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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Cash Flows From Operating Activities    
Net income (loss) $ 231 $ 1,001
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Depreciation and amortization 148 98
Amortization of bond premium and discount, net (167) (97)
Change in fair value of equity securities (43) (694)
Stock-based compensation expenses 32 55
Equity loss (earnings) in Affiliate, net of tax (58) 179
(Increase) decrease in:    
Premiums and agents' balances and other receivables 5,205 (91)
Reinsurance recoverables 4,544 19,180
Prepaid reinsurance premiums 8,422 (5,530)
Deferred policy acquisition costs 622 1,964
Other assets (499) (418)
Increase (decrease) in:    
Unpaid losses and loss adjustment expenses 1,214 (20,177)
Unearned premiums (9,919) 1,920
Funds held under reinsurance agreements (339) (2,759)
Reinsurance premiums payable 2,153 1,319
Premiums payable to other insureds (5,146)  
Accounts payable and other liabilities 1,775 (1,968)
Net cash provided by (used in) operating activities 8,175 (6,018)
Cash Flows From Investing Activities    
Purchase of investments (52,396) (60,052)
Proceeds from maturities and redemptions of investments 1,764 2,105
Proceeds from sales of investments 49,074 58,413
Obligation to SSU   (934)
Net cash provided by (used in) investing activities (1,558) (468)
Cash Flows From Financing Activities    
Dividends paid to shareholders (176)  
Repayment of long-term debt (250)  
Net cash provided by (used in) financing activities (426) 0
Net increase (decrease) in cash 6,191 (6,486)
Cash at beginning of period 11,125 28,035
Cash at end of period 17,316 21,549
Supplemental Disclosure of Cash Flow Information:    
Interest paid $ 964 $ 686