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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Cash flows from operations:      
Net income $ 309,400,000 $ 193,400,000 $ 809,400,000
Charges (credits) to reconcile net income to net cash (used for) provided from operations:      
Net realized and unrealized investment gains (161,700,000) (118,200,000) (74,100,000)
Net (gain) loss on sale of consolidated and unconsolidated affiliates (21,300,000) 0 0
Excess of fair value of acquired net assets over cost (15,200,000) (34,200,000) (7,200,000)
Deferred income tax expense (benefit) 39,700,000 (16,800,000) (71,000,000)
Undistributed equity in (earnings) loss from unconsolidated affiliates, after-tax (36,600,000) (29,900,000) 20,200,000
Net loss from discontinued operations 42,100,000 24,000,000 36,700,000
Net (gain) loss on sale of other discontinued operations (46,600,000) 91,000,000 (658,300,000)
Other operating items:      
Net change in loss and loss adjustment expense reserves (164,600,000) (172,200,000) (23,400,000)
Net change in reinsurance recoverable on paid and unpaid losses 25,000,000 42,400,000 66,000,000
Net change in unearned insurance and reinsurance premiums (12,500,000) 63,100,000 67,000,000
Net change in ceded reinsurance premiums payable (28,100,000) 3,800,000 39,500,000
Net change in ceded unearned insurance and reinsurance premiums 1,400,000 0 (8,600,000)
Net change in insurance and reinsurance premiums receivable 12,700,000 (79,200,000) (42,400,000)
Net change in variable annuity benefit guarantee liabilities (388,700,000) (327,100,000) 158,300,000
Net change in variable annuity benefit derivative instruments 29,100,000 192,100,000 57,100,000
Net change in deferred acquisition costs 17,100,000 (5,700,000) (15,300,000)
Net change in funds held by ceding companies 14,400,000 (17,700,000) 11,600,000
Net change in funds held under reinsurance treaties 98,800,000 10,600,000 (42,400,000)
Net change in restricted cash 193,700,000 203,700,000 (166,800,000)
Net change in other assets and liabilities, net 63,200,000 (52,700,000) (62,200,000)
Net cash (used for) provided from continuing operations (28,700,000) (29,600,000) 94,100,000
Net cash used for discontinued operations (72,300,000) (196,200,000) (208,600,000)
Net cash used for operations (101,000,000) (225,800,000) (114,500,000)
Cash flows from investing activities:      
Net change in short-term investments 34,800,000 145,300,000 174,500,000
Sales of fixed maturity and convertible fixed maturity investments 3,879,800,000 6,040,000,000 3,481,900,000
Maturities, calls and paydowns of fixed maturity and convertible fixed maturity investments 465,800,000 678,400,000 1,163,600,000
Sales of common equity securities 521,100,000 192,400,000 237,800,000
Distributions and redemptions of other long-term investments 58,100,000 86,700,000 150,700,000
Sales of unconsolidated affiliates, net of cash sold and held in escrow 32,400,000 24,800,000 1,010,600,000
Contributions to other long-term investments (36,300,000) (96,700,000) (65,800,000)
Funding of operational cash flows for discontinued operations (72,300,000) (196,200,000) (171,800,000)
Purchases of common equity securities (432,200,000) (365,200,000) (297,800,000)
Purchases of fixed maturity and convertible fixed maturity investments (4,132,000,000) (5,810,100,000) (5,200,600,000)
Purchases of consolidated and unconsolidated affiliates (net of cash acquired of $28.5, $9.0 and $2.0) 15,900,000 (41,300,000) (3,200,000)
Net change in unsettled investment purchases and sales 7,500,000 (22,400,000) 47,000,000
Net acquisitions of property and equipment (13,100,000) (2,300,000) (5,500,000)
Net cash provided from investing activities — continuing operations 329,500,000 633,400,000 521,400,000
Net cash provided from investing activities — discontinued operations 72,300,000 196,200,000 278,200,000
Net cash provided from investing activities 401,800,000 829,600,000 799,600,000
Cash flows from financing activities:      
Draw down of revolving line of credit 200,000,000 150,000,000 0
Repayment of revolving line of credit (275,000,000) (75,000,000) 0
Repurchase of debt 0 (275,900,000) (161,600,000)
Issuance of debt, net of debt issuance costs 0 271,900,000 0
Change in capital lease obligation (5,700,000) (4,900,000) 23,100,000
Cash dividends paid to the Company’s common shareholders (6,200,000) (6,600,000) (8,000,000)
Cash dividends paid to OneBeacon Ltd.’s non-controlling common shareholders (19,900,000) (19,800,000) (42,800,000)
Cash dividends paid on SIG Preference Shares (18,800,000) (18,800,000) (18,800,000)
Common shares repurchased (79,800,000) (669,100,000) (253,000,000)
Proceeds from issuances of common shares 0 0 900,000
Capital contributions from non-controlling interest of consolidated LPs 1,600,000 0 0
Redemptions paid to non-controlling interest of consolidated LPs (700,000) 0 0
Purchase of interest rate cap (9,900,000) 0 0
Collateral provided by interest rate cap counterparties 10,800,000 0 0
Capital contributions from BAM members 17,100,000 0 0
Net cash used for financing activities — continuing operations (186,500,000) (648,200,000) (460,200,000)
Net cash (used for) provided from financing activities — discontinued operations 0 0 0
Net cash used for financing activities (186,500,000) (648,200,000) (460,200,000)
Effect of exchange rate changes on cash (200,000) 3,100,000 (1,500,000)
Net change in cash during the period 114,100,000 (41,300,000) 223,400,000
Cash reclassified to assets held for sale (net of cash sold of $0, $3.5, and $0) 0 2,000,000 (5,500,000)
Cash balance at beginning of year (excludes restricted cash balances of $249.8, $453.5 and $286.7 and AutoOne cash of $0, $0 and $4.7) 212,600,000 251,900,000 103,600,000
Cash balance at end of year (excludes restricted cash balances of $56.1, $249.8, and $453.5) 326,700,000 212,600,000 251,900,000
Discontinued Operations
     
Charges (credits) to reconcile net income to net cash (used for) provided from operations:      
Net realized and unrealized investment gains 0 0 (700,000)
Net loss from discontinued operations 42,100,000 24,000,000 36,700,000
Net (gain) loss on sale of other discontinued operations (46,600,000) 91,000,000 (658,300,000)
Cash flows from financing activities:      
Net change in cash during the period $ 0 $ 0 $ (69,600,000)