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Cash Flow Statement (as-reported)

Consolidated GAAP Financial Data
 2017 Q1 YTD2016 Y2015 Y2014 Y2013 Y
Source Document3/31/201712/31/201612/31/201612/31/201612/31/2015
Currency CodeUSDUSDUSDUSDUSD
(in units)     
      
Cash Flows from Operating Activities
Net income5,104,81830,801,13720,990,03314,539,01826,321,992
Adjustments to reconcile net income to net cash provided by operating activities
Depreciation, amortization and other non-cash items1,714,9366,587,2826,740,3463,523,6923,049,101
Net realized investment gains(2,548,975)(2,525,575)(1,934,424)(3,134,081)(2,423,442)
Equity in earnings of Donegal Financial Services Corporation(232,950)(1,086,157)(1,277,229)(1,242,910)(2,907,867)
Changes in assets and liabilities
Losses and loss expenses14,184,71028,459,48139,946,70342,639,13736,791,874
Unearned premiums22,771,64036,562,02520,846,84025,911,72119,646,539
Premiums receivable(9,913,812)(18,122,256)(7,960,450)(9,402,332)(6,708,151)
Deferred acquisition costs(2,054,993)(4,200,808)(3,809,780)(4,671,098)(3,505,813)
Deferred income taxes584,9832,030,865168,395(963,679)1,414,843
Reinsurance receivable(6,775,530)(3,299,895)(6,092,223)(9,396,777)(28,345,791)
Prepaid reinsurance premiums(7,426,960)(10,732,990)2,349,278(3,207,841)(1,507,780)
Accrued investment income(579,432)(304,316)(239,821)(327,845)908,554
Due to affiliate12,142,750(12,762,087)1,147,830239,122(2,409,212)
Reinsurance balances payable1,506,099889,122(4,360,766)(10,107,636)4,007,471
Current income taxes935,703379,406(906,179)(160,525)(1,004,929)
Accrued expenses(9,175,850)5,786,2163,030,848164,5302,124,265
Other, net122,154(22,628)(2,235,228)111,941556,815
Dividends received from affiliate NA 1,591,3001,783,70001,139,800
Net adjustments15,254,47329,228,98547,197,84029,975,41919,686,477
Net cash provided by operating activities20,359,29160,030,12268,187,87344,514,43746,008,469
Cash Flows from Investing Activities
Purchases of fixed maturities, held to maturity(19,450,746)(44,907,210)(31,310,026)(103,654,684)0
Purchases of fixed maturities, available for sale(18,262,702)(161,873,868)(181,106,519)(89,585,027)(148,486,404)
Purchases of equity securities, available for sale(3,695,056)(15,222,724)(14,759,861)(23,607,077)(47,156,954)
Maturity of fixed maturities
Held to maturity4,926,76819,488,64428,575,15336,832,89013,767,271
Available for sale20,298,89182,586,58866,744,04538,417,97252,675,833
Sales of fixed maturities, available for sale1,216,60655,731,29940,321,83826,816,642133,890,611
Sales of equity securities, available for sale6,531,1229,201,6578,761,4748,337,46143,204,703
Net purchases of property and equipment(194,753)(384,207)(151,536)(2,127,311)(1,254,767)
Net (purchases) sales of short-term investments(897,339)4,061,4756,861,16679,384,147(75,851,568)
Net cash used in investing activities(9,527,209)(51,318,346)(76,064,266)(29,184,987)(28,071,475)
Cash Flows from Financing Activities
Cash dividends paid(3,628,577)(14,085,934)(14,455,167)(13,575,968)(12,810,471)
Purchases of treasury stock NA 0(28,124,675)(12,026)(376,463)
Payments on subordinated debentures NA NA NA NA (15,465,000)
Payments on lines of credit NA (12,000,000)(9,500,000)(7,500,000)(15,500,000)
Borrowings under lines of credit NA 037,000,0003,000,00021,500,000
Issuance of common stock1,865,39913,822,22815,516,87010,700,63712,550,066
Net cash used in financing activities(1,763,178)(12,263,706)437,028(7,387,357)(10,101,868)
Net increase in cash9,068,904(3,551,930)(7,439,365)7,942,0937,835,126
Cash at beginning of period24,587,21428,139,14435,578,50927,636,41619,801,290
Cash at end of period33,656,11824,587,21428,139,14435,578,50927,636,416
Cash paid during period - Interest297,095 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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