EMPLOYERS HOLDINGS, INC. EIG Cash Flow

Employers holdings, inc. (EIG)

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	Dec'10	Sep'10	Jun'10	Mar'10
Operating activities
Net Income (Loss) Attributable to Parent
-34,900	31,700	32,800	40,800	51,800	25,600	47,600	42,500	25,600	31,300	21,900	24,800	23,200	35,500	22,600	26,800	21,800	26,700	24,500	29,200	14,000	29,100	15,200	45,600	10,800	14,137	27,585	14,588	7,490	87,769	7,766	5,016	6,340	20,244	11,783	8,251	8,345	20,149	10,054	16,499	16,097
Adjustments to reconcile net (loss) income to net cash provided by operating activities:
Depreciation and amortization
2,100	2,500	2,800	2,500	1,200	1,200	1,300	1,800	2,000	2,000	2,000	2,100	2,100	2,100	2,100	2,100	2,200	2,400	2,300	1,900	1,700	1,800	1,700	1,700	1,800	1,776	1,524	1,407	1,393	1,408	1,406	1,373	1,414	1,527	1,474	1,546	1,841	1,621	1,613	1,882	1,982
Stock-based compensation
2,400	3,300	2,700	1,700	2,400	3,500	2,100	1,700	2,100	2,900	800	1,200	1,900	1,500	1,100	1,400	1,800	1,400	500	900	1,800	1,700	800	1,900	1,600	-215	1,646	2,059	2,110	2,199	1,400	1,301	1,241	1,004	982	1,116	640	1,071	1,032	1,085	865
Amortization of cloud computing arrangements
1,600	1,500	1,700	1,100	1,000	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of premium on investments, net
-3,200	-1,600	-2,900	-2,300	-1,900	-2,000	-2,000	-2,000	-2,400	-3,100	-3,700	-3,900	-3,600	-3,200	-4,000	-3,700	-3,700	-3,300	-3,400	-2,900	-3,200	-2,800	-2,700	-2,600	-2,500	-2,426	-2,264	-2,290	-2,020	-1,677	-1,942	-1,867	-1,533	-1,451	-1,854	-1,920	-2,017	-1,867	-1,088	-1,737	-1,413
Allowance for expected credit losses
-300	-1,100	-900	900	-1,000	-1,200	400	-2,500	0	100	0	500	-400	-900	800	300	-2,600	600	1,300	1,200	1,200	-	-	-	-	-	-	-	-	-	-	-	-	-	-526	-271	-599	-1,847	-1,036	-1,093	365
Deferred income tax expense
-13,600	-11,100	-1,800	2,900	4,000	-37,400	6,200	5,100	11,700	-32,100	1,900	3,000	3,000	4,900	2,900	3,900	1,700	-10,100	800	1,900	1,800	-1,200	400	1,300	-1,000	-5,318	-2,924	-1,404	-1,154	-968	-2,356	-2,526	-5,149	3,148	-2,570	-789	-1,397	-365	697	278	4,070
Net realized and unrealized losses (gains) on investments
-61,100	17,800	2,600	7,400	23,300	-26,300	15,600	5,600	-8,000	0	4,100	1,100	2,200	2,100	1,600	6,000	1,500	-15,800	2,000	1,900	1,200	2,100	1,800	9,100	3,300	3,765	1,075	3,866	794	487	1,838	945	1,778	18,178	647	1,102	234	9,237	8	352	540
Excess tax benefits from stock-based compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	400	100	100	600	0	0	100	1,100	-386	37	519	-170	0	0	0	0	-	-	-	-	-	-	-	-
Other
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-100	-	200	300	-400	-	500	200	-200	-	-458	-1,111	562	-	411	-97	546	-	-	-	-	-	-	-	-
Realized losses (gains) on retirement of assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-7	-53	-68	-168	-146	-43	-63
Change in operating assets and liabilities:
Accrued investment income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-1,704	531	-1,597	1,746	-1,259	1,008	-1,528
