Emc insurance group inc. (EMCI)
CashFlow / Quarterly
Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11
CASH FLOWS FROM OPERATING ACTIVITIES
Net Income (Loss) Attributable to Parent

1,285

33,531

-21,545

19,148

-4,995

-76

26,184

746

5,504

6,804

21,292

4,129

6,128

14,654

9,895

11,189

8,748

20,330

16,154

2,229

1,014

10,595

15,834

7,199

6,212

14,273

12,997

8,321

-2,576

19,223

9,999

-5,574

-12,902

5,739

Adjustments to Reconcile Net Income (Loss) to Cash Provided by (Used in) Operating Activities [Abstract]
Losses and settlement expenses (affiliated $2,772 and $6,427)

18,313

3,203

15,609

4,712

19,814

4,443

6,151

16,970

14,362

4,597

-10,033

9,727

9,259

2,805

-5,156

12,344

14,301

-4,024

-3,971

13,396

24,535

17,168

5,533

8,304

11,756

1,490

-12,457

874

7,766

-6,386

-8,024

5,846

28,056

11,281

Unearned premiums (affiliated $4,063 and $1,558)

1,246

2,616

-24,472

26,483

7,429

1,274

-24,646

26,081

9,882

1,595

-28,015

24,452

8,839

174

-24,251

21,669

7,546

2,378

-21,015

25,553

4,942

1,986

-16,278

27,046

10,553

3,091

-16,174

28,718

6,818

-3,837

-15,364

21,644

6,591

-78

Other policyholders' funds due to affiliate

-176

-481

-338

1,118

-1,559

-427

166

-2,618

-1,153

550

1,259

222

562

2,304

128

-7

-2,509

956

1,612

-164

234

-20

146

1,609

723

-43

-548

1,056

662

-177

-798

-998

-1,714

257

Amounts due to/from affiliate to settle inter-company transaction balances

17,201

-6,751

2,913

-8,655

374

-153

4,577

-9,036

5,739

-12,135

7,197

-5,817

17,151

-13,717

-939

6,220

8,721

-16,153

12,741

-9,349

12,559

-16,482

21,343

-12,087

-366

-16,151

24,966

-13,714

1,877

-15,036

-2,317

10,801

2,056

-7,887

Net pension and postretirement benefits due from affiliate

-98

-392

-502

-1,100

-2,280

-827

-2,145

-59

-67

-512

-2,728

58

-25

-350

-325

-1,524

-326

-516

-2,762

-620

-570

-809

-2,895

1,431

1,453

1,278

-2,989

1,838

1,486

2,002

-5,756

1,160

760

1,266

Reinsurance receivables due from affiliate

-297

-1,594

3,913

1,519

653

-374

5,571

4,916

-334

171

-1,264

-362

1,610

-2,894

-1,163

-534

-1,371

-1,299

-3,088

-3,354

4,021

696

2,505

-2,166

1,222

-2,735

-1,946

-1,506

-1,915

129

-3,039

6,295

3,392

2,612

Prepaid reinsurance premiums due from affiliate

3,188

-1,259

-3,681

-1,906

2,775

-1,188

-2,970

832

4,583

1,035

-2,279

417

4,091

517

-1,075

1,156

-616

-1,767

-1,004

1,073

-270

-651

181

2,129

609

1,601

-959

300

-1,276

-2,246

-1,022

1,188

418

-736

Commissions payable (affiliated $(9,154) and $(7,893))

-3,205

9,153

-4,042

-2,945

-2,751

7,817

-3,221

-2,586

-2,366

7,270

-2,046

-2,729

-1,832

8,304

-4,043

-2,623

-2,671

6,072

-2,379

-1,929

-1,800

6,516

-3,094

-2,660

-1,769

5,297

-1,931

-2,388

-1,769

3,502

-1,233

-552

1,669

5,347

Interest payable to affiliate

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

225

225

-675

-

225

225

-675

Deferred policy acquisition costs (affiliated $(2,982) and $(1,819))

