Emc Insurance Group (EMCI) trailing twelve month cash flow statement covering six trailing twelve month periods to June 30, 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 | |||||||||||||||||||||
32,419 | 26,139 | -7,468 | 40,261 | 21,859 | 32,358 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Net Income (Loss) Attributable to Parent | 32,419 | 26,139 | -7,468 | 40,261 | 21,859 | 32,358 | 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) | |||||||||||||||||||||
41,837 | 43,338 | 44,578 | 35,120 | 47,378 | 41,926 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Losses and settlement expenses (affiliated $2,772 and $6,427) | 41,837 | 43,338 | 44,578 | 35,120 | 47,378 | 41,926 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Unearned premiums (affiliated $4,063 and $1,558) | |||||||||||||||||||||
5,873 | 12,056 | 10,714 | 10,540 | 10,138 | 12,591 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Unearned premiums (affiliated $4,063 and $1,558) | 5,873 | 12,056 | 10,714 | 10,540 | 10,138 | 12,591 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Other policyholders' funds due to affiliate | |||||||||||||||||||||
123 | -1,260 | -1,206 | -702 | -4,438 | -4,032 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Other policyholders' funds due to affiliate | 123 | -1,260 | -1,206 | -702 | -4,438 | -4,032 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Amounts due to/from affiliate to settle inter-company transaction balances | |||||||||||||||||||||
4,708 | -12,119 | -5,521 | -3,857 | -4,238 | 1,127 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Amounts due to/from affiliate to settle inter-company transaction balances | 4,708 | -12,119 | -5,521 | -3,857 | -4,238 | 1,127 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Net pension and postretirement benefits due from affiliate | |||||||||||||||||||||
-2,092 | -4,274 | -4,709 | -6,352 | -5,311 | -3,098 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Net pension and postretirement benefits due from affiliate | -2,092 | -4,274 | -4,709 | -6,352 | -5,311 | -3,098 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Reinsurance receivables due from affiliate | |||||||||||||||||||||
3,541 | 4,491 | 5,711 | 7,369 | 10,766 | 9,779 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Reinsurance receivables due from affiliate | 3,541 | 4,491 | 5,711 | 7,369 | 10,766 | 9,779 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Prepaid reinsurance premiums due from affiliate | |||||||||||||||||||||
-3,658 | -4,071 | -4,000 | -3,289 | -551 | 1,257 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Prepaid reinsurance premiums due from affiliate | -3,658 | -4,071 | -4,000 | -3,289 | -551 | 1,257 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Commissions payable (affiliated $(9,154) and $(7,893)) | |||||||||||||||||||||
-1,039 | -585 | -1,921 | -1,100 | -741 | -356 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Commissions payable (affiliated $(9,154) and $(7,893)) | -1,039 | -585 | -1,921 | -1,100 | -741 | -356 | 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)) | |||||||||||||||||||||
3,158 | 4,530 | 3,646 | 3,543 | 2,817 | 2,976 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Deferred policy acquisition costs (affiliated $(2,982) and $(1,819)) | 3,158 | 4,530 | 3,646 | 3,543 | 2,817 | 2,976 | 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 | |||||||||||||||||||||
-30 | 97 | -818 | -249 | -477 | -515 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Accrued investment income | -30 | 97 | -818 | -249 | -477 | -515 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Current income tax | |||||||||||||||||||||
-2,961 | -4,216 | -7,241 | 2,319 | -4,573 | -2,290 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Current income tax | -2,961 | -4,216 | -7,241 | 2,319 | -4,573 | -2,290 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Deferred Income Tax Expense (Benefit) | |||||||||||||||||||||
-1,598 | 170 | -5,983 | -7,045 | -7,746 | -8,674 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Deferred Income Tax Expense (Benefit) | -1,598 | 170 | -5,983 | -7,045 | -7,746 | -8,674 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Gain (Loss) on Investments | |||||||||||||||||||||
-3,098 | -13,216 | -41,252 | 4,272 | -7,457 | 1,790 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Gain (Loss) on Investments | -3,098 | -13,216 | -41,252 | 4,272 | -7,457 | 1,790 | 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)) | |||||||||||||||||||||
-11,742 | -10,595 | -9,972 | -9,737 | -10,751 | -11,121 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Other, net (affiliated $(785) and $(727)) | -11,742 | -10,595 | -9,972 | -9,737 | -10,751 | -11,121 | 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 | |||||||||||||||||||||
