UNITED FIRE GROUP INC UFCS Cash Flow

United fire group inc (UFCS)

CashFlow / TTM

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)
-102,235	14,820	8,647	22,059	26,412	27,650	102,979	74,045	76,846	51,023	17,025	47,257	47,413	49,904	68,804	75,970	87,874	89,126	93,027	73,818	69,485	59,137	50,867	62,267	67,078	76,140	47,196	44,201	43,421	40,212	59,521	46,015	13,385	11	0	0	0
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent
-	-	-	-	-	-1,912	-1,178	40	2,889	6,153	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Adjustments to reconcile net income to net cash provided by operating activities
Net accretion of bond premium
-9,617	-9,372	-9,344	-9,503	-9,373	-8,788	-8,727	-8,679	-8,798	-8,872	-8,531	-4,490	-5,854	-7,049	-67	-5,370	-5,165	-5,420	-13,983	-13,959	-14,435	-14,434	-14,561	-14,903	-15,011	-15,291	-15,989	-16,045	-15,644	-15,183	-14,837	-14,997	-13,453	-11,638	0	0	0
Depreciation and amortization
11,661	11,191	5,394	5,476	5,181	5,174	5,088	4,557	4,568	4,574	4,657	5,189	5,574	6,035	3,646	6,418	6,481	6,473	9,148	6,368	6,214	6,891	6,932	6,430	6,113	5,603	6,110	7,238	7,479	7,979	9,013	7,546	7,162	5,583	0	0	0
Stock-based compensation expense
5,098	6,152	6,457	6,576	6,656	5,249	5,392	5,272	5,045	4,808	4,421	4,085	3,763	3,696	3,424	3,175	2,934	2,510	2,316	2,200	2,060	1,944	1,786	1,903	1,803	1,777	1,882	1,666	1,779	1,764	1,763	1,806	1,736	1,829	0	0	0
Net realized investment (gains) losses
-66,341	53,779	22,543	26,692	14,398	-20,179	8,062	-5,842	-6,058	4,055	3,512	4,626	5,141	4,947	3,334	3,119	2,292	1,124	4,096	4,024	5,963	7,270	7,241	7,537	8,980	8,695	8,045	8,155	4,568	5,453	6,102	6,021	6,581	6,440	0	0	0
Net cash flows from equity and trading investments
2,336	1,415	2,172	1,314	23,366	22,514	18,528	21,454	-916	-1,909	-1,538	-4,170	-2,871	-2,390	381	2,684	2,441	3,080	2,741	1,278	-672	-6,855	-6,917	-4,914	-1,867	3,852	4,576	2,436	1,792	403	-726	-637	-3,131	-1,993	0	0	0
Deferred income tax benefit
-16,518	10,148	-1,132	332	-7,478	-16,220	-7,201	-11,924	-8,825	-5,921	2,199	2,259	2,034	3,331	-5,567	-4,593	-3,733	-5,574	711	530	1,966	1,926	1,345	382	-2,387	-368	-4,043	-1,270	2,901	7,452	12,756	7,909	-1,394	-6,288	0	0	0
Changes in:
Accrued investment income
-1,290	-592	-1,269	-516	1,400	1,933	1,962	1,456	137	224	1,337	1,752	514	874	890	927	1,032	363	-1,232	-1,969	-1,677	-1,934	-1,539	-2,222	-1,393	-2,452	-2,165	-3,369	-2,484	-1,844	-590	539	245	-499	0	0	0
Premiums receivable
-1,984	10,807	8,324	22,645	26,179	18,312	27,883	18,376	14,579	22,311	20,168	22,015	21,666	29,685	35,584	37,045	33,806	27,487	37,078	34,712	32,532	30,395	24,833	30,448	28,504	30,346	30,155	26,441	21,012	15,941	17,605	21,698	18,180	12,067	0	0	0
Deferred policy acquisition costs
-1,556	1,496	3,360	6,498	6,055	4,694	-2,337	-6,338	-6,149	-5,260	-3,338	-151	1,859	2,815	11,070	14,136	14,932	17,686	13,082	9,831	10,626	6,417	8,269	10,545	1,897	2,690	3,762	2,235	7,910	3,467	-9,603	-13,562	-14,954	-11,709	0	0	0
Reinsurance receivables
41,778	11,032	-8,475	-6,031	-6,889	-1,857	-1,968	-8,328	217	487	-11,021	-7,188	-1,842	-4,206	12,010	7,722	-10,964	-12,609	-9,652	-7,422	-1,898	-641	-16,754	-23,460	-34,859	-26,948	-46,804	-48,124	-31,633	-14,175	35,173	42,090	47,678	23,649	0	0	0
