Emc insurance group inc. (EMCI)
CashFlow / TTM
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

32,419

26,139

-7,468

40,261

21,859

32,358

39,238

34,346

37,729

38,353

46,203

34,806

41,866

44,486

50,162

56,421

47,461

39,727

29,992

29,672

34,643

39,841

43,519

40,681

41,803

33,015

37,966

34,967

21,072

10,746

-2,737

0

0

0

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)

41,837

43,338

44,578

35,120

47,378

41,926

42,080

25,896

18,653

13,550

11,758

16,635

19,252

24,294

17,465

18,650

19,702

29,936

51,128

60,632

55,541

42,762

27,084

9,093

1,663

-2,326

-10,203

-5,770

-799

19,491

37,159

0

0

0

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

5,873

12,056

10,714

10,540

10,138

12,591

12,912

9,543

7,914

6,871

5,450

9,214

6,431

5,138

7,342

10,578

14,462

11,858

11,466

16,202

17,696

23,307

24,412

24,516

26,188

22,454

15,526

16,336

9,261

9,034

12,793

0

0

0

Other policyholders' funds due to affiliate

123

-1,260

-1,206

-702

-4,438

-4,032

-3,055

-1,962

878

2,593

4,347

3,216

2,987

-84

-1,432

52

-105

2,638

1,662

196

1,970

2,459

2,436

1,741

1,188

1,128

994

743

-1,312

-3,688

-3,254

0

0

0

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

4,708

-12,119

-5,521

-3,857

-4,238

1,127

-10,855

-8,235

-5,016

6,396

4,814

-3,322

8,715

285

-2,151

11,529

-4,040

-202

-531

8,071

5,333

-7,592

-7,261

-3,638

-5,264

-3,021

-1,907

-29,190

-4,675

-4,496

2,652

0

0

0

Net pension and postretirement benefits due from affiliate

-2,092

-4,274

-4,709

-6,352

-5,311

-3,098

-2,783

-3,366

-3,249

-3,207

-3,045

-642

-2,224

-2,525

-2,691

-5,128

-4,224

-4,468

-4,761

-4,894

-2,843

-820

1,267

1,173

1,580

1,613

2,338

-429

-1,108

-1,834

-2,569

0

0

0

Reinsurance receivables due from affiliate

3,541

4,491

5,711

7,369

10,766

9,779

10,324

3,489

-1,789

155

-2,910

-2,809

-2,981

-5,962

-4,367

-6,292

-9,112

-3,720

-1,725

3,868

5,056

2,257

-1,174

-5,626

-4,965

-8,103

-5,239

-6,332

1,469

6,777

9,260

0

0

0

Prepaid reinsurance premiums due from affiliate

-3,658

-4,071

-4,000

-3,289

-551

1,257

3,480

4,171

3,756

3,264

2,746

3,950

4,689

-18

-2,302

-2,231

-2,314

-1,968

-852

333

1,390

2,269

4,521

3,380

1,550

-334

-4,182

-4,244

-3,356

-1,662

-152

0

0

0

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

-1,039

-585

-1,921

-1,100

-741

-356

-903

272

129

663

1,697

-300

-194

-1,033

-3,265

-1,601

-907

-36

408

-307

-1,039

-1,008

-2,227

-1,063

-792

-792

-2,587

-1,889

-52

3,386

5,231

0

0

0

Interest payable to affiliate

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

0

0

0

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

3,158

4,530

3,646

3,543

2,817

2,976

175

-510

-507

-546

219

-90

-853

-666

1,377

2,456

3,098

2,610

1,551

2,362

2,677

4,261

3,367

3,158

4,545

3,212

3,576

3,536

1,518

1,468

2,170

0

0

0

Stock-based compensation payable to affiliate

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

0

0

0

Accrued investment income

-30

97

-818

-249

-477

-515

236

-180

331

192

261

427

-39

536

494

778

417

841

311

590

159

445

46

-199

-0

-340

-318

-255

-305

-1,129

-669

0

0

0

Current income tax

-2,961

-4,216

-7,241

2,319

-4,573

-2,290

-1,815

412

2,121

2,577

8,512

2,825

-2,133

-2,728

-1,643

1,854

7,068

4,746

-1,424

-4,676

239

251

3,213

4,980

4,259

5,959

8,080

6,081

1,936

-1,315

-7,312

0

0

0

Deferred Income Tax Expense (Benefit)

-1,598

170

-5,983

-7,045

-7,746

-8,674

-7,426

1,540

-1

-72

-1,057

-1,329

852

1,086

2,883

5,151

4,606

3,845

3,635

2,398

-218

-141

407

819

1,906

1,753

2,073

3,112

2,012

2,827

1,564

0

0

0

Gain (Loss) on Investments

-3,098

-13,216

-41,252

4,272

-7,457

1,790

6,556

6,883

6,285

4,532

4,074

-6,045

2,645

4,285

6,153

12,689

4,801

3,870

4,349

8,361

9,759

7,591

8,997

4,263

3,080

1,766

8,017

10,470

7,124

9,963

9,303

0

0

0

Accounts receivable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

0

0

0

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

-11,742

-10,595

-9,972

-9,737

-10,751

-11,121

-10,474

-14,366

-11,272

-15,008

-12,539

-11,444

-11,423

-13,004

-13,767

-14,328

-12,557

-8,868

-4,690

-4,230

-8,443

-6,401

-5,286

-3,788

706

995

562

1,972

1,909

5,509

1,385

0

0

0

Amortization of premium/discount on fixed maturity securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

