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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Cash flow from operating activities:      
Net income (loss) $ (103,100) $ (78,158) $ 1,011
Adjustments to reconcile net income to net cash provided by (used in) operating activities:      
Net realized and unrealized (gains) losses (11,017) (18,032) (7,084)
Impairment of intangibles 1,280 11,699 0
Loss (gain) on early extinguishment of debt 0 0 3,575
Amortization of investment premium or discount, net 3,645 3,740 916
Depreciation and amortization 1,916 1,904 1,477
Share-based compensation 1,164 1,580 2,176
Changes in operating assets and liabilities:      
Prepaid reinsurance premiums 35,735 (132,613) (11,803)
Premiums receivable, net 9,629 (9,381) (8,654)
Reinsurance recoverable, net (200,177) (203,443) 9,412
Deferred acquisition costs and value of business acquired, net 6,576 30,731 (7,979)
Current and deferred income taxes, net 5,016 (32,835) (3,723)
Deferred revenue (1,947) 331 756
Loss and loss adjustment expense reserves 198,427 216,005 11,472
Unearned premiums (24,042) 5,919 28,365
Reinsurance payable and funds withheld liabilities (100,079) 100,360 14,797
Other (14,197) 10,285 602
Net cash provided by (used in) operating activities (191,171) (91,908) 35,316
Cash flow from investing activities:      
Proceeds from sales of equity securities 0 22,050 9,203
Proceeds from sales of debt securities 240,141 556,463 164,196
Purchases of equity securities (2,745) (4,727) (6,565)
Purchases of debt securities (173,581) (580,876) (228,132)
Maturities and redemptions of debt securities 74,951 86,814 43,925
Payment for acquisition, net of cash acquired 0 0 10,402
Purchases of property and equipment (1,836) (3,357) (2,040)
Net cash provided by (used in) investing activities 136,930 76,367 (9,011)
Cash flow from financing activities:      
Proceeds from issuance of long-term debt, net of issuance costs 19,818 0 98,390
Payment of long-term debt and prepayment penalties 0 0 (48,000)
Issuance of common stock 15,571 0 0
Purchases of FedNat Holding Company common stock 0 (10,418) (3,449)
Issuance of common stock for share-based awards 11 42 1
Dividends paid 0 (5,077) (4,309)
Net cash provided by (used in) financing activities 35,400 (15,453) 42,633
Net increase (decrease) in cash and cash equivalents (18,841) (30,994) 68,938
Cash and cash equivalents at beginning-of-period 102,367 133,361 64,423
Cash and cash equivalents at end-of-period 83,526 102,367 133,361
Supplemental disclosure of cash flow information:      
Cash paid (received) during the period for income taxes 8,138 7,500 4,860
Cash paid (received) during the period for income taxes (4,211) (635) 3,504
Significant non-cash investing and financing transactions:      
Right-of-use asset (6,693) (7,430) (8,096)
Lease liability $ 6,693 $ 7,430 $ 8,096