Prepaid reinsurance premiums
4,183	2,487	2,094	3,210	3,504	3,314	2,035	936	161	-33	-181	-187	-271	-8	104	179	185	158	186	204	297	472	274	234	412	197	276	221	-323	-3,228	-4,139	-5,162	-4,469	-1,684	0	0	0
Income taxes receivable
29,952	4,155	1,737	9,122	4,388	9,004	-11,091	-7,985	-9,534	-8,254	9,990	-4,356	9,534	14,285	0	0	0	-	-	-	-	-1,786	2,035	3,891	-2,386	-14,750	-12,859	-14,454	-20,430	-10,206	-11,120	-10,007	3,402	6,310	0	0	0
Other assets
-1,936	11,972	18,946	20,128	22,662	1,524	1,330	2,083	2,020	2,465	1,259	-227	-1,657	-758	-1,123	1,246	1,640	1,097	1,462	-78	2,440	-581	1,069	1,900	106	1,417	838	-826	-1,925	-3,603	-15,707	-14,735	-6,306	-9,970	0	0	0
Losses and loss settlement expenses
134,909	109,271	82,462	100,819	83,515	88,300	40,797	60,369	79,262	100,287	147,113	97,776	112,859	120,001	59,798	69,530	49,697	34,458	37,866	53,894	37,006	47,928	63,841	48,304	34,535	21,251	42,359	40,755	50,152	64,384	49,592	48,834	80,752	67,302	0	0	0
Unearned premiums
10,247	12,244	19,364	22,248	33,801	27,527	18,407	15,388	9,879	21,589	21,772	26,521	31,060	28,830	39,938	44,139	37,802	36,336	38,384	36,627	37,478	38,261	36,302	40,669	34,462	28,814	29,798	24,180	22,101	22,659	24,047	28,165	22,539	16,401	0	0	0
Accrued expenses and other liabilities
12,426	15,659	8,156	-11,140	-4,119	-12,319	8,353	-5,500	1,717	-423	-13,837	-228	-9,465	-7,605	9,461	7,874	30,184	16,470	35,251	42,049	22,153	25,287	-9,681	9,881	-4,218	8,499	6,121	7,437	4,161	14,950	-435	-16,941	-2,282	3,504	0	0	0
Income taxes payable
-	-	-	-	-	-	0	0	0	-	-	-448	-6,093	-5,365	161	161	-2,996	66	0	0	6,854	5,012	0	0	0	-	-	0	0	-	-	-	-	-	-	-	-
Deferred income taxes
-4,353	110	2,882	-3,308	-3,293	10,746	35,975	37,629	42,448	25,883	-624	263	-4,569	-1,495	-2,306	974	973	858	-582	611	610	249	-910	-4,191	-5,246	-6,983	671	3,066	3,160	8,234	3,060	1,511	3,493	82	0	0	0
Other, net
11,474	-1,274	6,333	7,524	6,511	9,847	5,409	1,704	6,590	3,378	-6,418	-8,490	-13,510	-9,943	-3,298	27	-1,193	-2,914	-3,666	-1,305	-1,433	-2,813	-3,710	-7,297	-8,225	-7,156	-3,312	-3,574	-1,640	-2,871	-4,396	-515	-817	1,130	0	0	0
Cash from operating activities - continuing operations
-	-	-	-	-	111,369	41,649	73,551	85,878	93,377	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash from operating activities - discontinued operations
-	-	-	-	-	4,024	12,057	10,902	29,477	31,847	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash from operating activities - gain on sale of discontinued operations
-	-	-	-	-	34,851	34,851	34,851	34,851	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash from operating activities
182,797	78,932	88,408	58,674	70,821	80,542	18,855	49,602	80,504	125,224	190,965	203,171	172,990	165,266	129,489	107,656	127,404	104,679	95,327	113,536	77,168	92,154	79,941	84,012	81,160	85,351	117,561	123,135	124,514	131,864	85,670	62,771	65,662	74,420	0	0	0
Net cash provided by (used in) operating activities
80,562	93,752	97,055	80,733	97,233	110,104	123,012	123,607	154,461	170,094	202,611	245,441	218,265	214,384	193,661	179,820	211,472	189,999	188,354	187,354	146,653	151,291	130,808	146,279	148,238	161,491	164,757	167,336	167,935	172,076	145,191	108,786	79,047	74,431	0	0	0
