Everest re group, ltd. (RE)
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'11Dec'10Sep'10Jun'10Mar'10Sep'09Jun'09
CASH FLOWS FROM OPERATING ACTIVITIES:
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest

16,612

217,644

100,062

337,204

354,551

-385,313

194,141

69,895

210,318

584,808

-639,374

245,674

291,643

373,572

295,394

155,692

171,686

357,281

88,553

209,057

322,978

297,956

301,253

297,925

302,022

366,748

238,527

275,642

384,343

58,777

250,922

214,551

304,704

41,042

63,054

131,312

-315,894

302,533

174,200

156,673

-22,652

228,618

272,588

Adjustments to reconcile net income to net cash provided by operating activities:
Decrease (increase) in premiums receivable

119,548

-157,619

41,318

9,942

168,377

125,696

130,936

69,529

56,826

-213,634

227,011

116,702

220,367

-169,904

205,727

-12,564

-7,604

-180,222

221,584

-44,879

101,728

-304,016

157,818

123,360

-25,533

-183,945

181,317

167,239

53,067

33,771

227,333

-70,139

-37,271

75,692

6,371

35,074

118,423

-61,327

-76,794

-2,624

7,759

10,974

-44,864

Increase in funds held by reinsureds, net

28,973

38,761

-38,219

65,533

-9,353

80,438

-4,605

173,210

-95,416

28,478

-3,238

9,191

-1,211

23,915

-478

14,936

-60,592

2,030

34,990

-5,272

12,027

-5,094

9,077

1,251

-3,399

323

-12,729

16,828

-4,584

3,791

-37,682

-10,673

2,266

-784

22,036

-22,645

-16,843

-25,182

10,024

11,156

2,429

7,458

-21,004

Decrease (increase) in reinsurance receivables

130,593

-110,335

23,572

53,875

-34,556

80,753

-36,172

467,247

-236

-6,790

253,545

-38,428

30,158

115,143

19,523

35,419

32,865

32,631

183,287

-40,843

90,028

-45,810

119,381

22,179

114,898

-196,128

11,187

-26,758

92,736

19,302

22,945

33,809

-20,782

10,061

-89,855

-537

-17,218

-16,729

17,392

29,147

33,144

34,620

75,952

Increase (Decrease) in Income Taxes Receivable

65,114

-69,119

11,925

-88,429

-91,856

322,981

-14,400

12,389

-55,905

-133,494

265,933

18,648

-37,010

-38,591

-26,359

6,541

3,883

-24,856

40,729

35,112

-14,214

-46,029

29,953

19,160

-34,417

-83,840

-73,279

7,498

-64,227

-16,692

-19,927

-4,768

3,309

-75,497

-14,638

-49,873

57,306

-

-

-

-

-

-

Decrease (increase) in deferred tax asset

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-14,935

-3,956

-30,005

120,471

75,216

17,582

-19,240

2,237

-29,324

11,853

-6,789

5,771

9,228

Increase (Decrease) in Prepaid Reinsurance Premiums

10,572

-50,639

8,754

125,415

11,677

-26,249

6,130

53,850

32,194

-23,864

22,822

63,387

23,704

-33,692

14,904

41,024

10,219

-45,587

27,843

26,695

12,868

-23,348

33,132

70,705

-2,359

-8,736

14,605

10,354

-3,446

-34,759

27,524

-3,130

-5,993

3,098

-10,126

-22,319

-17,027

-4,866

17,459

13,098

-410

-

-

Increase (decrease) in reserve for losses and loss adjustment expenses

406,257

-151,288

398,572

97,023

58,073

786,326

368,183

344,617

-121,415

-551,217

1,830,045

-1,602

99,095

75,407

118,413

301,650

50,497

46,438

234,162

168,901

-55,334

368,035

-164,456

-64,403

56,348

98,134

100,751

47,200

127,942

-235,945

138,310

95,066

172,164

-247,859

115,014

-146,938

-546,447

37,284

-8,642

-30,445

-418,945

26,614

-181,592

Decrease in future policy benefit reserve

-915

-1,684

-854

-1,751

103

-1,093

-974

-262

-1,907

-3,265

41

-919

83

-1,924

-829

-610

-473

-670

124

-237

-127

2,187

-735

279

-1,423

-5,743

-285

229

-796

374