Premiums receivable
5,800	-30,100	-28,900	-9,100	18,600	-20,800	-2,600	3,200	23,300	-4,700	-1,600	9,800	18,700	-13,300	-12,500	15,600	11,400	-4,700	-6,900	19,600	1,600	-19,200	-6,200	28,000	15,000	-4,168	-1,723	33,009	30,082	-2,476	8,679	30,643	26,133	5,068	4,389	19,746	19,196	915	-1,919	-5,247	-6,014
Reinsurance recoverable on paid and unpaid losses
-5,200	5,500	-5,500	-14,700	-5,700	-8,600	-400	-17,900	-6,200	-16,700	-7,300	-12,800	-7,700	-11,100	-6,300	-23,200	-6,600	-6,300	-6,200	-22,500	-9,300	-18,300	-9,800	-35,800	-7,400	-37,735	-21,819	2,960	-7,206	-107,323	-7,525	-10,367	-11,501	13,278	-9,083	-11,665	-11,419	-38,661	-36,997	-10,058	-10,004
Cloud computing arrangements
-4,500	-4,700	-2,600	-5,500	-100	-4,200	-21,800	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating lease right-of-use-assets
1,000	-900	700	1,100	-16,800	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Funds held by or deposited with reinsureds
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-931	-136	-1,019	-75,591	-802	-940	-1,305
Current federal income taxes
3,000	-1,600	3,700	-15,900	6,400	11,500	4,200	900	-8,000	2,500	1,700	-10,100	3,200	4,700	1,500	-2,600	4,100	-6,100	2,200	1,600	-1,600	2,100	1,100	1,900	1,400	-2,775	-3,773	1,993	855	-1,954	1,178	-145	1,021	6,267	-1,868	-1,347	-997	5,404	-963	1,930	-6,327
Unpaid losses and loss adjustment expenses
-1,100	-4,500	-12,800	-27,500	-18,600	-25,800	5,800	-30,200	-8,000	-32,800	14,000	-13,300	-2,800	-29,000	-2,300	-9,600	-5,600	-10,400	3,400	-15,800	600	600	-15,500	3,400	-27,700	-25,233	-14,046	-32,962	-26,759	72,884	-22,635	-10,367	941	-23,099	6,267	12,208	11,990	46,102	33,531	34,565	31,731
Unearned premiums
16,700	-23,200	-9,800	1,200	32,600	-19,700	-4,200	8,300	33,600	-12,800	-10,000	10,300	20,500	-15,300	-10,500	12,400	14,800	-18,200	-14,300	16,800	13,800	-25,100	-3,800	19,000	16,700	-15,034	1,248	28,418	24,168	-5,694	13,064	32,081	30,765	715	9,172	17,475	18,086	-4,035	-1,140	-4,229	312
Accounts payable, accrued expenses and other liabilities
-1,900	4,500	900	-2,200	-10,700	15,300	-200	3,300	700	2,800	-2,700	-4,000	-3,100	2,000	3,000	-5,200	-4,000	6,200	-5,900	9,700	-1,400	4,100	-300	12,400	-3,400	-4,401	-9,188	11,011	4,378	1,002	-6,036	2,280	4,886	-15,624	7,602	1,910	467	-9,441	2,227	-1,773	-1,468
Deferred reinsurance gain—LPT Agreement
2,400	2,300	2,300	5,400	2,500	2,500	2,600	6,300	2,600	2,800	2,500	3,000	3,000	2,900	2,900	5,700	3,100	2,900	2,700	9,000	2,900	11,700	4,400	22,100	3,900	11,559	13,581	3,283	3,577	73,419	3,225	3,938	4,338	4,452	4,203	4,262	4,519	4,719	4,792	4,372	4,350
Contingent commission receivable—LPT Agreement
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-2,600	-200	-3,300	11,300	-8,900	-400	-3,753	-440	-1,422	-385	-12,564	-1,853	-374	-223	-	-	-	-	-	-	-	-
Operating lease liabilities
-1,000	700	-700	-1,200	19,000	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non-cancellable obligations
