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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash Flows From Operating Activities    
Net income (loss) $ (11,269) $ 916
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Gain on sale of agency business 0 (8,910)
Depreciation and amortization 205 217
Amortization of bond premium and discount, net 217 255
Net realized investment (gains) losses 1,505 (3,984)
Change in fair value of equity securities (597) 1,065
Stock-based compensation expenses 96 133
Equity earnings in Affiliate, net of tax (169) (428)
Other 0 17
(Increase) decrease in:    
Premiums and agents' balances and other receivables (2,936) (2,719)
Reinsurance recoverables (557) 263
Prepaid reinsurance premiums (7,080) (3,648)
Deferred policy acquisition costs 1,520 (878)
Other assets (454) 344
Increase (decrease) in:    
Unpaid losses and loss adjustment expenses 1,911 6,582
Unearned premiums 3,835 6,879
Reinsurance premiums payable (1,607) 0
Accounts payable and other liabilities (94) (564)
Net cash provided by (used in) operating activities (15,474) (4,460)
Cash Flows From Investing Activities    
Purchase of investments (151,809) (112,849)
Proceeds from maturities and redemptions of investments 15,015 11,793
Proceeds from sales of investments 150,492 104,118
Proceeds from sale of agency business 0 1,000
Dividends from Affiliate 0 900
Purchases of property and equipment 0 (20)
Net cash provided by (used in) investing activities 13,698 4,942
Cash Flows From Financing Activities    
Proceeds received from common stock subscription agreement 5,000 0
Repurchase of common stock 11 (7)
Borrowings under debt arrangements 5,000 3,000
Repayment of borrowings under debt arrangements (5,000) (7,000)
Net cash provided by (used in) financing activities 5,011 (4,007)
Net increase (decrease) in cash 3,235 (3,525)
Cash at beginning of period 9,913 8,193
Cash at end of period 13,148 4,668
Supplemental Disclosure of Cash Flow Information:    
Interest paid 1,429 1,450
Income taxes paid (refunded), net (12) (9)
Note receivable from sale of agency business 0 9,000
Payable from purchase of agency $ 0 $ 1,051