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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Cash flows from operating activities:    
Net loss $ (91,655) $ (625)
Adjustments to reconcile net loss to cash (used in) provided by operating activities:    
Depreciation and amortization expense 5,754 5,365
Deferred federal income tax (benefit) expense (6,513) 817
Investment losses (gains), net 22,894 (20,618)
Share-based payments expense (400) 887
Impairment of goodwill and other intangibles 45,996  
Change in ceded unearned premiums 25,295 (31,190)
Change in premiums receivable 27,956 (28,510)
Change in accounts receivable (1,681) (2,667)
Change in deferred policy acquisition costs 5,154 (8,703)
Change in reserves for losses and loss adjustment expenses 169,413 93,108
Change in unearned premiums (68,120) 90,865
Change in reinsurance recoverable (174,765) (63,437)
Change in reinsurance payable (12,574) (8,054)
Change in federal income tax recoverable (16,647) (8,999)
Change in all other liabilities (4,452) 5,158
Change in all other assets 5,018 4,273
Net cash (used in) provided by operating activities (69,327) 27,670
Cash flows from investing activities:    
Purchases of property and equipment (1,667) (4,188)
Purchases of investment securities (285,507) (259,769)
Maturities, sales and redemptions of investment securities 409,861 231,603
Net cash provided by (used in) investing activities 122,687 (32,354)
Cash flows from financing activities:    
Proceeds from exercise of employee stock options   1,520
Payment of revolving credit facility   (30,000)
Payment of debt issuance costs   (979)
Proceeds from senior unsecured note offering   50,000
Purchase of treasury shares   (1,380)
Net cash provided by financing activities   19,161
Increase in cash and cash equivalents and restricted cash 53,360 14,477
Cash and cash equivalents and restricted cash at beginning of period 54,948 40,471
Cash and cash equivalents and restricted cash at end of period $ 108,308 $ 54,948