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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Cash flows from operating activities:    
Net income (loss) $ (14,773) $ 5,517
Adjustments to reconcile net income (loss) to net cash provided by (used for) operating activities:    
Amortization and depreciation 1,605 1,956
Amortization of debt issuance costs 35 35
Restricted stock and stock option expense 860 1,148
Deferred federal income taxes (3,413) (203)
Amortization of bond premium and discount, net 1,461 1,395
Net realized investment (gains) losses 25,385 (3,819)
(Income) loss from equity method investments, net of distributions 483 (584)
Changes in:    
Premium receivables, net (5,834) (7,276)
Reinsurance receivables, net 186 3,277
Funds held by ceding insurers 1,455 8,672
Unpaid losses and loss adjustment expenses 10,428 13,097
Unearned premiums 9,784 5,517
Ceded balances payable (22,093) 1,358
Other assets and liabilities (8,559) (10,329)
Contingent commissions (2,945) (6,353)
Deferred acquisition costs (5,002) (503)
Prepaid reinsurance premiums 875 (1,533)
Net cash provided by (used for) operating activities (10,062) 11,372
Cash flows from investing activities:    
Proceeds from sale of fixed maturities 140,150 364,277
Proceeds from sale of equity securities 86,173 37,475
Proceeds from maturity of fixed maturities 16,312 28,721
Proceeds from other invested assets 4,679 2,080
Amounts received (paid) in connection with derivatives 2,567 (262)
Purchases of fixed maturities (145,955) (441,964)
Purchases of equity securities (10,362) (17,566)
Net cash provided by (used for) investing activities 93,564 (27,239)
Cash flows from financing activities:    
Distributions paid to common shareholders (3,654) (3,634)
Distributions paid to preferred shareholders (110) (110)
Purchases of class A common shares (120) (283)
Net cash used for financing activities (3,884) (4,027)
Net change in cash and cash equivalents 79,618 (19,894)
Cash and cash equivalents at beginning of period 78,278 67,359
Cash and cash equivalents at end of period $ 157,896 $ 47,465