| Cash Flow for Donegal Group Inc.
(DGICB)
|
|
|
|
|
|
|
| Cash Flow |
in Thousands of Dollars |
|
|
12/2008 |
12/2007 |
12/2006 |
12/2005 |
12/2004 |
|
| Net Income |
25,542 |
38,280 |
40,215 |
36,949 |
31,614 |
| Provision for Loan Loss |
- |
- |
- |
- |
- |
| Depreciation & Amortization |
2,401 |
2,446 |
2,715 |
3,066 |
2,473 |
| Deferred Income Taxes |
(833) |
1,029 |
1,085 |
584 |
(405) |
| Change in Assets (Receivables) |
(4,576) |
15,765 |
(8,101) |
(374) |
(11,960) |
| Change in Liabilities (Payables) |
32,761 |
(27,758) |
3,804 |
10,620 |
1,166 |
| Investment Securities Gain |
- |
- |
- |
- |
- |
| Net Policy Acquisition Cost |
(3,306) |
(1,496) |
(1,262) |
(1,219) |
(6,034) |
| Realized Investment Gains |
2,971 |
(2,051) |
(1,830) |
(1,803) |
(1,466) |
| Net Premiums Receivables |
(3,173) |
(1,090) |
(2,824) |
(2,857) |
(6,638) |
| Change in Income Taxes |
(2,618) |
1,375 |
(97) |
4,504 |
(1,852) |
| Other Non-Cash Items |
3,805 |
153 |
47 |
(538) |
27,100 |
| Net Cash from Operating Activities |
52,974 |
26,652 |
33,751 |
48,932 |
33,997 |
|
|
| Proceeds from Sale/Mat. Inv. |
224,031 |
84,722 |
84,871 |
108,472 |
158,388 |
| Purchase of Investment Securities |
(250,428) |
(97,715) |
(121,876) |
(175,745) |
(160,589) |
| Net Increase Fed. Funds Sold |
- |
- |
- |
- |
- |
| Purchase of Property & Equipment |
(1,222) |
(1,364) |
(849) |
(704) |
(521) |
| Acquisitions |
(3,353) |
- |
- |
- |
- |
| Other Investment Changes, Net |
- |
- |
- |
16,768 |
(35,952) |
| Net Cash from Investing Activities |
(30,972) |
(14,357) |
(37,854) |
(51,209) |
(38,674) |
|
| Net Change in Deposits |
- |
- |
- |
- |
- |
| Cash Dividends paid |
(10,026) |
(8,627) |
(7,783) |
(6,813) |
(5,985) |
| Repayment of Long Term Debt |
(15,464) |
- |
- |
- |
- |
| Change in Short Term Debt |
- |
- |
- |
- |
- |
| Issuance of Long term Debt |
- |
- |
- |
- |
5,155 |
| Issuance of Preferred Stock |
- |
- |
- |
- |
- |
| Issuance of Common Stock |
3,857 |
3,543 |
6,308 |
5,551 |
6,948 |
| Purchase of Treasury Stock |
(3,511) |
(4,308) |
- |
- |
- |
| Other Financing Activities |
684 |
855 |
2,299 |
- |
- |
| Cash from Financing Activities |
(24,460) |
(8,538) |
824 |
(1,262) |
6,119 |
|
|
| Effect of Exchange Rate Changes |
- |
- |
- |
- |
- |
| Net Change in Cash & Equivalents |
(2,458) |
3,758 |
(3,279) |
(3,539) |
1,442 |
|
| Cash at Beginning of Period |
4,289 |
532 |
3,811 |
7,350 |
5,909 |
| Cash at End of Period |
1,831 |
4,289 |
532 |
3,811 |
7,350 |
|
|
|
