UNITED FIRE GROUP INC UFCS Cash Flow

United fire group inc (UFCS)

CashFlow / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11
Cash Flows From Operating Activities
Net income (loss)
-72,534	-23,163	-2,342	-4,196	44,521	-29,336	11,070	157	45,759	45,993	-17,864	2,958	19,936	11,995	12,368	3,114	22,427	30,895	19,534	15,018	23,679	34,796	325	10,685	13,331	26,526	11,725	15,496	22,393	-2,418	8,730	14,716	19,184	16,891	-4,776	-17,914	5,810
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent
-	-	-	-	-	0	0	0	-1,912	734	1,218	2,849	1,352	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Adjustments to reconcile net income to net cash provided by operating activities
Net accretion of bond premium
-3,008	-2,298	-2,035	-2,276	-2,763	-2,270	-2,194	-2,146	-2,178	-2,209	-2,146	-2,265	-2,252	-1,868	1,895	-3,629	-3,447	5,114	-3,408	-3,424	-3,702	-3,449	-3,384	-3,900	-3,701	-3,576	-3,726	-4,008	-3,981	-4,274	-3,782	-3,607	-3,520	-3,928	-3,942	-2,063	-1,705
Depreciation and amortization
1,636	6,956	1,617	1,452	1,166	1,159	1,699	1,157	1,159	1,073	1,168	1,168	1,165	1,156	1,700	1,553	1,626	-1,233	4,472	1,616	1,618	1,442	1,692	1,462	2,295	1,483	1,190	1,145	1,785	1,990	2,318	1,386	2,285	3,024	851	1,002	706
Stock-based compensation expense
1,634	904	1,203	1,357	2,688	1,209	1,322	1,437	1,281	1,352	1,202	1,210	1,044	965	866	888	977	693	617	647	553	499	501	507	437	341	618	407	411	446	402	520	396	445	445	450	489
Net realized investment (gains) losses
-93,407	3,653	9,822	13,591	26,713	-27,583	13,971	1,297	-7,864	658	67	1,081	2,249	115	1,181	1,596	2,055	-1,498	966	769	887	1,474	894	2,708	2,194	1,445	1,190	4,151	1,909	795	1,300	564	2,794	1,444	1,219	1,124	2,653
Net cash flows from equity and trading investments
2,156	504	272	-596	1,235	1,261	-586	21,456	383	-2,725	2,340	-914	-610	-2,354	-292	385	-129	417	2,011	142	510	78	548	-1,808	-5,673	16	2,551	1,239	46	740	411	595	-1,343	-389	500	-1,899	-205
Deferred income tax benefit
-21,803	1,319	1,113	2,853	4,863	-9,961	2,577	-4,957	-3,879	-942	-2,146	-1,858	-975	7,178	-2,086	-2,083	322	-1,720	-1,112	-1,223	-1,519	4,565	-1,293	213	-1,559	3,984	-2,256	-2,556	460	309	517	1,615	5,011	5,613	-4,330	-7,688	117
Changes in:
Accrued investment income
11	-422	404	-1,283	709	-1,099	1,157	633	1,242	-1,070	651	-686	1,329	43	1,066	-1,924	1,689	59	1,103	-1,819	1,020	-1,536	366	-1,527	763	-1,141	-317	-698	-296	-854	-1,521	187	344	400	-392	-107	-400
Premiums receivable
5,570	-29,985	-15,270	37,701	18,361	-32,468	-949	41,235	10,494	-22,897	-10,456	37,438	18,226	-25,040	-8,609	37,089	26,245	-19,141	-7,148	33,850	19,926	-9,550	-9,514	31,670	17,789	-15,112	-3,899	29,726	19,631	-15,303	-7,613	24,297	14,560	-13,639	-3,520	20,779	8,447
Deferred policy acquisition costs
43	-4,208	-3,063	5,672	3,095	-2,344	75	5,229	1,734	-9,375	-3,926	5,418	2,623	-7,453	-739	7,428	3,579	802	2,327	8,224	6,333	-3,802	-924	9,019	2,124	-1,950	1,352	371	2,917	-878	-175	6,046	-1,526	-13,948	-4,134	4,654	1,719
Reinsurance receivables
26,026	14,696	4,894	-3,838	-4,720	-4,811	7,338	-4,696	312	-4,922	978	3,849	582	-16,430	4,811	9,195	-1,782	-214	523	-9,491	-3,427	2,743	2,753	-3,967	-2,170	-13,370	-3,953	-15,366	5,741	-33,226	-5,273	1,125	23,199	16,122	1,644	6,713	-830
