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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Cash flows from operating activities:    
Net income (loss) $ 11,571 $ (86,541)
Adjustments to reconcile net income (loss) to cash provided by (used in) operating activities:    
Depreciation and amortization expense 2,523 4,257
Deferred federal income taxes benefit (163) (5,597)
Investment (gains) losses , net (9,122) 27,899
Share-based payments expense (benefit) 158 (416)
Impairment of goodwill and other intangibles   45,996
Change in ceded unearned premiums (2,412) 18,045
Change in premiums receivable 35,155 35,921
Change in accounts receivable (628) (908)
Change in deferred policy acquisition costs 7,346 629
Change in reserves for losses and loss adjustment expenses 25,613 135,536
Change in unearned premiums (20,423) (37,632)
Change in reinsurance recoverable (17,242) (193,259)
Change in reinsurance payable 10,083 15,601
Change in federal income tax payable (recoverable) 7,344 (11,000)
Change in all other liabilities (2,903) (15,499)
Change in all other assets 448 4,073
Net cash provided by (used in) operating activities 47,348 (62,895)
Cash flows from investing activities:    
Purchases of property and equipment (1,632) (1,277)
Purchases of investment securities (120,276) (160,410)
Maturities, sales and redemptions of investment securities 295,878 373,988
Net cash provided by investing activities 173,970 212,301
Increase in cash and cash equivalents and restricted cash 221,318 149,406
Cash and cash equivalents and restricted cash at beginning of period 108,308 54,948
Cash and cash equivalents and restricted cash at end of period $ 329,626 $ 204,354