Cash Flows From Investing Activities
Proceeds from sale of available-for-sale investments
17,180	41,760	38,875	144,746	168,740	132,250	133,881	30,302	6,308	7,404	3,388	22	1,096	1,968	-5,782	-4,708	-2,571	478	8,228	11,309	8,108	3,091	3,091	17,046	20,197	23,007	31,328	12,883	20,134	20,324	29,628	31,541	37,649	39,496	0	0	0
Proceeds from Maturities, Prepayments and Calls of Held-to-maturity Securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	78	82	105	125	275	280	260	690	850	996	1,004	950	2,604	2,653	2,709	3,509	1,819	1,832	2,243	0	0	0
Proceeds from call and maturity of available-for-sale investments
295,751	265,515	226,891	173,423	130,670	122,250	158,855	175,989	181,786	191,521	197,636	88,358	221,079	323,653	-19,153	184,997	217,496	247,692	697,832	686,356	630,779	561,434	497,507	487,683	453,037	477,071	464,632	464,025	505,949	527,720	558,662	549,614	515,353	563,515	0	0	0
Proceeds from short-term and other investments
5,259	4,397	4,383	5,802	7,252	9,303	9,713	8,663	7,445	6,032	5,068	3,720	2,823	1,947	1,385	1,460	1,220	3,881	4,734	5,068	5,569	2,883	6,971	6,936	7,527	7,170	3,588	3,817	2,627	4,810	3,949	6,062	5,783	4,741	0	0	0
Proceeds from sale of discontinued operations
-	-	-	-	-	276,055	276,055	276,055	276,055	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchase of available-for-sale investments
245,612	213,437	173,252	168,147	439,272	507,380	584,492	532,118	273,975	260,957	293,014	218,212	399,712	443,953	166,166	309,340	345,610	355,192	684,018	727,915	615,975	614,044	550,590	562,020	576,786	587,412	565,144	534,225	543,737	653,467	719,527	717,182	692,584	595,162	0	0	0
Purchase of mortgage loans
11,183	16,933	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchase of short-term and other investments
42,533	44,375	20,234	17,110	9,754	7,119	5,388	5,571	5,514	6,428	6,247	6,592	5,745	4,155	3,232	1,935	3,543	5,103	6,191	5,996	4,759	4,351	13,703	13,738	14,627	14,375	4,825	8,275	8,300	10,350	9,450	6,301	5,853	3,357	0	0	0
Net purchases and sales of property and equipment
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net purchases and sales of property and equipment
-	-	-	-	-	33,053	29,288	26,309	19,617	17,158	13,140	8,636	8,423	7,600	5,023	8,810	8,384	9,696	13,222	7,708	7,172	8,151	9,554	9,946	10,925	8,451	6,084	4,688	2,379	2,886	8,673	18,391	14,841	14,048	0	0	0
Cash from investing activities - continuing operations
-	-	-	-	-	-33,547	-55,560	-82,885	172,488	-79,586	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash from investing activities - discontinued operations
-	-	-	-	-	14,343	427	17,988	19,909	17,601	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Acquisition of property and casualty company, net of cash acquired
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	172,620	0	0	0
Net cash provided by investing activities
-8,691	4,501	17,894	71,073	-217,932	-19,204	-55,133	-64,897	192,397	-61,985	-96,740	-111,661	-161,118	-112,403	-78,740	-56,709	-59,761	-36,286	7,488	-38,611	16,830	-58,878	-65,588	-73,189	-120,581	-101,986	-75,755	-64,059	-23,253	-111,340	-143,128	-152,839	-152,661	-175,192	0	0	0
