Sirius International Insurance Group (SG) trailing twelve month cash flow statement covering six trailing twelve month periods to September 30, 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 | |||||||||||||||||||||
-382,800 | -286,400 | -271,000 | -45,600 | -25,800 | -45,900 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Net (loss) income | -382,800 | -286,400 | -271,000 | -45,600 | -25,800 | -45,900 | 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) | |||||||||||||||||||||
-26,300 | 15,500 | 30,800 | 137,300 | 125,400 | 48,500 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Net realized and unrealized investment losses (gains) | -26,300 | 15,500 | 30,800 | 137,300 | 125,400 | 48,500 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Amortization of premium on fixed maturity investments | |||||||||||||||||||||
-2,600 | 700 | 4,700 | 5,900 | 4,800 | 3,000 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Amortization of premium on fixed maturity investments | -2,600 | 700 | 4,700 | 5,900 | 4,800 | 3,000 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Amortization of intangible assets | |||||||||||||||||||||
15,800 | 15,800 | 15,800 | 15,800 | 15,800 | 15,800 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Amortization of intangible assets | 15,800 | 15,800 | 15,800 | 15,800 | 15,800 | 15,800 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Depreciation and other amortization | |||||||||||||||||||||
6,900 | 7,200 | 7,700 | 8,200 | 8,700 | 9,000 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Depreciation and other amortization | 6,900 | 7,200 | 7,700 | 8,200 | 8,700 | 9,000 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Share-based compensation | |||||||||||||||||||||
2,900 | 8,800 | 9,800 | 9,100 | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Share-based compensation | 2,900 | 8,800 | 9,800 | 9,100 | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Other operating items: | |||||||||||||||||||||
Net change in loss and loss adjustment expense reserves | |||||||||||||||||||||
380,500 | 495,200 | 637,500 | 357,800 | 401,700 | 231,700 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Net change in loss and loss adjustment expense reserves | 380,500 | 495,200 | 637,500 | 357,800 | 401,700 | 231,700 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Net change in reinsurance recoverable on paid and unpaid losses | |||||||||||||||||||||
55,000 | 119,300 | 173,300 | 90,900 | 108,000 | 62,600 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Net change in reinsurance recoverable on paid and unpaid losses | 55,000 | 119,300 | 173,300 | 90,900 | 108,000 | 62,600 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Net change in funds held by ceding companies | |||||||||||||||||||||
-4,700 | 18,000 | 68,500 | 111,100 | 68,600 | 83,800 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Net change in funds held by ceding companies | -4,700 | 18,000 | 68,500 | 111,100 | 68,600 | 83,800 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Net change in unearned insurance and reinsurance premiums | |||||||||||||||||||||
-99,300 | -1,500 | 166,200 | 89,100 | 96,100 | 100,000 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Net change in unearned insurance and reinsurance premiums | -99,300 | -1,500 | 166,200 | 89,100 | 96,100 | 100,000 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Net change in ceded reinsurance payable | |||||||||||||||||||||
-15,200 | 59,800 | 122,000 | 48,400 | 53,700 | 2,700 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Net change in ceded reinsurance payable | -15,200 | 59,800 | 122,000 | 48,400 | 53,700 | 2,700 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Net change in ceded unearned insurance and reinsurance premiums | |||||||||||||||||||||
19,600 | -14,800 | -62,300 | -13,300 | -2,400 | 11,300 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Net change in ceded unearned insurance and reinsurance premiums | 19,600 | -14,800 | -62,300 | -13,300 | -2,400 | 11,300 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Net change in insurance and reinsurance premiums receivable | |||||||||||||||||||||
-111,700 | 13,900 | 198,700 | 127,000 | 141,600 | 76,100 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Net change in insurance and reinsurance premiums receivable | -111,700 | 13,900 | 198,700 | 127,000 | 141,600 | 76,100 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Net change in deferred acquisition costs | |||||||||||||||||||||
-18,200 | 1,500 | 22,900 | 10,700 | 11,700 | 10,400 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Net change in deferred acquisition costs | -18,200 | 1,500 | 22,900 | 10,700 | 11,700 | 10,400 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Net change in funds held under reinsurance treaties | |||||||||||||||||||||
-11,800 | -19,200 | -32,500 | -60,600 | -38,700 | -56,400 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Net change in funds held under reinsurance treaties | -11,800 | -19,200 | -32,500 | -60,600 | -38,700 | -56,400 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Net change in current and deferred income taxes, net | |||||||||||||||||||||
-20,400 | 11,200 | 26,100 | 5,500 | 24,700 | 27,600 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Net change in current and deferred income taxes, net | -20,400 | 11,200 | 26,100 | 5,500 | 24,700 | 27,600 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Net change in other assets and liabilities, net | |||||||||||||||||||||
-62,300 | -37,400 | -60,900 | -61,800 | 21,400 | -14,100 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Net change in other assets and liabilities, net | -62,300 | -37,400 | -60,900 | -61,800 | 21,400 | -14,100 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Net cash provided from operating activities | |||||||||||||||||||||
