W. r. berkley corp (WRB)
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'10
CASH FROM OPERATING ACTIVITIES:
Net (loss) income to common stockholders

-4,418

119,306

165,207

216,709

180,722

132,357

161,920

180,076

166,396

154,589

162,054

109,004

123,447

152,789

220,650

108,966

119,511

109,745

152,607

123,035

118,307

110,711

188,539

179,961

169,673

130,379

136,974

115,957

116,615

165,489

100,947

108,838

135,318

117,027

74,615

1,795

197,774

123,969

93,619

110,207

118,610

Adjustments to reconcile net income to net cash from (used in) operating activities:
Net investment losses (gains)

-177,174

-22,988

1,465

73,573

68,653

14,059

22,334

69,631

48,464

59,098

183,959

40,453

52,348

77,611

175,736

6,315

7,343

-8,181

53,904

27,557

19,044

20,672

72,258

109,168

52,754

24,648

43,869

33,058

19,969

116,462

22,226

24,286

47,491

52,069

21,238

0

52,174

33,931

5,204

11,534

5,912

Depreciation and amortization

25,063

71,380

-9,282

23,865

27,424

54,567

20,169

27,345

29,027

34,819

33,458

26,546

18,133

16,898

22,280

16,628

30,245

19,755

23,117

23,064

19,203

25,421

12,583

25,596

25,236

23,041

29,432

29,707

20,910

38,330

17,942

24,935

22,212

30,680

24,153

0

33,179

18,804

21,595

21,940

20,528

Noncontrolling interests

892

487

-56

718

892

3,915

2,523

702

1,177

1,683

764

569

1,227

880

13

-61

737

133

129

14

137

240

252

216

11

5,009

1,214

-830

-17

10

61

66

-86

28

-39

0

-59

41

50

17

171

Investment funds

40,576

-8,090

19,033

46,840

11,411

15,274

41,005

12,716

40,354

17,426

16,363

8,895

26,649

38,914

25,295

18,456

16,636

11,390

22,926

21,851

6,061

-18,853

66,117

25,479

58,906

19,413

15,242

22,123

10,934

26,891

-13,119

35,619

27,624

-12,987

37,386

-51,368

25,218

-18,521

-53,076

25,382

-3,185

Stock incentive plans

11,683

10,834

11,100

12,512

14,828

8,063

8,806

10,288

9,434

8,607

9,375

11,728

10,780

10,141

9,157

9,110

8,766

8,071

9,079

6,802

8,171

6,519

7,934

7,428

6,187

5,621

5,768

7,406

4,989

5,693

5,243

8,380

7,447

7,448

6,701

0

13,026

7,050

7,990

6,988

5,379

Change in:
Arbitrage trading account

-2,455

6,131

5,625

7,044

7,753

4,298

6,924

8,368

-497

2,061

395

4,790

-2,350

5,856

2,474

2,686

-383

3,016

3,455

8,394

-7,692

52,598

-14,737

12,998

-42

10,075

1,839

2,895

-4,485

-931

820

-1,411

2,946

5,266

-112,755

111,276

4,319

6,567

-26,159

26,243

6,342

Investment in arbitrage funds

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,563

-25,520

664

Trading account receivables from brokers and clearing organizations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-55,831

