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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Operating Activities    
Net cash provided by operating activities $ 71,292 $ 50,423
Investing Activities    
Purchase of property and equipment (5,999) (458)
Purchases – fixed-maturity securities (115,356) (110,023)
Purchases - equity securities (3,593) (7,199)
Sales – fixed-maturity securities 31,441 3,913
Sales - equity securities 2,869 1,910
Maturities and calls – fixed-maturity securities 25,699 61,681
Net cash used in investing activities (64,939) (50,176)
Financing Activities    
Debt Issuance Costs (284) 0
Payroll taxes withheld and remitted on share-based payments (617) 0
Proceeds from stock options exercised 991 624
Dividends paid (3,401) (2,948)
Net cash used in financing activities (3,311) (2,324)
Net change in cash and cash equivalents 3,042 (2,077)
Cash and cash equivalents at beginning of year 75,089 81,747
Cash and cash equivalents at end of period $ 78,131 $ 79,670