Prepaid reinsurance premiums
2,139	1,600	-162	606	443	1,207	954	900	253	-72	-145	125	59	-220	-151	41	322	-108	-76	47	295	-80	-58	140	470	-278	-98	318	255	-199	-153	-226	-2,650	-1,110	-1,176	467	135
Income taxes receivable
15,150	7,184	2,884	4,734	-10,647	4,766	10,269	0	-6,031	-15,329	13,375	-1,549	-4,751	2,915	-971	12,341	0	-	-	-	-	-4,959	1,068	3,891	-1,786	-1,138	2,924	-2,386	-14,150	753	1,329	-8,362	-3,926	-161	2,442	5,047	-1,018
Other assets
7,126	-5,673	-1,061	-2,328	21,034	1,301	121	206	-104	1,107	874	143	341	-99	-612	-1,287	1,240	-464	1,757	-893	697	-99	217	1,625	-2,324	1,551	1,048	-169	-1,013	972	-616	-1,268	-2,691	-11,132	356	7,161	-6,355
Losses and loss settlement expenses
16,651	61,215	18,873	38,170	-8,987	34,406	37,230	20,866	-4,202	-13,097	56,802	39,759	16,823	33,729	7,465	54,842	23,965	-26,474	17,197	35,009	8,726	-23,066	33,225	18,121	19,648	-7,153	17,688	4,352	6,364	13,955	16,084	13,749	20,596	-837	15,326	45,667	7,146
Unearned premiums
15,798	-23,052	-11,766	29,267	17,795	-15,932	-8,882	40,820	11,521	-25,052	-11,901	35,311	23,231	-24,869	-7,152	39,850	21,001	-13,761	-2,951	33,513	19,535	-11,713	-4,708	34,364	20,318	-13,672	-341	28,157	14,670	-12,688	-5,959	26,078	15,228	-11,300	-1,841	20,452	9,090
Accrued expenses and other liabilities
-1,958	-1,162	6,259	9,287	1,275	-8,665	-13,037	16,308	-6,925	12,007	-26,890	23,525	-9,065	-1,407	-13,281	14,288	-7,205	15,659	-14,868	36,598	-20,919	34,440	-8,070	16,702	-17,785	-528	11,492	2,603	-5,068	-2,906	12,808	-673	5,721	-18,291	-3,698	13,986	11,507
Income taxes payable
-	-	-	-	-	-	-5,539	-12,042	17,581	-	-	0	0	-448	0	-5,645	728	5,078	0	-8,802	3,790	5,012	0	-1,948	1,948	-	-	1,567	0	-	-	-	-	-	-	-	-
Deferred income taxes
-4,463	-324	434	0	0	2,448	-5,756	15	14,039	27,677	-4,102	4,834	-2,526	1,170	-3,215	2	548	359	65	1	433	-1,081	1,258	0	72	-2,240	-2,023	-1,055	-1,665	5,414	372	-961	3,409	240	-1,177	1,021	-2
Other, net
11,120	-1,711	1,507	558	-1,628	5,896	2,698	-455	1,708	1,458	-1,007	4,431	-1,504	-8,338	-3,079	-589	2,063	-1,693	246	-1,809	342	-2,445	2,607	-1,937	-1,038	-3,342	-980	-2,865	31	502	-1,242	-931	-1,200	-1,023	2,639	-1,233	747
Cash from operating activities - continuing operations
-	-	-	-	-	70,226	-7,504	41,917	6,730	506	24,398	54,244	14,229	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash from operating activities - discontinued operations
-	-	-	-	-	0	1	-1	4,024	8,033	-1,154	18,574	6,394	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash from operating activities - gain on sale of discontinued operations
-	-	-	-	-	0	0	0	34,851	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash from operating activities
70,047	60,750	22,231	29,769	-33,818	70,226	-7,503	41,916	-24,097	8,539	23,244	72,818	20,623	74,280	35,450	42,637	12,899	38,503	13,617	62,385	-9,826	29,151	31,826	26,017	5,160	16,938	35,897	23,165	9,351	49,148	41,471	24,544	16,701	2,954	18,572	27,435	25,459
Net cash provided by (used in) operating activities
