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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Cash flows from operating activities    
Net (loss) income $ (69,599) $ 787,996
Adjustments to reconcile net (loss) income to net cash provided by operating activities:    
Amortization of net premium on investments 70,552 82,519
Amortization of intangible assets 20,303 21,007
Net realized and unrealized investment losses (gains) 273,107 (273,468)
Changes in:    
Reinsurance balances, net (703,147) (565,187)
Reinsurance recoverable on paid and unpaid losses, net of ceded premiums payable 53,086 32,421
Funds held by reinsured companies and funds held – directly managed 81,465 138,659
Deferred acquisition costs (52,580) (83,758)
Net tax assets and liabilities (68,588) (27,792)
Unpaid losses and loss expenses including life policy benefits 298,428 144,663
Unearned premiums 191,234 336,384
Other net changes in operating assets and liabilities 13,368 (10,207)
Net cash provided by operating activities 107,629 583,237
Cash flows from investing activities    
Redemptions of fixed maturities 548,688 527,367
Sales and redemptions of short-term investments 50,497 70,750
Purchases of short-term investments (126,756) (95,168)
Other, net (129,440) (4,822)
Net cash provided by (used in) investing activities 137,698 (2,579)
Cash flows from financing activities    
Dividends paid to common and preferred shareholders (142,705) (144,004)
Repurchase of common shares (71,376) (374,557)
Reissuance of treasury shares and issuance of common shares, net of taxes paid 3,139 12,639
Distribution to noncontrolling interests (55,820) (14,265)
Net cash used in financing activities (266,762) (520,187)
Effect of foreign exchange rate changes on cash (35,729) (37,669)
(Decrease) increase in cash and cash equivalents (57,164) 22,802
Cash and cash equivalents—beginning of period 1,313,468 1,496,485
Cash and cash equivalents—end of period 1,256,304 1,519,287
Supplemental cash flow information:    
Taxes paid 178,830 243,396
Interest paid 24,630 24,630
Fixed maturities [Member]    
Sales of fixed maturities and sales of equities 6,097,135 6,227,896
Purchases of fixed maturities and purchases of equities (6,258,905) (6,990,492)
Equity Securities [Member]    
Sales of fixed maturities and sales of equities 552,880 464,212
Purchases of fixed maturities and purchases of equities $ (596,401) $ (202,322)