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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Operating activities      
Net income $ 18,219 $ 3,783 $ 6,614
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation expense 212 160 88
Amortization of debt issuance costs 443 114 89
Loss on asset disposal   1 18
Amortization of premium on fixed maturity securities 481 966 973
Deferred income tax expense (benefit)   1,134 (337)
Changes in operating assets and liabilities:      
Accrued investment income 54 (137) (61)
Premium receivable (3,546) (3,845) (2,757)
Deferred policy acquisition costs 1,109 (4,507) (3,850)
Reinsurance recoverables 70 (13,089) (1,304)
Prepaid reinsurance premium (15,109) (1,527) (613)
Prepaid expenses and other assets (4,603) (1) (371)
Accounts payable and other accrued liabilities 2,748 2,238 1,772
Reserve for losses and loss adjustment expenses (1,723) 13,006 3,010
Unearned premiums 17,154 19,266 12,942
Ceded premiums payable 5,538 3,487 (375)
Funds held under reinsurance treaty (797) (204) 486
Income taxes payable (11) 11  
Net cash provided by operating activities 22,808 20,248 15,825
Investing activities      
Purchases of property and equipment (332) (68) (898)
Proceeds from sale of property and equipment     4
Purchases of fixed maturity securities (102,745) (43,485) (27,380)
Purchases of equity securities (33,712) (10,723) (12,718)
Sales and maturities of fixed maturity securities 81,215 28,628 18,984
Sales of equity securities 29,959 6,770 10,477
Securities receivable or payable, net 250 (250)  
Net cash used in investing activities (25,365) (19,128) (11,531)
Financing activities      
Repayment of surplus notes (17,500)    
Proceeds from issuance of Floating Rate Notes, net of issuance costs 19,049    
Net cash provided by financing activities 1,549    
Net increase (decrease) in cash, cash equivalents, and restricted cash (1,008) 1,120 4,294
Cash, cash equivalents and restricted cash at beginning of period 10,932 9,812 5,518
Cash, cash equivalents and restricted cash at end of period 9,924 10,932 9,812
Supplementary cash flow information:      
Cash paid for income taxes 11 9 3
Cash paid for interest $ 1,727 $ 1,632 $ 1,545