137,400 | 167,200 | 200,400 | 109,800 | 88,600 | 88,000 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Net cash provided from operating activities | 137,400 | 167,200 | 200,400 | 109,800 | 88,600 | 88,000 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Cash flows from investing activities: | |||||||||||||||||||||
Net change in short-term investments | |||||||||||||||||||||
- | - | 208,400 | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Net change in short-term investments | - | - | 208,400 | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Sales of fixed maturities and convertible fixed maturity investments | |||||||||||||||||||||
523,200 | 641,300 | 537,500 | 573,300 | 653,900 | 670,000 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Sales of fixed maturities and convertible fixed maturity investments | 523,200 | 641,300 | 537,500 | 573,300 | 653,900 | 670,000 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Maturities, calls, and paydowns of fixed maturity and convertible fixed maturity investments | |||||||||||||||||||||
391,800 | 385,800 | 410,400 | 407,700 | 273,100 | 199,400 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Maturities, calls, and paydowns of fixed maturity and convertible fixed maturity investments | 391,800 | 385,800 | 410,400 | 407,700 | 273,100 | 199,400 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Sales of common equity securities | |||||||||||||||||||||
1,015,200 | 880,800 | 528,400 | 369,300 | 317,800 | 316,300 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Sales of common equity securities | 1,015,200 | 880,800 | 528,400 | 369,300 | 317,800 | 316,300 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Distributions, redemptions, and maturities of other long-term investments | |||||||||||||||||||||
43,800 | 60,600 | 66,700 | 74,600 | 63,900 | 45,800 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Distributions, redemptions, and maturities of other long-term investments | 43,800 | 60,600 | 66,700 | 74,600 | 63,900 | 45,800 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Return of principal on loan participations | |||||||||||||||||||||
- | - | - | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Return of principal on loan participations | - | - | - | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Contributions to other long-term investments | |||||||||||||||||||||
37,400 | 38,100 | 46,000 | 53,400 | 75,300 | 106,600 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Contributions to other long-term investments | 37,400 | 38,100 | 46,000 | 53,400 | 75,300 | 106,600 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Purchases of common equity securities | |||||||||||||||||||||
815,300 | 684,500 | 550,700 | 336,900 | 288,200 | 314,200 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Purchases of common equity securities | 815,300 | 684,500 | 550,700 | 336,900 | 288,200 | 314,200 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Purchases of fixed maturities and convertible fixed maturity investments | |||||||||||||||||||||
1,092,500 | 1,128,900 | 882,800 | 726,700 | 762,800 | 839,000 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Purchases of fixed maturities and convertible fixed maturity investments | 1,092,500 | 1,128,900 | 882,800 | 726,700 | 762,800 | 839,000 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Net change in unsettled investment purchases and sales | |||||||||||||||||||||
-10,900 | -24,700 | 9,900 | -2,600 | 3,900 | -5,500 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Net change in unsettled investment purchases and sales | -10,900 | -24,700 | 9,900 | -2,600 | 3,900 | -5,500 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Other, net | |||||||||||||||||||||
4,000 | 2,900 | 1,400 | 700 | 700 | 2,600 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Other, net | 4,000 | 2,900 | 1,400 | 700 | 700 | 2,600 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Net cash (used for) investing activities | |||||||||||||||||||||
-85,500 | -78,300 | -156,300 | -77,700 | -32,700 | -76,000 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Net cash (used for) investing activities | -85,500 | -78,300 | -156,300 | -77,700 | -32,700 | -76,000 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Cash flows from financing activities: | |||||||||||||||||||||
Change in collateral held on Interest Rate Cap | |||||||||||||||||||||
- | - | - | -100 | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Change in collateral held on Interest Rate Cap | - | - | - | -100 | - | - | 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 | |||||||||||||||||||||
-37,300 | -13,400 | -7,900 | -8,000 | -8,100 | -8,100 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Net cash (used for) financing activities | -37,300 | -13,400 | -7,900 | -8,000 | -8,100 | -8,100 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Effect of exchange rate changes on cash | |||||||||||||||||||||
9,800 | -1,100 | -9,400 | -5,700 | -9,500 | -3,400 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Effect of exchange rate changes on cash | 9,800 | -1,100 | -9,400 | -5,700 | -9,500 | -3,400 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Net increase (decrease) in cash during period | |||||||||||||||||||||
24,400 | 74,400 | 26,800 | 18,400 | 38,300 | 500 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Net increase (decrease) in cash during period | 24,400 | 74,400 | 26,800 | 18,400 | 38,300 | 500 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||