Repayment of debt and revolving line of credit (21.7) (6.1)
Cash dividends paid to the Company’s common shareholders (3.2) (3.8)
Common shares repurchased 0.0 (504.7)
Distribution to non-controlling interest shareholders (27.6) (3.1)
Payments on contingent consideration earnout liability (2.6) (2.6)
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 1.6 0.0
Capital contributions from BAM members 19.9 14.8
Acquisition of additional subsidiary shares from non-controlling interest 0.0 (1.7)
Fidus Re premium payment (1.5) (2.4)
Restricted share statutory withholding tax payments (4.9) (8.4)
Net cash used for financing activities - continuing operations 151.0 (467.1)
Net cash used for financing activities - discontinued operations 0.0 0.0
Net cash used for financing activities 151.0 (467.1)
Effect of exchange rate changes on cash (0.2) 0.0
Net change in cash during the period - continuing operations, including the effect of exchange rate changes 40.0 34.0
Cash balances at beginning of period 110.3 97.1
Cash balances at end of period 150.3 131.1
Supplemental cash flows information:    
Interest paid (7.3) (0.7)
Net income tax refunds $ (0.2) $ 0.0