DONEGAL GROUP INC DGICB Cash Flow

Donegal group inc (DGICB)

CashFlow / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11
Cash Flows from Operating Activities:
Net income
3,731	14,153	5,186	4,788	23,023	-14,998	1,206	-789	-18,178	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net (loss) income
-	-	-	-	-	-	-	-	-	-	-	-2,318	5,104	-	4,813	8,584	11,848	1,983	5,686	6,465	6,854	4,486	8,748	1,938	-634	9,563	7,653	2,628	6,475	6,220	6,839	2,023	8,010	-878	819	-1,693	2,205
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation, amortization and other non-cash items
1,737	1,273	1,286	1,552	1,460	1,321	2,194	1,589	1,503	1,318	1,391	1,684	1,714	1,221	1,572	1,811	1,982	3,850	932	858	1,099	902	931	896	793	610	706	830	901	645	1,099	1,100	1,106	1,298	883	793	1,131
Net investment losses (gains)
-10,694	2,690	-369	1,566	18,097	-8,863	3,463	1,517	-918	1,497	561	1,097	2,548	321	1,018	715	470	1,251	-754	390	1,046	837	351	2,034	-88	-520	349	1,253	1,340	1,708	1,312	1,528	2,309	5,133	2,458	4,316	373
Equity in earnings of Donegal Financial Services Corporation
0	0	0	0	295	541	732	787	632	598	403	386	232	387	357	305	35	0	408	341	526	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Equity in earnings of Donegal Financial Services Corporation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	348	409	-	735	675	1,088	911	1,336	1,110	1,174	658	1,026	218	119
Changes in assets and liabilities:
Losses and loss expenses
18,538	5,139	19,251	8,762	21,854	34,685	32,349	20,067	50,891	32,321	1,103	22,396	14,184	12,396	17,102	2,620	-3,660	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Losses and loss expenses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	8,173	18,742	-	-6,268	16,248	14,503	-858	6,827	19,094	11,728	12,173	-2,125	11,501	-5,129	28,051	11,613	13,655	5,768
Unearned premiums
32,130	-17,889	-7,962	12,296	17,174	-24,015	-5,333	11,855	20,564	-12,449	6,067	21,011	22,771	-10,377	5,414	22,595	18,928	-11,825	4,498	17,228	10,944	-14,156	5,651	19,353	15,062	-15,004	5,597	17,757	11,296	-10,663	8,897	18,835	9,080	-9,920	11,219	21,295	17,070
Premiums receivable
16,331	-8,016	-2,508	4,741	14,813	-3,616	-8,902	6,001	2,812	-3,018	-7,553	1,674	9,913	-6,372	5,771	7,536	11,186	-5,340	-651	3,591	10,361	-6,259	2,368	3,855	9,438	-6,591	-1,497	4,371	10,425	-4,139	3,177	7,383	6,059	-1,120	-1,264	5,231	5,401
Deferred acquisition costs
1,029	-4,400	-588	1,927	1,731	-3,951	-42	2,230	2,089	-1,587	798	2,714	2,054	-1,095	1,060	3,823	411	-1,402	665	2,776	1,769	-782	949	2,725	1,779	-973	1,292	2,122	1,064	-847	1,333	2,371	838	-1,348	1,412	1,696	218
Deferred income taxes
2,001	-439	62	689	-962	4,263	-56	47	-74	-12,003	-367	1,066	-584	-305	-356	-873	-495	57	446	-307	-364	468	963	-332	-136	576	-528	169	-1,631	2,192	-1,614	377	-2,107	1,084	3,586	163	1,087
Reinsurance receivable
7,736	4,654	4,737	6,924	7,335	20,901	10,822	-1,896	15,198	14,763	6,405	7,370	6,775	3,599	1,288	4,103	-5,691	-162	133	-6,210	12,331	1,823	-26,751	26,483	7,840	2,315	1,396	19,974	4,659	6,981	-686	7,425	-7,651	13,031	6,816	15,422	716
Prepaid reinsurance premiums
21,146	517	-2,011	3,257	5,332	-6,156	-2,189	1,620	7,073	-2,777	873	5,254	7,426	-3,176	276	6,303	7,329	-3,980	-1,326	2,130	827	-5,289	-39	4,507	4,029	-5,792	-388	4,155	3,532	-3,530	515	5,266	2,454	-3,445	3,513	8,340	8,675
Accrued investment income
734	-219	-12	204	532	-605	380	-140	373	-398	737	-660	579	-522	860	-766	733	-689	763	-557	724	-533	670	-883	1,074	-1,069	378	-442	224	-263	189	-662	356	249	-575	-11	-314
Due to affiliate
-2,879	3,053	1,005	-1,955	-2,908	7,137	249	-704	-3,122	1,558	3,178	-360	12,142	-13,183	-987	2,889	-1,480	-	-730	-1,177	252	-	-4,474	3,060	-508	2,118	668	-133	-5,061	5,375	512	-2,803	-3,891	-49	2,794	1,173	-1,458
Reinsurance balances payable