Cash Flows From Financing Activities
Deposits to investment and universal life contracts
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	88,532	-	128,086	141,708	167,305	180,487	183,513	194,305	174,184	150,272	129,245	115,025	126,231	141,252	152,321	177,502	179,826	170,678	0	0	0
Withdrawals from investment and universal life contracts
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	192,611	-	249,267	259,715	255,363	243,997	233,396	235,096	218,490	208,827	195,904	175,187	169,357	156,881	140,187	131,974	124,475	119,716	0	0	0
Borrowings of short-term debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	124,900	0	0	0
Repayment of short-term debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Repayment of trust preferred securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	15,626	0	0	0	-	-	-	-
Payment of cash dividends
33,114	32,662	32,179	106,814	106,245	105,408	104,608	28,673	27,930	27,337	26,709	26,073	25,405	24,591	23,880	23,053	22,214	21,658	21,032	20,553	20,110	19,680	19,246	18,772	18,265	17,484	16,724	15,970	15,229	15,269	15,280	15,308	15,404	15,507	0	0	0
Repurchase of common stock
14,441	11,700	8,127	69	0	5,404	5,404	14,004	29,439	29,784	30,663	24,930	9,495	3,746	2,867	980	1,340	2,423	4,116	8,818	14,025	12,942	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Issuance of common stock
0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Issuance of common stock
-	2,377	2,813	3,022	5,628	7,171	8,259	8,415	5,877	4,828	5,733	5,991	6,421	9,922	9,966	10,259	9,888	5,496	3,157	2,178	1,790	2,260	2,100	3,385	3,613	3,393	3,421	2,170	1,666	1,106	829	470	251	208	0	0	0
Tax impact from issuance of common stock
-	-	-	-	-	-	-	-	-	-	-	-	-	816	840	868	1,304	833	541	521	283	160	1,008	663	636	488	-415	-238	-165	-78	-94	-62	24	1	0	0	0
Cash from financing activities - continued operations
-	-	-	-	-	-103,641	-101,753	-34,262	-51,492	-52,293	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash from financing activities - discontinued operations
-	-	-	-	-	-11,547	-20,564	-31,359	-49,499	-55,256	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash used in financing activities
-46,683	-41,985	-37,493	-103,861	-100,617	-115,188	-122,317	-65,621	-100,991	-107,549	-117,454	-123,059	-107,472	-97,577	-98,037	-96,792	-119,049	-137,837	-143,713	-145,637	-120,826	-94,032	-79,979	-63,603	-60,942	-74,778	-84,877	-124,466	-116,734	-97,797	-73,974	-31,383	-18,158	65,231	0	0	0
Net Change in Cash and Cash Equivalents
25,188	56,268	77,456	47,945	-221,316	-24,288	-54,438	-6,911	245,867	560	-11,583	10,721	-50,325	4,404	16,884	26,319	32,662	15,876	52,129	3,106	42,657	-1,619	-14,759	9,487	-33,285	-15,273	4,125	-21,189	27,948	-37,061	-71,911	-75,436	-91,772	-35,530	0	0	0
Less: decrease (increase) in cash and cash equivalents - discontinued operations
-	-	-	-	-	6,820	-8,080	-2,469	-113	-5,808	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net increase (decrease) in cash and cash equivalents - continuing operations
-	-	-	-	-	-31,108	-46,358	-4,442	245,980	6,368	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-