Universal insurance holdings, inc. (UVE)
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
Cash flows from operating activities:
Cash flows from operating activities:
Net income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

20,972

21,341

17,126

13,549

15,582

14,407

17,029

11,959

4,406

8,256

7,777

9,873

-2,313

975

7,549

13,898

Adjustments to reconcile net income to net cash provided by operating activities:
Bad debt expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

169

96

95

71

65

109

130

124

95

121

183

-80

31

228

230

164

Depreciation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

349

294

271

280

267

248

248

249

215

215

211

199

260

80

117

182

Amortization of share-based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,576

3,556

3,525

1,685

1,778

1,711

1,760

1,168

1,271

867

680

1,012

960

969

521

398

Amortization of original issue discount on debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

181

179

230

250

-

-

-

-

-

-

-

-

-

-

-

-

Accretion of deferred credit

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

181

1,139

-230

-250

-

-

-

-

-

-

-

-

-

-

-

-

Book overdraft increase (decrease)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

63

1,549

1,327

-11,962

-7,262

-2,717

-2,143

1,075

-

-

-

-

-

-

-

-

Debt Securities, Available-for-sale, Realized Gain (Loss)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

274

501

3,950

902

1,242

56

-1

-16,037

353

-3,142

-1,705

-7,449

-10,146

5,884

2,960

3,652

Amortization of premium/accretion of discount, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-576

-533

-508

-499

-519

-776

-245

-42

-1

26

-18

-3

-18

-15

-13

-157

Net change in unrealized (gains) losses on investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-62

15

23

7,874

-2,047

8,091

-5,788

9,187

4,627

-15,985

-9,640

2,588

Net foreign currency (gains) losses on investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-1

0

0

23

1,916

-455

0

71

Deferred income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-289

-435

115

-509

-1,635

-1,564

-308

-3,856

2,993

-5,095

3,871

-5,582

-1,129

7,063

4,051

-442

Excess tax (benefit) shortfall from share-based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

541

123

0

6,342

307

48

155

-151

5

-1,694

71

-142

-

-

-

-

Other

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

6

-30

-7

12

-

-

-

-

-

-

-

-

-4

0

859

-838

Issuance of common stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

7

1

503

-

-

-

-

-

-

-

-

0

116

0

91

-

-

-

-

Net change in assets and liabilities relating to operating activities:
Restricted cash and cash equivalents

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-3,962

3,962

0

35

0

-53

0

-30,356

-62,127

20,861

26,096

-30,134

12,839

31,844

9,398

10,291

Purchase of trading securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

26,009

89,692

53,686

93,271

107,313

228,914

245,016

279,424

48,350

Proceeds from sales of trading securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

21,991

80,670

49,057

93,642

97,615

119,686

259,816

207,543

334,684

119,582

Prepaid reinsurance premiums

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-4,817

1,511

-42,215

-5,188

-9,292

-5,435

3,462

12,558

-8,978

1,064

-28,530

33,270

-8,247

-2,240

25,187

7,309

Reinsurance recoverable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-1,054

-21,325

1,469

-31,750

32,947

-4,251

-8,080

-1,960

8,391

-34,659

38,410

-8,657

8,161

342

-1,923

-426

Reinsurance receivable, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-5,067

-13,817

19,348

6,801

-24,065

-274

20,062

-19,854

-6,194

-95,136

109,870

-39,411

5,389

1,790

15,794

-5,375

Premiums receivable, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-3,533

-263

6,992

1,715

-5,890

-4,338

6,142

830

-5,825

-214

10,931

-303

-4,723

-1,212

8,833

-43

Accrued investment income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

72

128

-2

32

-178

169

749

-20

-51

-75

-159

-40

-

-

-

-

Other receivables

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-462

-271

85

636

-666

-896

1,158

273

-1,126

-357

1,586

-463

-758

-1,053

1,454

228

Income taxes recoverable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,761

90

-3,375

-1,953

-6,346

5,420

7,100

-616

2,188

-218

-446

1,070

-

-

-

-

Deferred policy acquisition costs, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-2,172

