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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Cash Flows From Operating Activities    
Net income (loss) $ (3,738) $ (11,269)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Depreciation and amortization 193 205
Amortization of bond premium and discount, net (362) 217
Net realized investment (gains) losses   1,505
Change in fair value of equity securities (682) (597)
Stock-based compensation expenses 103 96
Equity loss (earnings) in Affiliate, net of tax 175 (169)
(Increase) decrease in:    
Premiums and agents' balances and other receivables (3,961) (2,936)
Reinsurance recoverables 26,971 (557)
Prepaid reinsurance premiums (8,045) (7,080)
Deferred policy acquisition costs 790 1,520
Other assets 64 (454)
Increase (decrease) in:    
Unpaid losses and loss adjustment expenses (20,535) 1,911
Unearned premiums 10,581 3,835
Reinsurance premiums payable (207) (1,607)
Accounts payable and other liabilities (2,794) (94)
Net cash provided by (used in) operating activities (1,447) (15,474)
Cash Flows From Investing Activities    
Purchase of investments (120,578) (151,809)
Proceeds from maturities and redemptions of investments 5,651 15,015
Proceeds from sales of investments 108,041 150,492
Obligation to SSU 934  
Net cash provided by (used in) investing activities (7,820) 13,698
Cash Flows From Financing Activities    
Proceeds received from common stock subscription agreement   5,000
Repurchase of common stock (3) 11
Borrowings under line of credit   5,000
Repayment of borrowings under debt arrangements   (5,000)
Net cash provided by (used in) financing activities (3) 5,011
Net increase (decrease) in cash (9,270) 3,235
Cash at beginning of period 28,035 9,913
Cash at end of period 18,765 13,148
Supplemental Disclosure of Cash Flow Information:    
Interest paid 1,506 1,429
Income taxes paid (refunded), net $ (17) $ (12)