| Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 |
|---|---|---|---|---|---|---|---|---|---|
Cash flows provided by (used in) operating activities: | |||||||||
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | |||||||||
-490 | 570 | 1,313 | 268 | 1,136 | 730 | -403 | 643 | 74 | -2,553 |
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: | |||||||||
Marketable Securities, Gain (Loss) | |||||||||
221 | 372 | 202 | 107 | 87 | 14 | -188 | -270 | -921 | -962 |
Derivative, Gain (Loss) on Derivative, Net | |||||||||
-41 | 2 | 53 | 29 | 7 | 5 | -10 | -33 | -33 | -73 |
Amortization of premiums (discounts) on fixed maturities | |||||||||
-160 | -193 | -194 | -153 | -166 | -169 | -120 | -60 | 8 | 47 |
(Income) loss from investment and operating affiliates | |||||||||
122 | 67 | 46 | 129 | 229 | 112 | 103 | 172 | 139 | -1,735 |
Loss (gain) sale of subsidiaries | |||||||||
0 | 7 | 0 | -666 | 0 | 0 | - | - | - | - |
Gain on sale of operating affiliate | |||||||||
0 | 0 | 340 | 0 | 0 | - | - | - | - | - |
Impairment of goodwill | |||||||||
- | - | - | - | - | - | 429 | 0 | 0 | 989 |
Share-based compensation | |||||||||
64 | 81 | 74 | 81 | 46 | 47 | 41 | 44 | 32 | 57 |
Depreciation and amortization | |||||||||
97 | 118 | 92 | 56 | 56 | 57 | 49 | 40 | 56 | 41 |
Accretion of convertible debt | |||||||||
- | - | - | - | - | - | - | - | - | 1 |
Accretion of deposit liabilities | |||||||||
29 | 43 | 43 | 11 | 47 | 81 | 82 | 104 | 88 | 146 |
Changes in: | |||||||||
Unpaid losses and loss expenses | |||||||||
2,881 | 1,073 | -211 | -427 | -88 | 287 | -243 | 207 | 1,120 | 849 |
Cash paid to Syncora | |||||||||
- | - | - | - | - | - | - | - | - | 1,775 |
Future policy benefit reserves | |||||||||
-235 | -162 | -278 | -229 | -164 | -187 | -171 | -197 | -340 | 30 |
Funds withheld on GreyCastle life retrocession arrangements, net | |||||||||
-281 | -223 | -210 | -218 | 0 | 0 | - | - | - | - |
Unearned premiums | |||||||||
733 | 436 | -528 | 253 | 65 | 182 | 95 | -133 | -675 | -266 |
Premiums receivable | |||||||||
1,200 | 1,084 | -156 | -15 | 27 | 127 | 31 | -94 | -634 | -111 |
Unpaid losses and loss expenses recoverable | |||||||||
-1,575 | -360 | -439 | -44 | -36 | 305 | -2 | 74 | -443 | -644 |
Ceded unearned premiums | |||||||||
430 | -70 | -237 | 191 | 196 | -14 | -21 | -83 | -204 | -33 |
Reinsurance balances receivable | |||||||||
-327 | -174 | 2 | -17 | -60 | 162 | -49 | -201 | -191 | -239 |
Deferred acquisition costs and value of business acquired | |||||||||
118 | 62 | -126 | -303 | -8 | 0 | 41 | -12 | -64 | 29 |
Reinsurance balances payable | |||||||||
1,120 | 398 | 229 | 160 | 161 | 48 | -31 | -253 | -368 | -13 |
Deferred tax asset - net | |||||||||
59 | 41 | 47 | 33 | 29 | 28 | 43 | -104 | 3 | -129 |
Derivatives | |||||||||
18 | -119 | -185 | -42 | 22 | -7 | -93 | -123 | 202 | -293 |
Other assets | |||||||||
54 | 26 | -17 | -33 | 26 | -20 | 24 | 68 | -70 | 53 |
Other liabilities | |||||||||
-236 | -49 | 152 | -147 | 60 | 50 | -93 | -32 | -132 | -210 |
Other | |||||||||
-72 | 65 | -26 | -5 | -9 | 58 | 51 | 82 | -133 | -119 |
Total adjustments | |||||||||
523 | 373 | -668 | 694 | -356 | 325 | 731 | -48 | -117 | 2,126 |
Net Cash Provided by (Used in) Operating Activities, Continuing Operations | |||||||||
33 | 943 | 644 | 963 | 779 | 1,056 | 327 | 594 | -42 | -427 |
Cash flows provided by (used in) investing activities: | |||||||||
Proceeds from sale of fixed maturities and short-term investments | |||||||||
15,702 | 12,757 | 16,868 | 4,896 | 4,341 | 3,604 | 5,091 | 5,206 | 12,049 | 13,692 |
Proceeds from redemption of fixed maturities and short-term investments | |||||||||
