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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
OPERATING ACTIVITIES    
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest $ (102,312) $ (41,881)
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation and amortization 5,042 6,255
Bond amortization and accretion 3,041 4,555
Net realized gains (losses) 1,847 (379)
Unrealized Gain (Loss) on Investments 7,352 (5,002)
Provision for uncollectable premiums/over and short 6 77
Reinsurance Recoverable Change in Credit Loss Allowance (223) 110
Financing Receivable, Change in Credit Loss Allowance 0 (546)
Deferred income taxes, net 24,764 (17,112)
Stock based compensation 634 402
Proceeds from contractual commitment 3,800 (5,007)
Gain on sale of building (1,528) 0
Gain (Loss) on Disposition of Assets 343 15
Changes in operating assets and liabilities:    
Accrued investment income 200 352
Premiums receivable (22,386) (9,403)
Reinsurance recoverable on paid and unpaid losses 239,386 (106,161)
Ceded unearned premiums (72,033) (208,386)
Deferred policy acquisition costs, net (38,671) (12,444)
Other assets (1,728) 8,719
Unpaid losses and loss adjustment expenses (234,456) 46,409
Unearned premiums 14,657 24,966
Reinsurance payable 189,059 296,581
Payments outstanding (5,561) (5,703)
Accounts Payable (7,693) (20,525)
Change in Operating Lease Liability (334) (152)
Other liabilities 4,634 16,219
Net cash provided by operating activities 8,286 (28,261)
INVESTING ACTIVITIES    
Proceeds from sales and maturities of fixed maturities 107,536 142,823
Proceeds from Sale of Equity Securities, FV-NI 88 542
Proceeds from Sale and Maturity of Other Investments 1,464 23,455
Payments to Acquire Fixed Maturities, Available-for-sale (18,334) (61,921)
Payments to Acquire Equity Securities, FV-NI (6,253) (14,987)
Payments to Acquire Other Investments (840) (35,263)
Proceeds from Sale of Property, Plant, and Equipment 3,966  
Cost of property, equipment and capitalized software acquired (2,360) (2,471)
Net cash provided by (used in) investing activities 85,267 52,178
FINANCING ACTIVITIES    
Repayments of borrowings (761) (1,056)
Payments of Dividends (2,589) (5,186)
Return of capital - Noncontrolling interest (18,335) 0
Net Cash Provided by (Used in) Financing Activities (21,685) (6,242)
Cash, Cash Equivalents, Restricted Cash at beginning of period 245,278 301,498
Cash, Cash Equivalents, Restricted Cash at end of period 317,146 319,173
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Excluding Exchange Rate Effect 71,868 17,675
Supplemental Cash Flows Information    
Interest Paid 4,771 4,773
Proceeds from Income Tax Refunds   $ (5,315)
Income taxes paid $ 644