United insurance holdings corp. (UIHC)
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 (Loss), Including Portion Attributable to Noncontrolling Interest

-12,516

-8,051

-28,215

-2,797

9,578

-11,072

-11,707

14,700

8,369

27,001

-28,012

7,257

3,899

-10,517

3,423

9,841

2,951

13,802

8,083

5,275

198

11,394

8,640

9,590

11,389

7,351

4,131

4,509

4,351

983

983

2,991

4,748

3,225

3,650

89

1,124

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

2,510

3,013

4,335

2,329

2,320

2,290

3,261

2,273

10,658

13,326

10,593

11,616

1,997

3,073

4,062

3,670

908

1,235

839

576

678

283

191

161

166

172

175

180

170

-262

305

318

323

-192

310

308

293

Bond amortization and accretion

-1,564

-1,439

-1,417

-1,281

-1,186

-1,183

-1,183

-1,243

-1,396

-1,410

-1,343

-1,278

-1,042

-1,056

-1,010

-921

-690

-2,283

-546

1,389

-557

-421

-375

-359

-367

-383

-393

-320

-227

-

-

-

-

-

-

-

-

Net realized gains (losses)

-68

1,042

18

-13

181

2,329

-447

-438

211

621

-71

-132

-351

69

106

102

270

515

323

-133

122

4

-69

31

14

70

-38

-149

-12

2,005

37

37

81

46

0

112

0

Unrealized Gain (Loss) on Investments

-26,456

9,242

2,609

2,737

10,173

-14,346

6,109

1,381

-2,444

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Provision for uncollectable premiums/over and short

