Donegal group inc (DGICB)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09
Cash Flows from Operating Activities:
Net income

47,151

-32,760

7,116

30,801

-

-

-

-

-

-

-

Net (loss) income

-

-

-

-

20,990

14,539

26,321

23,092

452

11,467

18,830

Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation, amortization and other non-cash items

5,573

6,609

6,109

6,587

6,740

3,523

3,049

3,950

4,106

3,143

2,552

Net investment losses (gains)

21,984

-4,801

5,705

2,525

1,934

3,134

2,423

6,859

12,281

4,395

4,479

Equity in earnings of Donegal Financial Services Corporation

295

2,693

1,621

1,086

1,277

1,242

-

-

-

-

-

Equity in earnings of DFSC

-

-

-

-

-

-

2,907

-

-

-

-

Equity in earnings of Donegal Financial Services Corporation

-

-

-

-

-

-

-

4,533

2,023

-268

471

Changes in assets and liabilities:
Losses and loss expenses

55,008

137,993

70,007

28,459

39,946

42,639

-

-

-

-

-

Losses and loss expenses

-

-

-

-

-

-

36,791

16,419

59,088

14,904

23,789

Unearned premiums

3,618

3,072

37,401

36,562

20,846

25,911

19,646

26,150

39,665

21,762

12,807

Premiums receivable

9,030

-3,704

1,016

18,122

7,960

9,402

6,708

12,481

8,247

7,478

5,849

Deferred acquisition costs

-1,330

325

3,980

4,200

3,809

4,671

3,505

3,696

1,979

1,601

3,302

Deferred income taxes

-649

4,179

-11,889

-2,030

-168

963

-1,414

-1,151

5,922

2,380

1,250

Reinsurance receivable

23,652

45,026

35,314

3,299

6,092

9,396

28,345

6,069

35,987

5,348

4,717

Prepaid reinsurance premiums

7,095

347

10,777

10,732

-2,349

3,207

1,507

4,706

17,084

8,270

4,604

Accrued investment income

504

8

257

304

239

327

-908

-380

-652

489

-452

Amounts due from affiliate

-

-

-

-

-1,147

-239

-

-

-

-

-

Due to affiliate

-805

3,560

16,519

-12,762

-

-

-2,409

-806

2,460

-887

665

Reinsurance balances payable

-1,766

-233

-253

889

-4,360

-10,107

4,007

-6,098

899

-320

994

Current income taxes

19,117

-8,097

-9,826

379

-906

-160

-1,004

3,245

-1,713

-368

1,927

Accrued expenses

3,011

-2,591

-212

5,786

3,030

164

2,124

-3,815

-330

718

-3,571

Other, net

-6,033

-299

113

22

2,235

-111

-556

360

674

-1,278

-323

Dividends received from Donegal Financial Services Corporation

-

-

-1,036

-1,591

-1,783

-

-

-

-

-

-

Net adjustments

29,208

96,536

73,884

29,228

47,197

29,975

19,686

1,872

20,628

10,537

15,267

Net cash provided by operating activities

-

-

-

-

68,187

44,514

46,008

24,964

-

-

-

Net cash provided by operating activities

76,359

63,776

81,000

60,030

-

-

-

-

21,081

22,004

34,097

Cash Flows from Investing Activities:
Purchases of fixed maturities:
Purchases of fixed maturities, held to maturity

96,724

48,969

51,049

44,907

31,310

103,654

-

-

-

-

-

Purchases of fixed maturities, available for sale

165,989

116,961

138,675

161,873

181,106

89,585

148,486

241,343

189,111

195,198

158,409

Purchases of equity securities, available for sale

20,722

11,303

17,033

15,222

14,759

23,607

47,156

31,254

23,857

59,191

39,163

Maturity of fixed maturities:
Held to maturity

24,460

13,184

20,577

19,488

28,575

36,832

13,767

16,061

5,888

8,649

25,617

Available for sale

119,113

105,266

99,544

82,586

66,744

38,417

52,675

115,501

53,763

80,116

48,363

Sales of fixed maturities:
Sales of fixed maturities, available for sale

19,527

13,202

10,081

55,731

40,321

26,816

133,890

90,484

122,873

72,092

62,668

Sales of equity securities, available for sale

40,465

13,779

20,880

9,201

8,761

8,337

43,204

30,001

27,036

70,029

39,638

Net (purchases) sales of property and equipment

149

105

1,090

384

151

2,127

-

-

-

-

-

Net purchases of property and equipment

-

-

-

-

-

-

1,254

744

238

-

941

Net decrease in investment in affiliate

-

-

-

-

-

-

-1,139

-

-

-

-

Payments to Sheboygan policyholders

-

-

-

-

-

-

-

-

-

-

6,526

Purchase of MICO

-

-

-

-

-

-

-

-

7,207

35,088

-

Net purchases of property and equipment

-

-

-

-

-

-

-

-

-

-651

-

Net decrease in investment in affiliates

-

-

-

-

-

-

-

100

20,570

-

100

Net purchases of short-term investments

-2,718

5,698

1,678

-4,061

-6,861

-79,384

75,851

-16,635

-314

-

-

Net cash used in investing activities

-

-

-

-

-76,064

-29,184

-28,071

-4,757

-

-

-

Net (purchases) sales of short-term investments

-

-

-

-

-

-

-

-

-

16,052

15,852

Net cash (used in) provided by investing activities

-43,377

-37,606

-58,443

-51,318

-

-

-

-

-31,109

-43,190

-12,999

Cash Flows from Financing Activities:
Cash dividends paid

16,092

15,658

14,822

14,085

14,455

13,575

12,810

12,208

11,874

11,405

10,997

Issuance of common stock

4,834

3,249

15,511

13,822

15,516

10,700

12,550

2,983

1,460

1,199

1,386

Borrowing under lines of credit

-

1,000

-

-

37,000

3,000

21,500

3,500

22,500

34,955

-

Purchases of treasury stock

-

-

-

-

28,124

12

376

1,925

1,537

145

393

Payments on subordinated debentures

-

-

-

-

-

-

15,465

-

-

-

-

Payments on lines of credit

25,000

-

10,000

12,000

9,500

7,500

15,500

6,000

3,617

-

-

Net cash used in financing activities

-

-

-

-

437

-7,387

-10,101

-13,650

-

-

-

Net cash provided by (used in) financing activities

-36,258

-11,409

-9,310

-12,263

-

-

-

-

6,931

24,603

-10,005

Net increase (decrease) in cash

-3,275

14,761

13,246

-

-

-

-

-

-

-

-

Net (decrease) increase in cash

-

-

-

-3,551

-7,439

7,942

7,835

6,555

-3,096

3,418

11,092

Donegal Financial Services Corporation [Member]
Sale of investment in Donegal Financial Services Corporation

-33,922

-

-

-

-

-

-

-

-

-

-