Protective insurance corp (PTVCB)
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
Operating activities
Net income

-22,156

3,771

-707

1,535

2,748

-24,567

-12,325

2,487

330

16,476

7,435

-12,344

6,756

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities

20,844

-

24,633

25,456

8,657

-

48,021

14,160

7,697

-

24,636

29,110

-358

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Net cash provided by operating activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,973

-

16,643

3,489

10,674

-950

17,501

4,449

9,160

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by (used in) operating activities

-1,312

24,358

23,926

26,991

11,405

40,338

35,696

16,647

8,027

42,509

32,071

16,766

6,398

-

-

-

-

-

-

-

-

-

-

-

-

-

23,960

-1,442

12,304

-

1,797

10,779

11,666

9,695

17,820

20,148

6,621

Investing activities
Purchases of fixed income and equity securities

82,641

81,245

97,200

104,454

140,645

85,109

114,991

74,406

140,820

131,802

73,529

115,654

115,947

90,272

95,170

102,927

112,301

67,001

92,254

57,191

126,146

86,760

45,750

51,510

104,263

95,584

113,330

67,906

92,439

51,592

102,952

61,176

104,714

-

-

-

-

Purchases of available-for-sale investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

76,232

82,111

100,022

Purchases of limited partnership interests

0

0

0

0

0

0

0

250

200

200

897

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

616

0

0

1,538

0

0

0

0

Distributions from limited partnerships

14,636

1

13,164

3,017

17,214

6,500

0

369

0

2,917

915

-618

16,016

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from maturities

31,088

19,851

25,619

22,141

16,776

17,415

9,030

23,569

14,021

47,453

686

25,352

58,132

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sales of fixed income securities

48,552

-

-

-

52,199

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sales of fixed income securities

-

-

-

-

-

-

79,459

12,772

89,636

-

19,866

81,611

40,097

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sales of equity securities

5,480

2,213

4,959

5,280

9,169

31,503

30,135

27,800

59,757

37,523

15,607

9,572

7,054

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sales or maturities of available-for-sale investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

98,335

99,203

89,042

-

95,743

62,409

104,555

-

40,445

56,447

108,087

-

83,458

106,224

113,044

-

82,927

68,516

78,829

-

59,220

91,929

96,173

Net sales of short-term investments

-

-

-

-

-

-

-

-

-

-

-

-

7,290

-10,538

0

-715

-5

0

1

-750

3

-

-

-

-

472

193

486

-461

624

234

53

-382

-1,760

836

-247

330

Purchase of insurance company-owned life insurance

0

0

0

0

0

0

0

0

10,000

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchase of commercial mortgage loans

368

4,336

533

1,041

1,172

6,672

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from commercial mortgage loans

72

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchases of property and equipment

369

294

313

549

797

1,079

1,669

1,473

1,218

1,256

1,871

1,295

2,239

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from disposals of property and equipment

0

-1

1

3

0

2

0

4

4

2

0

1

579

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net purchases of short-term investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

203

-

-

-

-

-

-

-

-

-

-

-

-

Other investing activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,328

-42

1,154

-

2,320

-1,283

244

-

1,901

5,035

2,808

-

2,912

718

16,678

-

588

851

-3,552

-

697

409

459

Net cash used in investing activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-24,408

-

1,168

7,251

-21,838

-10,093

-9,209

-378

813

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by (used in) investing activities

16,450

-41,254

-7,417

-55,963

-47,256

22,122

1,964

-11,615

11,180

-38,285

-38,723

6,259

-3,598

-

-

-

-

-

-

-

-

-

-

-

-

-

-

37,114

4,388

-

-20,847

6,436

-23,489

30,822

-18,545

9,656

-4,638

Financing activities
Dividends paid to shareholders

1,426

1,428

1,442

1,494

1,493

4,183

4,196

4,227

4,229

4,052

4,076

4,094

4,080

3,918

3,983

3,925

3,977

3,736

3,737

3,754

3,776

3,725

3,726

3,743

3,753

3,716

3,715

3,735

3,777

3,706

3,706

3,725

3,749

3,696

3,696

3,732

3,722

Net cash used in financing activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-3,977

-

-3,737

-3,754

-3,776

-3,725

-3,726

6,257

-3,753

-

-

-

-

-

-

-

-

-

-

-

-

Repayment on line of credit

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

5,000

Repurchase of common shares

1,782

1,218

3,796

6,019

468

1,976

1,340

1,045

235

0

1,880

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used in financing activities

-3,208

-2,646

-5,238

-7,513

-1,961

-6,159

-5,536

-5,272

-4,464

-4,052

-5,956

-4,094

-4,080

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-3,735

-3,777

-

-3,706

-3,725

-3,749

-3,696

-3,696

-3,732

-8,722

Effect of foreign exchange rates on cash and cash equivalents

-687

243

-189

284

307

-621

202

-188

-223

12

57

388

65

-163

-145

124

419

-354

-429

106

-779

-176

-705

371

-501

-293

199

-295

-186

-126

362

-223

204

191

-709

61

227

Increase (decrease) in cash, cash equivalents and restricted cash and cash equivalents

11,243

-19,299

11,082

-36,201

-37,505

55,680

32,326

-428

14,520

184

-12,551

19,319

-1,215

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Increase (decrease) in cash and cash equivalents

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5,827

14,000

-25,993

3,888

13,645

7,092

-15,719

-14,944

3,861

10,699

5,719

-44,090

-12,533

31,642

12,729

6,318

-22,394

13,267

-15,368

37,012

-5,130

26,133

-6,512