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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Millions
3 Months Ended 12 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Dec. 31, 2021
Cash flows from operations:      
Net income (loss) $ (8.4) $ (110.5)  
Adjustments to reconcile net income to net cash provided from (used for) operations:      
Net realized and unrealized investment (gains) losses 8.4 (1.1)  
Deferred income tax expense 4.6 (1.4)  
Net (gain) loss from sale of discontinued operations, net of tax 0.0 (18.7)  
Amortization of restricted share awards 2.9 4.0  
Amortization and depreciation 16.0 12.8  
Other operating items:      
Net change in reinsurance recoverables 35.7 (15.7)  
Net change in insurance premiums receivable (343.6) (199.7)  
Net change in premiums and commissions receivable (12.6) (0.2)  
Net change in ceded unearned premiums (19.7) 24.8  
Net change in loss and loss adjustment expense reserves 104.9 56.0  
Net change in premiums payable 10.1 2.6  
Net change in unearned insurance premiums 388.2 245.5  
Net change in deferred acquisition costs (71.6) (51.3)  
Net change in reinsurance payable (75.2) (40.7)  
Net change in restricted cash 1.0 4.8  
Investments in Kudu Participation Contracts 0.0 (11.0)  
Net change in other assets and liabilities, net (63.4) (34.7)  
Net cash provided from (used for) operations (41.5) (92.8)  
Cash flows from investing activities:      
Net change in short-term investments 144.5 (103.1)  
Sales of fixed maturity investments 86.5 97.8  
Maturities, calls and paydowns of fixed maturity investments 39.0 31.4  
Sales of common equity securities and investment in MediaAlpha 0.0 160.3  
Distributions and redemptions of other long-term investments and settlements of forward contracts 39.8 40.1  
Release of cash pre-funded/placed in escrow for Ark Transaction 0.0 646.3  
Purchases of consolidated subsidiaries, net of cash acquired of $— and $52.0 0.0 11.1  
Purchases of other long-term investments (21.4) (101.0)  
Purchases of common equity securities (38.0) (68.8)  
Purchases of fixed maturity investments (115.0) (411.1)  
Other investing activities, net 4.4 60.9  
Net cash provided from (used for) investing activities 139.8 363.9  
Cash flows from financing activities:      
Draw down of debt and revolving line of credit 15.0 105.3  
Repayment of debt and revolving line of credit (14.8) (93.7)  
Cash dividends paid to the Company’s common shareholders (3.0) (3.1)  
Common shares repurchased (34.8) 0.0  
Net contributions from non-controlling interest shareholders 0.3 (1.3)  
Contingent consideration payments related to acquisitions of subsidiaries 0.0 (6.7)  
Capital contributions from BAM members 12.3 13.8  
Fidus Re premium payment (1.9) (3.2)  
Other financing activities, net (4.2) (4.6)  
Net cash provided from (used for) financing activities (31.1) 6.5  
Effect of exchange rate changes on cash 0.6 (0.3)  
Net change in cash during the period - continuing operations, including the effect of exchange rate changes 67.8 277.3  
Cash balances at beginning of period (includes restricted cash balances of $89.2 and $78.4) 259.3 211.2 $ 211.2
Cash balances at end of period (includes restricted cash balances of $94.7 and $83.2) 327.1 488.5 $ 259.3
Supplemental cash flows information:      
Interest paid (8.4) (7.5)  
Net income tax payments (0.3) (1.4)  
Marketing Technology (MediaAlpha)      
Adjustments to reconcile net income to net cash provided from (used for) operations:      
Net realized and unrealized investment (gains) losses from investment in MediaAlpha $ (18.8) $ 41.7