United insurance holdings corp. (UIHC)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09
OPERATING ACTIVITIES
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest

-29,872

290

10,145

5,698

27,358

41,013

20,342

9,705

8,088

-925

4,057

Net Income (Loss) Available to Common Stockholders, Basic

-

-

-

-

-

-

-

9,705

-

-

-

Adjustments to reconcile net income to net cash provided by operating activities
Depreciation and amortization

11,997

18,482

37,532

11,713

3,328

801

697

684

719

1,106

1,188

Bond amortization and accretion

-5,323

-5,005

-5,073

-3,677

-1,997

-1,522

-1,323

-576

-499

-

-

Net realized gains (losses)

1,228

1,655

67

547

827

-20

-129

2,160

158

4,346

1,837

Unrealized Gain (Loss) on Investments

24,761

-9,300

0

0

-

-

-

-

-

-

-

Marketable Securities, Realized Loss, Other than Temporary Impairments, Amount

-

-

-

-

-

-

-

-

31

97

1,878

Amortization of Debt Discount (Premium)

-

-

-

-

-

-

-

-

-

159

419

Gains (Losses) on Extinguishment of Debt

-

-

-

-

-

-

-

-

-

-726

0

Provision for uncollectable premiums/over and short

553

358

494

64

272

73

59

37

23

42

83

Deferred income taxes, net

4,280

2,470

8,584

-2,210

-2,305

1,181

-1,150

661

600

-352

-1,255

Stock based compensation

3,007

2,414

2,613

1,947

1,974

649

133

55

0

0

75

Changes in operating assets and liabilities:
Accrued investment income

-116

440

531

172

676

487

992

-226

572

-705

-273

Premiums receivable

-8,695

20,899

5,447

-5,409

8,577

5,366

8,981

5,986

3,403

323

-2,589

Reinsurance recoverable on paid and unpaid losses

-75,862

230,224

351,516

18,459

893

-358

154

-2,186

-22,846

1,827

2,873

Ceded unearned premiums

52,149

15,981

46,796

53,165

15,572

8,559

5,352

8,948

2,660

-1,978

13,767

Deferred policy acquisition costs, net

-1,010

1,700

38,409

18,741

14,807

6,739

8,208

4,654

2,982

86

-958

Other assets

6,817

1,545

-4,051

11,006

3,897

1,493

-28

-2,238

-371

398

3,047

Unpaid losses and loss adjustment expenses

99,154

178,971

280,848

39,096

19,966

6,985

11,759

-2,092

13,814

-3,302

-4,014

Unearned premiums

46,742

71,440

54,825

41,327

65,521

36,058

64,644

28,655

22,969

3,330

-553

Reinsurance payable

-9,141

26,155

26,820

36,391

18,290

5,771

13,420

9,492

1,589

-13,180

11,468

Payments outstanding

1,021

14,748

19,853

0

-218

-

-

-

-

-

-

Accounts Payable

7,544

24,454

15,905

8,005

-1,837

-

-

-

-

-

-

Change in Operating Lease Liability

324

0

0

-

-

-

-

-

-

-

-

Other liabilities

15,528

-51,048

28,739

12,300

4,612

-507

19,769

1,978

5,703

1,345

267

Net cash provided by operating activities

149,015

25,759

35,548

65,747

98,319

68,918

109,766

35,515

38,649

-7,943

6,447

INVESTING ACTIVITIES
Proceeds from sales and maturities of fixed maturities

255,197

219,572

113,755

187,522

199,575

219,893

102,227

52,640

36,594

160,648

81,931

Proceeds from Sale of Equity Securities

2,201

9,726

3,888

-

-

-

-

-

-

-

-

Proceeds from Sale and Maturity of Other Investments

7,104

1,302

10,686

-

-

-

-

-

-

-

-

Proceeds from Collection of Policy Loans

0

20,000

0

-

-

-

-

-

-

-

-

Payments to Acquire Fixed Maturities, Available-for-sale

254,357

336,590

168,061

-

-

-

-

-

-

-

-

Purchases of Equity securities

15,373

34,050

26,419

201,234

270,141

305,013

246,514

79,285

102,464

80,343

85,124

Payments to Acquire Other Investments

6,855

1,534

11,240

-

-

-

-

-

-

-

-

Payments to Acquire Loans Receivable

0

0

20,000

0

0

-

-

-

-

-

-

Cash Acquired from Acquisition

0

0

95,284

0

14,467

0

0

-

-

-

-

Payments to Acquire Businesses, Net of Cash Acquired

-

-

-

32,896

0

0

-

-

-

-

-

Payments to Acquire Notes Receivable

-

-

-

-

-

-

-

-

