Enstar group ltd (ESGRO)
CashFlow / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11
OPERATING ACTIVITIES:
Net earnings (loss)

-540,618

197,864

126,559

238,054

365,742

-149,378

-22,321

-145

-40,428

133,805

24,161

101,728

72,105

29,650

170,377

49,781

54,605

92,641

46,001

18,207

53,492

118,318

21,197

54,309

33,412

142,183

43,456

25,198

12,985

79,770

55,493

40,849

15,407

166,322

22,048

15,014

5,074

Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest

-

-

-

-

-

-

-

-

-

11,998

3,495

-4,871

371

5,483

3,897

2,378

205

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Adjustments to reconcile net earnings (loss) to cash flows provided by operating activities:
Realized gains on sale of investments

1,918

38,748

31,186

26,124

270

-8,990

-10,037

-2,628

-5,978

-3,344

4,938

403

-329

-12,697

4,914

2,158

-1,411

-2,702

-1,221

7,093

12,689

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Unrealized losses (gains) on investments

-636,394

113,916

116,999

243,587

460,521

-149,223

-47,186

-51,790

-137,052

80,655

19,707

32,793

55,511

-48,873

61,694

32,345

39,688

-55,460

-13,909

-18,342

30,331

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net realized and unrealized gains from other investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-8,249

17,391

16,997

-

20,125

11,151

18,931

18,851

7,689

2,499

2,340

-6,137

468

3,870

2,993

Depreciation and other amortization

11,393

10,784

8,851

8,048

7,900

5,752

8,332

11,635

7,576

7,190

10,128

9,495

9,302

7,427

8,678

8,088

10,745

-1,737

14,397

14,238

14,024

-1,700

43,551

1,808

211

51,799

256

251

254

465

373

314

317

399

423

387

384

Net change in trading securities held on behalf of policyholders

-

-

-

-

-

-

-

-

-

-

0

-25,514

-83

8

280

-97

1,093

-1,211

10,180

-148

-1,580

-1,243

-3,177

0

164

-1,298

-91

-450

-1,646

-8,696

-4,212

-6,056

-5,261

5,777

1,487

6,662

-7,110

Net realized and unrealized investment losses (gains)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-10,087

21,020

17,576

-

16,885

-39,070

11,189

-592

20,591

-808

23,042

8,368

-8,980

5,264

3,368

Gain on bargain purchase

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

13,105

Earnings from equity method investments

12,450

11,722

17,703

17,713

8,772

8,488

3,317

15,645

14,697

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net amortization of premiums and discounts

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-15,682

-12,462

-

-13,668

-14,748

-8,513

-5,741

-6,591

-7,511

-8,915

-8,368

-7,710

-4,469

-4,538

Sales and maturities of trading securities

800,631

1,337,450

1,706,363

1,299,041

1,486,423

1,215,694

1,481,019

1,200,534

904,977

2,000,201

1,886,057

1,151,916

1,073,433

1,183,514

590,095

990,999

642,180

961,599

1,020,791

742,371

926,919

534,783

602,710

1,062,912

636,516

616,568

620,312

648,966

793,980

759,357

583,364

570,845

555,018

470,512

362,164

256,488

374,473

Purchases of trading securities

284,860

528,772

1,229,724

1,453,552

1,379,411

1,216,323

1,315,761

1,326,507

1,733,720

1,932,972

1,994,815

1,341,623

2,275,239

945,395

608,225

835,350

711,545

863,051

889,984

1,111,743

1,187,652

400,570

396,936

630,302

558,633

456,393

729,667

736,282

791,239

609,683

688,677

711,691

607,978

622,732

555,322

325,892

654,563

Other non-cash items

-2,760

-7,759

-7,911

-13,500

-4,687

1,121

-2,352

-4,263

-6,363

-30,543

-5,192

-4,127

-1,225

-3,359

-1,396

-2,758

-1,053

145

1,424

-8,326

2,773

-1,815

2,925

1,476

-1,318

7,620

1,481

702

1,473

-4,061

1,542

101

1,653

-3,886

2,910

3,833

-1,339

Changes in:
Increase (Decrease) in Reinsurance Recoverable

-57,860

113,586

22,680

-42,729

256,706

-37,395

-34,393

-7,971

347,798

-97,797

57,923

29,792

540,939

219,127

-65,420

-59,774

-72,067

-139,522

-41,259

-173,710

-36,691

-140,958

-47,345

-132,421

-107,994

-217,500

-152,605

-10,552

-49,885

-123,366

-160,858

-234,188

-148,381

-150,529

-128,527

-3,329

43,567

Funds held by reinsured companies

418,647

15,466

3,762

-530,231

598,471

48,251

-5,403

-555,345

639,394

-113,675

-5,942

-8,350

221,277

-63,959

-50,204

-4,238

1,085,780

-7,415

-4,247

-2,221

-18,552

-16,249

3,472

-65,404

-36,167

-

-

-

-

-

-

-

-

-

-

-

-

Losses and loss adjustment expenses

16,817

388,514

207,867

-261,040

685,834

-143,603

-105,907

-377,900

1,587,609

-227,732

-55,957

-122,512

1,769,233

-151,667

-290,408

-214,644

916,058

31,161

-119,079

-154,572

-34,221

-336,846

-266,460

-182,971

-180,986

-392,018

-111,391

-103,501

-99,970

22,534

-162,006

-338,048

-145,654

-464,373

-168,811

-132,429

90,505

Defendant asbestos and environmental liabilities

-24,969

-

-

-

-5,807

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Policy benefits for life and annuity contracts

