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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
OPERATING ACTIVITIES    
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest $ (61,942) $ (21,434)
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation and amortization 7,875 8,984
Bond amortization and accretion 4,686 3,884
Net realized gains (losses) (24,959) (186)
Unrealized Gain (Loss) on Investments 17,456 (15,519)
Provision for uncollectable premiums/over and short (132) 186
Reinsurance Recoverable, Allowance for Credit Loss (368) 0
Financing Receivable, Allowance for Credit Loss, Period Increase (Decrease) (51) 0
Reinsurance Recoverable, Credit Loss Expense (Reversal) 112  
Deferred income taxes, net (1,172) (4,584)
Stock based compensation 988 2,292
Changes in operating assets and liabilities:    
Accrued investment income 210 (20)
Premiums receivable (12,113) 9,265
Reinsurance recoverable on paid and unpaid losses (230,050) (22,374)
Ceded unearned premiums (132,770) (149,665)
Deferred policy acquisition costs, net (14,517) (9,576)
Other assets (30,065) (8,031)
Unpaid losses and loss adjustment expenses 321,769 162,944
Unearned premiums 97,904 98,984
Reinsurance payable 181,580 146,722
Payments outstanding 10,950 227
Accounts Payable 11,065 8,153
Change in Operating Lease Liability 1,918 356
Other liabilities 16,330 17,513
Net cash provided by operating activities 164,592 228,121
INVESTING ACTIVITIES    
Proceeds from sales and maturities of fixed maturities 147,551 168,342
Proceeds from Sale of Available-for-sale Securities, Equity 114,575 1,978
Proceeds from Sale and Maturity of Other Investments 2,928 5,461
Payments to Acquire Fixed Maturities, Available-for-sale (265,685) (200,208)
Purchases of Equity securities (26,497) (11,011)
Payments to Acquire Other Investments (32,465) (6,395)
Cost of property, equipment and capitalized software acquired (9,463) (16,437)
Property, Plant and Equipment, Disposals 2,914 0
Net cash provided by (used in) investing activities (66,142) (58,270)
FINANCING ACTIVITIES    
Repayments of borrowings (1,143) (849)
Payments of Dividends (7,730) (7,710)
Restricted Stock, Value, Shares Issued Net of Tax Withholdings (86) 0
Net Cash Provided by (Used in) Financing Activities (8,959) (8,559)
Cash, Cash Equivalents, Restricted Cash at beginning of period 287,057 184,120
Cash, Cash Equivalents, Restricted Cash at end of period 376,548 345,412
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Excluding Exchange Rate Effect 89,491 161,292
Supplemental Cash Flows Information    
Interest Paid 4,828 4,930
Income taxes paid $ 1,015 $ 284