-535

-574

-345

5,217

-638

-176

-218

-745

-220

-434

-135

-1,168

-2,013

Increase (decrease) in unearned premiums

158,744

133,112

169,334

84,106

135,157

177,724

212,771

65,930

85,598

11,443

228,722

35,395

125,614

-111,085

208,328

-93,199

-26,116

-98,405

162,304

-119,915

-40,934

-94,388

158,734

16,787

80,016

-42,769

178,193

72,212

54,323

-46,193

121,344

-186,162

12,593

39,179

34,686

-106,556

-7,131

-82,589

106,215

-28,341

41,598

103,568

-22,387

Increase (Decrease) in Reinsurance Payables

95,555

-93,829

27,832

69,148

63,326

-66,943

-22,751

77,560

24,410

-49,285

-6,573

52,263

13,666

-59,293

38,985

41,254

5,254

-26,376

53,391

-64,460

81,172

-73,676

1,438

99,370

1,176

-108,745

33,937

25,577

4,188

-64,576

138,239

30,025

-3,122

20,849

13,645

-6,899

-22,684

-

-

-

-

-

-

Increase Decrease In Losses In Course Of Payment

-1,422

-27,119

-42,176

102,452

-66,714

24,262

-63,126

116,154

45,919

-243,176

-150,752

174,742

113,815

-53,606

-3,515

-13,285

24,473

-186,382

47,415

23,435

71,568

-339,311

3,115

54,987

107,003

-262,644

174,701

81,362

148,773

85,895

76,527

-20,878

31,688

-

-

-

-

-

-

-

-

-

-

Change In Equity Adjustments In Limited Partnerships

8,512

3,345

47,956

48,952

8,079

13,675

42,479

21,302

24,596

28,558

23,123

20,034

10,998

4,650

16,771

22,699

-6,181

240

-115

6,078

6,762

15,026

21,238

5,513

-2,313

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Change in equity adjustments in limited partnerships

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

21,238

5,513

-

-

4,343

18,994

17,356

-

18,274

15,972

12,520

-10,504

16,439

14,309

36,305

40,264

-1,026

16,091

16,164

-23,512

-19,809

Reimbursement from Limited Partnership Investment

11,108

18,941

21,038

26,522

14,799

15,545

26,809

26,745

15,524

13,966

13,867

17,608

5,384

9,095

11,617

25,381

15,915

11,359

24,293

9,732

8,600

9,955

27,735

4,830

8,600

8,249

5,638

9,409

33,686

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Change in other assets and liabilities, net

45,259

16,727

-23,371

90,972

-30,152

70,635

140,252

-31,715

142,935

-49,622

54,857

74,762

-12,999

-109,160

180,867

-13,927

-12,175

19,323

10,734

-560

-32,168

110,521

-24,758

32,913

23,959

-10,900

-6,754

31,052

43,814

20,125

11,280

-113,547

5,354

18,180

-65,828

64,275

-125,238

43,367

34,701

-86,141

55,877

-56,631

52,725

Non-cash compensation expense

9,393

8,632

8,215

8,115

9,056

6,578

8,225

9,230

8,336

7,286

7,286

8,224

7,501

6,039

6,097

6,221

8,041

5,087

5,786

5,194

5,170

6,477

4,952

5,341

4,427

16,756

4,923

4,551

5,614

9,158

9,452

7,652

5,722

4,740

5,295

4,212

3,446

2,857

4,799

3,589

3,541

3,534

3,620

Amortization of bond premium

8,640

7,294

10,321

7,422

5,899

4,468

7,127

8,727

8,950

11,210

12,182

10,729

11,746

11,016

14,026

11,771

12,354

12,131

13,256

12,181

13,333

11,204

10,942

13,496

13,572

16,181

14,773

16,900

18,607

16,049

14,829

16,200

14,766

13,488

8,814

12,818

12,752

9,906

14,850

10,454

10,885

5,912

4,391

Amortization of underwriting discount on senior notes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1

1

1

-

1

1

1

3

15

14

14

13

14

14

13

14

13

12

13

13

12

12

12

11

12

11

42

48

48

Realized gain on debt repurchase

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Net realized capital (gains) losses

