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Interim Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash flows from operating activities    
Net (loss) income $ (8,011) $ (7,230)
Adjustments to reconcile net (loss) income to net cash (used) provided by operating activities:    
Depreciation and amortization and other non-cash items 2,250 1,603
Interest credited to policyholder account balances 1,454 1,473
Deferred income tax (1,820) (677)
Net gains (losses) on investments (1,762) (2,813)
Other-than-temporary-impairments 103 3
Interest expense 730 784
Change in:    
Equity securities   (245)
Accrued investment income (434) 47
Reinsurance recoverables (18,024) (10,452)
Deferred policy acquisition costs 3,322 (2,786)
Commissions and agent balances (1,617) (9,841)
Other assets (1,580) (472)
Insurance liabilities 16,525 18,324
Other liabilities (235) 4,523
Net cash (used) provided by operating activities (9,099) (7,759)
Sales, maturities and repayments of:    
Fixed maturities 26,062 35,659
Mortgage loans 2,794 3,181
Other invested assets   94
Purchases of:    
Fixed maturities (17,378) (37,296)
Mortgage loans (2,828) (465)
Other invested assets (190) (90)
Change in policyholder loans, net (229) 111
Other, net (3,149) (3,145)
Net cash provided (used) by investing activities 5,082 (1,951)
Cash flows from financing activities    
Debt issued 9,517 1,234
Debt repaid (3,628) (4,849)
Deposits to policyholder account balances 207 257
Withdrawals from policyholder account balances (2,778) (3,312)
Net cash provided (used) by financing activities 3,318 (6,670)
Net (decrease) increase in cash, cash equivalents and restricted cash (699) (16,380)
Cash, cash equivalents and restricted cash – beginning of period 22,399 36,242
Cash, cash equivalents and restricted cash – end of period $ 21,700 $ 19,862