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FY2025
12 months to Dec 31, 2025
|
FY2024
12 months to Dec 31, 2024
|
FY2023
12 months to Dec 31, 2023
|
FY2022
12 months to Dec 31, 2022
|
FY2021
12 months to Dec 31, 2021
|
|
|---|---|---|---|---|---|
| Cash flows from operating activities | |||||
| Net income | |||||
| Adjustments to reconcile net income or loss to net cash provided by operating activities: | |||||
| Income from investments in related party investment fund | |||||
| Net realized and unrealized losses (gains) on investments | |||||
| Foreign exchange (gains) losses | |||||
| Current expected credit losses recognized on reinsurance assets | |||||
| Share-based compensation expense | |||||
| Depreciation expense | |||||
| Accretion of debt offering costs, net of change in interest accruals | |||||
| Net realized gain on repurchases of convertible senior notes payable | |||||
| Net realized and unrealized losses (gains) on derivatives | |||||
| Net change in: | |||||
| Reinsurance balances receivable | |||||
| Reinsurance recoverable on unpaid loss and loss adjustment expenses | |||||
| Deferred acquisition costs | |||||
| Unearned premiums ceded | |||||
| Loss and loss adjustment expense reserves | |||||
| Unearned premium reserves | |||||
| Reinsurance balances payable | |||||
| Funds withheld | |||||
| Other items, net | |||||
| Net cash provided by operating activities | |||||
| Cash flows from investing activities | |||||
| Proceeds from redemptions of investment in Solasglas | |||||
| Contributions to investment in Solasglas | |||||
| Purchases of fixed maturity investments | |||||
| Change in notes receivable | |||||
| Sale of fixed maturity investments | |||||
| Purchases of other investments | |||||
| Proceeds from sale of other investments | |||||
| Purchases of other assets | |||||
| Net cash used in investing activities | |||||
| Cash flows from financing activities | |||||
| Repurchase of ordinary shares | |||||
| Repayment of debt | |||||
| Proceeds from lines of credit | |||||
| Repayment of convertible senior notes payable | |||||
| Repurchase of convertible senior notes payable | |||||
| Net cash used in financing activities | |||||
| Effect of foreign exchange rate changes on cash, cash equivalents and restricted cash | |||||
| Decrease in cash, cash equivalents and restricted cash | |||||
| Cash, cash equivalents and restricted cash at beginning of the period | |||||
| Cash, cash equivalents and restricted cash at end of the period | |||||
| Supplementary information: | |||||
| Interest paid in cash | |||||
| Income tax paid (refund received) in cash (see Note 15) | |||||
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