2,250

0

0

Cost of property, equipment and capitalized software acquired

21,896

4,068

5,237

3,149

10,916

6,346

1,867

452

20

73

108

Cost of capitalized software acquired

-

-

-

-

-

-

-

-

15

311

206

Net cash provided by (used in) investing activities

-33,979

-125,642

-7,344

-49,757

-67,015

-91,466

-146,154

-27,097

-68,155

79,921

-3,507

FINANCING ACTIVITIES
Investment in Subsidiary - NCI

0

20,000

0

-

-

-

-

-

-

-

-

Tax withholding payment related to net settlement of equity awards

296

418

287

270

185

110

0

0

-

-

-

Proceeds from borrowings

0

0

150,000

35,200

0

0

-

-

-

-

-

Payments of Debt Issuance Costs

0

63

3,264

596

0

0

-

-

-

-

-

Repayments of borrowings

1,523

1,523

40,075

1,379

3,422

1,177

1,176

1,177

1,176

24,078

294

Repurchases of common stock

-

-

-

-

-

-

-

-

431

0

0

Payments of Dividends

10,280

10,268

8,991

4,974

4,302

3,336

1,944

982

518

529

-1,586

Proceeds from (Repayments of) Bank Overdrafts

-

-

-

21,931

0

-367

-400

-640

1,626

-2,813

-3,468

Proceeds from Issuance of Common Stock

-

-

-

-

-

54,041

3,591

23,947

0

0

-

Net Cash Provided by (Used in) Financing Activities

-12,099

7,728

97,383

49,912

-7,909

49,051

71

21,148

-499

-27,420

-5,348

Cash, Cash Equivalents, Restricted Cash Increase (decrease)

102,937

-92,155

125,587

65,902

23,395

26,503

-36,317

29,566

-30,005

44,558

-2,408

Supplemental Cash Flows Information
Document Fiscal Year Focus

2,019

-

-

-

-

-

-

-

-

-

-

Interest Paid

9,730

9,861

3,407

285

296

389

341

311

553

2,298

2,592

Income taxes paid

517

4,673

3,896

7,194

13,223

27,901

9,867

6,753

4,360

0

3,987

Stock Issued

0

0

285,468

0

0

-

-

-

-

-

-

Parent Company [Member]
Net Income (Loss) Attributable to Parent

-29,872

290

10,145

-

-

-

-

-

-

-

-

Net Income (Loss), Including Portion Attributable to Noncontrolling Interest

-29,485

394

10,145

-

-

-

-

-

-

-

-

Depreciation and amortization

1,131

1,079

1,208

-

-

-

-

-

-

-

-

Accretion (Amortization) of Discounts and Premiums, Investments

-66

6

0

-

-

-

-

-

-

-

-

Debt and Equity Securities, Gain (Loss)

63

-160

0

-

-

-

-

-

-

-

-

Unrealized Gain (Loss) on Investments

4,036

-1,223

0

-

-

-

-

-

-

-

-

Increase (Decrease) in Deferred Income Taxes

511

570

777

-

-

-

-

-

-

-

-

Share-based Payment Arrangement, Noncash Expense

3,007

2,414

2,613

-

-

-

-

-

-

-

-

Increase (Decrease) in Accrued Investment Income Receivable

-113

192

0

-

-

-

-

-

-

-

-

Increase (Decrease) in Other Operating Assets

-9,976

908

-359

-

-

-

-

-

-

-

-

Accounts payable

-22

-524

447

-

-

-

-

-

-

-

-

Change in Operating Lease Liability

64

0

0

-

-

-

-

-

-

-

-

Increase (Decrease) in Other Operating Liabilities

313

0

-1,905

-

-

-

-

-

-

-

-

Net Cash Provided by (Used in) Operating Activities

-37,913

76,809

23,687

-

-

-

-

-

-

-

-

Proceeds from sales and maturities of investments available for sale

35,036

37,315

0

-

-

-

-

-

-

-

-

Payments to Acquire Property, Plant, and Equipment

4,749

1,032

449

-

-

-

-

-

-

-

-

Net Cash Provided by (Used in) Investing Activities

47,429

-140,477

-50,316

-

-

-

-

-

-

-

-

Payment, Tax Withholding, Share-based Payment Arrangement

296

418

287

-

-

-

-

-

-

-

-

Payments of Debt Issuance Costs

0

-63

-3,264

-

-

-

-

-

-

-

-

Repayments of Long-term Debt

-347

-347

-38,897

-

-

-

-

-

-

-

-

Payments of Dividends

10,280

10,268

8,991

-

-

-

-

-

-

-

-

Net Cash Provided by (Used in) Financing Activities

-10,923

-11,096

98,561

-

-

-

-

-

-

-

-

Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Excluding Exchange Rate Effect

-1,407

-74,764

71,932

-

-

-

-

-

-

-

-