-210,588

75,443

-12,943

30,272

92,232

-172,815

54,804

15,776

-24,901

33,663

41,535

25,268

52,728

34,005

380

32,658

-74,259

10,507

-159,971

-24,178

-10,505

13,352

-9,448

59,016

21,126

94,629

44,958

33,905

126,735

19,518

62,743

-16,580

98,719

137,283

-137,671

-4,845

12,156

32,591

38,295

-41,693

72,718

31,063

23,462

Net cash provided by operating activities

505,989

365,139

633,352

393,709

459,802

66,440

410,981

-62,992

195,640

118,475

409,856

252,550

381,812

422,852

277,182

308,090

375,476

306,394

270,204

181,068

350,569

128,818

335,512

223,335

367,097

273,297

386,022

179,584

259,358

215,196

174,926

138,772

165,738

171,082

207,910

150,640

188,106

127,862

297,771

221,510

271,332

314,743

103,421

CASH FLOWS FROM INVESTING ACTIVITIES:
Proceeds from fixed maturities matured/called - available for sale, at market value

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

420,404

503,428

-

515,378

577,404

594,807

504,415

590,769

556,764

490,745

502,752

594,260

706,674

612,044

535,686

503,303

381,216

410,377

-

537,715

372,401

-

-

-

-

-

-

-

Proceeds From Securities Matured Called Available For Sale Fixed Maturities At Fair Value

656,070

671,001

621,377

549,384

460,537

529,200

344,690

587,378

512,384

540,746

474,390

619,289

525,873

-

-

-

-

-

-

-

-

0

0

0

875

0

0

4,213

3,000

-

1,300

-

-

0

-431,364

5,875

438,264

-

424,326

369,775

413,390

364,585

318,283

The cash inflow associated with the sale of debt securities classified as available-for-sale securities, held at market value.

501,953

691,005

271,025

519,981

1,798,226

1,392,289

530,766

861,085

364,288

709,907

700,728

562,718

428,491

369,673

293,997

270,646

324,118

578,093

414,327

375,861

355,812

761,719

443,606

277,767

328,709

247,030

214,173

376,688

254,496

273,838

217,983

203,240

218,078

376,593

487,973

336,770

530,910

786,373

122,884

238,940

484,522

109,963

48,701

Proceeds From Sale Of Available For Sale Securities Debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

211

377

1,236

12,611

3,093

0

20,763

3,175

1,056

13,678

3,664

11,991

11,783

1,862

59,281

2,526

12,512

17,168

32,952

936

10,689

6,115

2,497

4,010

4,510

Proceeds From Sale Of Available-For-Sale Securities, Equity, Market Value

-

-

-

-

-

-

-

-

-

772

0

0

18,802

6,268

-71

23

203

6,816

17,521

4,516

83

5,727

2,502

8,138

534

393

326

44,194

1,229

150,015

76,000

34,549

20,243

0

1

110

27,096

-

3

712

-

23,067

34

Proceeds From Securities Sold Available For Sale Equity Securities At Fair Value

112,841

98,808

35,924

79,733

69,500

413,590

209,437

376,507

199,875

315,772

57,861

117,911

140,315

180,799

112,522

337,793

92,245

174,352

139,072

162,654

137,966

131,555

147,622

126,294

178,598

245,886

101,176

252,594

106,175

171,823

89,311

53,950

243,656

92,480

61,080

37,000

56,667

146,471

14,899

51,400

21,342

11,309

10,591

Distributions from other invested assets

104,085

68,758

72,048

89,060

54,692

40,080

83,073

1,916,971

1,061,894

2,023,102

1,079,542

1,310,494

1,165,905

1,222,897

1,338,905

1,149,972

1,111,710

15,419

14,077

16,908

10,797

56,218

36,744

5,443

17,077

20,392

5,236

24,437

50,016

704

32,015

12,798

8,219

-34,962

15,923

40,535

86,559

28,335

21,154

19,630

10,730

27,280

10,647

Proceeds from fixed maturities matured/called - available for sale, at fair value

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

6,900

-

-

-

-

-

0

The cash outflow to acquire debt securities classified as available-for-sale securities, because they are not classified as either held-to-maturity securities or trading securities, held at market value.

