7Baggers
Quarterly
Annual
    Unit: USD2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31 2020-12-31 2020-09-30 2020-06-30 2020-03-31 2019-12-31 2019-09-30 2019-06-30 2019-03-31 2018-12-31 2018-09-30 2018-06-30 2018-03-31 2017-09-30 2017-06-30 2017-03-31 2016-09-30 
      
    		                                   
      operating activities:
    		                                   
      net cash from operating activities
    		303,474,000 269,091,000 229,779,000 212,977,000 274,031,000 278,934,000 210,359,000 211,527,000 224,731,000 225,973,000 197,604,000 101,116,000 178,045,000 156,725,000 121,929,000 105,161,000 106,933,000 103,626,000 91,322,000 73,513,000 73,874,000 72,904,000 59,683,000 59,257,000 47,808,000 37,488,000 33,804,000 25,574,000 27,983,000 28,986,000 21,437,000 23,765,000 25,335,000 15,447,000 20,123,000 
      capex
    		-13,931,000 -17,013,000 -12,139,000 -10,786,000 -5,828,000 -3,818,000 -3,511,000 -1,106,000 -1,282,000 -1,559,000 -2,660,000 -2,157,000 -2,721,000 -1,320,000 -703,000 -1,150,000 -1,824,000 -1,664,000 -1,282,000 -3,787,000 -8,975,000 -10,849,000 -9,264,000 -7,216,000 -6,407,000 -2,074,000 -3,925,000 -651,000 -164,000 -364,000 -94,000 -41,000 -31,000 -31,000 -140,000 
      free cash flows
    		289,543,000 252,078,000 217,640,000 202,191,000 268,203,000 275,116,000 206,848,000 210,421,000 223,449,000 224,414,000 194,944,000 98,959,000 175,324,000 155,405,000 121,226,000 104,011,000 105,109,000 101,962,000 90,040,000 69,726,000 64,899,000 62,055,000 50,419,000 52,041,000 41,401,000 35,414,000 29,879,000 24,923,000 27,819,000 28,622,000 21,343,000 23,724,000 25,304,000 15,416,000 19,983,000 
      investing activities:
    		                                   
