DONEGAL GROUP INC DGICB Cash Flow

Donegal group inc (DGICB)

CashFlow / TTM

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
27,859	47,151	17,999	14,019	8,440	-32,760	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net (loss) income
-	-	-	-	-	-	-	-	-	-	-	0	24,057	-	27,230	28,104	25,984	20,990	23,492	26,554	22,027	14,539	19,616	18,521	19,212	26,321	22,978	22,163	21,557	23,092	15,993	9,974	6,257	452	0	0	0
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation, amortization and other non-cash items
5,849	5,573	5,621	6,529	6,566	6,609	6,607	5,803	5,898	6,109	6,012	6,193	6,319	6,587	9,216	8,575	7,623	6,740	3,792	3,791	3,829	3,523	3,231	3,007	2,941	3,049	3,083	3,476	3,745	3,950	4,603	4,387	4,080	4,106	0	0	0
Net investment losses (gains)
-6,807	21,984	10,430	14,262	14,213	-4,801	5,560	2,657	2,237	5,705	4,528	4,985	4,603	2,525	3,456	1,683	1,358	1,934	1,520	2,625	4,269	3,134	1,776	1,774	994	2,423	4,652	5,615	5,890	6,859	10,284	11,430	14,218	12,281	0	0	0
Equity in earnings of Donegal Financial Services Corporation
0	295	836	1,568	2,356	2,693	2,751	2,422	2,020	1,621	1,410	1,365	1,283	1,086	699	749	785	1,277	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Equity in earnings of Donegal Financial Services Corporation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	3,411	4,012	4,447	4,533	4,280	3,969	3,078	2,023	0	0	0
Changes in assets and liabilities:
Losses and loss expenses
51,692	55,008	84,554	97,652	108,956	137,993	135,629	104,384	106,713	70,007	50,082	66,081	46,304	28,459	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Losses and loss expenses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	23,624	36,721	39,566	36,791	49,823	40,870	33,277	16,419	32,298	46,037	48,191	59,088	0	0	0
Unearned premiums
18,575	3,618	-2,506	122	-318	3,072	14,637	26,039	35,194	37,401	39,473	38,820	40,404	36,562	35,114	34,198	28,830	20,846	18,515	19,668	21,793	25,911	25,063	25,008	23,413	19,646	23,987	27,287	28,366	26,150	26,893	29,216	31,675	39,665	0	0	0
Premiums receivable
10,548	9,030	13,430	7,036	8,296	-3,704	-3,106	-1,757	-6,084	1,016	-2,336	10,987	16,849	18,122	19,153	12,731	8,785	7,960	7,041	10,061	10,325	9,402	9,071	5,205	5,720	6,708	9,160	13,834	16,846	12,481	15,500	11,058	8,906	8,247	0	0	0
Deferred acquisition costs
-2,032	-1,330	-881	-334	-32	325	2,689	3,530	4,014	3,980	4,473	4,735	5,843	4,200	3,893	3,499	2,451	3,809	4,429	4,712	4,661	4,671	4,480	4,823	4,221	3,505	3,632	3,673	3,922	3,696	3,195	3,274	2,599	1,979	0	0	0
Deferred income taxes
2,313	-649	4,053	3,934	3,292	4,179	-12,087	-12,398	-11,379	-11,889	-192	-180	-2,120	-2,030	-1,668	-864	-299	-168	243	759	735	963	1,071	-420	80	-1,414	201	-884	-675	-1,151	-2,259	2,941	2,727	5,922	0	0	0
Reinsurance receivable
24,053	23,652	39,898	45,984	37,163	45,026	38,888	34,470	43,737	35,314	24,150	19,034	15,767	3,299	-461	-1,616	-11,930	6,092	8,078	-18,806	13,887	9,396	9,888	38,035	31,526	28,345	33,011	30,929	18,380	6,069	12,119	19,622	27,619	35,987	0	0	0
Prepaid reinsurance premiums
22,910	7,095	421	242	-1,394	347	3,726	6,789	10,423	10,777	10,378	9,781	10,830	10,732	9,928	8,325	4,152	-2,349	-3,658	-2,371	5	3,207	2,705	2,356	2,004	1,507	3,769	4,673	5,784	4,706	4,790	7,788	10,862	17,084	0	0	0
Accrued investment income
706	504	118	512	167	8	214	571	51	257	133	256	150	304	136	39	248	239	396	303	-22	327	-208	-500	-58	-908	-102	-291	-512	-380	132	-632	18	-652	0	0	0
Due to affiliate
-776	-805	3,278	2,522	3,773	3,560	-2,018	911	1,254	16,519	1,776	-2,389	861	-12,762	0	0	0	-	0	0	0	-	196	5,338	2,144	-2,409	847	692	-1,976	-806	-6,231	-3,950	26	2,460	0	0	0
Reinsurance balances payable
