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UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Cash flows from/(used in) operating activities:    
Net (loss)/income $ (81.5) $ 274.9
Proportion due to non-controlling interest (0.8) 0.0
Adjustments to reconcile net income to net cash flows from operating activities:    
Depreciation and amortization 39.7 35.6
Share-based compensation 7.0 11.6
Realized and unrealized investment (gains) (130.1) (137.4)
Realized and unrealized investment losses 24.4 34.1
Change in fair value of loan notes issued by variable interest entities (3.6) 13.7
Net realized and unrealized investment foreign exchange losses (10.7) (3.1)
Net change from current period hedged transactions 2.8 (1.3)
Insurance reserves:    
Losses and loss adjustment expenses 1,045.5 349.7
Unearned premiums 278.1 181.4
Reinsurance recoverables:    
Unpaid losses (797.9) (73.1)
Ceded unearned premiums (188.9) (62.0)
Other receivables (70.1) (34.0)
Deferred policy acquisition costs 9.6 (26.4)
Reinsurance premiums payable 108.3 76.4
Funds withheld (27.0) (15.6)
Premiums receivable (133.3) (306.9)
Deferred taxes (5.6) 9.5
Income tax payable (1.0) 8.0
Accrued expenses and other payables 13.0 26.4
Fair value of derivatives and settlement of liabilities under derivatives (16.7) 5.4
Long-term debt and loan notes issued by variable interest entities (13.4) 9.8
Other assets 0.0 3.1
Net cash from operating activities 47.8 379.8
Cash flows from/(used in) investing activities:    
(Purchases) of fixed income securities — Available for sale (1,239.4) (1,671.4)
(Purchases) of fixed income securities — Trading (1,125.1) (605.1)
Proceeds from sales and maturities of fixed income securities — Available for sale 1,581.9 1,668.7
Proceeds from sales and maturities of fixed income securities — Trading 763.9 481.0
(Purchases) of equity securities — Trading (111.5) (159.9)
Net proceeds from sales of catastrophe bonds — Trading 8.7 37.6
Proceeds from sales of equity securities — Trading 301.2 146.4
(Purchases) of short-term investments — Available for sale (42.7) (202.7)
Proceeds from sales of short-term investments — Available for sale 156.4 199.9
(Purchases) of short-term investments — Trading (68.7) (166.3)
Proceeds from sales of short-term investments — Trading 167.8 6.3
Net change in (payable)/receivable for securities (purchased)/sold 20.6 14.5
Net (purchases) of equipment (26.7) (15.7)
Sale of investment 9.3 0.0
Equity investment (0.1) (3.3)
Payments for acquisitions and investments, net of cash acquired (2.3) (52.7)
Net cash from/(used in) investing activities 393.3 (322.7)
Cash flows (used in)/from financing activities:    
Proceeds from the issuance of ordinary shares, net of issuance costs 0.4 2.0
Ordinary shares repurchased (30.0) (50.0)
Proceeds from the issuance of preference shares, net of issuance costs 0.0 241.3
Preference share redemption (293.2) 0.0
Repayment of long-term debt issued by Silverton (115.9) (89.3)
Dividends paid on ordinary shares (42.0) (39.5)
Dividends paid on preference shares (28.7) (28.4)
Cash paid for tax withholding purposes (1) [1] (9.5) 0.0
Net cash (used in)/from financing activities (518.9) 36.1
Effect of exchange rate movements on cash and cash equivalents 13.3 (9.4)
Decrease in cash and cash equivalents (64.5) 83.8
Cash and cash equivalents at beginning of period 1,273.8 1,099.5
Cash and cash equivalents at end of period 1,209.3 1,183.3
Supplemental disclosure of cash flow information:    
Net cash paid (received) during the period for income tax (0.2) 0.2
Cash paid during the period for interest $ 22.2 $ 14.5
[1] The cash paid to the tax authority when withholding shares from employees’ awards for tax-withholding purposes has been reclassified from operating activity to financing activity following the adoption of ASU 2016-09.