3,470 | 3,847 | 3,751 | 3,601 | 4,008 | 4,579 | 3,595 | 2,851 | 4,594 | 3,065 |
Proceeds from sale of equity securities | |||||||||
757 | 848 | 664 | 571 | 245 | 221 | 205 | 115 | 394 | 866 |
Purchases of fixed maturities and short term investments | |||||||||
19,281 | 15,457 | 19,718 | 7,158 | 9,143 | 8,902 | 7,529 | 8,098 | 17,481 | 13,620 |
Purchases of equity securities | |||||||||
326 | 1,103 | 567 | 445 | 534 | 362 | 631 | 157 | 19 | 659 |
Proceeds from sale of affiliates | |||||||||
593 | 397 | 748 | 240 | 190 | 133 | 315 | - | - | - |
Purchases of affiliates | |||||||||
176 | 681 | 280 | 371 | 353 | 138 | 179 | - | - | - |
Purchase of subsidiaries, net of acquired cash | |||||||||
0 | 92 | 1,020 | 0 | 0 | - | - | - | - | - |
Proceeds from sale of subsidiary | |||||||||
0 | 22 | 0 | 570 | 0 | 0 | - | - | - | - |
Proceeds from sale of affiliates | |||||||||
- | - | - | - | 0 | - | - | - | - | - |
Change in restricted cash | |||||||||
3 | -1 | 154 | 0 | 0 | - | - | - | - | - |
Investment affiliates, net | |||||||||
- | - | - | - | - | - | - | 319 | 770 | 384 |
(Acquisition) disposition of subsidiaries, net of cash acquired | |||||||||
- | - | - | - | - | - | - | - | 41 | - |
Other, net | |||||||||
72 | -197 | 155 | 193 | -47 | 79 | 36 | -24 | 134 | -80 |
Net Cash Provided by (Used in) Investing Activities, Continuing Operations | |||||||||
662 | 737 | 136 | 1,711 | -1,197 | -942 | 832 | 261 | 214 | 3,809 |
Cash flows provided by (used in) financing activities: | |||||||||
Proceeds from issuance of ordinary shares and exercise of stock options | |||||||||
50 | 9 | 9 | 6 | 12 | 5 | 576 | 1 | 745 | - |
Proceeds from issuance of Series D preference ordinary shares | |||||||||
- | - | - | - | - | - | 349 | 0 | 0 | - |
Buybacks of common shares | |||||||||
571 | 1,051 | 468 | 801 | 675 | 402 | 667 | 522 | 0 | - |
Repurchase of preference shares | |||||||||
411 | 0 | 0 | - | - | - | 71 | 94 | 104 | - |
Employee withholding on share-based compensation | |||||||||
24 | 28 | 28 | - | - | - | - | - | - | - |
Dividends paid on common shares | |||||||||
228 | 222 | 208 | 169 | 160 | 134 | 138 | 133 | 136 | - |
Dividends paid on preference ordinary shares | |||||||||
- | - | - | - | - | - | - | 40 | 88 | -65 |
Distributions to non-controlling interests | |||||||||
124 | 130 | 117 | 78 | 77 | 78 | 71 | 37 | 0 | - |
Contributions from non-controlling interests | |||||||||
59 | 47 | 23 | 48 | 7 | 1 | 0 | 0 | - | - |
Proceeds from the issuance of debt | |||||||||
558 | 0 | 980 | 0 | 592 | 0 | 395 | 0 | 0 | 557 |
Repayment of debt | |||||||||
17 | 8 | 87 | 600 | 0 | 600 | 575 | 0 | 745 | -255 |
Deposit liabilities | |||||||||
34 | 69 | 84 | 268 | 94 | 134 | 152 | 646 | 389 | -5,628 |
Net Cash Provided by (Used in) Financing Activities, Continuing Operations | |||||||||
-743 | -1,453 | 17 | -1,863 | -394 | -1,344 | -358 | -1,473 | -962 | -2,829 |
Collateral received on securities lending | |||||||||
- | - | - | - | - | - | - | - | 108 | 3,088 |
Collateral returned on securities lending | |||||||||
- | - | - | - | - | - | - | - | 351 | -2,992 |
Effects of exchange rate changes on foreign currency cash | |||||||||
56 | -57 | -64 | -90 | -4 | 24 | 1 | -3 | 80 | -78 |
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | |||||||||
8 | 170 | 734 | 720 | -817 | -1,206 | 802 | -620 | -710 | 473 |
Supplemental cash flow disclosures: | |||||||||
Net taxes paid | |||||||||
30 | 81 | 96 | 20 | 96 | 34 | 106 | 75 | 134 | 154 |
Interest paid on notes payable and debt | |||||||||
137 | 138 | 115 | 121 | 97 | 116 | 149 | 162 | 172 | 181 |
Life Funds Withheld Assets | |||||||||
Derivative, Gain (Loss) on Derivative, Net | |||||||||
-206 | - | - | - | - | - | - | - | - | - |