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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Cash Flows From Operating Activities      
Net income (loss) $ 15,031 $ 80,594 $ (112,706)
Adjustments to reconcile net income to net cash provided by operating activities      
Net accretion of bond premium 9,000 13,597 10,444
Depreciation and amortization 7,670 6,570 6,656
Goodwill impairment 0 0 15,091
Stock-based compensation expense 2,826 3,444 4,992
Net investment (gains) losses 15,622 (47,383) 32,395
Net cash flows from trading investments 29,725 38,411 72,753
Deferred income tax benefit (3,930) 5,632 (17,468)
Changes in:      
Accrued investment income (1,084) 1,219 567
Premiums receivable (48,958) 521 40,340
Deferred policy acquisition costs (12,779) (4,352) 7,198
Reinsurance receivables (43,138) 32,725 (88,171)
Prepaid reinsurance premiums (1,972) 3,637 (3,415)
Income taxes receivable 960 33,816 (47,004)
Other assets (8,136) (43,865) (7,291)
Losses, claims and loss settlement expenses (16,991) (63,866) 156,377
Unearned premiums 34,655 (25,112) (40,317)
Accrued expenses and other liabilities 12,972 2,430 (6,129)
Deferred income taxes (652) (464) 7,521
Other, net 7,928 (7,637) 9,602
Cash from operating activities (16,282) (50,677) 154,141
Net cash provided by (used in) operating activities (1,251) 29,917 41,435
Cash Flows From Investing Activities      
Proceeds from sale of available-for-sale investments 83,559 180,514 50,744
Proceeds from call and maturity of available-for-sale investments 184,210 264,237 318,981
Proceeds from short-term and other investments 12,648 6,387 6,494
Purchase of available-for-sale investments (284,054) (395,787) (438,035)
Purchase of mortgage loans (103) 0 (5,564)
Purchase of short-term and other investments (13,294) (9,644) (6,629)
Net purchases and sales of property and equipment (2,137) (13,976) (18,862)
Net cash provided by (used in) investing activities (19,171) 31,731 (92,871)
Cash Flows From Financing Activities      
Borrowings of long-term debt 0 0 50,000
Payment of cash dividends (15,860) (15,064) (28,526)
Repurchase of common stock 0 (2,007) (2,741)
Issuance of common stock 828 (421) (71)
Net cash provided by (used in) financing activities (15,032) (17,492) 18,662
Net Change in Cash and Cash Equivalents (35,454) 44,156 (32,774)
Cash and Cash Equivalents at Beginning of Year 132,104 87,948 120,722
Cash and Cash Equivalents at End of Year 96,650 132,104 87,948
Supplemental Cash Flow Information [Abstract]      
Income taxes paid 21,548 5,360 138
Interest paid $ 3,188 $ 3,187 $ 0