-403

2,662

-2,893

3,792

969

1,778

-2,996

3,066

1,128

-1,023

-3,681

3,069

1,089

-258

-3,990

2,306

1,276

1,785

-2,911

2,948

788

726

-2,099

3,262

2,372

-168

-2,308

4,649

1,039

195

-2,347

2,630

989

896

Stock-based compensation payable to affiliate

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

45

77

-

39

41

70

Accrued investment income

-1,319

1,245

-1,246

1,290

-1,192

330

-677

1,062

-1,230

1,081

-1,093

1,573

-1,369

1,150

-927

1,107

-794

1,108

-643

746

-370

578

-363

314

-84

179

-609

513

-423

201

-546

463

-1,247

661

Current income tax

-5,612

4,232

-5,166

3,585

-6,867

1,207

4,394

-3,307

-4,584

1,682

6,621

-1,598

-4,128

7,617

934

-6,556

-4,723

8,702

4,431

-1,342

-7,045

2,532

1,178

3,573

-7,033

5,494

2,945

2,852

-5,333

7,614

947

-1,292

-8,585

1,616

Deferred Income Tax Expense (Benefit)

-1,184

4,495

-6,621

1,712

584

-1,658

-7,683

1,011

-344

-410

1,283

-530

-415

-1,395

1,011

1,651

-181

402

3,279

1,106

-942

192

2,042

-1,510

-865

740

2,454

-423

-1,018

1,059

3,494

-1,523

-202

-203

Gain (Loss) on Investments

4,258

22,643

-41,134

11,135

-5,860

-5,393

4,390

-594

3,387

-627

4,717

-1,192

1,634

-1,085

-5,402

7,498

3,274

783

1,134

-390

2,343

1,262

5,146

1,007

175

2,668

413

-176

-1,138

8,918

2,866

-3,521

1,700

8,258

Accounts receivable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-441

511

-

125

198

-688

Other, net (affiliated $(785) and $(727))

-2,741

-3,267

-2,113

-3,621

-1,594

-2,644

-1,878

-4,635

-1,964

-1,997

-5,770

-1,541

-5,700

472

-4,675

-1,520

-7,281

-291

-5,236

251

-3,592

3,887

-4,776

-3,961

-1,550

5,002

-3,279

533

-1,261

4,568

-1,868

471

2,338

444

Amortization of premium/discount on fixed maturity securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

199

-

90

227

263

Total adjustments to reconcile net income (loss) to net cash provided by operating activities

30,209

-22,661

32,619

18,591

24,495

3,533

-17,405

26,981

20,631

-10,543

-13,000

27,279

31,720

-8,768

-7,323

26,407

31,012

-14,646

8,442

29,235

32,593

-8,447

14,170

29,842

15,246

-15,945

9,044

19,854

19,511

-31,338

-20,336

28,709

17,542

-11,412

Net cash provided by operating activities

31,494

10,870

11,074

37,739

19,500

3,457

8,779

27,727

26,135

-3,739

8,292

31,408

37,848

5,886

2,572

37,596

39,760

5,684

24,596

31,464

33,607

2,148

30,004

37,042

21,458

-1,672

22,042

28,175

16,934

-12,114

-10,336

23,134

4,640

-5,672

CASH FLOWS FROM INVESTING ACTIVITIES
Maturities of fixed maturity securities held-to-maturity

