DGICB: the cash flow

Net income

22,305,749

-50,640,904

62,151,508

Depreciation, amortization and other non-cash items

513,750

-1,792,414

2,649,815

Net investment gains

3,267,408

-2,824,361

2,345,137

Losses and loss expenses

-680,055

36,448,540

-6,683,514

Unearned premiums

22,481,222

15,697,146

10,472,817

Premiums receivable

20,491,732

4,733,933

11,789,560

Deferred acquisition costs

-95,897

3,249,534

76,436

Deferred income taxes

-557,307

946,041

-482,956

Reinsurance receivable

-4,972,533

36,487,107

-16,978,141

Prepaid reinsurance premiums

18,644,255

3,985,940

4,251,066

Accrued investment income

-552,041

-33,389

1,097,205

Due from affiliate

-419,012

2,175,477

237,781

Reinsurance balances payable

-1,183,576

1,090,868

-1,433,002

Current income taxes

-1,752,525

7,847,513

-4,759,569

Accrued expenses

-228,550

506,078

-415,846

Other, net

-250,612

496,314

-586,963

Net adjustments

-16,405,727

10,581,135

-1,918,424

Net cash provided by operating activities

5,900,022

-40,059,769

60,233,084

Purchases of fixed maturities, held to maturity

25,196,137

-70,231,080

82,373,947

Purchases of fixed maturities, available for sale

66,255,582

-167,577,342

211,471,122

Purchases of equity securities

99,099

-1,190,431

2,512,570

Held to maturity

1,517,132

-16,517,825

25,567,921

Maturities Prepayments And Calls Of Available For Sale Securities

47,455,048

-65,727,132

95,926,329

Sale Of Available For Sale Securities Debt

-83,809,508

-

114,705,284

Sales of equity securities

-1,169,255

-

2,145,314

Net sales (purchases) of property and equipment

0

-427

102

Net sales (purchases) of short-term investments, available for sale

513,192

-25,569,123

12,873,676

Net cash used in investing activities

-11,219,995

65,472,848

-70,886,569

Cash dividends paid

7,034,456

-12,429,415

19,084,560

Issuance of common stock

575,555

-14,772,655

15,383,590

Net cash (used in) provided by financing activities

-6,458,901

-2,343,240

-3,700,970

Net (decrease) increase in cash

-11,778,874

23,069,839

-14,354,455

Cash at beginning of period

38,571,476

52,925,931

Cash at end of period

23,722,355

35,501,229

38,571,476

MyFinsight

Cash Flow Overview

Time Plot

Cash Flow

Cash Flow Overview

Time Plot

Cash Flow