1,359,281

1,574,189

1,573,397

1,216,668

2,249,663

2,551,171

1,195,002

1,012,613

1,150,718

1,356,514

894,396

1,327,445

1,552,743

1,087,104

1,042,265

853,537

1,078,990

1,134,313

1,135,869

1,077,663

1,370,458

943,210

1,270,700

1,295,283

1,163,440

749,741

671,876

1,105,870

1,016,289

1,184,638

889,195

641,902

612,674

944,353

756,432

582,696

954,632

438,468

366,121

938,124

1,023,499

840,561

-550,863

Payments For Securities Acquired Available For Sale Fixed Maturities At Fair Value

-

-

-

-

-

0

0

2,545

1,836

-

-

-

-

-

-

-

-

-

-

-

-

414

22,375

0

1,309

1,398

2,092

1,411

1,295

791

1,658

2,382

3,124

2,456

9,801

7,148

8,076

53,706

56,938

9,486

14,194

2,548

-3,244

Payments To Acquire Available-For-Sale Securities, Equity, Market Value

-

-

-

-

-

-

-

-

-

2,837

16,586

1,328

1,282

8,344

1,801

1,288

1,105

4,269

1,040

1,077

4,464

6,143

1,254

2,073

8,546

5,172

1,097

51,921

1,566

6,445

7,472

6,202

6,452

7,254

4,772

28,683

87,128

-

857

1,426

-

-

0

Payments For Securities Acquired Available For Sale Equity Securities At Fair Value

76,513

59,448

40,899

82,635

146,435

101,013

98,127

412,371

310,426

87,421

92,677

191,641

66,902

77,385

75,501

97,746

96,297

95,924

143,315

146,239

171,411

183,586

79,557

90,985

92,329

196,786

180,308

121,327

122,617

121,461

111,767

79,934

113,345

70,867

342,567

213,658

128,642

409,748

23,927

38,095

42,322

12,948

-10,320

Payments to Acquire Interest In Subsidiaries and Affiliates

152,269

125,958

92,157

92,295

115,028

125,638

76,162

2,221,365

947,290

2,152,665

1,245,325

1,247,011

1,184,270

1,264,582

1,420,113

1,257,183

1,454,123

145,676

42,033

56,929

41,961

103,829

86,523

29,427

4,961

6,872

3,762

4,617

6,684

8,688

21,089

16,680

11,912

7,000

5,730

27,544

24,558

13,311

16,019

10,034

27,044

11,882

18,503

Cost of businesses acquired

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

63,100

-

-

-

-

-

-

Net change in short-term securities

27,882

-45,758

-286,935

145,595

354,388

-454,815

212,707

-43,537

-169,705

147,923

31,566

-150,744

45,178

119,070

-216,134

88,325

-360,238

157,169

-291,023

15,073

-222,952

-208,339

-138,855

270,962

152,715

350,043

139,544

-53,629

-78,507

-112,153

24,466

5,025

257,705

-149,585

51,333

130,222

-132,939

193,976

208,162

-209,878

-82,019

229,898

-78,140

Net change in unsettled securities transactions

17,185

12,393

102,301

-38,722

-49,809

54,599

-133,998

80,059

-46,708

-188,979

267,008

188,902

-236,702

35,106

15,125

-29,229

-30,390

4,477

22,717

-4,980

505

17,929

7,137

-19,069

-1,564

-11,710

70,186

-64,135

8,467

30,872

-59,991

32,856

-38,822

21,883

11,755

-175,061

127,860

-20,966

22,855

58,493

-47,298

-104,102

-49,629

Net cash used in investing activities

-258,181

-200,690

-521,445

-257,607

-432,750

-2,447

-279,348

57,590

-55,416

31,918

-235,037

-195,171

-334,287

-326,899

-34,366

-88,425

-208,183

-312,009

50,569

-154,515

-265,146

425,473

-104,355

-695,255

-384,435

-278,674

-152,638

255,096

-47,787

-96,685

-63,961

-97,366

-6,536

-112,998

-67,186

-5,031

-81,709

35,380

-100,924

-159,208

-45,261

-453,521

-62,395

CASH FLOWS FROM FINANCING ACTIVITIES:
Payments for Shares Issued for Share-Based Compensation, Net of Expense

12,573

-4,702

351

-803

8,288

394

-1,668

48

9,383

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Common shares issued during the period for share-based compensation, net of expense

