XML 21 R6.htm IDEA: XBRL DOCUMENT v3.19.3
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Cash flows from operating activities:    
Net income (loss) $ (6,321) $ (9,630)
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Realized (gains) losses on sale of investments and other assets (3,164) 1,251
Net deferred policy acquisition costs 4,819 9,054
Amortization of cost of customer relationships acquired 1,192 1,517
Depreciation 1,269 921
Amortization of premiums and discounts on investments 10,422 12,781
Stock-based compensation 1,930 310
Deferred federal income tax benefit 560 59,329
Change in:    
Accrued investment income 819 673
Reinsurance recoverable 68 89
Due premiums 2,588 427
Future policy benefit reserves 27,994 33,425
Other policyholders' liabilities 2,309 1,413
Federal income tax receivable 6,580 (45,678)
Commissions payable and other liabilities 1,699 558
Other, net (1,851) (1,205)
Net cash provided by operating activities 50,913 65,235
Cash flows from investing activities:    
Purchase of fixed maturities, available-for-sale (210,445) (109,642)
Sale of fixed maturities, available-for-sale 39,708 1,084
Maturities and calls of fixed maturities, available-for-sale 111,757 51,190
Maturities and calls of fixed maturities, held-to-maturity 0 20,699
Purchase of equity securities 0 (9)
Principal payments on mortgage loans 6 7
Increase in policy loans, net (1,141) (5,277)
Sale of other long-term investments and real estate 6,981 14
Sale of property and equipment 15 0
Purchase of property and equipment (509) (437)
Maturity of short-term investments 7,940 0
Purchase of short-term investments (2,456) 0
Net cash used in investing activities (48,144) (42,371)
Cash flows from financing activities:    
Annuity deposits 4,948 5,222
Annuity withdrawals (5,685) (5,397)
Other (377) 0
Net cash provided by financing activities (1,114) (175)
Net increase (decrease) in cash and cash equivalents 1,655 22,689
Cash and cash equivalents at beginning of year 45,492 46,064
Cash and cash equivalents at end of period $ 47,147 $ 68,753