-151	-1,766	-1,159	-3,843	-3,285	-233	-2,490	103	156	-253	2,623	2,367	2,390	889	-882	-1,263	-4,257	-4,360	-6,504	-9,812	-4,768	-10,107	-4,092	-5,355	-2,466	4,007	-2,898	3,308	-1,919	-6,098	-4,097	-4,038	-1,410	899	0	0	0
Current income taxes
17,031	19,117	3,829	2,662	2,928	-8,097	-17,491	-16,475	-18,916	-9,826	-280	-2,500	-3,259	379	-1,484	654	1,934	-906	-1,338	-543	1,884	-160	2,771	1,584	-541	-1,004	1,904	1,752	1,274	3,245	-1,467	-3,173	-1,889	-1,713	0	0	0
Accrued expenses
527	3,011	2,583	1,059	368	-2,591	1,153	1,684	2,059	-212	2,161	3,268	2,463	5,786	2,239	2,202	-78	3,030	1,866	2,206	2,063	164	-1,139	-2,140	170	2,124	847	-307	-3,405	-3,815	-2,443	-4,223	-2,115	-330	0	0	0
Other, net
-6,800	-6,033	-6,467	-1,318	-268	-299	-299	-163	-28	113	-60	-1,309	-217	22	476	3,675	2,118	2,235	2,902	1,915	357	-111	-612	-1,550	-1,079	-556	-1,096	-831	-173	360	1,014	-27	-26	674	0	0	0
Net adjustments
47,854	29,208	34,360	34,815	55,194	96,536	98,726	87,364	88,402	73,884	60,953	63,776	44,086	29,228	38,718	33,401	45,122	47,197	43,644	50,322	37,101	29,975	19,842	12,537	19,590	19,686	20,954	16,348	5,451	1,872	498	4,829	8,555	20,628	0	0	0
Net cash provided by operating activities
-	-	-	-	-	-	-	-	-	-	-	-	68,143	-	65,949	61,505	71,107	68,187	67,136	76,876	59,129	44,514	39,458	31,059	38,802	46,008	0	0	0	-	-	-	-	-	-	-	-
Net cash provided by operating activities
75,713	76,359	52,359	48,834	63,635	63,776	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	16,492	14,803	14,812	21,081	0	0	0
Cash Flows from Investing Activities:
Purchases of fixed maturities:
Purchases of fixed maturities, held to maturity
107,550	96,724	75,432	60,832	44,008	48,969	50,173	46,391	44,956	51,049	53,155	48,504	55,639	44,907	48,288	47,284	34,822	31,310	21,782	34,601	38,997	103,654	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Purchases of fixed maturities, available for sale
126,371	165,989	153,813	155,359	151,020	116,961	122,604	145,768	139,530	138,675	139,772	106,472	142,064	161,873	175,396	180,461	157,275	181,106	160,719	141,154	117,049	89,585	77,481	90,239	145,363	148,486	199,111	237,712	213,116	241,343	232,679	226,274	201,690	189,111	0	0	0
Purchases of equity securities, available for sale
25,712	20,722	19,103	19,314	9,541	11,303	19,258	14,489	15,130	17,033	13,500	16,506	15,770	15,222	16,501	15,001	15,004	14,759	8,714	14,659	15,672	23,607	58,455	53,507	54,496	47,156	26,091	36,435	33,751	31,254	21,786	12,374	15,729	23,857	0	0	0
Maturity of fixed maturities:
Held to maturity
29,895	24,460	17,422	12,697	14,481	13,184	15,482	17,025	18,206	20,577	20,465	20,643	21,103	19,488	19,762	17,793	24,466	28,575	27,396	32,871	30,311	36,832	33,923	30,457	26,098	13,767	13,407	14,784	15,661	16,061	15,470	13,049	7,298	5,888	0	0	0
Available for sale
132,286	119,113	109,108	90,039	97,072	105,266	108,305	113,784	103,344	99,544	94,036	70,063	83,319	82,586	74,857	88,817	68,780	66,744	71,789	54,981	46,749	38,417	32,965	36,105	47,020	52,675	71,349	89,252	104,612	115,501	97,053	86,521	63,691	53,763	0	0	0
Sales of fixed maturities:
Sales of fixed maturities, available for sale
-	19,527	32,361	33,541	32,521	13,202	1,835	6,916	9,073	10,081	13,334	18,898	37,542	55,731	68,868	57,976	39,811	40,321	27,520	28,594	45,497	26,816	82,101	103,202	117,334	133,890	97,004	98,754	92,008	90,484	89,428	133,829	108,646	122,873	0	0	0
Sales of equity securities, available for sale
23,131	40,465	43,904	49,031	33,982	13,779	17,941	11,917	14,683	20,880	14,916	18,568	14,975	9,201	11,125	7,473	6,852	8,761	2,604	6,183	8,673	8,337	43,342	40,099	42,705	43,204	16,065	30,805	28,402	30,001	31,595	23,188	30,116	27,036	0	0	0
Net (purchases) sales of property and equipment
