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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
OPERATING ACTIVITIES    
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest $ (12,516) $ 9,578
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation and amortization 2,510 2,320
Bond amortization and accretion 1,564 1,186
Net realized gains (losses) 68 (181)
Unrealized Gain (Loss) on Investments 26,456 (10,173)
Provision for uncollectable premiums/over and short 10 (58)
Deferred income taxes, net (3,461) (958)
Stock based compensation 700 901
Changes in operating assets and liabilities:    
Accrued investment income 423 352
Premiums receivable (3,854) 2,946
Reinsurance recoverable on paid and unpaid losses 35,395 (28,462)
Ceded unearned premiums 90,521 84,581
Deferred policy acquisition costs, net (310) (3,907)
Other assets (6,999) (2,902)
Unpaid losses and loss adjustment expenses (49,315) (31,235)
Unearned premiums (9,436) 6,746
Reinsurance payable (53,741) (59,153)
Payments outstanding (12,526) 9,107
Accounts Payable (8,086) (6,899)
Change in Operating Lease Liability 2,097 438
Other liabilities 17,998 23,309
Net cash provided by operating activities 17,498 (2,464)
INVESTING ACTIVITIES    
Proceeds from sales and maturities of fixed maturities 63,743 45,586
Proceeds from Sale of Available-for-sale Securities, Equity 1,233 511
Proceeds from Sale and Maturity of Other Investments 212 2,256
Payments to Acquire Fixed Maturities, Available-for-sale 58,266 23,359
Purchases of Equity securities (21,116) (862)
Payments to Acquire Other Investments 1,481 5,361
Cost of property, equipment and capitalized software acquired (3,515) (3,297)
Net cash provided by (used in) investing activities (19,190) 15,474
FINANCING ACTIVITIES    
Repayments of borrowings (381) (382)
Payments of Dividends (2,571) (2,569)
Net Cash Provided by (Used in) Financing Activities (2,952) (2,951)
Cash, Cash Equivalents, Restricted Cash Increase (decrease) (4,644) 10,059
Cash, Cash Equivalents, Restricted Cash at beginning of period 287,057 184,120
Cash, Cash Equivalents, Restricted Cash at end of period 282,413 194,179
Supplemental Cash Flows Information    
Interest Paid 70 105
Income taxes paid $ 0 $ 0