KG: the cash flow

Net premiums earned

6,631

-

Legacy Reinsurance Segment

0

-

Program Services Segment

6,862

-

Fee revenue

6,862

-

Net loss and lae

3,770

-

Legacy Reinsurance Segment

2,456

-

Program Services Segment

0

-

Commission and other acquisition expenses

2,456

-

General and administrative expenses

8,397

-

Underwriting (loss) income and fee (loss) income

-1,130

-

Net investment income and net realized and unrealized investment (losses) gains

3,417

-

Interest and amortization expenses

8,073

-

Foreign exchange and other gains, net

2,270

-

Other general and administrative expenses

14,340

-

Income tax (benefit) expense

-106

-

Interest in income of equity method investments

10

-

Net (loss) income

-8,082

-7,431

-17,755

-5,053

Add net loss from discontinued operations

-

-2,813

-

Less net loss from discontinued operations

-

982

-

-965

Other non-cash (income) expenses including credit losses, depreciation, amortization, leases

-436

9

299

-2,815

Gain on bargain purchase

0

-

-5,284

0

Interest in income of equity method investments

10

-1

48

-24

Net realized and unrealized investment (losses) gains

-2,984

1,339

405

5,494

Share-based compensation expense

1,171

1,449

-

Foreign exchange and other (gains) losses

2,270

2,228

432

-2,155

Reinsurance balances receivable, net

5,294

-373

-9,181

-637

Reinsurance recoverable on unpaid losses

-2,372

-2,647

2,740

-8,954

Accrued investment income

-38

-123

-109

144

Funds withheld receivable

-304

-3,020

-1,073

563

Other assets

3,616

-139

810

619

Reserve for loss and loss adjustment expenses

-14,658

-16,740

-7,038

-22,156

Unearned premiums

-2,054

-512

-2,209

-2,980

Accrued expenses and other liabilities

3,530

5,559

-50,551

23,363

Net cash used in continuing operations

-

-14,452

-64,689

-8,950

Net cash used in discontinued operations

-

-681

-1,016

-748

Net cash used in operating activities

-25,818

-15,133

-65,705

-9,698

Purchases of fixed maturities

38,301

37,357

-44,052

115,777

Purchases of other investments

1,206

2,257

2,071

6,078

Purchases of equity method investments

549

474

471

114

Proceeds from sales of fixed maturities

10,365

38,117

47,598

7,878

Proceeds from maturities, paydowns and calls of fixed maturities

5,216

44,268

-64,144

149,346

Proceeds from sale and redemption of other investments

548

1,231

1,889

924

Proceeds from sale and redemption of equity method investments

0

-

Cash acquired from purchase of business

0

-

0

Net loan receivable from related party

-10,090

-9,477

-15,683

-6,750

Others, net

7

3

17

Net cash provided by investing activities

-13,844

52,998

42,533

16,079

Repurchase of common shares

0

486

-

Dividends paid kestrel equityholders

0

-

0

Net cash used in financing activities

0

-486

0

Effect of exchange rate changes on foreign currency cash, restricted cash and cash equivalents

-81

-548

-104

-165

Net (decrease) increase in cash, restricted cash and cash equivalents

-39,743

36,831

-23,276

6,216

Cash, restricted cash and cash equivalents, beginning of period

29,190

24,626

4,286

-

Cash, restricted cash and cash equivalents, end of period

26,278

-

Cash and cash equivalents, end of period

16,062

-

Restricted cash and cash equivalents, end of period

10,216

-

Cash, restricted cash and cash equivalents, end of period

-

61,457

15,482

-

Total cash, restricted cash and cash equivalents, end of period

26,278

-

MyFinsight

Cash Flow Overview

Time Plot

Cash Flow

Cash Flow Overview

Time Plot

Cash Flow