10

367

124

120

-58

246

173

138

-199

289

61

64

80

7

-184

132

109

-42

102

100

112

13

12

4

44

21

14

14

10

11

10

13

3

5

10

6

2

Deferred income taxes, net

3,461

-304

8,369

-4,743

958

5,702

-1,608

-5,655

4,031

8,964

943

-4,026

2,703

-635

-1,779

-898

1,102

1,587

10

-3,830

-72

69

1,375

-1,632

1,369

760

66

-2,214

238

851

133

-543

220

-321

237

-1,038

1,722

Stock based compensation

700

715

714

677

901

739

627

561

487

682

637

652

642

518

498

472

459

449

540

519

466

419

109

76

45

37

40

28

28

28

27

0

0

-

-

-

-

Changes in operating assets and liabilities:
Accrued investment income

-423

-136

-143

515

-352

246

-410

693

-89

348

87

186

-90

327

-231

226

-150

350

-19

362

-17

392

22

326

-253

352

-121

653

108

-40

-183

58

-61

82

-25

185

330

Premiums receivable

3,854

570

-40,341

34,022

-2,946

17,645

-38,304

37,736

3,822

5,545

-23,322

24,353

-1,129

-3,149

-2,526

3,305

-3,039

-5,261

1,268

14,302

-1,732

-2,563

-569

9,467

-969

-2,988

-596

10,281

2,284

-240

-523

3,701

3,048

-800

-2,825

4,277

2,751

Reinsurance recoverable on paid and unpaid losses

-35,395

-98,236

139,577

-145,665

28,462

192,444

63,903

-126,968

100,845

-93,574

419,524

13,806

11,760

7,362

-5,463

16,859

-299

157

-5,754

4,260

2,230

-1,629

691

430

150

251

302

-787

388

-741

-457

-285

-703

-2,185

-13,285

-7,890

514

Ceded unearned premiums

-90,521

-97,516

-92,597

326,843

-84,581

-102,031

-75,903

267,931

-74,016

-83,217

-79,035

248,867

-39,819

-2,725

-45,458

137,804

-36,456

-41,258

-40,400

128,176

-30,946

-33,416

-34,653

103,754

-27,126

-29,180

-27,849

88,217

-25,836

-27,858

-26,060

84,103

-21,237

-22,185

-21,078

65,943

-20,020

Deferred policy acquisition costs, net

310

-10,586

-9,504

15,173

3,907

-182

-3,837

1,508

4,211

2,568

6,449

31,059

-1,667

577

6,110

13,411

-1,357

-196

3,765

11,372

-134

-1,839

183

8,458

-63

-1,111

383

7,434

1,502

26

173

3,234

1,221

-764

-544

2,666

1,624

Other assets

6,999

-1,214

5,341

-212

2,902

72

591

-1,836

2,718

-16,405

17,317

-1,797

-3,166

8,705

4

2,967

-670

-5,684

4,623

696

4,262

1,773

76

7

-363

-1,107

723

-312

668

-1,245

-1,382

289

100

-1,841

-2,607

3,842

235

Unpaid losses and loss adjustment expenses

-49,315

-63,790

246,798

-52,619

-31,235

132,361

96,411

-111,818

62,017

-199,929

477,467

3,063

247

18,195

5,647

3,600

11,654

4,849

4,305

992

9,820

1,023

2,465

3,761

-264

16,793

-2,492

-650

-1,892

109

-2,651

-1,354

1,804

6,257

4,200

2,982

375

Unearned premiums

-9,436

-52,242

-27,499

119,737

6,746

-16,227

-8,021

95,021

667

-21,933

-782

90,763

-13,223

-15,119

20,821

46,171

-10,546

5,235

27,252

41,600

-8,566

6,157

4,214

31,697

-6,010

14,908

3,463

28,403

17,870

-3,047

903

23,479

7,320

-5,616

-2,861

21,037

10,409

Reinsurance payable

-53,741

-155,863

-140,849

346,724

-59,153

-121,901

-77,326

288,420

-63,038

-92,651

-90,243

252,645

-42,931

-22,645

-47,782

133,107

-26,289

-53,898

-46,530

140,132

-21,414

-50,206

-37,853

112,529

-18,699

-45,334

-29,250

113,398

-25,394

-46,616

-33,584

105,926

-16,234

-39,094

-30,378

85,439

-14,378

Payments outstanding

-12,526

794

221

-9,101

9,107

5,745

7,346

1,377

280

19,688

202

-29

-8

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accounts Payable

-8,086

-609

17,676

-2,624

-6,899

18,948

-3,969

4,665

4,810

5,413

-1,434

13,882

-1,956

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Change in Operating Lease Liability

2,097

-32

-41

-41

438

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other liabilities

17,998

-1,985

-365

-5,431

23,309

-6,333

-14,916

-27,873

-1,926

22,765

-1,989

-5,558

13,521

4,386

68

-12,479

20,325

-6,524

-1,480

1,971

10,645

3,006

83

-6,451

2,855

12,959

438

-6,007

12,379

4,534

-642

-9,295

7,381

3,326

-1,479

-1,275

5,131

Net cash provided by operating activities

17,498

-79,106

60,987

169,598

-2,464

-95,796

42,968

94,355

-15,768

-48,789

25,951

63,317

-4,931

-23,572

36,800

11,659

40,860

15,124

29,841

34,571

18,783

9,719

11,180

30,885

17,134

30,175

9,026

38,372

32,193

-16,660

-1,085

34,192

19,068

-16,105

5,179

34,525

15,050

INVESTING ACTIVITIES
Proceeds from sales and maturities of fixed maturities

63,743

86,855

36,313

86,443

45,586

67,111

58,624

52,578

41,259

7,605

24,152

41,288

40,710

40,256

35,342

56,573

55,351

86,198

47,626

16,974

48,777

74,834

55,103

74,632

15,324

7,100

12,232

28,957

53,938

23,847

3,266

21,754

3,773

12,309

3,014

18,174

3,097

Proceeds from Sale of Available-for-sale Securities, Equity

1,233

-

-

-

511

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from Sale of Equity Securities

-

-

-

-

-

7,255

780

283

1,408

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from Sale and Maturity of Other Investments

212

1,643

2,786

419

2,256

215

499

111

477

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments to Acquire Fixed Maturities, Available-for-sale

