XML 17 R7.htm IDEA: XBRL DOCUMENT v3.23.3
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Cash flows from operating activities:    
Net loss $ (72,559) $ (100,789)
Adjustments to reconcile net (loss) income to cash (used in) provided by operating activities:    
Income from discontinued operations, net of tax (1,133) (4,154)
Depreciation and amortization expense 1,259 1,404
Deferred federal income tax expense   11,350
Investment losses, net 248 6,764
Share-based payments expense 173 233
Change in ceded unearned premiums 206,205 (1,266)
Change in premiums receivable 23,962 15,701
Change in accounts receivable 8,475 1,165
Change in receivable from reinsurer 58,882 (62,028)
Change in deferred policy acquisition costs (14,668) 1,470
Change in reserves for losses and loss adjustment expenses (160,882) 42,207
Change in unearned premiums (185,117) 3,859
Change in reinsurance recoverable (13,512) 7,146
Change in reinsurance balances (52,588) (20,843)
Change in federal income tax recoverable 2,582 15,839
Change in all other liabilities 22,756 3,161
Change in all other assets 2,705 1,954
Net cash used in operating activities- continuing operations (173,212) (76,827)
Net cash provided by operating activities- discontinued operations 1,133 2,671
Net cash used in operating activities (172,079) (74,156)
Cash flows from investing activities:    
Purchases of property and equipment (672) (2,148)
Purchases of investment securities (15,174) (273,828)
Maturities, sales and redemptions of investment securities 186,002 131,768
Net cash provided by (used in) investing activities 170,156 (144,208)
Increase (decrease) in cash and cash equivalents and restricted cash (1,923) (218,364)
Cash and cash equivalents and restricted cash at beginning of period 88,619 356,677
Cash and cash equivalents and restricted cash at end of period $ 86,696 $ 138,313