Emc Insurance Group (EMCI) quarterly cash flow statement covering the six quarters from March 2018 to June 2019, as reported to the SEC.
A cash flow statement shows the cash that actually came in and went out, split between running the business, investing and financing.
| Jun'19 | Mar'19 | Dec'18 | Sep'18 | Jun'18 | Mar'18 | ||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
CASH FLOWS FROM OPERATING ACTIVITIES | |||||||||||||||||||||
Net Income (Loss) Attributable to Parent | |||||||||||||||||||||
1,285 | 33,531 | -21,545 | 19,148 | -4,995 | -76 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Net Income (Loss) Attributable to Parent | 1,285 | 33,531 | -21,545 | 19,148 | -4,995 | -76 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
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 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Losses and settlement expenses (affiliated $2,772 and $6,427) | 18,313 | 3,203 | 15,609 | 4,712 | 19,814 | 4,443 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Unearned premiums (affiliated $4,063 and $1,558) | |||||||||||||||||||||
1,246 | 2,616 | -24,472 | 26,483 | 7,429 | 1,274 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Unearned premiums (affiliated $4,063 and $1,558) | 1,246 | 2,616 | -24,472 | 26,483 | 7,429 | 1,274 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Other policyholders' funds due to affiliate | |||||||||||||||||||||
-176 | -481 | -338 | 1,118 | -1,559 | -427 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Other policyholders' funds due to affiliate | -176 | -481 | -338 | 1,118 | -1,559 | -427 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Amounts due to/from affiliate to settle inter-company transaction balances | |||||||||||||||||||||
17,201 | -6,751 | 2,913 | -8,655 | 374 | -153 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Amounts due to/from affiliate to settle inter-company transaction balances | 17,201 | -6,751 | 2,913 | -8,655 | 374 | -153 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Net pension and postretirement benefits due from affiliate | |||||||||||||||||||||
-98 | -392 | -502 | -1,100 | -2,280 | -827 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Net pension and postretirement benefits due from affiliate | -98 | -392 | -502 | -1,100 | -2,280 | -827 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Reinsurance receivables due from affiliate | |||||||||||||||||||||
-297 | -1,594 | 3,913 | 1,519 | 653 | -374 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Reinsurance receivables due from affiliate | -297 | -1,594 | 3,913 | 1,519 | 653 | -374 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Prepaid reinsurance premiums due from affiliate | |||||||||||||||||||||
3,188 | -1,259 | -3,681 | -1,906 | 2,775 | -1,188 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Prepaid reinsurance premiums due from affiliate | 3,188 | -1,259 | -3,681 | -1,906 | 2,775 | -1,188 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Commissions payable (affiliated $(9,154) and $(7,893)) | |||||||||||||||||||||
-3,205 | 9,153 | -4,042 | -2,945 | -2,751 | 7,817 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Commissions payable (affiliated $(9,154) and $(7,893)) | -3,205 | 9,153 | -4,042 | -2,945 | -2,751 | 7,817 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Interest payable to affiliate | |||||||||||||||||||||
- | - | - | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Interest payable to affiliate | - | - | - | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Deferred policy acquisition costs (affiliated $(2,982) and $(1,819)) | |||||||||||||||||||||
-403 | 2,662 | -2,893 | 3,792 | 969 | 1,778 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Deferred policy acquisition costs (affiliated $(2,982) and $(1,819)) | -403 | 2,662 | -2,893 | 3,792 | 969 | 1,778 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Stock-based compensation payable to affiliate | |||||||||||||||||||||
- | - | - | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Stock-based compensation payable to affiliate | - | - | - | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Accrued investment income | |||||||||||||||||||||
-1,319 | 1,245 | -1,246 | 1,290 | -1,192 | 330 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Accrued investment income | -1,319 | 1,245 | -1,246 | 1,290 | -1,192 | 330 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Current income tax | |||||||||||||||||||||
-5,612 | 4,232 | -5,166 | 3,585 | -6,867 | 1,207 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Current income tax | -5,612 | 4,232 | -5,166 | 3,585 | -6,867 | 1,207 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Deferred Income Tax Expense (Benefit) | |||||||||||||||||||||
-1,184 | 4,495 | -6,621 | 1,712 | 584 | -1,658 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Deferred Income Tax Expense (Benefit) | -1,184 | 4,495 | -6,621 | 1,712 | 584 | -1,658 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Gain (Loss) on Investments | |||||||||||||||||||||
4,258 | 22,643 | -41,134 | 11,135 | -5,860 | -5,393 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Gain (Loss) on Investments | 4,258 | 22,643 | -41,134 | 11,135 | -5,860 | -5,393 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Accounts receivable | |||||||||||||||||||||
- | - | - | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Accounts receivable | - | - | - | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Other, net (affiliated $(785) and $(727)) | |||||||||||||||||||||
-2,741 | -3,267 | -2,113 | -3,621 | -1,594 | -2,644 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Other, net (affiliated $(785) and $(727)) | -2,741 | -3,267 | -2,113 | -3,621 | -1,594 | -2,644 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Amortization of premium/discount on fixed maturity securities | |||||||||||||||||||||
- | - | - | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Amortization of premium/discount on fixed maturity securities | - | - | - | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
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 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
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 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Net cash provided by operating activities | |||||||||||||||||||||
31,494 | 10,870 | 11,074 | 37,739 | 19,500 | 3,457 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Net cash provided by operating activities | 31,494 | 10,870 | 11,074 | 37,739 | 19,500 | 3,457 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
CASH FLOWS FROM INVESTING ACTIVITIES | |||||||||||||||||||||
Maturities of fixed maturity securities held-to-maturity | |||||||||||||||||||||
- | - | - | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Maturities of fixed maturity securities held-to-maturity | - | - | - | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Purchases of fixed maturity securities available-for-sale | |||||||||||||||||||||
58,497 | 10,311 | 248,416 | 71,965 | 123,587 | 53,019 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Purchases of fixed maturity securities available-for-sale | 58,497 | 10,311 | 248,416 | 71,965 | 123,587 | 53,019 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Disposals of fixed maturity securities available-for-sale | |||||||||||||||||||||
32,548 | 25,955 | 226,743 | 51,768 | 115,310 | 51,447 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Disposals of fixed maturity securities available-for-sale | 32,548 | 25,955 | 226,743 | 51,768 | 115,310 | 51,447 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Purchases of equity investments | |||||||||||||||||||||
23,482 | 18,333 | 32,579 | 20,302 | 17,113 | 20,143 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Purchases of equity investments | 23,482 | 18,333 | 32,579 | 20,302 | 17,113 | 20,143 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Disposals of equity investments | |||||||||||||||||||||
21,407 | 15,169 | 27,440 | 17,458 | 15,426 | 19,168 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Disposals of equity investments | 21,407 | 15,169 | 27,440 | 17,458 | 15,426 | 19,168 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Purchases of other long-term investments | |||||||||||||||||||||
469 | - | 6,629 | 1,898 | 900 | 4,507 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Purchases of other long-term investments | 469 | - | 6,629 | 1,898 | 900 | 4,507 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Disposals of other long-term investments | |||||||||||||||||||||
575 | 77 | 4,395 | 1,004 | 55 | 2,305 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Disposals of other long-term investments | 575 | 77 | 4,395 | 1,004 | 55 | 2,305 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Net (purchases) disposals of short-term investments | |||||||||||||||||||||
-1,408 | 20,061 | -5,513 | 10,270 | 1,783 | -1,949 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Net (purchases) disposals of short-term investments | -1,408 | 20,061 | -5,513 | 10,270 | 1,783 | -1,949 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Net receipts under reverse repurchase agreements | |||||||||||||||||||||
- | - | - | - | - | 2,500 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Net receipts under reverse repurchase agreements | - | - | - | - | - | 2,500 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Net cash used in investing activities | |||||||||||||||||||||
-26,510 | -7,504 | -7,033 | -34,205 | -15,092 | -300 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Net cash used in investing activities | -26,510 | -7,504 | -7,033 | -34,205 | -15,092 | -300 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
CASH FLOWS FROM FINANCING ACTIVITIES | |||||||||||||||||||||
Issuance of common stock through affiliate’s stock plans | |||||||||||||||||||||
40 | 2,151 | 948 | 1,239 | 841 | 2,398 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Issuance of common stock through affiliate’s stock plans | 40 | 2,151 | 948 | 1,239 | 841 | 2,398 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Excess tax benefit associated with affiliates stock plans | |||||||||||||||||||||
- | - | - | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Excess tax benefit associated with affiliates stock plans | - | - | - | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Repurchase of common stock | |||||||||||||||||||||
- | 643 | - | - | 653 | 802 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Repurchase of common stock | - | 643 | - | - | 653 | 802 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Dividends paid to stockholders (affiliated $(2,708) and $(2,590)) | |||||||||||||||||||||
4,980 | 4,979 | 4,954 | 4,730 | 4,719 | 4,718 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Dividends paid to stockholders (affiliated $(2,708) and $(2,590)) | 4,980 | 4,979 | 4,954 | 4,730 | 4,719 | 4,718 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Net cash used in financing activities | |||||||||||||||||||||
-4,940 | -3,471 | -4,006 | -3,491 | -4,531 | -3,122 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Net cash used in financing activities | -4,940 | -3,471 | -4,006 | -3,491 | -4,531 | -3,122 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
NET INCREASE (DECREASE) IN CASH | |||||||||||||||||||||
44 | -105 | 35 | 43 | -123 | 35 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
NET INCREASE (DECREASE) IN CASH | 44 | -105 | 35 | 43 | -123 | 35 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||