| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 |
|---|---|---|---|---|---|---|---|---|---|---|---|
Cash flows from operating activities: | |||||||||||
Net income | |||||||||||
-8,400 | 63,600 | 50,300 | 146,700 | 163,200 | 183,200 | 143,200 | 52,300 | -81,900 | 86,700 | 115,200 | 62,900 |
Adjustments to reconcile net (loss) income to net cash provided by operating activities: | |||||||||||
Amortization and depreciation | |||||||||||
27,300 | 31,900 | 33,800 | 35,400 | 38,700 | 37,200 | 39,600 | 36,600 | 30,800 | 31,200 | 22,400 | 17,000 |
Share-based payments expense | |||||||||||
16,900 | 18,300 | 12,300 | 19,800 | 29,100 | 19,600 | 23,300 | 10,500 | 4,600 | 10,100 | 7,900 | 6,900 |
Excess tax benefit from share-based payment arrangements | |||||||||||
- | - | - | - | - | 100 | 200 | - | -100 | -300 | 300 | -200 |
Deferred income tax (benefit) provision, net | |||||||||||
-26,500 | -12,600 | -17,900 | -1,100 | 8,300 | 27,600 | 3,800 | 5,000 | 10,200 | -3,800 | -2,900 | -13,100 |
Realized Investment Gains (Losses) | |||||||||||
80,000 | -72,000 | 39,300 | 26,100 | 24,100 | 74,500 | 71,300 | -25,700 | 49,200 | 36,400 | -16,700 | -38,200 |
Undistributed earnings from alternative investment portfolio | |||||||||||
-19,900 | -19,800 | -49,500 | -23,900 | -3,000 | -19,500 | - | - | - | - | - | - |
Gain on sale of real estate | |||||||||||
- | - | - | - | - | - | - | - | - | 400 | 0 | 0 |
Loss on disposals of long-lived assets, net | |||||||||||
-7,200 | -300 | -2,100 | 100 | -200 | 0 | -200 | -300 | -1,000 | -200 | 0 | 0 |
Impairment of goodwill | |||||||||||
15,600 | 0 | 0 | - | - | - | - | - | - | - | - | - |
Amortization of debt issuance costs | |||||||||||
- | - | - | - | - | 200 | - | - | - | - | - | - |
Debt extinguishment costs | |||||||||||
- | - | - | - | - | - | - | 2,200 | 0 | 0 | - | - |
Impairment of intangible assets | |||||||||||
- | - | - | - | - | 3,400 | 0 | - | - | - | 5,900 | 0 |
Change in: | |||||||||||
Accrued investment income | |||||||||||
-1,500 | 3,500 | 2,700 | -900 | -500 | -3,400 | -5,300 | -2,000 | -1,200 | 2,700 | -3,400 | 6,100 |
Receivables | |||||||||||
460,400 | 557,500 | 602,700 | 318,000 | 182,600 | -256,700 | -86,700 | -24,900 | -53,600 | -255,800 | 225,500 | 139,400 |
Deferred acquisition costs | |||||||||||
-7,000 | 7,300 | 11,500 | 6,400 | 8,500 | 7,300 | 14,100 | -2,100 | -12,900 | -39,100 | 4,000 | 4,600 |
Ceded unearned premiums | |||||||||||
87,800 | 47,600 | 4,200 | 51,200 | 45,900 | 12,400 | 4,000 | 14,500 | 15,400 | -33,700 | -11,100 | -37,100 |
Reserves for losses and loss adjustment expenses | |||||||||||
509,000 | 338,300 | 653,900 | 220,200 | 94,300 | -182,000 | -8,900 | -78,900 | 138,900 | -51,100 | 206,600 | 124,300 |
Unearned premiums | |||||||||||
111,700 | 76,400 | 85,500 | 80,100 | 76,500 | 39,100 | 51,400 | 72,600 | 4,100 | -149,500 | -4,000 | -49,200 |
Ceded reinsurance payable and funds held | |||||||||||
246,500 | 226,500 | 88,800 | 153,600 | 157,200 | -163,900 | -246,400 | -67,500 | -97,400 | -180,800 | 100,200 | 108,200 |
Income taxes | |||||||||||
8,900 | -6,100 | -8,900 | 19,900 | 3,300 | -19,700 | 17,000 | -1,700 | -6,700 | 3,000 | -10,700 | -5,100 |
Accrued underwriting expenses and other liabilities | |||||||||||
-5,400 | 110,200 | -23,500 | -18,900 | -24,600 | 11,700 | -4,000 | 21,000 | -5,800 | -22,400 | -7,800 | -9,900 |
Sale of trading investment | |||||||||||
- | - | - | - | - | - | - | - | - | 2,100 | 0 | 17,600 |
Purchases of trading investments | |||||||||||
- | - | - | - | - | - | - | - | - | - | - | 11,800 |
Other, net | |||||||||||
79,900 | -18,200 | 1,500 | 48,900 | -600 | -27,800 | 21,800 | 10,700 | 18,700 | 18,200 | -67,000 | 54,700 |
Cash provided by (used in) operating activities | |||||||||||
183,300 | 301,300 | 165,000 | 182,000 | 283,200 | 130,500 | -200 | 30,500 | -17,700 | -3,100 | 301,800 | 118,500 |
Cash flows from investing activities: | |||||||||||
Sales of fixed maturity investments | |||||||||||
1,394,300 | 1,259,100 | 1,433,300 | 1,138,400 | 787,500 | 1,104,900 | 1,795,400 | 1,117,800 | 1,326,900 | 1,837,400 | 1,257,300 | 463,200 |
Maturities and mandatory calls of fixed maturity investments | |||||||||||
