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Unaudited Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Operating Activities    
Net income $ 473,134 $ 424,984
Adjustments to reconcile net income to net cash provided by operating activities:    
Net realized (gains) losses (74,985) (126,337)
Net impairment losses recognized in earnings 3,537 12,982
Equity in net income or loss of investment funds accounted for using the equity method and other income or loss (47,529) 11,161
Amortization of intangible assets 62,118 9,628
Share-based compensation 42,739 35,769
Changes in:    
Reserve for losses and loss adjustment expenses, net of unpaid losses and loss adjustment expenses recoverable 180,342 186,199
Unearned premiums, net of ceded unearned premiums 167,064 187,234
Premiums receivable (222,498) (278,814)
Deferred acquisition costs (53,553) (33,450)
Reinsurance balances payable 50,112 73,712
Other items, net (26,414) 38,156
Net Cash Provided By Operating Activities 554,067 541,224
Investing Activities    
Purchases of fixed maturity investments (19,899,326) (17,541,731)
Purchases of equity securities (400,155) (212,678)
Purchases of other investments (883,704) (650,613)
Proceeds from sales of fixed maturity investments 19,611,680 16,978,549
Proceeds from sales of equity securities 473,064 337,619
Proceeds from sales, redemptions and maturities of other investments 614,494 636,535
Proceeds from redemptions and maturities of fixed maturity investments 447,941 370,980
Net settlements of derivative instruments (5,984) 45,174
Net (purchases) sales of short-term investments (445,203) (304,460)
Change in cash collateral related to securities lending 175,693 (18,715)
Acquisitions, net of cash 0 (1,460)
Purchases of fixed assets (11,103) (8,284)
Other (13,792) 13,416
Net Cash Provided By (Used For) Investing Activities (336,395) (355,668)
Financing Activities    
Purchases of common shares under share repurchase program 0 (75,256)
Proceeds from common shares issued, net (6,838) (1,487)
Proceeds from borrowings 0 46,000
Repayments of borrowings (72,000) (179,171)
Change in cash collateral related to securities lending (175,693) 18,715
Dividends paid to redeemable noncontrolling interests (8,994) (8,994)
Other (41,698) (2,223)
Preferred dividends paid (22,567) (10,969)
Net Cash Provided By (Used For) Financing Activities (327,790) (213,385)
Effects of exchange rate changes on foreign currency cash 7,496 (8,906)
Increase (decrease) in cash (102,622) (36,735)
Cash beginning of year 842,942 553,326
Cash end of period 740,320 516,591
Income taxes paid 3,935 26,619
Interest paid $ 58,035 $ 31,524