EMPLOYERS HOLDINGS, INC. EIG Cash Flow

Employers holdings, inc. (EIG)

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	Dec'10	Sep'10	Jun'10	Mar'10
Operating activities
Net Income (Loss) Attributable to Parent
70,400	157,100	151,000	165,800	167,500	141,300	147,000	121,300	103,600	101,200	105,400	106,100	108,100	106,700	97,900	99,800	102,200	94,400	96,800	87,500	103,900	100,700	85,737	98,122	67,110	63,800	137,432	117,613	108,041	106,891	39,366	43,383	46,618	48,623	48,528	46,799	55,047	62,799	0	0	0
Adjustments to reconcile net (loss) income to net cash provided by operating activities:
Depreciation and amortization
9,900	9,000	7,700	6,200	5,500	6,300	7,100	7,800	8,100	8,200	8,300	8,400	8,400	8,500	8,800	9,000	8,800	8,300	7,700	7,100	6,900	7,000	6,976	6,800	6,507	6,100	5,732	5,614	5,580	5,601	5,720	5,788	5,961	6,388	6,482	6,621	6,957	7,098	0	0	0
Stock-based compensation
10,100	10,100	10,300	9,700	9,700	9,400	8,800	7,500	7,000	6,800	5,400	5,700	5,900	5,800	5,700	5,100	4,600	4,600	4,900	5,200	6,200	6,000	4,085	4,931	5,090	5,600	8,014	7,768	7,010	6,141	4,946	4,528	4,343	3,742	3,809	3,859	3,828	4,053	0	0	0
Amortization of cloud computing arrangements
5,900	5,300	3,800	2,100	1,000	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of premium on investments, net
-10,000	-8,700	-9,100	-8,200	-7,900	-8,400	-9,500	-11,200	-13,100	-14,300	-14,400	-14,700	-14,500	-14,600	-14,700	-14,100	-13,300	-12,800	-12,300	-11,600	-11,300	-10,600	-10,226	-9,790	-9,480	-9,000	-8,251	-7,929	-7,506	-7,019	-6,793	-6,705	-6,758	-7,242	-7,658	-6,892	-6,709	-6,105	0	0	0
Allowance for expected credit losses
-1,400	-2,100	-2,200	-900	-4,300	-3,300	-2,000	-2,400	600	200	-800	0	-200	-2,400	-900	-400	500	4,300	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-3,243	-3,753	-4,575	-3,611	0	0	0
Deferred income tax expense
-23,600	-6,000	-32,300	-24,300	-22,100	-14,400	-9,100	-13,400	-15,500	-24,200	12,800	13,800	14,700	13,400	-1,600	-3,700	-5,700	-5,600	3,300	2,900	2,300	-500	-4,618	-7,942	-10,646	-10,800	-6,450	-5,882	-7,004	-10,999	-6,883	-7,097	-5,360	-1,608	-5,121	-1,854	-787	4,680	0	0	0
Net realized and unrealized losses (gains) on investments
-33,300	51,100	7,000	20,000	18,200	-13,100	13,200	1,700	-2,800	7,400	9,500	7,000	11,900	11,200	-6,700	-6,300	-10,400	-10,700	7,200	7,000	14,200	16,300	17,965	17,240	12,006	9,500	6,222	6,985	4,064	5,048	22,739	21,548	21,705	20,161	11,220	10,581	9,831	10,137	0	0	0
Excess tax benefits from stock-based compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,200	800	700	700	1,200	814	851	1,270	0	386	349	-170	0	0	0	0	-	-	-	-	-	-	-	-
Other
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-
Realized losses (gains) on retirement of assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-296	-435	-425	-420	0	0	0
Change in operating assets and liabilities:
Accrued investment income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-1,024	-579	-102	-33	0	0	0
Premiums receivable
-62,300	-49,500	-40,200	-13,900	-1,600	3,100	19,200	20,200	26,800	22,200	13,600	2,700	8,500	1,200	9,800	15,400	19,400	9,600	-4,900	-4,200	4,200	17,600	32,632	37,109	42,118	57,200	58,892	69,294	66,928	62,979	70,523	66,233	55,336	48,399	44,246	37,938	12,945	-12,265	0	0	0
Reinsurance recoverable on paid and unpaid losses
-19,900	-20,400	-34,500	-29,400	-32,600	-33,100	-41,200	-48,100	-43,000	-44,500	-38,900	-37,900	-48,300	-47,200	-42,400	-42,300	-41,600	-44,300	-56,300	-59,900	-73,200	-71,300	-90,735	-102,754	-63,994	-63,800	-133,388	-119,094	-132,421	-136,716	-16,115	-17,673	-18,971	-18,889	-70,828	-98,742	-97,135	-95,720	0	0	0
Cloud computing arrangements
-17,300	-12,900	-12,400	-31,600	-26,100	-26,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating lease right-of-use-assets
1,900	-15,900	-15,000	-15,700	-16,800	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Funds held by or deposited with reinsureds
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-77,677	-77,548	-78,352	-78,638	0	0	0
Current federal income taxes