477	83	-513	-199	-1,136	690	-3,198	358	1,915	-1,565	-604	410	1,506	1,311	-860	434	4	-460	-1,241	-2,559	-99	-2,603	-4,550	2,484	-5,438	3,411	-5,813	5,373	1,035	-3,495	394	145	-3,142	-1,494	452	2,773	-832
Current income taxes
785	15,851	1,193	-799	2,872	562	26	-533	-8,153	-8,831	1,042	-2,973	935	715	-1,177	-3,732	4,574	-1,149	961	-2,452	1,733	-1,581	1,756	-24	-311	1,350	569	-2,150	-774	4,260	417	-2,628	1,196	-453	-1,288	-1,344	1,372
Accrued expenses
-6,427	1,488	1,784	3,681	-3,943	1,060	261	2,989	-6,903	4,805	792	3,365	-9,175	7,179	1,899	2,560	-5,853	3,632	1,862	279	-2,744	2,468	2,202	137	-4,643	1,164	1,200	2,448	-2,689	-112	45	-649	-3,099	1,260	-1,735	1,458	-1,314
Other, net
-1,000	445	-5,324	-920	-233	11	-175	128	-263	11	-39	263	-122	-162	-1,288	1,355	118	291	1,909	-200	234	958	922	-1,758	-234	458	-15	-1,288	288	-81	249	-630	822	572	-792	-629	1,523
Net adjustments
7,077	13,767	22,061	4,947	-11,568	18,919	22,516	25,327	29,773	21,110	11,153	26,365	15,254	8,179	13,976	6,675	396	17,669	8,659	18,397	2,472	14,115	15,337	5,176	-4,653	3,982	8,032	12,228	-4,557	5,250	3,426	1,332	-8,137	3,877	7,756	5,058	3,935
Net cash provided by operating activities
-	-	-	-	-	-	-	-	-	-	-	-	20,359	-	18,790	15,260	12,245	19,653	14,345	24,862	9,326	18,601	24,085	7,114	-5,288	13,546	15,686	14,857	1,918	-	-	-	-	-	-	-	-
Net cash provided by operating activities
10,808	27,921	27,247	9,736	11,454	3,921	23,722	24,537	11,594	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	10,265	3,355	-126	2,998	8,576	3,364	6,141
Cash Flows from Investing Activities:
Purchases of fixed maturities:
Purchases of fixed maturities, held to maturity
19,222	27,426	31,203	29,697	8,396	6,135	16,602	12,873	13,357	7,338	12,820	11,438	19,450	9,445	8,168	18,573	8,718	12,826	7,165	6,111	5,206	3,298	19,985	10,507	69,863	-	-	-	-	-	-	-	-	-	-	-	-
Purchases of fixed maturities, available for sale
13,558	40,197	37,693	34,921	53,176	28,021	39,240	30,582	19,117	33,664	62,404	24,344	18,262	34,760	29,104	59,936	38,072	48,283	34,169	36,749	61,903	27,896	14,604	12,645	34,438	15,792	27,363	67,769	37,561	66,417	65,963	43,174	65,787	57,753	59,558	18,590	53,208
Purchases of equity securities, available for sale
5,020	1,666	6,699	12,325	30	47	6,910	2,552	1,792	8,002	2,142	3,193	3,695	4,469	5,148	2,456	3,147	5,747	3,649	2,459	2,902	-297	9,594	3,473	10,837	34,551	4,645	4,462	3,497	13,485	14,989	1,778	1,000	4,017	5,578	5,133	9,128
Maturity of fixed maturities:
Held to maturity
9,287	10,737	7,067	2,803	3,852	3,698	2,342	4,587	2,556	5,996	3,884	5,769	4,926	5,884	4,063	6,229	3,311	6,158	2,094	12,902	7,419	4,979	7,569	10,342	13,941	2,070	4,103	5,983	1,610	1,710	5,480	6,860	2,010	1,119	3,059	1,108	600
Available for sale
29,078	30,653	46,890	25,665	15,904	20,649	27,820	32,698	24,098	23,687	33,299	22,258	20,298	18,180	9,326	35,514	19,565	10,450	23,286	15,477	17,529	15,496	6,478	7,245	9,197	10,043	9,618	18,160	14,853	28,717	27,520	33,520	25,742	10,269	16,989	10,691	15,813
Sales of fixed maturities:
Sales of fixed maturities, available for sale
-	-1,020	0	1,020	19,527	11,813	1,180	0	208	446	6,261	2,157	1,216	3,699	11,825	20,800	19,405	16,836	934	2,635	19,916	4,035	2,008	19,537	1,235	59,320	23,109	33,669	17,791	22,434	24,859	26,923	16,266	21,378	69,260	1,740	30,493
Sales of equity securities, available for sale
3,202	2,497	896	16,533	20,537	5,935	6,024	1,485	333	10,097	0	4,251	6,531	4,133	3,652	658	757	6,057	0	38	2,666	-99	3,578	2,528	2,329	34,905	335	5,134	2,829	7,765	15,075	2,732	4,428	9,360	6,668	9,659	1,348
Net (purchases) sales of property and equipment
5	2	17	1,301	-1,171	-26	24	43	63	350	437	107	194	123	98	28	133	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net purchases of property and equipment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	21	-	-	-	832	636	283	285	48	-	-	-	-	-	-	-	-