      purchase of property and equipment
    		-13,931,000 -17,013,000 -12,139,000 -10,786,000 -5,828,000 -3,818,000 -3,511,000 -1,106,000 -1,282,000 -1,559,000 -2,660,000 -2,157,000 -2,721,000 -1,320,000 -703,000 -1,150,000 -1,824,000 -1,664,000 -1,282,000 -3,787,000 -8,975,000 -10,849,000 -9,264,000 -7,216,000 -6,407,000 -2,074,000 -3,925,000 -651,000 -164,000 -364,000 -94,000 -41,000 -31,000 -31,000 -140,000 
      purchase of real estate investment
    		   0 0 -85,000 -227,000 -383,000 -648,000 -527,000 -558,000                         
      change in short-term investments
    		23,485,000 4,999,000 -34,999,000 -3,674,000 6,963,000   23,635,000 0 -1,995,000 15,066,000 40,475,000 -70,320,000 -9,953,000 -840,000                    6,399,000 
      purchases – fixed-maturity securities
    		-828,826,000 -570,077,000 -369,457,000 -292,469,000 -505,273,000 -462,407,000 -297,392,000 -369,128,000 -280,116,000 -409,584,000 -258,220,000 -151,667,000 -201,702,000 -171,537,000 -226,496,000 -145,922,000 -193,848,000 -210,142,000 -105,010,000 -141,019,000 -158,601,000 -84,149,000 -146,963,000 -60,868,000 -129,979,000 -72,316,000 -43,040,000 -24,134,000 -60,832,000       
      purchases – equity securities
    		-36,525,000 -52,184,000 -42,710,000 -41,378,000 -30,870,000 -34,463,000 -49,766,000 -24,558,000 -21,512,000 -20,235,000 -20,300,000 -10,408,000 -292,000 -319,000 -487,000 -13,150,000 -3,434,000 -5,001,000 -3,282,000 -2,992,000 -1,845,000 -18,542,000 -13,443,000 -8,748,000 -17,546,000 -1,762,000 -1,831,000 -3,895,000 -1,562,000 -4,031,000 -3,168,000 -14,614,000 -3,187,000 -3,114,000 -101,000 
      sales – fixed-maturity securities
    		394,894,000 175,766,000 106,974,000 15,192,000 84,884,000 121,489,000 67,795,000 41,202,000 16,998,000 138,198,000 49,220,000 -9,974,000 682,000 18,146,000 54,238,000 10,454,000 14,871,000 56,884,000 30,797,000 40,707,000 24,517,000 22,884,000 31,641,000 3,016,000 1,069,000 3,025,000 28,416,000 2,019,000 4,495,000       
      sales – equity securities
    		3,000,000 0 11,585,000 150,000 3,350,000 20,757,000 10,123,000 23,120,000 1,252,000 5,114,000 1,137,000 1,000,000 0 2,365,000 1,625,000 1,432,000 1,602,000       704,000 17,886,000 1,954,000 915,000 455,000 64,000 928,000 982,000     
      maturities and calls – fixed-maturity securities
    		195,300,000 214,329,000 144,678,000 134,940,000 116,839,000 120,109,000 80,464,000 62,690,000 51,527,000 36,181,000 26,103,000 20,632,000 24,606,000 28,224,000 36,953,000 76,462,000 39,986,000 54,630,000 45,053,000 27,599,000 24,125,000 22,597,000 19,482,000 23,453,000 18,782,000 11,154,000 14,545,000 12,208,000 15,633,000       
      net cash from investing activities
    		-262,603,000 -259,287,000 -180,961,000 -198,025,000 -329,935,000 -239,651,000 -192,514,000 -244,528,000 -171,745,000 -254,407,000 -190,212,000 -188,722,000 -249,747,000 -134,394,000 -135,710,000 -71,874,000 -142,647,000 -103,710,000 -33,724,000 -77,047,000 -120,779,000 -68,059,000 -113,548,000 -49,659,000 -116,195,000 -60,019,000 -4,920,000 -13,998,000 -42,366,000 -4,579,000 -45,597,000 -20,218,000 -6,203,000 10,624,000 -7,852,000 
      financing activities:
    		                                   
      proceeds from borrowing under credit facility
    		                                   
      payroll taxes withheld and remitted on share-based payments
    		0 -34,000 -6,248,000 -82,000 0 -1,123,000 -5,842,000 -48,000 0 -2,130,000 -2,104,000 -31,000 0 -2,741,000 -516,000 -19,000 0   0 0   0 0           
      proceeds from stock options exercised
    		127,000 244,000 235,000  51,000 219,000 933,000  172,000 230,000 324,000  373,000 150,000 378,000  220,000 163,000 339,000  954,000    991,000 394,000 597,000  934,000 79,000 545,000     
      dividends paid
    		-3,937,000 -3,939,000 -3,993,000 -3,475,000 -3,477,000 -3,490,000 -3,498,000 -3,231,000 -3,228,000 -3,257,000 -3,238,000 -2,989,000 -2,967,000 -3,008,000 -2,963,000 -2,500,000 -2,499,000 -2,527,000 -2,495,000 -2,037,000 -2,030,000 -2,015,000 -1,991,000 -1,766,000 -1,762,000 -1,705,000 -1,696,000 -1,481,000 -1,477,000 -1,475,000 -1,473,000 -1,261,000 -1,258,000 -1,258,000  
      treasury stock acquired – share repurchases
    		-20,000,000 -10,000,000 -9,999,000                                 
      net cash from financing activities
    		-8,810,000 -13,729,000 -20,005,000 -13,430,000 -3,426,000 -4,394,000 -8,407,000 -3,249,000 -15,099,000 -5,157,000 -5,018,000 117,667,000 77,025,000 -5,599,000 -3,101,000 -2,259,000 -2,279,000 -4,446,000 -2,156,000 1,931,000 62,625,000 5,577,000 6,011,000 4,502,000 76,564,000 -2,212,000 -1,099,000 -1,231,000 -543,000 -1,396,000 -928,000 -293,000 -1,258,000 -1,267,000 69,250,000 
      net change in cash and cash equivalents
    		32,061,000 -3,925,000 28,813,000 1,522,000 -59,330,000 34,889,000 9,438,000 -36,250,000 37,887,000 -33,591,000 2,374,000 30,061,000 5,323,000 16,732,000 -16,882,000 31,028,000 -37,993,000 -4,530,000 55,442,000 -1,603,000 15,720,000 10,422,000 -47,854,000 14,100,000 8,177,000 -24,743,000 27,785,000 10,345,000 -14,926,000 23,011,000 -25,088,000 3,254,000 17,874,000 24,804,000 81,521,000 
      cash and cash equivalents at beginning of year
    		0 0 113,213,000 0 0 0 126,694,000 0 0 0 156,274,000 0 0 0 121,040,000 0 0 0 77,093,000 0 0 0 100,408,000 0 0 0 75,089,000 0 0 0 81,747,000 0 0 50,752,000 0 
      cash and cash equivalents at end of period
    		32,061,000 -3,925,000 142,026,000  -59,330,000 34,889,000 136,132,000  37,887,000 -33,591,000 158,648,000  5,323,000 16,732,000 104,158,000  -37,993,000 -4,530,000 132,535,000  15,720,000 10,422,000 52,554,000  8,177,000 -24,743,000 102,874,000  -14,926,000 23,011,000 56,659,000 3,254,000 17,874,000 75,556,000 81,521,000 
      other
    		  15,107,000                                 
      net income
    		                                   
