Fednat holding company (FNHC)
CashFlow / TTM
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)

7,009

1,011

-1,401

1,890

3,600

14,710

29,639

15,291

10,138

5,342

-11,180

-3,344

-5,893

1,261

19,787

28,920

39,686

38,856

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

9,230

6,698

5,576

4,313

5,198

4,876

2,649

-430

0

0

0

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

182

167

164

168

0

0

0

Net realized and unrealized investment (gains) losses

1,958

7,084

-10

956

-791

-4,144

820

5,161

7,601

8,548

9,629

4,654

2,013

3,045

1,933

1,933

2,839

3,616

4,122

3,655

4,799

4,426

4,448

4,569

3,399

2,881

3,635

3,000

1,895

1,072

1,590

2,158

2,818

2,725

0

0

0

Loss (gain) on early extinguishment of debt

0

-3,575

-3,575

-3,575

-3,508

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of investment premium or discount, net

-1,119

-916

-819

-866

-1,127

-1,546

-2,177

-2,798

-3,316

-3,909

-4,501

-4,929

-5,242

-5,346

-5,760

-5,720

-5,705

-5,645

-5,051

-4,877

-4,574

-4,165

-3,535

-2,805

-2,268

-1,761

-1,456

-1,406

-1,370

-1,356

-1,352

-1,288

-1,225

-1,249

0

0

0

Depreciation and amortization

1,587

1,477

1,440

1,428

1,369

1,385

1,887

1,573

1,267

1,166

561

752

952

869

749

714

659

624

310

262

225

149

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Recovery for credit losses, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-12

-11

-6

9

18

0

0

0

(Recovery) provision for uncollectible premiums receivable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5

23

60

27

-5

0

0

0

Share-based compensation

1,954

2,176

2,480

2,362

2,377

2,367

2,414

2,797

2,844

2,846

2,698

2,601

4,161

4,420

5,353

5,668

4,171

4,527

5,243

4,387

3,288

2,140

345

196

547

461

236

201

194

188

187

186

189

196

0

0

0

Tax impact related to share-based compensation

-

-

-

-

-

-

-

0

220

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Changes in operating assets and liabilities:
Prepaid reinsurance premiums

-5,672

11,803

36,009

-18,326

-17,343

-26,915

-55,672

-19,482

-25,256

-21,440

-21,008

-80,424

-43,159

-24,908

73,033

118,221

67,114

84,875

69,186

53,248

58,121

59,829

37,495

-540

-3,226

546

-3,680

-1,879

-1,056

-1,293

1,359

133

643

-2,076

0

0

0

Premiums receivable, net

12,676

8,654

5,646

-11,793

-22,983

-16,602

-20,859

-16,390

-13,449

-8,461

-8,460

1,359

10,884

16,260

28,677

25,012

18,422

11,319

6,815

4,929

5,858

4,860

8,036

8,501

11,268

14,391

11,935

11,517

5,340

2,412

2,977

1,219

665

-29

0

0

0

Reinsurance recoverable, net

-48,343

-9,412

68,139

-8,974

155,831

86,823

-199,757

171,033

97,047

76,738

309,342

16,682

31,120

35,149

13,914

2,389

2,001

-2,709

-887

12,374

10,326

9,793

6,551

-624

-877

-761

479

1,847

1,805

1,415

-1,516

-3,369

-3,800

-5,951

0

0

0

Deferred acquisition costs and value of business acquired, net

8,762

7,979

1,144

2,619

831

-1,457

3,140

-2,235

-3,182

-999

890

21,749

24,700

24,226

29,535

3,831

1,809

3,748

2,542

-3,730

-2,699

-3,098

-3,380

9,799

8,325

8,229

5,876

3,762

1,553

761

792

501

176

-161

0

0

0

Income taxes, net

-

-

-

-

-

-

-

-

-

-

-

-

16,855

16,485

-6,291

-138

-8,008

-6,077

-3,301

-4,310

-1,137

-765

-1,400

-1,527

-191

-2,020

-3,915

-2,202

-3,101

-2,350

-2,384

-1,952

-767

912

0

0

0

Income taxes, net

0

-

0

0

0

-

0

0

0

-

0

0

4,920

-

13,350

5,331

891

2,445

6,012

7,898

4,469

4,189

-1,117

-2,613

-2,379

-2,418

798

234

0

39

0

0

0

-

-

-

-

Deferred revenue

688

756

1,326

-1,160

-1,357

-1,637

-1,848

-688

-1,741

-612

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss and loss adjustment expense reserves

-15,109

11,472

65,834

-22,940

137,910

65,715

-240,111

135,868

81,877

72,405

333,373

34,718

52,356

60,404

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Contingent quota-share profit sharing

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Loss and loss adjustment expense reserves

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

21,159

22,151

14,988

11,108

772

-4,115

-7,742

-10,075

-10,982

-11,732

-9,183

-6,547

0

0

0

Unearned premiums

31,885

28,365

21,064

1,513

-6,537

-12,431

-15,898

-7,929

-9,698

401

2,944

14,455

30,210

40,062

58,885

62,957

58,451

61,535

63,759

54,403

58,093

64,081

69,650

74,186

72,050

69,336

58,072

42,621

18,608

11,074

11,981

7,772

4,571

797

0

0

0

Reinsurance payable

7,581

14,797

45,798

-11,460

-7,090

-8,345

-49,475

-5,562

-15,942

-7,210

-25,723

-21,422

11,932

18,085

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other

2,782

-602

-2,226

-1,899

10,824

1,444

20,713

11,334

5,003

15,158

-7,327

-6,210

-7,541

-8,486

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by (used in) operating activities

