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Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income (loss) $ 691,755 $ 280,213
Adjustments to reconcile net income to net cash provided by operating activities:    
Decrease (increase) in premiums receivable (178,319) (126,355)
Decrease (increase) in funds held by reinsureds, net (56,180) (77,794)
Decrease (increase) in reinsurance receivables (19,319) (467,011)
Decrease (increase) in income taxes 180,285 43,516
Decrease (increase) in prepaid reinsurance premiums (137,092) (86,044)
Increase (decrease) in reserve for losses and loss adjustment expenses 155,096 223,202
Increase (decrease) in future policy benefit reserve (1,648) (2,169)
Increase (decrease) in unearned premiums 219,263 151,528
Increase (decrease) in other net payable to reinsurers 132,474 101,970
Increase (decrease) in losses in course of payment 35,738 162,073
Change in equity adjustments in limited partnerships (57,031) (45,898)
Distribution of limited partnership income 41,321 42,269
Change in other assets and liabilities, net (60,820) (111,220)
Non-cash compensation expense 17,171 17,566
Amortization of bond premium (accrual of bond discount) 13,321 17,677
Net realized capital (gains) losses (122,504) 9,125
Net cash provided by (used in) operating activities 853,511 132,648
CASH FLOWS FROM INVESTING ACTIVITIES:    
Proceeds from fixed maturities matured/called - available for sale, at market value 1,009,921 1,099,762
Proceeds from fixed maturities sold - available for sale, at market value 2,318,207 1,225,373
Proceeds from fixed maturities sold - available for sale, at fair value 2,706 1,065
Proceeds from equity securities sold, at fair value 149,233 576,382
Distributions from other invested assets 143,752 2,978,865
Cost of fixed maturities acquired - available for sale, at market value (3,466,331) (2,163,331)
Cost of fixed maturities acquired - available for sale, at fair value 0 (4,381)
Cost of equity securities acquired, at fair value (229,070) (722,797)
Cost of other invested assets acquired (207,323) (3,168,655)
Net change in short-term investments (499,983) 213,242
Net change in unsettled securities transactions 88,531 (33,351)
Net cash provided by (used in) investing activities (690,357) 2,174
CASH FLOWS FROM FINANCING ACTIVITIES:    
Common shares issued during the period for share-based compensation, net of expense (7,485) (9,431)
Purchase of treasury shares (24,604) (25,304)
Dividends paid to shareholders (114,136) (106,480)
Cost of shares withheld on settlements of share-based compensation awards (11,748) (14,859)
Net cash provided by (used in) financing activities (157,973) (156,074)
EFFECT OF EXCHANGE RATE CHANGES ON CASH 91 5,678
Net increase (decrease) in cash 5,272 (15,574)
Cash, beginning of period 656,095 635,067
Cash, end of period 661,367 619,493
SUPPLEMENTAL CASH FLOW INFORMATION:    
Income taxes paid (recovered) (83,995) (44,151)
Interest paid $ 15,984 $ 14,754