Net decrease in investment in affiliate
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-675	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchase of MICO
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	7,207
Net purchases of property and equipment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0	21	-	-	-	-
Net decrease in investment in affiliates
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-465	-	-	-	-	-	-	-	-
Net purchases of short-term investments
58,688	5,403	-15,826	-16,384	24,088	11,652	-6,690	2,334	-1,597	318	-21,420	21,883	897	119	-137	-2,501	-1,542	-11,163	5,430	3,292	-4,420	3,860	-14,032	14,098	-83,310	60,997	23,767	3,649	-12,562	-	-	-	-	-	-	-	-
Net cash used in investing activities
-	-	-	-	-	-	-	-	-	-	-	-	-9,527	-	-13,515	-15,291	-5,489	-16,939	-24,185	-17,532	-17,406	-10,536	-11,025	-1,666	-5,956	-4,964	-18,893	-13,218	9,004	-	-	-	-	-	-	-	-
Net (purchases) sales of short-term investments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	7,048	-23,008	23,635	-	-26,611	-7,772	14,988
Net cash (used in) provided by investing activities
-54,928	-31,829	-4,932	-15,838	9,224	-3,732	-18,720	-9,615	-5,536	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	144	778	5,317	-171	4,229	-28,867	-6,299
Cash Flows from Financing Activities:
Cash dividends paid
4,080	4,061	4,045	4,032	3,953	3,944	3,934	3,930	3,850	3,742	3,727	3,723	3,628	3,588	3,559	3,511	3,426	3,692	3,684	3,600	3,477	3,456	3,416	3,400	3,302	3,277	3,239	3,223	3,069	3,071	3,070	3,068	2,998	2,996	3,000	3,004	2,873
Issuance of common stock
1,163	2,020	1,053	1,472	288	1,092	538	864	754	11,148	1,105	1,392	1,865	4,332	4,219	4,311	958	-1,589	1,049	13,664	2,392	2,471	4,787	2,365	1,075	6,355	1,305	2,649	2,239	625	547	1,262	548	562	222	403	272
Borrowing under lines of credit
50,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	33,000	2,500	0	1,500	0	0	0	3,000	0	3,000	0	18,500	-	-	-	-	0	0	18,611	3,888
Purchases of treasury stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	12	-	-	-	-	-	-	-	-	-	-	-	-
Payments on subordinated debentures
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	15,465	-	-	-	-	-	-	-	-
Payments on lines of credit
-	0	0	0	25,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	6,500	0	0	9,000	-	-	-	-	-	-	-	-
Net cash used in financing activities
-	-	-	-	-	-	-	-	-	-	-	-	-1,763	-	-2,840	-2,700	-2,467	498	-2,135	1,659	414	-3,484	-2,629	-2,035	761	-3,738	1,005	-574	-6,794	-	-	-	-	-	-	-	-
Net cash provided by (used in) financing activities
47,082	-2,041	-2,991	-2,559	-28,665	-2,852	-3,395	-2,065	-3,096	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-8,405	-2,082	-2,450	-2,491	-3,583	11,718	1,287
Net increase (decrease) in cash
2,962	-	-	-	-7,986	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net (decrease) increase in cash
-	-	-	-	-	-	-	12,856	2,962	-	2,700	-4,815	9,068	-	-	-	4,288	3,211	-11,974	8,989	-7,665	4,580	10,430	3,413	-10,483	4,843	-2,201	1,065	4,127	-240	2,004	2,051	2,740	335	9,222	-13,784	1,130
Cash paid during period - Interest
161	-	0	-3	325	-	379	295	261	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash paid during period - Taxes
-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash paid during period-Interest
-	-	-	-	-	-	-	-	-	-	-	-	297	-	353	308	340	-	223	268	265	-	305	375	299	-	358	313	517	-	539	570	510	-	470	433	355
Net cash paid during period-Taxes
-	-	-	-	-	-	-	-	-	-	-	-	0	-	2,200	6,055	0	-	800	3,700	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash paid during period - Taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	750	2,450	650	-	0	3,050	-1,423	-	-	-	-
Donegal Financial Services Corporation [Member]
Sale of investment in Donegal Financial Services Corporation
-	-14,058	0	14,058	-33,922	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-