1,700	-2,600	-200	-2,800	1,400	-600	-15,500	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other
13,600	7,300	-2,200	-6,200	12,900	6,300	-3,200	-4,300	4,200	-1,800	-18,100	3,300	4,300	4,200	-14,800	6,000	7,000	-3,000	-5,000	1,500	13,400	-200	-3,600	10,900	3,400	-4,222	2,443	4,987	-808	-5,498	-3,278	-3,566	-3,740	-14,046	857	-3,581	1,252	2,535	1,002	4,185	-2,515
Net cash provided by operating activities
15,500	10,500	70,300	22,200	20,100	47,100	46,900	40,000	46,200	38,500	61,200	11,900	30,700	25,800	54,300	21,100	21,600	22,400	31,300	37,800	24,900	35,500	58,300	39,500	38,600	42,456	38,852	43,605	41,587	40,656	36,618	29,550	24,425	6,407	23,265	7,397	5,315	51,380	15,362	-11,878	2,117
Investing activities
Purchases of fixed maturity securities
228,300	108,900	76,300	78,400	95,400	163,800	114,800	126,200	231,900	188,600	201,600	63,800	138,300	141,600	128,800	93,900	102,500	111,300	109,000	88,600	168,000	84,300	77,800	121,400	94,500	173,857	128,454	121,772	90,117	183,204	78,961	73,618	108,218	104,735	51,400	37,570	23,925	108,560	101,988	26,852	36,433
Purchases of equity securities
89,300	21,100	185,300	18,300	16,100	48,100	11,300	13,100	6,800	23,000	3,100	5,100	5,600	10,300	3,900	2,300	32,600	7,400	12,000	57,700	8,000	8,900	6,400	6,400	7,800	8,442	3,868	12,862	5,328	2,643	5,033	4,860	18,443	16,766	2,218	1,042	1,054	17,219	-1	0	455
Purchases of short-term investments
76,200	0	0	-100	100	24,800	0	0	34,900	0	100	200	7,900	2,000	8,000	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchases of other invested assets
2,700	3,500	22,900	2,000	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from sale of fixed maturity securities
220,200	15,700	53,000	43,100	51,200	35,000	1,400	34,700	133,700	68,000	138,800	15,700	27,300	20,700	0	69,300	42,400	18,400	36,300	50,700	0	5,700	4,200	2,900	35,100	19,794	32,000	706	0	4,666	11,239	21,148	13,412	137,246	1,407	74,894	22,099	24,800	17,269	39,419	21,171
Proceeds from sale of equity securities
86,500	152,100	65,600	6,000	8,700	12,600	34,100	13,100	10,900	26,600	3,200	5,600	5,800	10,200	4,600	39,300	26,300	13,300	5,100	8,100	8,200	8,900	6,300	13,400	7,900	8,434	3,909	13,073	5,284	2,613	5,083	5,031	3,420	1,756	2,309	1,085	1,096	17,186	-1	0	568
Proceeds from maturities and redemptions of fixed maturity securities
86,600	-3,200	163,400	84,100	65,600	34,700	107,000	108,800	78,900	56,400	62,500	33,500	63,300	85,500	53,200	30,400	61,500	109,900	57,700	71,200	85,100	92,800	57,600	58,300	42,400	58,382	62,092	46,633	39,693	46,248	71,480	48,276	61,884	85,459	55,533	0	49,457	29,151	50,709	23,458	20,354
Proceeds from maturities of short-term investments
66,900	0	0	0	25,000	100	0	34,900	4,000	1,500	100	10,100	8,500	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net change in unsettled investment purchases and sales
-5,600	-400	-1,600	1,500	-24,200	17,400	-2,200	11,900	-4,700	27,200	-26,400	-13,000	18,000	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Capital expenditures and other
