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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

72,988

67,598

60,664

60,567

58,977

47,801

41,650

32,398

30,312

23,593

16,312

16,084

20,109

0

0

0

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

431

327

340

375

428

458

470

523

319

255

362

409

653

0

0

0

Depreciation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,194

1,112

1,066

1,043

1,012

960

927

890

840

885

750

656

639

0

0

0

Amortization of share-based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

12,342

10,544

8,699

6,934

6,417

5,910

5,066

3,986

3,830

3,519

3,621

3,462

2,848

0

0

0

Amortization of original issue discount on debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

840

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Accretion of deferred credit

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

840

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Book overdraft increase (decrease)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-9,023

-16,348

-20,614

-24,084

-11,047

0

0

0

-

-

-

-

-

-

-

-

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5,627

6,595

6,150

2,199

-14,740

-15,629

-18,827

-20,531

-11,943

-22,442

-13,416

-8,751

2,350

0

0

0

Amortization of premium/accretion of discount, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-2,116

-2,059

-2,302

-2,039

-1,582

-1,064

-262

-35

4

-13

-54

-49

-203

0

0

0

Net change in unrealized (gains) losses on investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

7,850

5,865

13,941

8,130

9,443

16,117

-7,959

-11,811

-18,410

0

0

0

Net foreign currency (gains) losses on investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

22

1,939

1,484

1,484

1,532

0

0

0

Deferred income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-1,118

-2,464

-3,593

-4,016

-7,363

-2,735

-6,266

-2,087

-3,813

-7,935

4,223

4,403

9,543

0

0

0

Excess tax (benefit) shortfall from share-based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

7,006

6,772

6,697

6,852

359

57

-1,685

-1,769

-1,760

0

0

0

-

-

-

-

Other

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-19

0

0

0

-

-

-

-

-

-

-

-

17

0

0

0

Issuance of common stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

207

0

0

0

-

-

-

-

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

35

3,997

-18

-18

-30,409

-92,536

-71,622

-45,526

-45,304

29,662

40,645

23,947

64,372

0

0

0

Purchase of trading securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

26,009

115,701

169,387

262,658

343,962

483,184

674,514

860,667

801,704

0

0

0

Proceeds from sales of trading securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

102,661

151,718

245,360

320,984

360,000

570,759

684,660

921,729

921,625

0

0

0

Prepaid reinsurance premiums

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-50,709

-55,184

-62,130

-16,453

1,293

1,607

8,106

-23,886

-3,174

-2,443

-5,747

47,970

22,009

0

0

0

Reinsurance recoverable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-52,660

-18,659

-1,585

-11,134

18,656

-5,900

-36,308

10,182

3,485

3,255

38,256

-2,077

6,154

0

0

0

Reinsurance receivable, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

7,265

-11,733

1,810

2,524

-24,131

-6,260

-101,122

-11,314

-30,871

-19,288

77,638

-16,438

17,598

0

0

0

Premiums receivable, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,911

2,554

-1,521

-2,371

-3,256

-3,191

933

5,722

4,589

5,691

4,693

2,595

2,855

0

0

0

Accrued investment income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

230

-20

21

772

720

847

603

-305

-325

0

0

0

-

-

-

-

Other receivables

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-12

-216

-841

232

-131

-591

-52

376

-360

8

-688

-820

-129

0

0

0

Income taxes recoverable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-2,477

-11,584

-6,254

4,221

5,558

14,092

8,454

908

2,594

0

0

0

-

-

-

-

Deferred policy acquisition costs, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

9,761

10,879

10,836

-1,484

-1,383

-1,066

-503

5,579

4,286

5,006

5,718

1,658

3,550

0

0

0

Other assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

740

-226

-220

182

459

1,484

535

-459

-331

-1,064

-1,227

-453

726

0

0

0

Unpaid losses and loss adjustment expenses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-24,869

-92,193

-75,597

-36,066

-34,019

15,300

-1,635

-10,229

-6,026

-9,720

-9,250

-14,050

-28,286

0

0

0

Unearned premiums

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

12,260

4,432

-7,978

-13,281

-4,583

-1,271

13,735

27,001

28,229

32,935

26,684

34,119

31,508

0

0

0

Accounts payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

680

594

-201

183

-927

-389

-332

-748

54

-34

-350

-207

547

0

0

0

Reinsurance payable, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-20,166

-16,322

-14,604

-11,226

973

-5,360

-139,087

-9,596

-2,237

-4,870

133,257

8,766

11,944

0

0

0

Income taxes payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

6,239

5,322

6,911

7,767

2,226

1,484

-2,823

-2,320

-13,801

-17,925

-12,025

-10,290

4,653

0

0

0

Other liabilities and accrued expenses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,774

1,193

394

2,283

4,803

4,142

2,026

1,307

3,292

5,732

3,688

37

1,630

0

0

0

Advance premium

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-5,040

-2,390

-3,000

-1,796

7,937

5,224

65

-3,892

-4,368

-3,171

-224

1,043

-450

0

0

0

Net cash provided by operating activities

98,790

84,598

62,240

128,012

209,230

230,105

183,269

262,126

225,338

245,010

228,954

109,722

149,657

121,396

156,726

164,363

202,346

219,271

230,624

232,697

154,151

123,346

107,043

63,039

39,339

156,959

181,431

202,832

194,709

142,506

133,038

48,834

88,050

112,584

0

0

0

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

41

38

32

36

31

35

36

25

27

23

0

0

0

-

-

-

-

-

-

105

117

84

0

0

0

-

-

-

-

28

0

0

0

-

-

-

-

Purchases of property and equipment

9,651

11,314

10,313

10,737

11,785

6,731

7,104

5,885

4,677

4,618

5,837

7,343

7,750

8,223

7,600

8,092

5,984

11,869

17,999

15,573

16,129

9,267

1,842

1,610

1,692

1,350

1,447

1,347

1,593

2,726

3,149

3,601

3,538

2,395

0

0

0

Purchases of equity securities

10,799

1,351

3,326

7,587

16,643

25,803

65,800

95,133

98,916

89,302

67,344

44,696

46,753

66,688

64,784

63,783

68,160

65,038

88,802

139,812

128,815

116,541

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Payments to acquire a business

