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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Cash flows from operating activities:    
Net income (loss) $ (3,802) $ 37
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Realized (gains) losses on sale of investments and other assets (5,961) 575
Net deferred policy acquisition costs 1,449 1,643
Amortization of cost of customer relationships acquired 419 679
Depreciation 396 437
Amortization of premiums and discounts on investments 4,043 4,155
Stock-based compensation 1,460 0
Deferred federal income tax benefit 140 (1,793)
Change in:    
Accrued investment income 312 310
Reinsurance recoverable 77 (65)
Due premiums 2,242 1,870
Future policy benefit reserves 12,217 14,757
Other policyholders' liabilities 1,195 2,352
Federal income tax receivable 5,671 4,335
Commissions payable and other liabilities 204 (6,872)
Other, net (2,139) (429)
Net cash provided by operating activities 17,923 21,991
Cash flows from investing activities:    
Purchase of fixed maturities, available-for-sale (74,209) (43,914)
Sale of fixed maturities, available-for-sale 7,659 0
Maturities and calls of fixed maturities, available-for-sale 31,631 16,501
Maturities and calls of fixed maturities, held-to-maturity 0 2,295
Principal payments on mortgage loans 2 2
Increase in policy loans, net (650) (1,901)
Sale of other long-term investments and real estate 6,996 1
Sale of property and equipment 18 0
Purchase of property and equipment (257) (61)
Net cash used in investing activities (28,810) (27,077)
Cash flows from financing activities:    
Annuity deposits 1,541 1,775
Annuity withdrawals (1,676) (1,506)
Other (377) 0
Net cash provided by financing activities (512) 269
Net increase (decrease) in cash and cash equivalents (11,399) (4,817)
Cash and cash equivalents at beginning of year 45,492 46,064
Cash and cash equivalents at end of period $ 34,093 $ 41,247