1,900	-300	4,100	3,500	4,800	2,600	-2,500	7,200	2,900	400	1,900	2,400	3,500	1,100	1,500	2,200	200	4,100	1,800	4,700	900	2,000	6,100	900	1,500	-552	2,346	1,851	1,355	-61	1,851	1,188	2,138	1,096	988	1,740	863	221	23	897	764
Proceeds from sale of fixed assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	515	146	26	113	119	32	33	42	396	0	0	0	-	-	-	-
Change in restricted cash and cash equivalents
-	-	-	-	-	-	-	-	-	-	-	-	-	-	300	-1,800	1,700	-600	-3,500	-1,800	-2,400	-10,000	12,300	-500	2,400	475	1,476	-92	-659	-109	-1,679	-3,470	4,312	107	1,060	-6,189	-5,628	-	-	-	-
Restricted cash and cash equivalents provided by (used in) investing activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	31
Net cash provided by investing activities
56,200	30,800	-24,100	32,600	9,900	-139,500	16,700	56,900	-53,700	-32,300	-28,500	-19,600	-32,400	-38,400	-84,700	42,400	-6,800	37,900	-38,700	-19,200	-81,200	22,200	-34,500	-53,600	-20,800	-95,097	-37,997	-75,955	-51,051	-132,031	3,668	-1,708	-54,353	102,153	3,583	41,816	52,438	-54,674	-33,793	32,730	4,410
Financing activities
Acquisition of common stock
42,500	19,700	4,700	16,500	26,600	3,900	0	300	0	-	-	-	-	2,500	11,700	5,900	1,000	0	0	0	0	-	-	-	-	-	-	-	-	410	4,063	18,592	18,730	51,255	19,660	12,469	8,591	13,592	28,108	17,511	4,381
Cash transactions related to stock-based compensation
1,900	-100	-500	-100	3,200	-100	-800	-200	2,900	-2,600	200	-2,700	1,300	-16,100	900	2,800	3,400	-7,900	700	2,700	-300	-100	-100	-1,800	400	-1,185	-3,743	-198	-1,374	-1,048	-70	131	148	-219	-36	-210	-554	-94	0	358	871
Dividends paid to stockholders
8,000	7,100	7,100	7,400	7,300	6,800	6,600	6,700	6,600	5,000	4,900	4,800	5,000	2,700	2,900	3,000	2,900	1,900	2,000	1,900	1,900	1,900	1,900	1,900	1,900	1,920	1,872	1,856	1,852	1,844	1,842	1,883	1,939	2,058	2,272	2,303	2,310	2,381	2,444	2,555	2,555
Payments on capital leases
100	0	100	0	100	0	100	0	100	0	100	0	100	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payments on notes payable and capital leases
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	100	-	100	200	100	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Excess tax benefits from stock-based compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	400	100	100	600	0	0	100	1,100	-386	37	179	170	0	0	0	0	-	-	-	-	-	-	-	-
Net cash used in financing activities
-52,500	-26,700	-11,400	-43,800	-37,200	-10,600	-5,900	-6,800	-9,600	-2,400	-5,200	-12,000	-6,400	-3,200	-13,700	-6,100	-600	-59,900	-1,300	700	-1,700	-13,100	-1,800	0	-1,200	-12,721	1,908	-1,479	-308	-11,206	-5,835	-20,606	-20,817	-63,094	-21,896	-14,562	-10,347	-15,953	-30,478	-20,424	-7,807
Net increase in cash, cash equivalents and restricted cash
19,200	14,600	34,800	11,000	-7,200	-103,000	57,700	90,100	-17,100	3,800	27,500	-19,700	-8,100	-15,800	-44,100	57,400	14,200	400	-8,700	19,300	-58,000	44,600	22,000	-14,100	16,600	-65,362	2,763	-33,829	-9,772	-102,581	34,451	7,236	-50,745	45,466	4,952	34,651	47,406	-19,247	-48,909	428	-1,280