| Dec'19 | Dec'18 | |||||
|---|---|---|---|---|---|---|
Cash flows from operating activities: | ||||||
Net loss | ||||||
-238 | -5,371 | |||||
Adjustments to reconcile net loss to net cash used in operating activities: | ||||||
Deferred income taxes | ||||||
21 | -1,120 | |||||
Net realized gain on sales of investments | ||||||
351 | 24 | |||||
Unrealized (gain) loss on equity securities and other investments | ||||||
952 | -1,557 | |||||
Amortization of fixed maturity premiums | ||||||
236 | 245 | |||||
Depreciation and amortization expense | ||||||
1,124 | 94 | |||||
Changes in operating assets and liabilities: | ||||||
Accrued investment income | ||||||
71 | 48 | |||||
Premiums receivable | ||||||
760 | -13 | |||||
Reinsurance recoverable | ||||||
-105 | -629 | |||||
Income taxes recoverable | ||||||
16 | 180 | |||||
Unearned ceded premiums | ||||||
607 | -147 | |||||
Deferred acquisition costs | ||||||
-1,400 | -93 | |||||
Prepaid management fee | ||||||
10,000 | - | |||||
Other assets | ||||||
-309 | 187 | |||||
Losses and loss adjustment expenses | ||||||
-4,784 | 17 | |||||
Unearned premiums | ||||||
-419 | -2,112 | |||||
Reinsurance payable | ||||||
758 | -216 | |||||
Accounts payable, accrued expenses, and other liabilities | ||||||
1,203 | 190 | |||||
Due to affiliates | ||||||
-309 | -495 | |||||
Net cash flows used in operating activities | ||||||
-13,352 | -6,765 | |||||
Cash flows from investing activities: | ||||||
Proceeds from sales of fixed maturity securities | ||||||
13,053 | 18,336 | |||||
Proceeds from sales of equity securities and other investments | ||||||
5,618 | 1,324 | |||||
Purchases of fixed maturity securities | ||||||
20,236 | 14,648 | |||||
Purchases of equity securities | ||||||
723 | 2,106 | |||||
Net purchases of short-term investments | ||||||
787 | 373 | |||||
Net cash flows (used in) provided by investing activities | ||||||
-3,075 | 2,533 | |||||
Cash flows from financing activities | ||||||
Proceeds from issuance of common stock | ||||||
33,574 | - | |||||
Payments of notes payable | ||||||
62 | 59 | |||||
Net cash flows provided by (used in) financing activities | ||||||
33,511 | -59 | |||||
Net change in cash and cash equivalents | ||||||
17,084 | -4,292 | |||||
Cash paid during the year for interest | ||||||
3 | 6 | |||||