Fednat holding company (FNHC)
CashFlow / Quarterly
Mar'20Dec'19Sep'19Jun'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 flow from operating activities:
Net income (loss)

2,133

-6,893

4,659

7,110

-3,865

-9,305

7,950

8,820

7,245

5,624

-6,398

3,667

2,449

-10,898

1,438

1,118

9,603

7,628

10,571

11,884

8,773

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

11,554

8,423

-

3,282

2,544

2,335

1,069

750

1,422

1,072

1,954

428

-805

-2,007

Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Depreciation and amortization of property plant and equipment, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

69

68

53

-

50

48

48

36

35

45

52

Net realized and unrealized investment (gains) losses

-2,825

2,034

794

1,955

2,301

-5,060

1,760

208

-1,052

-96

6,101

2,648

-105

985

1,126

7

927

-127

1,126

913

1,704

379

659

2,057

1,331

401

780

887

813

1,155

145

-218

-10

1,673

713

442

-103

Loss (gain) on early extinguishment of debt

0

0

0

0

-3,575

0

0

67

-67

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of investment premium or discount, net

-400

-310

-252

-157

-197

-213

-299

-418

-616

-844

-920

-936

-1,209

-1,436

-1,348

-1,249

-1,313

-1,850

-1,308

-1,234

-1,253

-1,256

-1,134

-931

-844

-626

-404

-394

-337

-321

-354

-358

-323

-317

-290

-295

-347

Depreciation and amortization

465

389

363

370

355

352

351

311

371

854

37

5

270

249

228

205

187

129

193

150

152

-185

145

113

76

-

-

-

-

-

-

-

-

-

-

-

-

Recovery for credit losses, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-4

-8

0

1

1

7

9

(Recovery) provision for uncollectible premiums receivable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-4

-5

16

-2

14

32

-17

-34

Share-based compensation

453

216

602

683

675

520

484

698

665

567

867

745

667

419

770

2,305

926

1,352

1,085

808

1,282

2,068

229

-291

134

273

80

60

48

48

45

53

42

47

44

56

49

Tax impact related to share-based compensation

-

-

-

-

-

-

-

20

77

-

100

0

50

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Changes in operating assets and liabilities:
Prepaid reinsurance premiums

-56,194

-49,914

87,513

12,923

-38,719

-25,708

33,178

13,906

-48,291

-54,465

69,368

8,132

-44,475

-54,033

9,952

45,397

-26,224

43,908

55,140

-5,710

-8,463

28,219

39,202

-837

-6,755

5,885

1,167

-3,523

-2,983

1,659

2,968

-2,700

-3,220

4,311

1,742

-2,190

-5,939

Premiums receivable, net

-3,085

-1,487

8,693

8,555

-7,107

-4,495

-8,746

-2,635

-726

-8,752

-4,277

306

4,262

-8,751

5,542

9,831

9,638

3,666

1,877

3,241

2,535

-838

-9

4,170

1,537

2,338

456

6,937

4,660

-118

38

760

1,732

447

-1,720

206

1,038

Reinsurance recoverable, net

51,567

-863

3,562

-102,609

90,498

76,688

-73,551

62,196

21,490

-209,892

297,239

-11,790

1,181

22,712

4,579

2,648

5,210

1,477

-6,946

2,260

500

3,299

6,315

212

-33

57

-860

-41

83

1,297

508

-83

-307

-1,634

-1,345

-514

-2,458

Deferred acquisition costs and value of business acquired, net

1,579

-1,124

3,000

5,307

796

-7,959

4,475

3,519

-1,492

-3,362

-900

2,572

691

-1,473

19,959

5,523

217

3,836

-5,745

3,501

2,156

2,630

-12,017

4,532

1,757

2,348

1,162

3,058

1,661

-5

-952

849

869

26

-1,243

524

532

Income taxes, net

-

-

-

-

-

-

-

-

-

-

-

-

-1,359

21,976

-7,157

3,395

-1,729

-800

-1,004

-4,475

202

1,976

-2,013

-1,302

574

1,341

-2,140

34

-1,255

-554

-427

-865

-504

-588

5

320

1,175

Income taxes, net

-1,510

-

-638

385

1,146

-

-5,751

-779

-2,521

-

10,349

2,884

-8,123

-

8,263

7,869

-1,274

-1,508

244

3,429

280

2,059

2,130

0

0

-3,247

634

234

-39

-31

70

0

0

-

-

-

-

Deferred revenue

-86

-898

1,117

555

-18

-328

-1,369

358

-298

-539

-209

-695

831

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss and loss adjustment expense reserves

