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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Operating Activities    
Net cash provided by operating activities $ 33,804 $ 21,437
Investing Activities    
Purchase of property and equipment (3,925) (94)
Purchases – fixed-maturity securities (43,040) (82,587)
Purchases - equity securities (1,831) (3,168)
Sales – fixed-maturity securities 28,416 3,913
Sales - equity securities 915 982
Maturities and calls – fixed-maturity securities 14,545 35,357
Net cash used in investing activities (4,920) (45,597)
Financing Activities    
Proceeds from stock options exercised 597 545
Dividends paid (1,696) (1,473)
Net cash used in financing activities (1,099) (928)
Net change in cash and cash equivalents 27,785 (25,088)
Cash and cash equivalents at beginning of year 75,089 81,747
Cash and cash equivalents at end of period $ 102,874 $ 56,659