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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Cash flows from operating activities:    
Net income (loss) $ (3,584) $ (3,802)
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Realized (gains) losses on sale of investments and other assets 1,306 (5,961)
Net deferred policy acquisition cost 1,110 1,449
Amortization of cost of customer relationships acquired 368 419
Depreciation 70 396
Amortization of premiums and discounts on investments 2,393 4,043
Stock-based compensation 193 1,460
Deferred federal income tax benefit (280) 140
Change in:    
Accrued investment income 348 312
Reinsurance recoverable 444 77
Due premiums 1,045 2,242
Future policy benefit reserves 9,414 12,217
Other policyholders' liabilities 2,318 1,195
Federal income tax receivable 1,850 5,671
Commissions payable and other liabilities (2,865) 204
Other, net (37) (2,139)
Net cash provided by operating activities 14,093 17,923
Cash flows from investing activities:    
Purchase of fixed maturities, available-for-sale (65,714) (74,209)
Sale of fixed maturities, available-for-sale 940 7,659
Maturities and calls of fixed maturities, available-for-sale 44,612 31,631
Purchases of equity securities (4,473) 0
Principal payments on mortgage loans 4 2
Increase in policy loans, net 676 (650)
Sale of other long-term investments and real estate 0 6,996
Purchases of other long-term investments (2,810) 0
Sale of property and equipment 0 18
Purchase of property and equipment (5) (257)
Maturity of short-term investments 650 0
Purchase of short-term investments (45) 0
Net cash used in investing activities (26,165) (28,810)
Cash flows from financing activities:    
Annuity deposits 1,618 1,541
Annuity withdrawals (561) (1,676)
Other (246) (377)
Net cash provided by financing activities 811 (512)
Net decrease in cash and cash equivalents (11,261) (11,399)
Cash and cash equivalents at beginning of year 46,205 45,492
Cash and cash equivalents at end of period $ 34,944 $ 34,093