61,730

65,137

Trading account securities sold but not yet purchased

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

17,040

-33,990

-61,059

Premiums and fees receivable

97,169

-17,716

-16,904

67,321

156,450

-63,534

-45,485

78,340

74,492

-44,668

-47,407

100,583

59,244

-31,969

-82,439

95,280

79,531

-38,599

-33,686

62,046

71,181

-21,145

-71,685

97,698

99,306

-23,633

-1,193

86,585

76,268

35,953

53,620

42,106

97,077

11,057

-36,733

0

148,144

19,608

-47,469

33,051

35,977

Reinsurance accounts

43,104

49,539

3,678

92,409

20,272

50,989

37,158

-23,239

100,379

24,223

77,304

32,220

-67,205

80,516

54,394

74,226

26,319

-30,342

1,677

14,335

46,260

46,412

-13,024

-49,526

49,583

2,400

101,416

33,408

34,039

126,381

44,405

29,325

16,857

23,878

78,131

-12,826

71,887

-29,734

3,329

82,745

-41,380

Accrued investment income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

7,772

3,557

974

Prepaid reinsurance premiums

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-6,083

9,717

-20,414

Deferred policy acquisition costs

26,139

-10,480

6,905

5,900

17,732

-15,254

-3,686

4,301

6,851

-25,860

-6,719

-3,890

6,126

-25,883

1,217

17,112

33,466

-10,356

5,971

12,931

21,314

-1,298

12,560

7,461

24,066

495

17,590

10,431

23,608

3,813

13,206

10,154

11,483

-3,094

8,783

2,597

30,255

-9,942

1,026

6,681

13,112

Income taxes

12,500

-23,579

19,208

33,421

-36,180

-25,184

60,876

89,574

-50,505

1,442

-27,175

93,221

-50,595

79,995

-80,738

38,511

-46,780

33,327

-31,658

-4,311

-44,618

-19,720

-3,350

62,328

-70,070

-81,677

-21,246

69,113

-22,471

-7,521

15,244

27,197

-48,160

-17,406

-4,095

-802

-21,037

-42,698

-5,460

25,707

-39,902

Reserves for losses and loss expenses

200,294

168,800

92,473

231,201

119,780

108,903

106,530

3,519

120,063

15,873

320,876

91,357

10,424

131,710

200,865

131,564

108,057

34,831

77,650

132,279

152,925

-654,159

104,783

320,963

-148,204

-30,736

-119,741

-136,956

-84,569

-190,770

-64,018

-104,532

-47,443

-75,365

-86,789

0

-163,604

111,116

-1,623

-39,349

33,601

Other assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

7,525

3,893

8,298

Unearned premiums

163,793

-35,309

82,654

118,826

135,184

-92,594

5,268

54,841

116,627

-117,423

-18,816

26,916

113,483

-119,604

-7,528

105,262

171,553

-55,835

24,426

56,705

117,403

-67,695

47,800

98,788

198,933

-40,194

93,423

95,702

174,229

-4,922

96,006

73,468

115,434

-26,182

61,166

0

203,515

-69,166

19,531

16,099

36,950

Due to reinsurers

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-11,215

14,087

-242

Other

-204,878

-1,402

89,312

46,993

-154,409

55,062

37,072

102,317

-243,221

98,740

-13,991

159,538

-177,805

111,460

44,694

72,667

-181,969

84,096

23,033

72,775

-243,584

85,391

6,411

40,521

-190,577

35,845

83,728

71,535

-148,321

121,873

-6,877

85,706

-98,688

39,453

64,401

-9,898

-83,687

53,939

42,211

51,680

-128,316

Net cash from operating activities

152,570

348,749

392,398

324,316

78,330

277,675

223,162

139,397

-20,035

189,025

297,000

149,386

75,472

121,866

394,192

191,550

140,768

260,969

287,452

271,871

61,012

160,061

320,163

111,459

143,164

193,103

312,763

198,820

115,112

222,109

140,938

238,649

73,762

185,036

268,851

0

216,392

60,599

204,047

129,511

57,159

CASH FROM INVESTING ACTIVITIES:
Proceeds from sale of fixed maturity securities

1,574,232

751,583

21,609

346,453

973,626

683,507

68,088

769,546

2,004,008

953,543

1,011,901

1,349,749

719,969

1,365,680

357,956

334,942

381,732

622,916

-28,342

327,830

466,276

86,489

33,689

184,910

328,371

453,350

335,663

92,306

463,388

288,700

178,974

75,768

295,134

164,499

421,779

0

707,598

290,409

247,983

596,242

420,272

Proceeds from sale of equity securities

