v3.3.1.900
Schedule II Condensed Financial Information of Parent Company - Statements of Cash Flows (Details) - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Dec. 31, 2015
Sep. 30, 2015
Jun. 30, 2015
Mar. 31, 2015
Dec. 31, 2014
Sep. 30, 2014
Jun. 30, 2014
Mar. 31, 2014
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Cash flows provided by operating activities                      
Net income $ 24,716 $ 22,499 $ 20,519 $ 32,405 $ 27,514 $ 27,798 $ 25,804 $ (4,062) $ 124,476 $ 101,391 $ 102,735
Adjustments to reconcile net income to net cash provided by operating activities                      
Net realized gains on investment                 (2,498) (1,163) (3,585)
Foreign exchange losses (gains)                 (7,753) (4,150) (2,809)
Changes in assets - (increase) decrease:                      
Other assets                 (76,599) 32,060 (131)
Changes in liabilities - increase (decrease):                      
Net cash provided by operating activities                 634,298 651,645 366,247
Cash flows used in investing activities                      
Purchases of fixed-maturities – available-for-sale                 (1,463,556) (778,702) (1,442,116)
Purchases of other investments                 (217) (6,698) (2,135)
Proceeds from sales of fixed-maturities – available-for-sale                 129,152 171,216 355,863
Proceeds from maturities and calls of fixed maturities                 541,081 349,852 448,881
Net cash used in investing activities                 (750,678) (471,884) (583,994)
Cash flows used in financing activities                      
Preference shares issuance, net of issuance costs                 159,628 0 159,675
Dividends paid - preference shares                 (24,337) (24,337) (14,834)
Dividends paid - Maiden common shareholders                 (38,204) (32,079) (19,607)
Issuance of common shares                 3,318 592 1,776
Repurchase of common shares                 (654) (66) 0
Net cash provided by (used in) financing activities                 99,751 (208,390) 274,456
Net (decrease) increase in cash and cash equivalents                 (18,478) (31,714) 58,290
Cash and cash equivalents, beginning of period       108,119       139,833 108,119 139,833 81,543
Cash and cash equivalents, end of period 89,641       108,119       89,641 108,119 139,833
Parent Company                      
Cash flows provided by operating activities                      
Net income                 124,476 101,391 102,735
Adjustments to reconcile net income to net cash provided by operating activities                      
Equity in earnings of consolidated subsidiaries                 (138,088) (110,999) (111,068)
Amortization of bond premium and discount                 222 414 1,209
Net realized gains on investment                 (20) (981) 0
Foreign exchange losses (gains)                 668 893 (626)
Non-cash share compensation expense                 2,938 3,334 2,205
Changes in assets - (increase) decrease:                      
Balance due from subsidiaries                 (20,930) (87,605) 42,899
Other assets                 237 536 (862)
Changes in liabilities - increase (decrease):                      
Accounts payable and accrued liabilities                 12 (138) 736
Balances due to subsidiaries                 49,162 120,069 16,642
Net cash provided by operating activities                 18,677 26,914 53,870
Cash flows used in investing activities                      
Purchases of fixed-maturities – available-for-sale                 0 (1,340) (170,882)
Purchases of other investments                 0 (5,000) 0
Proceeds from sales of fixed-maturities – available-for-sale                 1,041 87,032 90,515
Proceeds from maturities and calls of fixed maturities                 0 6,857 46,208
Investment in subsidiaries                 (122,757) (84,740) (116,807)
Net cash used in investing activities                 (121,716) 2,809 (150,966)
Cash flows used in financing activities                      
Preference shares issuance, net of issuance costs                 159,628 0 159,675
Dividends paid - preference shares                 (24,337) (24,337) (14,834)
Dividends paid - Maiden common shareholders                 (38,204) (32,079) (19,607)
Issuance of common shares                 3,318 592 1,776
Repurchase of common shares                 (654) (66) 0
Net cash provided by (used in) financing activities                 99,751 (55,890) 127,010
Net (decrease) increase in cash and cash equivalents                 (3,288) (26,167) 29,914
Cash and cash equivalents, beginning of period       $ 6,894       $ 33,061 6,894 33,061 3,147
Cash and cash equivalents, end of period $ 3,606       $ 6,894       $ 3,606 $ 6,894 $ 33,061