522,200 | 418,600 | 678,300 | 1,002,700 | 843,900 | 323,000 | 281,800 | 483,000 | 450,900 | 539,300 | 439,000 | 325,000 |
Sales of equity securities | |||||||||||
374,700 | 238,900 | 201,100 | 208,300 | 122,000 | 123,900 | 163,400 | 10,400 | 41,300 | 55,300 | 81,900 | 45,600 |
Sales of other investments | |||||||||||
83,100 | 101,800 | 95,500 | 96,800 | 58,400 | 33,200 | 7,500 | 2,500 | 2,500 | 700 | 600 | 5,400 |
Purchases of fixed maturity investments | |||||||||||
1,859,100 | 1,936,000 | 2,464,100 | 2,137,300 | 1,842,800 | 1,531,500 | 1,822,900 | 1,501,500 | 1,605,600 | 2,171,200 | 2,027,200 | 996,600 |
Purchases of equity securities | |||||||||||
61,200 | 170,500 | 157,700 | 146,900 | 114,100 | 55,800 | 80,000 | 104,400 | 99,600 | 75,300 | 24,000 | 55,300 |
Purchases of other investments | |||||||||||
63,700 | 42,600 | 39,000 | 96,300 | 77,200 | 149,500 | 72,900 | 15,600 | 73,200 | 24,300 | 6,000 | 13,600 |
Change in foreign regulatory deposits and voluntary pools | |||||||||||
0 | -13,000 | 7,200 | 1,300 | -3,500 | -21,200 | 7,700 | 21,000 | 7,500 | 20,900 | 34,100 | -200 |
Change in short-term investments | |||||||||||
490,400 | 132,200 | -306,700 | 193,900 | -46,100 | -75,300 | 145,300 | -58,700 | -77,600 | -63,000 | -85,700 | -364,700 |
Settlements of foreign currency exchange forward contracts | |||||||||||
300 | -1,500 | -2,900 | -5,400 | -10,100 | -1,100 | -3,900 | 400 | 7,700 | 0 | 0 | - |
Proceeds on sale of real estate | |||||||||||
- | - | - | - | - | - | - | - | - | - | 0 | 0 |
Payments to Acquire Businesses, Net of Cash Acquired | |||||||||||
0 | 0 | 105,200 | - | 0 | - | - | - | - | - | 0 | 294,200 |
Cash acquired with acquisition of Ariscom | |||||||||||
0 | 15,600 | 0 | - | - | - | - | - | - | - | - | - |
Purchases of fixed assets | |||||||||||
29,900 | 32,200 | 30,600 | 32,100 | 18,900 | 39,000 | 26,100 | 34,100 | 16,500 | 15,200 | 23,000 | 10,400 |
Sale of investment in subsidiary - continuing operations | |||||||||||
- | - | - | - | - | - | - | - | - | - | - | 57,700 |
Other, net | |||||||||||
13,100 | 300 | 29,500 | -21,900 | -8,100 | 25,900 | -31,500 | -100 | 2,400 | 4,900 | -9,000 | 7,100 |
Cash flows from financing activities: | |||||||||||
Cash used in investing activities | |||||||||||
-142,800 | -268,300 | -121,300 | -145,100 | -193,600 | -121,300 | 120,800 | -3,700 | 102,100 | 183,900 | -240,800 | -115,400 |
Additional long-term borrowings | |||||||||||
0 | 0 | 125,000 | 0 | 0 | - | - | 138,700 | 0 | 0 | - | - |
Payment on note payable | |||||||||||
600 | 0 | 0 | - | - | 100 | 0 | - | - | - | - | - |
Redemption of trust preferred securities, net | |||||||||||
- | - | - | - | - | 18,000 | 0 | 117,200 | 0 | 0 | - | - |
Activity under revolving credit facility, net | |||||||||||
- | - | - | - | - | - | - | - | - | - | -50,900 | -8,000 |
Activity under stock incentive plans | |||||||||||
1,900 | 1,600 | 1,400 | 1,000 | 1,800 | 4,600 | 2,600 | 1,200 | 1,100 | 4,300 | 3,100 | 1,700 |
Repurchase of Company's common shares | |||||||||||
0 | 31,700 | 45,200 | 47,100 | 29,700 | 50,800 | 46,500 | 44,200 | 49,500 | 105,200 | 0 | 5,100 |
Excess tax benefit from share-based payment arrangements | |||||||||||
- | - | - | - | - | 100 | 200 | - | -100 | -300 | -300 | -200 |
Payment of cash dividends to common shareholders | |||||||||||
43,100 | 37,500 | 33,200 | 26,600 | 22,700 | 18,200 | 15,800 | 12,300 | 13,100 | 14,200 | 0 | 0 |
Cash (used in) provided by financing activities | |||||||||||
-41,800 | -67,600 | 48,000 | -72,700 | -50,600 | -82,400 | -59,500 | -33,800 | -61,600 | -115,400 | -48,100 | -11,600 |
Effect of exchange rate changes on cash | |||||||||||
-100 | -2,800 | -1,100 | 100 | 1,700 | -3,200 | 500 | 100 | -3,600 | 0 | 0 | - |
Change in cash | |||||||||||
-1,400 | -37,400 | 90,600 | -35,700 | 40,700 | -76,400 | 61,600 | -6,900 | 19,200 | 65,400 | 12,900 | -8,500 |
Maybrooke Holdings S A [Member] | |||||||||||
Acquisition of Maybrooke, net of cash acquired | |||||||||||
- | - | - | 0 | - | - | - | - | - | - | - | - |
Ariscom [Member] | |||||||||||
Cash acquired with acquisition of Ariscom | |||||||||||
- | - | - | 0 | - | - | - | - | - | - | - | - |