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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Cash Flows From Operating Activities    
Net income $ 40,325 $ 45,916
Less net loss from discontinued operations, net of taxes 0 (1,912)
Adjustments to reconcile net income to net cash provided by operating activities    
Net accretion of bond premium 5,039 4,324
Depreciation and amortization 2,618 2,316
Stock-based compensation expense 4,045 2,718
Net realized investment (gains) losses (40,304) 6,567
Net cash flows from equity and trading investments 639 21,839
Deferred income tax benefit 7,716 (8,836)
Changes in:    
Accrued investment income 574 (1,875)
Premiums receivable (56,062) (51,729)
Deferred policy acquisition costs (8,767) (6,963)
Reinsurance receivables 8,558 4,384
Prepaid reinsurance premiums (1,049) (1,153)
Income taxes receivable 5,913 6,031
Other assets (18,706) (102)
Losses and loss settlement expenses 29,183 16,664
Unearned premiums 47,062 52,341
Accrued expenses and other liabilities 10,562 9,383
Income taxes payable 0 5,539
Deferred income taxes 0 (14,054)
Other, net (1,070) 1,253
Cash from operating activities - continuing operations (4,049) 48,647
Cash from operating activities - discontinued operations 0 4,023
Cash from operating activities - gain on sale of discontinued operations 0 (34,851)
Total adjustments (4,049) 17,819
Net cash provided by operating activities 36,276 65,647
Cash Flows From Investing Activities    
Proceeds from sale of available-for-sale investments 36,490 23,994
Proceeds from call and maturity of available-for-sale investments 111,824 60,651
Proceeds from short-term and other investments 2,315 5,816
Proceeds from the sale of discontinued operations 0 276,055
Purchase of available-for-sale investments (44,400) (383,633)
Purchase of mortgage loans (10,723) (9,896)
Purchase of short-term and other investments (11,986) (1,995)
Net purchases and sales of property and equipment (20,920) (13,012)
Cash from investing activities - continuing operations 62,600 (42,020)
Cash from investing activities - discontinued operations 0 14,343
Net cash provided by (used in) investing activities 62,600 (27,677)
Cash Flows From Financing Activities    
Payment of cash dividends (16,122) (14,716)
Repurchase of common stock (69) (5,404)
Issuance of common stock 1,645 5,794
Cash from financing activities - continuing operations (14,546) (14,326)
Cash from financing activities - discontinued operations 0 (11,547)
Net cash used in financing activities (14,546) (25,873)
Net Change in Cash and Cash Equivalents 84,330 12,097
Less: increase in cash and cash equivalents - discontinued operations 0 (6,819)
Net increase in cash and cash equivalents - continuing operations 84,330 5,278
Cash and Cash Equivalents at Beginning of Period - Continuing Operations 64,454 95,562
Cash and Cash Equivalents at End of Period - Continuing Operations $ 148,784 $ 100,840