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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
OPERATING ACTIVITIES    
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest $ (173,196) $ (56,999)
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation and amortization 21,071 9,045
Bond amortization and accretion 4,408 6,831
Net realized gains (losses) 1,856 (5,916)
Unrealized Gain (Loss) on Investments 9,870 (1,709)
Provision for uncollectable premiums/over and short 4 115
Reinsurance Recoverable Change in Credit Loss Allowance (11) 382
Financing Receivable, Change in Credit Loss Allowance 0 20
Deferred income taxes, net 24,620 (20,535)
Stock based compensation 924 738
Proceeds from contractual commitment 3,800 (5,007)
Gain on sale of building (1,688)
Gain (Loss) on Disposition of Assets 473 18
Changes in operating assets and liabilities:    
Accrued investment income 93 697
Premiums receivable 33,948 24,025
Reinsurance recoverable on paid and unpaid losses (550,173) (530,193)
Ceded unearned premiums 57,073 (88,894)
Deferred policy acquisition costs, net (32,684) (3,265)
Other assets 3,313 4,389
Unpaid losses and loss adjustment expenses 595,117 419,511
Unearned premiums (32,036) (6,002)
Reinsurance payable (48,057) 94,477
Payments outstanding (9,324) 57,848
Accounts Payable 100 (18,610)
Change in Operating Lease Liability (518) (273)
Other liabilities (6,937) 10,527
Net cash provided by operating activities (97,932) (109,544)
INVESTING ACTIVITIES    
Proceeds from sales and maturities of fixed maturities 128,315 209,021
Proceeds from Sale of Equity Securities, FV-NI 88 11,121
Proceeds from Sale and Maturity of Other Investments 2,261 64,097
Payments to Acquire Fixed Maturities, Available-for-sale (21,592) (177,301)
Payments to Acquire Equity Securities, FV-NI (7,459) (22,575)
Payments to Acquire Other Investments (1,911) (42,521)
Proceeds from Sale of Property, Plant, and Equipment 4,196  
Cost of property, equipment and capitalized software acquired (2,926) (3,818)
Net cash provided by (used in) investing activities 100,972 38,024
FINANCING ACTIVITIES    
Repayments of borrowings (4,147) (1,143)
Payments of Dividends (2,589) (7,762)
Restricted Stock, Value, Shares Issued Net of Tax Withholdings   (16)
Return of capital - Noncontrolling interest (18,335) 0
Net Cash Provided by (Used in) Financing Activities (25,071) (8,921)
Cash, Cash Equivalents, Restricted Cash at beginning of period 245,278 301,498
Cash, Cash Equivalents, Restricted Cash at end of period 223,247 221,057
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Excluding Exchange Rate Effect (22,031) (80,441)
Supplemental Cash Flows Information    
Interest Paid 4,823 4,809
Proceeds from Income Tax Refunds   $ (5,119)
Income taxes paid $ 1,444