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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Cash Flows From Operating Activities    
Net income (loss) $ 17,700 $ 13,502
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities    
Net accretion of bond premium 259 1,665
Depreciation and amortization 2,496 2,672
Stock-based compensation expense 1,758 1,156
Net investment (gains) losses 793 1,291
Net cash flows from equity and trading investments 0 56,381
Deferred income tax expense (benefit) (2,061) (7,170)
Changes in:    
Accrued investment income 354 (391)
Premiums receivable (1,842) (53,454)
Deferred policy acquisition costs (4,626) (8,678)
Reinsurance receivables (1,392) (16,702)
Prepaid reinsurance premiums 755 3,074
Income taxes receivable 6,284 9,939
Other assets 11,769 (65,029)
Losses and loss settlement expenses 19,677 52,130
Unearned premium 22,783 37,358
Accrued expenses and other liabilities (39,568) 7,212
Other, net 535 1,206
Net cash provided by (used in) operating activities 35,674 36,161
Cash Flows From Investing Activities    
Proceeds from sale of available-for-sale investments 24,318 88,378
Proceeds from call and maturity of available-for-sale investments 49,821 34,719
Proceeds from sale of other investments 3,148 4,739
Purchase of available-for-sale investments (110,957) (39,859)
Purchase of other investments (11,986) (1,494)
Net purchases and sales of property and equipment (2,495) (2,603)
Net cash provided by (used in) investing activities (48,151) 83,880
Cash Flows From Financing Activities    
Issuance of common stock (732) (256)
Payment of cash dividends (4,062) (4,046)
Net cash provided by (used in) financing activities (4,794) (4,302)
Net Change in Cash and Cash Equivalents (17,271) 115,739
Cash and Cash Equivalents at Beginning of Period 200,949 102,046
Cash and Cash Equivalents at End of Period 183,678 217,785
Supplemental Disclosures of Cash Flow Information    
Income taxes paid 0 12
Interest paid $ 2,434 $ 859