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UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Cash flows provided by (used in) operating activities:    
Net income (loss) $ 523,892 $ 131,854
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Total net realized (gains) losses on investments and net unrealized (gains) losses on investments, Trading - Life Funds Withheld Assets (93,914) (197,367)
Net realized and unrealized (gains) losses on derivative instruments 7,975 2,716
Amortization of premiums (discounts) on fixed maturities 83,551 90,876
(Income) loss from investment and operating affiliates (94,078) (7,186)
Share-based compensation 29,959 43,226
Depreciation and amortization 36,567 58,643
Accretion of deposit liabilities 20,013 24,816
Changes in:    
Unpaid losses and loss expenses 343,776 651,236
Future policy benefit reserves (121,082) (118,130)
Funds withheld on GreyCastle life retrocession arrangements, net (219,050) (133,839)
Unearned premiums 1,381,596 1,273,539
Premiums receivable (1,280,244) (1,835,783)
Unpaid losses and loss expenses recoverable (257,264) (189,376)
Ceded unearned premiums (830,558) (376,466)
Reinsurance balances receivable (164,010) (149,498)
Deferred acquisition costs and value of business acquired (174,227) (149,218)
Reinsurance balances payable 905,779 798,492
Deferred tax asset - net 9,058 (24,124)
Derivatives 21,701 50,682
Other assets (118,147) (118,265)
Other liabilities (264,463) (37,943)
Other 39,227 (59,506)
Total adjustments (653,138) 63,347
Net cash provided by (used in) operating activities (129,246) 195,201
Cash flows provided by (used in) investing activities:    
Proceeds from sale of fixed maturities and short-term investments 6,387,610 7,449,955
Proceeds from redemption of fixed maturities and short-term investments 2,084,182 2,088,317
Proceeds from sale of equity securities 228,914 114,958
Purchases of fixed maturities and short term investments (8,719,024) (8,356,108)
Purchases of equity securities (277,329) (255,442)
Proceeds from sale of affiliates 236,861 153,928
Purchases of affiliates (51,891) (408,886)
Purchase of subsidiaries, net of cash acquired 0 (69,745)
Change in restricted cash (27,726) (26,866)
Other, net 5,127 108,095
Net cash provided by (used in) investing activities (133,276) 798,206
Cash flows provided by (used in) financing activities:    
Proceeds from issuance of ordinary shares and exercise of stock options 42,630 1,727
Buybacks of common shares (450,629) (684,386)
Employee withholding on share-based compensation (23,957) (27,947)
Dividends paid on common shares (115,589) (113,731)
Distributions to non-controlling interests (73,708) (65,682)
Contributions from non-controlling interests 25 1,130
Proceeds from Issuance of Long-term Debt 558,311 0
Repayment of debt 0 8,248
Deposit liabilities (11,150) (14,807)
Net cash provided by (used in) financing activities (74,067) (911,944)
Effects of exchange rate changes on foreign currency cash 43,423 (20,950)
Increase (decrease) in cash and cash equivalents (293,166) 60,513
Cash and cash equivalents beginning of period 3,426,988 3,256,236
Cash and cash equivalents end of period 3,133,822 3,316,749
Life Funds Withheld Assets    
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Net realized and unrealized (gains) losses on derivative instruments $ 84,697 $ 465,822