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Unaudited Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Operating Activities    
Net income (loss) $ 427,917 $ 728,604
Adjustments to reconcile net income to net cash provided by operating activities:    
Net realized (gains) losses (141,944) (262,112)
Net impairment losses recognized in earnings 5,415 16,849
Equity in net income or loss of investment funds accounted for using the equity method and other income or loss (63,784) 8,157
Amortization of intangible assets 93,942 14,493
Share-based compensation 58,308 46,311
Changes in:    
Reserve for losses and loss adjustment expenses, net of unpaid losses and loss adjustment expenses recoverable 602,652 277,277
Unearned premiums, net of ceded unearned premiums 230,581 243,109
Premiums receivable (167,143) (198,909)
Deferred acquisition costs (73,631) (40,906)
Reinsurance balances payable 37,528 49,198
Other items, net 71,293 155,068
Net Cash Provided By Operating Activities 1,081,134 1,037,139
Investing Activities    
Purchases of fixed maturity investments (28,079,129) (27,840,555)
Purchases of equity securities (667,135) (377,767)
Purchases of other investments (1,406,528) (1,008,774)
Proceeds from sales of fixed maturity investments 27,629,474 26,731,924
Proceeds from sales of equity securities 751,873 464,904
Proceeds from sales, redemptions and maturities of other investments 938,581 879,330
Proceeds from redemptions and maturities of fixed maturity investments 747,621 540,823
Net settlements of derivative instruments (20,952) 23,396
Net (purchases) sales of short-term investments (964,653) (604,162)
Change in cash collateral related to securities lending 148,692 (27,935)
Acquisitions, net of cash (27,709) (20,911)
Purchases of fixed assets (16,862) (11,565)
Other 86,145 (3,816)
Net Cash Provided By (Used For) Investing Activities (880,582) (1,255,108)
Financing Activities    
Proceeds from issuance of preferred shares, net 222,054 434,899
Redemption of preferred shares (230,000) 0
Purchases of common shares under share repurchase program 0 (75,256)
Proceeds from common shares issued, net (7,484) (3,785)
Proceeds from borrowings 238,915 46,000
Repayments of borrowings (172,000) (179,171)
Change in cash collateral related to securities lending (148,692) 27,935
Dividends paid to redeemable noncontrolling interests (13,491) (13,491)
Other (49,280) 33,113
Preferred dividends paid (34,936) (16,453)
Net Cash Provided By (Used For) Financing Activities (194,914) 253,791
Effects of exchange rate changes on foreign currency cash 13,781 (10,332)
Increase (decrease) in cash 19,419 25,490
Cash beginning of year 842,942 553,326
Cash end of period 862,361 578,816
Income taxes paid 47,907 40,742
Interest paid $ 64,613 $ 35,234