XML 18 R7.htm IDEA: XBRL DOCUMENT v3.21.2
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Cash Flows From Operating Activities    
Net income (loss) $ (293) $ (2,679)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Gain on sale of agency business (8,910) 0
Depreciation and amortization 320 330
Amortization of bond premium and discount, net 388 469
Net realized investment (gains) losses (3,917) (4,489)
Change in fair value of equity securities 3,234 1,866
Stock-based compensation expenses 184 636
Equity earnings in Affiliate, net of tax (612) (417)
Other (2,728) (261)
(Increase) decrease in:    
Premiums and agents' balances and other receivables (2,022) 332
Reinsurance recoverables (1,040) 5,674
Prepaid reinsurance premiums (2,909) (3,293)
Deferred policy acquisition costs (1,368) (371)
Other assets 408 281
Increase (decrease) in:    
Unpaid losses and loss adjustment expenses 8,584 (3,562)
Unearned premiums 8,812 3,586
Reinsurance premiums payable 750 0
Accounts payable and other liabilities (869) (1,097)
Net cash provided by (used in) operating activities (1,988) (2,995)
Cash Flows From Investing Activities    
Purchase of investments (149,486) (245,583)
Proceeds from maturities and redemptions of investments 17,859 16,648
Proceeds from sales of investments 135,591 226,993
Proceeds from sale of agency business 1,000 0
Dividends from Affiliate 900 0
Other purchases (531) 0
Purchases of property and equipment (20) (62)
Net cash provided by (used in) investing activities 5,313 (2,004)
Cash Flows From Financing Activities    
Repurchase of common stock (11) (35)
Repurchase of senior unsecured notes 0 (625)
Borrowings under debt arrangements 3,000 5,745
Repayment of borrowings under debt arrangements (7,000) 0
Net cash provided by (used in) financing activities (4,011) 5,085
Net increase (decrease) in cash (686) 86
Cash at beginning of period 8,193 7,464
Cash at end of period 7,507 7,550
Supplemental Disclosure of Cash Flow Information:    
Interest paid 2,183 1,938
Note receivable from sale of agency business 9,000 0
Payable from purchase of agency $ 520 $ 0