United insurance holdings corp. (UIHC)
CashFlow / TTM
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

-51,579

-29,485

-32,506

-15,998

1,499

290

38,363

22,058

14,615

10,145

-27,373

4,062

6,646

5,698

30,017

34,677

30,111

27,358

24,950

25,507

29,822

41,013

36,970

32,461

27,380

20,342

13,974

10,826

9,308

9,705

11,947

14,614

11,712

8,088

0

0

0

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

12,187

11,997

11,274

10,200

10,144

18,482

29,518

36,850

46,193

37,532

27,279

20,748

12,802

11,713

9,875

6,652

3,558

3,328

2,376

1,728

1,313

801

690

674

693

697

263

393

531

684

754

759

749

719

0

0

0

Bond amortization and accretion

-5,701

-5,323

-5,067

-4,833

-4,795

-5,005

-5,232

-5,392

-5,427

-5,073

-4,719

-4,386

-4,029

-3,677

-4,904

-4,440

-2,130

-1,997

-135

36

-1,712

-1,522

-1,484

-1,502

-1,463

-1,323

0

0

0

-

-

-

-

-

-

-

-

Net realized gains (losses)

979

1,228

2,515

2,050

1,625

1,655

-53

323

629

67

-485

-308

-74

547

993

1,210

975

827

316

-76

88

-20

46

77

-103

-129

1,806

1,881

2,067

2,160

201

164

239

158

0

0

0

Unrealized Gain (Loss) on Investments

-11,868

24,761

1,173

4,673

3,317

-9,300

5,046

-1,063

-2,444

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Provision for uncollectable premiums/over and short

