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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
OPERATING ACTIVITIES    
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest $ 6,781 $ 23,069
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation and amortization 4,649 12,931
Bond amortization and accretion 2,467 2,639
Net realized gains (losses) (168) 227
Unrealized Gain (Loss) on Investments (12,910) 1,063
Provision for uncollectable premiums/over and short 62 (61)
Deferred income taxes, net 3,785 1,624
Stock based compensation 1,578 1,048
Changes in operating assets and liabilities:    
Accrued investment income (163) (604)
Premiums receivable (31,076) (41,558)
Reinsurance recoverable on paid and unpaid losses 117,203 26,123
Ceded unearned premiums (242,262) (193,915)
Deferred policy acquisition costs, net (19,080) (5,719)
Other assets (2,690) (882)
Unpaid losses and loss adjustment expenses (83,854) (49,801)
Unearned premiums 126,483 95,688
Reinsurance payable 287,571 225,382
Payments outstanding 6 1,657
Accounts Payable (9,523) 9,475
Change in Operating Lease Liability 397 0
Other liabilities 17,878 (29,799)
Net cash provided by operating activities 167,134 78,587
INVESTING ACTIVITIES    
Proceeds from sales and maturities of fixed maturities 132,029 93,837
Proceeds from Sale of Equity securities 1,690 1,691
Proceeds from Sale and Maturity of Other Investments 2,675 588
Proceeds from Collection of Policy Loans   20,000
Payments to Acquire Fixed Maturities, Available-for-sale 112,031 198,099
Purchases of Equity securities (6,514) (22,295)
Payments to Acquire Other Investments 5,966 415
Cost of property, equipment and capitalized software acquired (6,231) (2,014)
Net cash provided by (used in) investing activities 5,652 (106,707)
FINANCING ACTIVITIES    
Payments of Debt Issuance Costs 0 (62)
Repayments of borrowings (762) (762)
Payments of Dividends (5,139) (5,130)
Proceeds from (Repayments of) Bank Overdrafts 12,144 0
Net Cash Provided by (Used in) Financing Activities 6,243 (5,954)
Cash, Cash Equivalents, Restricted Cash Increase (decrease) 179,029 (34,074)
Cash, Cash Equivalents, Restricted Cash at beginning of period 184,120 276,275
Cash, Cash Equivalents, Restricted Cash at end of period 363,149 242,201
Supplemental Cash Flows Information    
Interest paid 4,888 4,948
Income taxes paid $ 164 $ 4,565