63,484

35,316

28,398

14,831

11,057

30,270

-886

-2,856

1,779

13,106

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

5,337

2,245

1,559

4,083

0

0

0

Other, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-2,793

-2,877

-3,397

-4,905

808

168

-2,840

552

-231

26

3,196

308

0

0

0

Cash received from other entitie's debt instrument

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Premium deposits and customer credit balances

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

1,785

836

559

-347

-546

-179

438

441

0

0

0

Income taxes payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

0

-38

-48

-77

0

38

125

77

0

0

0

Claims payments outstanding

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-873

-1,942

-1,334

-3,065

2,792

498

0

0

0

Accounts payable and accrued expenses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

4,088

3,957

3,980

-486

2,210

-881

-909

956

0

0

0

Net cash provided by operating activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

45,242

-

84,633

50,540

58,878

63,144

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

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

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sales of debt securities

218,140

164,196

198,222

224,927

273,689

228,777

346,538

239,250

250,142

249,584

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchases of equity securities

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sales of debt securities

-

-

-

-

-

-

-

0

198,551

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchases of equity securities

-

-

-

-

-

-

-

0

24,113

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchases of debt securities

300,362

228,132

253,599

242,686

261,779

337,776

324,778

398,966

338,544

339,667

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Maturities and redemptions of debt securities

0

-

0

0

0

-

0

0

75,057

-

0

0

0

-

-

40,020

29,165

12,760

156,200

135,481

122,469

87,151

78,963

85,900

82,952

106,173

122,817

111,995

116,359

90,449

98,447

95,539

85,043

108,318

0

0

0

Purchases of investment securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

243,351

-

226,501

212,041

209,166

194,087

226,142

224,618

182,884

192,627

144,318

118,932

121,243

86,203

107,746

98,362

86,836

113,251

0

0

0

Purchases of property and equipment

2,778

2,040

2,586

2,490

2,446

2,026

1,674

884

728

976

878

1,694

1,938

2,147

1,809

2,016

2,137

1,736

1,395

793

873

969

1,161

885

475

629

378

319

269

-83

331

234

212

243

0

0

0

Net cash provided by (used in) investing activities

-26,146

-9,011

-22,658

-11,218

-12,343

-21,184

-24,066

-24,329

-32,094

-31,707

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-9,630

-3,057

-2,005

-5,176

0

0

0

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

0

-

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used in investing activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-59,104

-

-71,696

-77,353

-87,570

-107,905

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Payment of long-term debt and prepayment penalties

0

48,000

48,000

48,000

48,000

5,000

5,000

5,000

5,000

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchase of non-controlling interest

-

-

-

-

-

-16,685

-16,685

-16,685

-16,685

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Non-controlling interest equity investment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

18,743

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchases of FedNat Holding Company common stock

10,092

3,449

0

0

61

5,061

6,273

7,589

13,740

10,616

15,239

17,032

12,116

11,317

0

0

0

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Non-controlling interest investment in affiliate

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Issuance of common stock for share-based awards

-

-

-

-

-

-

-

-

-

103

104

335

358

361

401

74

148

171

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Tax impact related to share-based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

589

1,538

1,456

1,280

1,564

1,036

1,011

938

480

374

286

216

169

131

110

104

100

101

96

89

92

0

0

0

Exercised stock options

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

470

417

145

128

0

0

0

-

-

-

-

Dividends paid

4,572

4,309

4,170

4,163

4,158

4,184

4,207

4,265

4,266

4,251

4,303

4,344

4,162

4,677

3,563

3,139

2,846

1,847

2,481

2,110

1,897

1,672

1,368

1,280

1,175

1,233

1,062

807

558

159

0

0

0

-

-

-

-

Net cash used in financing activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-1,739

-

17,298

65,634

66,366

43,472

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by (used in) financing activities

-14,737

42,633

46,221

46,250

46,284

-30,891

12,874

11,580

5,411

30,236

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

117

100

89

92

0

0

0

Net increase (decrease) in cash and cash equivalents

22,601

68,938

51,961

49,863

44,998

-21,805

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net increase (decrease) in cash and cash equivalents

-

-

-

-

-

-

-

-

-

-

-24,665

19,456

7,933

21,555

30,039

-16,249

-15,601

12,881

30,235

38,821

37,674

-1,289

-1,068

8,188

22,296

20,303

36,059

27,883

12,717

5,938

-4,176

-712

-357

-1,001

0

0

0

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

7,708

4,860

6,143

3,191

4,191

4,266

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash paid (received) during the period for income taxes

2,970

3,504

2,091

-777

-1,451

-1,104

-406

2,465

6,391

-354

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

12,300

-

16,662

16,587

20,962

19,185

18,185

13,260

5,735

1,870

1,870

2,035

185

165

165

0

0

0

0

0

0

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

7,931

8,096

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Lease liability

7,931

8,096

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accrued dividends payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

0

0

0

0

0

0

0