XML 18 R7.htm IDEA: XBRL DOCUMENT v3.21.2
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Cash flows from operating activities:    
Net income (loss) $ 8,878 $ (57,609)
Adjustments to reconcile net income (loss) to cash provided by (used in) operating activities:    
Depreciation and amortization expense 1,651 2,818
Deferred federal income taxes expense (benefit) 818 (6,122)
Investment (gains) losses , net (9,655) 27,272
Share-based payments expense (benefit) 154 (570)
Impairment of goodwill and other intangibles   45,996
Change in ceded unearned premiums (683) 20,052
Change in premiums receivable 14,540 19,364
Change in accounts receivable 1,443 (760)
Change in deferred policy acquisition costs 4,549 (116)
Change in reserves for losses and loss adjustment expenses 20,981 50,581
Change in unearned premiums (19,865) (34,089)
Change in reinsurance recoverable (4,242) (62,522)
Change in reinsurance payable 5,221 (3,456)
Change in federal income tax payable (recoverable) 5,617 (263)
Change in all other liabilities 1,088 (11,159)
Change in all other assets (1,596) 3,623
Net cash provided by (used in) operating activities 28,899 (6,960)
Cash flows from investing activities:    
Purchases of property and equipment (1,328) (1,122)
Purchases of investment securities (52,409) (153,708)
Maturities, sales and redemptions of investment securities 248,562 235,319
Net cash provided by investing activities 194,825 80,489
Increase in cash and cash equivalents and restricted cash 223,724 73,529
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 $ 332,032 $ 128,477