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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Cash flow from operating activities:    
Net income (loss) $ (3,865) $ 7,245
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Net realized and unrealized investment (gains) losses (2,301) 1,052
Loss (gain) on early extinguishment of debt 3,575 67
Amortization of investment premium or discount, net 197 616
Depreciation and amortization 355 371
Share-based compensation 675 665
Tax impact related to share-based compensation (10) (77)
Changes in operating assets and liabilities:    
Prepaid reinsurance premiums 38,719 48,291
Premiums receivable, net 7,107 726
Reinsurance recoverable, net (90,498) (21,490)
Deferred acquisition costs (796) 1,492
Income taxes, net (1,136) 2,521
Deferred revenue (18) (298)
Loss and loss adjustment expense reserves 77,894 5,699
Unearned premiums (6,132) (12,026)
Reinsurance payable (32,200) (33,455)
Other 1,639 11,019
Net cash provided by (used in) operating activities (6,795) 12,418
Cash flow from investing activities:    
Proceeds from sales of equity securities 1,506 4,262
Proceeds from sales of debt securities 49,174 73,830
Purchases of equity securities (2,188) (5,177)
Purchases of debt securities (62,741) (138,738)
Maturities and redemptions of debt securities 8,271 50,584
Purchases of property and equipment (486) (66)
Net cash provided by (used in) investing activities (6,464) (15,305)
Cash flow from financing activities:    
Issuance of long-term debt, net of issuance costs 98,464 0
Payment of long-term debt and prepayment penalties (48,000) (5,000)
Purchase of non-controlling interest 0 (16,685)
Purchases of FedNat Holding Company common stock 0 (5,000)
Dividends paid (1,039) (1,065)
Net cash provided by (used in) financing activities 49,425 (27,750)
Net increase (decrease) in cash and cash equivalents 36,166 (30,637)
Cash and cash equivalents at beginning-of-period 64,423 86,228
Cash and cash equivalents at end-of-period 100,589 55,591
Supplemental disclosure of cash flow information:    
Cash paid (received) during the period for interest 902 977
Cash paid (received) during the period for income taxes (277) $ 70
Right-of-use asset (8,103)  
Lease liability $ 8,103