Sirius International Insurance Group (SG) quarterly cash flow statement covering the six quarters from June 2019 to September 2020, as reported to the SEC.
A cash flow statement shows the cash that actually came in and went out, split between running the business, investing and financing.
| Sep'20 | Jun'20 | Mar'20 | Dec'19 | Sep'19 | Jun'19 | ||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Cash flows from operating activities: | |||||||||||||||||||||
Net (loss) income | |||||||||||||||||||||
-104,000 | -7,200 | -121,300 | -150,300 | -7,600 | 8,200 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Net (loss) income | -104,000 | -7,200 | -121,300 | -150,300 | -7,600 | 8,200 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Adjustments to reconcile net income to net cash provided from operations: | |||||||||||||||||||||
Net realized and unrealized investment losses (gains) | |||||||||||||||||||||
27,400 | 15,800 | -23,500 | -46,000 | 69,200 | 31,100 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Net realized and unrealized investment losses (gains) | 27,400 | 15,800 | -23,500 | -46,000 | 69,200 | 31,100 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Amortization of premium on fixed maturity investments | |||||||||||||||||||||
-1,800 | -1,600 | -400 | 1,200 | 1,500 | 2,400 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Amortization of premium on fixed maturity investments | -1,800 | -1,600 | -400 | 1,200 | 1,500 | 2,400 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Amortization of intangible assets | |||||||||||||||||||||
3,900 | 4,000 | 3,900 | 4,000 | 3,900 | 4,000 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Amortization of intangible assets | 3,900 | 4,000 | 3,900 | 4,000 | 3,900 | 4,000 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Depreciation and other amortization | |||||||||||||||||||||
1,700 | 1,600 | 1,700 | 1,900 | 2,000 | 2,100 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Depreciation and other amortization | 1,700 | 1,600 | 1,700 | 1,900 | 2,000 | 2,100 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Share-based compensation | |||||||||||||||||||||
-2,500 | 2,300 | 1,900 | 1,200 | 3,400 | 3,300 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Share-based compensation | -2,500 | 2,300 | 1,900 | 1,200 | 3,400 | 3,300 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Other operating items: | |||||||||||||||||||||
Net change in loss and loss adjustment expense reserves | |||||||||||||||||||||
112,800 | -94,600 | 278,600 | 83,700 | 227,500 | 47,700 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Net change in loss and loss adjustment expense reserves | 112,800 | -94,600 | 278,600 | 83,700 | 227,500 | 47,700 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Net change in reinsurance recoverable on paid and unpaid losses | |||||||||||||||||||||
-18,300 | -26,700 | 91,100 | 8,900 | 46,000 | 27,300 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Net change in reinsurance recoverable on paid and unpaid losses | -18,300 | -26,700 | 91,100 | 8,900 | 46,000 | 27,300 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Net change in funds held by ceding companies | |||||||||||||||||||||
-15,900 | -15,900 | -22,500 | 49,600 | 6,800 | 34,600 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Net change in funds held by ceding companies | -15,900 | -15,900 | -22,500 | 49,600 | 6,800 | 34,600 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Net change in unearned insurance and reinsurance premiums | |||||||||||||||||||||
-138,000 | -147,500 | 309,500 | -123,300 | -40,200 | 20,200 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Net change in unearned insurance and reinsurance premiums | -138,000 | -147,500 | 309,500 | -123,300 | -40,200 | 20,200 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Net change in ceded reinsurance payable | |||||||||||||||||||||
-52,100 | -49,500 | 111,300 | -24,900 | 22,900 | 12,700 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Net change in ceded reinsurance payable | -52,100 | -49,500 | 111,300 | -24,900 | 22,900 | 12,700 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Net change in ceded unearned insurance and reinsurance premiums | |||||||||||||||||||||
37,800 | 59,300 | -96,600 | 19,100 | 3,400 | 11,800 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Net change in ceded unearned insurance and reinsurance premiums | 37,800 | 59,300 | -96,600 | 19,100 | 3,400 | 11,800 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Net change in insurance and reinsurance premiums receivable | |||||||||||||||||||||
-108,200 | -141,600 | 280,500 | -142,400 | 17,400 | 43,200 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Net change in insurance and reinsurance premiums receivable | -108,200 | -141,600 | 280,500 | -142,400 | 17,400 | 43,200 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Net change in deferred acquisition costs | |||||||||||||||||||||
-17,400 | -15,400 | 26,400 | -11,800 | 2,300 | 6,000 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Net change in deferred acquisition costs | -17,400 | -15,400 | 26,400 | -11,800 | 2,300 | 6,000 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Net change in funds held under reinsurance treaties | |||||||||||||||||||||
-7,300 | 10,300 | 12,700 | -27,500 | -14,700 | -3,000 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Net change in funds held under reinsurance treaties | -7,300 | 10,300 | 12,700 | -27,500 | -14,700 | -3,000 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Net change in current and deferred income taxes, net | |||||||||||||||||||||
-22,600 | -10,000 | 11,500 | 700 | 9,000 | 4,900 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Net change in current and deferred income taxes, net | -22,600 | -10,000 | 11,500 | 700 | 9,000 | 4,900 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Net change in other assets and liabilities, net | |||||||||||||||||||||