51,313

20,754

18,213

-105,389

77,894

75,116

-70,561

55,461

5,699

-230,710

305,418

1,470

-3,773

30,258

6,763

19,108

4,275

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Contingent quota-share profit sharing

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,750

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Loss and loss adjustment expense reserves

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,591

3,607

6,145

-

2,073

8,482

1,538

9,066

3,065

1,319

-2,342

-1,270

-1,822

-2,308

-4,675

-2,177

-2,572

241

-2,039

Unearned premiums

-2,612

-7,036

13,585

27,948

-6,132

-14,337

-5,966

19,898

-12,026

-17,804

2,003

18,129

-1,927

-15,261

13,514

33,884

7,925

3,562

17,586

29,378

11,009

5,786

8,230

33,068

16,997

11,355

12,766

30,932

14,283

91

-2,685

6,919

6,749

998

-6,894

3,718

2,975

Reinsurance payable

-39,416

-44,406

70,042

21,361

-32,200

-13,405

12,784

25,731

-33,455

-54,535

56,697

15,351

-24,723

-73,048

60,998

48,705

-18,570

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other

1,745

2,030

5,155

-6,148

-1,639

406

5,482

6,575

-11,019

19,675

-3,897

244

-864

-2,810

-2,780

-1,087

-1,809

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by (used in) operating activities

21,373

8,930

789

32,392

-6,795

2,012

-12,778

28,618

12,418

-29,144

-14,748

33,253

23,745

-

-

-

-

-

-

-

-

-

-

-

-

-

18,925

26,433

17,742

-

-4,055

9,193

1,103

-904

-7,147

8,507

3,627

Other, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,348

-

455

516

970

-4,734

371

-4

-538

979

-269

-3,012

2,854

196

-12

158

-34

Cash received from other entitie's debt instrument

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Premium deposits and customer credit balances

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-436

314

3,383

-

759

-640

1,264

402

-190

-917

358

203

177

-300

361

Income taxes payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-583

-3,774

1,978

-

0

-77

77

0

-38

-87

48

77

0

0

0

Claims payments outstanding

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,128

842

-991

-

-

-

363

-240

380

-1,376

-706

368

-1,351

4,481

-3,000

Accounts payable and accrued expenses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-429

1,970

-383

-

1,322

-263

3,726

-697

1,191

-240

-740

1,999

-1,900

-268

1,125

Net cash provided by operating activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

45,575

32,991

20,703

-

9,205

42,657

28,352

4,419

-24,888

50,995

32,618

-

-

-

-

-

-

-

-

-

-

-

-

Cash flow from investing activities:
Proceeds from sales of equity securities

2,056

-

-

-

1,506

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sales of debt securities

103,118

40,781

121,173

-46,932

49,174

74,807

147,878

1,830

4,262

192,568

40,590

12,722

3,704

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchases of equity securities

3,428

-

-

-

2,188

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sales of debt securities

-

-

-

-

-

-

-

54,892

73,830

-

69,496

731

124,863

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchases of equity securities

-

-

-

-

-

-

-

1,654

5,177

-

4,752

12,712

16,875

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchases of debt securities

134,971

58,199

52,369

54,823

62,741

83,666

41,456

73,916

138,738

70,668

115,644

13,494

139,861

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Maturities and redemptions of debt securities

10,850

-

10,909

9,978

8,271

-

16,491

19,860

50,584

-

9,309

5,844

13,565

-

-

47,002

72,669

-122,158

42,507

36,147

56,264

21,282

21,788

23,135

20,946

13,094

28,725

20,187

44,167

29,738

17,903

24,551

18,257

37,736

14,995

14,055

41,532

Purchases of investment securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