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5

12

5

Purchases of fixed maturity securities available-for-sale

58,497

10,311

248,416

71,965

123,587

53,019

136,105

72,879

62,239

39,461

64,475

158,188

137,308

43,163

50,134

68,774

49,406

66,928

72,602

50,124

72,665

14,494

65,174

41,187

121,161

36,655

62,245

85,562

60,101

38,581

48,923

70,962

54,217

36,022

Disposals of fixed maturity securities available-for-sale

32,548

25,955

226,743

51,768

115,310

51,447

114,163

39,701

40,749

41,013

47,452

104,333

124,185

54,269

56,458

41,096

16,298

61,119

34,143

33,743

41,840

22,216

16,450

40,853

71,068

47,292

48,089

45,027

52,254

81,300

37,376

53,193

68,156

62,148

Purchases of equity investments

23,482

18,333

32,579

20,302

17,113

20,143

19,071

15,009

11,369

17,490

18,051

12,618

11,730

21,284

17,068

31,301

17,460

17,269

14,495

9,166

13,829

12,664

7,205

10,138

9,031

14,205

8,941

12,333

57,752

5,735

43,693

16,236

14,903

29,545

Disposals of equity investments

21,407

15,169

27,440

17,458

15,426

19,168

33,661

13,497

23,964

12,134

30,581

11,738

13,318

15,469

16,494

23,595

15,106

15,710

14,662

7,447

13,306

10,283

16,987

6,564

10,428

13,499

7,822

10,771

15,530

36,884

43,945

10,693

14,374

29,034

Purchases of other long-term investments

469

0

6,629

1,898

900

4,507

2,551

1,147

4,997

6,087

2,800

0

4,900

1,020

658

1,657

960

5,141

606

1,470

1,170

4,367

1,153

466

178

0

-

-

-

-

-

-

-

-

Disposals of other long-term investments

575

77

4,395

1,004

55

2,305

2,129

447

492

365

91

282

0

198

339

1,657

213

88

186

135

209

0

91

1

2

151

1

1

1

1

3

3

3

3

Net (purchases) disposals of short-term investments

-1,408

20,061

-5,513

10,270

1,783

-1,949

-1,642

-10,880

10,605

-14,140

-2,941

-25,274

19,438

9,848

5,801

40

-14,475

-6,029

-16,729

10,192

-518

4,151

-8,366

30,649

-27,025

7,528

3,377

-16,253

-35,475

59,141

-23,628

-4,115

15,927

17,829

Net receipts under reverse repurchase agreements

-

0

-

-

-

2,500

0

0

0

3,500

-3,150

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used in investing activities

-26,510

-7,504

-7,033

-34,205

-15,092

-300

-6,132

-24,510

-24,005

8,114

-7,411

-29,179

-35,873

-5,379

-370

-35,424

-38,584

-6,392

-21,983

-29,627

-31,791

-3,177

-31,637

-35,022

-21,847

2,554

-19,507

-25,841

-14,592

14,728

12,701

-19,187

-2,500

7,794

CASH FLOWS FROM FINANCING ACTIVITIES
Issuance of common stock through affiliate’s stock plans

40

2,151

948

1,239

841

2,398

1,974

1,424

2,176

1,953

3,455

1,353

1,985

4,277

1,340

1,519

2,136

4,083

745

1,040

1,243

4,364

4,267

824

3,171

1,945

385

75

97

133

99

119

188

567

Excess tax benefit associated with affiliates stock plans

-

-

-

-

-

-

-

-

-

-

-

-

-

-

12

12

37

34

4

24

17

58

44

7

27

17

-0

-0

-1

-1

0

-0

0

7

Repurchase of common stock

0

643

0

0

653

802

0

100

0

1,758

0

0

0

383

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Dividends paid to stockholders (affiliated $(2,708) and $(2,590))

4,980

4,979

4,954

4,730

4,719

4,718

4,676

4,454

4,440

4,428

4,379

3,950

3,939

3,928

3,900

3,482

3,404

3,388

3,360

3,088

3,076

3,064

3,040

2,757

2,749

2,728

2,707

2,578

2,576

2,576

2,574

2,444

2,462

2,460

Net cash used in financing activities

-4,940

-3,471

-4,006

-3,491

-4,531

-3,122

-2,702

-3,130

-2,264

-4,233

-924

-2,597

-1,954

-34

-2,548

-1,951

-1,231

729

-2,611

-2,024

-1,816

1,358

1,271

-1,925

449

-766

-2,322

-2,502

-2,480

-2,444

-2,474

-3,858

-2,591

-1,885

NET INCREASE (DECREASE) IN CASH

44

-105

35

43

-123

35

-55

87

-134

142

-43

-368

21

473

-346

221

-55

21

2

-187

0

329

-361

94

60

116

212

-168

-137

169

-110

88

-451

236