621

553

432

481

499

358

401

289

215

494

212

-33

35

64

15

301

269

272

327

237

141

73

81

83

93

59

49

45

44

37

31

31

24

23

0

0

0

Deferred income taxes, net

6,783

4,280

10,286

309

-603

2,470

5,732

8,283

9,912

8,584

-1,015

-3,737

-609

-2,210

12

1,801

-1,131

-2,305

-3,823

-2,458

-260

1,181

1,872

563

-19

-1,150

-1,059

-992

679

661

-511

-407

-902

600

0

0

0

Stock based compensation

2,806

3,007

3,031

2,944

2,828

2,414

2,357

2,367

2,458

2,613

2,449

2,310

2,130

1,947

1,878

1,920

1,967

1,974

1,944

1,513

1,070

649

267

198

150

133

124

111

83

55

0

0

0

-

-

-

-

Changes in operating assets and liabilities:
Accrued investment income

-187

-116

266

-1

177

440

542

1,039

532

531

510

192

232

172

195

407

543

676

718

759

723

487

447

304

631

992

600

538

-57

-226

-104

54

181

572

0

0

0

Premiums receivable

-1,895

-8,695

8,380

10,417

14,131

20,899

8,799

23,781

10,398

5,447

-3,247

17,549

-3,499

-5,409

-7,521

-3,727

7,270

8,577

11,275

9,438

4,603

5,366

4,941

4,914

5,728

8,981

11,729

11,802

5,222

5,986

5,426

3,124

3,700

3,403

0

0

0

Reinsurance recoverable on paid and unpaid losses

-139,719

-75,862

214,818

139,144

157,841

230,224

-55,794

299,827

440,601

351,516

452,452

27,465

30,518

18,459

11,254

10,963

-1,636

893

-893

5,552

1,722

-358

1,522

1,133

-84

154

-838

-1,597

-1,095

-2,186

-3,630

-16,458

-24,063

-22,846

0

0

0

Ceded unearned premiums

46,209

52,149

47,634

64,328

5,416

15,981

34,795

31,663

12,599

46,796

127,288

160,865

49,802

53,165

14,632

19,690

10,062

15,572

23,414

29,161

4,739

8,559

12,795

19,599

4,062

5,352

6,674

8,463

4,349

8,948

14,621

19,603

1,443

2,660

0

0

0

Deferred policy acquisition costs, net

-4,607

-1,010

9,394

15,061

1,396

1,700

4,450

14,736

44,287

38,409

36,418

36,079

18,431

18,741

17,968

15,623

13,584

14,807

13,164

9,582

6,668

6,739

7,467

7,667

6,643

8,208

9,345

9,135

4,935

4,654

3,864

3,147

2,579

2,982

0

0

0

Other assets

10,914

6,817

8,103

3,353

1,729

1,545

-14,932

1,794

1,833

-4,051

21,059

3,746

8,510

11,006

-3,383

1,236

-1,035

3,897

11,354

6,807

6,118

1,493

-1,387

-740

-1,059

-28

-166

-2,271

-1,670

-2,238

-2,834

-4,059

-506

-371

0

0

0

Unpaid losses and loss adjustment expenses

81,074

99,154

295,305

144,918

85,719

178,971

-153,319

227,737

342,618

280,848

498,972

27,152

27,689

39,096

25,750

24,408

21,800

19,966

16,140

14,300

17,069

6,985

22,755

17,798

13,387

11,759

-4,925

-5,084

-5,788

-2,092

4,056

10,907

15,243

13,814

0

0

0

Unearned premiums

30,560

46,742

82,757

102,235

77,519

71,440

65,734

72,973

68,715

54,825

61,639

83,242

38,650

41,327

61,681

68,112

63,541

65,521

66,443

43,405

33,502

36,058

44,809

44,058

40,764

64,644

46,689

44,129

39,205

28,655

26,086

22,322

19,880

22,969

0

0

0

Reinsurance payable

-3,729

-9,141

24,821

88,344

30,040

26,155

55,405

42,488

6,713

26,820

96,826

139,287

19,749

36,391

5,138

6,390

13,415

18,290

21,982

30,659

3,056

5,771

10,643

19,246

20,115

13,420

12,138

7,804

332

9,492

17,014

20,220

-267

1,589

0

0

0

Payments outstanding

-20,612

1,021

5,972

13,097

23,575

14,748

28,691

21,547

20,141

19,853

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accounts Payable

6,357

7,544

27,101

5,456

12,745

24,454

10,919

13,454

22,671

15,905

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Change in Operating Lease Liability

1,983

324

356

397

438

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other liabilities

10,217

15,528

11,180

-3,371

-25,813

-51,048

-21,950

-9,023

13,292

28,739

10,360

12,417

5,496

12,300

1,390

-158

14,292

4,612

14,142

15,705

7,283

-507

9,446

9,801

10,245

19,769

11,344

10,264

6,976

1,978

770

-67

7,953

5,703

0

0

0

Net cash provided by operating activities

168,977

149,015

132,325

114,306

39,063

25,759

72,766

55,749

24,711

35,548

60,765

71,614

19,956

65,747

104,443

97,484

120,396

98,319

92,914

74,253

70,567

68,918

89,374

87,220

94,707

109,766

62,931

52,820

48,640

35,515

36,070

42,334

42,667

38,649

0

0

0

INVESTING ACTIVITIES
Proceeds from sales and maturities of fixed maturities

273,354

255,197

235,453

257,764

223,899

219,572

160,066

125,594

114,304

113,755

146,406

157,596

172,881

187,522

233,464

245,748

206,149

199,575

188,211

195,688

253,346

219,893

152,159

109,288

63,613

102,227

118,974

110,008

102,805

52,640

41,102

40,850

37,270

36,594

0

0

0

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

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from Sale of Equity Securities

-

-

-

-

-

9,726

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from Sale and Maturity of Other Investments

5,060

7,104

5,676

3,389

3,081

1,302

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments to Acquire Fixed Maturities, Available-for-sale

289,264

254,357

288,146

250,522

281,413

336,590

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchases of Equity securities

35,627

15,373

18,330

18,269

17,650

34,050

-83,169

-59,662

-6,799

26,419

191,018

229,873

200,038

201,234

243,340

270,521

255,115

270,141

273,920

240,863

309,464

305,013

257,225

212,420

213,583

246,514

242,584

229,553

168,868

79,285

30,420

32,397

62,642

102,464

0

0

0

Payments to Acquire Other Investments

2,975

6,855

6,829

7,085

6,711

1,534

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash Acquired from Acquisition

