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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
OPERATING ACTIVITIES      
Net Income (Loss) $ 106,837,000 $ 75,718,000 $ 309,911,000
Adjustments to reconcile net income to net cash provided by (used in) operating activities:      
Depreciation and amortization 6,569,000 8,869,000 10,626,000
Bond amortization and accretion 848,000 744,000 1,006,000
Net realized losses on investments 412,000 190,000 5,466,000
Net unrealized gains on equity securities (4,999,000) (1,996,000) (2,884,000)
Provision for uncollectable premiums (26,000) 24,000 (19,000)
Provision for uncollectable reinsurance recoverables (45,000) 22,000 236,000
Deferred income taxes, net 10,284,000 (2,364,000) 14,436,000
Stock based compensation 4,299,000 2,545,000 1,318,000
Gain on sale of property and equipment 0 0 (588,000)
Fixed asset and intangible asset disposals 1,369,000 141,000 1,147,000
Loss on sale of subsidiary 328,000 0 0
Gain on disposition of former subsidiary 0 (1,007,000) (238,440,000)
Changes in operating assets and liabilities:      
Accrued investment income (172,000) (1,177,000) 83,000
Premiums receivable (25,425,000) (920,000) 16,048,000
Reinsurance recoverable on paid and unpaid losses 135,253,000 77,402,000 741,141,000
Ceded unearned premiums 53,267,000 (5,821,000) (21,381,000)
Deferred policy acquisition costs, net 1,653,000 (18,889,000) 33,981,000
Other assets 1,563,000 21,526,000 (55,589,000)
Unpaid losses and loss adjustment expenses (156,494,000) (26,635,000) (656,286,000)
Unearned premiums (32,402,000) 12,535,000 (154,108,000)
Reinsurance payable on premiums (20,256,000) 86,780,000 (46,967,000)
Accounts payable and accrued expenses (10,890,000) 11,914,000 2,142,000
Operating lease liability (192,000) 2,616,000 (913,000)
Other liabilities (756,000) 1,292,000 (96,369,000)
Net cash provided by (used in) operating activities 71,025,000 243,509,000 (136,003,000)
INVESTING ACTIVITIES      
Proceeds from sales, maturities and repayments of fixed maturities 117,666,000 19,601,000 239,995,000
Proceeds from sales, maturities and repayments of equity securities 9,998,000 0 40,436,000
Proceeds from sales, maturities and repayments of other investments 36,160,000 16,147,000 2,418,000
Purchases of fixed maturities (86,995,000) (156,316,000) (37,780,000)
Purchases of equity securities (29,028,000) (34,992,000) (79,000)
Purchases of other investments (51,521,000) (23,629,000) (15,385,000)
Proceeds from sale of property, equipment, and cap software 0 0 629,000
Cost of property, equipment and capitalized software acquired (155,000) (22,000) (196,000)
Disposition of cash on divestiture of subsidiary 0 0 (232,582,000)
Net proceeds from sale of former subsidiary 4,495,000 0 0
Net cash provided by (used in) investing activities 620,000 (179,211,000) (2,544,000)
FINANCING ACTIVITIES      
Tax withholding payment related to net settlement of equity awards (1,855,000) (1,359,000) (24,000)
Dividends 0 (24,102,000) 0
Proceeds from issuance of common stock, including exercise of stock options 774,000 11,621,000 26,793,000
Net cash provided by (used in) financing activities (1,081,000) (13,840,000) 26,769,000
Increase (decrease) in cash, cash equivalents and restricted cash, including cash classified as assets held for sale 70,564,000 50,458,000 (111,778,000)
Cash, cash equivalents and restricted cash at beginning of period 199,393,000    
Cash, cash equivalents and restricted at end of period 292,854,000 199,393,000  
Supplemental Cash Flows Information      
Interest Paid 10,875,000 12,808,000 10,875,000
Federal      
Supplemental Cash Flows Information      
Federal income taxes refunded 0 (7,201,000) (12,127,000)
State and Local Jurisdiction | Florida      
Supplemental Cash Flows Information      
State income taxes paid (refunded) (987,000) 575,000 746,000
State and Local Jurisdiction | Louisiana      
Supplemental Cash Flows Information      
State income taxes paid (refunded) (35,000) (91,000) 270,000
All other state      
Supplemental Cash Flows Information      
State income taxes paid (refunded) (62,000) (67,000) 542,000
Continuing Operations      
FINANCING ACTIVITIES      
Cash, cash equivalents and restricted cash at beginning of period 222,290,000 171,832,000 283,610,000
Cash, cash equivalents and restricted at end of period $ 292,854,000 $ 222,290,000 $ 171,832,000