-

-

-

-

-

-848

-869

-2,079

-2,980

-3,484

106

2,036

-1,972

-3,939

-564

-3,580

-2,954

32,953

-9,815

-4,425

-9,603

43,618

-13,213

-13,408

-17,836

-

-

-

-

-

-

-

-

-

-

-

-

Insurance and reinsurance balances payable

78,693

-5,412

-48,737

-28,731

67,653

7,113

27,064

-2,089

119,830

-17,385

-216,246

39,382

36,508

122,846

-45,046

30,996

11,719

-81,153

26,690

13,273

20,555

-112,839

49,930

-70,134

-57,421

-134,259

-11,171

-18,393

-2,073

-39,929

20,156

-11,871

-33,831

4,850

-22,271

32,667

-40,079

Other assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

29,954

18,970

-

-161,671

7,177

-83,091

9,638

-17,240

-13,028

-43,322

103,648

-15,137

-48,212

-11,793

Unearned premiums

13,532

-59,206

-84,478

-60,583

108,424

13,898

-11,022

41,876

128,973

14,524

-19,409

9,132

30,607

-1,100

-27,418

9,518

24,682

-5,959

-39,901

-11,536

38,041

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Premiums receivable

54,467

-548

-73,774

-68,682

-67,489

74,671

646

137,106

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accounts payable and accrued liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-27,616

16,710

-

10,960

-20,066

-29,353

9,745

-30,624

24,793

-7,123

27,047

7,319

-1,402

-51,265

Other operating assets and liabilities

122,039

-85,333

32,615

22,027

-22,944

30,565

-47,562

52,907

193,555

-77,670

-214,467

7,447

-8,345

232,984

-244,866

98,536

44,550

102,351

157,538

69,633

-57,536

-78,421

-3,071

1,686

-4,643

197,674

-22,984

-93,326

11,520

-1,629

-10,008

-6,892

27,647

-18,711

-17,940

-70,985

26,048

Net cash flows provided by operating activities

158,112

1,123,282

544,563

-11,467

107,138

-251,027

203,505

-38,336

-74,214

139,139

-219,697

-168,410

-94,139

-107,242

88,590

-32,742

-151,295

272,299

-59,406

-258,640

-219,405

106,180

113,628

355,269

-31,072

63,213

-114,177

-22,015

10,592

68,779

-69,574

-172,508

-14,047

-226,380

-210,799

-182,387

-290,354

INVESTING ACTIVITIES:
Acquisitions, net of cash acquired

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-74,298

0

84,089

-140,458

-

-

-

-

100,850

24,750

0

283,960

-

-

-

-

0

80,556

0

7,949

Sales and maturities of available-for-sale securities

465,065

239,013

14,776

84,697

5,839

9,330

4,777

21,412

22,700

26,157

14,270

21,208

24,724

16,731

9,422

29,597

25,846

29,696

15,395

48,492

49,241

11,680

19,347

19,729

59,238

15,441

20,923

100,512

59,631

57,376

112,928

93,333

90,276

112,492

70,583

160,868

101,109

Purchase of available-for-sale securities

778,151

1,841,740

370,317

0

147

1

1,159

4,187

5,039

12,283

2,403

-7,026

7,188

-297

5,067

44,216

3,582

37,178

16,488

24,064

24,484

19,416

26,297

17,718

53,307

-

-

-

-

-

-

-

-

-

-

-

-

Maturities of held-to-maturity securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,274

