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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Cash flows from operations:      
Net income (loss) $ 663.4 $ 376.6 $ (191.4)
Adjustments to reconcile net income to net cash used for operations:      
Net realized and unrealized investment (gains) losses (716.8) (433.2) 108.3
Realized gain from the 2019 MediaAlpha Transaction 0.0 (67.5) 0.0
Amortization of restricted share awards 16.6 10.5 13.0
Amortization and depreciation 43.4 29.8 25.7
Deferred income tax (benefit) expense (36.2) 24.8 (8.4)
Net loss (gain) from sale of discontinued operations, net of tax 2.3 (0.8) 17.2
Other operating items:      
Net change in premiums and commissions receivable (3.1) (26.8) (9.6)
Net change in premiums payable 1.8 25.1 21.3
Net change in unearned insurance premiums 39.1 35.8 39.2
Net change in deferred acquisition costs (5.8) (3.1) (4.2)
Net change in restricted cash 22.1 6.3 (3.4)
Investments in asset management firms - Kudu (118.3) (118.4) 0.0
Net change in other assets and liabilities, net 30.9 20.4 (38.8)
Net cash used for operations (60.6) (120.5) (31.1)
Cash flows from investing activities:      
Net change in short-term investments 58.7 21.9 (39.0)
Sales of fixed maturity investments 390.0 334.3 1,848.5
Maturities, calls and paydowns of fixed maturity investments 180.4 119.3 141.0
Sales of common equity securities 787.9 467.2 169.9
Distributions and redemptions of other long-term investments and settlements of forward contracts 69.9 29.4 5.0
Purchases of other long-term investments (76.8) (177.7) (95.9)
Purchases of common equity securities (33.8) (29.8) (328.3)
Purchases of fixed maturity and convertible investments (537.7) (539.2) (970.2)
Purchases of consolidated subsidiaries, net of cash acquired of $13.4, $12.8, and $90.9 and including restricted cash of $8.4, $0.0, $53.4 (127.3) (258.0) (295.2)
Cash pre-funded/placed in escrow for Ark Transaction (646.3) 0.0 0.0
Other investing activities, net (0.4) (27.3) 23.4
Net cash provided from (used for) investing activities 64.6 (59.9) 459.2
Cash flows from financing activities:      
Draw down of debt and revolving lines of credit 84.6 206.4 84.1
Repayment of debt and revolving lines of credit (4.5) (22.9) (15.4)
Cash dividends paid to the Company’s common shareholders (3.2) (3.2) (3.8)
Acquisitions of additional shares from non-controlling interest 0.0 0.0 (1.7)
Common shares repurchased (78.5) 0.0 (511.9)
Repurchase of shares from non-controlling interest shareholders (0.5) (21.1) 0.0
Proceeds from issuance of shares to non-controlling interest shareholders 0.0 62.7 0.0
Capital contributions from non-controlling interest shareholders 2.4 1.9 1.3
Distributions to non-controlling interest shareholders (0.7) (28.1) (6.0)
Payments to contingent considerations related to purchases of consolidated subsidiaries (7.0) (7.6) (2.6)
Capital contributions from BAM members 68.9 54.6 53.8
Fidus Re premium payments (3.0) (3.0) (3.7)
Other financing activities, net (9.5) (9.2) (8.4)
Net cash provided from (used for) financing activities 49.0 230.5 (414.3)
Effect of exchange rate changes on cash (2.8) 0.6 (0.6)
Net change in cash during the period - continuing operations, including the effect of exchange rate changes 50.2 50.7 13.2
Cash balance at beginning of year 161.0 110.3 97.1
Cash balance at end of year 211.2 161.0 110.3
MediaAlpha      
Adjustments to reconcile net income to net cash used for operations:      
Net realized and unrealized investment (gains) losses (686.0) (180.0) 0.0
White Mountains      
Adjustments to reconcile net income to net cash used for operations:      
Net realized and unrealized investment (gains) losses $ (30.8) $ (253.2) $ 108.3