1,326	149	120	127	-1,129	105	482	895	959	1,090	863	524	445	384	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net purchases of property and equipment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	2,038	1,254	0	0	0	-	-	-	-	-	-	-	-
Net decrease in investment in affiliate
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchase of MICO
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	7,207	0	0	0
Net purchases of property and equipment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-
Net decrease in investment in affiliates
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-
Net purchases of short-term investments
31,881	-2,718	3,530	12,666	31,385	5,698	-5,635	-20,365	-816	1,678	1,480	22,763	-1,622	-4,061	-15,345	-9,776	-3,982	-6,861	8,163	-11,299	-494	-79,384	-22,247	15,552	5,104	75,851	0	0	0	-	-	-	-	-	-	-	-
Net cash used in investing activities
-	-	-	-	-	-	-	-	-	-	-	-	-55,355	-	-51,236	-61,905	-64,147	-76,064	-69,661	-56,501	-40,634	-29,184	-23,612	-31,480	-43,032	-28,071	0	0	0	-	-	-	-	-	-	-	-
Net (purchases) sales of short-term investments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	0	0	0
Net cash (used in) provided by investing activities
-107,529	-43,377	-15,280	-29,068	-22,845	-37,606	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	6,069	10,153	-19,492	-31,109	0	0	0
Cash Flows from Financing Activities:
Cash dividends paid
16,220	16,092	15,975	15,864	15,761	15,658	15,457	15,250	15,043	14,822	14,667	14,499	14,288	14,085	14,189	14,315	14,403	14,455	14,219	13,951	13,751	13,575	13,397	13,219	13,043	12,810	12,603	12,434	12,279	12,208	12,133	12,063	11,999	11,874	0	0	0
Issuance of common stock
5,709	4,834	3,906	3,391	2,783	3,249	13,306	13,872	14,400	15,511	8,695	11,810	14,728	13,822	7,899	4,730	14,083	15,516	19,578	23,316	12,016	10,700	14,584	11,101	11,386	12,550	6,819	6,062	4,674	2,983	2,919	2,595	1,736	1,460	0	0	0
Borrowing under lines of credit
0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	37,000	4,000	1,500	1,500	3,000	3,000	6,000	6,000	21,500	0	0	0	-	-	-	-	22,500	0	0	0
Purchases of treasury stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	12	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Payments on subordinated debentures
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	15,465	0	0	0	-	-	-	-	-	-	-	-
Payments on lines of credit
-	25,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	15,500	0	0	0	-	-	-	-	-	-	-	-
Net cash used in financing activities
-	-	-	-	-	-	-	-	-	-	-	-	-11,559	-	-7,510	-6,805	-2,445	437	-3,545	-4,039	-7,734	-7,387	-7,640	-4,006	-2,545	-10,101	0	0	0	-	-	-	-	-	-	-	-
Net cash provided by (used in) financing activities
39,489	-36,258	-37,068	-37,472	-36,978	-11,409	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-15,429	-10,607	3,193	6,931	0	0	0
Net increase (decrease) in cash
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net (decrease) increase in cash
-	-	-	-	-	-	-	0	7,139	-	0	0	0	-	-	-	4,514	-7,439	-6,070	16,335	10,760	7,942	8,205	-4,427	-6,775	7,835	2,750	6,957	7,943	6,555	7,131	14,349	-1,486	-3,096	0	0	0
Cash paid during period - Interest
0	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash paid during period - Taxes
-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash paid during period-Interest
-	-	-	-	-	-	-	-	-	-	-	-	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0
Net cash paid during period-Taxes
-	-	-	-	-	-	-	-	-	-	-	-	0	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash paid during period - Taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	0	0	0	-	0	0	0	-	-	-	-
Donegal Financial Services Corporation [Member]
Sale of investment in Donegal Financial Services Corporation
-	-33,922	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-