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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Cash flow from operating activities:    
Net income (loss) $ (19,346) $ 3,245
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Net realized and unrealized investment (gains) losses (7,558) (4,256)
Loss (gain) on early extinguishment of debt 0 3,575
Amortization of investment premium or discount, net 1,092 354
Depreciation and amortization 1,105 725
Share-based compensation 808 1,358
Changes in operating assets and liabilities:    
Prepaid reinsurance premiums 64,095 25,796
Premiums receivable, net (8,210) (1,448)
Reinsurance recoverable, net (19,126) 12,111
Deferred acquisition costs and value of business acquired, net (6,886) (6,103)
Income taxes, net (10,184) (1,566)
Deferred revenue 128 537
Loss and loss adjustment expense reserves 63,361 (27,495)
Unearned premiums 22,869 21,816
Reinsurance payable (34,591) (10,839)
Other 9,583 7,787
Net cash provided by (used in) operating activities 57,140 25,597
Cash flow from investing activities:    
Proceeds from sales of equity securities 5,706 2,242
Proceeds from sales of debt securities 308,760 96,247
Payments to Acquire Equity Method Investments (4,451) (2,971)
Purchases of debt securities (349,807) (117,564)
Maturities and redemptions of debt securities 28,339 18,249
Purchases of property and equipment (2,161) (741)
Net cash provided by (used in) investing activities (13,614) (4,538)
Cash flow from financing activities:    
Proceeds from issuance of long-term debt, net of issuance costs 0 98,390
Payment of long-term debt and prepayment penalties 0 (48,000)
Purchases of FedNat Holding Company common stock (10,418) 0
Dividends paid (2,560) (2,085)
Net cash provided by (used in) financing activities (12,977) 48,305
Net increase (decrease) in cash and cash equivalents 30,549 69,364
Cash and cash equivalents at beginning-of-period 133,361 64,423
Cash and cash equivalents at end-of-period 163,910 133,787
Supplemental disclosure of cash flow information:    
Cash paid (received) during the period for interest 3,750 902
Cash paid (received) during the period for income taxes (923) 2,732
Right-of-use asset (7,772) (7,998)
Lease liability 7,772 7,998
Issuance of common stock for share-based awards $ 1 $ 0