70,401

70,933

-

65,733

70,079

59,466

31,223

51,273

67,204

44,387

63,278

49,749

25,470

54,130

14,969

24,363

27,781

19,090

36,512

14,979

16,255

45,505

Purchases of property and equipment

1,224

478

821

255

486

1,024

725

211

66

672

-65

55

314

574

751

299

523

236

958

420

122

-105

356

500

218

87

80

90

372

-164

21

40

20

250

-76

18

51

Net cash provided by (used in) investing activities

-23,599

7,640

-12,113

1,926

-6,464

-6,007

-673

801

-15,305

-8,889

-936

-6,964

-14,918

-

-

-

-

-

-

-

-

-

-

-

-

-

-21,104

-5,373

-10,335

-

-6,481

-3,270

-853

974

92

-2,218

-4,024

Cash flow from financing activities:
Proceeds from issuance of long-term debt, net of issuance costs

0

-

0

-74

98,464

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from issuance of long-term debt, net of issuance costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

5,000

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used in investing activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-15,780

-23,698

1,213

-

-24,184

-34,352

-3,324

-9,836

-29,841

-44,569

-23,659

-

-

-

-

-

-

-

-

-

-

-

-

Payment of long-term debt and prepayment penalties

0

0

0

0

48,000

0

0

0

5,000

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchase of non-controlling interest

-

-

-

-

-

0

0

0

-16,685

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Non-controlling interest equity investment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

245

362

149

17,987

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchases of FedNat Holding Company common stock

6,643

3,449

0

0

0

0

0

61

5,000

1,212

1,316

6,212

1,876

5,835

3,109

1,296

1,077

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Non-controlling interest investment in affiliate

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Issuance of common stock for share-based awards

-

-

-

-

-

-

-

-

-

0

103

-1

1

1

334

22

4

41

7

96

27

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Tax impact related to share-based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-254

245

352

246

695

163

176

530

167

138

103

72

61

50

33

25

23

29

27

21

24

24

20

24

Exercised stock options

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

243

837

353

-

65

276

17

112

12

4

0

-

-

-

-

Dividends paid

1,302

1,178

1,046

1,046

1,039

1,039

1,039

1,041

1,065

1,062

1,097

1,042

1,050

1,114

1,138

860

1,565

0

714

567

566

634

343

354

341

330

255

249

399

159

0

0

0

-

-

-

-

Net cash used in financing activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-3,668

-1,782

-2,392

-

-5,182

-146

22,978

-352

43,154

586

84

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by (used in) financing activities

-7,945

-4,627

-1,045

-1,120

49,425

-1,039

-1,016

-1,086

-27,750

42,726

-2,310

-7,255

-2,925

-

-

-

-

-

-

-

-

-

-

-

-

-

-140

60

-357

-

41

31

21

24

24

20

24

Net increase (decrease) in cash and cash equivalents

-10,171

11,943

-12,369

33,198

36,166

-5,034

-14,467

28,333

-30,637

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net increase (decrease) in cash and cash equivalents

-

-

-

-

-

-

-

-

-

-

-17,994

19,034

5,902

-31,607

26,127

7,511

19,524

-23,123

-20,161

8,159

48,006

-5,769

-11,575

7,012

9,043

-5,548

-2,319

21,120

7,050

10,208

-10,495

5,954

271

94

-7,031

6,309

-373

Supplemental disclosure of cash flow information:
Cash paid (received) during the period for interest

3,750

0

3,958

0

902

1,283

1,006

1,000

977

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash paid (received) during the period for income taxes

-811

775

-3

3,009

-277

-638

-2,871

2,335

70

60

0

6,261

-6,675

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,300

-

5,000

5,000

5,662

1,000

4,925

9,375

3,885

0

0

1,850

20

0

165

0

0

0

0

0

0

Significant non-cash investing and financing transactions:
Right-of-use asset

7,938

236

-138

-105

8,103

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Lease liability

7,938

236

-138

-105

8,103

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accrued dividends payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

399

-

0

0

0

0

0

0

0