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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash flows from operations:    
Net income (loss) $ (218.6) $ 22.0
Adjustments to reconcile net income to net cash provided from (used for) operations:    
Net realized and unrealized investment (gains) losses 112.5 (60.7)
Net realized and unrealized investment (gains) losses from investment in MediaAlpha 94.7 (71.3)
Deferred income tax expense 4.0 28.5
Amortization of restricted share awards 6.5 7.5
Amortization and depreciation 8.4 8.2
Net (income) loss from NSM Group discontinued operation, net of tax (10.1) 29.1
Net (gain) loss from sale of Sirius Group, net of tax 0.0 (18.7)
Other operating items:    
Net change in reinsurance recoverables 49.7 2.0
Net change in insurance premiums receivable (478.8) (352.3)
Net change in ceded unearned premiums (38.3) 54.1
Net change in loss and loss adjustment expense reserves 127.4 64.0
Net change in unearned insurance premiums 532.4 406.0
Net change in deferred acquisition costs (85.0) (81.5)
Net change in reinsurance payable (5.3) (15.5)
Net change in restricted cash 2.8 4.0
Investments in Kudu Participation Contracts (52.8) (11.3)
Net change in other assets and liabilities, net (46.3) (42.6)
Net cash provided from (used for) operations - continuing operations 3.2 (28.5)
Net cash provided from (used for) operations - NSM Group discontinued operations (Note 19) 36.7 42.4
Net cash provided from (used for) operations 39.9 13.9
Cash flows from investing activities:    
Net change in short-term investments 212.6 (8.3)
Sales of fixed maturity investments 153.4 127.2
Maturities, calls and paydowns of fixed maturity investments 75.6 86.4
Sales of common equity securities and investment in MediaAlpha 0.0 176.8
Distributions and redemptions of other long-term investments 46.5 58.1
Proceeds from the sale of consolidated subsidiaries, net of cash sold of $0.0 and $0.0 19.5 0.0
Release of cash pre-funded/placed in escrow for Ark Transaction 0.0 646.3
Purchases of consolidated subsidiaries, net of cash acquired of $0.3 and $52.2 (67.9) 10.6
Purchases of other long-term investments (50.4) (130.2)
Purchases of common equity securities (38.1) (103.7)
Purchases of fixed maturity investments (330.8) (764.3)
Other investing activities, net 5.7 (6.0)
Net cash provided from (used for) investing activities - continuing operations 26.1 92.9
Net cash provided from (used for) investing activities - NSM Group discontinued operations (Note 19) 7.1 (2.6)
Net cash provided from (used for) investing activities 33.2 90.3
Cash flows from financing activities:    
Draw down of debt and revolving line of credit 203.0 105.3
Repayment of debt and revolving line of credit (2.4) (94.2)
Cash dividends paid to the Company’s common shareholders (3.0) (3.1)
Common shares repurchased (101.6) (7.4)
Net distributions from non-controlling interest shareholders (6.5) (1.1)
Contributions from discontinued operations 11.6 0.0
Capital contributions from BAM members 36.3 30.1
Acquisition of subsidiary shares by non-controlling interest shareholders 74.6 6.1
Fidus Re premium payment (3.8) (5.0)
Other financing activities, net (1.8) (7.8)
Net cash provided from (used for) financing activities - continuing operations 206.4 22.9
Net cash provided from (used for) financing activities - NSM Group discontinued operations (Note 19) (16.9) (11.2)
Net cash provided from (used for) financing activities 189.5 11.7
Net change in cash during the period 235.7 87.3
Cash balances at beginning of period (includes restricted cash balances of $4.5 and $— and excludes discontinued operations cash balances of $111.6 and $126.6) 147.7 84.6
Cash balances at end of period (includes restricted cash balances of $7.3 and $4.0 and excludes discontinued operations cash balances of $142.7 and 154.8) 383.4 171.9
Supplemental cash flows information:    
Interest paid (6.3) (3.4)
Net income tax payments (3.8) (2.1)
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 $ 94.7 $ (71.3)