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Unaudited Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Operating Activities    
Net income $ 422,731 $ 473,134
Adjustments to reconcile net income to net cash provided by operating activities:    
Net realized (gains) losses 177,442 (74,985)
Net impairment losses recognized in earnings 632 3,537
Equity in net income or loss of investment funds accounted for using the equity method and other income or loss (13,543) (47,529)
Amortization of intangible assets 53,208 62,118
Share-based compensation 35,419 42,739
Changes in:    
Reserve for losses and loss adjustment expenses, net of unpaid losses and loss adjustment expenses recoverable (77,891) 180,342
Unearned premiums, net of ceded unearned premiums 139,778 167,064
Premiums receivable (236,950) (222,498)
Deferred acquisition costs (35,111) (53,553)
Reinsurance balances payable 88,961 50,112
Other items, net (57,790) (46,946)
Net cash provided by operating activities 496,886 533,535
Investing Activities    
Purchases of fixed maturity investments (16,867,570) (19,899,326)
Purchases of equity securities (679,663) (400,155)
Purchases of other investments (1,017,147) (883,704)
Proceeds from sales of fixed maturity investments 16,090,543 19,611,680
Proceeds from sales of equity securities 622,068 473,064
Proceeds from sales, redemptions and maturities of other investments 773,298 614,494
Proceeds from redemptions and maturities of fixed maturity investments 511,448 447,941
Net settlements of derivative instruments 4,498 (5,984)
Net sales (purchases) of short-term investments 451,901 (445,203)
Change in cash collateral related to securities lending 176,304 175,693
Purchases of fixed assets (13,242) (11,103)
Other 49,961 33,488
Net cash provided by (used for) investing activities 102,399 (289,115)
Financing Activities    
Redemption of preferred shares (92,555) 0
Purchases of common shares under share repurchase program (173,575) 0
Proceeds from common shares issued, net (13,851) (6,838)
Proceeds from borrowings 130,579 0
Repayments of borrowings (373,000) (72,000)
Change in cash collateral related to securities lending (176,304) (175,693)
Dividends paid to redeemable noncontrolling interests (8,994) (8,994)
Other (4,489) (41,698)
Preferred dividends paid (20,840) (22,567)
Net cash provided by (used for) financing activities (733,029) (327,790)
Effects of exchange rate changes on foreign currency cash and restricted cash (10,431) 9,616
Increase (decrease) in cash and restricted cash (144,175) (73,754)
Cash and restricted cash, beginning of year 727,284 969,569
Cash and restricted cash, end of period $ 583,109 $ 895,815