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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
4 Months Ended 8 Months Ended 12 Months Ended
Apr. 30, 2013
Dec. 31, 2013
Dec. 31, 2015
Dec. 31, 2014
Successor [Member]        
Cash flows from operating activities:        
Net income attributable to common shareholders   $ 505,219 $ 493,403 $ 484,071
Net (loss) gain   417 709 375
Net income (loss)   504,802 492,694 483,696
Adjustments to reconcile net income to net cash used in operating activities:        
Depreciation and amortization   1,980 3,213 3,582
Goodwill, Impairment Loss     514,511 0
Amortization of bond premium and discount   (34,698) (129,584) (79,183)
Reorganization items   493 0 211
Share-based compensation   1,106 3,105 3,450
Deferred income taxes   619 126 (120)
Current income taxes   5,148 134 4,963
Deferred acquisition costs   0 0 0
Unearned premiums, net   (205,951) (366,985) (559,642)
Losses and loss expenses, net   (86,838) (795,072) (1,650,090)
Ceded premiums payable   (7,044) (6,942) (10,526)
Investment income due and accrued   298 (249) 12,648
Premium receivables   78,610 169,032 452,414
Accrued interest payable   58,046 51,397 9,322
Amortization of insurance intangible assets   99,658 169,557 151,830
Net mark-to-market (gains) losses   (183,091) (38,916) (20,863)
Net realized investment gains   (4,467) (53,476) (58,777)
(Gain) loss on extinguishment of debt   0 (81) 74,724
Other-than-temporary impairment charges   46,764 25,659 25,794
Variable interest entity activities   48,623 (31,569) 32,212
Other, net   (137,150) 80,988 152,846
Net cash provided by (used in) operating activities   186,908 87,542 (971,509)
Cash flows from investing activities:        
Proceeds from sales of bonds   942,943 1,002,329 3,125,864
Proceeds from matured bonds   613,345 1,029,026 1,402,904
Purchases of bonds   (2,213,116) (2,374,804) (2,937,782)
Proceeds from sales of other invested assets   90,067 177,756 49,739
Purchases of other invested assets   (136,986) (128,186) (133,928)
Change in short-term investments   455,495 134,276 (88,946)
Loans, net   1,103 508 465
Change in cash collateral receivable   (3,040) (6,833) (158,240)
Other, net   2,679 (6,674) 15,077
Net cash provided by (used in) investing activities   (247,510) (172,602) 1,275,153
Cash flows from financing activities:        
Proceeds from the sale of Junior Surplus Notes of the Segregated Account   0 0 224,262
Proceeds Received from a Secured Borrowing   0 143,430 0
Net proceeds received from a secured borrowing   (9,069) (13,533) 0
Paydowns of a secured borrowing   16 3 16
Payments for Repurchase of Warrants   0 (5,375) 0
Proceeds from warrant exercises   (5,926) (63,872) (199,970)
Cost of warrants acquired   0 (13,752) (331,419)
Payments for investment agreement draws   (14,979) 46,901 (307,111)
Payments for extinguishment of long-term debt   (75,581) (38,159) (3,467)
Cash and cash equivalents at beginning of period   152,951 73,903 77,370
Cash and cash equivalents end of period $ 152,951 77,370 35,744 73,903
Cash and cash equivalents end of period        
Income taxes   1,656 16,969 4,400
Interest on investment agreements   832 341 518
Cash payments related to reorganization items:        
Professional fees paid for services rendered in connection with the Chapter 11 proceeding   15,546 0 272
Successor [Member] | Surplus Notes [Member]        
Cash and cash equivalents end of period        
Interest Expense   0 0 82,168
Predecessor [Member]        
Cash flows from operating activities:        
Net income attributable to common shareholders 3,349,049      
Net (loss) gain 1,771      
Net income (loss) 3,347,278      
Adjustments to reconcile net income to net cash used in operating activities:        
Depreciation and amortization 974      
Amortization of bond premium and discount (60,146)      
Reorganization items (2,745,180)      
Share-based compensation 0      
Deferred income taxes (6)      
Current income taxes (101,188)      
Deferred acquisition costs 14,207      
Unearned premiums, net (172,549)      
Losses and loss expenses, net (43,284)      
Ceded premiums payable (2,059)      
Investment income due and accrued 1,781      
Premium receivables 88,990      
Accrued interest payable 23,953      
Amortization of insurance intangible assets 0      
Net mark-to-market (gains) losses 63,828      
Net realized investment gains (53,305)      
(Gain) loss on extinguishment of debt 0      
Other-than-temporary impairment charges 467      
Variable interest entity activities (426,566)      
Other, net 62,122      
Net cash provided by (used in) operating activities (683)      
Cash flows from investing activities:        
Proceeds from sales of bonds 310,916      
Proceeds from matured bonds 307,472      
Purchases of bonds (286,633)      
Proceeds from sales of other invested assets 0      
Purchases of other invested assets (164,368)      
Change in short-term investments (64,956)      
Loans, net 1,920      
Change in cash collateral receivable (19,405)      
Other, net 30,370      
Net cash provided by (used in) investing activities 115,316      
Cash flows from financing activities:        
Proceeds from the sale of Junior Surplus Notes of the Segregated Account 0      
Proceeds Received from a Secured Borrowing 0      
Net proceeds received from a secured borrowing (5,519)      
Paydowns of a secured borrowing 0      
Payments for Repurchase of Warrants 0      
Proceeds from warrant exercises 0      
Cost of warrants acquired 0      
Payments for investment agreement draws (5,519)      
Payments for extinguishment of long-term debt 109,114      
Cash and cash equivalents at beginning of period 43,837 152,951    
Cash and cash equivalents end of period 152,951      
Cash and cash equivalents end of period        
Income taxes 102,129      
Interest on investment agreements 444      
Cash payments related to reorganization items:        
Professional fees paid for services rendered in connection with the Chapter 11 proceeding 3,860      
Predecessor [Member] | Surplus Notes [Member]        
Cash and cash equivalents end of period        
Interest Expense 0      
Variable Interest Entity [Member] | Successor [Member] | Secured Borrowing [Member]        
Cash and cash equivalents end of period        
Interest Paid   $ 170 $ 1,506 $ 0
Variable Interest Entity [Member] | Predecessor [Member] | Secured Borrowing [Member]        
Cash and cash equivalents end of period        
Interest Paid $ 276