58,758 | 53,044 | 79,238 | 29,214 | 37,604 | 33,740 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
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 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Net cash provided by operating activities | |||||||||||||||||||||
91,177 | 79,183 | 71,770 | 69,475 | 59,463 | 66,098 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Net cash provided by operating activities | 91,177 | 79,183 | 71,770 | 69,475 | 59,463 | 66,098 | 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 | |||||||||||||||||||||
389,189 | 454,279 | 496,987 | 384,676 | 385,590 | 324,242 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Purchases of fixed maturity securities available-for-sale | 389,189 | 454,279 | 496,987 | 384,676 | 385,590 | 324,242 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Disposals of fixed maturity securities available-for-sale | |||||||||||||||||||||
337,014 | 419,776 | 445,268 | 332,688 | 320,621 | 246,060 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Disposals of fixed maturity securities available-for-sale | 337,014 | 419,776 | 445,268 | 332,688 | 320,621 | 246,060 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Purchases of equity investments | |||||||||||||||||||||
94,696 | 88,327 | 90,137 | 76,629 | 71,336 | 65,592 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Purchases of equity investments | 94,696 | 88,327 | 90,137 | 76,629 | 71,336 | 65,592 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Disposals of equity investments | |||||||||||||||||||||
81,474 | 75,493 | 79,492 | 85,713 | 81,752 | 90,290 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Disposals of equity investments | 81,474 | 75,493 | 79,492 | 85,713 | 81,752 | 90,290 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Purchases of other long-term investments | |||||||||||||||||||||
8,996 | 9,427 | 13,934 | 9,856 | 9,105 | 13,202 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Purchases of other long-term investments | 8,996 | 9,427 | 13,934 | 9,856 | 9,105 | 13,202 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Disposals of other long-term investments | |||||||||||||||||||||
6,051 | 5,531 | 7,759 | 5,493 | 4,936 | 5,373 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Disposals of other long-term investments | 6,051 | 5,531 | 7,759 | 5,493 | 4,936 | 5,373 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Net (purchases) disposals of short-term investments | |||||||||||||||||||||
23,410 | 26,601 | 4,591 | 8,462 | -12,688 | -3,866 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Net (purchases) disposals of short-term investments | 23,410 | 26,601 | 4,591 | 8,462 | -12,688 | -3,866 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Net receipts under reverse repurchase agreements | |||||||||||||||||||||
- | 14,000 | - | - | - | 2,500 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Net receipts under reverse repurchase agreements | - | 14,000 | - | - | - | 2,500 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Net cash used in investing activities | |||||||||||||||||||||
-75,252 | -63,834 | -56,630 | -55,729 | -46,034 | -54,947 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Net cash used in investing activities | -75,252 | -63,834 | -56,630 | -55,729 | -46,034 | -54,947 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
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 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Issuance of common stock through affiliate’s stock plans | 4,378 | 5,179 | 5,426 | 6,452 | 6,637 | 7,972 | 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 | 1,296 | 1,455 | 1,455 | 1,555 | 902 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Repurchase of common stock | 643 | 1,296 | 1,455 | 1,455 | 1,555 | 902 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Dividends paid to stockholders (affiliated $(2,708) and $(2,590)) | |||||||||||||||||||||
19,643 | 19,382 | 19,121 | 18,843 | 18,567 | 18,288 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Dividends paid to stockholders (affiliated $(2,708) and $(2,590)) | 19,643 | 19,382 | 19,121 | 18,843 | 18,567 | 18,288 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Net cash used in financing activities | |||||||||||||||||||||
-15,908 | -15,499 | -15,150 | -13,846 | -13,485 | -11,218 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Net cash used in financing activities | -15,908 | -15,499 | -15,150 | -13,846 | -13,485 | -11,218 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
NET INCREASE (DECREASE) IN CASH | |||||||||||||||||||||
17 | -150 | -10 | -100 | -56 | -67 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
NET INCREASE (DECREASE) IN CASH | 17 | -150 | -10 | -100 | -56 | -67 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||