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Cash Flow Statement (as-reported)

Consolidated GAAP Financial Data
 2018 Q1 YTD2017 Y2016 Y2015 Y2014 Y
Source Document3/31/201812/31/201712/31/201712/31/201712/31/2016
Currency CodeUSDUSDUSDUSDUSD
(in units)     
      
Cash Flows from Operating Activities
Net (loss) income(18,178,078)7,116,10030,801,13720,990,03314,539,018
Adjustments to reconcile net (loss) income to net cash provided by operating activities
Depreciation, amortization and other non-cash items1,503,6076,109,8696,587,2826,740,3463,523,692
Net realized investment losses (gains)918,339(5,705,255)(2,525,575)(1,934,424)(3,134,081)
Equity in earnings of Donegal Financial Services Corporation(632,114)(1,621,605)(1,086,157)(1,277,229)(1,242,910)
Changes in assets and liabilities
Losses and loss expenses50,891,17170,007,13728,459,48139,946,70342,639,137
Unearned premiums20,564,89537,401,31336,562,02520,846,84025,911,721
Premiums receivable(2,812,917)(1,016,765)(18,122,256)(7,960,450)(9,402,332)
Deferred acquisition costs(2,089,238)(3,980,664)(4,200,808)(3,809,780)(4,671,098)
Deferred income taxes74,72811,889,9702,030,865168,395(963,679)
Reinsurance receivable(15,198,971)(35,314,555)(3,299,895)(6,092,223)(9,396,777)
Prepaid reinsurance premiums(7,073,785)(10,777,146)(10,732,990)2,349,278(3,207,841)
Accrued investment income(373,239)(257,608)(304,316)(239,821)(327,845)
Due to affiliate(3,122,092)16,519,278(12,762,087)1,147,830239,122
Reinsurance balances payable1,915,675(253,369)889,122(4,360,766)(10,107,636)
Current income taxes(8,153,590)(9,826,855)379,406(906,179)(160,525)
Accrued expenses(6,903,271)(212,915)5,786,2163,030,848164,530
Other, net263,872(113,482)(22,628)(2,235,228)111,941
Dividends received from Donegal Financial Services Corporation NA 1,036,7501,591,3001,783,7000
Net adjustments29,773,07073,884,09829,228,98547,197,84029,975,419
Net cash provided by operating activities11,594,99281,000,19860,030,12268,187,87344,514,437
Cash Flows from Investing Activities
Purchases of fixed maturities, held to maturity(13,357,990)(51,049,152)(44,907,210)(31,310,026)(103,654,684)
Purchases of fixed maturities, available for sale(19,117,414)(138,675,907)(161,873,868)(181,106,519)(89,585,027)
Purchases of equity securities, available for sale(1,792,398)(17,033,093)(15,222,724)(14,759,861)(23,607,077)
Maturity of fixed maturities
Held to maturity2,556,07020,577,32619,488,64428,575,15336,832,890
Available for sale24,098,75199,544,47982,586,58866,744,04538,417,972
Sales of fixed maturities, available for sale208,81710,081,78555,731,29940,321,83826,816,642
Sales of equity securities, available for sale333,79220,880,8149,201,6578,761,4748,337,461
Net purchases of property and equipment(63,921)(1,090,726)(384,207)(151,536)(2,127,311)
Net sales (purchases) of short-term investments1,597,800(1,678,908)4,061,4756,861,16679,384,147
Net cash used in investing activities(5,536,493)(58,443,382)(51,318,346)(76,064,266)(29,184,987)
Cash Flows from Financing Activities
Cash dividends paid(3,850,407)(14,822,052)(14,085,934)(14,455,167)(13,575,968)
Purchases of treasury stock NA 00(28,124,675)(12,026)
Payments on lines of credit NA (10,000,000)(12,000,000)(9,500,000)(7,500,000)
Borrowings under lines of credit NA 0037,000,0003,000,000
Issuance of common stock754,29715,511,45713,822,22815,516,87010,700,637
Net cash used in financing activities(3,096,110)(9,310,595)(12,263,706)437,028(7,387,357)
Net increase in cash2,962,38913,246,221(3,551,930)(7,439,365)7,942,093
Cash at beginning of period37,833,43524,587,21428,139,14435,578,50927,636,416
Cash at end of period40,795,82437,833,43524,587,21428,139,14435,578,509
Cash paid during period-Interest261,816 NA NA NA NA
Net cash paid during period-Taxes0 NA NA NA NA


Data shown on this page is extracted directly from the company’s documents. SNL makes every effort to line up fields, captions and headers that represent the same data over time, despite variations in how the company may report these items in different documents. In certain instances the variation in the company’s presentation over time may be too significant, potentially resulting in repeating and/or disordered items. Despite possible issues with the presentation, SNL, as always, stands by its commitment to the quality of the data.

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