Cash flow from operating activities: |
Net loss |
112.41M |
Adjustments to reconcile net loss to net cash provided by (used in) operating activities: |
Depreciation and amortization |
(Increase) decrease in deferred income taxes |
Increase in unearned premiums |
Increase in deferred acquisition costs |
Realized gains on investments |
Amortization of loan origination costs |
Stock grant compensation expense |
Decrease in payable to related party |
Increase in income taxes payable |
Decrease in income taxes receivable |
Increase in premium and agent balances |
Decrease (increase) in reinsurance recoverables |
Increase in loss and loss adjustment expense reserves |
Changes in other operating assets and liabilities |
Net cash provided by operating activities |
Cash flow from investing activities: |
Purchases of available-for-sale securities |
-250.9M |
Purchases of held-to-maturity securities |
-175.78M |
Proceeds from sales of available-for-sale securities |
Proceeds from maturities of available-for-sale securities |
Proceeds from maturities of held-to-maturity securities |
141.49M |
Purchases of fixed assets |
-31.12M |
Net cash used in investing activities |
Cash flow from financing activities: |
Payment of preferred dividends |
Net cash used in financing activities |
Net decrease in cash and cash equivalents |
Cash and cash equivalents, beginning of period |
669.45M |
Cash and cash equivalents, end of period |
568.94M |
Supplemental cash flow information: |
Cash paid for interest |
42.4M |
Dividends declared but unpaid |