XML 24 R7.htm IDEA: XBRL DOCUMENT v3.21.2
Consolidated Statements of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Cash flows from operating activities:    
Net income (loss) $ (11) $ (315)
Other Depreciation and Amortization 1 0
Adjustments to reconcile net income to net cash used in operating activities:    
Amortization of bond premium and discount (6) (8)
Share-based compensation 6 6
Deferred income taxes 6 (8)
Current income taxes (3) (7)
Unearned premiums, net (45) (19)
Losses and loss expenses, net (56) 71
Ceded premiums payable 7 (2)
Premium receivables 26 24
Accrued interest payable 45 46
Amortization of intangible assets 33 27
Net realized investment gains (1) (18)
Net realized gains (losses) on extinguishment of debt (33)  
Variable interest entity activities (2) (3)
Derivative assets and liabilities (17) 21
Other, net (33) 73
Net cash used in operating activities (83) (112)
Cash flows from investing activities:    
Proceeds from sales of bonds 117 876
Proceeds from matured bonds 154 75
Purchases of bonds (228) (685)
Proceeds from sales of other invested assets 61 361
Purchases of other invested assets (80) (401)
Change in short-term investments 76 (38)
Change in cash collateral receivable 0 (13)
Proceeds from paydowns of consolidated VIE assets 87 98
Other, net 0 (2)
Net cash provided by investing activities 187 270
Cash flows from financing activities:    
Paydowns of Ambac note (16) (103)
Tax payments related to shares withheld for share-based compensation plans (6) (3)
Proceeds from (Payments to) Noncontrolling Interests (1)  
Payments of consolidated VIE liabilities (85) (99)
Net cash used in financing activities (107) (205)
Effect of foreign exchange on cash, cash equivalents and restricted cash 0 0
Net cash flow (4) (47)
Cash, cash equivalents, and restricted cash at beginning of period 35 81
Cash, cash equivalents, and restricted cash at end of period 32 34
Net income attributable to common shareholders (12) (315)
Net Income (Loss) Attributable to Nonredeemable Noncontrolling Interest $ 0 $ 0