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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Millions, unless otherwise specified
6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Cash flows from operations:    
Net income $ 135.1 $ 148.8
Charges (credits) to reconcile net income to net cash (used for) provided from operations:    
Net realized and unrealized investment gains (37.9) (50.5)
Deferred income tax expense 8.2 31.9
Net (gain) loss from discontinued operations (4.4) 8.8
Gain on sale of subsidiary - Essentia (23.0) 0
Excess of fair value of acquired net assets over cost - American Fuji (6.9) 0
Undistributed equity in earnings from unconsolidated affiliates, net of tax (16.3) (16.7)
Other operating items:    
Net change in loss and loss adjustment expense reserves (99.4) (213.1)
Net change in reinsurance recoverable on paid and unpaid losses 36.0 69.7
Net change in unearned insurance and reinsurance premiums 112.3 225.9
Net change in variable annuity benefit guarantee liabilities (247.4) (106.7)
Net change in variable annuity benefit guarantee derivative instruments (43.0) (40.1)
Net change in deferred acquisition costs 12.5 (13.9)
Net change in funds held by ceding companies 35.0 (1.9)
Net change in ceded unearned premiums (54.5) (49.9)
Net change in funds held under reinsurance treaties 33.1 5.0
Net change in insurance and reinsurance premiums receivable (191.7) (268.4)
Net change in ceded reinsurance payable 70.8 38.7
Net change in other assets and liabilities, net 89.9 43.4
Net cash used for operations - continuing operations (191.6) (189.0)
Net cash used for operations - discontinued operations (72.8) (94.8)
Net cash used for operations (264.4) (283.8)
Cash flows from investing activities:    
Net change in short-term investments 24.2 172.8
Sales of fixed maturity and convertible fixed maturity investments 2,639.4 3,239.6
Maturities, calls and paydowns of fixed maturity and convertible fixed maturity investments 310.3 296.6
Sales of common equity securities 348.2 74.0
Distributions and redemptions of other long-term investments 23.3 20.0
Sales of consolidated and unconsolidated affiliates, net of cash sold 31.3 0
Funding of operational cash flows for discontinued operations (72.8) (94.8)
Purchases of other long-term investments (21.9) (13.9)
Purchases of common equity securities (251.9) (233.4)
Purchases of fixed maturity and convertible fixed maturity investments (2,605.2) (2,491.7)
Purchases of consolidated and unconsolidated affiliates, net of cash acquired (9.2) 0
Net change in unsettled investment purchases and sales 34.3 (61.6)
Net acquisitions of property and equipment (6.2) (0.8)
Net cash provided from investing activities - continuing operations 443.8 906.8
Net cash provided from investing activities - discontinued operations 72.8 94.8
Net cash provided from investing activities 516.6 1,001.6
Cash flows from financing activities:    
Draw down of revolving line of credit 130.0 0
Repayment of revolving line of credit (205.0) 0
Payments on capital lease obligation (2.7) (2.4)
Cash dividends paid to the Company’s common shareholders (6.2) (6.6)
Cash dividends paid to OneBeacon Ltd.’s non-controlling common shareholders (9.9) (9.9)
Cash dividends paid on SIG Preference Shares (9.4) (9.4)
Common shares repurchased (79.8) (491.0)
Net cash used for financing activities - continuing operations (175.0) (519.3)
Net cash (used for) provided from financing activities - discontinued operations 0 0
Net cash used for financing activities (175.0) (519.3)
Effect of exchange rate changes on cash (2.7) (0.8)
Net change in cash during the period 74.5 197.7
Cash reclassified from assets held for sale (cash sold of $0 and $3.5) 0 2.0
Cash balances at beginning of period (excludes restricted cash balances of $249.8 and $453.5) 212.6 251.9
Cash balances at end of period (excludes restricted cash balances of $61.2 and $360.0) 287.1 451.6
Supplemental cash flows information:    
Interest paid (19.3) (12.8)
Net income tax payments to national governments (8.4) (8.7)
BAM
   
Charges (credits) to reconcile net income to net cash (used for) provided from operations:    
Net realized and unrealized investment gains 10.5  
Cash flows from financing activities:    
Members contribution $ 8.0 $ 0