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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Cash flows from operations:    
Net income (loss) $ 331.3 $ (50.9)
Adjustments to reconcile net income to net cash used for operations:    
Net realized and unrealized investment gains (347.8) (22.9)
Realized gain from the MediaAlpha Transaction (67.5) 0.0
Deferred income expense (benefit) 11.4 (4.7)
Net (gain) loss from sale of discontinued operations, net of tax (1.6) 17.2
Amortization of restricted share and option awards 8.3 9.7
Amortization and depreciation 19.8 18.4
Other operating items:    
Net change in unearned insurance premiums 27.5 19.4
Net change in deferred acquisition costs (2.4) (2.8)
Net change in restricted cash 17.0 (12.1)
Investments in asset management firms - Kudu (74.4) 0.0
Net change in other assets and liabilities, net 5.9 (1.8)
Net cash used for operations (72.5) (30.5)
Cash flows from investing activities:    
Net change in short-term investments (54.5) (138.5)
Sales of fixed maturity and convertible investments 292.6 1,768.5
Maturities, calls and paydowns of fixed maturity and convertible investments 92.7 124.4
Sales of common equity securities 442.1 129.8
Distributions and redemptions of other long-term investments and settlements of forward contracts 28.7 (5.5)
Purchases of other long-term investments (173.0) (65.9)
Purchases of common equity securities (4.8) (253.0)
Purchases of fixed maturity and convertible investments (428.0) (833.1)
Purchases of consolidated subsidiaries, net of cash acquired of $12.8 and $71.6 (243.4) (252.1)
Other investing activities, net (12.9) 33.8
Net cash (used for) provided from investing activities (60.5) 508.4
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 (22.2) (11.2)
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 (27.7) (4.6)
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 42.9 26.9
Acquisition of additional subsidiary shares from non-controlling interest 0.0 (1.7)
Fidus Re premium payment (2.2) (3.0)
Restricted share statutory withholding tax payments (4.9) (8.4)
Net cash provided from (used for) financing activities 172.7 (462.2)
Effect of exchange rate changes on cash (0.8) (0.6)
Net change in cash during the period - continuing operations, including the effect of exchange rate changes 38.9 15.1
Cash balances at beginning of period 110.3 97.1
Cash balances at end of period 149.2 112.2
Supplemental cash flows information:    
Interest paid (11.7) (5.3)
Net income tax refunds $ (0.3) $ (0.5)