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Consolidated Statements of Cash Flows
$ in Thousands
9 Months Ended
Sep. 30, 2019
USD ($)
Operating activities  
Net cash provided by operating activities $ 35,659
Investing activities  
Purchases of property and equipment (72)
Purchases of fixed maturity securities (181,446)
Purchases of equity securities (58,735)
Sales and maturities of fixed maturity securities 87,541
Sales of equity securities 64,820
Securities receivable or payable, net (3,081)
Net cash used in investing activities (90,973)
Financing activities  
Proceeds from initial public offering, net of issuance costs 87,412
Distribution to stockholder (5,120)
Redemption of Floating Rate Notes (20,000)
Net cash provided by financing activities 62,292
Net increase (decrease) in cash, cash equivalents, and restricted cash 6,978
Cash, cash equivalents and restricted cash at beginning of period 9,924
Cash, cash equivalents and restricted cash at end of period 16,902
Supplementary cash flow information:  
Cash paid for interest $ 1,162