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Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income (loss) $ 420,381 $ 1,021,844
Adjustments to reconcile net income to net cash provided by operating activities:    
Decrease (increase) in premiums receivable (223,030) (499,647)
Decrease (increase) in funds held by reinsureds, net (51,451) (79,485)
Decrease (increase) in reinsurance recoverables (236,849) 15,836
Decrease (increase) in income taxes (100,230) 76,452
Decrease (increase) in prepaid reinsurance premiums (109,716) (71,566)
Increase (decrease) in reserve for losses and loss adjustment expenses 1,360,076 1,139,879
Increase (decrease) in future policy benefit reserve (2,089) (1,226)
Increase (decrease) in unearned premiums 176,631 500,077
Increase (decrease) in other net payable to reinsurers 119,858 72,850
Increase (decrease) in losses in course of payment (178,091) 70,653
Change in equity adjustments in limited partnerships (156,868) (377,120)
Distribution of limited partnership income 105,452 49,053
Change in other assets and liabilities, net (11,031) (206,994)
Non-cash compensation expense 23,919 22,439
Amortization of bond premium (accrual of bond discount) 35,052 37,928
Net (gains) losses on investments 389,892 (143,011)
Net cash provided by (used in) operating activities 1,561,906 1,627,962
CASH FLOWS FROM INVESTING ACTIVITIES:    
Proceeds from fixed maturities matured/called/repaid - available for sale 1,661,128 1,897,536
Proceeds from fixed maturities matured/called/repaid - held to maturity 333
Proceeds from fixed maturities sold - available for sale 772,148 599,737
Proceeds from equity securities sold, at fair value 437,815 474,663
Distributions from other invested assets 204,790 112,398
Cost of fixed maturities acquired - available for sale (4,070,949) (3,949,973)
Cost of fixed maturities acquired - held to maturity (72,061)
Cost of equity securities acquired, at fair value (283,352) (360,016)
Cost of other invested assets acquired (307,525) (309,691)
Net change in short-term investments 878,360 506,285
Net change in unsettled securities transactions 22,512 (103,527)
Net cash provided by (used in) investing activities (756,801) (1,132,588)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Common shares issued (redeemed) during the period for share-based compensation, net of expense (14,835) (11,349)
Purchase of treasury shares (1,322) (40,328)
Dividends paid to shareholders (126,079) (124,274)
Cost of shares withheld on settlements of share-based compensation awards (17,352) (13,713)
Net cash provided by (used in) financing activities (159,588) (189,664)
EFFECT OF EXCHANGE RATE CHANGES ON CASH 29,671 (1,016)
Net increase (decrease) in cash 675,188 304,694
Cash, beginning of period 1,440,861 801,651
Cash, end of period 2,116,049 1,106,345
SUPPLEMENTAL CASH FLOW INFORMATION:    
Income taxes paid (recovered) 100,506 34,780
Interest paid $ 48,414 $ 31,695