0

0

0

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

58,758

53,044

79,238

29,214

37,604

33,740

19,664

24,069

24,367

35,456

37,231

42,908

42,036

41,328

35,450

51,215

54,043

55,624

61,823

67,551

68,159

50,812

43,314

38,188

28,200

32,465

17,072

-12,309

-3,453

-5,423

14,502

0

0

0

Net cash provided by operating activities

91,177

79,183

71,770

69,475

59,463

66,098

58,902

58,415

62,096

73,809

83,434

77,714

83,902

85,814

85,612

107,636

101,504

95,351

91,815

97,223

102,802

90,653

86,833

78,870

70,003

65,480

55,038

22,658

17,618

5,323

11,765

0

0

0

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Purchases of fixed maturity securities available-for-sale

389,189

454,279

496,987

384,676

385,590

324,242

310,684

239,054

324,363

399,432

403,134

388,793

299,379

211,477

235,242

257,710

239,060

262,319

209,885

202,457

193,521

242,017

264,178

261,249

305,624

244,565

246,492

233,170

218,570

212,685

210,127

0

0

0

Disposals of fixed maturity securities available-for-sale

337,014

419,776

445,268

332,688

320,621

246,060

235,626

168,915

233,547

316,983

330,239

339,245

276,008

168,121

174,971

152,656

145,303

170,845

131,942

114,249

121,360

150,588

175,664

207,302

211,476

192,663

226,672

215,959

224,125

240,027

220,875

0

0

0

Purchases of equity investments

94,696

88,327

90,137

76,629

71,336

65,592

62,939

61,919

59,528

59,889

63,683

62,700

81,383

87,113

83,098

80,525

58,390

54,759

50,154

42,864

43,837

39,039

40,580

42,315

44,510

93,231

84,762

119,514

123,417

80,568

104,379

0

0

0

Disposals of equity investments

81,474

75,493

79,492

85,713

81,752

90,290

83,256

80,176

78,417

67,771

71,106

57,019

68,876

70,664

70,905

69,073

52,925

51,125

45,698

48,023

47,141

44,263

47,479

38,313

42,520

47,622

71,008

107,131

107,053

105,898

98,048

0

0

0

Purchases of other long-term investments

8,996

9,427

13,934

9,856

9,105

13,202

14,782

15,031

13,884

13,787

8,720

6,578

8,235

4,295

8,416

8,364

8,177

8,387

7,613

8,160

7,157

6,165

1,798

0

0

0

-

-

-

-

-

-

-

-

Disposals of other long-term investments

6,051

5,531

7,759

5,493

4,936

5,373

3,433

1,395

1,230

738

571

819

2,194

2,407

2,297

2,144

622

618

530

435

302

95

246

155

155

155

6

8

10

13

15

0

0

0

Net (purchases) disposals of short-term investments

23,410

26,601

4,591

8,462

-12,688

-3,866

-16,057

-17,356

-31,750

-22,917

1,071

9,813

35,127

1,214

-14,663

-37,193

-27,041

-13,084

-2,904

5,458

25,916

-591

2,786

14,529

-32,373

-40,823

10,790

-16,215

-4,077

47,325

6,012

0

0

0

Net receipts under reverse repurchase agreements

-

14,000

-

-

-

2,500

3,500

350

350

350

-3,150

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used in investing activities

-75,252

-63,834

-56,630

-55,729

-46,034

-54,947

-46,533

-47,812

-52,481

-64,349

-77,842

-70,801

-77,046

-79,757

-80,770

-102,383

-96,586

-89,793

-86,578

-96,232

-101,628

-91,684

-85,953

-73,822

-64,642

-57,387

-45,213

-13,004

-6,350

5,741

-1,192

0

0

0

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

4,378

5,179

5,426

6,452

6,637

7,972

7,527

9,008

8,937

8,746

11,070

8,955

9,121

9,272

9,078

8,483

8,004

7,111

7,392

10,914

10,699

12,627

10,208

6,326

5,577

2,503

692

405

449

540

974

0

0

0

Excess tax benefit associated with affiliates stock plans

-

-

-

-

-

-

-

-

-

-

-

-

-

-

95

87

99

79

103

143

127

137

96

51

43

15

-3

-2

-3

-2

6

0

0

0

Repurchase of common stock

643

1,296

1,455

1,455

1,555

902

1,858

1,858

1,758

1,758

383

383

383

383

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

19,643

19,382

19,121

18,843

18,567

18,288

17,998

17,701

17,197

16,696

16,196

15,717

15,249

14,714

14,174

13,634

13,240

12,912

12,588

12,268

11,938

11,611

11,275

10,942

10,762

10,590

10,439

10,305

10,171

10,057

9,941

0

0

0

Net cash used in financing activities

-15,908

-15,499

-15,150

-13,846

-13,485

-11,218

-12,329

-10,551

-10,018

-9,708

-5,509

-7,133

-6,487

-5,764

-5,001

-5,064

-5,137

-5,722

-5,093

-1,210

-1,112

1,153

-971

-4,564

-5,142

-8,071

-9,750

-9,902

-11,258

-11,369

-10,810

0

0

0

NET INCREASE (DECREASE) IN CASH

17

-150

-10

-100

-56

-67

40

52

-403

-248

83

-220

369

293

-159

189

-219

-164

144

-219

62

122

-91

483

219

21

75

-248

9

-304

-236

0

0

0