5,311

39,254

1,606

1,341

37,762

48,601

165,184

131,255

152,949

58,208

47,722

37,486

51,854

19,855

108,629

12,678

1,880

-7,945

231

13,762

9,785

3,323

-2,662

106,133

6,457

45,158

155,427

28,721

38,248

176,371

162,965

37,699

32,575

47,067

11,923

0

100,837

58,646

14,382

61,853

3,109

Distributions from (contributions to) investment funds

99,194

-381,984

190,217

10,978

-13,874

83,140

1,491

-38,691

33,695

-512,775

215,777

60,884

-11,290

-148,231

-2,002

-8,156

15,788

-21,065

69,308

138,544

-9,363

-215,914

73,259

53,166

158,808

-178,768

2,188

-37,928

-22,072

84,223

-29,383

-1,654

24,744

34,624

-179,458

155,122

-124,201

-80,622

-10,592

28,867

8,368

Proceeds from maturities and prepayments of fixed maturity securities

1,055,722

655,716

787,492

803,977

686,795

718,731

651,919

1,207,894

97,911

696,066

1,972,255

0

888,423

0

997,817

736,085

455,463

271,704

1,192,653

879,633

655,349

718,587

673,031

667,383

546,838

473,491

683,429

893,525

667,711

631,354

736,790

514,314

408,647

506,393

416,624

0

774,127

451,925

293,555

316,087

312,811

Purchase of fixed maturity securities

2,598,076

1,499,778

1,219,857

1,104,984

1,528,267

1,490,252

1,124,600

1,977,218

2,085,683

1,410,491

3,365,574

1,397,684

1,767,208

1,260,745

2,041,774

1,206,554

1,032,129

1,067,575

1,219,248

1,073,961

1,094,439

1,193,688

1,064,468

902,397

1,131,612

999,931

984,003

1,317,823

896,378

1,106,680

851,904

785,830

872,588

696,784

698,699

0

1,419,857

811,075

602,871

636,728

704,775

Purchase of equity securities

35,260

106,673

24,456

6,535

35,314

-1,449

0

42,840

44,219

10,473

16,262

684

103

75,433

889

125,306

1,108

-8,228

29,211

-339

8,882

2,601

-19,878

29,210

19,274

-28,272

73,289

76,054

35,486

66,501

33,739

116,099

68,652

48,054

5,196

0

44,736

70,291

92,361

20,881

10,381

Real estate purchased

24,249

-29,786

58,765

64,872

52,901

59,654

35,389

82,420

336,601

77,033

49,160

61,136

48,710

91,294

93,395

60,653

53,781

71,719

66,114

40,664

44,162

-39,848

189,088

28,306

35,613

60,073

33,889

3,089

10,301

185,038

55,873

9,864

5,611

-251,050

229,709

0

117,893

-

-

-

-

Contributions to investment funds

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-15,524

41,785

18,890

Change in loans receivable

-2,877

-325

-3,016

-866

726

-1,141

-1,965

18,368

-2,058

5,439

-21,840

-7,587

-3,147

-7,199

-28,861

-6,530

-123,737

-13,170

26,862

-21,357

-41,244

-21,288

-312,391

282,503

29,568

-68,382

52,502

-6,551

53,405

18,055

44,835

-32,048

93,934

-20,373

-28,103

0

-43,700

-1,066

-16,090

-3,781

-2,380

Net purchases of property, furniture and equipment

14,637

-

-

-

3,299

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments to Acquire Property, Plant, and Equipment

-

-

-

-

-

14,278

5,878

15,602

14,102

41,451

-15,447

77,258

12,457

12,934

16,671

8,763

12,461

23,300

16,758

15,824

7,680

11,161

8,242

12,693

9,862

13,725

5,979

30,404

13,042

18,237

1,943

5,321

15,055

7,915

18,726

0

18,679

12,917

16,381

9,443

10,864

Change in balances due to security brokers

34,378

51,776

-35,524

-41,107

22,011

1,339

41,040

11,859

-58,500

44,350

64,485

-126,497

22,034

81,989

-51,063

17,724

-69,642

66,095

-25,131

-20,950

2,652

35,794

-40,098

23,244

-51,557

-11,399

31,387

49,492

-43,325

105,143

-40,644

-22,554

-16,146

138,641

-49,136

0

-73,311

56,426

-683

-67,600

12,154

Payment for business purchased, net of cash acquired

-

-

-

-

-

-

-

-

-

0

-776

0

71,346

-73

12,311

-13,100

54,313

156

7,156

0

0

-2

80,971

-15,645

97

18,322

-21,408

21,408

38,556

42,779

0

0

0

253,413

0

0

8,579

-

-

-

-

Other

-86

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash from investing activities

