Ni holdings, inc. (NODK)
CashFlow / TTM
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16
Cash Flows from Operating Activities:
Net income (loss)

9,149

26,500

24,311

41,147

38,888

31,244

29,724

17,154

17,015

15,612

3,410

5,104

3,168

4,638

0

0

0

Adjustments to reconcile net income (loss) to net cash flows from operating activities:
Net capital (gain) loss on investments

-7,995

14,783

9,686

12,224

11,364

3,974

4,036

2,761

2,850

2,997

3,306

6,417

6,456

5,681

0

0

0

Deferred income tax expense (benefit)

2,305

-1,871

-547

-673

-896

692

2,737

3,073

1,721

2,067

890

374

449

82

0

0

0

Depreciation of property and equipment

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

Amortization of intangibles

2,458

1,711

0

0

0

-

-

-

-

43

47

47

47

57

0

0

0

Share-based compensation

1,709

1,613

1,516

1,432

1,393

1,232

1,413

1,158

879

423

0

0

0

-

-

-

-

Amortization of deferred policy acquisition costs

46,353

46,188

41,930

41,572

34,039

31,856

33,256

32,097

29,780

27,750

24,647

21,499

29,686

20,423

0

0

0

Deferral of policy acquisition costs

50,726

48,721

45,941

46,103

39,850

35,863

33,296

30,161

29,079

27,667

26,682

25,048

30,710

20,921

0

0

0

Net amortization of premiums and discounts on investments

-1,178

-1,146

-1,080

-1,050

-1,050

-1,149

-1,291

-1,406

-1,473

-1,368

-1,221

-1,082

-944

-894

0

0

0

Loss on sale of property and equipment

-

-37

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Changes in operating assets and liabilities:
Premiums and agents' balances receivable

1,274

2,404

14,281

-7,121

5,685

2,806

-15,677

3,295

3,512

3,646

13,365

40,434

1,836

1,947

0

0

0

Reinsurance premiums payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-498

0

0

0

Reinsurance premiums receivable / payable

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

Reinsurance recoverables on losses

0

-

0

0

0

-

0

0

0

-

0

0

0

-

-

-

-

Accrued investment income

164

191

235

123

-23

-161

-171

-146

360

565

526

557

88

67

0

0

0

Receivable from Federal Crop Insurance Corporation

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

Income tax recoverable / payable

114

-889

664

692

1,821

1,721

-1,569

-2,644

-1,240

-3,924

-1,267

247

180

2,051

0

0

0

Other assets

1,102

109

453

514

646

1,477

195

177

-1,325

-506

77

-1,959

1,549

902

0

0

0

Unpaid losses and loss adjustment expenses

3,272

6,129

11,720

-5,534

730

264

-20,741

-9,243

-13,633

-13,742

9,419

5,498

15,378

14,290

0

0

0

Unearned premiums

1,628

4,509

3,109

6,035

6,828

5,550

6,537

7,760

5,654

5,817

11,525

17,836

4,588

3,958

0

0

0

Accrued expenses and other liabilities

963

41

-2,286

-2,928

-230

422

1,530

2,672

812

3,052

921

4,077

78

-565

0

0

0

Income taxes payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Net cash flows from operating activities

25,050

25,665

24,170

17,295

20,847

20,955

21,508

22,675

16,600

18,425

18,517

9,633

7,705

7,307

0

0

0

Cash flows from investing activities:
Proceeds from sales of fixed income securities

67,179

59,649

47,091

48,791

59,405

61,465

56,082

51,158

33,366

24,584

26,384

22,436

22,936

21,692

0

0

0

Proceeds from sales of equity securities

24,166

20,174

19,093

24,453

23,041

23,409

21,135

13,254

12,538

11,125

7,274

11,620

9,756

9,084

0

0

0

Purchases of fixed income securities

104,746

92,012

88,276

65,306

67,611

73,871

63,311

61,478

107,009

100,896

106,227

100,034

38,102

31,188

0

0

0

Purchases of equity securities

19,799

17,042

21,543

16,183

13,450

13,557

13,250

11,726

27,447

25,419

21,336

20,063

2,072

2,624

0

0

0

Purchases of property and equipment, net

1,190

1,290

1,994

1,934

1,821

1,552

1,072

1,175

1,203

1,334

667

829

622

548

0

0

0

Acquisition of Westminster American Insurance Company (cash consideration paid net of cash and cash equivalents acquired)

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other

-89

-63

-62

-39

-40

-18

-99

-99

-99

-83

-2

-2

-2

-74

0

0

0

Net cash flows from investing activities

-35,004

-30,458

-45,567

17,345

27,089

23,397

27,168

-9,868

-89,656

-91,857

-94,570

-86,868

-8,102

-3,510

0

0

0

Cash flows from financing activities:
Purchases of treasury stock

3,506

2,006

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Issuance of restricted stock awards

0

-

0

0

0

-

-

-

-

93,145

0

0

93,145

-

0

0

0

Loan to employee stock ownership plan

-

-

-

-

-

-

-

-

-

2,400

0

0

0

-

-

-

-

Loan to employee stock ownership plan

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Net cash flows from financing activities

-3,536

-2,025

0

0

0

-

-

-

-

82,708

0

0

90,745

-

0

0

0

Net (decrease) increase in cash and cash equivalents

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

Net (decrease) increase in cash and cash equivalents

-

-

-

-

-

-

0

0

-81,093

-

-1,656

5,473

90,348

3,797

0

0

0

Non-cash item:
Present value of installment payable issued in connection with acquisition of Westminster American Insurance Company

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Federal income taxes paid

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-