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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Cash flow from operating activities:    
Net income (loss) $ 24,015 $ (282)
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Net realized and unrealized investment (gains) losses (916) (8,644)
Amortization of investment premium or discount, net 1,333 3,065
Depreciation and amortization 1,033 312
Share-based compensation 1,847 2,279
Tax impact related to share-based compensation (32) (150)
Changes in operating assets and liabilities:    
Prepaid reinsurance premiums 1,207 (33,025)
Premiums receivable, net 12,107 (291)
Reinsurance recoverable, net (10,135) (286,630)
Deferred acquisition costs (6,502) (2,363)
Income taxes, net 9,083 (5,110)
Deferred revenue (1,309) (73)
Loss and loss adjustment expense reserves (9,401) 303,115
Unearned premiums 1,906 18,205
Reinsurance payable 5,060 47,325
Other (1,038) 4,517
Net cash provided by (used in) operating activities 28,258 42,250
Cash flow from investing activities:    
Proceeds from sales of equity securities 7,407 57,016
Proceeds from sales of debt securities 153,970 195,090
Purchases of equity securities (8,377) (34,339)
Purchases of debt securities (254,110) (268,999)
Maturities and redemptions of debt securities 86,935 28,718
Purchases of property and equipment (1,002) (304)
Net cash provided by (used in) investing activities (15,177) (22,818)
Cash flow from financing activities:    
Payment of long-term debt (5,000) 0
Purchase of non-controlling interest (16,685) 0
Purchases of FedNat Holding Company common stock (5,061) (9,404)
Issuance of common stock for share-based awards 39 103
Dividends paid (3,145) (3,189)
Net cash provided by (used in) financing activities (29,852) (12,490)
Net increase (decrease) in cash and cash equivalents (16,771) 6,942
Cash and cash equivalents at beginning-of-period 86,228 74,593
Cash and cash equivalents at end-of-period 69,457 81,535
Supplemental disclosure of cash flow information:    
Cash paid (received) during the period for income taxes $ (466) $ (414)