-10,800	-7,400	5,700	6,200	23,000	8,600	-400	-2,900	-13,900	-2,700	-500	-700	6,800	7,700	-3,100	-2,400	1,800	-3,900	4,300	3,200	3,500	6,500	1,625	-3,248	-3,155	-3,700	-2,879	2,072	-66	100	8,321	5,275	4,073	2,055	1,192	2,097	5,374	44	0	0	0
Unpaid losses and loss adjustment expenses
-45,900	-63,400	-84,700	-66,100	-68,800	-58,200	-65,200	-57,000	-40,100	-34,900	-31,100	-47,400	-43,700	-46,500	-27,900	-22,200	-28,400	-22,200	-11,200	-30,100	-10,900	-39,200	-65,033	-63,579	-99,941	-99,000	-883	-9,472	13,123	40,823	-55,160	-26,258	-3,683	7,366	76,567	103,831	126,188	145,929	0	0	0
Unearned premiums
-15,100	800	4,300	9,900	17,000	18,000	24,900	19,100	21,100	8,000	5,500	5,000	7,100	1,400	-1,500	-5,300	-900	-1,900	-8,800	1,700	3,900	6,800	16,866	21,914	31,332	38,800	48,140	59,956	63,619	70,216	76,625	72,733	58,127	45,448	40,698	30,386	8,682	-9,092	0	0	0
Accounts payable, accrued expenses and other liabilities
1,300	-7,500	3,300	2,200	7,700	19,100	6,600	4,100	-3,200	-7,000	-7,800	-2,100	-3,300	-4,200	0	-8,900	6,000	8,600	6,500	12,100	14,800	12,800	4,299	-4,589	-5,978	1,800	7,203	10,355	1,624	2,132	-14,494	-856	-1,226	-5,645	538	-4,837	-8,520	-10,455	0	0	0
Deferred reinsurance gain—LPT Agreement
12,400	12,500	12,700	13,000	13,900	14,000	14,300	14,200	10,900	11,300	11,400	11,800	14,500	14,600	14,600	14,400	17,700	17,500	26,300	28,000	41,100	42,100	41,959	51,140	32,323	32,000	93,860	83,504	84,159	84,920	15,953	16,931	17,255	17,436	17,703	18,292	18,402	18,233	0	0	0
Contingent commission receivable—LPT Agreement
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-2,800	-6,100	5,200	-1,100	-1,300	-1,753	-13,493	-6,015	-6,000	-14,811	-16,224	-15,176	-15,014	0	0	0	-	-	-	-	-	-	-	-
Operating lease liabilities
-2,200	17,800	17,100	17,800	19,000	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non-cancellable obligations
-3,900	-4,200	-2,200	-17,500	-14,700	-16,100	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other
12,500	11,800	10,800	9,800	11,700	3,000	-5,100	-20,000	-12,400	-12,300	-6,300	-3,000	-300	2,400	-4,800	5,000	500	6,900	9,700	11,100	20,500	10,500	6,478	12,521	6,608	2,400	1,124	-4,597	-13,150	-16,082	-24,630	-20,495	-20,510	-15,518	1,063	1,208	8,974	5,207	0	0	0
Net cash provided by operating activities
118,500	123,100	159,700	136,300	154,100	180,200	171,600	185,900	157,800	142,300	129,600	122,700	131,900	122,800	119,400	96,400	113,100	116,400	129,500	156,500	158,200	171,900	178,856	159,408	163,513	166,500	164,700	162,466	148,411	131,249	97,000	83,647	61,494	42,384	87,357	79,454	60,179	56,981	0	0	0
Investing activities
Purchases of fixed maturity securities
491,900	359,000	413,900	452,400	500,200	636,700	661,500	748,300	685,900	592,300	545,300	472,500	502,600	466,800	436,500	416,700	411,400	476,900	449,900	418,700	451,500	378,000	467,557	518,211	518,583	514,200	523,547	474,054	425,900	444,001	365,532	337,971	301,923	217,630	221,455	272,043	261,325	273,833	0	0	0
Purchases of equity securities
314,000	240,800	267,800	93,800	88,600	79,300	54,200	46,000	38,000	36,800	24,100	24,900	22,100	49,100	46,200	54,300	109,700	85,100	86,600	81,000	29,700	29,500	29,042	26,510	32,972	30,500	24,701	25,866	17,864	30,979	45,102	42,287	38,469	21,080	21,533	19,314	18,272	17,673	0	0	0
Purchases of short-term investments
76,100	0	24,800	24,800	24,900	59,700	34,900	35,000	35,200	8,200	10,200	18,100	17,900	10,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchases of other invested assets
31,100	28,400	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from sale of fixed maturity securities
332,000	163,000	182,300	130,700	122,300	204,800	237,800	375,200	356,200	249,800	202,500	63,700	117,300	132,400	130,100	166,400	147,800	105,400	92,700	60,600	12,800	47,900	61,994	89,794	87,600	52,500	37,372	16,611	37,053	50,465	183,045	173,213	226,959	235,646	123,200	139,062	103,587	102,659	0	0	0
Proceeds from sale of equity securities