58,266

54,149

88,177

88,672

23,359

87,938

50,553

119,563

78,536

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchases of Equity securities

21,116

4,362

4,497

5,652

862

7,319

4,436

5,033

17,262

-109,900

27,943

57,896

50,480

54,699

66,798

28,061

51,676

96,805

93,979

12,655

66,702

100,584

60,922

81,256

62,251

52,796

16,117

82,419

95,182

48,866

3,086

21,734

5,599

1

5,063

51,979

45,421

Payments to Acquire Other Investments

1,481

460

429

605

5,361

434

685

231

184

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash Acquired from Acquisition

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

1,722

12,745

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Cost of property, equipment and capitalized software acquired

3,515

5,459

10,206

2,934

3,297

1,393

661

1,004

1,010

994

446

3,589

208

423

347

939

1,440

2,698

3,513

2,199

2,506

4,398

653

426

869

759

852

196

60

-

-

-

-

-

-

-

-

Cost of capitalized software acquired

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

15

Net cash provided by (used in) investing activities

-19,190

24,291

-63,922

-9,822

15,474

-22,503

3,568

-52,859

-53,848

-68,216

-4,237

75,087

-9,978

-14,922

-31,803

-5,267

2,235

-13,305

-49,866

3,842

-7,686

-30,148

-6,472

-7,050

-47,796

-46,455

-4,737

-53,658

-41,304

-25,471

180

20

-1,826

10,038

-2,049

-33,805

-42,339

FINANCING ACTIVITIES
Tax withholding payment related to net settlement of equity awards

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-1

169

102

4

16

92

73

0

0

110

0

-

-

-

-

-

-

-

-

-

-

-

-

Repayments of borrowings

381

674

87

380

382

674

87

318

444

38,933

674

87

381

410

352

323

294

294

294

294

2,540

295

294

294

294

294

294

294

294

294

295

294

294

294

294

294

294

Payments of Dividends

2,571

2,570

2,571

2,570

2,569

2,569

2,569

2,565

2,565

2,565

2,564

2,561

1,301

1,299

1,299

1,300

1,076

1,076

1,076

1,077

1,073

836

834

834

832

486

486

487

485

464

0

0

518

518

0

0

0

Proceeds from (Repayments of) Bank Overdrafts

-

-

-

-

-

-

-

-13,053

13,053

-

-

-5,804

-9,878

21,931

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-745

-38

-42

185

-1,185

-93

-147

3,051

Proceeds from Issuance of Common Stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-5

54,046

0

0

0

3,591

23,947

0

0

0

-

-

-

-

Net Cash Provided by (Used in) Financing Activities

-2,952

-3,540

-14,802

9,194

-2,951

-3,662

17,344

-15,998

10,044

113,012

4,383

-8,452

-11,560

49,626

-1,650

3,408

-1,472

-1,374

-1,386

-1,463

-3,686

-1,498

-1,128

-1,243

52,920

-3,150

-786

1,195

2,812

22,444

-333

-336

-627

-1,997

-387

-872

2,757

Cash, Cash Equivalents, Restricted Cash Increase (decrease)

-4,644

-58,355

-17,737

168,970

10,059

-121,961

63,880

25,498

-59,572

-3,993

26,097

129,952

-26,469

11,132

3,347

9,800

41,623

445

-21,411

36,950

7,411

-21,927

3,580

22,592

22,258

-19,430

3,503

-14,091

-6,299

-19,687

-1,238

33,876

16,615

-8,064

2,743

-152

-24,532

Supplemental Cash Flows Information
Interest Paid

70

4,800

42

4,783

105

4,871

42

4,849

99

1,406

709

549

743

84

64

65

72

66

77

66

87

88

92

99

110

101

98

73

69

69

67

93

82

89

142

157

165

Income taxes paid

0

233

120

164

0

0

108

3,014

1,551

-310

289

3,103

814

-5

887

6,112

200

6,303

2,429

4,066

425

6,437

2,243

15,286

3,935

2,683

176

5,980

1,028

160

111

5,224

1,258

2,780

0

1,580

0