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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
OPERATING ACTIVITIES    
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest $ 9,578 $ 8,369
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation and amortization 2,320 10,658
Bond amortization and accretion 1,186 1,396
Net realized gains (losses) (181) (211)
Unrealized Gain (Loss) on Investments (10,173) 2,444
Provision for uncollectable premiums/over and short (58) (199)
Deferred income taxes, net (958) (4,031)
Stock based compensation 901 487
Changes in operating assets and liabilities:    
Accrued investment income 352 89
Premiums receivable 2,946 (3,822)
Reinsurance recoverable on paid and unpaid losses (28,462) (100,845)
Prepaid reinsurance premiums 84,581 74,016
Deferred policy acquisition costs, net (3,907) (4,211)
Other assets (2,902) (2,718)
Unpaid losses and loss adjustment expenses (31,235) 62,017
Unearned premiums 6,746 667
Reinsurance payable (59,153) (63,038)
Payments outstanding 50 280
Accounts Payable (6,899) 4,810
Change in Operating Lease Liability 438 0
Operating Lease, Liability 438  
Other liabilities 23,309 (1,926)
Net cash provided by operating activities (11,521) (15,768)
INVESTING ACTIVITIES    
Proceeds from sales and maturities of investments available for sale 45,586 41,259
Proceeds from Sale of Debt Securities, Available-for-sale 511 1,408
Proceeds from Sale and Maturity of Other Investments 2,256 477
Payments to Acquire Debt Securities, Available-for-sale 23,359 78,536
Purchases of investments available for sale (862) (17,262)
Payments to Acquire Other Investments 5,361 184
Cost of property, equipment and capitalized software acquired (3,297) (1,010)
Net cash provided by (used in) investing activities 15,474 (53,848)
FINANCING ACTIVITIES    
Repayments of borrowings (382) (444)
Payments of Dividends (2,569) (2,565)
Proceeds from (Repayments of) Bank Overdrafts 9,057 13,053
Net Cash Provided by (Used in) Financing Activities 6,106 10,044
Cash, Cash Equivalents, Restricted Cash Increase (decrease) 10,059 (59,572)
Cash, Cash Equivalents, Restricted Cash at beginning of period 184,120 276,275
Cash, Cash Equivalents, Restricted Cash at end of period 194,179 216,703
Supplemental Cash Flows Information    
Interest paid 105 99
Income taxes paid $ 0 $ 1,551