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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Operating activities    
Net cash provided by operating activities $ 33,125 $ 17,437
Investing activities    
Capitalized software costs (1,305) (1,658)
Purchases of fixed maturity securities (176,989) (54,871)
Sales and maturities of fixed maturity securities 154,820 21,679
Sales of equity securities 9,014 0
Change in securities receivable or payable, net 0 950
Investments in limited partnerships (1,871) 0
Net cash used in investing activities (16,331) (33,900)
Financing activities    
Net (payments on) proceeds from line of credit (9,600) 35,000
Proceeds from common stock issued via employee stock purchase plan 434 394
Proceeds from common stock issued via stock option exercises 1,857 91
Policy holder contribution to surplus 427 0
Repurchases of common stock 0 (6,826)
Net cash (used in) provided by financing activities (6,882) 28,659
Net increase in cash, cash equivalents and restricted cash 9,912 12,196
Cash, cash equivalents and restricted cash at beginning of period 51,852 68,164
Cash, cash equivalents and restricted cash at end of period 61,764 80,360
Supplementary cash flow information:    
Cash paid for income taxes 6,560 1
Cash paid for interest 714 1,017
Cash and cash equivalents 61,387  
Restricted cash 377  
Cash and cash equivalents and restricted cash $ 61,764 $ 80,360