-245

12,184

-6

-1,054

-288

-136

95

-737

275

5,946

-1,198

-17

987

1,886

694

Other assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-28

598

520

-350

-994

604

922

-73

31

-345

-72

55

-702

-508

702

1,234

Unpaid losses and loss adjustment expenses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-2,562

-7,710

-23,262

8,665

-69,886

8,886

16,269

10,712

-20,567

-8,049

7,675

14,915

-24,261

-7,579

2,875

679

Unearned premiums

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-16,127

-834

27,948

1,273

-23,955

-13,244

22,645

9,971

-20,643

1,762

35,911

11,199

-15,937

-4,489

43,346

8,588

Accounts payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-336

-352

310

1,058

-422

-1,147

694

-52

116

-1,090

278

750

28

-1,406

421

1,504

Reinsurance payable, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-36,185

-17,844

26,441

7,422

-32,341

-16,126

29,819

19,621

-38,674

-149,853

159,310

26,980

-41,307

-11,726

34,819

30,158

Income taxes payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,340

-284

-508

4,691

1,423

1,305

348

-850

681

-3,002

851

-12,331

-3,443

2,898

2,586

2,612

Other liabilities and accrued expenses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,260

7,259

-966

-5,779

679

6,460

923

-3,259

18

4,344

204

-1,274

2,458

2,300

-3,447

319

Advance premium

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-3,383

-1,369

-2,742

2,454

-733

-1,979

-1,538

12,187

-3,446

-7,138

-5,495

11,711

-2,249

-4,191

-4,228

10,218

Net cash provided by operating activities

45,643

28,009

601

24,537

31,451

5,651

66,373

105,755

52,326

-41,185

145,230

68,967

71,998

-57,241

25,998

108,902

43,737

-21,911

33,635

146,885

60,662

-10,558

35,708

68,339

29,857

-26,861

-8,296

44,639

147,477

-2,389

13,105

36,516

95,274

-11,857

-71,099

75,732

119,808

Cash flows from investing activities:
Cash flows from investing activities:
Proceeds from sale of property and equipment

11

11

9

10

8

5

13

5

12

6

2

7

8

-

-

-

-

-

-

1

50

54

0

13

17

-

-

-

-

10

0

0

18

-

-

-

-

Purchases of property and equipment

4,705

1,591

1,693

1,662

6,368

590

2,117

2,710

1,314

963

898

1,502

1,255

2,182

2,404

1,909

1,728

1,559

2,896

-199

7,613

7,689

470

357

751

264

238

439

409

361

138

685

1,542

784

590

622

399

Purchases of equity securities

10,145

260

201

193

697

2,235

4,462

9,249

9,857

42,232

33,795

13,032

243

20,274

11,147

15,089

20,178

18,370

10,146

19,466

17,056

42,134

61,156

8,469

4,782

-

-

-

-

-

-

-

-

-

-

-

-

Payments to acquire a business

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

1,000

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchases of available-for-sale debt securities

61,782

27,419

50,500

88,626

55,102

88,018

143,879

83,742

121,996

66,011

47,076

40,907

26,610

41,170

37,348

145,724

95,889

33,080

71,798

48,355

24,965

45,125

12,530

28,755

20,475

-

-

283,001

9,988

-

-

-

-

-

-

-

-

Purchases of investment real estate, net

0

0

0

149

734

822

4,284

235

1,034

2,195

1,264

2,045

1,714

1,096

2,326

53

2,021

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sales of equity securities

0

543

0

11,976

17,161

0

4,158

3,082

1,045

2,613

18,056

54,471

2,500

13,739

3,053

30,556

13,210

24,044

0

2,112

15,300

42,401

53,163

58,346

10,071

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sales of available-for-sale debt securities

9,979

4,749

29,836

28,655

14,550

1,790

13,579

19,758

99,464

6,536

13,136

5,593

914

7,052

5,059

57,755

16,152

12,225

12,014

1,249

12,891

11,985

797

1

4,370

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sales of short-term investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

12,500

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Maturities of available-for-sale debt securities

32,534

45,172

31,779

31,890

36,635

28,159

18,708

39,117

25,363

21,421

36,626

20,229

18,915

16,504

15,632

11,975

10,504

11,189

9,857

33,558

19,786

6,892

4,854

5,013

7,528

-

-

-

-

-

-

-

-

-

-

-

-

Maturities of short-term investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

