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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Cash flows from operating activities:    
Net income (loss) $ (8,367) $ (2,521)
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Realized (gains) losses on sale of investments and other assets (3,092) 753
Net deferred policy acquisition costs 2,968 3,203
Amortization of cost of customer relationships acquired 837 1,151
Depreciation 848 708
Amortization of premiums and discounts on investments 7,288 8,332
Stock-based compensation 1,587 213
Deferred federal income tax benefit (94) (2,869)
Change in:    
Accrued investment income (453) (179)
Reinsurance recoverable 208 (256)
Due premiums 2,768 974
Future policy benefit reserves 21,629 31,665
Other policyholders' liabilities 1,688 4,420
Federal income tax receivable 7,146 3,858
Commissions payable and other liabilities (284) (6,062)
Other, net (3,271) (1,404)
Net cash provided by operating activities 31,406 41,986
Cash flows from investing activities:    
Purchase of fixed maturities, available-for-sale (111,729) (76,003)
Sale of fixed maturities, available-for-sale 10,414 0
Maturities and calls of fixed maturities, available-for-sale 48,568 37,646
Maturities and calls of fixed maturities, held-to-maturity 0 17,549
Purchase of equity securities 0 (9)
Principal payments on mortgage loans 4 5
Increase in policy loans, net (721) (3,842)
Sale of other long-term investments and real estate 6,996 1
Purchase of property and equipment (388) (211)
Maturity of short-term investments 7,940 0
Purchase of short-term investments (2,455) 0
Net cash used in investing activities (41,371) (24,864)
Cash flows from financing activities:    
Annuity deposits 3,053 3,605
Annuity withdrawals (3,635) (3,458)
Other (377) 0
Net cash provided by financing activities (959) 147
Net increase (decrease) in cash and cash equivalents (10,924) 17,269
Cash and cash equivalents at beginning of year 45,492 46,064
Cash and cash equivalents at end of period $ 34,568 $ 63,333