-2,487	37,587	19,889	25,573	10,703	40,890	3,567	42,073	23,574	53,798	4,162	72,927	39,207	86,315	46,992	45,751	35,326	65,592	33,151	77,403	13,853	63,947	32,151	36,702	18,491	43,464	47,622	38,661	31,744	46,730	50,201	39,260	35,885	19,845	13,796	9,521	31,269
Cash Flows From Investing Activities
Proceeds from sale of available-for-sale investments
11,910	5,270	0	0	36,490	2,385	105,871	23,994	0	4,016	2,292	0	1,096	0	-1,074	1,074	1,968	-7,750	0	3,211	5,017	0	3,081	10	0	0	17,036	3,161	2,810	8,321	-1,409	10,412	3,000	17,625	504	16,520	4,847
Proceeds from Maturities, Prepayments and Calls of Held-to-maturity Securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	6	8	-3	67	10	31	17	217	15	11	447	377	161	19	393	2,031	210	75	1,193	341	223	486
Proceeds from call and maturity of available-for-sale investments
68,976	59,037	94,654	73,084	38,740	20,413	41,186	30,331	30,320	57,018	58,320	36,128	40,055	63,133	-50,958	168,849	142,629	-279,673	153,192	201,348	172,825	170,467	141,716	145,771	103,480	106,540	131,892	111,125	127,514	94,101	131,285	153,049	149,285	125,043	122,237	118,788	197,447
Proceeds from short-term and other investments
1,889	790	1,292	1,288	1,027	776	2,711	2,738	3,078	1,186	1,661	1,520	1,665	222	313	623	789	-340	388	383	3,450	513	722	884	764	4,601	687	1,475	407	1,019	916	285	2,590	158	3,029	6	1,548
Proceeds from sale of discontinued operations
-	-	-	-	-	0	0	0	276,055	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchase of available-for-sale investments
57,182	61,909	107,128	19,393	25,007	21,724	102,023	290,518	93,115	98,836	49,649	32,375	80,097	130,893	-25,153	213,875	124,338	-146,894	118,021	250,145	133,920	181,932	161,918	138,205	131,989	118,478	173,348	152,971	142,615	96,210	142,429	162,483	252,345	162,270	140,084	137,885	154,923
Purchase of mortgage loans
2,746	6,210	0	2,227	8,496	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchase of short-term and other investments
1,469	27,436	4,953	8,675	3,311	3,295	1,829	1,319	676	1,564	2,012	1,262	1,590	1,383	2,357	415	0	460	1,060	2,023	1,560	1,548	865	786	1,152	10,900	900	1,675	900	1,350	4,350	1,700	2,950	450	1,201	1,252	454
Net purchases and sales of property and equipment
7,144	-	-	-	12,017	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net purchases and sales of property and equipment
-	-	-	-	-	9,293	10,748	9,161	3,851	5,528	7,769	2,469	1,392	1,510	3,265	2,256	569	-1,067	7,052	1,830	1,881	2,459	1,538	1,294	2,860	3,862	1,930	2,273	386	1,495	534	-36	893	7,282	10,252	-3,586	100
Cash from investing activities - continuing operations
-	-	-	-	-	-21,695	30,168	-253,831	211,811	-43,708	2,843	1,542	-40,263	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash from investing activities - discontinued operations
-	-	-	-	-	0	0	0	14,343	-13,916	17,561	1,921	12,035	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Acquisition of property and casualty company, net of cash acquired
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,226	-1,225	-1	172,620
Net cash provided by investing activities
14,234	-35,088	-23,011	35,174	27,426	-21,695	30,168	-253,831	226,154	-57,624	20,404	3,463	-28,228	-92,379	5,483	-45,994	20,487	-58,716	27,514	-49,046	43,962	-14,942	-18,585	6,395	-31,746	-21,652	-26,186	-40,997	-13,151	4,579	-14,490	-191	-101,238	-27,209	-24,201	-13	-123,769