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

14,467

14,467

14,467

12,745

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Cost of property, equipment and capitalized software acquired

22,114

21,896

17,830

8,285

6,355

4,068

3,669

3,454

6,039

5,237

4,666

4,567

1,917

3,149

5,424

8,590

9,850

10,916

12,616

9,756

7,983

6,346

2,707

2,906

2,676

1,867

0

0

0

-

-

-

-

-

-

-

-

Cost of capitalized software acquired

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

15

0

0

0

Net cash provided by (used in) investing activities

-68,643

-33,979

-80,773

-13,283

-56,320

-125,642

-171,355

-179,160

-51,214

-7,344

45,950

18,384

-61,970

-49,757

-48,140

-66,203

-57,094

-67,015

-83,858

-40,464

-51,356

-91,466

-107,773

-106,038

-152,646

-146,154

-125,170

-120,253

-66,575

-27,097

8,412

6,183

-27,642

-68,155

0

0

0

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

-

-

-

-

-

-

-

-

-

-

-

-

-

270

274

291

214

185

181

165

183

110

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Repayments of borrowings

1,522

1,523

1,523

1,523

1,461

1,523

39,782

40,369

40,138

40,075

1,552

1,230

1,466

1,379

1,263

1,205

1,176

3,422

3,423

3,423

3,423

1,177

1,176

1,176

1,176

1,176

1,176

1,177

1,177

1,177

1,177

1,176

1,176

1,176

0

0

0

Payments of Dividends

10,282

10,280

10,279

10,277

10,272

10,268

10,264

10,259

10,255

8,991

7,725

6,460

5,199

4,974

4,751

4,528

4,305

4,302

4,062

3,820

3,577

3,336

2,986

2,638

2,291

1,944

1,922

1,436

949

982

1,036

1,036

1,036

518

0

0

0

Proceeds from (Repayments of) Bank Overdrafts

-

-

-

-

-

-

-

0

0

-

-

6,249

12,053

21,931

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-640

-1,080

-1,135

-1,240

1,626

0

0

0

Proceeds from Issuance of Common Stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

54,041

54,041

54,041

54,046

3,591

27,538

27,538

27,538

23,947

0

0

0

-

-

-

-

Net Cash Provided by (Used in) Financing Activities

-12,100

-12,099

-12,221

19,925

-5,267

7,728

124,402

111,441

118,987

97,383

33,997

27,964

39,824

49,912

-1,088

-824

-5,695

-7,909

-8,033

-7,775

-7,555

49,051

47,399

47,741

50,179

71

25,665

26,118

24,587

21,148

-3,293

-3,347

-3,883

-499

0

0

0

Cash, Cash Equivalents, Restricted Cash Increase (decrease)

88,234

102,937

39,331

120,948

-22,524

-92,155

25,813

-11,970

92,484

125,587

140,712

117,962

-2,190

65,902

55,215

30,457

57,607

23,395

1,023

26,014

11,656

26,503

29,000

28,923

-7,760

-36,317

-36,574

-41,315

6,652

29,566

41,189

45,170

11,142

-30,005

0

0

0

Supplemental Cash Flows Information
Interest Paid

9,695

9,730

9,801

9,801

9,867

9,861

6,396

7,063

2,763

3,407

2,085

1,440

956

285

267

280

281

296

318

333

366

389

402

408

382

341

309

278

298

311

331

406

470

553

0

0

0

Income taxes paid

517

517

284

272

3,122

4,673

4,363

4,544

4,633

3,896

4,201

4,799

7,808

7,194

13,502

15,044

12,998

13,223

13,357

13,171

24,391

27,901

24,147

22,080

12,774

9,867

7,344

7,279

6,523

6,753

9,373

9,262

5,618

4,360

0

0

0