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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Cash flows from operating activities [Abstract]      
Net income $ 672,309 $ 606,011 $ 121,088
Adjustments to reconcile net income to net cash provided by (used in) operating activities:      
Net (gains) losses on investments and other financial instruments (51,719) 42,476 (3,621)
Loss on extinguishment of debt 22,738 0 51,469
Deferred income tax provision 157,162 120,573 166,527
Impairment of goodwill 4,828 0 184,374
Amortization and impairment of other acquired intangible assets 22,288 12,429 27,797
Depreciation, other amortization, and other impairments, net 50,439 56,661 58,038
Change in:      
Accounts and notes receivable (25,504) (4,599) 3,628
Prepaid reinsurance premiums 53,772 (31,119) (157,071)
Unearned premiums (112,535) 15,419 42,716
Reserve for losses and LAE 3,404 (109,642) (252,681)
Reinsurance funds withheld (29,383) 32,814 130,397
Other assets (134,430) 43,562 (16,491)
Other liabilities 61,062 (106,799) 4,405
Net cash provided by (used in) operating activities 694,431 677,786 360,575
Cash flows from investing activities:      
Proceeds from sales of Fixed-maturity investments available for sale 986,647 728,584 888,219
Proceeds from sales of Trading securities 130,537 58,317 194,784
Proceeds from sales of Equity securities 69,779 95,697 38,318
Proceeds from redemptions of Fixed-maturity investments available for sale 464,777 457,595 463,548
Proceeds from redemptions of Trading securities 37,684 54,329 79,296
Purchases of Fixed-maturity investments available for sale (1,913,703) (1,875,069) (1,947,916)
Purchases of Equity securities (57,422) (69,160) (213,469)
Sales, redemptions and (purchases) of Short-term investments, net 8,017 (108,325) 324,258
Sales, redemptions and (purchases) of Other assets and other invested assets, net (739) 2,590 882
Net cash received (transferred) in sale of subsidiaries 0 0 (650)
Purchases of property and equipment, net (27,626) (26,008) (28,676)
Acquisitions, net of cash acquired 0 (7,964) (86)
Net cash provided by (used in) investing activities (302,049) (689,414) (201,492)
Cash flows from financing activities:      
Dividends paid (2,061) (2,140) (2,154)
Issuance of senior notes, net 442,439 0 442,163
Repayments and repurchases of senior notes (610,763) 0 (593,527)
Proceeds from termination of capped calls 0 0 4,208
Issuance of common stock 2,416 1,385 7,132
Repurchases of common shares (300,201) (50,053) (6)
Proceeds from (Payments for) Other Financing Activities (989) (1,510) (1,993)
Change in secured borrowings, net (with terms less than 3 months) 13,862 39,342 19,357
Proceeds from secured borrowings (with terms greater than 3 months) 115,275 56,449 0
Repayments of secured borrowings (with terms greater than 3 months) (62,932) (20,917) 0
Repayment of other borrowings (152) (170) (264)
Net cash provided by (used in) financing activities (403,106) 22,386 (125,084)
Effect of exchange rate changes on cash and restricted cash (4) 0 431
Increase (decrease) in cash and restricted cash (10,728) 10,758 34,430
Cash and restricted cash, beginning of period 107,002 96,244 61,814
Cash and restricted cash, end of period 96,274 107,002 96,244
Supplemental disclosures of cash flow information:      
Income taxes paid (received) (Note 10) 71,469 8,364 94,328
Interest paid $ 45,762 $ 56,688 $ 57,453