Cash Flows From Financing Activities
Deposits to investment and universal life contracts
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	20,322	25,145	-	21,393	21,241	36,099	49,353	35,015	46,838	49,281	52,379	45,807	26,717	25,369	31,352	31,587	37,923	40,390	42,421	56,768	40,247	31,242
Withdrawals from investment and universal life contracts
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	39,718	41,954	-	46,026	62,566	67,248	73,427	56,474	58,214	55,882	62,826	58,174	41,608	46,219	49,903	37,457	35,778	33,743	33,209	29,244	28,279	28,984
Borrowings of short-term debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	45,000	0	0	79,900
Repayment of short-term debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Repayment of trust preferred securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	7,579	8,047	-	-	-	-
Payment of cash dividends
8,249	8,256	8,284	8,325	7,797	7,773	82,919	7,756	6,960	6,973	6,984	7,013	6,367	6,345	6,348	6,345	5,553	5,634	5,521	5,506	4,997	5,008	5,042	5,063	4,567	4,574	4,568	4,556	3,786	3,814	3,814	3,815	3,826	3,825	3,842	3,911	3,929
Repurchase of common stock
2,741	3,573	8,058	69	0	0	0	0	5,404	0	8,600	15,435	5,749	879	2,867	0	0	0	980	360	1,083	1,693	5,682	5,567	0	-	-	-	-	-	-	-	-	-	-	-	-
Issuance of common stock
755	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Issuance of common stock
-	344	388	895	750	780	597	3,501	2,293	1,868	753	963	1,244	2,773	1,011	1,393	4,745	2,817	1,304	1,022	353	478	325	634	823	318	1,610	862	603	346	359	358	43	69	0	139	0
Tax impact from issuance of common stock
-	-	-	-	-	-	-	-	-	-	-	-	-	334	128	-310	664	358	156	126	193	66	136	-112	70	914	-209	-139	-78	11	-32	-66	9	-5	0	20	-14
Cash from financing activities - continued operations
-	-	-	-	-	-6,993	-82,322	-4,255	-10,071	-5,105	-14,831	-21,485	-10,872	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash from financing activities - discontinued operations
-	-	-	-	-	0	0	0	-11,547	-9,017	-10,795	-18,140	-17,304	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash used in financing activities
-11,745	-11,485	-15,954	-7,499	-7,047	-6,993	-82,322	-4,255	-21,618	-14,122	-25,626	-39,625	-28,176	-24,027	-31,231	-24,038	-18,281	-24,487	-29,986	-46,295	-37,069	-30,363	-31,910	-21,484	-10,275	-16,310	-15,534	-18,823	-24,111	-26,409	-55,123	-11,091	-5,174	-2,586	-12,532	2,134	78,215
Net Change in Cash and Cash Equivalents
2	-8,986	-19,076	53,248	31,082	12,202	-48,587	-216,013	228,110	-17,948	-1,060	36,765	-17,197	-30,091	21,244	-24,281	37,532	-17,611	30,679	-17,938	20,746	18,642	-18,344	21,613	-23,530	5,502	5,902	-21,159	-5,518	24,900	-19,412	27,978	-70,527	-9,950	-22,937	11,642	-14,285
Less: decrease (increase) in cash and cash equivalents - discontinued operations
-	-	-	-	-	0	1	-1	6,820	-14,900	5,612	2,355	1,125	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net increase (decrease) in cash and cash equivalents - continuing operations
-	-	-	-	-	12,202	-48,588	-216,012	221,290	-3,048	-6,672	34,410	-18,322	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-