30,822

-232,921

-254,567

20,826

41,791

-187,781

-310,039

-84,940

-131,484

100,613

-209,763

45,441

-269,755

7,383

-372,500

-323,821

-105,550

-341,837

-106,368

271,966

5,476

-589,450

-177,473

92,607

-133,995

-169,359

-4,342

-515,095

143,432

-361,785

101,696

-236,385

-278,594

-120,801

-49,101

0

-34,372

-184,134

-133,988

365,593

-10,124

CASH USED IN FINANCING ACTIVITIES:
Net payments for stock options exercised

3,321

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Bank deposits received

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-1,066

-618

10,333

Repayments to federal home loan bank

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

800

0

7,500

Net proceeds from stock options exercised

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

51

0

-1,007

3,891

1,348

3,428

8,206

540

0

13,217

13,010

899

1,317

2,504

Repayment of senior notes and other debt

-

-

-

-

-

-4,547

0

0

23

-1,808

313

0

1,475

-146,054

32,140

4,706

33,721

-560,290

3,416

272,548

3,240

-5,529

1,829

-125

125

-928,989

-22,697

280,017

206,280

0

0

1,684

-1,684

-

-

0

624

2,475

-154,385

-3,203

-7,572

Net proceeds from issuance of debt

4,259

290,974

0

0

0

95,657

-1,933

19,046

181,792

6,983

0

0

0

1,921

-2,053

278,808

110,093

7,165

-1,858

3,749

0

-

-

-

-

-

-

-

-

-6,350

11,597

9,729

354,315

-

-

-

0

-

-

-

-

Cash dividends to common stockholders

20,069

178,156

111,733

18,302

0

158,820

18,258

60,857

17,016

94,828

77,613

15,758

0

153,345

-1

15,944

14,711

14,795

14,792

14,698

13,749

140,707

13,957

14,050

12,775

13,381

27,093

12,243

0

-

-

-

-

10,981

10,999

0

21,273

18,401

1,751

10,449

18,747

Purchase of common treasury shares

202,621

18,225

0

0

0

17,951

0

0

6,799

19,429

28,378

0

0

32,522

62,446

0

37,424

0

5,520

126,919

91,213

2,230

39,449

4,586

192,668

127,103

8,008

31,362

0

-

-

-

-

9,515

118,489

0

59,159

151,714

87,589

135,965

95,739

Other, net

-204

-641

-15,202

-4,572

-976

-13,502

-2,475

-1,219

-544

-2,208

-2,575

21

-1,281

-2,447

-450

-4,084

3,158

1,743

-3,254

1,096

-1,187

-576

-452

-312

1,677

101

68

-365

7,638

16,052

-3,701

9,054

10,446

-2,266

16,460

-22,279

22,635

-2,559

-4

-204

-28

Net cash used in financing activities

-221,956

86,001

-575,344

-22,874

-976

-99,117

-22,666

-43,030

157,410

-107,714

-108,879

-15,737

-2,756

-191,313

-97,088

254,074

27,395

-7,769

-28,840

-409,320

-109,389

-222,781

370,681

-13,782

-203,891

-144,720

-34,887

47,987

-198,642

-145,823

-85,917

-37,573

366,505

-16,175

-135,082

0

-43,956

-154,145

60,941

-149,122

-116,749

Net impact on cash due to change in foreign exchange rates

-20,134

9,331

-8,111

-1,522

681

7,459

17,707

-56,828

241

-5,450

7,285

871

10,147

-15,715

-250

-10,608

11,271

-27,666

-28,678

7,156

-16,845

-15,674

-13,757

8,812

-1,441

-5,612

33,953

-18,365

-20,080

1,605

20,627

-34,878

8,992

-2,448

-13,419

0

13,865

-1,566

9,735

-5,566

-4,669

Net change in cash and cash equivalents

-58,698

211,160

-445,624

320,746

119,826

-1,764

-91,836

-45,401

6,132

176,474

-14,357

179,961

-186,892

-77,779

-75,646

111,195

73,884

-116,303

123,566

141,673

-59,746

-667,844

499,614

199,096

-196,163

-126,588

307,487

-286,653

39,822

-283,894

177,344

-70,187

170,665

45,612

71,249

0

151,929

-279,246

140,735

340,416

-74,383