-

-

-

-

-

-

-

-

-

-

197

782

-6,629

5,436

2,632

2,532

151

3,701

4,428

5,466

2

2,374

2,322

11,022

2,121

-172

5,103

19,651

26,918

1,605

1,913

15,344

2,611

3,761

951

5,879

1,678

1,617

600

128

721

1,114

256

Purchase of treasury shares

200,020

0

0

8,451

16,153

-

-

-

-

-

-

-

-

7,060

192,871

100,443

85,914

75,078

200,000

49,941

75,040

100,082

74,991

74,968

249,983

71,959

100,001

211,323

238,632

39,963

25,026

100,000

124,999

8,251

46,628

0

37,611

51,714

99,729

200,079

47,032

41,077

49,418

Net cost of junior subordinated debt securities redemption

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

329,897

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from issuance of senior notes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

400,000

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Third party investment in redeemable noncontrolling interest

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

65,000

-53,000

-70,700

-

-87,500

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Subscription advances for third party redeemable noncontrolling interest

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

77,500

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments of Dividends, Common Stock

63,277

63,191

56,995

56,999

57,137

56,878

52,863

53,240

53,240

53,355

51,302

51,304

51,281

51,087

47,459

48,132

48,706

49,202

41,698

41,955

42,252

42,879

33,973

34,319

34,742

-

23,174

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cost of debt repurchase

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Net cost of senior notes maturing

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

200,000

-

0

Revolving credit borrowings

50,000

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-40,000

40,000

-

-

-

-

-

0

-40,000

0

-10,000

-

50,000

-133,000

-

-

0

Repayments Of Debt

1,198

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments Related to Tax Withholding for Share-based Compensation

13,982

1,154

725

305

11,443

1,653

400

614

14,245

199

300

890

11,517

578

927

759

8,331

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Dividends paid on third party investment in redeemable noncontrolling interest

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

10,334

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Dividends paid to shareholders

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

34,319

-

-

-

23,315

24,231

-

24,897

25,129

25,641

25,786

25,936

26,081

26,045

26,063

26,574

27,556

28,284

29,100

29,549

Net cash used in financing activities

-241,050

-59,643

-58,071

-64,952

-93,021

-58,925

-101,595

-79,206

-76,868

-103,214

-51,405

-51,412

-69,427

-53,289

-238,625

-146,802

-142,800

-132,180

-237,270

-86,430

-117,290

-516,453

-181,976

432,235

-211,904

34,908

-70,572

-504,884

-235,945

-63,093

-48,010

-109,785

-148,029

-30,276

-111,613

-20,202

-71,978

-109,160

-175,703

-94,507

-274,595

-69,063

-78,711

EFFECT OF EXCHANGE RATE CHANGES ON CASH

2,832

-13,942

1,969

6,243

-6,152

11,266

-9,770

3,515

2,163

2,493

-7,224

-5,002

8,220

3,463

2,317

27,481

20,792

20,227

-21,178

203

-7,032

-2,167

11,052

-4,149

3,264

-7,683

-12,414

-14,796

11,460

3,074

16,752

-4,817

12,223

-22,863

3,072

1,969

-8,680

3,186

-11,457

9,499

15,085

616

42,737

Net (decrease) increase in cash

9,590

90,864

55,805

77,393

-72,121

16,334

20,268

-81,093

65,519

49,672

116,190

965

-13,682

46,127

6,508

100,344

45,285

-117,568

62,325

-59,674

-38,899

35,671

60,233

-43,834

-225,978

21,848

150,398

-85,000

-12,914

58,492

79,707

-73,196

23,396

4,945

32,183

127,376

25,739

57,268

9,687

-22,706

-33,439

-207,225

5,052

SUPPLEMENTAL CASH FLOW INFORMATION:
Income taxes paid (recovered)

4,920

-68,041

3,451

6,851

-90,846

2,877

-23,790

7,102

-51,253

106,155

929

48,179

9,593

2,564

-1,833

36,905

5,000

41,622

29,882

69,086

24,266

6,895

49,319

80,981

16,260

4,384

-1,820

47,550

19,188

5,291

30,662

12,617

11,184

-38,617

6,627

-24,471

11,924

5,737

-877

-48,597

12,759

2,983

40,644

InterestPaidNet

2,817

12,611

3,094

12,830

3,154

12,706

2,987

12,332

2,422

15,875

2,280

17,713

105

17,783

35

17,822

370

17,934

132

17,775

132

24,274

132

14,844

174

14,866

243

17,280

6,001

21,072

5,851

20,387

5,698

20,262

5,607

20,259

5,519

20,177

5,660

20,160

14,201

14,194

19,806