310,200	232,400	92,900	61,400	68,500	70,700	84,700	53,800	46,300	41,200	24,800	26,200	59,900	80,400	83,500	84,000	52,800	34,700	30,300	31,500	36,800	36,500	36,034	33,643	33,316	30,700	24,879	26,053	18,011	16,147	15,290	12,516	8,570	6,246	21,676	19,366	18,281	17,753	0	0	0
Proceeds from maturities and redemptions of fixed maturity securities
330,900	309,900	347,800	291,400	316,100	329,400	351,100	306,600	231,300	215,700	244,800	235,500	232,400	230,600	255,000	259,500	300,300	323,900	306,800	306,700	293,800	251,100	216,682	221,174	209,507	206,800	194,666	204,054	205,697	227,888	267,099	251,152	202,876	190,449	134,141	129,317	152,775	123,672	0	0	0
Proceeds from maturities of short-term investments
66,900	25,000	25,100	25,100	60,000	39,000	40,400	40,500	15,700	20,200	18,700	18,600	8,500	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net change in unsettled investment purchases and sales
-6,100	-24,700	-6,900	-7,500	2,900	22,400	32,200	8,000	-16,900	5,800	-21,400	5,000	18,000	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Capital expenditures and other
9,200	12,100	15,000	8,400	12,100	10,200	8,000	12,400	7,600	8,200	8,900	8,500	8,300	5,000	8,000	8,300	10,800	11,500	9,400	13,700	9,900	10,500	7,948	4,194	5,145	5,000	5,491	4,996	4,333	5,116	6,273	5,410	5,962	4,687	3,812	2,847	2,004	1,905	0	0	0
Proceeds from sale of fixed assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	687	800	404	290	297	226	503	471	438	396	0	0	0	-	-	-	-
Change in restricted cash and cash equivalents
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-400	-4,200	-4,200	-8,300	-17,700	-1,900	-600	4,200	14,675	3,851	4,259	1,200	616	-2,539	-5,917	-946	-730	2,009	-710	-10,650	0	0	0	-	-	-	-
Restricted cash and cash equivalents provided by (used in) investing activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Net cash provided by investing activities
95,500	49,200	-121,100	-80,300	-56,000	-119,600	-12,400	-57,600	-134,100	-112,800	-118,900	-175,100	-113,100	-87,500	-11,200	34,800	-26,800	-101,200	-116,900	-112,700	-147,100	-86,700	-203,997	-207,494	-229,849	-260,100	-297,034	-255,369	-181,122	-184,424	49,760	49,675	93,199	199,990	43,163	5,787	-3,299	-51,327	0	0	0
Financing activities
Acquisition of common stock
83,400	67,500	51,700	47,000	30,800	4,200	0	0	0	-	-	-	-	21,100	18,600	6,900	1,000	0	0	0	0	-	-	-	-	-	-	-	-	41,795	92,640	108,237	102,114	91,975	54,312	62,760	67,802	63,592	0	0	0
Cash transactions related to stock-based compensation
1,200	2,500	2,500	2,200	2,100	1,800	-700	300	-2,200	-3,800	-17,300	-16,600	-11,100	-9,000	-800	-1,000	-1,100	-4,800	3,000	2,200	-2,300	-1,600	-2,685	-6,328	-4,726	-6,500	-6,363	-2,690	-2,361	-839	-10	24	-317	-1,019	-894	-858	-290	1,135	0	0	0
Dividends paid to stockholders
29,600	28,900	28,600	28,100	27,400	26,700	24,900	23,200	21,300	19,700	17,400	15,400	13,600	11,500	10,700	9,800	8,700	7,700	7,700	7,600	7,600	7,600	7,620	7,592	7,548	7,500	7,424	7,394	7,421	7,508	7,722	8,152	8,572	8,943	9,266	9,438	9,690	9,935	0	0	0
Payments on capital leases
200	200	200	200	200	200	200	200	200	200	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payments on notes payable and capital leases
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Excess tax benefits from stock-based compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,200	800	700	700	1,200	814	851	930	0	386	349	170	0	0	0	0	-	-	-	-	-	-	-	-
Net cash used in financing activities
-134,400	-119,100	-103,000	-97,500	-60,500	-32,900	-24,700	-24,000	-29,200	-26,000	-26,800	-35,300	-29,400	-23,600	-80,300	-67,900	-61,100	-62,200	-15,400	-15,900	-16,600	-16,100	-15,721	-12,013	-13,492	-12,600	-11,085	-18,828	-37,955	-58,464	-110,352	-126,413	-120,369	-109,899	-62,758	-71,340	-77,202	-74,662	0	0	0
Net increase in cash, cash equivalents and restricted cash
79,600	53,200	-64,400	-41,500	37,600	27,700	134,500	104,300	-5,500	3,500	-16,100	-87,700	-10,600	11,700	27,900	63,300	25,200	-47,000	-2,800	27,900	-5,500	69,100	-40,862	-60,099	-79,828	-106,200	-143,419	-111,731	-70,666	-111,639	36,408	6,909	34,324	132,475	67,762	13,901	-20,322	-69,008	0	0	0