7

5,239

-

5,166

50

261

-

-

-

-

-

-

-

-

-

-

-

-

Movement in restricted cash and cash equivalents

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-128,069

-202,625

-39,740

-

-12,056

-115,480

209,502

-8,002

-20,457

60,343

46,754

10,854

5,695

-162,631

72,856

-79,239

-67,560

-58,024

-85,384

Payments to Acquire Other Investments

160,814

63,445

447,288

60,224

225,961

116,755

321,980

186,474

275,862

11,682

30,687

29,279

38,237

43,732

29,131

21,717

-3,487

126,419

55,753

54,516

78,895

68,048

157,497

57,551

63,217

39,299

43,687

24,698

-288

31,887

56,541

84,109

42,021

-916

2,122

19,473

4,108

Proceeds from other investments

85,720

121,290

375,524

26,868

58,980

96,098

15,665

292,357

32,276

30,246

49,931

83,324

69,326

152,666

14,432

15,133

62,838

102,979

20,317

28,533

13,882

73,977

20,015

7,709

2,983

-

-

-

-

-

-

-

-

0

54,390

2,399

10,136

Purchase of equity method investments

0

30,810

-2,799

31,440

9,762

155,440

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other investing activities

0

216

731

1,768

1,956

166

314

3,537

4,304

6,786

7,123

4,727

4,981

5,148

1,096

378

1,219

-1,429

933

1,783

233

205

-846

-226

235

-2,117

283

-178

-120

153

182

21

433

-3,313

-15

154

143

Net cash flows used in investing activities

-388,180

-1,404,497

-425,237

19,204

-173,007

-414,402

-306,351

125,228

-230,229

129,058

43,008

77,552

43,644

92,436

-11,440

-11,657

87,370

-332,149

91,881

115,205

144,948

97,256

-126,364

105,465

-263,779

-102,220

-8,680

15,786

-270,675

31,218

50,510

171,937

-25,034

195,960

109,870

201,664

184,429

FINANCING ACTIVITIES:
Payments of Ordinary Dividends, Preferred Stock and Preference Stock

8,925

8,925

8,925

8,925

9,139

7,000

5,133

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments for Repurchase of Common Stock

12,526

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Contribution by redeemable noncontrolling interest

-

-

-

-

-

0

0

0

49

0

22

0

0

-

-

-

-

-

-

-

-

-254,954

18,087

-6,165

260,800

-

-

-

-

-

-

-

-

-

-

-

-

Dividends paid to noncontrolling interest

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,168

0

0

1,740

50,002

0

7,735

11,250

-

-

-

-

Purchase of noncontrolling shareholders' interest in subsidiaries

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

16,200

Receipt of loans

364,000

-306

20,002

706,806

344,000

691,485

66,953

28,669

345,400

340,000

45,000

52,000

437,100

417,000

0

154,048

0

120,000

163,000

265,700

109,000

0

0

0

70,000

95,000

47,800

0

227,000

-

-

-

-

-

-

-

-

Repayment of loans

14,000

20,000

307,204

313,370

102,000

224,500

111,757

445,124

132,938

347,937

35,703

147,500

381,000

307,000

45,750

120,000

20,500

249,000

82,500

46,000

0

-

-

98,250

35,000

-

-

-

-

-

-

-

-

70,442

0

166,516

40,500

Net cash flows provided by financing activities

328,549

-16,104

-296,127

372,908

232,861

617,648

-50,200

-26,973

212,511

-7,937

9,319

-122,958

56,100

115,643

-45,750

34,048

-20,500

-129,000

-79,328

228,675

109,000

-6,084

-79,434

-78,696

295,800

157,041

40,775

0

225,260

-91,677

0

-130,846

-11,250

102,914

106,718

106,837

-56,700

EFFECT OF EXCHANGE RATE CHANGES ON FOREIGN CURRENCY CASH AND CASH EQUIVALENTS

6,717

12,183

-6,071

-2,511

-3,925

2,356

-2,538

-12,289

15,059

3,220

5,656

10,911

-10,275

-10,497

-3,939

-3,488

3,939

-8,253

-4,054

9,218

-15,444

-4,503

-14,370

294

1,033

5,247

-14,255

-17,230

20,289

2,215

-9,464

11,485

-7,328

15,403

-2,936

3,224

-6,143

NET INCREASE IN CASH AND CASH EQUIVALENTS

105,198

-285,136

-182,872

378,134

163,067

-45,425

-155,584

47,630

-76,873

263,480

-161,714

-202,905

-4,670

90,340

27,461

-13,839

-80,486

-197,103

-50,907

94,458

19,099

192,849

-106,540

382,332

1,982

123,281

-96,337

-23,459

-14,534

10,535

-28,528

-119,932

-57,659

87,897

2,853

129,338

-168,768

Supplemental Cash Flow Information:
Income taxes paid, net of refunds

6,596

5,231

-792

564

9

1,342

2,340

11,467

2,461

2,085

4,569

2,621

3,917

4,698

1,688

5,143

10,687

8,186

11,776

1,628

11,715

10,623

14,189

3,293

13,725

8,105

7,586

13,133

3,291

5,845

6,726

15,526

-159

4,979

3,773

30,673

25,254

Interest paid

9,747

15,715

12,496

7,031

14,215

622

8,371

5,717

10,530

3,444

9,084

2,574

6,385

5,116

3,757

6,044

4,534

5,940

5,503

3,949

4,003

2,541

3,353

4,307

5,929

1,788

3,509

2,209

1,608

3,599

867

2,972

1,717

589

2,511

1,617

2,231