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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Cash flows from operating activities:    
Net (loss) income $ (57,609) $ 28,054
Adjustments to reconcile net income to cash (used in) provided by operating activities:    
Depreciation and amortization expense 2,818 2,626
Deferred federal income taxes (benefit) expense (6,122) 3,634
Investment losses (gains), net 27,272 (18,754)
Share-based payments (benefit) expense (570) 197
Impairment of goodwill and other intangibles 45,996  
Change in ceded unearned premiums 20,052 (17,852)
Change in premiums receivable 19,364 (24,896)
Change in accounts receivable (760) 287
Change in deferred policy acquisition costs (116) (6,017)
Change in reserves for losses and loss adjustment expenses 50,581 24,296
Change in unearned premiums (34,089) 53,569
Change in reinsurance recoverable (62,522) (48,126)
Change in reinsurance balances (recoverable) payable (3,456) 6,649
Change in federal income tax (recoverable) payable (263) 866
Change in all other liabilities (11,159) (2,708)
Change in all other assets 3,623 4,860
Net cash (used in) provided by operating activities (6,960) 6,685
Cash flows from investing activities:    
Purchases of property and equipment (1,122) (2,447)
Purchases of investment securities (153,708) (97,292)
Maturities, sales and redemptions of investment securities 235,319 123,599
Net cash provided by investing activities 80,489 23,860
Cash flows from financing activities:    
Proceeds from exercise of employee stock options   1,520
Purchase of treasury shares   (1,380)
Net cash provided by financing activities   140
Increase in cash and cash equivalents and restricted cash 73,529 30,685
Cash and cash equivalents and restricted cash at beginning of period 54,948 40,471
Cash and cash equivalents and restricted cash at end of period $ 128,477 $ 71,156