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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Cash flows from operating activities:    
Net income (loss) $ 9,345 $ (64,310)
Adjustments to reconcile net income (loss) to cash used in operating activities:    
Depreciation and amortization expense 830 1,377
Deferred federal income taxes expense (benefit) 568 (4,804)
Investment (gains) losses , net (5,779) 29,330
Share-based payments expense (benefit) 97 (581)
Impairment of goodwill and other intangibles   45,996
Change in ceded unearned premiums 4,720 12,925
Change in premiums receivable 10,533 8,068
Change in accounts receivable 1,342 474
Change in deferred policy acquisition costs 1,454 (2,593)
Change in reserves for losses and loss adjustment expenses 22,504 33,135
Change in unearned premiums (15,791) (10,353)
Change in reinsurance recoverable (4,584) (49,004)
Change in reinsurance balances 4,973 (1,321)
Change in federal income tax payable (recoverable) 1,787 (472)
Change in all other liabilities 515 (7,185)
Change in all other assets (3,038) (524)
Net cash provided by (used in) operating activities 29,476 (9,842)
Cash flows from investing activities:    
Purchases of property and equipment (64) (433)
Purchases of investment securities (27,829) (144,398)
Maturities, sales and redemptions of investment securities 177,392 168,622
Net cash provided by investing activities 149,499 23,791
Increase in cash and cash equivalents and restricted cash 178,975 13,949
Cash and cash equivalents and restricted cash at beginning of period 108,308 54,948
Cash and cash equivalents and restricted cash at end of period $ 287,283 $ 68,897