50,000

24,991

12,509

12,500

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by (used in) investing activities

-34,108

21,205

9,230

-7,562

5,453

-61,711

-118,284

-23,974

-8,317

-90,825

-15,213

27,814

-7,485

-27,422

-29,450

-49,989

-67,450

44,148

-37,976

-99,117

9,893

-46,116

-52,842

25,792

-4,022

15,507

-27,067

-330,726

-10,397

-351

-138

-685

-1,524

-783

-590

-559

-399

Cash flows from financing activities:
Cash flows from financing activities:
Bank overdraft increase (decrease)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,547

-1,039

3,205

-

12,317

-4,266

3,833

Preferred stock dividend

3

2

3

2

3

2

3

2

3

2

3

2

3

3

2

2

3

3

2

3

2

3

2

3

5

14

5

5

5

23

5

5

254

5

5

5

5

Common stock dividend

5,261

9,488

5,465

5,533

5,620

10,108

5,579

4,909

4,912

14,198

0

4,879

4,924

14,364

4,913

0

4,915

13,767

4,283

0

4,237

12,273

3,503

1

3,463

-

-

-

-

11,444

3,213

4,012

0

-

-

-

-

Issuance of common stock for stock option exercises

0

0

0

0

239

0

29

73

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchase of treasury stock

6,587

16,254

25,708

14,107

10,117

14,160

0

8,370

2,746

257

8,965

6,371

2,548

95

1,488

5,053

1,874

-

-

-

-

0

9,999

5,000

14,737

-

-

-

-

-

-

-

-

-

-

-

-

Payments related to tax withholding for share-based compensation

646

631

263

413

2,402

5,163

968

1,790

4,793

5,856

0

30

1,337

546

74

934

3,897

1,946

404

6,118

3,673

5,251

122

4,174

8,108

433

98

1,558

1,072

-

-

-

-

-

-

-

-

Excess tax benefit (shortfall) from share-based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

409

255

-308

-1,510

69

424

681

4,136

541

123

0

6,342

308

47

155

-151

5

-1,694

71

-142

-

-

-

-

Repayment of debt

367

368

368

367

368

368

367

368

368

367

368

368

1,067

368

368

332

1,068

367

368

7,367

368

368

368

6,367

368

368

368

367

368

368

368

368

367

-

-

-

-

Net cash provided by (used in) financing activities

-12,864

-26,743

-31,807

-20,422

-18,271

-29,801

-6,888

-15,366

-12,822

-20,680

-9,336

-11,650

-9,879

-14,848

-6,590

-3,664

-13,267

-26,997

-7,215

-16,749

-3,641

1,719

-13,871

-15,545

-20,339

-8,657

-8,208

-15,932

-1,596

-15,543

-3,617

-5,474

2,533

-21,040

11,944

-8,945

3,828

Cash and cash equivalents, and restricted cash and cash equivalents:
Cash and cash equivalents, and restricted cash and cash equivalents:
Net increase (decrease) during the period

-1,329

22,471

-21,976

-3,447

18,633

-85,861

-58,799

66,415

31,187

-152,690

120,681

85,131

54,634

-99,511

-10,042

55,249

-36,980

-4,760

-11,556

31,019

66,914

-54,955

-31,005

78,586

5,496

-20,011

-43,571

-302,019

135,484

-18,283

9,350

30,357

96,283

-33,680

-59,745

66,228

123,237

Supplemental cash and non-cash flow disclosures:
Interest paid

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

196

200

257

310

328

330

395

433

424

423

232

87

87

86

136

105

-

-

-

-

Income taxes paid

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

13,829

18,275

31,660

1,619

16,085

15,749

10,531

2,404

70

28,731

3,520

4,313

5,698

500

7,783

14,170

5,568

430

7,033

6,050

Cash and cash equivalents, and restricted cash and cash equivalents within the Consolidated Balance Sheets
Non-cash transfer of investments from trading to available for sale portfolio

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

4,004

-

-

-

-

-

-

-

-