v3.8.0.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Cash flows from operating activities    
Net (loss) income $ (44,888) $ 117,512
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation, amortization and share-based compensation 10,472 16,841
Net realized gains on investment (8,316) (4,511)
Foreign exchange losses (gains) 12,193 (6,474)
Changes in assets – (increase) decrease:    
Reinsurance balances receivable, net (62,517) (154,091)
Reinsurance recoverable on unpaid losses (40,455) (26,281)
Accrued investment income 1,545 (1,537)
Deferred commission and other acquisition expenses (43,171) (49,713)
Other assets (1,865) (32,027)
Changes in liabilities – increase (decrease):    
Reserve for loss and loss adjustment expenses 419,660 250,937
Unearned premiums 117,882 204,752
Accrued expenses and other liabilities 14,239 10,749
Net cash provided by operating activities 374,779 326,157
Cash flows from investing activities:    
Purchases of fixed-maturities – available-for-sale (715,838) (732,001)
Purchases of other investments (986) (167)
Proceeds from sales of fixed-maturities – available-for-sale 199,751 101,923
Proceeds from maturities and calls of fixed maturities – available-for-sale 302,496 442,490
Proceeds from maturities and calls of fixed maturities – held to maturity 20,744 0
Proceeds from sale and redemption of other investments 11,119 572
Increase in restricted cash and cash equivalents (27,040) (103,685)
Other, net (2,299) (521)
Net cash used in investing activities (212,053) (291,389)
Cash flows from financing activities:    
Preference shares, net of issuance costs 144,942 0
Senior notes, net of issuance costs 0 106,424
Issuance of common shares 1,076 666
Repurchase of common shares (14,912) (470)
Dividends paid – Maiden common shareholders (38,935) (31,062)
Dividends paid – preference shares (20,611) (27,723)
Net cash used in financing activities (28,440) (59,665)
Effect of exchange rate changes on foreign currency cash 2,644 2,715
Net increase (decrease) in cash and cash equivalents 136,930 (22,182)
Cash and cash equivalents, beginning of period 45,747 89,641
Cash and cash equivalents, end of period 182,677 67,459
2012 Senior Notes [Member]    
Cash flows from financing activities:    
Redemption of senior notes (100,000) 0
2011 Senior Notes [Member]    
Cash flows from financing activities:    
Redemption of senior notes $ 0 $ (107,500)