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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Operating activities    
Net cash provided by operating activities $ 35,659 $ 15,813
Investing activities    
Purchases of property and equipment (72) (316)
Purchases of fixed maturity securities (181,446) (77,953)
Purchases of equity securities (58,735) (30,914)
Sales and maturities of fixed maturity securities 87,541 61,871
Sales of equity securities 64,820 28,304
Securities receivable or payable, net (3,081) 250
Net cash used in investing activities (90,973) (18,758)
Financing activities    
Proceeds from initial public offering, net of issuance costs 87,412  
Repayment of surplus notes   (17,500)
Distribution to stockholder (5,120)  
Proceeds from issuance of Floating Rate Notes, net of issuance costs   19,049
Redemption of Floating Rate Notes (20,000)  
Net cash provided by financing activities 62,292 1,549
Net increase (decrease) in cash, cash equivalents, and restricted cash 6,978 (1,396)
Cash, cash equivalents and restricted cash at beginning of period 9,924 10,932
Cash, cash equivalents and restricted cash at end of period 16,902 9,536
Supplementary cash flow information:    
Cash paid for interest $ 1,162 $ 1,192