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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Dec. 31, 2020
Sep. 30, 2020
Jun. 30, 2020
Mar. 31, 2020
Dec. 31, 2019
Sep. 30, 2019
Jun. 30, 2019
Mar. 31, 2019
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Cash flows from operating activities [Abstract]                      
Net income $ 148,013 $ 135,103 $ (29,951) $ 140,461 $ 161,184 $ 173,438 $ 166,730 $ 170,957 $ 393,626 $ 672,309 $ 606,011
Adjustments to reconcile net income to net cash provided by (used in) operating activities:                      
Net (gains) losses on investments and other financial instruments (17,376) $ (17,652) $ (47,276) 22,027 (4,257) (13,009) (12,540) (21,913) (60,277) (51,719) 42,476
Loss on extinguishment of debt         0 5,940 16,798 0 0 22,738 0
Deferred income tax provision                 102,079 157,162 120,573
Impairment of goodwill         4,828 $ 0 $ 0 0 0 4,828 0
Amortization and impairment of other acquired intangible assets                 5,144 22,288 12,429
Depreciation, other amortization, and other impairments, net                 66,585 50,439 56,661
Change in:                      
Accrued investment income                 (1,714) 2,545 (3,485)
Accounts and notes receivable                 (29,280) (25,504) (4,599)
Reinsurance recoverables                 (56,226) (2,574) (2,497)
Deferred policy acquisition costs                 2,454 (3,448) (324)
Prepaid reinsurance premiums                 96,218 53,772 (31,119)
Unearned premiums                 (178,031) (112,535) 15,419
Reserve for losses and LAE                 443,648 3,404 (109,642)
Reinsurance funds withheld                 (13,274) (29,383) 32,814
Other assets                 (57,538) (130,953) 49,868
Other liabilities                 (54,980) 61,062 (106,799)
Net cash provided by (used in) operating activities                 658,434 694,431 677,786
Cash flows from investing activities:                      
Proceeds from sales of Fixed-maturity investments available for sale                 963,589 986,647 728,584
Proceeds from sales of Trading securities                 11,602 130,537 58,317
Proceeds from sales of Equity securities                 90,450 69,779 95,697
Proceeds from redemptions of Fixed-maturity investments available for sale                 645,068 464,777 457,595
Proceeds from redemptions of Trading securities                 22,913 37,684 54,329
Purchases of Fixed-maturity investments available for sale                 (2,449,762) (1,913,703) (1,875,069)
Purchases of Equity securities                 (85,014) (57,422) (69,160)
Sales, redemptions and (purchases) of Short-term investments, net                 (82,925) 8,017 (108,325)
Sales, redemptions and (purchases) of Other assets and other invested assets, net                 1,434 (739) 2,590
Proceeds from sale of subsidiary, net of cash sold                 16,481 0 0
Purchases of property and equipment                 (17,016) (27,626) (26,008)
Acquisitions, net of cash acquired                 0 0 (7,964)
Net cash provided by (used in) investing activities                 (883,180) (302,049) (689,414)
Cash flows from financing activities:                      
Dividends and dividend equivalents paid                 (97,458) (2,061) (2,140)
Issuance of senior notes, net                 515,567 442,439 0
Repayments and repurchases of senior notes                 0 (610,763) 0
Issuance of common stock                 1,553 2,416 1,385
Repurchases of common shares                 (226,305) (300,201) (50,053)
Proceeds from (Payments for) Other Financing Activities                 (2,292) (989) (1,510)
Change in secured borrowings, net (with terms three months or less)                 (37,475) 13,862 39,342
Proceeds from secured borrowings (with terms greater than three months)                 207,034 115,275 56,449
Repayments of secured borrowings (with terms greater than three months)                 (137,927) (62,932) (20,917)
Repayment of other borrowings                 (79) (152) (170)
Net cash provided by (used in) financing activities                 222,618 (403,106) 22,386
Effect of exchange rate changes on cash and restricted cash                 0 (4) 0
Increase (decrease) in cash and restricted cash                 (2,128) (10,728) 10,758
Cash and restricted cash, beginning of period       96,274       107,002 96,274 107,002 96,244
Cash and restricted cash, end of period 94,146       96,274       94,146 96,274 107,002
Supplemental disclosures of cash flow information:                      
Income taxes paid (Note 10)                 81,404 71,469 8,364
Interest paid                 60,564 45,762 56,688
Parent Company                      
Cash flows from operating activities [Abstract]                      
Net income                 393,626 672,309 606,011
Adjustments to reconcile net income to net cash provided by (used in) operating activities:                      
Net (gains) losses on investments and other financial instruments                 (5,682) (12,863) 470
Loss on extinguishment of debt                 0 (22,738) 0
Change in:                      
Net cash provided by (used in) operating activities                 (13,741) 143,664 254,698
Cash flows from investing activities:                      
Proceeds from sales of Fixed-maturity investments available for sale                 304,737 296,171 6,779
Proceeds from sales of Trading securities                 0 56,787 0
Proceeds from sales of Equity securities                 13,401 16,916 0
Proceeds from redemptions of Fixed-maturity investments available for sale                 238,161 149,767 12,391
Proceeds from redemptions of Trading securities                 0 114 0
Purchases of Fixed-maturity investments available for sale                 (691,874) (293,284) (37,552)
Sales, redemptions and (purchases) of Short-term investments, net                 (53,024) 157,045 (131,164)
Sales, redemptions and (purchases) of Other assets and other invested assets, net                 6,068 6,958 3,317
Net cash provided by (used in) investing activities                 (180,717) 316,679 (183,201)
Cash flows from financing activities:                      
Dividends and dividend equivalents paid                 (97,458) (2,061) (2,140)
Issuance of senior notes, net                 515,567 442,439 0
Repayments and repurchases of senior notes                 0 (610,763) 0
Issuance of common stock                 1,553 2,416 1,385
Repurchases of common shares                 (226,305) (300,201) (50,053)
Proceeds from (Payments for) Other Financing Activities                 (2,292) (989) (1,510)
Net cash provided by (used in) financing activities                 191,065 (469,159) (52,318)
Effect of exchange rate changes on cash and restricted cash                 0 (2) 0
Increase (decrease) in cash and restricted cash                 (3,393) (8,818) 19,179
Cash and restricted cash, beginning of period       $ 23,534       $ 32,352 23,534 32,352 13,173
Cash and restricted cash, end of period $ 20,141       $ 23,534       $ 20,141 $ 23,534 $ 32,352