-20,000 | -3,400 | -2,000 | -36,900 | 4,900 | -26,900 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Net change in other assets and liabilities, net | -20,000 | -3,400 | -2,000 | -36,900 | 4,900 | -26,900 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Net cash provided from operating activities | |||||||||||||||||||||
43,100 | -42,800 | 115,200 | 21,900 | 72,900 | -9,600 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Net cash provided from operating activities | 43,100 | -42,800 | 115,200 | 21,900 | 72,900 | -9,600 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Cash flows from investing activities: | |||||||||||||||||||||
Net change in short-term investments | |||||||||||||||||||||
- | - | -33,800 | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Net change in short-term investments | - | - | -33,800 | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Sales of fixed maturities and convertible fixed maturity investments | |||||||||||||||||||||
70,700 | 210,600 | 99,300 | 142,600 | 188,800 | 106,800 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Sales of fixed maturities and convertible fixed maturity investments | 70,700 | 210,600 | 99,300 | 142,600 | 188,800 | 106,800 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Maturities, calls, and paydowns of fixed maturity and convertible fixed maturity investments | |||||||||||||||||||||
90,700 | 70,800 | 62,000 | 168,300 | 84,700 | 95,400 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Maturities, calls, and paydowns of fixed maturity and convertible fixed maturity investments | 90,700 | 70,800 | 62,000 | 168,300 | 84,700 | 95,400 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Sales of common equity securities | |||||||||||||||||||||
194,800 | 458,700 | 205,000 | 156,700 | 60,400 | 106,300 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Sales of common equity securities | 194,800 | 458,700 | 205,000 | 156,700 | 60,400 | 106,300 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Distributions, redemptions, and maturities of other long-term investments | |||||||||||||||||||||
3,200 | 12,200 | 7,400 | 21,000 | 20,000 | 18,300 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Distributions, redemptions, and maturities of other long-term investments | 3,200 | 12,200 | 7,400 | 21,000 | 20,000 | 18,300 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Return of principal on loan participations | |||||||||||||||||||||
1,300 | - | 100 | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Return of principal on loan participations | 1,300 | - | 100 | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Contributions to other long-term investments | |||||||||||||||||||||
4,500 | 8,400 | 17,600 | 6,900 | 5,200 | 16,300 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Contributions to other long-term investments | 4,500 | 8,400 | 17,600 | 6,900 | 5,200 | 16,300 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Purchases of common equity securities | |||||||||||||||||||||
179,900 | 219,800 | 253,600 | 162,000 | 49,100 | 86,000 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Purchases of common equity securities | 179,900 | 219,800 | 253,600 | 162,000 | 49,100 | 86,000 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Purchases of fixed maturities and convertible fixed maturity investments | |||||||||||||||||||||
197,100 | 411,900 | 261,200 | 222,300 | 233,500 | 165,800 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Purchases of fixed maturities and convertible fixed maturity investments | 197,100 | 411,900 | 261,200 | 222,300 | 233,500 | 165,800 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Net change in unsettled investment purchases and sales | |||||||||||||||||||||
35,100 | -42,200 | 22,500 | -26,300 | 21,300 | -7,600 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Net change in unsettled investment purchases and sales | 35,100 | -42,200 | 22,500 | -26,300 | 21,300 | -7,600 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Other, net | |||||||||||||||||||||
900 | 1,200 | 400 | 1,500 | -200 | -300 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Other, net | 900 | 1,200 | 400 | 1,500 | -200 | -300 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Net cash (used for) investing activities | |||||||||||||||||||||
-45,200 | 89,300 | -102,700 | -26,900 | -38,000 | 11,300 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Net cash (used for) investing activities | -45,200 | 89,300 | -102,700 | -26,900 | -38,000 | 11,300 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Cash flows from financing activities: | |||||||||||||||||||||
Change in collateral held on Interest Rate Cap | |||||||||||||||||||||
- | - | - | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Change in collateral held on Interest Rate Cap | - | - | - | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Proceeds from Contributions from Parent | |||||||||||||||||||||
- | - | - | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Proceeds from Contributions from Parent | - | - | - | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Net cash (used for) financing activities | |||||||||||||||||||||
-23,900 | -5,500 | - | -7,900 | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Net cash (used for) financing activities | -23,900 | -5,500 | - | -7,900 | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Effect of exchange rate changes on cash | |||||||||||||||||||||
5,300 | 8,100 | -7,300 | 3,700 | -5,600 | -200 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Effect of exchange rate changes on cash | 5,300 | 8,100 | -7,300 | 3,700 | -5,600 | -200 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Net increase (decrease) in cash during period | |||||||||||||||||||||
-20,700 | 49,100 | 5,200 | -9,200 | 29,300 | 1,500 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Net increase (decrease) in cash during period | -20,700 | 49,100 | 5,200 | -9,200 | 29,300 | 1,500 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||