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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Cash flows from operating activities:    
Net income $ 9,483 $ 14,291
Adjustments to reconcile net income to net cash provided by operating activities:    
Stock-based compensation 3,860 2,948
Net (accretion of discounts) amortization of premiums on investments in fixed-maturity securities (60) 127
Depreciation and amortization 4,359 4,702
Deferred income tax expense 1,527 592
Net realized investment losses 809 505
Net unrealized investment losses (gains) 1,921 (6,619)
Credit loss expense 177  
Loss from unconsolidated joint venture 28 54
Net loss (income) from limited partnership interests 2,747 (832)
Distributions received from limited partnership interests 578 3,616
Loss on repurchases of convertible senior notes 150 0
Foreign currency remeasurement loss (gain) 84 (5)
Other non-cash items 31 271
Changes in operating assets and liabilities:    
Accrued interest and dividends receivable 703 110
Income taxes (2,110) (540)
Premiums receivable (7,670) (9,731)
Prepaid reinsurance premiums (9,167) (11,611)
Reinsurance recoverable 32,248 45,831
Deferred policy acquisition costs (7,527) (4,344)
Other assets 5,235 (1,393)
Losses and loss adjustment expenses (3,535) (53,344)
Unearned premiums 48,071 35,697
Advance premiums 13,619 7,460
Assumed reinsurance balances payable 3 (14)
Accrued expenses and other liabilities 14,424 1,063
Net cash provided by operating activities 109,988 28,834
Cash flows from investing activities:    
Investments in limited partnership interests (1,470) (1,751)
Distributions received from limited partnership interests 314 470
Purchase of property and equipment (5,349) (1,313)
Purchase of real estate investments (2,522) (9,892)
Purchase of fixed-maturity securities (28,281) (75,727)
Purchase of equity securities (20,392) (15,778)
Purchase of short-term and other investments   (684)
Proceeds from sales of fixed-maturity securities 78,186 2,985
Proceeds from calls, repayments and maturities of fixed-maturity securities 52,594 47,788
Proceeds from sales of equity securities 12,455 32,841
Proceeds from sales, redemptions and maturities of short-term and other investments 460 66,897
Net cash provided by investing activities 85,995 45,836
Cash flows from financing activities:    
Cash dividends paid (6,315) (6,581)
Cash dividends received under share repurchase forward contract 153 153
Proceeds from revolving credit facility 14,000 9,500
Proceeds from exercise of common stock options 63 63
Proceeds from issuance of long-term debt 10,000  
Repayment of long-term debt (9,496) (90,647)
Repurchases of convertible senior notes (4,459)  
Repurchases of common stock (1,326) (1,023)
Repurchases of common stock under share repurchase plan (5,141) (8,006)
Debt issuance costs (165) (459)
Net cash used in financing activities (2,686) (97,000)
Effect of exchange rate changes on cash (51) 25
Net increase (decrease) in cash, cash equivalents, and restricted cash 193,246 (22,305)
Cash, cash equivalents, and restricted cash at beginning of period 229,918 240,158
Cash, cash equivalents, and restricted cash at end of period 423,164 217,853
Supplemental disclosure of cash flow information:    
Cash paid for income taxes 3,902 5,254
Cash paid for interest 3,737 5,453
Non-cash investing and financing activities:    
Unrealized (loss) gain on investments in available-for-sale securities, net of tax (782) 3,208
Receivable from sales of equity securities 232  
Receivable from maturities of fixed-maturity securities   $ 2,000
Payable on purchases of equity securities $ 203