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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Cash Flows From Operating Activities    
Net income (loss) $ (4,636) $ (4,725)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Depreciation and amortization 109 42
Amortization of bond premium and discount, net 120 127
Net realized investment (gains) losses (2,924) (928)
Change in fair value of equity securities 540 3,086
Stock based compensation expenses 66 239
Equity earnings in Affiliate, net of tax (248) (50)
(Increase) decrease in:    
Premiums and agents' balances and other receivables 827 1,676
Reinsurance recoverables (6,126) 1,966
Prepaid reinsurance premiums (2,337) 253
Deferred policy acquisition costs (216) 398
Other assets 197 (756)
Increase (decrease) in:    
Unpaid losses and loss adjustment expenses 9,406 2,411
Unearned premiums 2,126 (969)
Reinsurance premiums payable 0 833
Accounts payable and other liabilities (397) 412
Net cash provided by (used in) operating activities (3,493) 4,015
Cash Flows From Investing Activities    
Purchase of investments (61,370) (105,045)
Proceeds from maturities and redemptions of investments 5,416 6,216
Proceeds from sales of investments 57,703 94,742
Purchases of property and equipment (20) (46)
Net cash provided by (used in) investing activities 1,729 (4,133)
Cash Flows From Financing Activities    
Repurchase of common stock 0 (2)
Repurchase of senior unsecured notes 0 (244)
Borrowings under debt arrangements 3,000 1,000
Repayment of borrowings under debt arrangements (5,000) 0
Net cash provided by (used in) financing activities (2,000) 754
Net increase (decrease) in cash (3,764) 636
Cash at beginning of period 8,193 7,464
Cash at end of period 4,429 8,100
Supplemental Disclosure of Cash Flow Information:    
Interest paid $ 722 $ 643