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,000

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchases of available-for-sale debt securities

228,327

221,647

282,246

375,625

370,741

437,635

415,628

318,825

275,990

180,604

155,763

146,035

250,852

320,131

312,041

346,491

249,122

178,198

190,243

130,975

111,375

106,885

0

0

0

-

-

0

0

-

-

-

-

-

-

-

-

Purchases of investment real estate, net

149

883

1,705

5,989

6,075

6,375

7,748

4,728

6,538

7,218

6,119

7,181

5,189

5,496

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sales of equity securities

12,519

29,680

29,137

33,295

24,401

8,285

10,898

24,796

76,185

77,640

88,766

73,763

49,848

60,558

70,863

67,810

39,366

41,456

59,813

112,976

169,210

163,981

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sales of available-for-sale debt securities

73,219

77,790

74,831

58,574

49,677

134,591

139,337

138,894

124,729

26,179

26,695

18,618

70,780

86,018

91,191

98,146

41,640

38,379

38,139

26,922

25,674

17,153

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sales of short-term investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Maturities of available-for-sale debt securities

141,375

145,476

128,463

115,392

122,619

111,347

104,609

122,527

103,639

97,191

92,274

71,280

63,026

54,615

49,300

43,525

65,108

74,390

70,093

65,090

36,545

24,287

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Maturities of short-term investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

100,000

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by (used in) investing activities

-11,235

28,326

-54,590

-182,104

-198,516

-212,286

-241,400

-138,329

-86,541

-85,709

-22,306

-36,543

-114,346

-174,311

-102,741

-111,267

-160,395

-83,052

-173,316

-188,182

-63,273

-77,188

-15,565

10,210

-346,308

-352,683

-368,541

-341,612

-11,571

-2,698

-3,130

-3,582

-3,456

-2,331

0

0

0

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

0

0

0

Preferred stock dividend

10

10

10

10

10

10

10

10

10

10

11

10

10

10

10

10

11

10

10

10

10

13

24

27

29

29

38

38

38

287

269

269

269

20

0

0

0

Common stock dividend

25,747

26,106

26,726

26,840

26,216

25,508

29,598

24,019

23,989

24,001

24,167

29,080

24,201

24,192

23,595

22,965

22,965

22,287

20,793

20,013

20,014

19,240

0

0

0

-

-

-

-

18,669

0

0

0

-

-

-

-

Issuance of common stock for stock option exercises

0

239

239

268

341

102

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchase of treasury stock

62,656

66,186

64,092

38,384

32,647

25,276

11,373

20,338

18,339

18,141

17,979

10,502

9,184

8,510

0

0

0

-

-

-

-

29,736

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Payments related to tax withholding for share-based compensation

1,953

3,709

8,241

8,946

10,323

12,714

13,407

12,439

10,679

7,223

1,913

1,987

2,891

5,451

6,851

7,181

12,365

12,141

15,446

15,164

13,220

17,655

12,837

12,813

10,197

3,161

0

0

0

-

-

-

-

-

-

-

-

Excess tax benefit (shortfall) from share-based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-1,154

-1,494

-1,325

-336

5,310

5,782

5,481

4,800

7,006

6,773

6,697

6,852

359

56

-1,685

-1,769

-1,760

0

0

0

-

-

-

-

Repayment of debt

1,470

1,471

1,471

1,470

1,471

1,471

1,470

1,471

1,471

2,170

2,171

2,171

2,135

2,136

2,135

2,135

9,170

8,470

8,471

8,471

7,471

7,471

7,471

7,471

1,471

1,471

1,471

1,471

1,472

1,471

0

0

0

-

-

-

-

Net cash provided by (used in) financing activities

-91,836

-97,243

-100,301

-75,382

-70,326

-64,877

-55,756

-58,204

-54,488

-51,545

-45,713

-42,967

-34,981

-38,369

-50,518

-51,143

-64,228

-54,602

-25,886

-32,542

-31,338

-48,036

-58,412

-52,749

-53,136

-34,393

-41,279

-36,688

-26,230

-22,101

-27,598

-12,037

-15,508

-14,213

0

0

0

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

-4,281

15,681

-92,651

-129,474

-59,612

-47,058

-113,887

65,593

84,309

107,756

160,935

30,212

330

-91,284

3,467

1,953

-22,277

81,617

31,422

11,973

59,540

-1,878

33,066

20,500

-360,105

-230,117

-228,389

-175,468

156,908

117,707

102,310

33,215

69,086

96,040

0

0

0

Supplemental cash and non-cash flow disclosures:
Interest paid

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

963

1,095

1,225

1,363

1,486

1,582

1,675

1,512

1,166

829

492

396

414

0

0

0

-

-

-

-

Income taxes paid

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

65,383

67,639

65,113

43,984

44,769

28,754

41,736

34,725

36,634

42,262

14,031

18,294

28,151

28,021

27,951

27,201

19,081

0

0

0

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,004

0

0

0

-

-

-

-

-

-

-

-