      adjustments to reconcile net income to net cash from operating activities:
    		                                   
      change in fair value of equity securities
    		                                   
      net realized investment gains
    		                                   
      change in allowance for credit losses on investments
    		                                   
      deferred tax benefit
    		                                   
      depreciation and amortization
    		                                   
      stock compensation expense
    		                                   
      change in operating assets and liabilities:
    		                                   
      investment income due and accrued
    		                                   
      premiums receivable
    		                                   
      reserves for unpaid loss and loss adjustment expenses
    		                                   
      unearned premiums
    		                                   
      reinsurance balances
    		                                   
      deferred policy acquisition costs
    		                                   
      income taxes payable
    		                                   
      accounts payable and accrued expenses
    		                                   
      sale of real estate investment
    		       0                            
      proceeds from issuance of common stock, net of issuance costs
    		                   -3,000    0            
      proceeds from borrowings under credit facility
    		                                   
      proceeds from notes payable
    		       0    0                        
      repayment of credit facility
    		                                   
      debt issuance costs
    		       -121,000    0            0 -344,000           
      common stock issued, stock options exercised
    		                      702,000             
      treasury stock acquired — share repurchases
    		                                   
      cash and cash equivalents at end of year
    		                                   
      payoff of credit facility
    		                                   
      deferred tax (benefit) expense
    		                                   
      sale of property and equipment
    		                   78,000 0 0 4,999,000             
      net unrealized gains on equity securities
    		                                   
      income taxes (recoverable) payable
    		                                   
      proceeds from credit facility
    		                   2,400,000 7,000,000 9,000,000 7,300,000 5,500,000            
      net unrealized (gains) losses on equity securities
    		                                   
      deferred tax expense
    		                                   
      funds held for reinsurers
    		                                   
      payments on capital lease
    		                               0 0 -9,000 -43,000 
      net unrealized losses on equity securities
    		                                   
      common stock issued, net of transaction costs
    		                                   
      repayment of note payable
    		                                   
      purchases – fixed maturity securities
    		                              -82,587,000 -48,925,000 -15,014,000 -6,147,000 -25,714,000 
      sales – fixed maturity securities
    		                              3,913,000 6,220,000 1,000 718,000 486,000 
      maturities and calls – fixed maturity securities
    		                              35,357,000 22,661,000 26,509,000 19,198,000 11,218,000 
      securities available-for-sale:
    		                                   
      net proceeds from initial public offering
    		                                   
    The information provided in this report is taken from www.sec.gov and many other data providers. While we have conducted our best efforts to ensure that the parsed data is accurate, we cannot guarantee its accuracy. Please use caution and understand that any consequences of its use are your own responsibility.