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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Millions
3 Months Ended 12 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Dec. 31, 2020
Cash flows from operations:      
Net loss $ (110.5) $ (139.6)  
Adjustments to reconcile net income to net cash used for operations:      
Net realized and unrealized investment (gains) losses (1.1) 186.7  
Net realized and unrealized investment losses (gains) from investment in MediaAlpha 40.6 156.7  
Deferred income tax expense (1.4) (27.9)  
Net gain from sale of discontinued operations, net of tax (18.7) (0.9)  
Amortization of Restricted Shares 4.0 5.1  
Amortization and depreciation 12.8 7.1  
Other operating items:      
Net change in reinsurance recoverables (15.7) 0.0  
Increase (Decrease) in Premiums Receivable (199.7) 0.0  
Net change in commissions receivable (0.2) (0.7)  
Net change in ceded unearned premiums 24.8 0.0  
Net change in loss and loss adjustment expense reserves 56.0 0.0  
Net change in premiums payable 2.6 8.5  
Net change in unearned insurance premiums 245.5 4.3  
Net change in deferred acquisition costs (51.3) (1.2)  
Net change in reinsurance payable (40.7) 0.0  
Net change in restricted cash 4.8 8.6  
Investments in Kudu Participation Contracts (11.0) (21.0)  
Net change in other assets and liabilities, net (34.7) (58.8)  
Net cash used for operations (92.8) (59.8)  
Cash flows from investing activities:      
Net change in short-term investments (103.1) 63.9  
Sales of fixed maturity and convertible investments 97.8 116.1  
Maturities, calls and paydowns of fixed maturity and convertible investments 31.4 58.9  
Sales of common equity securities 160.3 40.3  
Distributions and redemptions of other long-term investments and settlements of forward contracts 40.1 64.1  
Payment For Escrow In Acquisition Transaction 646.3 0.0  
Payments for (Proceeds from) Businesses and Interest in Affiliates 11.1 0.0  
Purchases of other long-term investments (101.0) (10.9)  
Purchases of common equity securities (68.8) (20.9)  
Purchases of fixed maturity and convertible investments (411.1) (180.1)  
Other investing activities, net 60.9 (50.9)  
Net cash (used for) provided from investing activities 363.9 80.5  
Cash flows from financing activities:      
Draw down of debt and revolving line of credit 105.3 12.0  
Repayment of debt and revolving line of credit (93.7) (1.0)  
Cash dividends paid to the Company’s common shareholders (3.1) (3.2)  
Common shares repurchased 0.0 (47.8)  
Distribution to non-controlling interest shareholders (0.9) (0.7)  
Contingent consideration payments related to acquisitions of subsidiaries (6.7) (6.4)  
Capital contributions to non-controlling interest shareholders (0.4) 0.4  
Capital contributions from BAM members 13.8 10.0  
Fidus Re premium payment (3.2) (0.8)  
Other financing activities, net (4.6) (6.7)  
Net cash provided from (used for) financing activities 6.5 (44.2)  
Effect of exchange rate changes on cash (0.3) (1.1)  
Net change in cash during the period - continuing operations, including the effect of exchange rate changes 277.3 (24.6)  
Cash balances at beginning of period (includes restricted cash balances of $78.4 and $56.3) 211.2 161.0 $ 161.0
Cash balances at end of period (includes restricted cash balances of $83.2 and $64.9) 488.5 136.4 $ 211.2
Supplemental cash flows information:      
Interest paid (7.5) (5.2)  
Net income tax payments (1.4) 0.0  
Marketing Technology (MediaAlpha)      
Adjustments to reconcile net income to net cash used for operations:      
Net realized and unrealized investment losses (gains) from investment in MediaAlpha $ 41.7 $ (30.0)