| Mar'20 | Dec'19 | Sep'19 | Jun'19 | Mar'19 | Dec'18 | Sep'18 | Jun'18 | Mar'18 |
|---|---|---|---|---|---|---|---|---|
Cash flows from operations: | ||||||||
Net (loss) income | ||||||||
-121,300 | -150,300 | -7,600 | 8,200 | 104,100 | -130,500 | -27,700 | 98,200 | 43,300 |
Adjustments to reconcile net income to net cash provided from operations: | ||||||||
Gain (Loss) on Investments | ||||||||
-23,500 | -46,000 | 69,200 | 31,100 | 83,000 | -57,900 | -7,700 | 32,400 | 12,300 |
Amortization of premium on fixed maturity investments | ||||||||
-400 | 1,200 | 1,500 | 2,400 | 800 | 100 | -300 | -1,200 | -4,400 |
Amortization of Intangible Assets | ||||||||
3,900 | 4,000 | 3,900 | 4,000 | 3,900 | 4,000 | 3,900 | 4,000 | 3,900 |
Depreciation and other amortization | ||||||||
1,700 | 1,900 | 2,000 | 2,100 | 2,200 | 2,400 | 2,300 | 2,300 | 2,500 |
Share-based compensation | ||||||||
1,900 | 1,200 | 3,400 | 3,300 | 1,200 | - | - | - | - |
Other operating items: | ||||||||
Net change in loss and loss adjustment expense reserves | ||||||||
278,600 | 83,700 | 227,500 | 47,700 | -1,100 | 127,600 | 57,500 | 22,800 | -4,200 |
Net change in reinsurance recoverable on paid and unpaid losses | ||||||||
91,100 | 8,900 | 46,000 | 27,300 | 8,700 | 26,000 | 600 | 51,300 | 17,800 |
Net change in funds held by ceding companies | ||||||||
-22,500 | 49,600 | 6,800 | 34,600 | 20,100 | 7,100 | 22,000 | 6,700 | 12,200 |
Net change in unearned insurance and reinsurance premiums | ||||||||
309,500 | -123,300 | -40,200 | 20,200 | 232,400 | -116,300 | -36,300 | 76,300 | 271,800 |
Net change in ceded reinsurance payable | ||||||||
111,300 | -24,900 | 22,900 | 12,700 | 37,700 | -19,600 | -28,100 | 93,500 | 47,600 |
Net change in ceded unearned insurance and reinsurance premiums | ||||||||
-96,600 | 19,100 | 3,400 | 11,800 | -47,600 | 30,000 | 17,100 | -51,800 | -71,600 |
Net change in insurance and reinsurance premiums receivable | ||||||||
280,500 | -142,400 | 17,400 | 43,200 | 208,800 | -127,800 | -48,100 | 127,800 | 192,200 |
Net change in deferred acquisition costs | ||||||||
26,400 | -11,800 | 2,300 | 6,000 | 14,200 | -10,800 | 1,000 | 6,400 | 31,800 |
Net change in funds held under reinsurance treaties | ||||||||
12,700 | -27,500 | -14,700 | -3,000 | -15,400 | -5,600 | -32,400 | 5,700 | -10,400 |
Net change in current and deferred income taxes, net | ||||||||
11,500 | 700 | 9,000 | 4,900 | -9,100 | 19,900 | 11,900 | -48,300 | -2,200 |
Net change in other assets and liabilities, net | ||||||||
-2,000 | -36,900 | 4,900 | -26,900 | -2,900 | 46,300 | -30,600 | 51,900 | 21,600 |
Net cash provided from operations | ||||||||
115,200 | 21,900 | 72,900 | -9,600 | 24,600 | 700 | 72,300 | 12,600 | 22,400 |
Cash flows from investing activities: | ||||||||
Net change in short-term investments | ||||||||
-33,800 | 76,500 | 125,600 | 40,100 | 120,100 | -67,500 | -61,000 | 38,600 | 180,000 |
Sales of fixed maturities and convertible fixed maturity investments | ||||||||
99,300 | 142,600 | 188,800 | 106,800 | 135,100 | 223,200 | 204,900 | 378,800 | 566,200 |
Maturities, calls, and paydowns of fixed maturity and convertible fixed maturity investments | ||||||||
62,000 | 168,300 | 84,700 | 95,400 | 59,300 | 33,700 | 11,000 | 34,000 | 24,000 |
Sales of common equity securities | ||||||||
205,000 | 156,700 | 60,400 | 106,300 | 45,900 | 105,200 | 58,900 | 77,300 | 111,700 |
Distributions, redemptions, and maturities of other long-term investments | ||||||||
7,400 | 21,000 | 20,000 | 18,300 | 15,300 | 10,300 | 1,900 | 7,800 | 52,400 |
Return of principal on loan participations | ||||||||
100 | - | - | - | 0 | - | - | - | - |
Contributions to other long-term investments | ||||||||
17,600 | 6,900 | 5,200 | 16,300 | 25,000 | 28,800 | 36,500 | 30,400 | 64,400 |
Purchases of common equity securities | ||||||||
253,600 | 162,000 | 49,100 | 86,000 | 39,800 | 113,300 | 75,100 | 137,500 | 179,800 |
Purchases of fixed maturities and convertible fixed maturity investments | ||||||||
261,200 | 222,300 | 233,500 | 165,800 | 105,100 | 258,400 | 309,700 | 266,400 | 486,800 |
Net change in unsettled investment purchases and sales | ||||||||
22,500 | -26,300 | 21,300 | -7,600 | 10,000 | -19,800 | 11,900 | -90,500 | 97,200 |
Other, net | ||||||||
400 | 1,500 | -200 | -300 | -300 | 1,500 | 1,700 | 800 | 900 |
Net cash (used for) investing activities | ||||||||
-102,700 | -26,900 | -38,000 | 11,300 | -24,100 | 18,100 | -81,300 | -66,300 | -60,400 |
Cash flows from financing activities: | ||||||||
Change in collateral held on Interest Rate Cap | ||||||||
0 | 0 | 0 | 0 | -100 | - | - | - | - |
Proceeds from Contributions from Parent | ||||||||
- | - | - | - | - | 0 | 0 | 0 | 1,400 |
Net cash (used for) from financing activities | ||||||||
0 | -7,900 | 0 | 0 | -100 | -8,000 | 0 | 0 | 1,400 |
Effect of exchange rate changes on cash | ||||||||
-7,300 | 3,700 | -5,600 | -200 | -3,600 | -100 | 500 | -7,800 | -2,500 |
Net increase (decrease) in cash during period | ||||||||
5,200 | -9,200 | 29,300 | 1,500 | -3,200 | 10,700 | -8,500 | -61,500 | -39,100 |