XML 20 R6.htm IDEA: XBRL DOCUMENT v3.24.2.u1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Supplemental Cash Flows Information    
Proceeds from Income Tax Refunds $ (6,564)  
Interest Paid 5,438 $ 5,438
Income taxes paid   614
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Excluding Exchange Rate Effect 109,530 (206,343)
Cash, Cash Equivalents, Restricted Cash at end of period 261,589  
Cash, Cash Equivalents, Restricted Cash at beginning of period 157,000  
FINANCING ACTIVITIES    
Proceeds from Issuance of Common Stock 11,458 0
Net Cash Provided by (Used in) Financing Activities 11,458 0
INVESTING ACTIVITIES    
Proceeds from Divestiture of Businesses, Net of Cash Divested 0 (232,582)
Proceeds from sales and maturities of fixed maturities 7,283 230,424
Proceeds from Sale of Equity Securities, FV-NI 0 40,322
Proceeds from Sale and Maturity of Other Investments 7,088 500
Payments to Acquire Fixed Maturities, Available-for-sale (130,121) (11,786)
Payments to Acquire Equity Securities, FV-NI (14,995) 35
Payments to Acquire Other Investments (22,069) (759)
Proceeds from Sale of Property, Plant, and Equipment 0 599
Cost of property, equipment and capitalized software acquired 0 (273)
Net cash provided by (used in) investing activities (152,814) 26,480
Changes in operating assets and liabilities:    
Accrued investment income (2,955) 555
Premiums receivable (7,178) 7,648
Reinsurance recoverable on paid and unpaid losses 134,331 423,501
Ceded unearned premiums (109,130) (191,910)
Deferred policy acquisition costs, net (29,937) 24,201
Other assets 26,372 (49,699)
Unpaid losses and loss adjustment expenses (137,873) (491,831)
Unearned premiums 99,880 (59,854)
Reinsurance payable 233,259 93,378
Payments outstanding 845 (53,287)
Accounts Payable 668 21,837
Change in Operating Lease Liability (689) (517)
Other liabilities 337 (15,391)
Net cash provided by operating activities 250,886 (232,823)
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation and amortization 4,115 4,281
Bond amortization and accretion 405 499
Net realized gains (losses) 175 5,464
Unrealized Gain (Loss) on Investments 1 (2,694)
Provision for uncollectable premiums/over and short 0 4
Reinsurance Recoverable Change in Credit Loss Allowance 46 164
Deferred income taxes, net (4,769) 3,310
Stock based compensation 1,208 505
Gain on sale of building 0 (559)
Gain (Loss) on Disposition of Assets 129 953
Discontinued Operation, Gain (Loss) on Disposal of Discontinued Operation, Net of Tax (1,007) (238,440)
Net Income (Loss), Parent 42,653 285,059
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 261,589  
Continuing Operations    
Supplemental Cash Flows Information    
Cash, Cash Equivalents, Restricted Cash at end of period 281,362 77,268
Cash, Cash Equivalents, Restricted Cash at beginning of period 171,832 283,611
Adjustments to reconcile net income to net cash provided by operating activities    
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents $ 281,362 $ 77,268