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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Cash flow from operating activities:      
Net income (loss) $ (78,158) $ 1,011 $ 14,710
Adjustments to reconcile net income to net cash provided by (used in) operating activities:      
Net realized and unrealized investment (gains) losses (18,032) (7,084) 4,144
Impairment of intangibles 11,699 0 0
Loss (gain) on early extinguishment of debt 0 3,575 0
Amortization of investment premium or discount, net 3,740 916 1,546
Depreciation and amortization 1,904 1,477 1,385
Share-based compensation 1,580 2,176 2,367
Changes in operating assets and liabilities:      
Prepaid reinsurance premiums (132,613) (11,803) 26,915
Premiums receivable, net (9,381) (8,654) 16,602
Reinsurance recoverable, net (203,443) 9,412 (86,823)
Deferred acquisition costs and value of business acquired, net 30,731 (7,979) 1,457
Current and deferred income taxes, net (32,835) (3,723) 6,109
Deferred revenue 331 756 (1,637)
Loss and loss adjustment expense reserves 216,005 11,472 65,715
Unearned premiums 5,919 28,365 (12,431)
Reinsurance payable and funds withheld liabilities 100,360 14,797 (8,345)
Other 10,285 602 (1,444)
Net cash provided by (used in) operating activities (91,908) 35,316 30,270
Cash flow from investing activities:      
Proceeds from sales of equity securities 22,050 9,203 10,639
Proceeds from sales of debt securities 556,463 164,196 228,777
Purchases of equity securities (4,727) (6,565) (13,542)
Purchases of debt securities (580,876) (228,132) (337,776)
Maturities and redemptions of debt securities 86,814 43,925 92,744
Payment for acquisition, net of cash acquired 0 10,402 0
Purchases of property and equipment (3,357) (2,040) (2,026)
Net cash provided by (used in) investing activities 76,367 (9,011) (21,184)
Cash flow from financing activities:      
Proceeds from issuance of long-term debt, net of issuance costs 0 98,390 0
Payment of long-term debt and prepayment penalties 0 (48,000) (5,000)
Purchase of non-controlling interest 0 0 (16,685)
Purchases of FedNat Holding Company common stock (10,418) (3,449) (5,061)
Issuance of common stock for share-based awards 42 1 39
Dividends paid (5,077) (4,309) (4,184)
Net cash provided by (used in) financing activities (15,453) 42,633 (30,891)
Net increase (decrease) in cash and cash equivalents (30,994) 68,938 (21,805)
Cash and cash equivalents at beginning-of-period 133,361 64,423 86,228
Cash and cash equivalents at end-of-period 102,367 133,361 64,423
Supplemental disclosure of cash flow information:      
Cash paid (received) during the period for income taxes 7,500 4,860 4,266
Cash paid (received) during the period for income taxes (635) 3,504 (1,104)
Significant non-cash investing and financing transactions:      
Right-of-use asset (7,430) (8,096) 0
Lease liability $ 7,430 $ 8,096 $ 0